Arizona Banks Ask Consumers to Deposit, Use Spare Change Due to Coin Shortage

Arizona Bankers Association

Time to empty out the piggy banks to help small businesses. Arizona banks are asking consumers to deposit their spare change at their local bank or coin-cashing machines as the pandemic-related shutdowns has created a coin shortage. When COVID-19 restrictions went into place, establishments like retail shops, bank branches, and laundromats—the typical places where coin … [More]

$300,000 in CARES Act Funding to Boost NAU’s Capacity amid Pandemic

U.S. Department of Commerce Economic Development Administration

The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $300,000 CARES Act Recovery Assistance grant to Northern Arizona University, Flagstaff, Arizona, to boost their capacity to support regional economic development strategies in response to the coronavirus pandemic. “The Trump Administration is eager to allocate these essential CARES Act … [More]

WEBINAR – July 20 to 24: Arizona Small Business Boot Camp and Collective

Arizona Commerce Authority

UPCOMING SESSIONS Please join us for next week's Boot Camp sessions. If you missed any sessions this week, watch here. SESSION 56: MONDAY - July 20 | 9:00 AM Innovative Workforce Solutions to Return Stronger Join us for a session that will highlight how ARIZONA@WORK partners with local employers and small business owners, providing … [More]

Drive-in Site to feature ‘Footloose,’ ‘Moana’ and ‘Bill & Ted’s Excellent Adventure’

Pop Up Events

Steve LeVine Entertainment & Public Relations’ (SLE) announces its social distancing, drive-in events venue at WestWorld of Scottsdale has added three new feature films to its summer movie series. Upcoming movies include the popular 2011 remake of “Footloose” starring Kenny Wormwald and Julianne Hough, the beloved Disney princess film “Moana” with Dwayne “The Rock” … [More]

Small Business Org’s ‘Growth Grant’ Fund Gets Support, Helps Businesses in Need

National Association for the Self-Employed

With the mission of supporting the small business community, the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-business community, today announced that Dell, an American multinational technology company headquartered in Round Rock, Texas, will sponsor the association’s Growth Grant program in July. … [More]

Main Street Lending Program Modified to Provide Credit for Nonprofits, Education, Hospitals, and Social Services

Federal Reserve Board

The Federal Reserve Board on Friday modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. As detailed in term sheets released today, the Board approved two new loan options to provide support to a broad set of nonprofit organizations that were in … [More]

Nonprofit Lending Division Receives $55 Million New Markets Tax Credits Award

Chicanos Por La Causa

Prestamos CDFI, Chicanos Por La Causa’s mission-driven lending division, has been awarded $55 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. Prestamos is a leading Community Development Entity that provides capital and business education to businesses and community facility projects … [More]

Changing CEO Before IPO May Raise Valuation

Rice University's Jones Graduate School of Business

New research from Rice University's Jones Graduate School of Business shows that a change in leadership before a startup’s initial public offering (IPO) can increase its valuation and performance. Yan “Anthea” Zhang, professor and the Fayez Sarofim Vanguard Chair of Strategic Management at the Jones School, and co-author Salim Chahine of the American University of Beirut … [More]

Ducey Extends COVID-19 Eviction Protections, Expands Rental Assistance Access

State of Arizona Office of the Governor

Governor Doug Ducey signed an Executive Order extending a moratorium on residential evictions until October 31, 2020, providing continued protections for renters who are facing economic hardship as a result of COVID-19. The order ensures renters impacted by COVID-19 will be able to stay in their homes while extending the time to access rental assistance … [More]

Popular Restaurant Provides Meals for Greater Phoenix-Area First Responders

Casa Amigos

Casa Amigos, the popular restaurant in the heart of Scottsdale's entertainment district, is supporting local police and fire departments in the Greater Phoenix metro area by donating free meals to first responders supporting our community. Casa Amigos, and parent company Evening Entertainment Group, recognize the importance of their partnership with the police and fire … [More]

Five Legislative Priorities Help Ensure Small Businesses Have Necessary Resources and Protection for Recovery

NFIB

As small businesses continue efforts to reopen and Congress and the Administration prepare the next phase of legislation, the National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, issued a plan, “NFIB Phase Four Legislative Priorities for Small Business Recovery,” today. The plan lays out five legislative priorities to … [More]

Walgreens and DoorDash Delivery Collaboration to Start in Phoenix This Summer

by Mike Hunter

Walgreens and DoorDash, the nation’s leading last-mile logistics platform, announced a new collaboration to offer on-demand delivery to customers in select cities with plans to expand to markets throughout the country. Today, customers in the Chicago, Atlanta and Denver areas can order on-demand delivery from Walgreens through the DoorDash app and website, selecting from an … [More]

Weekly Jobless Claims Up by more than 1 Million, 17th Straight Week

U.S. Department of Labor

In the week ending July 11, the advance figure for seasonally adjusted initial claims was 1,300,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,314,000 to 1,310,000. The 4-week moving average was 1,375,000, a decrease of 60,000 from the previous week's revised average. The previous week's average was … [More]

Innovative Housing Plan ‘Home Matters to Arizona’ Gets Support from Valley Healthcare Co.

Magellan Health, Inc.

Magellan Health, Inc. (NASDAQ: MGLN) today announced its managed care health plan subsidiary, Magellan Complete Care (MCC) of Arizona, has committed to participating in the launch of the Home Matters to Arizona alongside several health plans throughout the state. Home Matters to Arizona will support a new generation of connected communities, healthier individuals, families and … [More]

Old Town Scottsdale to Get First New Hotel in Over a Decade

Canopy by Hilton

There’s a new era on the horizon for Old Town Scottsdale, Ariz. as the team behind the coming-soon Canopy by Hilton Scottsdale Old Town announced today that the property is nearing completion and is expected to open its doors in late September, marking what will be the first new-build hotel opening in the area in more than a decade. Designed as a natural extension of … [More]

Online Trading Academy Opens New Peoria Location

Online Trading Academy

Online Trading Academy opened its newest location in Peoria, Ariz. Locally owned and operated by Aaron Warby, Ammon Warby, Tate Buntz and Timothy Tormey since 2018, Online Trading Academy will continue to offer education for investors looking to increase their financial market knowledge. “It’s encouraging to watch new and experienced investors gain new knowledge through our … [More]

Goodwill Merger Brings Arizona Expertise to Out-of-State Entity

Goodwill of Central and Northern Arizona

Goodwill of Central & Northern Arizona and Goodwill Industries of Monocacy Valley jointly announced today that the merger was approved by their board of directors and Goodwill Industries International, Inc.  The two organizations will combine operations effective immediately. “We are very excited to leverage our resources and strengthen our collective impact to help more … [More]

Award-Winning SCALE UP Program Announces 2020-2021 Virtual Series

Local First Arizona

SCALE UP (Sustainable Communities Accessing Lending and Expertise Upon Performance) is an award-winning program under the Local First Arizona Sustainability umbrella that offers a comprehensive, hands-on educational series for locally-owned businesses looking to create a sustainable business model centered on tackling existing environmental and societal issues. “Arizona’s … [More]

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