Jeff Gifford

Flagstaff

Digital Editor at Phoenix Business Journal

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Articles

Phoenix sees surge in millionaire renters as high earners embrace lifestyle

1 week ago | abc15.com | Jeff Gifford

The American Dream perhaps takes for granted that most people who can afford a house would want to buy one, but there’s a growing segment of high earners in Phoenix who prefer to rent. A new analysis from national apartment search platform RentCafe pegged Phoenix as a trending metro for millionaire renters, ranking it No. 6 in the nation for its growth factor. Across the Valley, the percentage of millionaire households that rent has grown 519% between 2019 and 2023.
Phoenix one of nation's top draws for corporate headquarters moves

2 weeks ago | abc15.com | Jeff Gifford

PHOENIX — Phoenix is one of the nation’s top draws for corporate headquarters, according to a new report from CBRE. The report ranked Phoenix No. 4 in the U.S. for gaining the most corporate headquarters between 2018 and 2024. During that time, the Valley added 31 new HQs, which was the same amount gained by Houston. Only Dallas, Austin and Nashville came in ahead of the Phoenix metro.
Nine Arizona companies make Fortune 500 list, with mining giant taking top spot

3 weeks ago | abc15.com | Jeff Gifford

Nine Arizona-based companies appear on the freshly released 2025 edition of the prestigious Fortune 500 list of the largest public companies in the nation, ranked by revenue. That total was one shy of last year’s number for the Grand Canyon State as a couple companies dropped off the list and a new one joined. At the top for Arizona was Phoenix-based global mining giant Freeport-McMoRan Inc., which made a nine-spot jump from No. 178 last year to No. 169 this year on the Fortune 500.
Scottsdale's millionaire population soars, outpacing global wealth hubs

1 month ago | abc15.com | Jeff Gifford

SCOTTSDALE, AZ — Scottsdale is adding millionaires at a higher rate than just about every other city in the world. By last year, Scottsdale’s total population included 14,800 millionaires, which was 125% more than a decade earlier — a growth rate ahead of every city in the world except Shenzhen, China. That is according to Henley & Partners’ recently released list of the World’s Fastest Growing Wealth Hubs, which measured the percent change in millionaires between 2014 and 2024.
PwC ranks Arizona among top states for aerospace manufacturing - Phoenix Business Journal

1 month ago | bizjournals.com | Jeff Gifford

Arizona rises to third most-attractive state for aerospace manufacturing, excelling in industry depth, infrastructure, and tax policy, says PwC report.
Phoenix solidifies spot as 5th largest US city; other AZ cities show population surges

1 month ago | abc15.com | Jeff Gifford

New figures released Thursday by the U.S. Census Bureau show that Phoenix has reinforced its position as the nation’s fifth-largest city, registering the nation’s eighth-largest numerical population increase between 2023 and 2024. The Census Bureau’s Vintage 2024 estimates for cities and towns found that several cities in and around the Valley were among national leaders in population growth over one-year and four-year time spans.
The pay raise picture is shifting. Here's how Arizona compares

1 month ago | abc15.com | Jeff Gifford |Joanne Drilling

Despite a shifting landscape marked by tariff turmoil and economic uncertainty, wages in Arizona cities are on an upward trend. That’s according to a recent analysis by The Business Journals of Bureau of Labor Statistics data, which found average year-over-year weekly wages increased in 91 of the nation's 100 largest metro areas as of the end of the first quarter. The Phoenix metro was among them, with wages up 9.3% between March 2024 and March 2025.
Arizona soars to third most-attractive state for aerospace manufacturing

1 month ago | ourcommunitynow.com | Jeff Gifford

Share Arizona has become the third most-attractive location in the United States for aerospace and defense manufacturing and investment, according to a new report on the industry. The aerospace manufacturing attractiveness rankings from PwC bumped the Grand Canyon state up three spots from No. 6 to No. 3 this year, with only Texas and Florida coming in ahead.
Arizona soars to third most-attractive state for aerospace manufacturing

1 month ago | abc15.com | Jeff Gifford

Arizona has become the third most-attractive location in the United States for aerospace and defense manufacturing and investment, according to a new report on the industry. The aerospace manufacturing attractiveness rankings from PwC bumped the Grand Canyon state up three spots from No. 6 to No. 3 this year, with only Texas and Florida coming in ahead.
East Valley cities among nation's fastest-growing, with one ranking fourth for large cities

1 month ago | abc15.com | Jeff Gifford

GILBERT, AZ — Cities across the Valley have picked up a reputation for rapid growth in recent years, but a new report shows the East Valley boasts some of the nation’s fastest-growing cities over the longer haul. The analysis from online self-storage listings platform StorageCafe measured Gilbert as the large city with the fourth-fastest growth in the country between 2014 and 2023.