Policy & Stimulus News
PPP May Get Another $310B
The U.S. Senate this week approved another $310B infusion into the Paycheck Protection Program. Even with the additional funding, some experts and advocates warn the amount may not be sufficient to meet need or demand. (Source: Phoenix Business Journal)
Ariz. Following Feds Lead on Reopening
The Governor’s Office told Arizona mayors Monday the state will essentially mirror President Trump’s plan to reopen the economy in phases, but that it’s not yet ready to take the first step. (Source: Arizona Capitol Times)
Economic News
Theaters Will be Among 1st to Reopen
Under recently issued federal guidelines, movie theaters would be among the first businesses to reopen as pandemic isolation measures are gradually phased out. (Source: AZCentral)
How CRE Lending is Shifting
The pandemic crisis has affected demand for and access to and lending and financing in different ways, depending on the sectors in question. (Source: AZ Big Media)
Builders Responding in a Variety of Ways
In a recent NAHB survey, the vast majority of builders said they were allowing non-construction employees to work from home, but they were also implementing several measures to allow them to continue selling homes during the coronavirus pandemic. The most common of these is private showings of model homes, but online and drive-through closings are also being offered. (Source: National Association of Home Builders)
Resources
Cushman & Wakefield Releases Reopening Guide
Cushman & Wakefield the release of Recovery Readiness: A How-to Guide for Reopening your Workplace, a comprehensive guide for real estate tenants and landlords on reopening workplaces as stay-at-home restrictions are lifted. (Source: Cushman & Wakefield)
Valley Partnership Resource Updates, Including PPP Advice
Valley Partnership recently issued an update to members offering details on the federal Paycheck Protection Program. The page also includes Valley Partnership’s regular updates on municipal planning and other resources to help businesses during the ongoing crisis. (Source: Valley Partnership)
Snell & Wilmer Reopening Roadmap
Snell & Wilmer has produced a guide entitled, “A Roadmap to Reopening or Resuming Business in the Midst of a Pandemic.” (Source: Snell & Wilmer)
CoreNet Global Resource Guide
CoreNet Global has produced an extensive and regularly updated resources list to help businesses weather the pandemic crisis. (Source: CoreNet Global)