Budgets & Funding

Budget, Policy & Stimulus News Lenders Push SBA About Loan Delays A coalition of lender groups has urged the Small Business Administration to act to clear thousands of Paycheck Protection Program loans currently being held …

Budget, Policy & Stimulus News Senate Passes Relief Package The U.S. Senate this weekend passed the $1.9T COVID-19 stimulus and relief bill backed by the Biden Administration. The vote was 50-49 along party lines. The …

Budget, Policy & Stimulus News What’s Next for $1.9T Relief Package? Potential changes could be in store for the Small Business Administration‘s Paycheck Protection Program under the Biden Administration’s proposed new $1.9T stimulus and relief …

Budget, Policy & Stimulus News What’s Next for $1.9T Relief Package? Now that the House has passed its version of the $1.9T release package sought by the Biden Administration and congressional Democrats, the bill moves …

Budget, Policy & Stimulus News PPP Delays Frustrating Ariz. Businesses As of Feb. 21, 1.9 million Paycheck Protection Program loans, totaling $140B across the country, have been approved by the Small Business Administration. Arizona businesses …

Marana Matters to Compensate for COVID Costs  Last month, Marana City Council approved “Marana Matters,” a program to compensate small businesses budgeting for COVID-related items like hand sanitizer and protective equipment. A total of $100K is available under …

By Arizona Department of Transportation   Governor Doug Ducey today announced $230M in new transportation infrastructure investments that will enhance highway safety and meet the demand of new residents moving to Arizona.   The funding comes from transportation dollars, including higher …

Budget, Policy & Stimulus News  Six Things to Know About PPP Loans, Taxes  Arizona Certified Tax Law Specialist Giselle Alexander recently offered up six things businesses should be aware of concerning Paycheck Protection Program loans and taxes. In summary:  Expenses …

Budget, Policy & Stimulus News Delays Causing PPP Application Issues Gusto, a payroll and benefits provider, reports more than half of small business owners in a survey of 1,093 firms, have not yet received their …

Budget, Policy & Stimulus News  IRS Extends Opportunity Zone Deadlines  The IRS has again extended the deadline to invest in qualified opportunity zones. The deadline was extended to March 31st for investors who’s initial 180-mandated investment period ended after April …

Budget, Policy & Stimulus News Arizona PPP Loans Jump From January 24th-31st, Paycheck Protection Program loans in Arizona surged from 4,640 approvals to 10,279, according to information from the Small Business Administration. Loan values grew …

Economic News  P3s Could Help Local Governments   The pandemic has been devastating to state and local government revenues around the country due to lost tax revenues and increased health and infrastructure expenses. Private developers and …

Economic News  Tempe Chamber Focused on Help  Like its economic development and businesses assistance peers around Arizona and the U.S., the Tempe Chamber of Commerce saw, and continues to see, challenges in helping members navigate the complexities of the COVID-19 pandemic. …

Economic News  Student Housing Seeing Slow Pre-leasing  Off-campus student housing properties around the country reported just 25.9 of Fall 2021 units had been pre-leased as of December 2020. At the same period in 2019, 32.4 …

Budget, Policy & Stimulus News  Who’s First in Line for New PPP Loans?  No launch date has been set by the Small Business Administration for when it will start accepting new applications for Paycheck Protection Program loans, but community …

Economic News  Landlords Have Options with Non-paying Tenants  Multifamily landlords with non- or slow-paying tenants are exploring their options in the face of new Centers for Disease Control policies halting certain evictions. Among items they need to check …

Budget, Policy & Stimulus News  What’s in the New Relief Package?  The recently signed 5,500-page-plus stimulus and relief measure includes another $284B in forgivable Paycheck Protection Program loans, new treatment for PPP expenses, simplified forms, grants for live events …

Budget, Policy & Stimulus News Trump Signs Relief Package President Donald Trump has signed off on a $900B pandemic relief package. In addition to the COVID-related spending, the bill also includes $1.4T to continue government …

Budget, Policy & Stimulus News Washington Finally Advances New Relief Following months of back and forth squabbling, negotiators in Washington announced an agreement to issue nearly $1T in new COVID-19 economic relief and stimulus. Included …

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 …

Budget, Policy & Stimulus News  Glendale Wants to Use CARES Act Funds for Homelessness  Glendale’s Community Services Department has proposed a pilot program to curb homelessness by devoting $3.2M of a one-time grant fund through the Coronavirus Aid, Relief, and …

Budget, Policy & Stimulus News  New Pandemic Relief Bill May be Coming  A bipartisan group of lawmakers has circulated more details about a possible $908B relief and stimulus measure known as the Bipartisan Emergency COVID Relief Act of …

Budget, Policy & Stimulus News  Expiring Aid Could Create Eviction Explosion  An end to aid for renters could lead to a spike in evictions for Arizona renters. Maricopa County has run out of funds in its $30M …