News Ticker

COVID-19 News Round-up for July 24

Credit: Fieldwire

Budget, Policy & Stimulus News 

Lawmakers Trying to Push Through New Relief 

Democrats and Republicans remain divided on what a next potential federal stimulus package should look like, but lawmakers “are going to be in an all-out sprint” to pass a measure soon, said Sen. Ben Cardin, ranking member of the Senate Small Business & Entrepreneurship Committee. (Source: Phoenix Business Journal) 

Three Development Agencies Get Tax Credits 

Three Phoenix-area community development agencies have been awarded key federal tax credits designed to spur real estate development in areas with high poverty rates and low median family incomes. Last week, the Treasury Department announced $3.5B in New Market Tax Credits for developing low-income communities. Dudley VenturesPrestamos CDFI and the Phoenix Community Development and Investment Corporation received a combined $145M in credits for the most recent 2019 award cycle. (Source: Phoenix Business Journal) 

NAHB Pushing Housing Priorities in Relief Package 

As Congress begins work on its next coronavirus relief package, NAHB is urging lawmakers to include several provisions in the legislation that will provide relief to American home owners and renters, along with small and medium-sized residential construction businesses and multifamily owners and developers. (Source: National Association of Home Builders) 

Resources 

Maricopa County Small Business Grant Opportunities 

A number of Small Business Grant Opportunities remain available for businesses in PhoenixMesa and the rest of Maricopa CountyInterested parties should follow the link(s) relevant to their location for more information. (Source: City of Phoenix Community and Economic Development) 

Leave a comment

Your email address will not be published.


*