City of Phoenix Formulates Coronavirus Relief Plan
The City of Phoenix is now deciding how to spend $293 million that they have received from the federal government for COVID-19 relief. The focus has been on financial assistance for residents and small businesses. They have approved adding $5 million in additional funding to the small business grant program administered by the Phoenix IDA, which quickly ran out of funding due to a high need in the community. They additionally approved providing $6 million in grants to microbusinesses (with 5 or less employees) and sole proprietors. Finally, they approved $20 million in rent, mortgage and utility assistance for residents affected by COVID-19. The rest of the expenditures in the city’s Coronavirus Relief Fund plan are here in detail.
City of Phoenix Formulates Coronavirus Relief Plan
The City of Phoenix is now deciding how to spend $293 million that they have received from the federal government for COVID-19 relief. The focus has been on financial assistance for residents and small businesses. They have approved adding $5 million in additional funding to the small business grant program administered by the Phoenix IDA, which quickly ran out of funding due to a high need in the community. They additionally approved providing $6 million in grants to microbusinesses (with 5 or less employees) and sole proprietors. Finally, they approved $20 million in rent, mortgage and utility assistance for residents affected by COVID-19. The rest of the expenditures in the city’s Coronavirus Relief Fund plan are here in detail.