There are many ways to evaluate economic performance. Three key dimensions are innovation, inclusion, and growth. Innovation is a key driver of economic progress. It generates new products and new ways of producing goods and services. One way to measure...
The coronavirus pandemic has negatively impacted more than 70% of small businesses statewide according to the Census Bureau’s Small Business Pulse Survey . However, the overall sentiment regarding the impact of the coronavirus pandemic on small businesses improved significantly between...
Manufacturing is a large and important part of the Tucson economy. It generated 27,830 jobs and 13.8% of GDP in 2019. Wages were also high in this sector, at an average of $92,786 per worker, which was $22,866 above the...
Should I Rent or Own a Home in Tucson, Arizona MSA? Housing Demographics Have you ever wondered how many homes in your neighborhood were rentals? Or if some cities had a higher percentage of investment properties than others? These are...
The COVID-19 pandemic has had wide-reaching impacts across the world. In addition to the tragic loss of life, the pandemic has created economic hardships for many. Among establishments, small businesses have been disproportionately impacted by the pandemic. The majority of...
There have been increasing concerns that the COVID-19 pandemic will cause an eviction crisis across the country. A recent report “ The COVID-19 Eviction Crisis ” published by the National Low Income Housing Coalition estimates that 30-40 million people in...
The economic consequences of the COVID-19 pandemic have impacted industries and occupations unequally. Since the beginning of the pandemic, it was strikingly clear that the travel and tourism sector would be disproportionally affected. This in turn has significant implications for...
The Trump administration made headlines when it increased trade barriers in 2018 and 2019. Those tariffs—the largest in over 75 years—are designed to help America’s ailing manufacturing sector. The U.S. lost 5.8 million manufacturing jobs between 2000 and 2010. 1...
The long-term economic impact that the COVID-19 pandemic will have is yet to be determined. However, it is becoming evident that the recovery will vary widely across different regions. According to several recent articles, Tucson is poised to recover quicker...
