The department store chain J.C. Penney declared bankruptcy on Friday, after a slow and arduous decline in sales of that iconic group of shopping centers in the United States. JC Penney with 118 years of operation, the iconic North American department chain has been hit by debt and the
FINANCE
The We Are One/Somos Uno Resiliency Fund from the Business Development Finance Corporation (BDFC) has zero percent loans available for Tucson small businesses. Since the loan program rolled out in April, more than $300,000 of the $1 million authorized by the Tucson Mayor and City Council to assist local small businesses has been awarded. The […]
The Tucson Mayor and City Council authorized $1,000,000 for small business loans to mitigate the financial impacts of COVID-19. Business Development Finance Corporation administers the City’s loan program and is taking applications until midnight May 26 at www.bdfc.com. Since the loan program rolled out in April, more than $300,000 has been awarded
Tucson Mayor & Council invest an additional $5.5M in Tucson’s recovery: grants for small business and non-profits, assistance for workers & families Mayor Romero, Vice Mayor Cunnningham, and Council Member Santa Cruz released the following statement after the Tucson Mayor & Council unanimously approved an additional $5.5M from the City of Tucson’s
04/29/2020 PHOENIX — Governor Doug Ducey today announced an extension of physical distancing measures while laying out a step-by-step approach to continue reenergizing Arizona’s economy. The Governor today issued an Executive Order extending Arizona’s Stay Home, Stay Healthy, Stay Connected Order until May
https://www.surveygizmo.com/s3/5552184/COVID-19-Business-Human-Impact-Survey-2nd-Survey Everyone is scrambling to manage their business in response to COVID-19. All of us are overwhelmed with a flood of information that can change quickly. Numbers are critically important to tell the collective story of the COVID-19 virus impact on our business community
By the IRS Here is what you need to know about your Economic Impact Payment. For most taxpayers, payments are automatic, and no further action is needed. This includes taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees. Who is eligible? U.S. residents will receive the Economic Impact Payment of […]
NOTE: The CARES Act has changed eligibility and bene t amountsfor Unemployment Insurance. View information on the CARES Act Questions and Answers II DES is committed to ensuring Arizonans get the help they need. The below questions re ect therequirements of the program under current law. However, we are monitoring potential changes in federal and […]
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
Why is Congress proposing to pay rebates to individuals? The public health and economic consequences of COVID-19 are significant. These rebates help Americans afford what they need during this public health crisis, as many are experiencing a significant cash crunch. When will the rebates be distributed? The Internal Revenue Service (IRS) will work to deliver […]
