Housing Gains Could Grow Black Wealth More Than $500 Billion in a Decade

Zillow

Incremental increases in homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds of billions of dollars over the next decade, according to a new Zillow analysis.  Today's typical Black household has only about 23% of the wealth of a typical white household, down from 34.6% before the Great Recession. … [More]

SBA Launches Supplemental Targeted Advance for Small Businesses Hardest Hit by COVID-19

U.S. Small Business Administration

The U.S. Small Business Administration launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted Advances – on April 22, 2021 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations that have been most severely affected by the economic effects of the COVID-19 pandemic. The … [More]

WEBINAR – Apr 28: Restaurant Revitalization Fund: What Small Businesses Need to Know

NFIB

Join this special webinar to learn all you need to know about the RRF. Who can apply? How to apply? When to apply? What documents are needed to apply? Live Q&A with SBA, Beth, and Holly to answer your questions about small business relief including PPP, ERTC, EIDL and RRF. Please submit your questions ahead of the webinar so we can make sure to answer … [More]

Aviation Part Co. Gains 1.5M Parts from Iberia Maintenance in Largest Acquisition to Date

AvAir

Chandler-based AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has secured their largest acquisition to date with Iberia Maintenance to gain more than 1.5 million consumable parts and 30,000 tagged rotable components. Iberia Maintenance offers Maintenance, Repair and Overhaul services to more than 50 customers worldwide including all IAG … [More]

Celebrate Jazz at MIM This Weekend

Musical Instrument Museum

Indulge your love of all things jazz this weekend at Celebrate Jazz! The entire family can experience West Coast jazz with local band Union32, have fun crafting a microphone, and enjoy delicious treats from food trucks—on site this weekend only! Feel the energy of New Orleans and Cuba with a Latin and early jazz performance from Josiel Perez’s Afro-Cuban All-Stars band on … [More]

Rio Reimagined Celebrates Earth Day with Salt River Community Clean-Up

inbusinessPHX.com

Rio Reimagined, in partnership with Arizona State University, the City of Phoenix and the Arizona Department of Environmental Quality, is hosting a day-long community clean-up at the Salt River on Saturday, April 24 in honor of Earth Day. Phoenix Mayor Kate Gallego and District 7 Councilmember Yassamin Ansari will give welcoming remarks at 9:00 a.m. before the first volunteers … [More]

ADERO Scottsdale Makes the ‘IT’ List

ADERO Scottsdale

Travel + Leisure announced its 2021 It List, featuring the best new hotels and resorts of the past year, and ADERO Scottsdale, an Autograph Collection hotel, managed by Aqua-Aston Hospitality, earned a coveted spot on the illustrious list following its debut as Scottsdale’s first Dark Sky Zone resort in October 2020. The new resort joins Autograph Collection’s diverse and … [More]

Surge in New Listings Signals Potential Relief for Frustrated Home Shoppers

Zillow

New data in Zillow's® Monthly Market Report1 suggests the inventory crunch bedeviling home searchers may be starting to turn around as record appreciation of home values makes it more enticing to sell. Meanwhile, the recovery of rents is gaining broad momentum and touching double-digit annual gains in hot markets like Phoenix and Riverside. Although continued demand for … [More]

Two Million More Economic Impact Payments Disbursed under the American Rescue Plan

Internal Revenue Service

The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they are disbursing nearly two million payments in the sixth batch of Economic Impact Payments from the American Rescue Plan. Today's announcement brings the total disbursed so far to approximately 161 million payments, with a total value of … [More]

Greater Phoenix Chamber Releases Q1 Arizona Business Index

Greater Phoenix Chamber

The Greater Phoenix Chamber recently released the Q1 Arizona Business Index™ (ABI™), powered by OH Predictive Insights (OHPI). “We are especially encouraged by the change in perception related to the pandemic,” said Todd Sanders, president and CEO of the Greater Phoenix Chamber. “Arizona consumers of all ages are showing a willingness to get vaccinated, which will help … [More]

Axis Raintree, a New Speculative Office Building, Opens in Scottsdale

Trammell Crow Co.

The three-story building was designed by RSP Architects and built by Willmeng Construction, and offers 175,112 square feet of Class A office space. Built on a 5-acre site at 8605 E. Raintree Drive, the property is situated roughly 3 miles from Scottsdale Airport and has easy access to the 101 Freeway, with Phoenix located some 22 miles southwest of the asset. Axis … [More]

Rules to Being a Really Lousy Leader: 5 Ways to Have ‘Em Hate You

by Mark Oristano

Bad leaders have something over the good ones. Bad leaders have much better job security. Why? Simple. They run off anybody who is a threat to them before any damage can be done. Bad leadership is an art form. It’s not easy to make yourself into the kind of leader who nobody wants to follow anywhere. And because this underrated art form and the job security that goes with it … [More]

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]

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