In the week ending March 20, the advance figure for seasonally adjusted initial claims was 684,000, a decrease of 97,000 from the previous week's revised level. The previous week's level was revised up by 11,000 from 770,000 to 781,000. The 4-week moving average was 736,000, a decrease of 13,000 from the previous week's revised average. The previous week's average was revised … [More]
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Another 37 Million Economic Impact Payments from the American Rescue Plan Disbursed
inbusinessPHX.com
The Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing approximately 37 million payments in the second batch of Economic Impact Payments from the American Rescue Plan. This brings the total disbursed payments from the American Rescue Plan to approximately 127 million payments worth approximately $325 … [More]
SBA to Increase Lending Limit for COVID-19 Economic Injury Disaster Loans
U.S. Small Business Administration
The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to … [More]
Arizona Launches New COVID-19 Vaccine Public Service Announcements
Arizona Department of Health Services
With COVID-19 vaccination becoming available to all adults at state-run sites, the Arizona Department of Health Services (ADHS) is launching a series of public service announcements in both English and Spanish encouraging people to get vaccinated. Two of the first PSAs, which began airing this week, feature Governor Doug Ducey and ADHS Director Dr. Cara Christ. “Remember: … [More]
Intel Announces $20B Expansion in Arizona
Intel
Intel CEO Pat Gelsinger today announced expansion of the company’s semiconductor manufacturing capacity, beginning with plans for two new factories (or “fabs”) at the company’s Ocotillo campus in Chand Gelsinger announced the new fabs during Intel’s global “Intel Unleashed: Engineering the Future” webcast. During the event, he announced the evolution of … [More]
Intel Announces Strategy for Manufacturing, $20B Investment to Build Two New Fabs in Arizona
Intel
Intel CEO Pat Gelsinger outlined the company’s path forward to manufacture, design and deliver leadership products and create long-term value for stakeholders. During the company’s global “Intel Unleashed: Engineering the Future” webcast, Gelsinger shared his vision for “IDM 2.0,” a major evolution of Intel’s integrated device manufacturing (IDM) … [More]
New Entertainment Industry Masters Program at Thunderbird School of Global Management
Thunderbird School of Global Management
Ted Hope, the former Co-Head at Amazon Movies, will join Arizona State University’s Thunderbird School of Global Management as the marquee professor of practice in the new Master of Arts in Global Affairs and Management in the Creative Industries (MGCI). Powered by Thunderbird, the MGCI is a collaborative effort between two ASU colleges, linked together through The Sidney … [More]
Stimulus: More Economic Impact Payments Set for Disbursement in Coming Days
inbusinessPHX.com
For taxpayers receiving direct deposit, this batch of payments began processing on Friday and will have an official pay date of Wednesday, March 24, with some people seeing these in their accounts earlier, potentially as provisional or pending deposits. A large number of this latest batch of payments will also be mailed, so taxpayers who do not receive a direct deposit by March … [More]
Vaccines and the Economic Comeback
by Edgar R. Olivo
The Arizona Department of Health Services and Governor Doug Ducey announced on Monday that registration at Arizona’s state-operated COVID-19 vaccination sites in Maricopa, Pima and Yuma counties will be open to all Arizonans 16 and older beginning at 8 a.m. Wednesday, March 24. This is great news for many who have been waiting to have access to the vaccine, especially … [More]
EN NEGOCIOS: Las vacunas y el regreso económico
por Edgar R. Olivo
El Departamento de Servicios de Salud de Arizona y el gobernador Doug Ducey anunciaron el lunes que el registro en los sitios de vacunación de COVID-19 operados por el estado de Arizona en los condados de Maricopa, Pima y Yuma estarán abiertos para todos los Arizonenses de 16 años o más a partir de las 8:00 AM el miércoles 24 de marzo. Esta es una gran noticia para muchos … [More]
Arizona Expands COVID-19 Vaccination Eligibility to All, March 24
State of Arizona Office of the Governor
Registration at Arizona’s state-operated COVID-19 vaccination sites in Maricopa, Pima and Yuma counties will be open to all Arizonans 16 and older beginning at 8 a.m. Wednesday, March 24, Governor Doug Ducey and the Arizona Department of Health Services announced today. “Our goal has been and remains to get vaccine into the community as quickly, widely and equitably as … [More]
SBA Launches Portal to Begin Accepting Shuttered Venue Operators Grant Applications on April 8
U.S. Small Business Administration
The U.S. Small Business Administration is launching a splash page for the Shuttered Venue Operators Grant (SVOG) application portal today in anticipation of opening applications for the much-anticipated critical economic relief program on Thursday, April 8, 2021. “Help is here for venue operators hit hard by the COVID-19 pandemic. The SBA has worked diligently to build the … [More]
Comerica Expands Community Development Lending Program
Comerica Bank
Comerica Bank announced it will expand its community development lending program, specifically as it relates to affordable housing. Comerica plans to strengthen access to capital assistance for nonprofit and for-profit developers of Low-Income Housing Tax Credit (LIHTC) projects. The program will focus on increasing the availability of affordable multifamily housing for … [More]
Phoenix Market Update: Suburban Assets Lead Activity
CommercialEdge
After closing January with $137 million in office sales, Phoenix’s transaction activity lost some steam in February. According to CommercialEdge data, 438,968 square feet of office space traded across the metro for $108 million. The sales amount was 26.4 percent higher year-over-year, as 465,361 square feet of space changed hands for $77 million in February 2020. Five of the … [More]
Appointments for All State Covid-19 Vaccination Sites to be Available Each Friday
Arizona Department of Health Services
The Arizona Department of Health Services (ADHS) announced today it will make COVID-19 vaccination appointments available each Friday for the following week, easing the process for Arizonans to register for appointments at state mass-vaccination sites in the Phoenix area and Tucson. At 11 a.m. Friday, March 19, additional appointments will be available for Monday, March 22, … [More]
CDC Report Gives Arizona High Marks for Covid-19 Vaccination in Areas with High Social Vulnerability
State of Arizona Office of the Governor
A new report by the Centers for Disease Control and Prevention ranks Arizona among the best states in the nation for getting the COVID-19 vaccine to vulnerable communities. The CDC report out today found that Arizona had the third-highest vaccination coverage for high-vulnerability counties as determined by the Social Vulnerability Index, a nationally accepted framework. The … [More]
U.S. Jobless Claims Unexpectedly Jump despite Easing Restrictions
U.S. Bureau of Labor Statistics
In the week ending March 13, the advance figure for seasonally adjusted initial claims was 770,000, an increase of 45,000 from the previous week's revised level. The previous week's level was revised up by 13,000 from 712,000 to 725,000. The 4-week moving average was 746,250, a decrease of 16,000 from the previous week's revised average. The previous week's average was revised … [More]
Tax Day for Individuals Extended to May 17: Treasury, IRS Extend Filing and Payment Deadline
Internal Revenue Service
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days. "This continues to be a tough time for many people, and the IRS wants to continue to do … [More]
