Latest Small business News

Cuba opens door to more private business, but red tape looms

Sep. 16, 2021 09:06 AM EDT

HAVANA (AP) — Opening a small business is a bureaucratic headache in many parts of the world. In Cuba, it's an adventure in largely unknown territory. Most sorts of private businesses have been banned for more than 50 years, even if hundreds of thousands of Cubans in...

Energy funds awarded to 16 WVa businesses, ag producers

Sep. 16, 2021 04:13 AM EDT

CHARLESTON, W.Va. (AP) — Sixteen small businesses and agriculture producers in rural West Virginia are receiving more than $177,000 from a federal government program that helps install renewable energy systems and make energy efficiency improvements. U.S. Sens. Joe...

Pizza entrepreneur gets prison for fraud in loan program

Sep. 14, 2021 17:05 PM EDT

MACOMB TOWNSHIP, Mich. (AP) — A Detroit-area pizza entrepreneur was sentenced to more than two years in prison Tuesday for committing fraud while seeking more than $900,000 in government-backed loans during the coronavirus pandemic. Mike Bischoff received approximately...

Former Kansas legislator charged with COVID relief fraud

Sep. 09, 2021 18:15 PM EDT

WICHITA, Kan. (AP) — A federal grand jury on Thursday indicted former Kansas state Rep. Michael Capps on 19 counts alleging that he tried to defraud federal, state and county government organizations out of more than $450,000 in coronavirus relief funding. The U.S....

After Ida, small businesses face uncertainty on many fronts

Sep. 09, 2021 12:17 PM EDT

NEW YORK (AP) — A week or more after Ida, business owners from Louisiana to Connecticut are still adding up the financial losses and assessing the physical and emotional toll, grappling to find a way forward. Many say it’s difficult to figure out the future when...

Pappas: Bill would help small businesses, entrepreneurs

Sep. 05, 2021 13:53 PM EDT

CONCORD, N.H. (AP) — New Hampshire U.S. Rep. Chris Pappas has reintroduced a bill to help small business owners and rural entrepreneurs grow. “New Hampshire’s small businesses are the backbone of our economy, but half of small businesses are currently unable to...

Startups are way up in Tennessee, nationally amid pandemic

Sep. 05, 2021 00:08 AM EDT

CHATTANOOGA, Tenn. (AP) — Despite the COVID-19 pandemic — or perhaps because of it — business starts jumped to a record high in the first half of 2021, according to filings with the Tennessee Secretary of State’s Office. “People who have been displaced are...

5 steps to turn your side gig into a full-fledged business

Sep. 03, 2021 07:12 AM EDT

In 2017, Courtney Lynn Ottrix started blogging about things to do in Cleveland. She’d done some freelancing in the past, and the blog offered occasional opportunities for income. But two years later, when her full-time position was eliminated, Ottrix suddenly found...

Xi says China will set up 3rd stock exchange in Beijing

Sep. 02, 2021 11:05 AM EDT

BEIJING (AP) — China will set up its third mainland stock exchange to serve private companies in its capital, Beijing, President Xi Jinping said Thursday, expanding official support for entrepreneurs in the state-dominated economy. The announcement comes as China's...

Small businesses face slow, difficult recovery after Ida

Sep. 01, 2021 13:16 PM EDT

New York (AP) — Small businesses hit by Hurricane Ida face a slow and daunting recovery as they grapple with storm damage, a lack of power, water and internet service and limited ability to communicate with clients or customers. It’s yet another blow for business...