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Commerce Authority loan aimed at saving Snowflake railway
A provision in the recently passed budget throws a lifeline to Snowflake by authorizing the Arizona Commerce Authority to issue a $2 million loan to help the town prevent a critical railway spur from being sold for scrap metal.
City of Phoenix to invest money with local banks
The city of Phoenix is launching a plan to invest up to $50 million in public money with banks and credit unions in the metro area with the goal of providing them with the capital to make loans to businesses and individuals.
Disaster loans available to Arizona businesses
The federal government is offering low-interest loans to small businesses in Arizona that were affected by flooding or winter storms.
October marks 15th straight month of revenue declines
State tax collections continued their downward slide in October, with revenues for the month coming in more than $140 million below forecast and the state slipping deeper into a sea of red ink.
