Budget, Policy & Stimulusย Newsย
Virus Surge May Force More Business Reliefย
Because more than $130B remains in funding from theย Paycheck Protection Program,ย Congressย has approved a six-week extension for applications. There is speculation that, due to a nationwide surge in newย COVID-19ย cases,ย Congressย will have toย use the additional timeย to devise and implement a new or expanded relief/stimulus program beforeย it recessesย in August. (Source:ย Phoenix Business Journal)ย
Phoenix Backsย Down on Hospitality Ordinanceย
A controversialย ordinance that wouldย haveย dramatically impactedย how Phoenix hotels rehiredย workers after being furloughed because of the pandemic was removed fromย last weekโsย Phoenix City Councilย agenda.ย In what appears to be a win for hotel owners, there was no date setย to rescheduleย theย measure.ย City staff will continue to hold meetings on the proposed measures with stakeholders, with a chance of it coming back again sometime in the future.ย (Source:ย Phoenix Business Journal)ย
SBA Updates PPP Interim Final Ruleย
On June 10th, theย Small Business Administrationย issued an updated interim final rule for theโฏPaycheck Protection Programโฏin response to theย PPP Flexibility Actย that was passed June 5th. The updated guidance accounts for revisions made to the covered period, usage of funds changes, extended safe harbor, and more. (Source:ย AZ Big Media)ย
NAHB Officials Urge Expanded PPP Eligibilityย
National Association of Home Buildersย chairmanย Chuckย Fowkeย and CEOย Jerry Howardย held a virtual discussion with Treasury Secretaryย Steveย Mnuchinย and urged the secretary to expand eligibility under the Paycheck Protection Program to allow more workers in the residential construction sector to access the loan program. (Source:ย NAHB Now)ย ย
Maricopa County Issuing $23M Relief Under Grants Programย
Theย Maricopa County Board of Supervisorsย approved $23M in federalย CARES Actย funding for the grant program as many businesses struggle to stay open or reopen. Theย Small Business Relief Programย will provide up to $10K in grants to reimburse businesses and nonprofits for lost revenues during March and April. The application period opens July 9th. (Source:ย Independent Newsmedia)ย ย
Economic Newsย
9 Arizona Cities Among Top 20 for Jobs Recoveryย
The latest jobs report shows the national unemployment rate at 13.3 percent, which is below the peak of 14.7 percent during the height of theย COVID-19ย pandemic. Even thoughโฏCOVID-19 cases are surging, the good news is that nine Arizona cities are amongย WalletHubโsย Top 20โฏCities Whose Unemployment Rates Are Bouncing Back Most. (Source:ย AZ Big Media)ย
Resourcesย
On July 2nd,ย Rose Law Groupย updated its overview of city halls, planning and development services and public meeting accessibility around the Greater Phoenix area. (Source:ย Rose Law Group Reporter)ย
NEWS TICKER
- [September 2, 2026] - Glendale Moves Forward With Annex for Project Baccara
- [September 1, 2026] - Raintree Investment Proposing 171-Unit Townhome Community in Gilbert
- [September 1, 2026] - New Apartment Community Planned in CityNorth Master Plan
- [September 1, 2026] - La Osa Energy Center Denied by Pinal County Board of Supervisors
- [September 1, 2026] - Industry Professionals 09-01-26
- [September 1, 2026] - Commercial Real Estate 09-01-26
- [August 28, 2026] - Bela Flor Proposing 210-Unit Multifamily Development in Apache Junction
- [August 28, 2026] - Scottsdale International School Holding Fundraiser for New Gym
