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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.....»»

Category: topSource: bizjournalsJan 13th, 2021

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.....»»

Category: topSource: bizjournalsMay 12th, 2020

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.....»»

Category: topSource: bizjournalsMay 1st, 2020

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 .....»»

Category: topSource: bizjournalsApr 3rd, 2020

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.....»»

Category: topSource: businessinsiderMay 13th, 2021

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.....»»

Category: worldSource: nytApr 4th, 2021

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......»»

Category: topSource: bizjournalsMar 12th, 2021

$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......»»

Category: topSource: bizjournalsMar 11th, 2021

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.....»»

Category: topSource: bizjournalsMar 11th, 2021

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.".....»»

Category: topSource: bizjournalsMar 9th, 2021

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.....»»

Category: topSource: marketwatchMar 6th, 2021

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.....»»

Category: worldSource: nytFeb 9th, 2021

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.....»»

Category: dealsSource: nytFeb 3rd, 2021

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.....»»

Category: topSource: businessinsiderJan 24th, 2021

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......»»

Category: topSource: marketwatchJan 19th, 2021

: 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.....»»

Category: topSource: marketwatchDec 21st, 2020

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.....»»

Category: topSource: bizjournalsDec 20th, 2020

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......»»

Category: forexSource: coindeskMay 11th, 2020

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......»»

Category: topSource: bizjournalsMay 6th, 2020

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......»»

Category: blogSource: 247wallstMay 6th, 2020

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,.....»»

Category: topSource: bizjournalsApr 30th, 2020