Business News

Innovation Showcase to Spotlight 14 Teams in Virtual Pitch Session

Published by Scott Stewart on Mon, 07/13/2020 - 12:00am

Registration is open for the new Midwest COVID-19 Innovation Showcase launched by gener8tor, a platform for creative startups.

The July 16 event will spotlight 14 teams selected from a total of 113 applications. Each team will receive coaching on refining their pitches, meet with health care industry stakeholders to receive feedback and be connected to resources to support innovation.

Stores Focus on Cleaning to Get Shoppers Back to Spending

Published by Scott Stewart on Mon, 07/13/2020 - 12:00am

New York – Forget about making shopping fun. As clothing retailers and others try to stay viable during the coronavirus pandemic, they’re hoping steps like cleaning during store hours, offering hand sanitizer and other safety measures will bring in customers to spend.

Data Shows Congress Reaped Benefits of PPP Loans

Published by Scott Stewart on Fri, 07/10/2020 - 12:00am

Washington – At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, highlighting how Washington insiders were both author and beneficiary of one of the biggest government programs in U.S. history.

Small Business Aid Went Beyond Hard-Hit Companies

Published by Scott Stewart on Thu, 07/09/2020 - 3:00am

Washington – The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity owned firms.

Nebraska Companies, Organizations Benefit from PPP Loans

Published by Scott Stewart on Thu, 07/09/2020 - 2:00am

Thirty-six Nebraska companies received at least $5 million from the federal Paycheck Protection Program, while a total of 514 companies in the state received at least $1 million in funding.

The loans can be forgiven if at least 60% of the money is used for payroll. The maximum PPP loan is for $10 million. The loans carry a 1% interest rate and have deferred payments for six months.

Q&A: Nuts and Bolts of Federal Paycheck Protection Program

Published by Scott Stewart on Thu, 07/09/2020 - 12:00am

New York – Small businesses can still get help from the government’s coronavirus relief plan after Congress extended the Paycheck Protection Program until Aug. 8.

Kanye West? Girl Scouts? Hedge Funds? All Got PPP Loans

Published by Scott Stewart on Thu, 07/09/2020 - 12:00am

Washington – The federal government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic.

Black Businesses Miss Out on Opportunity Zone Tax Breaks

Published by Scott Stewart on Tue, 07/07/2020 - 5:00am

President Donald Trump says the opportunity zone tax break he signed into law in 2017 has created “tens of thousands of jobs” and is helping minority communities and Black businessowners. In a tweet earlier this month, he pointed to opportunity zones as proof he’d done more for the Black community “than any President since Abraham Lincoln.”

As Virus Roars Back, So Do Signs of New Round of Layoffs

Published by Scott Stewart on Mon, 07/06/2020 - 4:00am

Washington – The reopening of Tucson’s historic Hotel Congress lasted less than a month.

General manager Todd Hanley on June 4 ended a two-month coronavirus lockdown and reopened the 39-room hotel at half-capacity, along with an adjoining restaurant for outdoor dining. Yet with reported COVID-19 cases spiking across Arizona, Hanley made the painful decision last weekend to give up, for now.

Billions of Dollars in Aid to Small Businesses Goes Unclaimed

Published by Scott Stewart on Mon, 07/06/2020 - 1:00am

New York – Billions of dollars offered by Congress as a lifeline to small businesses struggling to survive the pandemic were left on the table when a key government program recently stopped accepting applications for loans.

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