As businesses prepare their applications for the next round of Payroll Protection Program funding, the Arizona District Office of the SBA would like to share feedback it received today from business owners, which is that the majority of the local lenders on the SBA list are only accepting PPP applications only from existing clients. The Arizona SBA maintains its updated … [More]
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In Business | Stimulus |
In Business | Stimulus |
Paycheck Protection Program and Health Care Enhancement Act Signed into Law
Small Business Administration
Today, the Paycheck Protection Program and Health Care Enhancement Act was signed into law, allocating additional money to the SBA Paycheck Protection Program (PPP). PPP is providing much-needed relief and helping America’s small businesses make it through this challenging time. In a joint statement, SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven … [More]
In Business | Stimulus |
Tips for PPP Applications – Businesses, Be Ready for Monday
by Mike Hunter
Payroll Protection Program funds are anticipated to go liquid on Monday, and GPEC is urging every small firm in Arizona to prepare their applications and supporting documentation before capital becomes available. Consistency and accuracy are vital in the application process. Errors, inaccuracies or lack of documentation can be the difference between receiving funds and being … [More]
How to Lead during Crisis
by Melanie Parish
As a leader, during COVID-19 (or any crisis) it can be hard to find one’s feet and to feel confident in one’s path. It’s common to feel inadequate, unsure and out of one’s depth. That is to be expected. This is leadership like we have never seen before. So many businesses are closed or trying to find new ways of doing things. I believe almost every organization feels like a … [More]
In Business | Online |
CBO’s Current Projections of Output, Employment, and Interest Rates and a Preliminary Look at Federal Deficits for 2020 and 2021
Congressional Budget Office
CBO has developed preliminary projections of key economic variables through the end of calendar year 2021, based on information about the economy that was available through yesterday and including the effects of an economic boost from legislation recently enacted in response to the pandemic. In addition, CBO has developed a preliminary assessment of federal budget deficits and … [More]
In Business | Online |
Phoenix Public Transit Department to Reduce Bus Service on May 4
Rick McCartney
As a result of the continued impacts of COVID-19, the city of Phoenix Public Transit Department will reduce bus service (see route list below) beginning May 4. The start of the service day will shift to: • Monday - Friday 5 a.m. • Saturday and Sunday 6 a.m. The following service hours are temporarily eliminated: • Monday - Thursday 11 p.m. to midnight • … [More]
House Passes $484B Emergency Relief Package
by Mike Hunter
The House on Thursday passed a potential $484B emergency relief package that provides additional funds for small businesses and expand COVID-19 testing efforts amid the coronavirus pandemic. The measure brings the country’s total coronavirus pandemic response dollars to more than $2.8T and includes $310B in additional funds for the Paycheck Protection Program, $75B for … [More]
In Business | Online |
Paycheck Protection Program – Participating Lenders
by RaeAnne Marsh
Top of mind for many – if not all – businesses is the Payroll Protection Program loans and how to get one. For those who are curious to know what banks have been participating in the program, the U.S. Small Business Administration has prepared a 563-page report — updated as of yesterday — listing all the lenders who made PPP loans nationwide. Observes Robert Blaney, district … [More]
Staffing Platform Launches Digital Orientations and COVID-19 Certification Program for Professionals
Qwick
Qwick, the leading on-demand staffing platform for the food and beverage industry, launched their digital orientations to help onboard new Professionals and a certification training program for hospitality Professionals currently enrolled on their platform. Qwick also took action to help the 82K+ Professionals on their platform respond to COVID-19 by waiving all cancellation … [More]
Arizona to Receive an Additional $12 Million in Federal Funding to Support COVID-19 Response
Arizona Department of Health Services
The Arizona Department of Health Services (ADHS) announced that Arizona will receive $12.4 million from the Centers for Disease Control and Prevention (CDC) to support the public health response to the COVID-19 outbreak. This is in addition to the $16.2 million already received from the CDC during this response. ADHS will work with local public health departments to enhance and … [More]
Central Logic Selected to Help Orchestrate Care for All COVID-19 Patients in Arizona
Central Logic
As state prepares for patient surge, Regional Access Center is formed that will leverage technology, best practices and other solutions to unite all health systems and hospitals--ensuring patient access to beds, ventilators and care without delay. Central Logic, the industry innovator in enterprise visibility and tools to accelerate access to care, has announced its … [More]
Creditor Options in the COVID-19 Pandemic
by Jeff Sklar, Susan Freeman, Rob Charles and Ogonna Brown
As the fallout from COVID-19 widens and the prospect of an economic downturn looms, lenders are likely to focus more on protecting their collateral. Although many lenders are negotiating accommodations with borrowers in the short term, some of these accommodations will inevitably be unsuccessful and lead to defaults. As defaults increase, lenders might consider the use of a … [More]
Marketing: Are You Pivoting or Freezing?
by Andrea Aker
Many businesses poised for huge gains at the start of this year are fighting to stay alive. Stable, longstanding enterprises are questioning their greater visions. Waves of layoffs and shuttered doors have — quite understandably — induced fear and uncertainty across the Valley, where small businesses serve as the backbone of the community. The need for a true pivot has never … [More]
In Business | Online |
Local Org. to Field Arizona Team in the NFL’s Wheelchair Football League
Ability360
Ability360 will represent Arizona in the NFL’s first Wheelchair Football League – along with teams in Chicago, Los Angeles and Kansas City – when the league officially launches during this weekend’s NFL Draft. Organized by Disabled Sports USA with support from an NFL-Bob Woodruff Foundation Healthy Lifestyles and Creating Community grant, each team will have a roster of 14 … [More]
REPORT: U.S. Hospitals Suffering Financial Damage as a Result of COVID-19 Pandemic
Kaufman Hall
The nation’s hospitals are suffering significant financial damage as a result of the COVID-19 pandemic response. Kaufman Hall’s data from more than 800 U.S. hospitals shows that volume and revenue declines, along with flat to rising expenses, resulted in a dramatic fall in margin within a matter of weeks, plunging not-for-profit hospitals, which historically operate on thin … [More]
ERs Open for Emergencies during Pandemic
Abrazo Health Hospitals
Hospital emergency rooms across the Valley are open, and doctors want the public to know that delaying emergency treatment can result in additional health complications, especially in the case of heart attack and stroke. “Even during the coronavirus pandemic, there is still prevalence of stroke, heart attack and abdominal emergencies such as appendicitis. We are concerned … [More]
In Business | Online |
Scottsdale Manufacturer to Collaborate with the State of Iowa on COVID-19 Testing
TPI Composites, Inc.
TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, announced today that it will be collaborating with the State of Iowa on COVID-19 testing for its Newton, Iowa associates. As a result of the increase in COVID-19 levels in Jasper, Marshall, and Polk Counties, as well as 28 confirmed new cases during the … [More]
In Business | Online |
Coping with COVID-19 in Month Two
Aneesh Chaudhry
It's been nearly one month since the first-shelter-in place order was announced and today, 80% of Americans have hunkered down, quarantining themselves to their homes. We have learned to adapt to isolation in many ways. We've upped our hygiene game, we wear face masks, and we've become pros at Zoom video chat. But now that we are in the second month of isolation, we find … [More]
