As medical experts and scientists battle COVID-19 and its variants, some consider the newest battle to be coronavirus fatigue: a disinterest in wearing masks, social distancing, sanitizing and practicing other public safety measures following the many months of staying at home and avoiding public gatherings. One business armed and fighting that war is Southern Solutions Environmental (SSE). Two cousins from Tennessee began this small decontamination startup in November 2019, just before the … [Read more...] about Disinfecting in Hopes of Reopening the Navajo Nation
CARES ACT
Chamber Business News: CARES Act And Arizona Come Together For Schools In Pandemic
Federal lifelines from the federal CARES Act are not only aiding small businesses and individuals in Arizona to survive the pandemic, they are helping schools navigate new challenges, as well. In total, Arizona will collect $1.8 billion from the CARES Act. Of that, education is receiving an estimated $626 million. That relief has been “critical” for keeping students educated and safe as schools statewide cope with the financial realities of COVID-19, said Arizona Superintendent of Public … [Read more...] about Chamber Business News: CARES Act And Arizona Come Together For Schools In Pandemic
Arizona Headed For Faster Economic Recovery Than Rest Of Nation
Arizona is positioned for a faster economic recovery than the rest of the nation, and with some strategic moves on the part of state policymakers and citizens, it should jump back to a leading spot within next year or so, according to local economists. “We have the chance for this to be one of the best decades ever, but it’s going to take more work to be in the top five again in terms of economic activity,” said Jim Rounds, president of Rounds Consulting Group, Inc. that advises both public and … [Read more...] about Arizona Headed For Faster Economic Recovery Than Rest Of Nation
Is PPP The Right Approach to Keeping Businesses Alive? One Startup’s Research Says No
PPP and other Cares Act funding was released to businesses under the disguise of ‘trying to keep them alive’. This is because governments know that businesses are the touchstones of local economies. They are the source of jobs, commerce, and vital services. However, we keep seeing the negative news headlines daily, as small businesses continue to fail despite over $6 trillion in relief. 20% to 40% of small businesses are closing their doors in America, and this is amidst PPP relief … [Read more...] about Is PPP The Right Approach to Keeping Businesses Alive? One Startup’s Research Says No
U.S. Department of Commerce Invests $1.2 Million in CARES Act Funding to Help Small Businesses in Arizona
U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the PPEP Microbusiness and Housing Development Corporation, Tucson, Arizona, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to small businesses and entrepreneurs in Arizona adversely affected by the coronavirus pandemic. “President Trump is working diligently … [Read more...] about U.S. Department of Commerce Invests $1.2 Million in CARES Act Funding to Help Small Businesses in Arizona
McSally Urges Improvement to Small Business Disaster Loan Program
U.S. Senator Martha McSally (R-AZ) and a group of senators are requesting that the Small Business Administration (SBA) expedite the $10,000 Economic Injury Disaster Loan (EIDL) advances urgently needed by Arizona small businesses. In a letter to SBA Administrator Jovita Carranza, the senators urge the administrator to expedite the $10,000 advances to be received within three days, remove the per-employee cap on advance grants, and restore the maximum loan amount to $2 million. This letter … [Read more...] about McSally Urges Improvement to Small Business Disaster Loan Program
Treasury Launches New Tool for State, Local, Tribal Governments to Collect Coronavirus Relief Funding
U.S. Senator Martha McSally (R-AZ) shared the following information regarding a new web tool launched Friday by the Treasury Department to allow state, local, and tribal governments receive funding to help offset the costs of their coronavirus response as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Once registered through this portal, states and territories will receive promptly half of the funds allocated to them pursuant to the CARES Act. This will fast-track the … [Read more...] about Treasury Launches New Tool for State, Local, Tribal Governments to Collect Coronavirus Relief Funding
New Assistance Available To Support Arizona Small Businesses
Arizona small businesses adversely impacted by COVID-19 have limited time to benefit from important benefits passed along with the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. Known as the Paycheck Protection Program, small businesses can apply for 100% federally guaranteed loans for an amount up to 2.5 times their average monthly payroll expenses for the prior year. Funds provided in the form of loans will be fully forgiven if all employees are kept on the payroll for … [Read more...] about New Assistance Available To Support Arizona Small Businesses
