VIRGINIA BEACH, Va. — COVID-19 sent the American economy spiraling into a recession, and many local businesses are making sacrifices to pay their bills.
The past few months have been especially painful for thousands of Virginians who were laid off or furloughed from work, but not all sectors of the economy are bruised.
In fact, the pandemic is providing an opportunity to recruit new businesses to Virginia Beach, according to one top city official.
Quite a lot has been going on:
GSA imagines new small business GWAC -- FCW
The General Services Administration gave the public a look at its next step in developing the agency's new small business governmentwide contracting (GWAC) vehicle that will eventually replace the canceled Alliant 2 Small Business contract.
The new vehicle will emphasize Historically Underutilized Business Zone (HUBZone) and woman-owned small business set-asides, streamlined pricing and contract submission processes, as well as a source for emerging artificial intelligence, machine learning, as-a-service offerings, cloud and edge computing technologies, as well as cybersecurity technology, according to GSA officials.
Black-owned business: Landscaping family overcomes challenges to thrive in Detroit
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"Landscaping is the first impression that people get when they pull up to your facility," explained Dexter Erves.
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"We do everything from design, we'll come out and meet with your clients, design a look, consult with them, make some suggestions," said Dexter. "And then we go from design to installation and after we install it we come back and maintain it."
This Black-owned business was started by Dexter and his father, Henry. They've been in business for more than 40 years.
Lawmakers expand eligibility for small business COVID relief despite legal concerns
JUNEAU, Alaska (KTUU) - A special legislative committee has approved expanding who can receive grants that help small businesses impacted by the economic effects of COVID-19.
The Legislative Budget and Audit Committee (LB&A) approved the changes despite the Legislature's leading attorney saying the process used could be "outside the law."
Megan Wallace, the Legislature's top attorney, said the process used by LB&A is solely for accepting additional money. The governor's proposal to change the eligibility guidelines for small business grants could expose the Legislature to legal jeopardy, Wallace said.
Other things to check out:
Portland Business Alliance says mayor pledged quick action to revive downtown - oregonlive.com
Businesses in downtown Portland began boarding-up their windows after a riot during the early morning of May 30. Pioneer Place and other businesses still had boards on their windows on Aug. 26, 2020. (Jamie Goldberg/Staff) Jamie Goldberg
Mayor Ted Wheeler met with the Portland Business Alliance and 70 other business and civic leaders Thursday morning to discuss his plan to revive downtown.
Wheeler rushed to put together the meeting amid intense pressure from businesses and neighborhood groups, who have been expressing growing alarm about the state of downtown for weeks and have become increasingly vocal about the threat to their organizations and communities as they've failed to see meaningful action from the city.
R.N.C. Skims Over Trump's 'Unfinished Business' in Foreign Policy - The New York Times
The president's audacious nuclear diplomacy with North Korea has fallen apart. Iran defies his "maximum pressure" campaign and refuses to bargain. A White House Israeli-Palestinian peace plan was effectively dead on arrival. And a trade deal with China looks more distant than ever.
American troops still fight in Afghanistan, where a comprehensive peace agreement remains elusive. In Syria, U.S. forces that the president pledged to remove skirmished this week with troops from Russia , a nation that remains provocative, despite Mr. Trump's incongruous overtures to President Vladimir V. Putin. In Venezuela, the socialist president, Nicolás Maduro, thumbs his nose at the Trump administration's explicit efforts to depose him.
Walmart divests of Bare Necessities intimate apparel business - Talk Business & Politics
Israeli-based Delta Galil Industries reported Wednesday (Aug. 26) it had acquired the Bare Necessities intimate apparel business from Walmart for an undisclosed sum.
The deal is expected to close in the next few weeks and the business will be add to earnings next year, according to Isaac Dabah, CEO of Delta Galil.
New Jersey-based Bare Necessities was acquired by Walmart in October 2018 in an effort by Marc Lore, CEO of Walmart eCommerce, to strengthen the e-commerce business with a wider array of apparel and category expertise. But the strategy has somewhat been abandoned in recent years as Walmart tries to rein in losses in this part of the business.
Mortgage rates drop to near historic lows and more business news | Chattanooga Times Free Press
U.S. average rates on long-term mortgages fell this week, with historically low levels continuing to fuel demand for homes.
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Housing demand continues as one of few bright spots in the pandemic-hobbled economy, especially for prospective buyers considering a first-time purchase. The trend may even extend strong sales of homes, which has already carried over from spring into summer, further into the fall, Freddie Mac says.
"Although rare, we continue to put passengers who refuse to follow the required face-covering rules on our no-fly list," said Delta CEO Ed Bastian in a memo to employees Thursday.
Happening on Twitter
Hi Scott, here's the debate schedule. I hear the Virginia Beach Interdenominational Ministers Conference is having… https://t.co/WeRxwOaAYU ElaineLuriaVA (from Virginia) Thu Aug 27 18:40:13 +0000 2020
It was one of the most horrific crimes ever committed in Virginia Beach, and at one point, every police detective i… https://t.co/2o3dB688f5 virginianpilot (from Norfolk, VA) Thu Aug 27 14:41:14 +0000 2020
Special Marine Warning including the Coastal Waters from Cape Charles Light to Virginia-North Carolina border out t… https://t.co/qGDIo5LqKX NWSWakefieldVA (from Wakefield, VA) Fri Aug 28 02:52:32 +0000 2020
Severe Thunderstorm Warning continues for Chesapeake city, VA, Norfolk city, VA, Portsmouth city, VA, Suffolk city,… https://t.co/LUPhN0tG2D NWSSevereTstorm Fri Aug 28 03:34:46 +0000 2020
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