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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]

In Business | Online | June 16 2020

Banks Report Reduced Profit but Strong Loan Growth

FDIC

For the 5,116 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $18.5 billion in first quarter 2020, a decline of $42.2 billion (69.6 percent) from a year ago. The decline in net income is a reflection of deteriorating economic activity, which resulted in the increase in provision expenses and … [More]

In Business | Stimulus | June 15 2020

Disaster Loan Programs Reopened for Eligible Small Businesses and Nonprofits

Small Business Administration

To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the … [More]

In Business | Online | June 15 2020

Fintech Co. Closes $2M Seed Funding Round with Venture Capital Firm to Propel Growth

Dovly

Dovly, a consumer-focused credit improvement company, today announced it raised $2 million in seed funding. The round was led by venture capital firm NFX, which focuses on helping grow companies based on the principals of network effects and marketplaces. The funding will accelerate Dovly’s commitment to provide consumers with a more efficient, effective credit improvement … [More]

In Business | Stimulus | June 15 2020

New and Revised Guidance Regarding the Paycheck Protection Program

Small Business Administration

The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony … [More]