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.

Published On: May 7th, 2020Categories: Community News

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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.

Published On: May 7th, 2020Categories: Community News

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