Policy & Stimulus Newsย
Major Disaster Declaration Request Approvedย
Governorย Dougย Duceyย announced that Presidentย Donaldย Trump,ย in coordination with theย Federal Emergency Management Agency,ย approved Arizonaโs request for aย Presidential Major Disaster Declarationย for the state. The declaration makes available additional federal assets and resources to aid Arizonaโsย COVID-19ย response efforts.โฏ(Source:ย Office of the Governor)ย
Governorโs Office Releases Essential Service Guidanceย
Governor Dougย Duceyโsย office has released additional guidance to help businesses and residents understand the revised policies on essential services. (Source:ย Office of the Governor)ย
Ariz. to Get $51M in Low-income HUD Assistanceย
Arizona will get nearlyโฏ$51M inย Department of Housing and Urban Developmentย funding to help low-income families and others hurt by the COVID-19 pandemic. The federal housing department is issuing $3B in total nationwide. (Source:ย AZCentral)ย
Economic Newsย
Donโt Expect Phoenix Housing Market Crashย
A variety of experts on the Valley housing market predict that, while listings are up significantly over the past few weeks,ย the marketโs unsatisfied and pent up demand will fuel a hefty rebound once the COVID-19 crisis has passed. (Source:ย AZCentral)ย
Hotel Occupancy Plummets in Marchย
In what would normally be the busiest month of year, occupancy rates at Valley hotels plummeted to levels that rival the blazing middle of summer and its dearth of tourists. In Phoenix, hotel occupancy fell 71.6 percent from last year for the last week of March, tourism officials said. Scottsdale-area hotels and resorts saw occupancy decline by 53.7 percent for the month. (Source:ย AZCentral)ย
COVID May Close Hospitalย
Due to the cancelation of elective surgeries and other profitable activities, leaders atย Santa Cruz Valley Regional Hospitalย south of Tucson say the facility may be forced to close and warn that other providers may have to follow suit if economic relief is not quickly forthcoming. (Source:ย AZCentral)ย
Resourcesย
Valley Partnership Updates Resource Listย
Valley Partnershipย has updated itsย Coronavirus Resources for Arizona Businesses Page. Check back frequently for the latest news and information. (Source: Valley Partnership)ย
ACA Hosts First Business Aid Webinarย
Theย Arizonaย Commerceย Authorityย hosted its first webinar in a series to help Arizona businesses navigate the financial and operational impacts of COVID-19.ย Materials and aย session recording are availableโฏhere.ย (Source: Arizona Commerce Authority)ย
Updates from Snell & Wilmerย
Arizona State Universityย researchersย areย evaluating Tempe wastewaterย for traces of COVID-19, whichโฏcould serve as an early warning system of the virusโs spread in communities.โฏย ย
Robert C. Batesย andย Anthonyย Eulanoย have provided aย situational overview to advise businesses on the โability to excuse performance under their existing commercial leases and other contracts.โย (Source: Snell & Wilmer)ย
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