At Azavar, we’ve been a partner to local governments for 25 years, helping grow incremental revenue, stabilize revenue, and stay on top of changing market conditions, from short-term rentals to cable cord-cutting. But the pandemic has sharpened our focus to helping connect municipalities with the funding it needs for the most critical services.
Many local governments across the country have experienced devastating losses due to COVID-fueled lockdowns. Vaccination rates are growing rapidly, but in urban centers it can still be a Sisyphean effort to get jabbed.
In just 2020 alone, more than six million Americans nixed cable service in favor of getting content from a streaming platform. Some of the reasons include a desire to save on the cost of a costly cable package, lack of interest in much of what cable offers, and increased content quality from competitors.
One of our staffers was scrolling through Instagram the other day and was struck by the sheer number of ads for travel. Almost every ad was for some kind of bed-and-breakfast, outdoor adventure experience, glampground, big-name short-term rental service, etc.
Starting this Wednesday, the Biden Administration is limiting applications for the Paycheck Protection Program exclusively to businesses with fewer than 20 employees. This small-business-only period will last for 14 days and allow lenders to focus on the needs of these businesses, which comprise 98% of small businesses.
We’re excited to offer that keen insight and real dollars to our new customer, Bedford, Texas, through a series of in-depth revenue reviews and short-term rental administration.
At Azavar, we always encourage communities to take a keen eye to its revenue receipts. Whether you’re talking about hotel-motel or sales taxes, franchise or short-term rental fees, it’s important to do stay on top of what’s coming into your community coffers. But it’s so hard for finance teams to find the time and resources to conduct in-depth revenue reviews.
That’s why we’re excited to partner with Calumet Park, Illinois to review this city’s hotel-motel taxes.
