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]

U.S. Jobless Claims Fall Again as Employment Picture Strengthens

U.S. Department of Labor

In the week ending April 17, the advance figure for seasonally adjusted initial claims was 547,000, a decrease of 39,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 10,000 from 576,000 to 586,000. The 4-week moving average was 651,000, a decrease of … [More]

Arizona Sports Wagering Law Legalizes Sports Betting

by Alexis Glascock

Governor Doug Ducey signed a bill (HB2772: Sports Betting, Event Wagering) into law on April 15, effectively making Arizona the 26th state to legalize sports betting. Multiple bills aimed at legalizing sports betting have failed in recent years, but this session has brought a success that will increase revenue for both the state and tribes. Sports betting’s popularity has grown … [More]

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