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COVID-19 has claimed the lives of thousands of people around world. It has sent financial markets into a downward spiral and now, the backbone of the American economy, roughly 30 million small businesses, is in jeopardy.“Most small businesses really don’t have much in the way of cashflow,” said Todd McCracken. “They are in the position to last for days maybe weeks, for the most part, if they don’t have money coming in the door.”McCracken is with the National Small Business Association. Many of NSBA’s 65,000 members have had to shutter their doors temporarily in the name of public health, but the longer these businesses remain closed, the more concern there is over whether some will ever reopen.“Small businesses are half our economy,” McCraken added. “Most new jobs are provided by smaller companies and about half of all non-governmental employment is provided by smaller businesses.”So, what exactly do small businesses in America need right now to survive this pandemic, the financial side at least?“They need liquidity, they need cash. That’s the bottom line,” said McCracken.Some small businesses are getting cash from bigger companies, like Facebook. Last week, the social media giant pledged 0 million in grants for 30,000 small businesses struggling right now.In addition, the U.S. small business administration has begun offering up to million in low-interest disaster relief loans to small businesses effect by COVID-19. The loans are 2.75 to 3.75 percent.Meanwhile, a growing number of states, like Florida, are offering no-interest loans. Typically though, they max out at ,000 per small business.Importantly to note, whether a business is applying for private sector grants or government loans, they should expect the process for both to take a few weeks. A few weeks could just be too long for many of the small business feeling the financial impact of this pandemic, and that is why organizations like the NSBA are closely watching the second stimulus package being proposed in congress.The latest version of the package would offer 0 billion in small business loans that are expected to be issued in a faster timeframe and with more substantial benefits. The catch is small businesses who get this money have to commit to not to laying off their current employees.“This is a really good package for small companies,” said McCracken. “It would allow them to get a loan, we hope very quickly to support their operations but importantly the amount they spent on staffing and their rent payments can be completely forgiven.”What is loaned but not used for rent and staffing would have to be paid back, but the business has a year to do so. “There are still going to be hiccups I am sure, because we’ve never tried anything like this before,” said McCracken, “because this is literally going to be millions of small businesses applying for these loans in a very tight window.”McCracken, most financial analysts and even economist believe if small businesses can stay afloat, then the economy and average Americans should be able to bounce back faster post-COVID-19. 3110
CITY OF TONAWANDA, N.Y.— Police in the City of Tonawanda say a man has been charged with three felonies and three misdemeanors after they say 154
CHICAGO, Ill. – A 7-year-old girl was shot while trick-or-treating in Chicago. It happened Thursday evening in the 3700 block of W. 26th Street on the city’s west side, according to the Chicago Police Department.Chief Communications Officer Anthony Guglielmi says the girl was critically injured in the shooting while out with family for Halloween. “We heard the shots ... four shots, and I went outside,’’ cellphone store worker Lali Lara told 456
DENVER – Deputy U.S. Marshals say evidence shows an alleged child rapist faked his own death in Alabama and is now hiding out in Denver where his mother, brother and sister live.Jackson County Prosecutors in Pascagoula, Miss. charged Jacob Blair Scott, 42, with 14 sex charges alleging he raped a young girl. He disappeared on July 30, 2018, from Orange Beach, Ala. days before he was set to plead guilty in the case. Orange Beach is about 90 minutes from Pascagoula.Law enforcement found a dinghy floating in the ocean, a gun tied to the boat and what they describe as a suicide note listing contact information for Scott’s family.Deputy U.S. Marshal Katrina Crouse said investigators found the situation odd from the beginning. Only a very small amount of blood was found on the dinghy."Normally in situations where somebody is shot, committed suicide, you're going to have other forensic-type evidence. For example, brain matter, hair, skin, bone,” she said. “None of that was found."Investigators also found it odd that the gun was tied to the boat.“Almost like they wanted to make sure that the gun was discovered,” she said.No body was found and Crouse said it’s unusual, even in the ocean off shore, for a body to not be found. “Normally bodies will float to the surface,” Crouse said.Scott disappeared just days before he was set to plead guilty in court, she said.Scott’s mother, who lives in the Denver area, denied her son was alive when she was reached on the phone by Contact7 Investigates. She blamed the 14-year-old girl, saying the girl seduced her son.After Scott disappeared, a judge in Jackson County, Miss. issued an arrest warrant for Scott. He had been out on bond while his case moved through the legal system.He is now considered a fugitive.More questionsAs investigators looked into Scott’s disappearance, they discovered he withdrew about ,000 from his retirement account before vanishing.That strikes Deputy U.S. Marshal Crouse as odd.“If you take money out of an account, we know where that money goes. You either give it to relatives or you distribute it to friends,” she said. “No money has been located.”Sightings after the disappearanceA person who claimed to be a friend of Scott’s called the lead investigator in Jackson County, Miss. to say Scott had been spotted driving a vehicle in the county on Aug. 6, 2018.Investigators could not locate him.Then a tip came to the Mississippi Coast Crime Stoppers on Dec. 26, 2018.“The tipster stated that someone matching the description of Jacob Blair Scott was seen frequenting the Golden Spike Apartments,” Crouse said. The Golden Spike Apartments are located at West Yale Avenue and South Federal Boulevard in Denver.“The tipster stated the suspect was seen going up to the 8th floor and on the first floor,” she said.Deputy U.S. Marshals visited apartment management, who said they didn’t recognize Scott’s photo, but a worker at the apartments said he’d seen Scott smoking nearby.That’s the same story Mano Quintana told Contact7 Investigative Reporter Jace Larson at the apartment complex Wednesday.“He was in front of garbage cans smoking,” Quintana said.As he looked at Scott’s photo, he said he didn’t doubt he’d seen Scott on the property before.“Pretty darn sure. I’m really 100-percent positive it was him,” Quintana said.Reward for informationU.S. Marshals are hoping someone recognizes Scott and calls with information. 3424
Companies are hurting for workers, and that means they're offering candidates really good benefits. One of the most attractive benefits out there right now? Shorter workdays. Some companies are making their workdays as short as just five hours. 256