Construction Industry Seen as Biggest Reason for Arizona’s Economic Struggles | Legal News | News Ticker
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- Construction Industry Seen as Biggest Reason for Arizona’s Economic Struggles | Legal News | News Ticker
Everyone who lives in Arizona understands that the economy has struggled as mightily as it has in generations. While individual residents of Arizona look for ways out from under mounting financial stress, others are attempting to identify why the economy has taken such a downturn in recent years. One way to look at this issue is through statistical analysis, and when doing so with the Gross Domestic Product, or GDP of Arizona, identifying the industries that have suffered the most becomes very clear.
In the last two years, the construction industry in Arizona has fallen off at historic rates. Specifically, the amount of overall revenue generated by the construction industry in Arizona fell by more than 20 percent between 2008 and 2009. This enormous drop led to a massive loss of jobs, innumerable loan defaults and the filings of countless Arizona bankruptcies. However, the construction industry was not the only one that suffered during this time period. Other industries that suffered immensely during this time period include:
- Real estate
- Administrative services
- Waste services
None of the entrants on this list should be a surprise, but when all of these industries that combine to form the foundation of Arizona’s economy suffer, so to will the state’s residents.
Arizona Bankruptcy Lawyers
As stated above, these negative trends have very real effects on the Arizona resident who suddenly finds him or herself without a job, with a declining home value and with bills that cannot be paid. If this includes you, it’s time to take the first step towards your own form of financial recovery with the completion of an analysis of your overall financial picture.
The Phillips Law Group recommends the experienced bankruptcy attorneys atMontano Arentz & Associates, PLLC for all of your bankruptcy needs. Call today to schedule a free initial consultation!
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Positive: Professionalism, Quality, Responsiveness, Value As someone who is familiar with the inner workings of the auto insurance industry I can whole heartedly endorse Steven J. Jones and Phillips law group as someone I would want on my side should litigation take place. They handled my case professionally, honestly, and with satisfactory results which I would not have expected without enlisting their help.
Kathy Hudson and Donato Giovanatto. Continues to go above and beyond the call of duty. Reaching out to the insurance company about the damage to the vehicle. Forcing them to take responsibility.
Phillips Law Group does so much for the community!!! I especially enjoy seeing Juan Roque out there. This gentle giant always has a smile on his face and is a part of a caring and giving team.
My paralegal , Caroline , was on top of her game - very responsive and always answered any questions I had and in a timely manner . My attorney Rob ,was the best attorney I ever had . He explained everything in great detail and had a great sense or humor . He really knows how to bring light To tough , unfortunate situations - I would absolutely recommend them at anyone -
Liz was great
Working at Phillips Law Group has been great the 1st few years in I noticed how well organized and run this Firm was from Intake to Settlement the Client has the expertise of a staff member uniquely qualified for the particular stage of each Clients claim and all other Law firms try to emulate what we do here but none quite get it right because they lack one major component “Compassion”. We are a FAMILY not just a group of people/employees. We care deeply about each other and our clients’ we are considerate, compassionate and make sure that all our Clients’ needs are met from beginning to end. That’s because we treat our clients just like we treat each other. Nothing like walking through the office and saying Hello to fellow employees who always seem to be smiling. 16yrs in and it only seems to be getting better.
It’s an Honor and a Privilege to work for a company that cares about its employees and clients for 12 years. I’ve seen Management go out of their way to help someone whether it’s a personal matter or work related. I am also reminded of many occasions where a Client needed urgent help and we as a Team were able to get the person immediate assistance. At Phillips Law we make that happen through Teamwork and a dedication to our profession. I’ve had numerous jobs in several other fields, those were just jobs. This is a home. Many of us have been here for quite a few years, it feels like one large extended family.
I enjoy my work day here at Phillips Law Group and generally speaking I love my clients. Every day brings a new client or task to keep me on my toes. Administration keeps open communication and is hilarious most of the time! I love the way we celebrate FRIDAY, holidays and birthdays and how everything is so competitive. All in all I’m so fortunate to be here and I enjoy what I do.
Jon Jamieson was amazing to work with . He came through with all of his promises.
I’ve been working at Phillips Law Group for nearly four years and I can confidently say this is the best personal injury firm in Arizona to work for. The firm is the best for numerous reasons but to start, Phillips Law Group gives employees opportunities for promotions and growth. I started working within the settlement department, moved to a paralegal assistant and grew to be a pre-litigation paralegal with my own case load. Each attorney I have worked for is extremely knowledgeable, friendly, and easy to talk to. Secondly, I love how Phillips Law shows appreciation for employees. They host Friday Zoom Huddles giving out PTO, goodie bags, special shout outs, bonuses and gift cards. They also host extravagant holiday parties and fun contests during the Holidays! Lastly, the firm cares about giving back to the community, which is a trait I value as well. It’s rewarding to see a fast paced firm taking time out of their busy day to pay it forward. I would highly recommend working at Phillips Law Group!