Name: Arizona's economic future looks rosy as companies relocate to the state
Brand: fox10phoenix.com
SKU: fox10phoenix-com-76
Availability: OnlineOnly

critic

Arizona's economic future looks rosy as companies relocate to the state

preview

A business expert in Phoenix says he expects to see Phoenix grow extremely rapidly over the next couple of years, as the state's business-friendly climate is attracting companies to relocate. It has been tough times for many during the ongoing COVID-19 pandemic, but when compared to the rest of the country, the local economy, along with Arizona's economy, is doing extremely well, as many businesses are opening up and hiring. According to The Economist, Phoenix will rank as number one or two on a list of major employment markets in the country. People in the valley can feel this change, as businesses move to the area, and local businesses expand. "We have been very fortunate that business has continued to boom," said Amy Diamond with Brooklyn Bedding.Phoenix and Glendale-based Brooklyn Bedding is one company that is expanding in Arizona. They make all of their mattresses in the Valley, and ship them off nationwide. They are breaking ground on a brand-new factory in Glendale, and they are looking to hire about 150 new employees. "Ultimately, we want to be able to triple mattress production, and that will create job opportunities throughout the Valley," said Diamond.Meanwhile, Humble Pie’s owner and chef is opening a new concept in Scottsdale called Humble Bistro. The concept will showcase new Italian cuisine, and they are looking to hire all of their positions. Advertisement These are just a couple of the very few places expanding during this pandemic."The result is you are in for an extraordinary period of growth," said Elliot D. Pollack and Company CEO Elliot Pollack.Pollack says the Phoenix area was the best performing major employment market in the U.S. for 2020."I would expect Phoenix to grow extremely rapidly over the next two to three years," said Pollack.Pollack says that growth is due to efforts by the state to create a business-friendly climate.Pollack also said that between jobs added in the last 10 years, the U.S. lost 98% of them in March and April as a result of the pandemic. Meanwhile, Phoenix only lost 40%.As far as the rebound, Pollack says the U.S. has recovered 55% of jobs they lost, while Phoenix has recovered 75%."Phoenix is structured to do better than anybody else," said Pollack. "You have a housing boom and a shortage of housing and manufacturing companies opening here."Help Wanted: These companies are hiring employees during the coronavirus pandemicTune in to FOX 10 Phoenix&nbsp;for the latest&nbsp;news

A business expert in Phoenix says he expects to see Phoenix grow extremely rapidly over the next couple of years, as the state's business-friendly climate is attracting companies to relocate. It has been tough times for many during the ongoing COVID-19 pandemic, but when compared to the rest of the country, the local economy, along with Arizona's economy, is doing extremely well, as many businesses are opening up and hiring. According to The Economist, Phoenix will rank as number one or two on a list of major employment markets in the country. People in the valley can feel this change, as...

public

Bailey Miller

fox10phoenix.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Arizona's economic future looks rosy as companies relocate to the state

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS