Economic News
PPP Was a Lifeline for Very Small Businesses
New data on the Paycheck Protection Program loans issued by the Small Business Administration shows businesses with three or fewer employees that would not normally have access to SBA loans benefitted greatly. Some experts have credited the ability for sole proprietors and very small businesses to access loans directly, rather than through multi-layered government distribution channels, as a key factor in their continued survival. (Source)
Crisis Has Helped Some Property Managers Grow
Despite the massive upheavals to personal and work life, some property managers who were able to embrace pandemic-generated opportunities could find growth. Online course enrollments through the Institute of Real Estate Management were up 30 percent year-over-year, and the wide scale deployment of new communications tools provided a chance to break old habits and make better use of time and interactions. (Source)
NEWS TICKER
- [July 18, 2025] - BEX Updates Construction Sector Projections in Annual Midyear Update
- [July 18, 2025] - Design Discussed for 45KSF Mesa Warehouse Plan
- [July 18, 2025] - Potato Barn to Round Out Mesa Site with 48KSF Warehouse
- [July 18, 2025] - Phoenix Industrial Sees First Vacancy Drop in Years; YoY Completions Drop 75%
- [July 18, 2025] - Arizona Projects 07-18-25
- [July 16, 2025] - La Paz, Mohave Fare Well Under Updated ADOT Plan
- [July 15, 2025] - Gorman, Church Plan 82 Affordable Units in Old Town Scottsdale
- [July 15, 2025] - Fry’s to Anchor Retail Portion of Avondale Tech