Friday, July 25 2014 2:48 AM EDT2014-07-25 06:48:09 GMT
Prominent HIV/AIDS researchers were among the 298 victims identified aboard flight MH17. To honor their legacy, the Chattahoochee Valley Better Way Foundation is hosting a candlelight vigil. We spokeMore >>
The Chattahoochee Valley Better Way Foundation to host candlelight vigil to honor top HIV/AIDS researchers killed in Malaysia Airlines Flight 17 on July 18th, 2014. More >>
Friday, July 25 2014 12:41 AM EDT2014-07-25 04:41:41 GMT
Montgomery police say two people were injured when the vehicle they were traveling in hit a tree Thursday night. Sgt. Denise Barnes with the Montgomery Police Department says the single-vehicle crashMore >>
Montgomery police say two people were injured when the vehicle they were traveling in hit a tree Thursday night.More >>
It's been about six years since the bubble burst and the nation's economy fell apart. Almost overnight, 53 percent of Valley homeowners were underwater on their mortgage and more than 380,000 workers in the area were out of a job. Now that's beginning to turn around.
"We're probably going to be the number one market in the country for attracting business in 2013 and 2014," said President of the Greater Phoenix Economic Council, Barry Broome.
Although companies are choosing to do business in Arizona, Broome told CBS 5 News it will be 2015 before job numbers will be what they were before the recession.
Broome explained that the type of growth the state is experiencing is different than anything we've seen since the 1940's and 1950's.
"You're seeing companies coming from China, more international, smarter companies, better companies but not at the volume we need to replace our dependency on housing," said Broome.
Broome said some major improvements need to be made before the Valley's job market can really thrive.
"We have to build a plan to be serious about education and serious about science. We don't have the budget to do that. But in the next 12 to 18 months as the markets recover there will be a path forward for those types of investments and we need to do those as a state," said Broome.
Broome told CBS 5 News to expect the job announcements to continue, he said there will be one every week for about the next two months.
Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.
Economic council: AZ job market better but far from what it wasMore>>