Monday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed financial expert and Fox Business contributor Liz Peek to the newsmakers line to explain the true meaning of Biden’s American Rescue Bill.
Read the full storyTag: Small Businesses
Ohio Lawmakers Form Business First Caucus Aimed to Help Small Business
A group of Ohio lawmakers want to focus on the state’s below average ranking for economic performance by creating a bipartisan Business First Caucus.
The group, headed by state Sens. Mark Romanchuk, R-Ontario, and George Lang, R-West Chester, said it’s aimed at small businesses, staying at the center of major tax and regulatory reform while promoting ideas and legislation that positively impact small business in the state.
Read the full storyNewt Gingrich Commentary: Small Business Will Continue to Suffer Unless We Reopen Society
Small businesses have been decimated by the pandemic shutdowns. Many have struggled to survive. Many have had to lay off employees. If they haven’t closed their doors yet, the next six to nine months will be a real challenge.
There is some help on the way. The Small Business Administration has released a second round of the Paycheck Protection Program (PPP) — a forgivable loan program designed to assist small businesses with money to stay afloat. Part two of the PPP opened on Jan. 15.
Read the full storyPublic Affairs Strategist Clint Brewer Talks 2021 and the Need for Kids to Get Back to School
Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed all-star panelist Clint Brewer to the studio to weigh on how he saw 2021 and the need for our children to get back to school.
Read the full storyAid Applications Open for Michigan Businesses Flooded by Rain
Applications are now open for Michigan’s small businesses impacted by excess rain from Oct. 1, 2019 through June 2, 2020.
The U.S. Small Business Administration (SBA) is making Economic Injury Disaster Loans of up to $2 million available to eligible small businesses, agricultural cooperatives, and nonprofits in Clinton, Gratiot, Ionia, Isabella, Midland, Montcalm, Saginaw, and Shiawassee counties.
Read the full storyGov. Northam Announces Rebuild VA Grant Fund Eligibility Expanded
The eligibility for the REBUILD! VA Grant Fund for businesses, nonprofits impacted by COVID-19 has been expanded to a wider scope of small businesses, according to a news release.
The expansion of grant program, administered by the Department of Small Business and Supplier Diversity (SBSD), now includes small hotels, bed and breakfast facilities and Virginia film companies as well as companies that provide goods or services to eligible businesses.
Read the full storyMore Than Half of Business Closures Caused by Economic Lockdowns Are Permanent, Yelp Data Show
More than half of American businesses that closed down due to economic lockdowns are permanently shuttered, according to data Yelp published Wednesday.
There’s been a 23% increase in the number of business closures since mid-July, with the number of permanent closures reaching 96,966, representing 60% of closed businesses that will not be reopening, the data show.
Read the full storyVirginia Loan Authority has Millions of Unused Funds Available for Small Businesses, Report says
The Virginia Small Business Financing Authority (VSBFA) is doing a poor job issuing loans for small businesses with millions in unused funds available, according to a new report by the Joint Legislative Audit and Review Commission (JLARC) released Monday.
The VSBFA is a part of the Virginia Department of Small Business and Supplier Diversity, but operates separately from the rest of the agency.
Read the full storyNFIB Survey: 1 in 5 Small Business Owners Say They Will Close If Economic Conditions Don’t Improve Within Six Months
More than 20 percent of small business owners said they will have to close permanently if current economic conditions do not improve within the next six months, according to a survey conducted by the National Federation of Independent Business.
The largest small business association in the U.S., headquartered in Nashville, conducted the survey to assess the financial health of small businesses.
Read the full storyPaycheck Protection Program Is Supporting More Than 51 Million Small Business Jobs, Trump Administration Announces
The $670 billion Paycheck Protection Program (PPP) has supported more than 51 million jobs since its launch in April, the Treasury Department and Small Business Administration announced Monday as it released information on 4.9 million loans disbursed by the program.
“The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country,” Treasury Secretary Steven Mnuchin said in a statement Monday.
Read the full storyCoronavirus Restrictions Devastate Black Business Owners, Who Are Down 41 Percent: Study
The coronavirus pandemic has led to the largest drop in small business ownership in the United States, hurting black business owners the most, according to a June study from an economic research organization.
3.3 million business owners are not actively working, and 22% of the closures came during the February-to-April window of coronavirus restrictions, reported Axios, citing a National Bureau of Economic Research working paper. In the whole Great Recession of 2008, small business owners shrank by 730,000 at 5% reduction, the study noted.
Read the full storyU.S. Senate Passes Bill to Help Small Businesses Gain Easier Access to Federal Assistance
The U.S. Senate passed the Paycheck Protection Flexibility Act Wednesday night to make it easier for small businesses to access loans through the Paycheck Protection Plan (PPP). The bill awaits President Donald Trump’s signature.
Introduced by Republican Congressman Chip Roy of Texas and Democratic Congressman Dean Phillips of Minnesota, the bill eases restrictions for small businesses that were approved for the PPP program.
Read the full storyBoutique Venues of Nashville Owner Dan Cook Can’t Get Response From Mayor Cooper’s Office Regarding His Declining Business
On Friday’s Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Michael Patrick Leahy and all-star panelist Crom Carmichael welcomed the owner of Nashville Boutique Venues Dan Cook to the newsmakers line.
During the third hour, Cook described his attempts to contact Mayor John Cooper’s office to discuss the phase openings and how it’s negatively impacted his business. He expressed his disappointment that he has not received any type of return communication from the mayor’s office after several attempts but appeared hopeful with the local media attention he’s been able to attain.
Read the full storyMinnesota City Votes to Stop Enforcing Stay at Home Order
The city of Lakefield, Minnesota will no longer direct any resources to the enforcement of Gov. Tim Walz’s stay-at-home order issued in response to the coronavirus pandemic.
Read the full storyOwner Carey Bringle of the Peg Leg Porker BBQ Restaurant in Downtown Nashville Joins Leahy to Discuss His Recent Letter to Mayor Cooper
Live from Nashville, Tennessee, Friday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m.– Leahy was joined on the newsmakers line by Carey Bringle who is the local business owner of the popular BBQ restaurant located in The Gulch of downtown Nashville the Peg Leg Porker.
Read the full storyIzzy’s Ice Cream Permanently Closes St. Paul Location
The coronavirus pandemic has taken out another Minnesota business, this time the famous Izzy’s Ice Cream in St. Paul.
Read the full storyMinnesota Small Business Owners Sue State Over Coronavirus Restrictions
A group of small business owners announced Wednesday that they are suing the state of Minnesota over the “unconstitutional” restrictions imposed on them during the coronavirus pandemic.
Read the full storyBusiness Groups Paint Dim Picture of Ohio Economy, Urge DeWine to Reopen ‘Sooner Rather Than Later’
Six of the state’s most influential business organizations sent a letter to Gov. Mike DeWine last week urging him to reopen the economy as nearly one million Ohioans have now filed unemployment claims since the start of the coronavirus pandemic.
Read the full storyOhio Health Director Amy Acton Sued for Ban on Non-Essential Businesses
The Ohio Department of Health was sued in federal court Thursday for its ban on “non-essential businesses” during the coronavirus pandemic.
Read the full storyMore Than 38,000 Ohio Businesses Received Loans Under Depleted Paycheck Protection Program
More than 38,000 small businesses across Ohio have received forgivable loans from the federal government under the Paycheck Protection Program.
Read the full storyTennessee Small Businesses Have Received More Than $4 Billion Under Paycheck Protection Program
More than 19,000 small businesses across Tennessee have received forgivable loans from the federal government under the Paycheck Protection Program.
Read the full storyCoronavirus: Senator Kerry Roberts Advises the Need for Official Announcements in a Timely Manner for All Tennesseans
On Tuesday’s Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Michael Patrick Leahy welcomed his weekly regular guest and all-star panelist Tennessee state Senator Kerry Roberts (R-Springfield.)
Read the full storyOhio House Passes Tax Increases on Small Businesses During Small Business Week
The Ohio House passed House Bill 166 Thursday, its version of the state’s biennial budget. While the bill includes substantial income tax reductions, some groups aren’t pleased with the impact it will have on small businesses. Under the bill, Ohio’s Business Investment Income Deduction would be lowered to $100,000. As of now, small businesses don’t pay taxes on the first $250,000 of income, but that would be lowered to $100,000 under House Bill 166, which passed Thursday in a 85-9 vote. Eight Republicans and one Democrat voted against the budget proposal. “We had some really good debates and good ideas, and I think this budget will make a difference for Ohioans,” House Speaker Larry Householder (R-Glenford) said in a press release. “Some of the ideas we talked about are going to become separate bills in order to build them out a bit more. We’re just getting started.” The Ohio Chamber of Commerce was disappointed the bill passed, saying it “includes a $1.1 billion tax hike on small business owners, reducing their ability to reinvest in their businesses.” The bill “means less money for worker training, increased wages, new technology or equipment, or expanded operations,” the Ohio Chamber said. “Tax…
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