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Small businesses in Escambia County hurt by the COVID-19 pandemic can apply for grants from the county starting Friday.



CARES Act stimulus checks


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CARES Act stimulus checks

Escambia County announced Wednesday that it would start accepting grants for its $7.5 million emergency financial assistance program for small businesses at 8 a.m. Friday.

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Applications will be accepted through 8 p.m. Tuesday.

Businesses with fewer than 25 employees will be eligible for $7,500 grants, and business with 26 to 50 employees will be eligible for $15,000 grants.

If businesses received money from the Paycheck Protection Program, they are still eligible for the grants if they received less than $10,000.

The grants are being funding from the federal Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act.

The county said grants will be awarded on a first-qualified, first-served basis. 

Applications are available online at myescambia.com/CARES. Also

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NASA’s Marshall Center Awarded Small Business Administrator’s Cup Award

PR Newswire

HUNTSVILLE, Ala., Sept. 30, 2020

HUNTSVILLE, Ala., Sept. 30, 2020 /PRNewswire/ — NASA’s Marshall Space Flight Center in Huntsville, Alabama, was honored Sept. 30 with the FY2019 Small Business Administrator’s Cup — an agency award for managing the most effective small business program. The presentation was made during the 14 Annual MSFC Industry & Advocates Award ceremony, held virtually. It is the sixth time since the award was established in 2008 that Marshall has earned the prize – the most wins of any center at the agency.

NASA Logo. (PRNewsFoto/NASA) (PRNewsFoto/) (PRNewsfoto/NASA)
NASA Logo. (PRNewsFoto/NASA) (PRNewsFoto/) (PRNewsfoto/NASA)

The award annually recognizes the NASA Center with the best innovative practices that promote small business participation in a variety of NASA initiatives, and recognizes significant contributions to the agency’s small business programs by the winning center’s senior management, procurement office and program and technical

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a store front at day


© Nivek Neslo—Getty Images


There are a few numbers that represent the impact of the pandemic to Jesse Jacobs: 90% down, 100 to six, four to zero.

Those figures encapsulate the hit his small business, Samovar Tea, has taken in revenues, employee count, and number of stores open, respectively.

“Now we’re essentially using our own life savings and credit cards,” he tells Fortune of his San Francisco–based business, which has now pivoted to online sales. “That’s basically where we’re at.”

With numbers like those, small-business owners like Jacobs are a little preoccupied, even as the election looms in November. As a blanket wish, he says, “our needs would be met best by the right leader who has a calm, optimistic outlook with tactical solutions that benefit small business.”

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In times of crisis, your leadership is even more critical to your company’s success.

That’s according to the small-business advocates on Wednesday’s Hispanic Small Business Town Hall. The session, which focused on the topic of leadership, was the third in a series of streaming events hosted by Inc. and Hello Alice during Hispanic Heritage Month. The event was moderated by Hello Alice CEO and co-founder Carolyn Rodz.

Here are three things the panelists say you should do while leading your team during the pandemic.

1. Be empathetic.

“Good leaders in crisis recognize what their workforce is going through,” says Moe Vela, CEO of consulting firm MoeVela, LLC and an adviser in the Clinton and Obama White House. Those leaders empathize with their employees: They listen and gain an understanding of their needs, then take steps to address their anxieties. Some of the businesses Vela has been working with during

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Chamath Palihapitiya

Olivia Michael | CNBC

If the government approves further stimulus funds, they should go to individual consumers and small businesses, venture capitalist Chamath Palihapitiya said Wednesday.

In a searing diatribe against the troubled sector, the CEO of Social Capital expanded on comments he made earlier in the year to CNBC in which he said airlines should not be bailed out because they are so poorly managed.

Palihapitiya said that before the coronavirus pandemic, the companies already were doing “the most absolutely horrid and idiotic form of capital allocation you could imagine.”

“Not a single extra dollar should go to these companies,” he added.

Among the poor decisions he cited were not investing in research and development, saving or putting more resources into their workforces. Instead, they focused cash on share repurchases and inflating stock prices.

“This has been happening for the last 15 or 20 years,” Palihapitiya said

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Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • My freelance income didn’t drop much at the start of the pandemic, but I was worried I wouldn’t be able to work as much once I was homeschooling my son, so I took out an Economic Injury Disaster Loan.
  • Right now, I don’t need the loan to keep my business afloat, so I wanted to keep it somewhere where it would earn interest.
  • I considered a CD, but rates aren’t great and my money would be locked away, so I decided on a high-yield savings account where I can access it if I need it.
  • Sign up to get Personal Finance Insider’s newsletter in your inbox»

This year has been

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CHARLOTTE, N.C., Sept. 30, 2020 /PRNewswire/ — As small business owners continue to navigate the COVID-19 crisis, many are grappling with significant new challenges. According to a recent LendingTree survey of almost 1,400 small business owners, day-to-day business disruptions have spurred unexpected layoffs and financial concerns. In fact, nearly three-quarters of small business owners have taken on debt to make up for financial losses. And few businesses are again fully operational. But it isn’t all doom and gloom, the survey found. The majority of small business owners still feel optimistic about their future beyond the pandemic.

LendingTree logo (PRNewsfoto/LendingTree)
LendingTree logo (PRNewsfoto/LendingTree)

Key Findings:

  • About 74% of small business owners have taken on debt to cope with the financial losses due to the coronavirus crisis. Most notably, 37% took on credit card debt and 28% borrowed from friends or family.

  • Only 10% of small business owners who received Paycheck Protection Program (PPP)

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WASHINGTON DC — House Democrats have rolled out a new $2.2 trillion stimulus package that includes a wide variety of small-business relief programs, including billions of dollars in grants for live-venue operators and a second round of Paycheck Protection Program loans.

The legislation is the latest in a series of bills introduced by both Republicans and Democrats from both chambers in recent months. This new legislation is an updated version of the HEROES Act passed by the House in May, but not voted upon by the Republican Senate. The fate of this package, if it passes the House in the coming days, is equally unclear on whether it would receive a vote in the Senate.

Proponents hope its smaller scale, reduced from more than $3.4 trillion in the HEROES Act, could reinvigorate efforts in Congress to break the stimulus logjam. Democrats and Republicans have been divided over the size and

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Steve Strauss, Special to USA TODAY
Published 7:00 a.m. ET Sept. 30, 2020

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Carla Hall’s advice for entrepreneurs: It’s okay to not know everything!

USA TODAY Handout

Did the pandemic change your small business? For most of us, the answer is yes.

Which begs the question, how do you pivot to whatever is next? It seems difficult, right?

It turns out that changing course can be quite easy.

I want you to think about a giant cruise ship. Think about how big they are. Large cruise ships are about 1,000 feet long (longer than three football fields), and weigh more than 71,500 tons. They are massive. Now consider about how much energy and velocity that mighty ship has when headed in any one direction.

So how does a captain turn a ship to head in a new direction? It is not an insignificant question, and bingo if you think

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PITTSYLVANIA COUNTY, Va. (WDBJ) – Local businesses hit by the effects of the pandemic are getting a helping hand in the form of a $330,000 grant from the Virginia Department of Housing and Community Development.



a clear blue sky: WDBJ


© Provided by Roanoke-Lynchburg WDBJ-TV
WDBJ

The Pittsylvania County Board of Supervisors approved a resolution Tuesday night that will allow this grant contract to now be formalized.

“Since many businesses in Pittsylvania County have experienced negative consequences from COVID-19, we are thrilled to be able to offer this program to help keep them running,” said project leader Susan McCulloch, project manager for Pittsylvania County Economic Development. “This grant is meant to help the business that have been really affected by COVID-19: the restaurants, the retail establishments, the health and beauty businesses.”

Grants are available in amounts of up to $15,000.

The County will use $30,000 of the grant to administer the program.

The application process

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