NoCo Newsletter | April 29, 2020

• Colorado enters "Safer At Home" phase, with some local governments extending "Stay At Home" measures.

REAL ESTATE & BUSINESS NEWS

• Polis issues 'Safer at Home' executive order
  
• FAQ: What do new 'safer-at-home' coronavirus guidelines mean for you in Larimer County?
  
• University of Washington coronavirus modeler: Data showing 'the worst is behind us'
  
• Carson says 'about 98 percent' of people who get coronavirus will recover: 'We can't operate out of hysteria'
  
• $5M Larimer County Recovery Loan Fund for coronavirus open for business
  
• A Consultant Expects Fewer Distressed Land Sales This Year. Here's Why
  
• Coronavirus pressures US manufacturers to bring plants home from China
  
• More Apartment Operators Move to Flex Payment Models
  
• Rent Payments Hit 89 Percent
  
• Construction Starts Lag Amid Pandemic
  
• King Soopers submits new plans for new Midtown Fort Collins grocery store
  
• How hotels may change for the post-coronavirus era
  
• After coronavirus outbreak, Greeley meat plant to reopen under new restrictions
  
• J.C. Penney in Advanced Talks for Bankruptcy Financing
  
• Gap stops paying rents, warns it might not have enough cash for operations
  
• Weld County commissioners pull out of Windsor sports complex project, angering town officials
  
• Trammell Crow settles bid-rigging accusations in Denver convention center expansion
  
• Moody's Considers Downgrading $6.2 Billion in CMBS Loans
  
• Some CRE Lenders Are Feeling the Squeeze on Liquidity
  
• Greeley Stampede scrapped this summer over coronavirus concerns
  

ECONOMIC & EMPLOYMENT NEWS

• University of Washington coronavirus modeler: Data showing 'the worst is behind us'
  
• U.S. Economy Shrank at 4.8% Pace in First Quarter
  
• Fed Expands Corporate-Debt Backstops, Unveils New Programs to Aid States, Cities and Small Businesses
  
• Senate passes $484B 'Phase 3.5' coronavirus stimulus package by voice vote amid tensions in chamber
  
• House Approves $484 Billion Bill to Aid Small Businesses, Hospitals
  
• Multibillion-Dollar Tax Muddle Hovers Behind Small-Business Loan Program
  
• Small businesses at starting gate for round two of the Paycheck Protection Program
  
• Round 2 of Paycheck Protection Program frustrates Colorado lenders, small business owners
  
• NoCo foundation, United Way issue second round of grants
  
• When it comes to stimulus money, Colorado urging residents and businesses to grab what they can
  
• U.S. Jobless Claims Top 26 Million Since Start of Shutdowns
  
• Unemployment surge hits mountain counties hardest, followed by northern Front Range
  
• Oil-Price Crash Deepens, Weighs on Global Markets
  
• Government & COVID-19: Steep oil revenue declines projected in 2022
  
• Why Morgan Stanley Raised Its Year-End Target for the S&P 500 to 3,000
  

GOVERNMENT & INFRASTRUCTURE

• Linden Street transformation in Old Town Fort Collins postponed until 2021
  
• Northern Water sets quota at 70%
  
• Northern Colorado airport receives $17M grant. That's nearly 10 times its annual budget
  
• Greeley Business Resources
  

COMMUNITY & OTHER INDUSTRY NEWS

• Support Local Biz & Thank Emergency Medical Staff
  
• NoCoRecovers.com: Your One Stop Shop for Recovery Information in Northern Colorado
  
• Johnstown Small Business Micro Grant Program Now Open
• Northern Colorado COVID-19 Response Fund: Support Local Non-profits.
  
• Want to help your neighbors? Consider a donation for emergency rent assistance