Budgets & Funding

COVID-19 News Round-up for May 29

Policy & Stimulus News  Gov. Ducey Announces Nearly $600M in Local Relief Funds  The Governor’s Office is providing nearly $600M in coronavirus relief and recovery dollars for local Arizona governments and nonprofits as part of a funding plan

Budgets & Funding

COVID-19 News Round-up for May 26

Economic News  Crisis’ April Housing Market Impact  The coronavirus took its toll on metro Phoenix’s housing market in April, but the pandemic is keeping fewer home buyers on the sidelines in May. Home sales dropped and prices dipped

Budgets & Funding

COVID-19 News Round-up for May 22

Economic News  Experts Fear ‘Credit Infection’  Jim Belfiore of Belfiore Real Estate Consulting and other experts are warning the impacts of unemployment and reduced credit availability could result in a “credit infection” that will affect buyers’ ability to purchase

Budgets & Funding

Maricopa County Approves $3B 2021 Budget

Source: Maricopa County  Maricopa County is putting hundreds of millions of dollars in federal funds to immediate use helping people impacted by the COVID-19 pandemic while also pulling back on discretionary spending unrelated to the crisis.   It’s a one-two effort to best serve taxpayers during a time of national emergency. The Board of

Budgets & Funding

COVID-19 News Round-up for May 19

Policy & Stimulus News  Cities, Counties Pushing for More Funds  Arizona cities and counties are pressing for more funding at both the state and federal levels as they deal with coronavirus outbreak. Local officials from across the state

Budgets & Funding

COVID-19 News Round-up for May 15

Policy & Stimulus News  Work Ongoing to Resolve Trump, Congress Relief Divide  President Donald Trump and congressional leaders have pitched a number of proposals they argue are essential to a new coronavirus relief plan to combat the effects of the pandemic. The result: A grab bag of

Planning & Development

Zoom Planning Phoenix-area R&D Facility

Source: Zoom  Zoom has announced it will open two new research and development centers — one in the greater Phoenix area and one in Pittsburgh.   Zoom will immediately begin recruiting software engineering talent in these areas. Employees will work from

Budgets & Funding

Yuma Council Mulls CIP Projects

By Mara Knaub for Yuma sun  The Yuma City Council scrutinized the Capital Improvement Program plan for 2021 in a roundtable discussion.  The CIP budget, at $51.4M, is more than last year, but the city expects 45 percent of the costs to be recovered through grants, reimbursements and

Budgets & Funding

COVID-19 News Round-up for May 12

Economic News  Housing Markets may be Recovering  In the face of the COVID-19 crisis, reports from the last month indicate the real estate market is faring considerably better than many industries, especially in Tucson. Long Realty reports new pending

Budgets & Funding

ADOT Predicts Drop in Hwy Project Revenue

By Tasha Anderson for AZBEX  The estimated financial impacts of COVID-19 on the State Transportation Improvement Program over the next five years may be as much as $540.4M, according to Kristine Ward, Chief Financial Officer for the Arizona Department of Transportation. 

Budgets & Funding

COVID-19 News Round-up for May 5

Policy & Stimulus News  Updated PPP, Grant Program Under Way  While the Small Business Administration is kicking off its second round of funding in the Paycheck Protection Program, small businesses also have another funding outlet that doesn’t need to be paid back. The Economic Injury

Trends

Billings Index Sees Record Drop in March

Source: American Institute of Architects  Reflecting the deteriorating conditions in the overall economy, demand for design services from architecture firms recorded a record fall, according to a new report from The American Institute of Architects.  AIA’s Architecture Billings

Planning & Development

COVID-19 News Round-up for May 1

Policy & Stimulus News  Ducey Extends Stay at Home Order  On April 29th, Governor Doug Ducey extended Arizona’s “Stay Home, Stay Healthy, Stay Connected” order through May 15th, with a number of modifications. (Source: Valley Partnership)  Governor’s Office Issues Extension Guidance 

Budgets & Funding

COVID-19 News Round-up for April 28

Policy & Stimulus News  Congress OKs New $484B Stimulus, Relief Package  The House approved a nearly half-trillion-dollar emergency bill that provides more funds for struggling hospitals and will rescue a small business loan program that was quickly