Round 2 of the Paycheck Protection Program (PPP) begins this morning, as the Small Business Administration accepts new applications for the potentially forgivable federal loans.
However, businesses with employees, sole proprietors and independent contractors need to act now if they hope to tap into the new $310 billion pool of funding, according to Bruce Nordstrom of Nordstrom & Associates P.C. in Flagstaff.
Probably the biggest economic news right now is the Paycheck Protection Program (PPP), the pool of almost $350 billion in forgivable small business loans that is one of the main components of the federal Coronavirus Aid, Relief and Economic Security (CARES) Act.
Today’s bulletin will be a little different as we do a deeper dive on this one topic – what the PPP is supposed to do, the hurdles and hiccups it has faced in its first week, and how the government and financial institutions are responding.
As government response to the coronavirus outbreak increases, there’s news to report on many levels that affects northern Arizonans and our business community, so let’s dive in.
Dear Friend, Hope this email finds you and yours healthy and safe. We have more local economic news to share ranging from a local video (that hopefully will make you smile) to new services at the county, state and federal level as…
Dear Friend, TGen North, the Flagstaff-based division of the Translational Genomics Research Institute, has developed a test for the coronavirus and anticipates being able to deploy it in the near future. “This is part of our role as a…
Dear Friend, The Flinn Foundation will be hosting its annual luncheon in Flagstaff next month to discuss progress made on the Arizona Bioscience Roadmap, the long-term strategic plan to make the state competitive and a national leader in select areas of…
Dear Friend, W.L. Gore & Associates has been making an impact on Flagstaff as the city’s largest corporate employer and a committed community member for the past half century. For 21 of those years, the company also has been named as…
Click here for more information on ECoNA Dear Friend, Greetings from Anaheim, California, and Medical Design & Manufacturing (MD&M) West – the world’s largest trade show for MD&M companies. More than 20,000 bioscience professionals are here, including representatives from W.L. Gore, POBA…
Dear Frank, I am very excited to be serving as the Interim President and CEO of the Economic Collaborative of Northern Arizona (ECoNA) and wanted to take this opportunity to share with you some of the experience I bring to this…
Dear Friend, As many of you know, I’m entering into my last few weeks as head of the Economic Collaborative of Northern Arizona and, indeed, as a resident of this great state. Nov. 30th will be my official last day,…
Dear Friend, Dr. Jennifer Golbeck, a computer scientist who is an expert in social networks, social media, privacy and security on the web, will be the keynote speaker at the 44th Annual Economic Outlook Conference next month at Northern Arizona…
Since the start of the year, four of northern Arizona’s major arts organizations have undergone a change in leadership. With the arts being one of the our region’s major economic drivers, we wanted to check in with these new executives…
Click here for the entire e-newsletter Since the start of the year, four of northern Arizona’s major arts organizations have undergone a change in leadership. With the arts being one of the our region’s major economic drivers, we wanted to check…
As Northern Arizona University students return for the fall term later this month, many will be looking for the chance to use what they’ve learned so far through internships. Some are working for course credit, some are meeting…
School may be out for summer, but a group of 23 educators in Flagstaff recently embarked on a 14-month program designed to foster strong learning environments and provide executive leadership training to current administrators and aspiring educational leaders. The first unit of the…
Discover Flagstaff, formerly the city’s Convention & Visitor Bureau, has always known how to leverage Northern Arizona’s assets to draw tourists – and their dollars – to our region. From skiing and snowplay in winter to food, beer and music festivals…
Warmer weather means blockbuster movies in the theaters and this year is no exception. Avengers: Endgame is closing in on $3 billion (yes, that’s a “b”) in worldwide ticket sales after being out a month. Meanwhile, a lot…
With graduation weekend just behind us, we read with interest a report from Northern Arizona University that included some unique statistics about NAU’s positive impact in the community. Typically when we get these reports, the takeaways are the…
Click here for more information Each year, the Flinn Foundation provides an update on the state’s Bioscience Roadmap, a collaborative plan that will continue until 2025 to make Arizona a leader in select bioscience fields. Earlier this month,…
Hello, There’s some good news for our small businesses in northern Arizona and around the state that I’m pleased to share with you today. The Arizona Commerce Authority is offering to reimburse businesses up to 75 percent of…
, It’s been almost two years since Goodwill Industries of Northern Arizona (GINA) merged with its sister to the south, the Phoenix-based Goodwill of Central Arizona. We wanted to check in to see how the nonprofit is continuing its unique…
Arizona Snowbowl is breaking records faster than Bode Miller skiing downhill. On the heels of an exceptionally busy two-week holiday season at the end of last year, the ski resort saw 80,000 visitors in January and another 64,000…
Click here for more information In recent years, Flagstaff has made a name for itself as a pioneer of responsible, earth-friendly building practices, particularly the construction of large-scale “green” projects designed to ensure energy efficiency. One of the leaders…
Click here for more information The Town of Tusayan would be the perfect place to call home for those who work at the Grand Canyon National Park or the many tourism enterprises in the area. It’s in a picturesque…
Click here for more information One of the many ways ECoNA measures the state of our regional economy is looking at amounts of jobs in the annual wage survey from the Bureau of Labor Statistics for our area. Digging into…
Click here for more information Lowell Observatory holds a special place both in the lives of those fortunate enough to live in or visit Northern Arizona and in the scope of astronomical research. Established in 1894 to closely observe Mars,…
