It explores how Black business owners made sense of the Paycheck Protection Program, and how they came to regard it as an untrustworthy source of economic relief or even a dangerous trap. Less than half of the small business owners we interviewed applied for PPP, and those who did, did so...
That’s why, in part due to the recently passed Coronavirus Aid, Relief, and Economic Security Act (or CARES), which designated $350 billion to help small businesses,new programs have been created which are designed to help small business owners make ends meetin this unprecedented financial cri...
Facebook Twitter Comments Print Email By Megan Henney FOXBusinessVideo President Biden has made a third stimulus check an integral part of his nearly $2 trillion coronavirus relief package, but recent analysis shows that the payments could go to well-off Americans who won't spend the money. ...
R-Pa., led the push for small business relief last month. They said in a letter Congress should provide cash for the industries that might be the most impacted by omicron through the Restaurant Revitalization Fund (RRF). The RRF ran out of money in the fall. ...
As Qu pointed out, to finance its relief package, the U.S. government will basically issue an IOU to the market and the rest of the world to borrow money. It will then pay this back with income from taxes and other sources over the next several years. "So th...
"That's why the funding is vitally important — to set the stage for the future of the industry, to come out stronger and utilize everything we've learned in the past year." SIGN UP:Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox. For the...
Parks said the funds will save her business. “May was when we were going to have to tap our bank credit lines,” said Parks, a member of theNational Independent Venue Association, which lobbied for the relief. She also heads its Diversity, Equity and Inclusion task force. ...
The U.S. economy could take one to two years to rebound to full strength and more money will be needed from the Fed and Congress to fight the coronavirus pandemic, according to the CNBC Fed Survey released Tuesday. Thirty-three percent of respondents believe the U.S. economy won't be fu...
"No one is showing up and we are firmly operating in the red now, but people are buying gift cards and ordering online, for which I am really grateful," Marshall told CBS MoneyWatch. For small business owners suddenly deprived of customers, such support from patrons can can spell the diff...
Instead, some states used hundreds of millions of dollars in COVID relief money for pet projects. AMID SOARING INFLATION, SKYROCKETING GAS PRICES, CONGRESS BRINGS BACK EARMARKS: ‘COCAINE OF THIS GENERATION’ Rep. Greg Murphy, R-N.C., walks down the House steps after a vote in the Capitol...