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In Business | Online | June 22 2020

5 Largest Investment Firms Control more than $18 Trillion in Assets, 85% of US GDP

by Justinas Baltrusaitis

The leading investment firms continue to control a large pool of assets, in return contributing significantly to the general economic growth. By the first quarter of 2020, the top five investment companies had combined assets that amounted to at least three-quarters of the US Gross Domestic Product (GDP). Data gathered by Buyshares.co.uk shows that the five largest … [More]

In Business | Stimulus | June 22 2020

Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP

Small Business Administration

The U.S. Small Business Administration Administrator Jovita Carranza announced the launch of a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller … [More]

In Business | Stimulus | June 22 2020

SBA and Treasury Announce Enhanced Transparency Regarding PPP

Small Business Administration

The U.S. Small Business Administration and the U.S. Department of the Treasury have agreed with the bipartisan leaders of the U.S. Senate Small Business Committee to make public additional data regarding the Paycheck Protection Program (PPP). This agreement will ensure that the interests of both transparency and protections for small businesses are served. “We are striking … [More]

In Business | Online | June 22 2020

Arizona Bank & Trust to Acquire the Arizona Branches of Johnson Bank

Arizona Bank & Trust

Phoenix-based Arizona Bank & Trust, a wholly-owned subsidiary of Heartland Financial USA, Inc. and Wisconsin-based Johnson Bank, a subsidiary of Johnson Financial Group, Inc., jointly announced last week that they have entered into a purchase and assumption agreement, pursuant to which AB&T will acquire Johnson Bank’s Arizona banking operations, including four branches … [More]

In Business | Safety | June 19 2020

Face Coverings Ordered in the City of Phoenix

City of Phoenix

On June 19, 2020, Mayor Kate Gallego and the members of the Phoenix City Council, in a vote of 7 to 2, ordered the wearing of face coverings in the city of Phoenix effective Saturday, June 20, 2020. “Community spread is accelerating in Arizona at speeds that should concern everyone,” says Phoenix Mayor Kate Gallego. “It will take the entire community coming together to … [More]

In Business | Online | June 19 2020

City of Chandler Gets MBA Program through UArizona Eller College

Eller College of Management at the University of Arizona

The City of Chandler Economic Development Department, in partnership with University of Arizona Eller College of Management announce the new Professional MBA program blending online learning with bi-weekly practicums in Chandler. Chandler’s business-friendly environment and world-class labor force have made it an attractive location for companies of all sizes and industries. … [More]

In Business | Economy | June 18 2020

Unemployment Weekly Jobless Claims Show Another 1.5M

U.S. Department of Labor

In the week ending June 13, the advance figure for seasonally adjusted initial claims was 1,508,000, a decrease of 58,000 from the previous week's revised level. The previous week's level was revised up by 24,000 from 1,542,000 to 1,566,000. The 4-week moving average was 1,773,500, a decrease of 234,500 from the previous week's revised average. The previous week's average was … [More]

In Business | Safety | June 18 2020

Guidance as Non-Essential Businesses Reopen and Employees Return to Work

U.S. Department of Labor’s Occupational Safety and Health Administration

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has issued guidance to assist employers reopening non-essential businesses and their employees returning to work during the evolving coronavirus pandemic. The guidance supplements the U.S. Department of Labor and U.S. Department of Health and Human Services’ previously developed … [More]

In Business | Online | June 18 2020

70% of Job Seekers Value a Company’s Commitment to Diversity when Evaluating Potential Employers

The Manifest

Most job seekers (70%) want to work for a company that demonstrates a commitment to diversity and inclusion, according to a new survey from The Manifest, a business news and how-to website. Protests against systemic racism and George Floyd's death have sparked discussions about diversity in the workplace. Although businesses are prohibited from discriminating against … [More]

In Business | Online | June 18 2020

Hotel Report: $16.8B Tax Revenue Loss Nationwide, $312.5M in Arizona due to COVID-19

American Hotel & Lodging Association

As a result of the sharp drop in travel demand from COVID-19, state and local tax revenue from hotel operations will drop by $16.8 billion in 2020, according to a new report by Oxford Economics released today by the American Hotel & Lodging Association (AHLA). Hotels have long served as an economic engine for communities of all sizes, from major cities, to beach resorts, … [More]

In Business | Safety | June 17 2020

Governor Ducey Announces Enhanced COVID-19 Action Plan, Allows Cities to Set Policies

State of Arizona Office of the Governor

Following COVID-19 case increases and hospitalizations, Governor Doug Ducey today announced enhanced actions to contain the spread of the virus and protect Arizona’s most vulnerable residents. The announced actions build on Arizona’s substantial efforts to boost testing, expand contact tracing, secure PPE for health care and frontline workers, fast-track resources to the most … [More]

In Business | Online | June 17 2020

Market Jitters Remain on Second Wave Concerns

by Joshua Mahony

Fears of a second wave throughout a number of red states raises questions over both the U.S. recovery and Trump’s election hopes. Market volatility is rife once again today, with the opening of U.S. markets once again driving down sentiment throughout Europe. The role of central banks throughout this crisis has been considerable, and this week’s Fed actions have highlighted … [More]

En Negocios | Economia | June 17 2020

EN NEGOCIOS: Un nuevo programa virtual brinda a los empresarios y trabajadores confianza en las directrices de los CDC

por Edgar R. Olivo

A medida que la reapertura en Estados Unidos está en marcha, muchas empresas se preguntan si están haciendo lo suficiente para seguir directrices de los CDC para mantener seguros a sus trabajadores y clientes mientras obtienen ganancias. Este es uno de los muchos desafíos que las pequeñas empresas tendrán que superar pronto para recuperar la confianza en el mercado, … [More]

In Business | Economy | June 17 2020

New Virtual Certificate Program Gives Owners and Workers Confidence in CDC Guidelines

by Edgar R. Olivo

As reopening across America is underway, many businesses are left wondering if they are doing enough to follow CDC guidelines to keep their workers and customers safe while making a profit. This is one of the many challenges small businesses will have to overcome soon to regain confidence in the marketplace, especially as we see spikes in COVID-19 cases and worries of a second … [More]

In Business | Stimulus | June 17 2020

New EZ and Revised Full Forgiveness Applications for the PPP

Small Business Administration

The U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a new EZ … [More]

In Business | Online | June 17 2020

Investment Firm Sees Phoenix as New Headquarters, Goodbye Seattle

Smead Capital Management

Smead Capital Management, a registered investment advisor, today announced the relocation of its corporate headquarters to Phoenix from Seattle, Wash. effective July 1. After considering several markets, Smead selected Phoenix because of the region’s large pool of investment management talent, an equitable quality of life, and access to key domestic and global financial … [More]

In Business | Online | June 16 2020

Farmers Markets Across Arizona Unite on Public Safety

by Mike Hunter

From June 15th to the 21st, farmers markets across Arizona unite behind Fresh. Healthy. Arizona Farmers Markets to promote safe practices. As the state of Arizona is getting back to business, it’s more important than ever that farmers markets, vendors, and customers continue best health practices to keep our markets safe, essential, and open to the community at … [More]

In Business | Online | June 16 2020

Electric Vehicle Co. Plans Retail Expansion into Arizona

ElectraMeccanica Vehicles Corp.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO), a designer and manufacturer of electric vehicles, today announced the accelerated expansion of the Company’s retail footprint for its flagship SOLO EV with new locations planned for Arizona and Oregon. In recent weeks, individual states and counties have begun the process of re-opening storefronts and businesses at varying rates … [More]