Latest Small business News

Deadline coming up for help following Kentucky tornadoes

Jan. 20, 2022 04:04 AM EST

FRANKFORT, Ky. (AP) — Kentucky homeowners and renters who had damage during the December storms and tornadoes have about three more weeks to apply for disaster assistance with the Federal Emergency Management Agency. Residents of 16 counties may be eligible for grants from FEMA and...

Florida man gets 5 years for COVID-19 relief, tax fraud

Jan. 19, 2022 15:10 PM EST

ORLANDO, Fla. (AP) — A Florida man convicted of fraudulently collecting more than $1.3 million in COVID-19 relief funds has been sentenced to five years in prison. Johnson Eustache, of Palm Bay, was sentenced Tuesday in Orlando federal court, according to court records. He pleaded...

Florida man gets 3 years, 6 months for COVID-19 relief fraud

Jan. 18, 2022 19:03 PM EST

TAMPA, Fla. (AP) — A Florida man has been sentenced to three years and six months in prison for fraudulently collecting over $800,000 in COVID-19 relief funds. Louis Thornton III, 63, of St. Petersburg, was sentenced Friday in Tampa federal court, according to court records. He...

Deadline nears to apply for storm loans in 5 WVa counties

Jan. 18, 2022 04:08 AM EST

HUNTINGTON, W.Va. (AP) — Small private nonprofit organizations in five West Virginia counties have a few more weeks to apply for federal loans for economic losses from several winter storms last February. The U.S. Small Business Administration said Feb. 14 is the filing deadline...

COVID task force issues recommendations for small businesses

Jan. 17, 2022 17:46 PM EST

JEFFERSON CITY, Mo. (AP) — A task force created to consider how to help Missouri's small businesses recover from the financial strain caused by the COVID-19 pandemic issued several recommendations on Monday. The Show Me Strong Recovery Task Force, created by Gov. Mike Parson last...

Rising costs add to pandemic pain for small businesses

Jan. 16, 2022 11:20 AM EST

NEW YORK (AP) — In just two weeks, the cost of pecans for the pies at Peggy Jean’s Pies in Columbia, Missouri, has surged nearly 40%, perplexing co-owner Rebecca Miller and adding to the cost of doing business. Miller will soon have to bump up the price of her Southern Pecan, Chocolate Bourbon...

2 plead guilty to submitting fake COVID-19 loan applications

Jan. 13, 2022 08:23 AM EST

NEWPORT NEWS, Va. (AP) — A former Virginia couple has pleaded guilty to submitting at least 40 fake loan applications totaling more than $5.1 million connected to the COVID-19 pandemic, according to the U.S. Department of Justice. Malik Mitchum, 26, and Jenna Mitchum, 25, worked to...

Partnership introduces customers to minority-owned business

Jan. 08, 2022 09:06 AM EST

WILLIAMSBURG, Va. (AP) — Nekeya Boyd grew up from an early age with a love of cooking passed down from her great-grandmother. That love drove Boyd to her career, which started with a catering business and eventually moved into a restaurant, Nekeya’s Seafood Cafe, in October at...

Health care, climate change crux of NY governor's 2022 plan

Jan. 05, 2022 19:38 PM EST

ALBANY, N.Y. (AP) — In her first State of the State address Wednesday, New York Gov. Kathy Hochul outlined an agenda for an economic comeback from the coronavirus pandemic and new government investments in health care, housing and renewable energy. Hochul, the state’s first...

Rhode Island lawmakers vote to spend pandemic relief funds

Jan. 04, 2022 21:08 PM EST

Rhode Island lawmakers overwhelmingly approved spending $119 million in federal pandemic relief money Tuesday when they returned to the State House to start the new legislative session. Rhode Island got more than $1.1 billion in American Rescue Plan funds, but has yet to spend any...