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News about small business:

    (CBS DETROIT) – Opening up shop and keeping it open has been a challenge for entrepreneurs. Since the start of the pandemic many changing their business model to adjust to the times and now Wayne County officials are stepping in to make the process easier. “We have $50 million that will be allocated from the...
    Sheryl Sandberg, COO of Facebook speaks onstage during 'Putting a Best Facebook Forward' at Vanity Fair's 6th Annual New Establishment Summit.Matt Winkelmeyer | Getty Images Facebook COO Sheryl Sandberg on Wednesday said the social media company needs to work with whoever wins the 2020 U.S. election to address their concerns about Big Tech. "We know...
    Twitter A young entrepreneur from Southern California has opened the first ever durag store located on Melrose.  20-year-old Atira Lyons has been documenting her journey on social media since earlier this year. Many of her followers have been spreading the word about the luxury durag collection in an effort to encourage others to support...
    (Photo by Spencer Platt/Getty Images) The coronavirus pandemic continues to disproportionately impact Black communities. Reports show since COVID-19 shut down the economy, Black entrepreneurs suffered the most. READ MORE : Harlem’s small Black businesses struggle amid pandemic According to Forbes, almost half of small operating Black-owned businesses had been forced to shut down by...
    MINNEAPOLIS (WCCO) — COVID-19 has many small businesses struggling to stay afloat. St. Mane in south Minneapolis is the oldest independent sporting good store in Minnesota. It was facing the same struggles as other retailers. WCCO’s Reg Chapman explains how an idea for a t-shirt kept the business open and is now helping other businesses...
    HAVERFORD, Pa. (CBS) — Federal investigators are clamping down on cash advance companies targeting small businesses during the pandemic. Authorities say Joseph LaForte, of Haverford, used to run a cash advance company called Par Funding out of an Old City office. It was raided by the FBI last month. A video posted on LaForte’s Vimeo...
    HAVERFORD, Pa. (CBS) — A Delaware County man is accused of using his loan company to prey on small business owners and threatening them if they couldn’t pay back the money, even during the pandemic. Authorities say Joseph LaForte, of Haverford, used to run his company called Par Funding out of an Old City office....
    NEW YORK (CBSNewYork) — New York City is restoring $1.5 million to provide free legal support for small businesses struggling to make rent during the coronavirus pandemic. “To help them address issues with their landlords, to help them find a way through,” Mayor Bill de Blasio said Tuesday. De Blasio said the funding is part...
    People around the country are complaining of serious mail delays—and the official explanation from the U.S. Postal Service doesn’t sound like the full story. The Postal Service attributes the delays to increased package volume and staff shortages due to coronavirus, but the delays are hitting as the new postmaster general makes changes that postal workers warn...
    Virginia Ali, co-owner of Ben's Chili Bowl, one of the many Black-owned businesses on Avenue U in Washington D.C., sits near photos of her and her husband Ben, on June 15, 2020. Numerous studies have shown that African-American entrepreneurs, particularly in the service sector such as restaurants, have suffered most severely from the economic and...
    The confidence of small business owners in the U.S. took a hit in July as coronavirus case surged and reopening plans were delayed or rolled-back, data from the National Federation of Independent Business showed Tuesday. The NFIB’s Small Business Optimism Index fell 1.8 points to 98.8 in July. Economists had expected the index to hold...
    Somerville's Main Street on June 2. A sign posted to the lamp post from the Downtown Somerville Alliance advertises curbside pickup and takeout.Downtown Somerville Alliance The pandemic is still raging on in the U.S., yet 64% of small business owners on Main Street are confident that they can survive for more than a year under...
    SAN FRANCISCO (KPIX 5) — While gyms have been classified as non-essential since the pandemic began, a group of San Francisco operators are trying to shake off that designation and prove that they can operate safely. DIAKADI Fitness is taking social distancing seriously. The training center has moved to a soccer field in Mission Bay,...
    West Virginia has awarded $7.6 million in COVID-19-related small business grants since it launched its Small Business Grant Program more than three weeks ago, Gov. Jim Justice said Friday. The state has received more than 2,000 applications, Justice said during a news conference Friday. “We want to keep pumping that money out just...
    US has more cases than some countries have people Ruby Tuesday has shut down more than one-third of its restaurants this year as the chain buckles under pandemic pressures and an aging customer base AmEx in Advanced Talks to Buy SoftBank-Backed Kabbage (Bloomberg) -- American Express Co. is in advanced talks to buy the...
    Apple has filed a claim with the United States Trademark and Patent Office (USTPO) to block a trademark application by a meal prep company that uses a pear as its logo. Apple claims the pear will be confused with its own iconic Apple logo. Now, the small company has been forced to lay off one...
    Popular summer vacation spot Provincetown, Massachusetts, is taking Covid-19 seriously, mandating mask-wearing and limiting the number of customers in stores, but consumers are still out. (Photo by Zach D Roberts/NurPhoto via Getty Images)NurPhoto | NurPhoto | Getty Images Small businesses are feeling somewhat more optimistic, adapting operations to the new economic and public health normal...
    The federal government considers some tax sins to be much worse than others. One egregious sin is failing to pay over federal income and employment taxes that have been withheld from employee paychecks. In the COVID-19 era, that can happen to a cash-strapped business. If it does, the IRS can assess the so-called 100% penalty...
    Van and Jackie Brollini are in the same boat as most bar and restaurant owners — struggling to stay afloat amid the COVID-19 pandemic. The Inver Grove Heights’ couple bought an established business in Rosemount just over a year ago and took over full control this past January. They changed the name from T.O.P.S. Pizza...
    Agatha Kulaga, co-founder and CEO of OvenlySource: Agatha Kulaga The past few months certainly haven't been easy for small businesses. Many had to shut their doors due to the coronavirus pandemic. While some may never reopen, others are ramping up their business — and hoping they don't have to shut down again. Retail and wholesale...
    In response to the pandemic, Ramsey County is now accepting applications from small business owners for its Small Business Relief Fund. The $15 million fund offers relief packages of up to $7,500 for self-employed entrepreneurs and up to $10,000 for businesses employing 1-to-20 workers in addition to the owner. The fund is geared to for-profit...
    By Sopheng Cheang | Associated Press CHI MEAKH, Cambodia — Animal rights activists in Cambodia have gained a small victory in their effort to end the trade in dog meat, convincing a canine slaughterhouse in one village to abandon the business. Buth Pith and his wife Khath Hach this week shut down the small abattoir...
    Microsoft is chasing a deal to invest in all of TikTok’s worldwide enterprise, which include the viral movie app’s functions in India and Europe, in accordance to five people with know-how of the talks. The US application organization mentioned on Sunday it was in negotiations with ByteDance, the Chinese owner of TikTok, to check out...
    EIDL ran out of its allotment for the progress grants on July 11. Then last 7 days, the SBA’s internal watchdog issued an alert that there were indicators of “potentially rampant fraud” in the plan that essential quick action. 9 fiscal institutions have noted much more than $187 million in suspicious transactions involving catastrophe mortgage...
    SAN ANTONIO – The news that professional photographer Yee Yan Segovia had won $500 came via Zoom. "I almost never win anything, so I was really surprised," Segovia said. The U.S. Navy veteran became the first of eight small business owners who will be randomly selected by the Maestro Entrepreneur Center every week through Sep....
    DALLAS (CBSDFW.COM) – Small businesses affected by the winds, hail or tornadoes that hit Dallas County last October have until next Friday to apply for assistance from the Small Business Administration. At Specialty Flooring Inc., crews are still working to repair the roof damage caused by the October tornado. “The roofing was just ripped off...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City BY FANNI FRANKL New York City restaurants and bars that are not able to pay more than half their rent are heralding a call for action from New York State. Findings in a survey found that...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City If you own a small business and are working hard to reopen and recover after months of turmoil from the COVID-19 pandemic, we want your story of survival. amNewYork Metro and Schneps Media are launching “Small...
    VIDEO2:5002:50Sen. Marco Rubio: Both sides must make concessions in Covid-19 stimulus talksSquawk Box Sen. Marco Rubio, R-Fla., warned on Wednesday that a new wave of small business layoffs could come if Congress does not re-up the funding to the Paycheck Protection Program in its next round of coronavirus relief spending.  "You are going to begin...
    More than 100 business CEOs have signed onto a letter urging Congress and the White House to come to agreement on a fourth coronavirus relief deal to head off what could be a 'catastrophic' wave of small business closings. The letter, steered by Starbucks chairman emeritus Howard Schultz, comes as Democrats and Republicans are hung...
    VIDEO3:3903:39Paychex CEO on the state of small businesses during the pandemicSquawk Box Paychex CEO Martin Mucci told CNBC on Tuesday that small business employment is falling again and is becoming as precarious as during the beginning of the U.S. coronavirus crisis. "We saw the July jobs index drop," Mucci said on "Squawk Box." "That puts us back to...
    VIDEO5:2805:28Former Starbucks CEO Howard Schultz calls for more small business reliefSquawk Box Howard Schultz, the former Starbucks CEO, on Tuesday urged Congress to provide additional financial support to small businesses, saying that the now-iconic coffee chain would have struggled to weather the economic impacts of the coronavirus pandemic in its early years.  In 1987, Starbucks...
    U.S. Treasury Secretary Steven Mnuchin, left, and White House Chief of Staff Mark Meadows speak to reporters in the U.S. Capitol in Washington, U.S. July 29, 2020.Erin Scott | Reuters Democratic leaders and Trump administration officials expect to meet again Tuesday as they attempt to hash out a pandemic aid package. The sides appear to...
    Executives from more than 100 companies and trade associations sent a letter to Congressional leaders from both parties Monday urging more federal support for small businesses facing dire struggle and uncertainty during the Covid-19 pandemic. The letter, an effort led by former Starbucks chairman and CEO Howard Schultz, says the Small Business Association’s Paycheck...
    (Photo by Mark Makela/Getty Images) The latest NPR analysis of the Electoral College shows presumptive Democratic presidential nominee Joe Biden with a 297-170 advantage over President Donald Trump.  With three months to go until the election, Trump appears to be at his lowest point politically. Millions of Americans disapprove of his handling of the...
    More than 100 current and former CEOs are urging Congress to approve another round of small business aid in the next coronavirus relief package or risk exponentially more harm to the economy. Modifying and extending the small business lifeline Congress approves in the form of the Paycheck Protection Program (PPP) could stave off a potentially...
    Whos first in line for vaccine? The debate begins McDonalds CEO seems to hint at an upgraded chicken sandwich CEOs Warn Congress of Small Business Failures Without More Aid (Bloomberg) -- A group of U.S. corporate leaders led by Starbucks Corp.’s former head, Howard Schultz, pressed lawmakers for additional, longer-term support for small businesses,...
    Many small businesses across the country face near-certain catastrophe if they do not receive Federal aid soon, a Monday letter signed by some of the biggest names in business claims. Mom and pop shops face “a wave of permanent closures” by Labor Day if the government doesn’t step in with a comprehensive recovery program,...
    Many small businesses across the country face near-certain catastrophe if they do not receive Federal aid soon, a Monday letter signed by some of the biggest names in business claims. Mom and pop shops face “a wave of permanent closures” by Labor Day if the government doesn’t step in with a comprehensive recovery program, according...
    Getty Trump The new COVID-19 stimulus package may provide billions toward a second round of loans for small businesses via the Paycheck Protection Program (PPP.)  The HEALS Act (Health, Economic Assistance, Liability Protection, and Schools), which was introduced as part of a Senate-backed relief package, would include a second chance at loans and loan...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City By Fanni Frankl The “Save Our Storefronts” (S.O.S.) campaign held a virtual meeting Wednesday morning calling on New York State to enact commercial rent relief for small business owners.  The meeting, organized by The Cooper Square...
    TEXAS – Because the coronavirus crisis caused the temporary or permanent closure of many small businesses, Texas Governor Greg Abbott announced a plan to stop layoffs, save wealth, and gradually revive the local economy. But for homeowners like Martha Enriquez, this is a temporary remedy, as the debt gets bigger and bigger, even if...
    NEW YORK (CBSNewYork) — The coronavirus pandemic has been brutal for small businesses, and some Manhattan business owners say they feel forgotten by the federal government. Gem Spa was a corner store in New York’s East Village for a century, but after being forced to close for just a few months, it’s now gone, a...
    On the front lines of the war on COVID-19, there are many civilian heroes going out of their way, as volunteers and contributors. Also, many who are elected to serve are going the extra mile. In this column the Eagle hopes to give our readers an ongoing update on those fighting in the front lines....
    Democratic Presidential candidate Joe Biden (Photo by Rick Loomis/Getty Images) Joe Biden plans to grow and strengthen Black-owned small businesses in Ohio and nationwide. Through his Build Back Better and Lift Every Voice plans, Biden will invest billions in the resources Black small business owners can leverage to drive their own success. The former vice...
    According to the Center for Disease Control (CDC), daily temperature screenings can help identify individuals who have been infected by the coronavirus (COVID-19). While not everyone who has been exposed to the virus exhibits the same symptoms, a temperature of at least 100.4°F may be an early indicator of communicable diseases. Because of this, ever...
    NEW YORK (CBSNewYork) – New York City has entered Phase 4, but Manhattan is still a ghost town. Small business owners are threatened with extinction, pleading with Gov. Andrew Cuomo to do something, find a solution. As CBS2’s political reporter Marcia Kramer reports, the owner of Lili’s Bake Shop on Seventh Avenue in Midtown is...
    PROVIDENCE, R.I. (AP) — Rhode Island's lieutenant governor is urging owners of small businesses struggling because of the coronavirus pandemic to apply for a grant to help them recover. Applications for the Restore RI program will be available starting Monday, Lt. Gov. Dan McKee said in a statement Thursday. The $50 million program will provide...
    LeoPatrizi There may be a financial storm brewing at a key intersection on Main Street. Roughly 35% of small-business owners in a survey said they've needed to tap their own funds — via a personal credit card and/or savings, for example — to help prop up their business in the months since the coronavirus whacked...
    The number of new jobless claims last week was 1.43 million, the Labor Department reported Thursday, marking a second consecutive week of higher claims. Jobless claims for the week ending July 18 were 1.4 million, an increase from the 1.3 million claims that were filed the week prior, a troubling sign of danger for the...