Posts in tag

small businesses


Mayor Eric Adams is expected to announce on Friday that restaurants and other indoor venues no longer have to check customers’ COVID vaccination status, prompting jubilation from much of the restaurant industry. Still, some landlords decide to keep a vaccination mandate in place, or are considering it, while remaining uncertain of how their customers will …

MONTGOMERY— Governor Kay Ivey on Wednesday recognized seven Alabama companies for successfully selling their goods and services to markets around the world, helping to support robust export business that is creating jobs and driving economic growth throughout the world. the state. In addition, Governor Ivey recognized William Cummins, state executive director of the Alabama Small …

The journey to position Ecobank Nigeria as one of the top three banks in the country is fast gaining traction and recognition. The Nigerian franchise of the Pan-African financial institution, Ecobank Transnational Incorporated (ETI) is making good its mission of becoming the most preferred lender in the country. During the outgoing year, in particular, the …

BOSTON (AP) – Staff absences for COVID-19 tripled in London hospitals this month, and nearly 10% of the city’s firefighters said they were sick. In New York City, about 2,700 police officers were absent earlier this week, double the number of people sick on average. And in Cape Cod, Massachusetts, grocer Judy Snarsky says she’s …

China recently applied to join the Digital Economy Partnership Agreement, a trade agreement aimed at improving collaboration and trade in the digital economy signed by three Pacific countries – New Zealand, Singapore, and Chile. There are many ways in which China would stand to benefit from joining the agreement, but the country’s recent tightening of …

TORONTO – The economic effects of the COVID-19 pandemic are preventing businesses from finding workers as labor shortages continue to block some sectors. Businesses large and small say they are struggling to find staff and employers are offering more incentives to attract workers, such as higher wages, bonuses and flexible hours. However, for industries trying …

BSP targets unbanked sector for QR PH By Lee C. Chipongian The central bank and the payments industry will roll out the Quick Response or QR Ph person-to-merchant (P2M) payments “in the coming days” to enable the unbanked small businesses, tricycle drivers, market vendors, and sari-sari store owners to transact digital payments. BSP to launch …

Families with kids in school will pay around $850 on average for supplies this year, according to the National Retail Federation. Parents of college students face a heftier bill — $1,200 on average per family — on top of tuition and room and board. There are a bunch of other pandemic-related supplies that may push those numbers …

By NJUGUNA NDUNG’U In just about a decade and a half, M-Pesa has evolved massively. Today, it has a lot more capabilities and functionalities. This has seen it transform from a one person-to-person money transfer platform within the country into a sophisticated fintech platform. Presently, it supports electronic payments, airtime top up/transfers, mobile banking, digital …

By way of background, the budget that the president submits to Congress contains estimates of federal government income and spending for the upcoming fiscal year and also recommends funding levels for the federal government. Congress then considers and passes appropriation bills. If Congress does not pass all appropriation measures by the start of the fiscal …

CARSON CITY — Lawmakers passed some 565 bills in the 2021 session, from expanding voting procedures and decriminalizing speeding tickets to banning certain types of weapons without serial numbers and raising taxes on the mining industry to fund education. With the session only just ended, bills they enacted are still making their way to the …

India Inc. is in favor of the government announcing a back-up plan to protect the livelihoods of workers, small businesses and certain sectors affected by the second wave of the coronavirus pandemic, while a stimulus package may wait until the country is fully unlocked. Although the Center did not announce a national lockdown during the …

The journey of Central American migrants to the US border – a perilous journey through thousands of miles of mountains and deserts – begins in places like the dry corridor of western Honduras. Many of the region’s 1 million smallholder farmers still live in mud huts with no running water. Corrupt Honduran officials have invested …

Business executives in the two largest economies in the Gulf Cooperation Council region of the Middle East say they are already purchasing much of their supplies online, and a big majority expect business-to-business ecommerce to become more important in the years ahead. In the survey commissioned by B2B marketplace operator Tradeling, 47% of business executives …

May 21, 2021, 1:18 PM If you were worried about your savings at a time of financial uncertainty—say, the looming threat of inflation—would you hand your money over to Elon Musk? True, the Tesla founder is a brilliant investor and worth a mint, but he is also volatility itself, prone to strange, sudden shifts of …

Paycheck Protection Program Is Too Complex Compared to How the $2.2 Trillion Stimulus Package Distributes Money to Less Deserving Big Businesses: Our View The Editorial Board | USA TODAY Advice on how to deal with financial stress and ways to seek help Marriage and family therapist Adriana Alejandre shares tips for dealing with money anxiety …

RALEIGH (WTVD) — Applications are not yet available on websites, but Raleigh small business owners will soon be able to apply and get up to $10,000 in grants to address revenue devastation from the pandemic. The Raleigh City Council unanimously approved the Small Business Assistance Program. COMPLETE CORONAVIRUS COVERAGE Mayor Mary-Ann Baldwin began cheering after …

The Paycheck Protection Program is one week into its second round of small business funding during the coronavirus outbreak. Some financial technology companies, also known as fintechs, have obtained permission from Congress to offer these loans. They include PayPal, Square, Intuit, Kabbage and others. The hope is that they can get money for people and …

A year ago we announced the news this payment giant Bandaged was quietly taking its first step into business financing by testing a cash advance service to existing customers. Now, nearly 12 months later, the company finally unveils an official product: today, starting first in the United States, it is launching Stripes Capital, a service …

Dive Summary: Chinese e-commerce conglomerate Alibaba launched an interest-free financing option on Tuesday, Payment terms, which will allow businesses to delay most of their payments for up to 60 days after a purchase is shipped, although late fees may be charged. Alibaba plans to charge a 2.2% fee to participating companies that sell items on …

GRAND RAPIDS, Michigan (WOOD) – A Grand Rapids-based restaurant company is one of the largest companies that received millions from a federal loan program aimed at helping small businesses get through closures aimed at slowing the spread of the coronavirus. . Meritage Hospitality Group Inc., which owns the Wendy’s, Twisted Rooster and other restaurant franchises, …

But in a state that faces a 6.5% unemployment rate Last August, a North Carolina woman allegedly used a $ 149,000 Covid-19 relief loan to purchase items from companies such as Louis Vuitton, Nordstrom, Neiman Marcus, IKEA, and various diamond stores. Jasmine Johnnae Clifton, a 24-year-old Charlotte resident, appeared in federal court this week after …

Desiree Byrd has a vision for her stimulus check from the new COVID-19 relief plan. The 35-year-old Detroit is a mother of four and a vital worker, so she has plenty to do. And she plans to invest half of her check for $ 1,400 in the creation and distribution of senior care packages. Desired …

For Peggy Meier, finding a business or economic disaster loan as the coronavirus continues to spread across the country means saving her business. Meier, which operates John Meier and Sons Hardware in Murrysville, now in its third generation, is considering a temporary shutdown – a move it has been arguing with for three weeks – …

The coronavirus has created chaos for many businesses, large and small, which have been forced to shut down or scale back their services due to the outbreak. The Treasury therefore recently announced another measure of financial support which aims to come to the aid of another category of British companies, in the form of what …

Click to enlarge Twitter / TedCruz Pastor John Hagee poses with Republican Senator Ted Cruz of Texas. Pastor John Hagee of Cornerstone Church may not like the government telling him when he can reopen his private school of 1,300 students or give alms to his flock. But, apparently, he doesn’t mind asking Uncle Sam for …

As the United States grapples with the impact of the coronavirus crisis, the federal government has given the banking system a critical role to play in helping individuals and small businesses weather economic disruption. Thanks to stimulus checks valued at $ 1,200 and the Paycheck Protection Program (PPP) which received a $ 320 billion injection …

Some Beaufort County small business owners will receive help keeping their employees and learning skills to keep businesses afloat thanks in part to a half-million dollar reward from a major bank. The Beaufort County Black Chamber of Commerce received $ 500,000 from Wells Fargo as part of a program to help small businesses during the …

BRAINTREE – One of the biggest winners from the first two rounds of the Paycheck Protection Program in Massachusetts and the South Shore is the Archdiocese of Boston, according to an analysis by The Patriot Ledger and a national investigation by The Associated Press. On the south coast, the church raised $ 13.62 million involving …

NEW YORK (AP) – When the coronavirus pandemic caused a vast economic downturn and unemployment rates during the Depression, Washington responded with trillions of dollars in federal aid. A centerpiece was the $ 659 billion paycheck protection program. Congress created the program to help small businesses and nonprofit groups – typically those with fewer than …

By Howard Schneider, David lawder WASHINGTON (Reuters) – The massive effort by the U.S. government to care for the economy through the coronavirus crisis was heralded as a flood of cash to send money and not worry about the details to people and businesses in a system of $ 22 billion that has been stopped. …

This is an archived article and the information in the article may be out of date. Please look at the history’s timestamp to see when it was last updated. KANSAS CITY, Mo. – Critics are mixed on the success of a $ 350 billion federal stimulus package designed to help keep struggling businesses afloat. While …

WASHINGTON— Jovita Carranza, the newly appointed director of the Small Business Administration, just found herself leading the charge on a front in the epic battle against the coronavirus pandemic. With the pandemic threatening to engulf many of the nation’s 30 million small businesses, Carranza, 70, is now the Trump administration’s key person in propping up …

Working in partnership with nine local economic development organizations, the Michigan Economic Development Corporation has awarded $ 4.35 million to 74 small businesses in 40 Michigan counties in the first round of low-interest loans made through the Small Assistance Program. Michigan Companies, MEDC announced today. Today’s support is based on $ 10 million in grants …

Source: Shutterstock. Credit unions are starting to apply for Payroll Protection Program (P3) funding after a bumpy takeoff on April 3. Taylor C. Nelms, senior research director at the Filene Research Institute, the nonprofit think tank for credit unions in Madison, Wisconsin, said credit unions were receiving a massive demand for forgivable loans in a …

By Aftab Ahmed, Abhirup roy NEW DELHI (Reuters) – India’s $ 266 billion economic rescue package is primarily based on boosting business credit, but contains little new government spending, tax breaks or cash support to jumpstart demand and prevent companies collapse, say business leaders and economists. FILE PHOTO: Migrant workers rest as they wait to …

A new round of paycheck protection program money will begin to be available to some lenders and borrowers on Monday, according to senior administration officials. Community financial institutions – around 10% of eligible lenders – will be able to start accepting loan applications on Monday for entities seeking their first PPP loans. Those same lenders …

(WXYZ) – In the midst of this pandemic, many of us have reached lows we could never have imagined. But here we are, trying to overcome this new normal, both mentally and financially. we know it has not been easy. So yesterday we launched a new special initiative The Rebound Detroit, our effort to give …

WASHINGTON – Months before Navatek LLC CEO Martin Kao was arrested on federal charges of defrauding the Paycheck Protection Program intended to help small businesses stay afloat during a deadly pandemic, he sent an email company-wide email to your employees assuring them that their jobs were safe. But he also made it very clear that …

While a record number of jobless claims continues to pour in across Minnesota, small business owners who don’t qualify for unemployment benefits are still trying to stay afloat. In response, Gov. Tim Walz on Monday afternoon signed an executive order authorizing the Minnesota Department of Employment and Economic Development (DEED) to create an emergency loan …

Faced with empty churches and an unprecedented drop in weekly giving, New Jersey’s five Catholic dioceses used a special exemption to apply for taxpayer-funded loans through a federal program designed to help keep small businesses afloat during the coronavirus pandemic. The Archdiocese of Newark and the Dioceses of Metuchen, Paterson, Trenton and Camden received loans …

By Sinead cruise, Lawrence White LONDON (Reuters) – Fraud risk analyst Rajendran Raj was used to strange after-hours alerts from authorities, but a call on a Saturday in March heralded a new era in fighting criminals looking to cash in on the coronavirus. . A photo of Fraud Risk Analyst Rajendran Raj’s brochure in Singapore …

Shake Shack is repaying a $ 10 million federal loan after the Paycheck Protection Program that was meant to help small businesses run out of money in less than two weeks of operation. The hamburger chain and other large companies were able to get the money because the program covers any company with fewer than …

As we recently moved to the countryside, where the atmosphere is a little more icy than in mainland; and I have been busy working from home; and I’m broadly a supporter of Chancellor Rishi Sunak’s policy response, I’ve been quite optimistic about the long-term economic effects of the corona crash and lockdown until the last …

Small California businesses will have more time to remit sales tax collections to the state, allowing them to use those dollars “for any obligations you may have,” Governor Gavin Newsom said. The sales tax extension is one of three new measures to support small businesses. Newsom also said an emergency credit would be used to …

Nearly 4,000 companies in the sports industry, from big-league franchises to local recreation centers, have received more than $ 1.7 billion under the federal government’s wage protection program, designed to help companies to preserve their jobs during the onset of the pandemic. Last week, a federal judge ordered the release of loan data that specifies …

Cindy is the proud owner of an interior design business. She and her six employees spend their days choosing fabrics and accent pieces for commercial spaces. Cindy and her small but dedicated team recently remodeled a great beachfront restaurant, and it couldn’t look better. But there is a problem: the owner of the company has …

Shake Shack shares, which he won applause on Twitter, increased pressure on Potbelly and other large restaurant chains that have become a focal point of ire from the true small businesses that have so far been excluded from rescue loans. Those loans of up to $ 10 million can be forgiven in two months if …

WASHINGTON — Nine weeks after Congress approved its biggest economic relief measure to fight the coronavirus pandemic, most of the direct cash assistance to keep the economy afloat has been spent or committed. The so-called Care Act provided direct assistance of $ 1.2 trillion, ranging from increased unemployment benefits and repayable business loans to cash …

The $ 900 billion financial aid package that emerged from Congress over the weekend will deliver vital aid to millions of homes and businesses that have struggled for months to survive. However, with the economy still in the grip of a pandemic that has increasingly tightened restrictions on business activity, more federal aid is likely …

There are affordable options available to get rudimentary and fund your business. getty Whether you’re starting a new company or have a long-time business owner, capital determines whether your company moves to the next phase, stalls, or closes its doors. When it comes to raising money, I am an advocate for 100% ownership and equity …

LEWISTON – A small business emergency loan program will have a second life, with some funds going towards a new forgivable loan program for local homeowners. The City Council voted unanimously Tuesday on the changes, which relax the standards for Lewiston’s emergency loan program after only three businesses took advantage of the initial program last …

Over 100,000 small business bounce back loan applications were received by banks in the first 24 hours after the program opened. This demonstrates the need for cash injections into the country’s smallest businesses to support them and get them back to work. With loans offered up to 25% of your annual turnover ranging from £ …

America’s Small business The administration runs out of money after reaching its limit of $ 349 billion. According to a statement issued yesterday on the SBA website, it will no longer be able to issue new loans. The program was designed to help companies suffering difficulties as a result of the closure of the coronavirus …

HAMPTON ROADS, Virginia – With another set of Paycheck Protection Program loans, News 3 takes a look at where your tax dollars went in the first round. New data released by the Small Business Administration describes who got what at Hampton Roads. The Paycheck Protection Program was put in place by the US Small Business …

Courtesy of thelabconsulting.com During the COVID-19 pandemic that hit, well, everywhere in 2020, the banking industry was one that just couldn’t shut down. Banking is an essential service, and throughout the coronavirus, “Bank of America has focused on supporting the health and safety of our teammates and maintaining uninterrupted service for customers,” according to Roger …

The weekend before Jacksonville Mayor Lenny Curry’s March 13 state of emergency due to COVID-19, administration officials knew the order would lead to decisions that could flatten the curve but hurt the local economy. “Based on the first shocks that we knew were coming and that had begun, it was clear that, in particular, people …

China has banned microcredit companies from lending on college campuses in an attempt to curb excess lending and prevent more than 30 million students across the continent from falling into debt traps. “Some microlenders have focused on college campuses and conducted inductive marketing through cooperation with technology companies,” the statement read. “These practices have led …

A 40-year-old man in Virginia on probation for fraud and money laundering secured nearly $ 200,000 in COVID-19 relief loans at the start of the pandemic last year, according to federal prosecutors. Joseph Cherry was sentenced Thursday to just over 4 years in prison on charges of wire fraud and theft of government property after …