Grants generally is a recreation changer for companies within the leisure sector, providing essential help for various initiatives. They supply funding for gear upgrades, venue enhancements, and new know-how, enabling greater manufacturing values and enhanced viewers experiences. Grants additionally help advertising and promotional actions, serving to to broaden viewers attain.
Moreover, they will fund instructional packages and workshops, fostering expertise improvement inside the trade. This monetary help is essential for innovation and progress within the aggressive leisure market. If you’re within the leisure trade, check out the grants out there this week.
Companies all through the Los Angeles space depend on the leisure trade for varied capabilities. So when two main trade unions struck final 12 months, many small companies felt the consequences. Now, a brand new grant program goals to help these companies and any that had been negatively affected by COVID.
Small Enterprise Information Could 10, 2024
Within the roundup this week, the variety of small enterprise homeowners defaulting on their COVID restoration loans has reached $59 billion in late charges. There may be additionally information that small companies have obtained $178 billion in federal contracts for the 2023 fiscal 12 months, which is a document. For that and extra check out the remainder of this week’s information roundup.
Small Companies Owe $59 Billion in Charges After Defaulting on COVID Restoration Loans
For a lot of companies that struggled through the COVID-19 pandemic, Small Enterprise Administration loans supplied a necessary lifeline. However now, 1000’s of companies that accepted these loans have defaulted. And so they owe a complete of $59 billion in late charges, in response to a current report from the Wall Road Journal.
Small Companies Recieved $178 Billion in Federal Contracts in FY23
The Small Enterprise Administration (SBA) simply launched its annual report card on how federal companies are doing in giving contracts to small companies. These companies exceeded their FY23 purpose of 23%, awarding 28.4% of federal contract {dollars} to small companies. The SBA Administrator Isabel Casillas Guzman introduced the outcomes of the Fiscal 12 months (FY) 2023 federal procurement “Scorecard.
Upwork Launches New AI Improvements and Options for Simpler Hiring and Working
Upwork introduced a brand new set of instruments and partnerships designed to rework how firms and freelancers rent and work. This announcement was made through the first version of Upwork Updates: Spring 2024, a semi-annual product showcase. The spotlight of this Spring’s replace is Uma, the brand new AI developed by Upwork.
California Legislation Banning “Junk Charges” Will Drive Restaurant Costs Even Greater
California’s restaurant scene is bracing for one more monetary hit this summer season when a brand new regulation is about to shake up menu costs. Fox Enterprise reviews that following the current enhance within the state’s minimal wage to $20, fast-food chains have already adjusted their pricing.
San Diego’s Ban on Polystyrene Means Extra Prices for Small Companies
In April, a ban on polystyrene went into impact for small companies in San Diego. Polystyrene is an artificial polymer, typically known as Styrofoam, particularly within the U.S. The transfer means extra prices for small companies in that California group.
Generational Ban Legal guidelines Threaten the Way forward for Some Native Tobacconists
New legal guidelines on the books in Massachusetts are threatening the way forward for some historic native tobacconist companies. Following a landmark choice by the Massachusetts Supreme Judicial Courtroom, a number of Larger Boston cities are adopting one thing often called a generational tobacco ban.
Labor Dept. Eliminates Trump Affiliation Well being Plans
The U.S. Division of Labor rolled again a Trump-era rule that lets self-employed people and small companies buy cheaper affiliation well being plans. The plans didn’t totally adjust to Inexpensive Care Act necessities. Small enterprise homeowners and entrepreneurs benefiting from cheaper affiliation well being plans will quickly lose their extra reasonably priced choices.
Tax Preparer Sentenced After Submitting 900+ False Earnings Tax Returns
A Chicago-area tax preparer has been sentenced to 1 12 months and in the future in jail for getting ready and submitting over 900 false revenue tax returns. The Inner Income Service (IRS) mentioned this has resulted in a lack of $1.3 million.
Small Enterprise Proprietor Hosts Distinctive Promotion to Overcome Fraud Losses
Tens of millions of companies are victims of fraud annually. However one Texas enterprise just lately realized how a lot a powerful group of consumers might help when going through this kind of problem. Alex Lyons, proprietor of the boutique Rae of Sunshine Collective in Denison, Texas, realized final 12 months that a whole bunch of {dollars} had been taken from her accounts because of fraudulent checks.
Get Quiet: How you can Discover Out The place You Are Actually Going
We’re dwelling in frenetic occasions. Amid all of the busyness and the FOMO, you may additionally really feel directionless and overwhelmed. Perhaps you realize there’s extra to life, however you haven’t any thought what that “extra” is. Perhaps you sense there’s a message it’s essential hear, however the noise of on a regular basis life is drowning it out.
Amazon Supply Drones to Land in Phoenix
Amazon is including a brand new location to its drone supply service. The Amazon Drone Supply Program will probably be based mostly in Tolleson, Arizona. Packages will probably be delivered to West Valley clients in lower than an hour utilizing the super-fast supply choice. The drone program began in 2022 in School Station, Texas, and Lockeford, California.
Picture: Envato
