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Added on the 02/06/2017 16:49:47 - Copyright : Euronews EN
The US Federal government's Paycheck Protection Program, or PPP, doled out hundreds of billions of dollars to businesses. The PPP's goal was to assist businesses during the nearly inevitable slowdowns due to the coronavirus pandemic. But according to Business Insider, many minority-owned businesses were left waiting for funds until the final weeks of the program. Many of our businesses were being turned down in the first and second round of funding. That caused application fatigue and frustration. Ron Busby President, US Black Chambers The Center For Responsible Lending says minority-owned businesses support 8.7 million jobs with an annual total payroll of $280 billion.
After nine months of talks, 29 U.S. West Coast ports are still partially shut down and small businesses across the coutnry are feeling the pinch. Jillian Kitchener reports.
Zagreb, Feb 3 (EFE/EPA).- (Camera: Antonio Bat) Thousands of small business owners and workers in sectors that have been forced to close because of the coronavirus pandemic protested in the center of Zagreb on Wednesday to demand the reopening of their businesses.FOOTAGE OF PROTESTS IN ZAGREB.
Kyiv(Ukraine), Jan 28 (EFE / EPA), (Camera: Sergey Dolzhenko).- Small business owners gathered on Thursday in Kyiv to demand the derogation of the new law on the simplified tax system. FOOTAGE OF THE PROTEST IN KYIV.
Spencer Platt/Getty Images Americans want President Joe Biden to prioritize small business aid and provide further relief from the pandemic. Richard Prisinzano, director of policy analysis at the Penn Wharton Budget Model, said that more aid is necessary to help businesses, but it is reliant on vaccine distribution and the pandemic timeline. Other components of Biden's stimulus proposal, like the stimulus checks and moratoriums on evictions, will also help small businesses. Visit Business Insider's homepage for more stories. Small businesses have been hit hard throughout the pandemic, and President Joe Biden intends to provide relief through his stimulus proposal unveiled last Thursday.
Following Wednesday's violence on Capitol Hill, Goldman Sachs has made an ask. Goldman Sachs asked small-business owners not to wear "Storm the Hill" T-shirts. The company mailed them for an unrelated event, The Wall Street Journal reported Thursday. The virtual event, planned for January 13, is to encourage small-business owners. The plan was to pressure lawmakers to pass additional COVID-19 relief for businesses. But the bank rebranded the event after pro-Trump terrorists literally stormed the hill on Wednesday.
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