Your Local SBA

AMERICAN RECOVERY & REINVESTMENT ACT OF 2009 - "THE STIMULUS PACKAGE"
 

The U.S. Small Business Administration – Arizona District Office – welcomes you to this quick link that provides Arizona specific information concerning President Obama’s AMERICAN RECOVERY & REINVESTMENT ACT OF 2009.

This web page contains a number links and download information resources for Arizona small businesses including:

  • Information Regarding the 2008 Stimulus Plan for Small Businesses in Arizona that includes parts specific to the tax benefits from the Stimulus Package and other programs to help in the recovery from the economic downturn. 
    Please use this quick link to the On-Line Registration: STIMULUS MEETINGS

  • On-line seminar
    Link to SBA’s On-Line Seminar that summarizes the tax benefits from the American Recovery & Reinvestment Act.  This excellent on-line information seminar concludes with the Depreciation Calculator.

  • Work Opportunity Credit for Hiring Disadvantaged Employees
    The Work Opportunity Credit provides eligible employers with a tax credit up to 40 percent of the first $6,000 of first-year wages of a new employee if the employee is part of a “targeted group.”  An employee with a disability is one of the targeted groups for the Work Opportunity Credit, provided the appropriate government agencies have certified the employee as disabled.  The credit is available to the employer once the employee has worked for at least 120 hours or 90 days. Employers claim the credit on Form 5884, “Work Opportunity Credit” form.

    The “targeted group” includes qualified recipient of Temporary Assistance for Needy Families (TANF), qualified veteran, qualified ex-felon, designated community resident, vocational rehabilitation referral, summer youth employee, and SSI recipient.

    For more information, consult with your tax professional or visit IRS web site at www.irs.gov

  • A depreciation calculator
    Link that provides an estimate of the first year depreciation available under the provisions of the Stimulus Package.

  • Contracting Opportunities for Small Businesses
    Link to www.FedBizOpps.gov identifies all solicitations or contracts for small businesses funded by the stimulus package.  This is the OFFICIAL website that Arizona small businesses should visit if interested in procurement opportunities arising from the American Recovery & Reinvestment Act of 2009.

    Looking for examples of stimulus contract opportunities in Arizona?
    This web site (www.stimuluswatch.org) contains an incomplete list of "shovel-ready" projects the mayors of various states submitted for the 2008 U.S. Conference of Mayors report.  These projects were identified by local governments as meeting the funding definition contained in the pending stimulus legislation at that time.  Accordingly, many are unfunded or local communities may not be identified.  However, it will give you an idea of how many and what types of projects local governments were contemplating.

    You can click on a proposed project to read its description then contact the local government authority to see if it is still planned as part of the American Recovery & Reinvestment Act of 2009.  For a local view, you can drill down to projects in a particular city or by “project type.”

    Local Contracting Information
    Where do you begin the process of getting a government contract? We recommend that you visit our Arizona contracting website here.  Carefully read the information available then reigster to attent the free, two-hour Monthly SBA Procurement Workshops.

    List of Federal Contracting Officials and SBA's 12-Step Process
    This document highlights SBA's successful 12-step procedural process essential for success in the government contracting area.

  • RECOVERY.GOV
    This is the official web site concerning information about the stimulus recovery package including topics about Federal grant awards, how the money is being spent – by agency and state – and information regarding oversight.

  • STATE OF ARIZONA RECOVERY WEBPAGE
    This link is to the State of Arizona webpage.

  • SBA Procurement Workshops
    Want to know how to become a SBA-certified contractor to compete for contracts contained in the stimulus package? Attend this free workshop that explains the benefits, process, and paperwork. 

  • Homeowner Affordability and Stability Plan
    Link to information for struggling small business owners that have their homes pledged as collateral for business loans.  Program allows them to modifying personal home loans or refinance into lower-cost loans with little or no equity.  The Government will help subsidize the loan costs.  AVAILABLE FOR SELECT HOMEOWNERS!  WILL NOT HELP EVERYONE.
  • Managing Your Business In A Time of Adversity
    Sound advice for small business owners on how to manage the downturn in the economy. 

  • Elements of A Business Recovery Plan
    Sample business recovery plan to follow when your business has suffered significant economic impact and a major change in direction is required to save the business including a request to creditor(s) for a loan(s) workout.  Used to submit written request to a lender for a change in loan terms, collateral, deferment, or major workout. 

  • SBA Lending Partners
    If you need to know which SBA participating lenders (banks, credit unions and small business lending companies) are located in your market area, please click on this “Financing” link and it will take you to information about SBA loans and our lenders.  Under Step 3, there is a link to download a listing of all participating SBA lenders.  However, before you approach a lender, we strongly recommend you attend a free SBA LOAN CLINIC discussed below.

  • SBA LOAN CLINICS – Free
    These free information seminars about SBA loans is open to all small businesses in Arizona. 

  • SMALL BUSINESS COUNSELING – Free
    Link for small business owners that are seeking advice and counsel on managing the impact of the economic downturn should call our office at (602) 745-7200 for referral information to a counselor.  There is no charge for their services.