Small business owners are currently inundated with an overload of financial relief options available to alleviate the detrimental impacts of the Coronavirus (COVID-19) pandemic. With this influx of crucial information, Better Business Bureau Serving the Pacific Southwest finds it vital to help guide companies as they navigate potentially business-saving options. In … [More]
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In Business | Stimulus |
In Business | Stimulus |
Urge for More Stimulus for Paycheck Protection Program and Economic Injury Disaster Loan Program
Small Business Administration
U.S. Treasury Secretary Steven T. Mnuchin and U.S. Small Business Administration Administrator Jovita Carranza issued the following statement regarding the Paycheck Protection Program and Economic Injury Disaster Loan Program: “The SBA has processed more than 14 years’ worth of loans in less than 14 days. The Paycheck Protection Program is saving millions of jobs and … [More]
In Business | Stimulus |
New Main Street Lending Program Boosts Business Owners
CBIZ - Phoenix
On Thursday, April 9, 2020, the Federal Reserve announced additional financing solutions up to $2.3 trillion in loans to support organizations, banks as well as state and local governments. One solution in particular, the Main Street Lending Program will ensure that financial credit continues to be a source for small and mid-sized organizations. The Main Street Lending … [More]
In Business | Stimulus |
$10K COVID-19 Relief Grant Now Available for Phoenix Small Businesses
Rick McCartney
There is a new $10,000 grant to help with financial relief for small and very small businesses. Companies located within the city of Phoenix can apply for a Small Business Relief Grant of up to $10,000 from the Phoenix IDA in coordination with the City of Phoenix. “Small business owners are hurting, and we’re offering assistance to businesses to keep employees working and … [More]
In Business | Stimulus |
Online SNAP Purchases Okayed through Amazon and Walmart for Arizonans
State of Arizona Office of the Governor
Governor Doug Ducey announced that Arizonans currently receiving food assistance through the Supplemental Nutrition Assistance Program (SNAP) will be able to use benefits for online food purchases with currently-authorized SNAP online retailers, Walmart and Amazon. This change will help limit social interaction for Arizona’s most vulnerable while ensuring SNAP recipients … [More]
In Business | Stimulus |
How Arizona Workers Impacted by COVID-19 Access Unemployment Benefits
Rick McCartney
Recent state and federal actions have expanded eligibility and benefit amounts for Arizona workers impacted by COVID-19. On March 20, Governor Ducey issued an Executive Order, later followed by the signing of legislation, ensuring those who are out of work or facing a loss of hours because of COVID-19 have access to unemployment benefits. The order: Waived the one-week … [More]
In Business | Stimulus |
Feds Give Nearly $10 Million for Meals for Low-Income Arizonans
State of Arizona Office of the Governor
Governor Doug Ducey today announced the Arizona Department of Economic Security (DES) was awarded $9.8M in funding from the federal government for the Emergency Food Assistance Program (TEFAP). TEFAP is a federally funded program that provides emergency food and nutrition assistance at no cost to low-income individuals, including seniors. “At a time when many Arizonans are … [More]
In Business | Stimulus |
FirstBank Announces Comprehensive Effort to Assist Customers, Employees and Communities During Coronavirus Crisis
FirstBank
FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” today announced a comprehensive effort to help those impacted by the novel coronavirus pandemic, including the launch of its customer assistance program, increased compensation for on-site employees, and continued support of Arizona Gives Day and its newly created Nonprofit Emergency … [More]
In Business | Stimulus |
$2 Million in Funding for Goodwill Services
State of Arizona Office of the Governor
Governor Doug Ducey announced $2 million in funding to put 400 Arizona Goodwill employees back to work and expand support and services to Arizonans in need. The funding is part of a $50 million COVID-19 relief package passed by the Legislature and signed into law last month by the Governor. “Goodwill is a beacon of hope for countless Arizonans across our state,” said … [More]
In Business | Stimulus |
New Assistance Available To Support Arizona Small Businesses
State of Arizona Office of the Governor
Arizona small businesses adversely impacted by COVID-19 have limited time to benefit from important benefits passed along with the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. Known as the Paycheck Protection Program, small businesses can apply for 100% federally guaranteed loans for an amount up to 2.5 times their average monthly payroll expenses for the … [More]
