Arizona Department of Financial Institutions issues three mortgage banker licenses in zip code 85251 during August

The Arizona Department of Financial Institutions issued three mortgage banker licenses in the zip code 85251 during August, according to the State of Arizona.

More than 99 percent of Arizona's businesses are considered small with more than 40 percent of Arizona employees working for small businesses, according to the U.S. Small Business Administration.

A study by Civic Economics found that when $100 is spent at a locally-owned business, that business puts $47 back into the local economy while the total is just $13 for non-local businesses.