Latest Small business News

WVa Small Business Development Center announces new director

Jun. 29, 2022 04:03 AM EDT

CHARLESTON, W.Va. (AP) — The West Virginia Small Business Development Center has announced its next state director. He is Steve Johnson, who has been with the agency for almost a decade in various roles, including business coach, network coordinator and deputy director. He also has...

Marshall recruiting local businesses to bid on contracts

Jun. 20, 2022 10:02 AM EDT

HUNTINGTON, W.Va. (AP) — Marshall University is working to build connections with local businesses under a pilot project approved by the West Virginia Legislature. House Bill 4418 creates a small business supplier certification assistance program to help small businesses bid on...

Man gets more than 3 years in prison for $13M COVID-19 fraud

Jun. 17, 2022 15:48 PM EDT

BOSTON (AP) — A Massachusetts businessman convicted of fraudulently seeking more than $13 million in federal coronavirus pandemic relief loans has been sentenced to more than three years in prison. Elijah Majak Buoi, 40, of Winchester, was also sentenced to three years of...

Florida police officer charged with COVID-19 relief fraud

Jun. 16, 2022 19:58 PM EDT

MIAMI (AP) — A South Florida police officer has been charged with fraudulently applying for a COVID-19 relief advance grant and low-interest loan. A federal grand jury in Miami returned an indictment Wednesday against the 44-year-old Coral Springs police officer, according to court...

US failed to stop fraud in COVID loan program, Clyburn says

Jun. 14, 2022 15:04 PM EDT

The U.S. failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses, depleting the funds and making people more vulnerable to identity theft, the chairman of a House panel examining the payouts said Tuesday. ...

Small businesses are facing ‘summer of uncertainty’

Jun. 10, 2022 10:09 AM EDT

NEW YORK (AP) — Small businesses that depend on outdoor crowds and free-spending tourists aren’t sure what to expect this summer. Consumers likely have a lot of pent-up demand after more than two years of the pandemic. But they’re also facing some significant...

After rough run, Kohl's surges on potential takeover

Jun. 07, 2022 11:40 AM EDT

Shares of Kohl's spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion. The Wisconsin chain said late Monday that it was in a three-week exclusive takeover period with the owner of Vitamin Shoppe for $60 per...

Gov. Justice requests disaster declaration due to flooding

Jun. 06, 2022 04:04 AM EDT

CHARLESTON, W.Va. (AP) — Gov. Jim Justice has asked President Joe Biden and the Federal Emergency Management Agency approve a disaster declaration for West Virginia because of flooding from last month. According to a news release, Justice declared a state of emergency for Cabell,...

St. Louis aldermen indicted on bribery, other charges

Jun. 02, 2022 16:18 PM EDT

ST. LOUIS (AP) — Two current and one former St. Louis aldermen have been indicted on charges accusing them of taking bribes and misusing their offices for personal gain, federal prosecutors announced Thursday. Lewis Reed, president of the Board of Aldermen, Alderman Jeffery Boyd,...

Tent party business pitches togetherness through sleepovers

May. 28, 2022 01:06 AM EDT

SHREVEPORT, La. (AP) — After two years of social distancing, the world is slowly returning to normal and that means kids all over the Shreveport-Bossier area are welcoming their friends back into their homes. A local business is taking their creative idea to make the ultimate...