Paycheck Protection Program Updates: PPP Re-Opens to Small Lenders on 1/15 & All Lenders on 1/19

inbusinessPHX.com

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET. The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders … [More]

Arizona Passes 200,000 Mark in COVID-19 Vaccine Doses Administered

Arizona Department of Health Services

The number of COVID-19 vaccine doses administered in Arizona has passed 200,000 as the state and counties collaborate to get more and more vaccine into the arms of prioritized individuals. “This is an exciting milestone for Arizona,” said Dr. Cara Christ, director of the Arizona Department of Health Services (ADHS). “Any dose that remains in storage remains a challenge to be … [More]

Jobless Claims Surge to Highest Weekly Total Since August

U.S. Department of Labor

In the week ending January 9, the advance figure for seasonally adjusted initial claims was 965,000, an increase of 181,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 787,000 to 784,000. The 4-week moving average was 834,250, an increase of 18,250 from the previous week's revised average. The previous week's average was … [More]

Strong Demand for COVID-19 Vaccine Paves Way for Second State Site at Phoenix Municipal Stadium

State of Arizona Office of the Governor

Governor Doug Ducey and the Arizona Department of Health Services (ADHS) today announced the launch of a second state vaccination site following the success of Arizona’s first 24/7 state vaccination site in Glendale. “Arizona’s vaccine site at State Farm Stadium has been a game changer,” said Governor Ducey. “This week has demonstrated Arizonans are ready for the COVID-19 … [More]

SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19

U.S. Small Business Administration

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET.  The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders … [More]

Nearly 44,000 People In Seven Hours Book Appointments for State 24/7 Vaccination Site

Arizona Department of Health Services

In just seven hours today, nearly 44,000 Arizonans have made appointments to be vaccinated at the state’s first 24/7 COVID-19 vaccination site at State Farm Stadium in Glendale. Of those appointments, nearly 29,000 are for the site’s first week of operation. The site, launched by the Arizona Department of Health Services in partnership with the Arizona Department of … [More]

Report: Small Business Optimism Drops Below Index Average in December

NFIB

The NFIB Small Business Optimism Index declined 5.5 points in December to 95.9, falling below the average Index value since 1973 of 98. Nine of the 10 Index components declined and only one improved. Owners expecting better business conditions over the next six months declined 24 points to a net negative 16%. “This month’s drop in small business optimism is historically very … [More]

1.1 Million Paycheck Protection Program Loans Forgiven So Far Totaling More Than $100 Billion

U.S. Small Business Administration

The U.S. Small Business Administration has already forgiven more than 1.1 million Paycheck Protection Program (PPP) loans for over $100 billion, providing an extraordinary amount of critical relief to America’s small businesses just 3 months since the earliest PPP borrowers’ covered periods ended. “Today’s news is a key indicator that the PPP is working for all small … [More]

U.S. Consumer Prices Increase in December

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in December on a seasonally adjusted basis after rising 0.2 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment. The seasonally adjusted increase in the all items index was … [More]

Business Organizations Advise ‘Prioritize State Recovery over Partisan Politics this Session’

inbusinessPHX.com

In a joint statement Monday, several influential business leadership organizations came together to urge our state legislators to act in the best interest of Arizonans and focus on recovery - not partisan politics - as we open the 55th Legislative session. In a statement released Monday, the leadership organizations made it clear that they support a strong effort to recover … [More]

Governor Ducey Delivers State of the State Address, Outlines 2021 Priorities

State of Arizona Office of the Governor

Governor Doug Ducey today delivered the State of the State address in a live broadcast to the opening session of the 55th Arizona state legislature and the people of Arizona. The Governor outlined his vision for 2021, focusing on the continued fight against COVID-19, the distribution of the vaccine, prioritizing K-12 education, creating jobs and helping Arizonans who have been … [More]

SBA Re-Opens PPP in Two Phases

U.S. Small Business Administration

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal Monday at 9 am ET. SBA is continuing its dedicated commitment to underserved small businesses and to addressing potential access to capital barriers by initially granting PPP access exclusively to community financial institutions … [More]

Great News for Minority-Owned Businesses: How to Qualify for the New Pandemic Relief

by Edgar R. Olivo

Good news for minority-owned small business has arrived with a new round of pandemic relief funding for the Paycheck Protection Program and Economic Injury Disaster Loans. Congress has approved $284 billion in new loans. Availability started Monday, January 11, 2021, for first-time borrowers and will start on Wednesday, January 13, 2021, for second-time PPP borrowers. The PPP … [More]

EN NEGOCIOS: Buenas noticias para empresas de propiedad de minoría: Cómo calificar para el nuevo alivio pandémico

por Edgar R. Olivo

Las buenas noticias para las pequeñas empresas de propiedad de minorías han llegado con una nueva ronda de fondos de ayuda pandémica para el Programa de Protección de Pago y Préstamos por Desastre por Lesiones Económicas. El Congreso aprobó $284 mil millones en nuevos préstamos. La disponibilidad comienza el lunes 11 de enero de 2021 para los prestatarios por primera vez y el … [More]

Registration Available for the State’s First 24/7 COVID-19 Vaccination Site at State Farm Stadium

Arizona Department of Health Services

Registration is open beginning at 9 a.m. for the state’s first 24/7 COVID-19 vaccination site at State Farm Stadium in Glendale, with the first appointments available beginning Tuesday, Jan. 12, for health care workers, first responders, teachers, law enforcement officers, Arizonans over age 75 and others at the top of the priority list for vaccine distribution. The launch of … [More]

SBA Extends Crucial Lifeline to Borrowers Impacted by COVID-19 with Debt Relief

U.S. Small Business Administration

As the U.S. Small Business Administration continues implementation of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, signed into law by President Trump on Dec. 27, 2020, SBA Administrator Jovita Carranza made the following statement in regards to Section 325: “Small business is big business in America, and this Administration will continue to … [More]

Arizona One of the First States to Begin Issuing New $300 COVID-19 Relief Unemployment Funds

Arizona Department of Economic Security

Governor Doug Ducey and the Arizona Department of Economic Security (DES) announced today Arizona is one of the first states in the nation to distribute an additional $300 per week benefit to unemployed Arizonans under the recently-passed federal COVID-19 relief legislation. “The team at the Arizona Department of Economic Security has worked tirelessly to scale up their … [More]

COVID-19 STORIES: A Downtown Phoenix Pivot Is Building Back Our Creative Community

by Mike Hunter

Always meant to be a place unlike anywhere Phoenicians had experienced downtown, The Pemberton PHX was an ever-evolving idea born from an understanding that out of challenge and hardship can come creativity, collaboration and a strong will to do things differently. Then the pandemic hit. Only an initial setback, the creativity began re-emerging when it was clear that a space … [More]

BREAKING: SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

U.S. Small Business Administration

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January … [More]

Federal Transit Administration Allocates $49.5 Million to Northwest Extension Phase II Project

Valley Metro

The Federal Transit Administration announced the second allocation of grant funding for the Northwest Extension Phase II rail project. In addition to its first allocation, the project has now been allocated a total of $100 million in federal Capital Investment Grant (CIG) funds. Construction on the extension, which will include the system’s first elevated station, began in … [More]