We understand that there are businesses in want of support, and the disaster mortgage program has the authority to distribute loans of up to $2 million for businesses in the affected industries. To be eligible for a disaster mortgage, businesses have to prove that they’ve experienced a decrease in gross sales and money move for a sure time frame. If you learn one annual funding listing, it must be the Fortune Investor’s Guide. Fortune also presents thoughtful articles on business news in addition to profiles of business leaders who’re shaping the business world around us.
Layoffs and business closures because of Governor Scott’s “Stay Home, Stay Safe” order due to COVID-19 have resulted in a rush of claims. The Labor Department and its 30-12 months-previous mainframe has struggled to maintain up. The governor mentioned if progress on fixing the issue does not work this week he’ll have to come up with “a creative” resolution. Local telehealth firms, experiencing a giant boost in each hospital shoppers and sufferers, are quickly adjusting their business fashions to grab the chance because the impact of Covid-19.
- Iowa employees have been pushed to government assistance applications in droves after Gov. Kim Reynolds ordered a big swath of business closings beginning March 17 to slow the spread of coronavirus.
- An settlement amongst oil producers on chopping output that was reached earlier this week helped calm recent volatility in the market.
- Tania Norris also brings 25 years of success in authorities and defense media markets.
- WVEC ABC13 launched a 30-minute TV show highlighting native companies called “Hampton Roads Business Weekly” with host Zack Miller, managing director of startup accelerator Hatch in downtown Norfolk.
(AP) — Stocks are rising at the opening of buying and selling on Wall Street Friday as investors rally round indicators that more governments are planning phased re-openings of their economies. News that China’s economy suffered the worst downturn since 1979 last quarter did little to depress merchants’ optimism after the White House issued guidelines for a phased reopening of businesses, faculties and other establishments. The S&P 500 rose practically 2% and could shut out its first back-to-back weekly gain since the market started to sell off in February on worries about the virus. China Sports Business Weekly
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After applying, begin submitting weekly claims right away—even earlier than you’re approved—to get paid faster. Remember to submit your weekly claim while you’re waiting for approval. You should apply for regular unemployment benefits before you can apply for the expanded benefits for individuals impacted by COVID-19.
Demand for oil has plunged as nations close down industries and halt travel to comprise the unfold of the coronavirus. An agreement amongst oil producers on slicing output that was reached earlier this week helped calm latest volatility available in the market.