How Minority-Owned Small Businesses Can Gain a Competitive Edge with a Diversity Certification

by Edgar R. Olivo

If you own a small business and are part of a certain demographic group, your business could qualify for a diversity certification, which will grant you access to special grants, supplier programs and large contracts. This is a great way to grow your business when you plan to sell to other businesses or the government. As diversity becomes an ever-increasingly important topic … [More]

Comerica Expands Community Development Lending Program

Comerica Bank

Comerica Bank announced it will expand its community development lending program, specifically as it relates to affordable housing. Comerica plans to strengthen access to capital assistance for nonprofit and for-profit developers of Low-Income Housing Tax Credit (LIHTC) projects. The program will focus on increasing the availability of affordable multifamily housing for … [More]

Financial Institutions Provide $50,000 towards Pandemic Lung Health Initiatives  

TruWest Credit Union

Responding to the need for lifesaving research and education to help put an end to the COVID-19 pandemic, TruWest Credit Union and the Federal Home Bank of San Francisco (FHLBank San Francisco) have partnered to help fund the American Lung Association’s COVID-19 Action Initiative.  The credit union’s past year’s donations qualified for a matching grant from FHLBank San … [More]

J.P. Morgan Wealth Management to Hire over 100 Financial Advisors in Phoenix Metro Area by 2022

J.P. Morgan Wealth Management

J.P. Morgan Wealth Management announced plans to hire more than 100 financial advisors in the Phoenix metro area by 2022, highlighting the bank’s commitment to growth in Arizona. The new employees will work in J.P. Morgan’s growing U.S. wealth management business, with a focus on offering professional financial advice for clients who prefer to engage via video and … [More]

JPMorgan Chase Makes $475,000 Grant to Arizona Hispanic Chamber Foundation to Help Underserved Small Business Owners

inbusinessPHX.com

JPMorgan Chase announced a $475,000 grant for the Arizona Hispanic Chamber of Commerce (AZHCC) for its implementation of Ascend Phoenix, a program to help grow small businesses owned by Black, Latinx and other underserved entrepreneurs, boost their long-term success and create inclusive economic growth. Ascend Phoenix seeks to assist underserved small businesses by providing … [More]

6 Ways the American Rescue Plan of 2021 Will Help Small Businesses

by Edgar R. Olivo

The American Rescue Plan hopes to bring more resources to small businesses with new and expanded grant programs. The Senate approved President Biden's $1.9-trillion coronavirus relief plan Saturday, creating additional aid for American small businesses. The bill is now up for a revote by the House of Representatives with the updated revisions from Congress before it goes to … [More]

New Program Offers No-Interest Loans to Small Businesses

BBB Serving the Pacific Southwest

Help has arrived for entrepreneurs in Phoenix to boost their businesses with access to affordable capital. Better Business Bureau Serving the Pacific Southwest (BBB) has partnered with GoDaddy Inc. (NYSE: GDDY) and the City of Phoenix to launch the Phoenix Kiva Hub, which provides zero percent interest loans to small businesses unable to access traditional capital. The Kiva … [More]

When Cash Is Devalued, Where Should Investors Look for Salvation?

inbusinessPHX.com

With a difficult 2020 receding into the past, investors are left to wonder what lies ahead for them, the economy, and their portfolios in 2021. Unfortunately, they may find that some investing decisions are still tied to the events of last year. Because of how the COVID-19 pandemic affected the economy, the Federal Reserve saw to it that enormous amounts of money were … [More]

Amid Economic Uncertainty, Businesses Embrace Change, Strengthen Resolve, Survey Finds

JPMorgan Chase & Co.

In a year filled with unforeseen and unparalleled challenges, small and midsize U.S. business leaders are showing resilience by remaining nimble, accelerating digital adoption and using lessons learned to plan for continued economic uncertainty, according to the annual JPMorgan Chase Business Leaders Outlook survey released today. While the majority of businesses surveyed … [More]

AI Startups Raised $73.4B in Total Funding, Over $15B of Investments in 2020

StockApps

As one of the hottest sectors, artificial intelligence continues revolutionizing and automating industries worldwide, transforming how companies operate, manage their finances, build customer relations, and gather and analyze data. The rise of artificial intelligence technology has been followed by the growing number of AI startups looking to expand their business by … [More]

Local Lending Co. Closes $5M for California-Based Staffing Firm

FSW Funding

A long-standing California-based staffing company was having issues with their current lender and was seeking a more partnered relationship.  Many issues were raised in their current financing arrangement and the owners felt that it was time to make a change.  While there were many competitors at the table, FSW Funding emerged as the best fit and was a lender that could meet … [More]

Survey Shows 95 Percent of U.S. Households Were Banked in 2019

Federal Deposit Insurance Corporation

A record 95 percent of U.S. households had a bank or credit union account in 2019, according to a new biennial survey and report released today by the Federal Deposit Insurance Corporation (FDIC).  How America Banks: Household Use of Banking and Financial Services also found that a record low 5.4 percent of U.S. households were unbanked in 2019. Since 2009, the FDIC has … [More]

City of Tempe Opens Grant Program to Businesses in Industries Most Impacted by COVID-19

City of Tempe

The City of Tempe is providing businesses in industries most impacted by the effects of COVID-19 with grants up to $10,000*. The Tempe Small Business Grant Program will provide qualifying businesses with $1,300 per full-time employee up to a maximum of $10,000, whichever amount is less. The City of Tempe established the program to assist in the stabilization of existing … [More]

BBB Pacific Southwest Awards Small Businesses With Much-Needed Grants

BBB Serving the Pacific Southwest

Vulnerable small businesses, working families, women-owned businesses and communities of color continue to be severely impacted by COVID-19. In April, the Main St. Matters Grant Program was launched by Better Business Bureau Serving the Pacific Southwest (BBB) to support local businesses experiencing financial hardship. The program awarded 24 additional grants in September, … [More]

Green Light for Arizona’s First New Community Bank in 12 Years

Scottsdale Community Bank

Scottsdale Community Bank (in organization) has received conditional approval from the Federal Deposit Insurance Corporation (FDIC) to establish Arizona’s first new community bank in 12 years. “This is a very exciting achievement for our outstanding organization and is a strong signal for positive economic development in the City of Scottsdale and the State of Arizona, … [More]

Nonprofit Housing Counseling Agency Provides Guidance to Arizona Residents Looking to Purchase or Rent a Home

Take Charge America, Inc.

In response to ongoing economic impacts of COVID-19, Phoenix-based Take Charge America has made its one-on-one housing counseling services free through the end of October. “Whether facing eviction, shopping for a home in a tight market or experiencing anxiety about foreclosure or mortgage default, people are experiencing a wide range of struggles related to … [More]

Are You Thinking of Selling Your Business? 4 Steps to Get Your Small Business Ready for an Investor

by Edgar R. Olivo

Cashing out or retiring during the pandemic is a real consideration that small-business owners have to face as they worry it will be more difficult in the years to come. The good news is that many investors are always looking for opportunities, especially during difficult times. According to a report by BizBuySell, many essential businesses have seen their revenues and … [More]

Only Arizona-Based Credit Union Named SBA Preferred Lending Partner

Arizona Federal Credit Union

Arizona Federal Credit Union announced today it has been designated an SBA Preferred Lending Partner (PLP) by the U.S. Small Business Administration, and is the only Arizona-based credit union with SBA PLP status. As an SBA preferred lender, Arizona Federal has the authority to approve its SBA-guaranteed loans, which simplifies and expedites the SBA-loan approval process for … [More]

BBB Pacific Southwest Continues to Award Vital Grants to Small Businesses 

BBB Serving the Pacific Southwest

As reopening orders slowly come into effect across state lines, businesses continue to face financial strains until some form of normalcy exists. Better Business Bureau Serving the Pacific Southwest (BBB) has awarded an additional $21,500 through its Main St. Matters Grant Program to businesses experiencing hardship, bringing the total to over $100k granted since its … [More]

Phoenix Grant Expansion Lets Hundreds More Small Businesses Apply for Covid-19 Cash 

City of Phoenix

More small businesses are now eligible to apply for relief under the Phoenix Small Business Resiliency Grants Program. Previously ineligible companies are now able to seek grants up to $10,000 and commercial city service bill offsets, thanks to action by the Phoenix City Council. The changes modify business longevity requirements and expand the range of Covid-19-impacted … [More]

In Business Dailies

Get your twice-daily dose of all you need to Grow Your Business.
  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events
Free sign up for 2021.
Don’t miss out!