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Industries and Employment in Phoenix
- Phoenix has diverse large employers in education, government, healthcare, technology, manufacturing, and the military.
- Tourism, business services, and back-office operations are also important sectors.
- Manufacturing includes computers, aircraft parts, and processed foods.
- The military has a presence in Phoenix with Luke Air Force Base.
- Industries by neighborhood include agriculture.
- The unemployment rate is decreasing due to Phoenix’s high number of job opportunities.
Phoenix Companies Overview
- A phoenix company legally emerges from an insolvent business.
- It trades similar activities under the appearance of "business as usual".
- A phoenix company may be innocent or abusive.
- These offenders selectively pay debts.
- The law allows owners and directors of insolvent companies to set up new companies if not bankrupt.
- This happens when an insolvent business and assets are bought and used to find a new company.
- A phoenix business is legal if assets, obligations, and laws are handled correctly.
- Some directors improperly sell assets to themselves, not creditors.
- Current laws prevent this.
