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Small Business

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SAN DIEGO (AP) — An Australian man and his Southern California business partner who ran a network of online charter schools pleaded guilty Friday to felony charges tied to a massive fraud scheme that siphoned $50 million in education funds from the state to invest in start-up companies and real estate.

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SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed a $7.6 billion coronavirus relief package on Tuesday that will give at least $600 one-time payments to 5.7 million people while setting aside more than $2 billion in grants for struggling small businesses.

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NEW YORK (AP) — As airlines slashed flights and furloughs appeared inevitable in the early days of the coronavirus pandemic, Mike Catania sensed there would be little need for a service that helped airline crews find short-term housing.

Small business is often held up as a key driver of the U.S. economy, and for good reason. But with fewer financial resources than larger firms, small businesses are especially vulnerable during economic downturns.

MADISON, Wis. (AP) — Gov. Tony Evers will propose more than $329 million in new economic development initiatives as part of his state budget proposal on Tuesday, including a new $100 million venture capital fund to help startups and $200 million to assist small businesses hurt by the coronavirus pandemic.

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NEW ORLEANS (AP) — During last year's Carnival season, tourists at the Elysian Fields Inn gathered over breakfast to talk about parades from the night before. At NOLA Art Bar, they sipped cocktails and watched a parade go by. At Kajun's Pub, many revelers started and ended Fat Tuesday in the bar.

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NEW ORLEANS (AP) — Small minority-owned businesses have often struggled to gain access to capital and other tools to grow, a challenge made more daunting by the economic upheaval of the coronavirus pandemic. But a new effort announced Tuesday aims to address those disparities in pockets of the nation long gripped by poverty.

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CARSON CITY, Nev. (AP) — Nevada lawmakers on Monday unanimously approved spending plans for $633 million-worth of coronavirus relief funds passed in 2020 and sent to states by the federal government, funneling money to renters, schools and small businesses adversely affected by the pandemic.

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Scores of Roman Catholic dioceses in the U.S. had more than $10 billion in cash and other readily available funds when they received at least $1.5 billion from the nation’s emergency relief program for small businesses slammed by the coronavirus, an Associated Press investigation has found.

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When the coronavirus pandemic sent the U.S. economy into freefall last year, the federal government hastily knit a safety net for small businesses called the Paycheck Protection Program. The idea was to keep Main Street alive — and workers paid — even as the public health emergency shuttered shops and offices.

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