April was brutal for the nation’s hospitals as they felt the cascading effects of the first full month of COVID-19’s impacts. Steep volume and revenue declines drove record-poor margin performance for hospitals nationwide, with median Operating Margin and Operating EBITDA Margin, as represented by Kaufman Hall’s indices, falling to –29% and –19%, respectively for … [More]
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Employees Reevaluate Meaningful In-Office Connections in Wake of COVID-19
Hana
U.S. employees may be reexamining their relationship with the office after COVID-19, according to a survey of more than 1,000 office-based employees. The survey found that many workers (those who worked in an office and/or remotely prior to COVID-19) still view the office as a critical place to meaningfully connect with colleagues, yet they value the flexibility that comes … [More]
Cultural Museum Re-Opening with Exhibition Extensions and New Protection Guidelines
The Heard Museum
The Heard Museum is pleased to announce its reopening timeline with new policies and procedures in place based on current guidelines from the Centers for Disease Control and Prevention and Arizona State Department of Health. The Heard Museum will reopen to Members June 2 - 7, 2020 and to the General Public on Tuesday, June 9, 2020. In order to offer a safe, comfortable … [More]
As Demand for Disinfecting Services Increases, New Career Opportunities Unfold
OpenWorks
As millions of businesses across the U.S. prepare to re-open to both employees and the public, workplace cleanliness and disinfection is top-of-mind among corporate leaders, according to a recent survey conducted by OpenWorks. The survey revealed that 83% of business leaders indicated that it was “likely” or “very likely” that they would increase the cleaning frequency of … [More]
Telehealth Co. Enables Consumers, Businesses to Order COVID-19 Antibody Testing
MeMD
As governments and businesses evaluate “return to work” strategies amid the COVID-19 pandemic, Scottsdale-based telehealth provider MeMD aims to make antibody testing readily available to Americans through its virtual platform. MeMD is proud to partner with two of the country’s leading diagnostics laboratories – Labcorp® (NYSE:LH) and Quest Diagnostics – to allow consumers … [More]
Grand Canyon Amenities Re-Open June 1, Says Resort Co.
The Grand Canyon Resort Corporation
Grand Canyon Resort Corporation announced today extensive new health and safety standards and protocols, as it prepares to reopen Grand Canyon West on June 1, 2020. Grand Canyon West has enhanced its health and cleanliness standards and protocols to provide the most safe and secure environment possible for both its team members and guests. Highlights of the new standards and … [More]
Phoenix-Based Bank Donates $150,000 to AZ Coronavirus Relief Fund
State of Arizona Office of the Governor
Western Alliance Bank has donated $150,000 to the AZ Coronavirus Relief Fund, supporting Arizona’s medical professionals and families in need. The fund has received more than $8.2 million in donations, which will be used to help mitigate the medical and economic impact of COVID-19 in Arizona. “Arizona’s business community continues to step up to provide aid where it’s … [More]
One-Quarter of Small-Business Borrowers Anticipate Needing Additional Help
NFIB
As applications for Paycheck Protection Program (PPP) loans slow, the nation’s leading small-business association today released the results of a comprehensive survey of its members about how these loans are being used, the effect they’re having, and challenges owners face in maximizing loan forgiveness. “With 1 out of 4 small businesses being ‘severely negatively impacted’ … [More]
New Small Business Report: Severe Economic Impact on Nation’s Small Business Community
National Association for the Self-Employed
With the novel coronavirus impacting small business community, the National Association for the Self-Employed (NASE) today highlighted the survey results of the State of Small Business Report conducted by the Small Business Roundtable and Facebook, which indicates that small and medium-sized businesses in the United States are being hit hard by the COVID-19 crisis. NASE has … [More]
Phoenix Grants $14M for Small and Micro Businesses and Restaurants
City of Phoenix
The city of Phoenix is helping its small businesses, microbusinesses and restaurants to the tune of $14 million. With a new round of grants, the mayor and council are directing a portion of the city’s federal CARES Act funding into the hands of struggling Phoenix businesses through the Phoenix Small Business Resiliency Grants Program. The Resiliency grants include a second … [More]
Phoenix Gains the Most New Population in 2019, Fourth Consecutive Year
City of Phoenix
Topping the nation in population growth for the fourth consecutive year, Phoenix added more new people than any other city in 2019 compared to the 2018 population estimates. The U.S. Census Bureau 2019 estimates rank Phoenix on top with a gain of 26,317 new residents, bringing its estimated population to 1,680,992. The population growth still pegs Phoenix’s as the fifth … [More]
2.4M Jobless Claims Last Week, Making 9-Week Total more than 38M
U.S. Department of Labor
In the week ending May 16, the advance figure for seasonally adjusted initial claims was 2,438,000, a decrease of 249,000 from the previous week's revised level. The previous week's level was revised down by 294,000 from 2,981,000 to 2,687,000. The 4-week moving average was 3,042,000, a decrease of 501,000 from the previous week's revised average. The previous week's average … [More]
Political Affiliation Seen as Divide on COVID-19 in Battleground States, including Arizona
CNBC
CNBC and Change Research today announced the results of their latest joint “States of Play” poll, conducted May 15th – May 17th. The poll reveals a marked divide in beliefs surrounding how the government has and should handle the coronavirus pandemic in six major battleground states (Arizona, Florida, Michigan, North Carolina, Pennsylvania, and Wisconsin), largely based on … [More]
$500,000 to Further Expand Child Care through Arizona Relief Fund
State of Arizona Office of the Governor
$500,000 from the AZ Coronavirus Relief Fund has been allocated to organizations that provide out-of-school child care in the state. The funding will support extended hours and enrichment programs to meet the increased demand of child care for families while students distance learn and parents or guardians work. The organizations will continue to support students in their … [More]
Small Business Owners are a Target for Predatory Lending Practices during the COVID-19 Pandemic
by Edgar R. Olivo
Now that the pandemic changed how small-business owners borrow money, they continue to be a major target for predatory lending practices. Small-business owners who are borrowing for the first time need to be equipped with all the right information and access to all the support they can get, to know they got the best deal. As the economic crisis continues to reveal more needs … [More]
EN NEGOCIOS: Los prestamistas abusivos se aprovechan de los pequeños negocios durante COVID-19
por Edgar R. Olivo
Ahora que la pandemia cambió la forma en que los propietarios de pequeñas empresas piden dinero prestado, continúan siendo un victimas de las prácticas de prestamistas abusivos. Para los propietarios de pequeñas empresas que solicitan préstamos por primera vez, deben estar equipados con toda la información correcta y acceder a todo el soporte que puedan obtener para saber que … [More]
Updated Economic Projections See Resumption Downturn
Congressional Budget Office
The Congressional Budget Office has updated its economic projections through 2021 to account for the 2020 coronavirus pandemic. CBO’s latest estimates, which are based on information about the economy that was available through May 12, update the preliminary projections that the agency made in April. In developing those projections, CBO reviewed many private-sector forecasts. … [More]
Online Toolkit Helps Ensure Businesses Are Hygiene Ready upon Re-Opening
Georgia-Pacific
GP PRO, a division of Georgia-Pacific and a leading provider of advanced dispensing solutions for commercial facilities, has launched Hygiene Ready, a robust online resource designed to help restaurants, retailers, arenas, commercial and industrial facilities, and other businesses safely re-open amidst COVID-19 and restore employee and consumer confidence shaken by the … [More]
