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The Phoenix IDA, in coordination with the City of Phoenix and funders including the Arizona Community Foundation, the Phoenix Community Development & Investment Corporation and Arizona Public Service, is offering grants of up to $10,000 to local small businesses experiencing economic distress and sudden loss of revenue due to the COVID-19 pandemic.
Relief grants are intended to help for-profit small businesses keep employees on payroll and meet other necessary operating costs. Preference will be given to small businesses owned by veterans and underrepresented groups located in economically distressed areas of Phoenix. To qualify, a small business must meet criteria noted here.
– The Arizona 100 reports