Latest Small business News

Michigan arts groups losing money amid pandemic

May. 25, 2020 10:17 AM EDT

LANSING, Mich. (AP) — Michigan arts groups are struggling to operate as people divert their donations to needed services during the pandemic, community leaders said. Arts organizations are dealing with the same challenges as restaurants or other businesses that need large gatherings to operate, the...

Man charged in federal court with coronavirus relief fraud

May. 23, 2020 10:01 AM EDT

SEATTLE (AP) — A suburban Seattle software engineer submitted false loan applications seeking over $1.5 million meant for businesses financially impacted by the coronavirus pandemic, according to federal court documents. Baoke Zhang, 35, was charged with wire fraud and bank fraud, according to a complaint...

Magnolia Soap and Bath growth leads to franchising

May. 23, 2020 12:01 AM EDT

NEW ALBANY, Miss. (AP) — Magan Bynum literally and figuratively pours everything into her business. The owner of Magnolia Soap and Bath, Bynum has grown what had been a small segment of her previous business into a multi-store empire that is growing leaps and bounds. “We started in our nail salons...

A woman rides an empty subway Thursday, May 21, 2020, in Tokyo. Tokyo is still under a coronavirus state of emergency until the end of May though there have been no hard lockdowns. (AP Photo/Eugene Hoshiko)

Bank of Japan helps fund small businesses fighting pandemic

May. 21, 2020 11:45 PM EDT

TOKYO (AP) — Japan's central bank said Friday it will provide some 30 trillion yen ($280 billion) to banks for financing small and medium-size businesses battling economic hardships brought on by the coronavrius pandemic. The Bank of Japan will start providing funding to the banks in June, it said. The...

Joey Johnson, AKA Captain Corona, directs traffic at The South Congregational Church Food Pantry, Wednesday, May 20, 2020, in Pittsfield, Mass. The food pantry served about 500 families with pickups Wednesday and Thursday mornings and delivered boxes to others. Additionally, the pantry operates a kitchen that serves up to 100 people per meal to go. (Ben Garver/The Berkshire Eagle via AP)

COVID-19 cases top 90,000; Baker: DOJ push to open churches

May. 21, 2020 5:42 PM EDT

BOSTON (AP) — The number of individuals in Massachusetts diagnosed with confirmed cases of COVID-19 surged past 90,000 on Thursday as the state reported more than 1,100 new cases. The number of confirmed COVID-19-related deaths since the start of the pandemic climbed to more 6,148 as another 82 deaths were...

Commissioner of Administration Jay Dardenne, the governor's chief budget adviser, answers questions about the budget on Thursday, May 21, 2020, in Baton Rouge, La. The House Appropriations Committee advanced a package of bills to close a $1 billion state budget gap, largely in line with plans recommended by Gov. John Bel Edwards. (AP Photo/Melinda Deslatte)

Dispute erupts over virus aid for Louisiana local government

May. 21, 2020 4:40 PM EDT

BATON ROUGE, La. (AP) — Gov. John Bel Edwards' plan for steering more than $800 million in congressional aid to local government agencies struggling with the coronavirus outbreak ran into roadblocks Thursday with House Republicans who want a say in how the dollars are spent. GOP lawmakers on the House...

In this Tuesday, May 19, 2020 photo, a Stewpot Community Services volunteer, right,  loads boxes of fresh produce into a truck for the nonprofit Grace House in Jackson, Miss. Throughout the morning, 500 boxes of fresh produce, part of the Farmers to Families Food Box program, were distributed to 12 local groups from the Stewpot location in Jackson, Miss. The Farmers to Families Food Box program is part of the USDA Coronavirus Farm Assistance Program. (Barbara Gauntt/The Clarion-Ledger via AP)

Mississippi gov OKs business grants from virus relief fund

May. 20, 2020 6:22 PM EDT

JACKSON, Miss. (AP) — Mississippi Gov. Tate Reeves said Wednesday that he is signing a bill that creates a $300 million grant program for small businesses hurt by the coronavirus pandemic. Legislators passed the bill with broad bipartisan support last week, using part of the $1.25 billion Mississippi has...

Editorial Roundup: Mississippi

May. 20, 2020 2:48 PM EDT

Recent editorials from Mississippi newspapers: ___ May 20 The Greenwood Commonwealth on how the Mississippi Legislature should distribute virus relief funds: The $1.25 billion Mississippi has received in coronavirus relief is a chunk of money. To put it in perspective, that’s about one-fifth of the...

Alaska House Speaker Bryce Edgmon, left, presides over the House floor, Tuesday, May 19, 2020, in Juneau, Alaska. The House adjourned Tuesday after passing a bill ratifying plans for federal coronavirus relief aid. (AP Photo/Becky Bohrer)

Alaska House adjourns after ratifying relief aid plans

May. 19, 2020 7:47 PM EDT

JUNEAU, Alaska (AP) — The Alaska House abruptly adjourned Tuesday after ratifying plans for using more than $1 billion in federal coronavirus relief aid, one day after reconvening to take up the issue. The Senate passed its own ratification bill but stayed in session to consider the House version, which...

FILE - In this April 28, 2020 file photo President Donald Trump, along with Jovita Carranza, administrator of the Small Business Administration, and Treasury Secretary Steven Mnuchin listen during an event about the Paycheck Protection Program used to support small businesses during the coronavirus outbreak, in the East Room of the White House in Washington. The Small Business Administration is shouldering a massive relief effort for the nation’s small businesses and their workers left reeling by the pandemic. The agency has committed to auditing every sizable emergency loan it approves. But six weeks after the $600 billion-plus program was launched, the agency has yet to make public the recipients of taxpayer aid.  (AP Photo/Evan Vucci)

Who got what? Details scant on small-business relief effort

May. 19, 2020 10:48 AM EDT

WASHINGTON (AP) — A small, overlooked federal agency is shouldering a massive relief effort for the nation’s small businesses and their workers left reeling by the pandemic. The Small Business Administration has committed to auditing every sizable emergency loan it approves. But six weeks after...