International self-storage company acquires Surprise facility for $13.5M
An international self-storage company purchased a 665-unit facility in Surprise for $13.5 million at the end of August 2021.
An international self-storage company has purchased a 665-unit facility in Surprise for $13.5 million.
Strategic Storage Trust IV, purchased the facility on 3 acres from Coyote Lakes Self Storage LLC on Aug. 27, according to real estate database Vizzda. Strategic Storage Trust IV is a private real estate investment trust sponsored by an affiliated of SmartStop Self Storage REIT Inc.
Located at 11658 W. Bell Road, the facility, formerly called Coyote Lakes Cool Storage, consists of about 72,800-square-feet of rental space between the 665 climate and non-climate controlled units, the company said. The facility has been renamed SmartStop Self Storage.
The area can serve Fletcher Heights, Arrowhead Ranch, Sun City, Youngtown, El Mirage and Sun City West and is close to U.S. Route 60 and the Loop 101. The facility also has a security system, secured and alarmed doors, gated entry, ground floor drive-up units and elevators for second-level units.
“Surprise is a dense, established community of Phoenix that is experiencing very strong population growth,” said Wayne Johnson, chief investment officer of Strategic Storage Trust VI, in a statement. “We expect this facility, which is a good representation of the latest generation of self-storage product, to perform very well in a submarket that is primarily composed of older generation facilities.”
The sale comes as the Phoenix area and West Valley population continues to grow, especially in cities such as Buckeye, Goodyear and Surprise.
Demand for self-storage The demand for the self-storage real estate market in Arizona has remained high and been driven by population growth
Source: The Business Journal
An international self-storage company purchased a 665-unit facility in Surprise for $13.5 million at the end of August 2021.
An international self-storage company has purchased a 665-unit facility in Surprise for $13.5 million.
Strategic Storage Trust IV, purchased the facility on 3 acres from Coyote Lakes Self Storage LLC on Aug. 27, according to real estate database Vizzda. Strategic Storage Trust IV is a private real estate investment trust sponsored by an affiliated of SmartStop Self Storage REIT Inc.
Located at 11658 W. Bell Road, the facility, formerly called Coyote Lakes Cool Storage, consists of about 72,800-square-feet of rental space between the 665 climate and non-climate controlled units, the company said. The facility has been renamed SmartStop Self Storage.
The area can serve Fletcher Heights, Arrowhead Ranch, Sun City, Youngtown, El Mirage and Sun City West and is close to U.S. Route 60 and the Loop 101. The facility also has a security system, secured and alarmed doors, gated entry, ground floor drive-up units and elevators for second-level units.
“Surprise is a dense, established community of Phoenix that is experiencing very strong population growth,” said Wayne Johnson, chief investment officer of Strategic Storage Trust VI, in a statement. “We expect this facility, which is a good representation of the latest generation of self-storage product, to perform very well in a submarket that is primarily composed of older generation facilities.”
The sale comes as the Phoenix area and West Valley population continues to grow, especially in cities such as Buckeye, Goodyear and Surprise.
Demand for self-storage The demand for the self-storage real estate market in Arizona has remained high and been driven by population growth
Source: The Business Journal
Internet Searches for Local Businesses Peaks in August
New data by the Surprise Regional Commerce shows an increased number of internet searches for local businesses in August. This is a good sign for our local economy, says the CEO.
The Chamber monitors and tracks the number of times its members get a bump from their directory listing, which helps local businesses rank higher in local search engines. August is projected to have over 178,000 member exposures and will be the new high for the 2021 year, said Raoul Sada, president, and CEO, of the Surprise Regional Chamber.
Mr. Sada said this rapid increase is attributable to consumers doing more internet searches and buying more with the stimulus payments. But just as significant is the number of businesses that increased or created a web presence for the first time, right after COVID hit.
We know the road to recovery from the COVID-19 pandemic remains uncertain for many businesses and consumer behavior has changed significantly, and the need for digital transformation has never been more important.
Online tools and technology have the highest potential impact on small businesses. Last year many companies struggled to drive more traffic to their website, and now they are reaping the rewards, said Mary Orta, VP of Marketing and Operations.
Orta stated that directing local internet searches to our dues-paying members has always been an essential benefit of joining the Chamber. And for the home-based and micro-business, a free website is provided with every membership, and this helped many small businesses remain competitive in a digital landscape.
Mr. Sada said having a directory listing on the Chamber website makes local businesses appear higher on internet searches. Although search engines, like Google and Bing, want to provide the most accurate and relevant information possible on search results pages, they do not rely solely on their databases for search results.
Major search engines pull in data from third-party sources, like the Chamber of Commerce, at least every couple of months and compare it to the information they have in their databases. If the comparative data doesn't match properly or doesn't exist at all, the search engine thinks the data might be wrong or less important and therefore less relevant. As a result, a business ranking on the results pages can be dramatically affected. So stated in other terms, having a business listing on the Chamber website (with many different companies) moves a member's website higher on the list of options when consumers do local searches.
The Surprise Regional Chamber of Commerce serves the Serving the Business Communities of El Mirage, Sun City, Sun City West, Surprise, Waddell, and Youngtown
For more information on the Chamber website services or our Traffic Catcher System, go to www.SurpriseRegionalChamber.com
New data by the Surprise Regional Commerce shows an increased number of internet searches for local businesses in August. This is a good sign for our local economy, says the CEO.
The Chamber monitors and tracks the number of times its members get a bump from their directory listing, which helps local businesses rank higher in local search engines. August is projected to have over 178,000 member exposures and will be the new high for the 2021 year, said Raoul Sada, president, and CEO, of the Surprise Regional Chamber.
Mr. Sada said this rapid increase is attributable to consumers doing more internet searches and buying more with the stimulus payments. But just as significant is the number of businesses that increased or created a web presence for the first time, right after COVID hit.
We know the road to recovery from the COVID-19 pandemic remains uncertain for many businesses and consumer behavior has changed significantly, and the need for digital transformation has never been more important.
Online tools and technology have the highest potential impact on small businesses. Last year many companies struggled to drive more traffic to their website, and now they are reaping the rewards, said Mary Orta, VP of Marketing and Operations.
Orta stated that directing local internet searches to our dues-paying members has always been an essential benefit of joining the Chamber. And for the home-based and micro-business, a free website is provided with every membership, and this helped many small businesses remain competitive in a digital landscape.
Mr. Sada said having a directory listing on the Chamber website makes local businesses appear higher on internet searches. Although search engines, like Google and Bing, want to provide the most accurate and relevant information possible on search results pages, they do not rely solely on their databases for search results.
Major search engines pull in data from third-party sources, like the Chamber of Commerce, at least every couple of months and compare it to the information they have in their databases. If the comparative data doesn't match properly or doesn't exist at all, the search engine thinks the data might be wrong or less important and therefore less relevant. As a result, a business ranking on the results pages can be dramatically affected. So stated in other terms, having a business listing on the Chamber website (with many different companies) moves a member's website higher on the list of options when consumers do local searches.
The Surprise Regional Chamber of Commerce serves the Serving the Business Communities of El Mirage, Sun City, Sun City West, Surprise, Waddell, and Youngtown
For more information on the Chamber website services or our Traffic Catcher System, go to www.SurpriseRegionalChamber.com
Taylor Morrison buys parcel along Loop 303 for new community to include rental units
Apr 7, 2021
Taylor Morrison Home Corp. has acquired 163.72 acres along Loop 303 in Surprise to develop a new master-planned community that will include rental units in partnership with Christopher Todd Communities.
While Scottsdale-based Taylor Morrison (NYSE: TMHC) and Mesa-based Christopher Todd Communities have had a partnership to develop rental communities nationwide since July 2019 and have two projects under construction in the Valley so far, this is the first time Taylor Morrison has bought land to build a master-planned community that will include single-family homes alongside the Christopher Todd Communities rental units.
According to Vizzda LLC, a Tempe-based real-estate database, Taylor Morrison bought the land along Loop 303 from entities tracing to Michael J. Moore for $156,279.14 an acre, or $25.59 million. One parcel is southwest of the southwest corner of Loop 303 and Cactus Road, and the other is northeast of the northeast corner of Loop 303 and Peoria Avenue in Surprise.
Nate Nathan and Courtney Buck of Scottsdale-based Nathan & Associates represented both the buyer and seller in the deal.
"Taylor Morrison is fortunate to have landed one of the last remaining large pieces of residential land along the 303 corridor," Nathan said. "Due to the immense employment activity along the 303 corridor, the timing of the entire development fits perfectly into the continued job growth you will see along the 303 corridor."
More to comeDarin Rowe, national president of Taylor Morrison's build to rent division, said this type of community, which includes single-family homes and build-to-rent units, will be the first of more to come.
"We expect more of this in the future," Rowe said, with land sourcing efforts underway in select markets within Texas, North Carolina and Florida.
The land, which currently serves as a radish farm, is currently being graded, Rowe said. Plans call for home sales to begin in summer 2022 and leasing for the rental units to begin by the end of 2022.
The two other build-to-rent communities Taylor Morrison and Christopher Todd have partnered on are expected to begin preleasing soon, Rowe said. Their first project is called Christopher Todd Communities at Ellsworth and is at University and Ellsworth roads in Mesa, while the second project is called Christopher Todd Communities at McDowell and is at 91st Avenue and McDowell Road in west Phoenix.
Taylor Morrison is building those communities on land Christopher Todd Communities had already owned, Rowe said.
Called Paradisi, the new master-planned community in Surprise is land purchased by Taylor Morrison, where Christopher Todd Communities will lease and manage the 192 single-story rental units to be built on 16 gated acres.
These one- and two-bedroom smart homes will include private backyards in a community that will feature resort-style amenities.
These build-to-rent communities are less dense than typical multifamily apartment units, with no one above or below and no stairs to navigate.
Taylor Morrison's Paradisi also will include more than 700 single-family homes. Of those, Taylor Morrison will build 560 homes ranging from 1,700 to 3,500 square feet, and sell another 150 lots, Row said.
PROVIDED BY CHRISTOPHER TODD COMMUNITIES
By Angela Gonzales – Senior Reporter, Phoenix Business Journal
Apr 7, 2021
Taylor Morrison Home Corp. has acquired 163.72 acres along Loop 303 in Surprise to develop a new master-planned community that will include rental units in partnership with Christopher Todd Communities.
While Scottsdale-based Taylor Morrison (NYSE: TMHC) and Mesa-based Christopher Todd Communities have had a partnership to develop rental communities nationwide since July 2019 and have two projects under construction in the Valley so far, this is the first time Taylor Morrison has bought land to build a master-planned community that will include single-family homes alongside the Christopher Todd Communities rental units.
According to Vizzda LLC, a Tempe-based real-estate database, Taylor Morrison bought the land along Loop 303 from entities tracing to Michael J. Moore for $156,279.14 an acre, or $25.59 million. One parcel is southwest of the southwest corner of Loop 303 and Cactus Road, and the other is northeast of the northeast corner of Loop 303 and Peoria Avenue in Surprise.
Nate Nathan and Courtney Buck of Scottsdale-based Nathan & Associates represented both the buyer and seller in the deal.
"Taylor Morrison is fortunate to have landed one of the last remaining large pieces of residential land along the 303 corridor," Nathan said. "Due to the immense employment activity along the 303 corridor, the timing of the entire development fits perfectly into the continued job growth you will see along the 303 corridor."
More to comeDarin Rowe, national president of Taylor Morrison's build to rent division, said this type of community, which includes single-family homes and build-to-rent units, will be the first of more to come.
"We expect more of this in the future," Rowe said, with land sourcing efforts underway in select markets within Texas, North Carolina and Florida.
The land, which currently serves as a radish farm, is currently being graded, Rowe said. Plans call for home sales to begin in summer 2022 and leasing for the rental units to begin by the end of 2022.
The two other build-to-rent communities Taylor Morrison and Christopher Todd have partnered on are expected to begin preleasing soon, Rowe said. Their first project is called Christopher Todd Communities at Ellsworth and is at University and Ellsworth roads in Mesa, while the second project is called Christopher Todd Communities at McDowell and is at 91st Avenue and McDowell Road in west Phoenix.
Taylor Morrison is building those communities on land Christopher Todd Communities had already owned, Rowe said.
Called Paradisi, the new master-planned community in Surprise is land purchased by Taylor Morrison, where Christopher Todd Communities will lease and manage the 192 single-story rental units to be built on 16 gated acres.
These one- and two-bedroom smart homes will include private backyards in a community that will feature resort-style amenities.
These build-to-rent communities are less dense than typical multifamily apartment units, with no one above or below and no stairs to navigate.
Taylor Morrison's Paradisi also will include more than 700 single-family homes. Of those, Taylor Morrison will build 560 homes ranging from 1,700 to 3,500 square feet, and sell another 150 lots, Row said.
PROVIDED BY CHRISTOPHER TODD COMMUNITIES
By Angela Gonzales – Senior Reporter, Phoenix Business Journal
Need help with rent?
Maricopa County accepting applications Maricopa County is now accepting applications for a new federal Emergency Rental Assistance program to assist those struggling to afford their rent or utility payments just as the nation's eviction moratorium is set to expire at the end of the month.
The announcement, made through a news release Friday, provides $46.1 million to eligible residents living within the county but outside Phoenix, Mesa, Glendale, Chandler and Gilbert.
Those communities will distribute more than $135 million in stimulus funds to residents via their own programs.
“Over the past eight months, Maricopa County has provided an unprecedented amount of assistance to individuals and families struggling to pay their bills, an increase of more than tenfold what we can typically provide,” said Bruce Liggett, Maricopa County Human Services Department director, said in a statement.
The program was part of $900 billion stimulus COVID-19 relief package passed in late December by the federal government. Of that money, $25 billion was allocated for rental assistance to be distributed to states. Arizona was allotted $492 million.
Most of the money, about $290 million, was earmarked specifically for rent and utility payments distributed by Arizona Department of Economic Security.
Cynthia Zwick, executive director of the nonprofit Wildfire: Igniting Community Action to End Poverty in Arizona said in an earlier interview the incoming funds are welcome news but will be unlikely to assist everyone who needs help.
To be eligible for the aid, applicants must meet not only the geographic requirements but have a household income that is at or below 80% of Maricopa County’s median income, $56,050 for a family of three.
Households must also qualify for unemployment benefits or have been affected in some manner because of the COVID-19 pandemic, either through reduced income or increased expenses. They must also demonstrate they are at risk of homelessness or housing instability by providing past due notices.
Arizona is in the midst of a housing and homelessness crisis, which has only worsened since the start of the pandemic last spring. At least 210,000 people in Arizona are at risk for eviction, according to a report from the UA Innovation for Justice program and the National Low Income Housing Coalition.
“The need for help in our community is still immense and housing stability is critically important,” Liggett said. “This new federal funding allows us to continue the important work of supporting families and keeping people in their homes.”
How to apply for rental assistancePeople can apply to the program using the Maricopa County portal. Additional information about the program is available by visiting maricopa.gov/renthelp.
The state is taking applications for renters and landlords in rural Arizona at des.az.gov/ERAP.
In Maricopa County, the county also will administer Scottsdale’s funds because although that city qualified for federal funding, it handed the money off to the county.
Phoenix is taking applications for its $51.1 million renter aid program on March 8. Wildfire, which worked with Phoenix on its 2020 funding to help tenants and landlords, will administer about half of the funds.
Phoenix residents can apply at phoenix.gov/humanservices/programs/emergency.
Mesa is taking applications for its $15.76 million renter program at mesaaz.gov/mesacares.
Chandler and Gilbert residents can apply at azcend.org/community-action-program/. Chandler has $7.9 million in federal funds for renter and Gilbert $7.7 million.
Glendale is taking applications for its $7.6 million to help landlords and tenants at glendaleaz.com/cap.
Metro Phoenix residents in cities that don’t have their own funding for programs can apply to Maricopa County.
By Phoenix Business Journal
Maricopa County accepting applications Maricopa County is now accepting applications for a new federal Emergency Rental Assistance program to assist those struggling to afford their rent or utility payments just as the nation's eviction moratorium is set to expire at the end of the month.
The announcement, made through a news release Friday, provides $46.1 million to eligible residents living within the county but outside Phoenix, Mesa, Glendale, Chandler and Gilbert.
Those communities will distribute more than $135 million in stimulus funds to residents via their own programs.
“Over the past eight months, Maricopa County has provided an unprecedented amount of assistance to individuals and families struggling to pay their bills, an increase of more than tenfold what we can typically provide,” said Bruce Liggett, Maricopa County Human Services Department director, said in a statement.
The program was part of $900 billion stimulus COVID-19 relief package passed in late December by the federal government. Of that money, $25 billion was allocated for rental assistance to be distributed to states. Arizona was allotted $492 million.
Most of the money, about $290 million, was earmarked specifically for rent and utility payments distributed by Arizona Department of Economic Security.
Cynthia Zwick, executive director of the nonprofit Wildfire: Igniting Community Action to End Poverty in Arizona said in an earlier interview the incoming funds are welcome news but will be unlikely to assist everyone who needs help.
To be eligible for the aid, applicants must meet not only the geographic requirements but have a household income that is at or below 80% of Maricopa County’s median income, $56,050 for a family of three.
Households must also qualify for unemployment benefits or have been affected in some manner because of the COVID-19 pandemic, either through reduced income or increased expenses. They must also demonstrate they are at risk of homelessness or housing instability by providing past due notices.
Arizona is in the midst of a housing and homelessness crisis, which has only worsened since the start of the pandemic last spring. At least 210,000 people in Arizona are at risk for eviction, according to a report from the UA Innovation for Justice program and the National Low Income Housing Coalition.
“The need for help in our community is still immense and housing stability is critically important,” Liggett said. “This new federal funding allows us to continue the important work of supporting families and keeping people in their homes.”
How to apply for rental assistancePeople can apply to the program using the Maricopa County portal. Additional information about the program is available by visiting maricopa.gov/renthelp.
The state is taking applications for renters and landlords in rural Arizona at des.az.gov/ERAP.
In Maricopa County, the county also will administer Scottsdale’s funds because although that city qualified for federal funding, it handed the money off to the county.
Phoenix is taking applications for its $51.1 million renter aid program on March 8. Wildfire, which worked with Phoenix on its 2020 funding to help tenants and landlords, will administer about half of the funds.
Phoenix residents can apply at phoenix.gov/humanservices/programs/emergency.
Mesa is taking applications for its $15.76 million renter program at mesaaz.gov/mesacares.
Chandler and Gilbert residents can apply at azcend.org/community-action-program/. Chandler has $7.9 million in federal funds for renter and Gilbert $7.7 million.
Glendale is taking applications for its $7.6 million to help landlords and tenants at glendaleaz.com/cap.
Metro Phoenix residents in cities that don’t have their own funding for programs can apply to Maricopa County.
By Phoenix Business Journal
New hospital planned for Loop 303, Bell Road
Phoenix-based Abrazo Health plans to open a hospital in Surprise, Ariz., this fall, according to the Surprise Independent. The single-story facility will house a 13-bed emergency department, eight inpatient rooms and one operating room. The Abrazo Surprise Hospital will open after the necessary licensure is awarded and inspections are completed.
The new Abrazo Surprise Hospital is slated to open in the fall near Loop 303 and Bell Road in Surprise. Abrazo Surprise Hospital is on track to open this fall at the southwest corner of Bell Road and Loop 303. It will be the city’s first hospital and demonstrates Abrazo Health’s commitment to offering safe, high-quality care in the community, according to a news release.
Abrazo Surprise Hospital will offer emergency care and surgical services in a single-story facility that will include a 13-bed emergency department, an operating room and eight inpatient rooms, along with diagnostic imaging and additional services.
The hospital is designed with an emphasis on quality medical care, convenience, efficiency and shorter emergency room wait times. It will offer access to medical care beyond what’s available at an urgent care or freestanding emergency center, according to Administrative Director Chrissy Salazar, RN.
“Residents of our community still need emergency, preventive and emergency care, even during the current pandemic. Abrazo is laser-focused on patient safety and we want patients to feel safe and comfortable in our hospital. It’s very important to seek care when needed, as delays in care could lead to significant complications in many types of conditions,” Ms. Salazar said.
Phoenix-based Abrazo Health plans to open a hospital in Surprise, Ariz., this fall, according to the Surprise Independent. The single-story facility will house a 13-bed emergency department, eight inpatient rooms and one operating room. The Abrazo Surprise Hospital will open after the necessary licensure is awarded and inspections are completed.
The new Abrazo Surprise Hospital is slated to open in the fall near Loop 303 and Bell Road in Surprise. Abrazo Surprise Hospital is on track to open this fall at the southwest corner of Bell Road and Loop 303. It will be the city’s first hospital and demonstrates Abrazo Health’s commitment to offering safe, high-quality care in the community, according to a news release.
Abrazo Surprise Hospital will offer emergency care and surgical services in a single-story facility that will include a 13-bed emergency department, an operating room and eight inpatient rooms, along with diagnostic imaging and additional services.
The hospital is designed with an emphasis on quality medical care, convenience, efficiency and shorter emergency room wait times. It will offer access to medical care beyond what’s available at an urgent care or freestanding emergency center, according to Administrative Director Chrissy Salazar, RN.
“Residents of our community still need emergency, preventive and emergency care, even during the current pandemic. Abrazo is laser-focused on patient safety and we want patients to feel safe and comfortable in our hospital. It’s very important to seek care when needed, as delays in care could lead to significant complications in many types of conditions,” Ms. Salazar said.
PPP Loans helped nearly 1,500 local businesses
A new Surprise Regional Chamber of Commerce report showed almost 1,500 small businesses in the Northwest Valley have received $155 million in PPP loan assistance.
Based the Chamber’s latest data, the PPP loans helped to retain 6,879 workers in the region (El Mirage, Sun City, Sun City West, Surprise, Waddell and Youngtown.) However, several small businesses in Surprise and surrounding areas are still suffering from the COVID-19 slowdown and waiting for Congress to act on additional bailout money.
“When the previous bailout programs were rolled out there was much confusion and turbulence, and small businesses did not initially fair well,” Chamber President and CEO Raoul Sada said. “The Chamber wants to do its part, making sure that does not happen again, and we are lobbying Capitol Hill for a packages that favor small businesses.”
Key Points:
•The SBA has just released a massive trove of data on PPP loans. This was a significant step forward in transparency by the government, prior to this the SBA resisted requests to share the recipients of the funds. This is why it is so important for the Chamber to hold government officials accountable, and for us to demand transparency at all levels of government (local, state and federal!)
•More than 81,000 Arizona businesses and nonprofits have received forgivable loans through the federal government's Paycheck Protection Program totaling $8.6 billion, according to the U.S. Small Business Administration.
•The Paycheck Protection Program, which was designed to avert mass layoffs during the Covid-19 pandemic.
•PPP loans are not made by SBA. PPP loans are made by lending institutions and then guaranteed by SBA.
•According to the data, 58 businesses in Arizona received between $5 and $10 million, the maximum amount allowed under the program. But the vast majority of loans, approximately 86%, are valued under $150,000.
•Close to 1500 small businesses received PPP loans in the six cities that make up the Chambers service territory. The amount of cash infused into our local economy was over $154 million dollars! Based on application data, the loans help to retain 6,879 workers in our region.
•Approximately 42 businesses were non-profits (2.8% of the recipients)
Based the Chamber’s latest data, the PPP loans helped to retain 6,879 workers in the region (El Mirage, Sun City, Sun City West, Surprise, Waddell and Youngtown.) However, several small businesses in Surprise and surrounding areas are still suffering from the COVID-19 slowdown and waiting for Congress to act on additional bailout money.
“When the previous bailout programs were rolled out there was much confusion and turbulence, and small businesses did not initially fair well,” Chamber President and CEO Raoul Sada said. “The Chamber wants to do its part, making sure that does not happen again, and we are lobbying Capitol Hill for a packages that favor small businesses.”
Key Points:
•The SBA has just released a massive trove of data on PPP loans. This was a significant step forward in transparency by the government, prior to this the SBA resisted requests to share the recipients of the funds. This is why it is so important for the Chamber to hold government officials accountable, and for us to demand transparency at all levels of government (local, state and federal!)
•More than 81,000 Arizona businesses and nonprofits have received forgivable loans through the federal government's Paycheck Protection Program totaling $8.6 billion, according to the U.S. Small Business Administration.
•The Paycheck Protection Program, which was designed to avert mass layoffs during the Covid-19 pandemic.
•PPP loans are not made by SBA. PPP loans are made by lending institutions and then guaranteed by SBA.
•According to the data, 58 businesses in Arizona received between $5 and $10 million, the maximum amount allowed under the program. But the vast majority of loans, approximately 86%, are valued under $150,000.
•Close to 1500 small businesses received PPP loans in the six cities that make up the Chambers service territory. The amount of cash infused into our local economy was over $154 million dollars! Based on application data, the loans help to retain 6,879 workers in our region.
•Approximately 42 businesses were non-profits (2.8% of the recipients)
Surprise Independent News Coverage
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See What Businesses are Open and Their COVID-19 Safeguards Based on a self -reported survey, as on 05/11/2020. Information is subject to change without notice. The collection and dissemination of the data was a combined effort between the City of Surprise and the Surprise Regional Chamber of Commerce. ShopSurprise Receive Special Deals, Promotions and Community Messages from Local Merchants, and your Chamber of Commerce. All messages are sent Directly to Your Phone! Get advance notice of new restaurants, grand openings, community events and more. It's FREE! Enroll Now |
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Chamber’s NW Valley COVID-19 Consumer Survey Results Are In
Survey Results Make the Paper-Click Here to Read the Article Consumers, not the government, will ultimately decide when the economy will open—that is why it is important for citizens and businesses to know what people are thinking. Please share your comments on our Facebook page! Government leaders and public health officials will make decisions, and issue guidance on when we return to work, but truly regaining some semblance of normalcy will be determined by how people feel and what motivates them to act or not act. The Chambers recent survey sheds more light about what consumers are thinking in the NW Valley . Share your comments on our Facebook page Take Our 1-Minute Survey |
Business COVID-19 Survey Results
Survey Makes Front Page of Surprise Independent- Read the Story
CEOs across the globe are coming to terms with the reality that business will be anything but normal over the coming months as the impact of the coronavirus pandemic continues to escalate.
But while revenues are set to suffer a short-term hit, the majority of leaders remain confident that their companies will be back on solid footing within the year, according to a new study on the business impact of the outbreak of COVID-19.
The survey results found that 82% of business leaders expect declines in revenues over the next six months, but more than half (54%) anticipate revenues will be back to normal in a year’s time. And 61% of CEOs expect their total fixed investments to remain unchanged year on year.
How Business Owners are Responding
Among the industries seeing the greatest impact from the fallout are hospitality and travel (89%), education (87%) and media and entertainment (80%). Meanwhile, production firms in agriculture, factories, mines and utilities reported some uptick in revenues.
Nevertheless, business leaders across the board (95%) said they’re taking new measures curb the impact of the virus. That includes communicating more regularly with employees (68%), adopting new health and safety procedures (67%), cancelling major events (64%) and halting business travel (53%).
Meanwhile, other respondents, when asked for their advice for business leaders, recommended the following:
Citation: The Survey was conducted by YPO a global leadership community of more than 29,000 chief executives in 130 countries. Full Press Release
Survey Makes Front Page of Surprise Independent- Read the Story
CEOs across the globe are coming to terms with the reality that business will be anything but normal over the coming months as the impact of the coronavirus pandemic continues to escalate.
But while revenues are set to suffer a short-term hit, the majority of leaders remain confident that their companies will be back on solid footing within the year, according to a new study on the business impact of the outbreak of COVID-19.
The survey results found that 82% of business leaders expect declines in revenues over the next six months, but more than half (54%) anticipate revenues will be back to normal in a year’s time. And 61% of CEOs expect their total fixed investments to remain unchanged year on year.
How Business Owners are Responding
Among the industries seeing the greatest impact from the fallout are hospitality and travel (89%), education (87%) and media and entertainment (80%). Meanwhile, production firms in agriculture, factories, mines and utilities reported some uptick in revenues.
Nevertheless, business leaders across the board (95%) said they’re taking new measures curb the impact of the virus. That includes communicating more regularly with employees (68%), adopting new health and safety procedures (67%), cancelling major events (64%) and halting business travel (53%).
Meanwhile, other respondents, when asked for their advice for business leaders, recommended the following:
- Focus on the facts
- Communicate regularly with employees and stakeholders/customers
- Stabilize supply chains
- Make short-term and long-term plans
Citation: The Survey was conducted by YPO a global leadership community of more than 29,000 chief executives in 130 countries. Full Press Release
USMCA AGREEMENT IS A WIN FOR THE NORTH WEST VALLEY
By any measure, the push to get the U.S.-Mexico-Canada Agreement (USMCA) passed — which preserves and strengthens our economic ties with our neighbors and top two export markets — was a three-year-long process. And it did not happen by accident.
The U.S. Chamber, the Surprise Regional Chamber as well thousands of chambers from around the country put the full weight of our alliances behind this historic effort. A special thank you to all local businesses in our region who contacted their elected officials and encouraged them to support the agreement. The new U.S.-Mexico-Canada Agreement is expected to usher tangible benefits for the NW Valley including agriculture, technology, manufacturing, and other business sectors, industry analysts say.
Here’s a brief overview of what’s in it:
- Country of origin rules: Automobiles must have 75 percent of their components manufactured in Mexico, the US, or Canada to qualify for zero tariffs (up from 62.5 percent under NAFTA).
- Labor provisions: 40 to 45 percent of automobile parts must be made by workers who earn at least $16 an hour by 2023. Mexico agreed to pass new labor laws to give greater protection to workers, including migrants and women. Most notably, these laws are supposed to make it easier for Mexican workers to unionize.
- US farmers get more access to the Canadian dairy market: The US got Canada to open up its dairy market to US farmers, a big issue for Trump.
- Intellectual property and digital trade: The deal extends the terms of copyright to 70 years beyond the life of the author (up from 50). It also includes new provisions to deal with the digital economy, such as prohibiting duties on things like music and ebooks, and protections for internet companies, so they’re not liable for content their users produce.
- Sunset clause: The agreement adds a 16-year sunset clause — meaning the terms of the agreement expire, or “sunset,” after 16 years. The deal is also subject to review every six years, at which point the US, Mexico, and Canada can decide to extend the USMCA.
First-Ever Scorecard Released
Who Made the List? Our first-ever scorecard evaluates the votes of each state senator and representative and represents the positions of the West Valley Chamber Alliance that were communicated to our state lawmakers throughout the 2019 Regular Session. The scorecard helps the business community know where their elected officials stand on issues that affect us all. Click Here for Full Report
The Surprise Regional Chamber of Commerce (Districts 13, 21 and 22) would like to recognize Rick Gray, Frank Carroll, Tim Dunn and Joanne Osborne for having 100% scores in support of pro-business policies.
As a Chamber, we commend those elected leaders with scores above 80% and recognize them as Free Enterprise Champions for recognizing the vital role businesses play and supporting those businesses through common sense, pro-business, and growth-oriented public policy. All elected officials in Districts 13, 21 and 22 earned the Free Enterprise Champion designation which included Rick Gray, Ben Toma, Frank Carroll, Kevin Payne, Tony Rivera, David Livingston, Tim Dunn, Joanne Osborne and Sine Kerr.
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TAKE THE SURVEY NOW
2020 Business Climate Census Survey
Many in our business community are experiencing both challenges and successes as our economy grows. As we work to secure the NW Valley's future, it is crucial that the Surprise Regional Chamber of Commerce understand what issues are most important to businesses. The purpose of the Business Climate Survey is to track trends and issues affecting businesses and to inform elected officials about the issues and concerns of the local business community.
Click Here Now, To Take Our Annual Business Climate Survey
2020 Business Climate Census Survey
Many in our business community are experiencing both challenges and successes as our economy grows. As we work to secure the NW Valley's future, it is crucial that the Surprise Regional Chamber of Commerce understand what issues are most important to businesses. The purpose of the Business Climate Survey is to track trends and issues affecting businesses and to inform elected officials about the issues and concerns of the local business community.
Click Here Now, To Take Our Annual Business Climate Survey
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