According to data on the government's Paycheck Protection Program (PPP), about 600 mostly larger companies, including dozens of national chains, received the maximum amount allowed under the program of $10 million.
Many companies were reported to have "retained" far more workers than they employ. Likewise, in some cases, the agency's jobs claim for entire industries surpassed the total number of workers in those sectors. For more than 875,000 borrowers, the data showed that zero jobs were supported or no information is listed at all, according to the analysis.
And here's another article:
Vodafone Business and RingCentral Announce Strategic Partnership to Deliver New Cloud-based
Together the companies will create a new co-branded, cloud-based service that will be the lead Unified Communications as a Service (UCaaS) solution for Vodafone Business, and also offer Contact Center as a Service (CCaaS) to Vodafone Business customers.
Bringing together Vodafone Business' mobile first approach, global brand, reach and scale with RingCentral's deep UCaaS and CCaaS expertise, the platform will deliver flexible, easy to use and secure services. The platform will be available to customers of all sizes offering all businesses benefits from next-generation communications and collaboration capabilities.
Small businesses in Michigan eligible for COVID-relief grants up to $15,000
Small businesses in Michigan facing financial hardships due to the COVID-19 pandemic can apply for a grant of up to $15,000 starting Dec. 15.
The Michigan Strategic Fund approved this week the $10 million Pure Michigan Small Business Relief Initiative which uses federal CARES Act funding.
"Our priority continues to be focused on getting critically needed relief into the hands of those businesses that need it most," MEDC CEO Mark Burton CEO said in a statement. "The Pure Michigan Small Business Relief Initiative, along with our "Support Local" campaign, builds on our commitment to getting funds to small businesses across Michigan and creating a strong foundation for the success of Michigan's workers and economy."
Small businesses who pivoted to e-commerce saw record sales during Black Friday weekend
Almost one-quarter of small businesses closed their doors during the pandemic — but for the few who survived, and pivoted to online sales, Black Friday weekend provided a much-needed boost.
Over the course of the holiday season so far, small retailers have seen an average 110 percent increase in online sales, according to Adobe Analytics.
"That was pretty heartening to see," said Vivek Pandya, a senior digital insights manager with Adobe Analytics. "There has been a lot of demand and a lot of opportunity for retailers of all sizes to support shopping demand online."
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Biden Faces a Balancing Act in Choosing Top Aides With Business Ties - The New York Times
WASHINGTON — Five years ago, Jeffrey D. Zients was the head of the Obama administration's National Economic Council, working to push across the finish line a federal rule that would prevent financial advisers from taking advantage of retirees. He won praise from progressives for fending off fierce resistance from Wall Street and for fighting for consumer protections.
The pre-emptive resistance to Mr. Zients (pronounced ZYE-ents) from the left is the latest indication of how the Democratic Party has shifted in the dozen years since former President Barack Obama took office amid the financial crisis. Now, business and finance experience can turn otherwise qualified White House candidates into pariahs for progressives.
San Jose Business Owners Putting Up Cash To Pay COVID Fines Incurred By Other Businesses –
SAN JOSE (CBS SF) — San Jose business owners are stepping up to help some of their competitors who have been slapped with fines by the county over COVID health violations .
Bui said other small business owners are just doing what they can to survive and shouldn’t be hit by the county when they are already down, saying helping other business owners, even if they are competitors, is just the right thing to do.
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“Small business owners are fighting just to stay afloat and with the lockdowns and everything in place that just makes it more difficult,” said Bui. “So if anyone wants to reach out and help more people at this time, the best thing we can do is give before we get, and just take care of one another.”
What an Anti-Racist Business Strategy Looks Like
Confronted with protests against systemic racism in the United States, companies are now working to ensure that their workforces and communities are more diverse, equitable and inclusive. But what does anti-racist business strategy look like in practice? There is no one-size-fits all approach, but you can focus on four foundational and four functional elements to stand up successful initiatives.
It's increasingly clear to many that our systems are – problematically – performing the way they were designed to . We must choose to create anti-racist systems in our companies and communities instead. We need action plans and perseverance, across sectors, to turn this moment into a lasting movement.
2 people safe, 1 unaccounted for after fire at Maple Grove business | KSTP.com
According to fire officials, around 6 p.m. on Tuesday, they received a call about three people inside a building fire on the 18400 block of Bass Lake Road.
There is still one person unaccounted for and the fire crew said they went back inside and looked but had to leave due to the fire being too big.
Happening on Twitter
Let me get this straight: Nancy Pelosi is blocking a bill to deliver unused Paycheck Protection Program funds to w… https://t.co/0lF9WG7Jp2 SteveScalise (from Jefferson, LA) Mon Nov 30 21:05:05 +0000 2020
But the Democrats want to bail out public school teachers in blue states, who never missed a paycheck. https://t.co/XIWxJYyWkR AnnCoulter (from Los Angeles/NYC) Tue Dec 01 04:41:23 +0000 2020
REMINDER: Senate Democrats have blocked coronavirus aid and House Democrats have blocked Republican efforts to r… https://t.co/AWMjGI3GHO GOP Tue Dec 01 19:31:01 +0000 2020
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