Flagstaff Business & Online News | Northern Arizona Local Newspaper
Flagstaff Business News is a newspaper and online news source covering Northern Arizona's most influential business leaders and delivered to high income residents and local businesses.
The Governor’s Office announced on Thursday that the process has begun to distribute $370 million in federal CARES Act funds to public and charter schools in the state.The Enrollment Stabilization Grant (ESG) Program, a form of COVID relief funding, has allocated a total of $716 million toward Arizona K-12 schools.The program was first announced as […]
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” […]
Arizona senior Senator Kyrsten Sinema cosponsored the bipartisan Save Our Rural Health Providers Act, which allocates 20% of all remaining CARES Act Provider Relief Funds as well as any future funds, to rural health care providers in Arizona and across the United States to combat the coronavirus outbreak. “Arizona’s rural health providers need support to […]
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 senior Senator Kyrsten Sinema called on Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell to quickly make adjustments to the Main Street New Loan Facility and Main Street Expanded Loan Facility so Arizona small and mid-size businesses can get needed economic relief during the coronavirus pandemic. “Arizona businesses need economic relief now. […]
U.S. Senator Martha McSally (R-AZ) introduced legislation today to support the safety of consumers and employees during the reopening of the American economy. Her bill would aid small businesses with necessary safety improvements and short-term purchases of personal protection equipment (PPE). The Main Street Enhancement and Safety Act would extend loan forgiveness under the Paycheck […]
Coconino Community College has begun distributing money to qualified students from the federal CARES Act stimulus package. About $550,000 is being awarded to qualifying students for the spring and summer semesters. The current estimate is that 744 students qualify for the $600 CCC CARES Act Grant for the current spring semester because they were impacted […]
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 […]
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, […]
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 […]
