Stimulus Archives - Greater Phoenix In Business Magazine

Government & Compliance | Stimulus | October 26 2020

Phoenix Expands COVID-19 Business Relief Grant Eligibility, Grants End Oct. 30

City of Phoenix

Small businesses with 25 or fewer employees in the city of Phoenix can now apply for grants up to $10,000 to offset lost revenue during the Covid-19 pandemic. The opportunity to apply for a grant ends Friday, October 30 at 5 p.m. With just over $1 million left to award, the Phoenix City Council approved the expanded eligibility requirements to allow more businesses to … [More]

Government & Compliance | Stimulus | October 22 2020

Now Open: Phoenix Funds RISE Microbusiness Grant Program for Hardest Hit

City of Phoenix

Small, neighborhood businesses are the backbone of our community, but they have been hit hard by COVID-19. The city of Phoenix is mobilizing $2 million of federal funds to be distributed to some of the hardest hit of the small neighborhood businesses. The newly announced funds for the Phoenix RISE Microbusiness Grant are reserved for business owners in low-and moderate-income … [More]

Banking & Finance | Stimulus | October 14 2020

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]

Banking & Finance | Stimulus | October 13 2020

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]

Government & Compliance | Stimulus | October 9 2020

SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less

U.S. Small Business Administration

The U.S. Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of … [More]

Government & Compliance | Stimulus | October 8 2020

Applications for Arizona Small Business Rent and Mortgage Relief Grants Reopen Oct. 8

Local First Arizona

In August, the Governor’s Office partnered with Local First Arizona Foundation to launch the Arizona Small Business Rent and Mortgage Relief Grant program and distribute $10 million in grants to small businesses who were required to shutter their doors during this pandemic. Starting Oct. 8, 2020, at 2 p.m., applications will reopen for gyms, fitness centers and studios, bars … [More]

Banking & Finance | Stimulus | September 8 2020

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]

Government & Compliance | Stimulus |

Arizona Rent and Mortgage Relief Grant Program Accepting Applications Aug. 20

Local First Arizona

The Governor’s Office is partnering with Local First Arizona Foundation to launch the Arizona Small Business Rent and Mortgage Relief Grant program and distribute $10 million in grants to small businesses who have had to shutter their doors during this pandemic. The partnership leverages the grantmaking experience and small business expertise of Local First Arizona Foundation, … [More]

Growth & Enterprise | Stimulus |

BBB Serving the Pacific Southwest Awards $40k to Arizona Nonprofits

BBB Serving the Pacific Southwest

Better Business Bureau Serving the Pacific Southwest (BBB) recently concluded their inaugural Empower By GoDaddy business incubator program. Twenty-eight entrepreneurs graduated from the program, and an additional eleven Arizona nonprofits were awarded subgrants to further their business development in the community. Awardees were chosen as leaders in the business community … [More]

Government & Compliance | Stimulus |

Child Care Grant Program for Licensed Providers during COVID-19 Pandemic Announced

Arizona Department of Economic Security

Governor Doug Ducey and the Arizona Department of Economic Security (DES) announced today a Child Care COVID-19 Grant Program to provide more than $47 million of financial assistance to licensed child care providers to help cover costs during the COVID-19 pandemic. The assistance will support Arizona’s child care network, help providers to stay open or reopen, supplement the … [More]

Government & Compliance | Stimulus |

$1.2 Million in CARES Act Funding to Boost Economic Development Programs in Arizona

U.S. Economic Development Administration

U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $1.2 million in CARES Act Recovery Assistance grants to three EDA Economic Development District organizations across Arizona to update economic development plans and fortify programs to assist communities in responding to the coronavirus pandemic. “The … [More]

In Business | Stimulus | July 28 2020

Scottsdale City Council Approves Arts and Culture Coronavirus Grant Program

Scottsdale Arts

The Scottsdale City Council has approved $1.5 million from the city’s Federal CARES Act funding to help nonprofit arts and culture organizations affected by the coronavirus pandemic. Grant funding will support programming and safe, alternative facilities reopening. “Scottsdale has always appreciated and supported arts and culture activities – they’re a vital part of our … [More]

In Business | Stimulus | July 22 2020

Ducey Asks for Extended Unemployment, Utility Assistance, Liability Protection

State of Arizona Office of the Governor

Governor Doug Ducey sent a letter to the Arizona Congressional Delegation providing his input on the next phase of the COVID-19 relief package being discussed in Congress. In the letter, the Governor requested an extension of the Federal Pandemic Unemployment Compensation, which is set to expire this month. In addition to discussing unemployment assistance, the Governor also … [More]

In Business | Stimulus | July 20 2020

Streamlined Forgiveness for Smallest PPP Recipients Has Bipartisan Support

Rick McCartney

Treasury Secretary Steven Mnuchin last week indicated he would support a bipartisan effort being led by Sens. Cramer, Menendez, Tillis and Sinema for streamlined forgiveness for Paycheck Protection Program loans for the smallest loan recipients. The most recent coverage on the need for simplified PPP forgiveness for mom-and-pop small businesses is below: A bill that would … [More]

In Business | Stimulus | July 17 2020

$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]

In Business | Stimulus | July 17 2020

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]

In Business | Stimulus | July 17 2020

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]

In Business | Stimulus | July 13 2020

First Responders Get Mental Health Support from Crisis Fund

State of Arizona Office of the Governor

Governor Doug Ducey today announced $120,000 for Heal the Hero Foundation, supporting its work to mitigate the mental health impacts facing first responders during COVID-19. Heal the Hero Foundation offers technology-based mental health support—along with community education, research and training—for veterans, first responders and abuse survivors. The foundation also provides … [More]