As America gets closer to the presidential election, the country finds itself still struggling on several fronts: the COVID-19 pandemic, racial unrest, and most recently Chinese sanctions. And yet, the stock market has remained relatively stable over the past couple of months. Stock-market bulls cheered the Tuesday morning after Memorial Day as the S&P 500 traded above its … [More]
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‘Arizona: Open For Learning’ Plan to Invest $440M in Arizona Schools, Includes Health Guidance
State of Arizona Office of the Governor
Governor Doug Ducey announced additional resources, flexibility and clarity for the start of the 2020-2021 school year. This “Arizona: Open for Learning” plan provides maximum options for Arizona families, ensures students receive a full academic year of education, invests a total of $440 million in federal dollars to our schools, and gives local school leaders the flexibility … [More]
Extended Protections for Public Health; Bars, Gyms and Theaters to Remain Closed
State of Arizona Office of the Governor
Governor Doug Ducey today extended an executive order pausing operations on gyms, bars, nightclubs, movie theaters, water parks, and tubing. The order also continues to prohibit large public events and enables local law enforcement to take immediate enforcement action to ensure compliance with the order. This extension will be reviewed for repeal or revision every two … [More]
Statewide Campaign to Promote Mask Use Developed in Partnership with Arizona Advertising Agencies
State of Arizona Office of the Governor
Governor Doug Ducey announced a statewide campaign developed in partnership with Arizona advertising and public relations firms to promote the use of masks and other important precautions to contain the spread of COVID-19. This first-of-its-kind collaboration will feature creative concepts in English and Spanish developed by Arizona’s leaders in advertising supported by $3 … [More]
U.S. Single-Family Rent Price Growth Plunges in May, But Phoenix Up 6%
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across 20 metropolitan areas. Data collected for May 2020 shows a national rent increase of 1.7% year over year, down from a 2.9% year-over-year increase in May … [More]
Transportation Leader in Zero-Emissions Solutions Breaks Ground on Factory in Coolidge, AZ
Nikola Corporation
Nikola Corporation, a global transportation leader in zero-emissions and infrastructure solutions, is one step closer to bringing a 1 million-square-foot manufacturing facility to Coolidge, Ariz. following an official groundbreaking ceremony on its approximate 430-acre parcel. The ceremony included speakers from Nikola’s executive team Trevor Milton, founder and executive … [More]
Weekly Jobless Claims Up to 1.4 Million, First Rise in Four Months
U.S. Department of Labor
In the week ending July 18, the advance figure for seasonally adjusted initial claims was 1,416,000, an increase of 109,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 1,300,000 to 1,307,000. The 4-week moving average was 1,360,250, a decrease of 16,500 from the previous week's revised average. The previous week's average was … [More]
EN NEGOCIOS: Cómo los empresarios pueden encontrar oportunidades de negocios durante una pandemia y una recesión
por Edgar R. Olivo
Después de haber trabajado con innumerables emprendedores en una gama amplia de industrias y tamaños, la resistencia y la determinación son las características de cada empresa exitosa, y cuando se trata de comenzar de nuevo, en mi opinión, los emprendedores pueden ser los mejores para pivotar en tiempos difíciles. Pero con todas las malas noticias que inundan nuestras … [More]
How Entrepreneurs Can Find Business Opportunities during a Pandemic and a Recession
by Edgar R. Olivo
Having worked with countless entrepreneurs in a wide range of industries and sizes, I’ve seen that resiliency and grit are the cornerstones to every successful venture, and when it comes to starting over, in my opinion, entrepreneurs may be the best at pivoting under challenging times. But with all the bad news flooding our screens about the state of our public health and … [More]
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]
$975,000 from AZ Coronavirus Relief Fund to Support Homeless Arizonans
State of Arizona Office of the Governor
Governor Ducey announced $975,000 from the AZ Coronavirus Relief Fund has been allocated to 12 organizations in Arizona that provide shelter for those experiencing homelessness. The funding will support efforts to provide food for those utilizing shelters; locate alternative housing to maintain social distancing among the homeless population; and clean and sanitize shelters to … [More]
The Big Five US Tech Giants Hit $6.4T in Market Cap, a 53% Jump in a Year
by Mike Hunter
Tech stocks dramatically outperformed the broader market in 2020, despite the COVID-19 effects. According to data gathered by ForexSchoolOnline.com, the combined market cap of the five largest tech companies in the United States surged by $2.2 trillion in the last year, reaching $6.4 trillion value in July. With nearly $1.7 trillion market value at the end of last week, … [More]
Maricopa County Willing to Loan $1 Billion to State for Coronavirus Crisis
Maricopa County
Maricopa County Treasurer, Royce T. Flora announced today that his office is willing to loan the State of Arizona $1 billion dollars to fight the economic damage from the Coronavirus outbreak in Arizona. “The State of Arizona is a COVID-19 hotspot. We are experiencing significant damage to local businesses. Arizona’s Health Care industry needs additional resources for … [More]
DES Announces Launch of Extended Unemployment Benefits
Arizona Department of Economic Security
The Arizona Department of Economic Security (DES) announced today the 13-week Extended Benefits (EB) period is available for those who have exhausted their regular unemployment insurance benefits as well as the additional 13-week extension provided by Pandemic Emergency Unemployment Compensation (PEUC). Due to the availability of PEUC, most individuals will not yet be … [More]
COVID-19 STORIES: Why Did the Arizona Department of Liquor Force Harold’s Cave Creek Corral to Cease Dine-In Service?
by Danny Piacquadio
As co-owners of Harold’s Cave Creek Corral, that’s the question that my colleagues, Bill and Marie Vale, and I want to know. Since the coronavirus pandemic hit the U.S. and Arizona in March, our iconic, 84-year-old western restaurant and bar has been overly compliant with all guidelines of the CDC, ADHS, the Arizona Department of Liquor, as well as all state and local … [More]
Hotel Industry Releases Top 5 Requirements to Travel Safely
American Hotel & Lodging Association
The American Hotel & Lodging Association (AHLA) today released the “Safe Stay Guest Checklist” for guests on how to travel safely while also creating a standardized safety experience nationwide. This checklist is part of AHLA’s Safe Stay guidelines, an industry-wide, enhanced set of health and safety protocols designed to provide a safe and clean environment for all hotel … [More]
How Many Small Businesses Have Shuttered So Far?
Alignable.com
Given the ever-changing U.S. COVID-19 crisis, determining the breadth and depth of the impact on small businesses continues to be a challenge. In particular, it’s difficult to accurately gauge exactly how many small businesses have closed, because once they shut their doors for good, the owners can be hard to reach. According to Alignable’s July State Of Small Business … [More]
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]
