PPEP gets funding for rural micro-loans
Tucson-based PPEP Inc. has been awarded a federal loan of $500,000 and a grant of $105,000 to provide micro-loans and technical assistance and training to small businesses in rural Arizona.
PPEP is the only Arizona recipient of the funding under the U.S. Department of Agriculture's Rural Microentrepreneur Assistance Program. PPEP offers loans through its PPEP Microbusiness & Housing Development Corp.
To be eligible, borrowers must be in rural communities under 25,000 in population, though Casa Grande qualifies under an exemption. Details of the loan program are expected to be finalized by mid-December, PPEP founder and CEO John Arnold said.
NW Medical Center CEO stepping down
Northwest Medical Center CEO Paul Kappelman is resigning to pursue a career opportunity in Dallas, the hospital said Tuesday.
A national search for a new CEO is under way. Kappelman began his career at the hospital in 1998 as assistant CEO and headed Oro Valley Hospital before returning to NMC as CEO in 2007.