News Ticker

COVID-19 News Round-up for May 1

Credit: KTAR News

Policy & Stimulus News 

Ducey Extends Stay at Home Order 

On April 29th, Governor Doug Ducey extended Arizona’s “Stay Home, Stay Healthy, Stay Connected” order through May 15th, with a number of modifications. (Source: Valley Partnership) 

Governor’s Office Issues Extension Guidance 

Governor Doug Ducey’s office has issued guidelines and explanations to help residents and businesses better understand changes to the extended stay at home order. (Source: Office of the Governor 

Economic News 

Q1 U.S. Economy Dropped 4.8 Percent 

The U.S. economy contracted at an annualized 4.8 percent rate during the first quarter of 2020 as a result of the ongoing global pandemic, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Economic Analysis. The decline in GDP is largely a reflection of the final three weeks of March, which devastated the economy. (Source: Associated Builders and Contractors) 

Flagstaff Passes Recession Plan 

The Flagstaff City Council unanimously passed a recession plan last week designed to guide the city through both the current economic downturn and those in the future. (Source: Arizona Daily Sun) 

PPP Apparently Back on Track 

After some technical glitches that had lenders and small businesses frustrated for the second-round kickoff of the Paycheck Protection Program funding on April 27th, the system is back in gear, according to the Arizona district director for the Small Business Administration. (Source: Phoenix Business Journal) 

Resources 

Scottsdale IDA Providing Assistance 

The Scottsdale Industrial Development Authority is providing financial assistance to small businesses. The group voted unanimously to approve $200K of funding to issue as $5K grants to businesses in need. (Source: Independent Newsmedia) 

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