Budget, Policy & Stimulusย Newsย
Lawmakers Trying to Push Through New Reliefย
Democrats and Republicansย remainย 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.โฏBen Cardin, ranking member of theย Senate Small Business & Entrepreneurship Committee. (Source:ย Phoenix Business Journal)ย
Threeย Development Agencies Get Tax Creditsย
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, theย Treasury Departmentย announced $3.5B inย New Market Tax Creditsย for developing low-income communities.ย Dudley Ventures,ย Prestamosย CDFIย and theย Phoenix Community Development and Investment Corporationย received a combined $145M in credits for the most recent 2019 award cycle.ย (Source:ย Phoenix Business Journal)ย
NAHB Pushing Housing Priorities in Relief Packageย
As Congress begins work on its nextย coronavirusย relief package,ย NAHBย 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:ย National Association of Home Builders)ย
Resourcesย
Maricopa County Small Business Grant Opportunitiesย
A number ofย Small Business Grant Opportunitiesย remain available for businesses inย Phoenix,ย Mesaย and the rest ofย Maricopa County.ย Interested parties should follow the link(s) relevant to their location for more information.ย (Source:ย City of Phoenixย Community and Economic Development)ย
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