SEPTA expects to avoid layoffs, service cuts for now after $252M in Covid-19 relief funding
SEPTA officials expect to soon breathe a little easier with an estimated $252 million in additional federal relief funds coming to the beleaguered transit agency. The money comes from a federal Covid-19 relief package passed in December that inc.....»»
Polis, Western governors request $1T from federal government amid budget cuts
Gov. Jared Polis joined with other Western governors on Monday in requesting $1 trillion in relief to states and local governments to avoid deep cuts in services amid the Covid-19 pandemic. Governors and legislators in California, Colorado, Oregon, N.....»»
Coronavirus roundup: Menlo Park budget shortfall | Cities offer to aid county in Covid-19 testing
Menlo Park will have to make budget cuts and crack open its piggy bank to make up for a major funding gap this fiscal year and the city is bracing for an even bigger cut next year. The Peninsula city expects an $8 million budget shortfall between now.....»»
Phoenix considers service cuts, layoffs as revenue dries up due to COVID-19
No matter when the city's economy turns around as the effects of the coronavirus eventually fade, Phoenix is facing big deficits. Deputy City Manager Jeff Barton outlined a brutal budget forecast for 2021 in a teleconferenced planning meeting on March .....»»
Whole Foods plans layoffs as part of reorganization involving merchandising, operations, HR, and tech teams
The company said it expects layoffs to impact a small percentage of employees and won't involve cuts from individual stores or distribution centers. Alex Tai/SOPA Images/LightRocket via Getty Images Whole Foods is layin.....»»
Republicans are touting benefits of $1.9 trillion COVID-19 relief bill despite voting against it
The package, which included direct payments and funding for state and local governments, did not receive a single GOP vote in the House or Senate. Rep. Madison Cawthorn (R-North Carolina) speaks on the House floor. House Television v.....»»
81% of restaurants, gyms receiving $12M in Philadelphia grant funding are located outside of Center City
The vast majority of the 914 recipients of a city restaurant and gym grant program were located outside Center City, a dramatic change from past Covid-19 relief programs......»»
$1.9T Covid relief bill promises tech opportunity for federal contractors
The American Rescue Plan Act includes more than $2 billion in funding for technology and cybersecurity efforts and provides contractors with a change to generate modernization momentum, some experts say......»»
How the new Covid economic relief bill will benefit Seattle-area businesses
Washington state is expected to get more than $6.7 billion in funding from the American Rescue Plan Act (ARPA), the $1.9 trillion federal Covid relief package approved by Congress on Wednesday. Authorities said Wednesday evening they’re w.....»»
Meet Robert Rodriguez, a 2021 Most Admired CEO honoree
"Covid-19 created another gut check, but we continue to live our talk — no layoffs, no furloughs, no pay cuts.".....»»
Biden expects stimulus payouts to begin yet this month, says bill passage speeds up vaccinations
President Joe Biden, speaking Saturday after Senate passage of a COVID-19 stimulus bill, said he anticipated relief checks and deposits for Americans to be sent out yet this month. Biden also said passage of the bill that now returns to the House next wee.....»»
Goldman Sachs boosts US GDP forecast to 6.8% in 2021 and now expects $1.5 trillion in COVID-19 stimulus
The bank is expecting President Joe Biden's COVID-19 relief package to reach $1.5 trillion, u.....»»
The US debt pile could swell further as COVID-19 drives lasting uncertainty, Treasury Department says
The Treasury expects to keep increasing its auction sizes in 2021 after first boosting issuance last year to pay for economic relief. Karen Bleier/AFT/Getty Images The Treasury Department said Wednesday the pa.....»»
Sanders says Democrats can"t "wait weeks and weeks" to gain Republican support to pass COVID-19 relief and should use reconciliation to avoid the filibuster
If Democrats, who hold a slim Senate majority, use reconciliation to bypass the filibuster, they can pass relief with just 51 votes. Sen. Bernie Sanders, I-Vt., talks during an interview with MSNBC in the Russell Rotunda in Washi.....»»
Next Avenue: The COVID relief law holds good news and bad news for older Americans
It's a mixed bag for aging services programs but includes landmark funding to curb elder abuse......»»
: Latest round of PPP funding targets mom-and-pop businesses
Congress is set to pass a long awaited COVID relief bill that will reauthorize and replenish emergency l.....»»
Charlotte restaurant owner charged with fraud over $1.7M in PPP
The owner of La Shish Kabob in Charlotte denies his role in an alleged scheme to fraudulently obtain more than $1.7 million in Covid-19 relief funding. “We are not guilty. We trust the judge and the courts,” Izzat Freitekh told the Charlotte.....»»
Donate to Help Fight COVID-19 With CoinDesk and NY Blockchain Week
During Consensus: Distributed, CoinDesk is raising money for COVID-19 relief using an innovative method called quadratic funding......»»
Giant Eagle working to expand curbside service in the North and East suburbs
Giant Eagle works to expand and grow e-commerce approach as the Covid-19 pandemic creates a new urgency to provide customers with an option to avoid shopping in stores themselves......»»
Uber’s Newest Wave of Cost-Cutting Measures Ahead of Earnings
Uber announced Wednesday that it plans to take more actions to cut costs in regards to the COVID-19 pandemic, including layoffs and executive pay cuts......»»
Arch Grants taps Covid-19 relief fund to assist 16 St. Louis startups
Arch Grants, the local nonprofit that awards $50,000 equity-free grants to startups, has provided new funding to 16 of its portfolio companies to help them navigate the Covid-19 pandemic. The funds were distributed from the Arch Grants Relief Fund,.....»»