SmartRent to Go Public in $2.2 Billion Merger with Fifth Wall Acquisition Corp. I

SmartRent

SmartRent.com, Inc. has entered into a definitive business combination agreement with Fifth Wall Acquisition Corp. I, a special purpose acquisition company (SPAC) sponsored by an affiliate of Fifth Wall, the largest venture capital firm focused on the global real estate industry and proptech. Upon the closing of the transaction, the combined company will be publicly … [More]

SBA Announces First-of-Its-Kind Technology Initiative for Restaurant Revitalization Fund 

U.S. Small Business Administration

The U.S. Small Business Administration announced today the first round of technology partners participating in a new initiative for the Restaurant Revitalization Fund (RRF) - a program that will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their trusted point-of-sale (POS) service … [More]

Greater Phoenix Adds 10,000 Jobs in March

by Eric Jay Toll

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The Greater Phoenix metro area gained almost 10,000 jobs in March 2021 over February numbers in the Arizona Office of Economic Opportunity latest report. The Phoenix workforce grew to 2.2 million in the 13 months since the coronavirus pandemic started. Year-over-year, the metro area workforce is still over 50,000 jobs short of March 2020 … [More]

Nikola Energy and TravelCenters of America to Deploy Hydrogen Fueling Infrastructure

Nikola Corporation

Nikola Corporation, through its Nikola Energy division, and TravelCenters of America Inc., the largest publicly-traded operator/franchisor of full-service travel centers in the United States, have agreed to collaborate on the installation of hydrogen fueling stations for heavy-duty trucks at two existing TA-Petro sites. This collaboration is a first step for the parties to … [More]

Center for the Future of Arizona Releases Report with Results from the 2020 Gallup Arizona Survey

Center for the Future of Arizona

The Center for the Future of Arizona (CFA) released The Arizona We Want: The Decade Ahead report with critical data and valuable insights from the second decennial 2020 Gallup Arizona Survey on April 21. The survey reveals Arizonans agree on seven shared public values, defined as the major issues on which at least 70 percent of Arizonans agree, and identifies 42 specific … [More]

Safe Harbor for Small Businesses to Claim Deductions Relating to First-Round PPP Loans

Internal Revenue Service

The Treasury Department and the Internal Revenue Service issued Revenue Procedure 2021-20 PDF for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct any of the original eligible expenses because they relied on guidance issued before the enactment of tax relief legislation in December of 2020. Under … [More]

U.S. Jobless Claims Fall Again as Employment Picture Strengthens

U.S. Department of Labor

In the week ending April 17, the advance figure for seasonally adjusted initial claims was 547,000, a decrease of 39,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 10,000 from 576,000 to 586,000. The 4-week moving average was 651,000, a decrease of … [More]

Arizona Sports Wagering Law Legalizes Sports Betting

by Alexis Glascock

Governor Doug Ducey signed a bill (HB2772: Sports Betting, Event Wagering) into law on April 15, effectively making Arizona the 26th state to legalize sports betting. Multiple bills aimed at legalizing sports betting have failed in recent years, but this session has brought a success that will increase revenue for both the state and tribes. Sports betting’s popularity has grown … [More]

American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines

Internal Revenue Service

The Internal Revenue Service and the Treasury Department announced today further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations. The additional details, provided in a fact sheet released today, spell out some basic facts about the … [More]

Arizona Department of Gaming Preparing Rules to Quickly and Responsibly Implement New Gaming Opportunities

Arizona Department of Gaming

The Arizona Department of Gaming (ADG) has begun drafting rules for new forms of gaming in Arizona following Governor Doug Ducey’s signing of historic legislation and an amended Tribal-State Gaming Compacts (Compacts). These actions pave the way for modernized gaming in Arizona and will soon generate millions of dollars in new revenue for essential public services. Last … [More]

The Secrets to Big Fish Selling

by Jill J. Johnson, MBA

A Big Fish is anyone who is of a higher stature than you normally play with, and if you land them, it will move you into a whole new level of clientele. They may be spending bigger money and, as a result, they will expect that you have the professionalism to satisfy their needs. Yet Big Fish have so many people who want to work with them that they are often even more demanding … [More]

WEBINAR – Apr 29: Community Dialogue – We are not Silent: Stories & Support for the AAPI Community

Diversity Leadership Alliance

This special edition community dialogue will be a safe space and place to listen and learn while acknowledging the frustration, pain, and fear that many have experienced and witnessed in their Asian American and Pacific Islander communities. We will then harness that energy and focus it on change while addressing critical short and long-term strategies to transform the systemic … [More]

Can Phoenix Become America’s Semiconductor Capital?

inbusinessPHX.com

Over the past 30 years, the share of global semiconductor manufacturing capacity in the U.S. has dropped from 37 percent to 12 percent, according to the Semiconductor Industry Association. In light of the global semiconductor shortage, however, the U.S. is becoming more aware of the need to strengthen its chip manufacturing ecosystem. Thanks to a large existing cluster of … [More]

Nearly 30,000 Appointments Still Available at State COVID-19 Vaccination Sites

Arizona Department of Health Services

Think you have missed out on vaccination appointments available this week in Phoenix, Tucson and at state sites elsewhere? Think again. As of late this morning, nearly 30,000 appointments posted last Friday for all sites were still available to those visiting podvaccine.azdhs.gov or calling 844-542-8201. At the University of Arizona site in Tucson, for example, nearly 80% … [More]

Bounce Back Endures: February Continued Single-Family Rent Growth but Recovery is Unbalanced, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. February 2021 data shows a national rent increase of 3.9% year over year, up from a 3% year-over-year increase in February … [More]

Modern Industrial Commerce Center at the Glen Harbor Airpark Completed

LGE Design Build

LGE Design Build, a full-service design-build firm, recently completed construction on the 388,621 square-foot industrial development – Northern 101 Commerce Center. Conveniently located adjacent to the Loop 101 freeway and Northern Pkwy, Northern 101 is situated on two neighboring sites, totaling 30-acres, at 7860 N. 106th Ave. in Glendale. It is easily accessible to the … [More]

CDC Small Business Finance Is Top Arizona SBA Lender after Fiscal Year 2021 2Q

CDC Small Business Finance

CDC Small Business Finance, a community leader in the economic development field, is the No. 1 U.S. Small Business Administration lender in Arizona among 7A and 504 firms after the fiscal year 2021 second quarter. The Arizona district office of CDC, which was named the state’s SBA 504 Lender of the Year for the third straight year in 2020, closed 55 loans totaling $49.67 … [More]

University of Phoenix to Sponsor Arizona Hispanic Chamber of Commerce Buenos Dias Networking Webinar

Arizona Hispanic Chamber of Commerce

University of Phoenix will sponsor the Arizona Hispanic Chamber of Commerce Buenos Dias Networking Webinar Thursday, April 29 2021, at 10 a.m. MDT discussing COVID-19’s impact on Arizona women. The COVID-19 pandemic has deepened inequalities to women’s safety, health and economic empowerment, which could set back women for decades. University of Phoenix and Arizona Hispanic … [More]

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