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Tariffs, Diversity Quotas Contributing to Construction Hiring Challenges279Tariffs, Diversity Quotas Contributing to Construction Hiring Challenges<div class="ExternalClass434F6B7CB7524962BF250AF941D3C7C2"><p> <img src="/econdevsite/SiteAssets/Lists/EDNews/AllItems/BISNOW-20190404-AmeriConstruct-CED-and-founder-Neil-Lockhart-325.jpg" alt="BISNOW-20190404-AmeriConstruct-CED-and-founder-Neil-Lockhart-325.jpg" style="margin:5px;vertical-align:baseline;width:200px;float:left;" />By Terra Smith, Bisnow Houston, April 2, 2019<br></p><p>Construction firms are racing to find top-tier talent to launch projects nationwide. But a shortage of skilled laborers is leading to a mounting number of unfilled jobs.  </p><p>A strong national economy means more cranes in the sky, AmeriConstruct founder and CEO Neil Lockhart said. However, the workforce shortage is staggering and he said it is halting construction timelines. <br></p><p>A number of factors (including construction costs, salary challenges and a focus on seeking diverse candidates) are intensifying the challenge. </p><p>According to the Associated General Contractors of America, 70% of construction firms report having a hard time hiring. There is a growing list of 250,000 unfilled jobs nationally, Lockhart said. The construction industry is near full employment at 4.1%.  </p><p>Texas added the most construction jobs nationally on a year-over-year basis at 22,700 jobs or 3.1%, according to the AGC. Florida recorded 22,400 new jobs, or 4.2%, followed by Arizona (16,500 jobs, 10.7%), West Virginia (16,000 jobs, 46.4%) and Georgia (14,600 jobs, 7.6%).  </p><p>"The record number of job openings in construction reported in the government's Job Openings and Labor Turnover Survey for January shows that finding qualified construction workers is still a challenge," AGC Chief Economist Ken Simonson said in a release. </p><p> <strong>Phoenix offers paid apprenticeships in construction</strong></p><p>“Working with our partners in construction, Arizona@Work is recruiting apprentices for a 9-week program," said Mary Alejandro, program manager for Arizona@Work/Phoenix. “We try to fill a class with 20 to 30 qualified young men and women. They're paid $15 per hour during the training, and nearly all end up with higher wage full time jobs when the training is completed.</p><p>Contractors can participate in the workforce training programs. More information is available at <a href="">Arizona@Work/Phoenix.​</a>.<br></p></div> <br>4/4/2019 7:00:00 AM
Nearly 90 apartment projects are in the pipeline in metro Phoenix, report finds315Nearly 90 apartment projects are in the pipeline in metro Phoenix, report finds<div class="ExternalClassD5F531FD482C446A85ADD8F0547DEA7A"><p>​<img src="/econdevsite/SiteAssets/Lists/EDNews/AllItems/CENTRAL-STATION-20190417-Polk-and-Central-Looking-South-(Crop-02)-Newsroom.jpg" alt="" style="margin:5px;" /><br></p><p><em>Central Station, a multiple use development, includes 300 units of apartments, 5 percent of which will be rent restricted to be affordable to typical workforce household incomes (80 percent to 120 percent of the metro areas $61,000 average household income. An 18-story stduent housing apartment is also part fo the mix, along with a 150-key Intercontinental Hotel.  Credit: Evans Gould and Medistar</em><br></p><p><em>Angela Gonzales for Phoenix Business Journal</em>​</p><p>​​<span style="font-size:14.6667px;">New apartments will continue to be built around the Valley for the foreseeable future, according to a new report compiled for the Phoenix Business Journal.</span></p><p><span style="font-size:14.6667px;">Kasten Long Commercial Group identified 89 prospective apartment projects totaling nearly 22,000 units across metro Phoenix.<br>That's in addition to the 91 planned communities totaling 21,672 units and the 56 projects under construction totaling 13,894 units across the Valley today, according to Kasten Long's report created exclusively for the Business Journal.​</span></p></div>5/14/2019 7:00:00 AMhttps://
Maricopa is fastest-growing U.S. County again in 2018 for third consecutive year297Maricopa is fastest-growing U.S. County again in 2018 for third consecutive year<div class="ExternalClass568DA38A1035415EB7D8296B56749C69"><p>​<img src="/econdevsite/SiteAssets/Lists/EDNews/AllItems/NEWSROOM-20190418-County-Population.jpg" alt="NEWSROOM-20190418-County-Population.jpg" style="margin:5px;" /><br></p><p><span style="font-size:14.6667px;"><em>By Eric Jay Toll </em></span><em style="font-size:14.6667px;">The Economy Update, April 18, 2019</em></p><p><span style="font-size:14.6667px;">Maricopa County remained the fastest-growing U.S. county for the third year in a row, adding 81,244 new residents in 2018, according to the U.S. Census Bureau population estimates. The county population tops 4,410,824 million. Maricopa is the fourth most populous U.S. county.</span></p><p><span style="font-size:14.6667px;">The Phoenix-Mesa-Scottsdale metropolitan area was second in population growth over 2017 adding 96,000 new residents to bring the Valley's population to 4.86 million in 2018. Dallas-Fort Worth-Arlington, Texas, was the fastest-growing metro, adding nearly 132,000 new residents in year-over-year data.</span></p><p><span style="font-size:14.6667px;">“One interesting trend we are seeing this year is that metro areas not among the most populous are ranked in the top 10 for population growth," said Sandra Johnson, a demographer in the Census Bureau's Population Division. “Though no new metro areas moved into the top 10 largest areas, Phoenix, Seattle, Austin, and Orlando all experienced numeric increases in population since 2010, rivaling growth in areas with much larger populations. This trend is consistent with the overall growth we are seeing in the south and the west."</span></p><p><span style="font-size:14.6667px;">The metro area population gain, equal to almost twice the population increase for entire states of Massachusetts and New Hampshire, was not quite enough for the Valley to move past Boston-Cambridge-Newton Massachusetts-New Hampshire metro area. Boston metro's population grew nearly 31,000 to 4,875,390, just 17,400 people more than Phoenix's 4,857,962 in 2018.</span></p><p><span style="font-size:14.6667px;">In the 2020 Census, Phoenix is likely to pass Boston and become the 10<sup>th</sup> largest U.S. metro area. In 2017, the Valley passed the San Francisco-Oakland-Hayward, CA, metro area to become the 11<sup>th</sup> largest U.S. metro. The two-county metro, consisting of Maricopa and Pinal counties, ranked 14<sup>th</sup> in 2010.</span></p><p><span style="font-size:14.6667px;">According to the Census, eight of the ten fastest-growing counties were in the west. The other two were in Florida. The population estimates found that 45 percent of U.S. counties experienced no population change or population declined.</span></p><p><span style="font-size:14.6667px;">The Valley's population spurt means on average 263 people choose to live among the 22 Valley cities every day. Individual city population estimates are due in early May.</span></p><p><span style="font-size:14.6667px;">Santa Cruz and Cochise were the only Arizona counties to lose population, and Apache, Gila, Graham and Greenlee showed no population change.</span></p><p><span style="font-size:14.6667px;">Among counties, Maricopa County was second in population growth between 2010 and 2018. Harris County (Houston), Texas, added 604,431 new residents over the eight-year span, compared to Maricopa County's 593,465 new residents in the same period. Harris County has a population of 4.7 million compared to Maricopa's 4,4 million.</span></p><p><span style="font-size:14.6667px;">Population estimates are generated annually by the Census Bureau based on a variety of sources. The numbers represent net population changes based on births, deaths, in- and out-migration.</span><br></p><p><em style="font-size:14.6667px;">Map shows numeric year-over-year population change in U.S., counties between July 1, 2018 and July 1, 2017. </em><span style="font-size:14.6667px;">Source: U.S. Census Bureau, April 18, 2019.</span>​<br></p><p><img src="/econdevsite/SiteAssets/Lists/EDNews/AllItems/NEWSROOM-20190418-Metro-Population-table.jpg" alt="NEWSROOM-20190418-Metro-Population-table.jpg" style="margin:5px;" /><br></p></div>4/18/2019 3:00:00 PM
The Middle Seat: First Class vs. Coach: A Game of Square Inches302The Middle Seat: First Class vs. Coach: A Game of Square Inches<div class="ExternalClass500F000D448F4EADA718FF2141A4CBCF"><p>​<img src="/econdevsite/SiteAssets/Lists/EDNews/AllItems/NEWSROOM-20190425-WSJ-Middle-Seat-Space.jpg" alt="NEWSROOM-20190425-WSJ-Middle-Seat-Space.jpg" style="margin:5px;" /><br></p><p><em><br></em></p><p><em>Scott McCartney, The Wall Street Journal. April 24, 2019</em> </p><p><span style="font-size:14.6667px;">The cost of comfort on airlines is going up.</span></p><p><span style="font-size:14.6667px;">The gap between the average prices of economy tickets and business- and first-class tickets has widened about 5% the past two years, according to data compiled for The Wall Street Journal by Airlines Reporting Corp. Tickets for roomy seats in the front of the plane have crept higher, while coach tickets have gotten a bit cheaper (not counting add-on fees).</span></p><p><span style="font-size:14.6667px;">By shrinking space for each seat in economy, airlines have created more demand for premium seats. Delta says it now sells more than 60% of its domestic first-class seats, up from 14% in 2011. Premium-ticket revenue for Delta increased 14% in 2018 and was up another 8% in the first quarter this year.</span><br></p></div>4/25/2019 7:00:00 AM
Chicago developer to start work on high-profile apartment project in downtown Phoenix316Chicago developer to start work on high-profile apartment project in downtown Phoenix<div class="ExternalClassBE85361ED940479FB4103CC484AE63C9"><img alt="UPDATE 20190515 X Phoenix Amenity Deck.jpg" src="/econdevsite/MediaAssets/UPDATE%2020190515%20X%20Phoenix%20Amenity%20Deck.jpg" style="margin:5px;" /> <p> <em>The 9th floor amenitfy deck at X Phoenix has a 4,000-square-foot swimming pool and a 1,000-square-foot hot tub.</em> Credit: Shepley Bulfinch and PMG.</p><p> <em>Angela Gonzales, Phoenix Business Journal</em></p><p> <span style="font-size:15px;">Property Markets Group Inc. is set to begin work this week on a 19-story apartment tower in downtown Phoenix that will include retail and office space.</span></p><p>Plans include an 8,000-square-foot gym, 4,500-square-foot coworking space and 50,000-square-foot outdoor pool deck. In addition, a 30-foot indoor/outdoor amphitheater space will be built for public art performances and concerts. The project is located on a 2-acre site bounded by Second and Third avenues and Van Buren and Monroe streets.</p><p>The groundbreaking for the project, dubbed X Phoenix, is scheduled for May 15. When the Business Journal<a href="" target="_blank"> broke the news about the project in March, details and total costs had not been finalized.</a></p> <a href="" target="_blank"> </a> <p> <a href="" target="_blank">Total development costs for the project are about $150 million, said </a><a href=""> Noah Gottlieb</a>, principal of Chicago-based Property Markets Group. And that's just the half of it.​​​</p></div>5/15/2019 8:00:00 PM
Mayo Clinic plans major expansion to double Phoenix campus; hiring 2,000330Mayo Clinic plans major expansion to double Phoenix campus; hiring 2,000<div class="ExternalClass19CE7F5F4AFA4D738F1163DA9126BB3A"><p><span style="font-size:14.6667px;"><em><img src="/econdevsite/MediaAssets/BIO19-20180905-Mayo-Expansion.jpg" alt="BIO19-20180905-Mayo-Expansion.jpg" style="margin:5px;" />By Angela Gonzales for Phoenix Business Journal</em></span></p><p><span style="font-size:14.6667px;">Mayo Clinic is embarking on a $648 million expansion that will nearly double the size of its Phoenix campus — paving the way for 2,000 more high-paying health care jobs.<br>Plans are so preliminary the nonprofit health system has yet to issue requests for proposals for an architect and general contractor, said Dr. Wyatt Decker, CEO of Mayo Clinic in Arizona and vice president of Mayo Clinic's overall operations.<br>The project will be financed by a combination of internal operations, philanthropy and a bond issue, Decker said.​</span></p><p><br></p></div>9/5/2018 7:00:00 AM
Creighton University to build $150M Phoenix medical schoolhton University to build $150M Phoenix medical school331Creighton University to build $150M Phoenix medical schoolhton University to build $150M Phoenix medical school<div class="ExternalClass405AC1807A2A4CF7BC352840FCADA0FE"><p><em>​<img src="/econdevsite/MediaAssets/CREIGHTON-20190122-Looking-North-on-Central-Avenue.jpg" alt="CREIGHTON-20190122-Looking-North-on-Central-Avenue.jpg" style="margin:5px;" />By Angela Gonzales for Phoenix Business Journal</em><br></p><p><em></em></p><p><a href="" data-ct="APT:bbm_profile_link"><span style="font-size:14.6667px;">Creighton University</span></a><span style="font-size:14.6667px;"> plans to build a $150 million medical school at Park Central Mall next to St. Joseph's Hospital and Medical Center in Phoenix.</span></p><p><span style="font-size:14.6667px;">Plans call for training 700 medical students in what will be two buildings totaling 300,000 square feet on the southeast corner of the mall property at Central Avenue and Catalina Drive.</span></p><p><span style="font-size:14.6667px;">Phase I will be a 150,000-square-foot building that will cost between $75 million and $100 million to develop, followed by a mirror image of a second 150,000-square-foot building at a later time as the school grows.</span></p><p><span style="font-size:14.6667px;">“Creighton University has strong connections to the Arizona medical community, and we look forward to expanding our impact by educating many more exceptionally qualified health care professionals to serve the community moving forward," said the Rev. Daniel S. Hendrickson, president of Creighton University.​</span></p></div>9/18/2018 7:00:00 AM
Phoenix is fastest-growing U.S. City for 3rd year in a row320Phoenix is fastest-growing U.S. City for 3rd year in a row<div class="ExternalClass98350EEF79124D3D8B9D9C9007B82F01"><p><em><img src="/econdevsite/MediaAssets/DOWNTOWN-20180222-Talking-Stick-Resort-Arena-and-Downtown.jpg" alt="" style="margin:5px;" />​By Eric Jay Toll for Economy Update</em><br></p><p><span style="font-size:14.6667px;">Phoenix is the fastest-growing city in the U.S. for the third year in a row, according to 2018 population estimates from the U.S. Census Bureau released May 23. Phoenix remains the fifth most-populous U.S. city with 1,660,272 people.</span></p><p><span style="font-size:14.6667px;">Phoenix has added more than 200,000 people since the 2010 Census. Only Houston, Texas, added more. In fact, Phoenix, Houston, San Antonio and Dallas, the last three all Texas, are the only U.S. cities to add more than 100,000 in new population since 2010.</span></p><p><span style="font-size:14.6667px;">Maricopa County was the fastest-growing U.S. county in 2018. Arizona was the fourth fastest-growing state.</span></p><p><span style="font-size:14.6667px;">With 25,288 new residents choosing the city as a new home last year, cities in the West and South continued to draw population away from the Midwest and Northeast.</span></p><p><span style="font-size:14.6667px;">Phoenix                                   25,288</span></p><p><span style="font-size:14.6667px;">San Antonio, Texas                 20, 824</span></p><p><span style="font-size:14.6667px;">Fort Worth, Texas                   19,552</span></p><p><span style="font-size:14.6667px;">Seattle, Washington               15,254</span></p><p><span style="font-size:14.6667px;">Charlotte, North Carolina       13,151</span></p><p><span style="font-size:14.6667px;">In terms of percentage population growth, Buckeye was the fastest growing U.S. city with 8.5 percent increase in population. No other Arizona cities were in the top ten rankings of population growth or percentage growth. In percentage, all of the top 15 cities in percent growth, 13 were in the West, and one each in the South and Midwest</span></p><p><span style="font-size:14.6667px;">​New York City                         8,398,748</span></p><p><span style="font-size:14.6667px;">Los Angeles                            3,990,456</span></p><p><span style="font-size:14.6667px;">Chicago                                  2,705,994</span></p><p><span style="font-size:14.6667px;">Houston, Texas                       2,325,502</span></p><p><span style="font-size:14.6667px;">Phoenix                                   1,660,272</span></p><p><span style="font-size:14.6667px;">Phoenix was fastest-growing U.S. city in 2016, and tied for fastest-growing with San Antonio, Texas, in 2017.​</span></p></div>5/23/2019 4:00:00 PM
Don't Bet Against Pets. Retail Lessons From The Chewy IPO389Don't Bet Against Pets. Retail Lessons From The Chewy IPO<div class="ExternalClass557925EC12544BCB974F06338E7B7576"><img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190614-Chewy-IPO-Forbes.jpg" alt="A mixed breed dog sits in front of a banner promoting the Chewy IPO on June 14, 2019 at the New York Stock Exchange." style="margin:5px;" /> <p><em>Local dog Frankie poss for photos outsdie the New York Stock Exchang decorated for the Chewy IPO on June 14, 2019.</em> Image: Richard Drew for Associated Press</p><p><em>By Joan Verndon for Forbes</em></p><p><span style="font-size:15px;">The first rule of show business is don’t work with kids or animals. The new rule of retail, based on the success of the Chewy IPO Friday, should be don’t bet against businesses based on dogs and cats.</span></p><p><span style="font-size:15px;">Chewy’s triumph, however, contains lessons for all retailers, not just those that cater to pets and doting pet parents.</span></p><p><span style="font-size:15px;">PetSmart, which bought Chewy in 2017 for $3.35 billion, and has a 70% stake, raised over $900 million in the IPO. Chewy is now valued at four times what PetSmart paid for it. But this good news could spell the beginning of the end of PetSmart as we now know it.</span></p>​<br></div>6/14/2019 7:00:00 AM
Sky Harbor Airport's $5.7 billion, 20-year plan: Double the capacity, add 'bus gates'376Sky Harbor Airport's $5.7 billion, 20-year plan: Double the capacity, add 'bus gates'<div class="ExternalClass12B5AF4E4F2743AB9A51410B38AA4666"><img src="/econdevsite/MediaAssets/EconomyUpdate/SKY-HARBOR-20190612-Exterior-Terminal-3.jpg" alt="Phoenix Sky Harbor International Airport Terminal 3, seen from the exterior on the northwest side of the 2019 renovated building." style="margin:5px;" /> <p> <em>Phoenix Sky Harbor International Terminal 3 was remodeled in 2019.</em> Credit: City of Phoenix.</p><p> <em>By Melissa Yaeger for Arizona Republic,</em></p><p> <span style="font-size:15px;">The Phoenix City Council on Tuesday unanimously approved a 20-year blueprint for improvements to Sky Harbor International Airport, designed to make sure the airport can keep up with passenger and cargo demands that are expected to double by 2039.</span></p><p> <span style="font-size:15px;">The blueprint addresses a Federal Aviation Administration requirement, which makes airports maintain short- and long-term plans for their facilities. Sky Harbor currently serves almost 45 million passengers a year. Staff members project that in the next 20 years, it will need the capacity for 75 million to 80 million passengers and double the amount of cargo capability.</span></p><p> <span style="font-size:15px;">Sky Harbor's last long-range plan was in 2010, and the FAA requires these plans to be updated every seven to 10 years. Since 2017, airport staff worked with more than 150 stakeholder groups.</span></p>​<br></div>6/12/2019 7:00:00 AM



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