Great Impact: Funding Businesses and Nonprofits to Sustain Our Economy

by Mike Hunter

Our community has stepped up to the plate to help businesses of all sizes — it always has. This economic downturn is among the worst we have seen. No one could have anticipated a time in modern America when business would be asked to simply shut down.

Prior to the pandemic, our economy was stronger than most other states in the country. From population growth to property values, the Greater Phoenix metropolitan area was, simply put, the place to be.

So it is no surprise that federal, city and local governments and organizations would step in and help to fund small business and provide relief grants and other programs to help them get by, nor that some businesses would build themselves up to thrive in the face of COVID-19. Many of their stories are stories of inspiration. Many businesses have pivoted because they have had little idea as to when “business as usual” will resume. 

In Business Magazine is introducing its readers to the organizations funding these businesses and telling the stories that are putting them back on their feet. While these are uncertain times, one thing is for certain: This business community will come back.

Injecting Funds to Sustain Our Economy

Many are stepping up, but these funding partners are doing the hard work to provide immediate help through relief grants and other programs. While some of these organizations regularly grant funds, there is no question that the volume — both in number of grants and amount of funds — is a lot to manage and disburse. Overwhelmed staff changed policies, and the urgency of doing it now has taken a toll. But at the end of the day, each of these organizations is working harder than ever to empower business and make a difference. 

Read the stories of the grantee businesses and nonprofits in the grantee section of
Great Impact: Injecting Funds to  Sustain Our Economy.

Funding the Effects of the Pandemic to Grow Business 

Business is the lifeblood of any economy. Small businesses are said to be the fuel that any strong economy runs on. That thinking has, until earlier this year, been what we have proven — making Greater Phoenix one of the top places to be in business.

We are fortunate to have some of the stories of those who have received funding to get them through the toughest of times in recent months. The companies below represent many sectors that have been hardest hit by the pandemic. We asked them to share details about what they used the funding for, how it impacted them and what they plan for the future.

Read about the funding organizations in the grantor section of
Great Impact: Funding Businesses and Nonprofits to Sustain Our Economy.

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