Virtual business training available

“ScaleUp: The Online COVID-19 Edition for Rural Counties” is open for registration to businesses throughout the state.

The free training will take place on 10 consecutive Wednesdays from 8:30 a.m. to noon starting Sept. 30.

The program will include virtual classroom training, roundtables, best practices and access to mentors to help businesses become more resilient and sustainable in the face of the pandemic.

The course is aimed at business owners or executives of businesses that have been in operation for two years with annual gross revenue of more than $100,000.

“ScaleUp” is a partnership between the state Department of Commerce, Thurston Economic Development Council, The Center for Business Innovation, and local economic development organizations.

Registration can be done at startup.choosewashingtonstate.com/programs/scaleup/

Virtual benefit concert to support local farms

The Washington Farmland Trust and Viva Farms are teaming up to hold “Love the Land: a virtual benefit concert

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NEW YORK (CBSNewYork) – If you’ve been expecting unemployment payments in New York, relief is on the way.

The state Labor Department says it paid out nearly $2 billion in lost wages to more than two million New Yorkers.

The state Labor Department said that a bank used to process the payments failed to do so overnight, but says the checks should land in people’s accounts by the end of business Friday.

KeyBank, the bank involved, said it experienced a “three hour delay in processing the supplemental Lost Wages Assistance (LWA) payments for unemployed New Yorkers.”

The issue has since been fixed, the bank said,

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(Updates earlier post with Nongfu Spring’s closing price)

Chinese businessman Zhong Shanshan had already done well for himself on the 2020 Forbes Billionaires List published in April. He ranked at No. 1,063 with a fortune of $2 billion, mainly from his holding in Nongfu Spring, which controls about a quarter of China’s bottled water market.

What a year it’s been. Zhong, 65, added to that in a big way through a Shenzhen IPO in June by Beijing Wantai Biological Pharmacy Enterprise, in which he is the largest shareholder.  Zhong’s stake there is now worth $10 billion.

Then today, Nongfu Spring soared upon listing in Hong Kong. At an early-morning trading price of HK$39.20, Zhong’s total fortune was worth nearly $59 billion, exceeding

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Despite the pandemic, the stock market has seen a remarkable rally.

The Standard & Poor’s 500 briefly hit a new record high during intraday trading on Tuesday morning.

While the S&P 500 dipped back into the negative after reaching its new high just around 10 a.m., the move was seen as significant for many as the index spiked higher than even its pre-pandemic levels.

It also comes just one day after the tech-heavy Nasdaq index closed at a new record high on Monday.

As the COVID-19 crisis overtook the U.S., the stock market entered a free fall before bottoming on March 23. Since then, however, equity markets have seen a remarkable rally — with both the Dow Jones Industrial Average and the S&P 500 gaining approximately 50%.

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