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
CARES
Prescott Releasing CARES Funding to Aid Recovery
The Prescott City Council has released a portion of the nearly $5.1 million in reimbursements from the federal Coronavirus Aid, Relief and Economic Security (CARES) Act to support business tourism and technology incubation in downtown and North Prescott. The CARES allocation reimburses the city for COVID-related public safety expenditures during the last fiscal year. The council unanimously approved four motions to allocate the funds: 1) Approve $60,000 for business tourism and attraction … [Read more...] about Prescott Releasing CARES Funding to Aid Recovery
Sinema Urges Treasury and Federal Reserve to Adjust Main Street Loan Programs
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. I am thankful for the steps the Federal Reserve has taken to stabilize our economy during the ongoing public health … [Read more...] about Sinema Urges Treasury and Federal Reserve to Adjust Main Street Loan Programs