Latest Small business News

Governor, lawmakers plan aid for small businesses, renters

Oct. 1, 2020 7:57 AM EDT

COLUMBUS, Ohio (AP) — An aid package is coming soon for small businesses and people struggling to pay rent during the coronavirus pandemic, according to Ohio's GOP Senate finance chairman. Lawmakers and Gov. Mike DeWine are figuring out the best way to provide the money as quickly as possible, Senator Matt...

Sen. Dean Kirby, R-Pearl, speaks on a concurrent resolution that would suspend their business and grant administrative pay to some local governmental entities in light of the coronavirus situation, Tuesday, March 17, 2020, in Jackson, Miss. (AP Photo/Rogelio V. Solis)

Mississippi legislators to revise some virus relief spending

Sep. 30, 2020 1:58 PM EDT

JACKSON, Miss. (AP) — Mississippi lawmakers are returning to the Capitol to reconsider how the state is spending some coronavirus relief money from the federal government. The House and Senate will convene at 10 a.m. Thursday, and they are expected to remain until Friday. Mississippi, like many other...

$557K going to community loan fund to help small businesses

Sep. 29, 2020 6:04 PM EDT

CONCORD, N.H. (AP) — A total of $557,000 is going to the New Hampshire Community Loan Fund to support small businesses and promote economic growth in communities amid the pandemic, the state's congressional delegation said Tuesday. “As the economic fallout spurred by this pandemic worsens, it is...

Iguehi James, an Oakland, Calif., fashion entrepreneur, holds a face mask she designed for her apparel company Love Iguehi on Tuesday, Sept. 15, 2020. She received a $5,000 grant from the Oakland African American Chamber of Commerce's

Virus, strife prompt 'resiliency' funds in Black communities

Sep. 29, 2020 4:25 PM EDT

SAN FRANCISCO (AP) — The modest cash grant Iguehi James received from the Oakland African American Chamber of Commerce helped the clothing designer defray costs, including surge prices on elastic and fabric that jumped dramatically due to the pandemic. The application process was simple and she qualified...

A woman looks at screens showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday, Sept. 25, 2020. Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy.(AP Photo/Hiro Komae)

Asian shares gain, cheered by US rally on hopes for stimulus

Sep. 24, 2020 11:53 PM EDT

TOKYO (AP) — Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy. Despite signs of a global economic rebound in the third quarter, worries remain the upturn may be running out of steam. House Democrats said they are paring back...

Treasury Secretary Steve Mnuchin testifies during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Capitol Hill, Wednesday, Sept. 24, 2020, in Washington. (Toni L. Sandys/The Washington Post via AP, Pool)

Mnuchin and Powell back jobless aid and small business loans

Sep. 24, 2020 2:23 PM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell said Thursday that the government’s top priorities in any new economic relief package should be to provide affordable loans to small businesses and further support for millions of Americans still...

South Carolina approves 2nd round of federal COVID-19 aid

Sep. 23, 2020 4:22 PM EDT

COLUMBIA, S.C. (AP) — South Carolina lawmakers agreed Wednesday on how to spend the remaining $693 million in federal money meant to help pay for COVID-19 expenses. Most of the money — $420 million — will go to replenish the state's unemployment fund, keeping businesses from having to pay...

This Aug. 28, 2020 aerial photo shows damage to businesses in Kenosha, Wis. Police in Kenosha have arrested dozens of people since a white officer shot Jacob Blake in the back. Activists in the Wisconsin city say officers have been aggressive in responding to protests over the shooting Sunday of Blake, a Black man, even as they’ve tolerated armed militia groups. (Sean Krajacic/The Kenosha News via AP)

More loan money available for rebuilding Kenosha businesses

Sep. 23, 2020 11:15 AM EDT

MADISON, Wis. (AP) — The state is making more money available to help small businesses in Kenosha recover from damage during recent unrest over the police shooting of Jacob Blake, officials announced Wednesday. Gov. Tony Evers and the Wisconsin Economic Development Corporation said another $3 million would...

Gov. DeSantis: Pandemic continues to hurt small businesses

Sep. 22, 2020 5:31 PM EDT

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis expressed concern during a Cabinet meeting Tuesday that the coronavirus pandemic will continue to hurt small businesses and may disrupt commercial real estate even after it’s over. “It seems to me that as you look to see what’s...

Maine CDC opens investigation into school outbreak

Sep. 22, 2020 3:31 PM EDT

PORTLAND, Maine (AP) — State officials have opened an investigation into an outbreak of coronavirus that forced a school to move into full-time remote learning mode, the Maine Center for Disease Control and Prevention said Tuesday. The outbreak at Sanford High School and Sanford Regional Technical Center...