Latest Small business News

FILE - In this Sunday, April 12, 2020 file photo, Cardinal Timothy Dolan, right, delivers his homily over mostly empty pews as he leads an Easter Mass at St. Patrick's Cathedral in New York. Due to coronavirus concerns, no congregants were allowed to attend the Mass which was broadcast live on local TV. The Archdiocese of New York received 15 loans worth at least $28 million just for its top executive offices. St. Patrick’s Cathedral on Fifth Avenue was approved for at least $1 million. (AP Photo/Seth Wenig)

AP: Catholic Church lobbied for taxpayer funds, got $1.4B

Jul. 10, 2020 1:04 PM EDT

NEW YORK (AP) — The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid, with many millions going to dioceses that have paid huge settlements or sought bankruptcy protection because of clergy sexual abuse...

This Aug. 8, 2018 photo shows St. Peter Cathedral in Erie, Pa., the home parish for the Catholic Diocese of Erie. In mid-March 2020, the diocese closed its churches as the coronavirus spread, limiting its access to weekly donors, and applied for funds from the Paycheck Protection Program. It also decided to withhold payments from its victim-compensation program, saying its bank had decreased a line of credit. (Christopher Millette/Erie Times-News via AP)

Takeaways: Paycheck Protection loans and the Catholic Church

Jul. 10, 2020 6:02 AM EDT

NEW YORK (AP) — When the coronavirus pandemic caused a broad economic downturn and Depression-era unemployment rates, Washington responded with trillions of dollars in federal relief. One centerpiece was the $659 billion Paycheck Protection Program. Congress created the program to help smaller businesses...

A customer wears a face mask to help curb the spread of the new coronavirus as he walks behind sales advertisements at a shopping mall in Bangkok Thursday, July 9, 2020. Daily life in the capital slowly returns to normal as Thai government has eased restrictions imposed weeks ago to combat the spread of COVID-19. (AP Photo/Sakchai Lalit)

Bed Bath & Beyond closing stores, cruises prepare to sail

Jul. 9, 2020 7:25 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ RETAIL: — Bed Bath & Beyond plans to close about 200...

North Dakota companies get $1.7B in government virus loans

Jul. 9, 2020 2:51 PM EDT

BISMARCK, N.D. (AP) — A foundation that supports North Dakota’s biggest tourist attraction and Gov. Doug Burgum’s real estate development firm were among hundreds of thousands of businesses and nonprofits across the country to get loans from the Treasury Department’s Payroll Protection...

Maine steps up mask rules, extends state of emergency

Jul. 8, 2020 4:26 PM EDT

PORTLAND, Maine (AP) — Maine's governor announced Wednesday the state is requiring many businesses to enforce mask rules, and extending its state of civil emergency order until at least August. Democratic Gov. Janet Mills issued an executive order requiring large retail stores, restaurants, lodging...

A statue of Kermit The Frog stands at the entrance to The Jim Henson Company, Tuesday, July 7, 2020, in the Hollywood section of Los Angeles. The U.S. government's small business lending program sent pandemic relief money into unexpected corners of the entertainment industry. The Muppet makers say they received about $2 million to keep their 75 workers employed through the coronavirus shutdown. (AP Photo/Chris Pizzello)

Coppola and Henson companies get loans for winery, puppetry

Jul. 8, 2020 10:02 AM EDT

LOS ANGELES (AP) — From a godfather of cinema to Kermit the Frog, the U.S. government’s small-business lending program sent money into unexpected corners of the entertainment industry. While legendary names like Francis Ford Coppola and Jim Henson hardly evoke the image of “small”...

FILE - In this Jan. 17, 2019, file photo Rep. Susie Lee, D-Nev., speaks at a news conference on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. A regional casino company led by the husband of Rep. Susie Lee received money. (AP Photo/Andrew Harnik, File)

Data: Congress created virus aid, then reaped the benefits

Jul. 8, 2020 5:52 AM EDT

WASHINGTON (AP) — 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. Under pressure from...

FILE - In this Jan. 17, 2019, file photo Rep. Susie Lee, D-Nev., speaks at a news conference on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. A regional casino company led by the husband of Rep. Susie Lee received money. (AP Photo/Andrew Harnik, File)

Data: Congress created virus aid, then reaped the benefits

Jul. 7, 2020 9:23 PM EDT

WASHINGTON (AP) — 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. Under pressure from...

FILE - In this April 5, 2015, file photo, Hawaii Senate President Ronald Kouchi, D-Kauai, speaks in Honolulu. Garden Isle Disposal LLC, a company that Hawaii Senate President Ronald Kouchi owns shares in and is employed by, received a small business coronavirus relief loan from the U.S. government, according to data released by the Small Business Administration. (AP Photo/Cathy Bussewitz, File)

Company connected to Senate president gets virus relief loan

Jul. 7, 2020 7:38 PM EDT

HONOLULU (AP) — A company that Hawaii Senate President Ronald Kouchi owns shares in and is employed by received a small business coronavirus relief loan from the U.S. government, according to data released by the Small Business Administration. Garden Isle Disposal LLC, the largest privately owned solid...

FILE - In this Sunday, April 2, 2017, file photo, Tim McGraw, left, and Faith Hill arrive at the 52nd annual Academy of Country Music Awards at the T-Mobile Arena in Las Vegas. The 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. Yet the recipients include many you probably wouldn't have expected. A Nashville, Tenn., company called “Road Dog Touring, Inc.” was approved for a small business loan of $2 million to $5 million. The company owns the official website for country singer Tim McGraw, timmccgraw.com, and a joint official site with his wife, Faith Hill, timandfaith.com. (Photo by Jordan Strauss/Invision/AP, File)

Kanye West? Tim McGraw? Girl Scouts? All got PPP loans

Jul. 7, 2020 6:56 PM EDT

WASHINGTON (AP) — The 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. Yet the recipients include many you probably wouldn't have expected. Clothing lines by...