Page 80 - Payroll Protection Program News Today

The socio-economic hardships that individuals have battled with since COVID-19’s arrival are well-documented. The state of North Carolina and federal government have made investment decisions and developed new programs over the past year to reverse negative outcomes and jump-start recovery. Unfortunately, many efforts have been plagued with inequities that prolong the recovery process and exacerbate longstanding disparities. The Payroll Protection Program was one such effort — which, while ...

The socio-economic hardships that individuals have battled with since COVID-19’s arrival are well-documented. The state of North Carolina and federal government have made investment decisions and developed new programs over the past year to reverse negative outcomes and jump-start recovery. Unfortunately, many efforts have been plagued with inequities that prolong the recovery process and exacerbate longstanding disparities. The Payroll Protection Program was one such effort — which, while ...

The Nation, check out our latest issue. Subscribe to Support Progressive Journalism The Nation is reader supported: Chip in $10 or more to help us continue to write about the issues that matter. Sign up for our Wine Club today. Did you know you can support The Nation by drinking wine? Eric Ting remembers the chill that passed through the room when someone coughed during the California Shakespeare Theater gala in March of last year. The annual fundraising event—essential to the theate...

/ N.C. House Speaker Tim Moore, left, removed Rep. Julia Howard from the tax-policy committee on Tuesday. Both are Republicans. The current longest-serving member of the North Carolina House was stripped Tuesday of her chairmanship on the powerful House Finance Committee. Speaker Tim Moore removed 17-term Rep. Julia Howard from the tax-policy committee and placed her on Appropriations Committee, according to a document from the House Clerks Office provided to The Associated Press. Moores initi...

Bank of Santa Clarita Reports Record First Quarter 2021 Results SANTA CLARITA, CA / ACCESSWIRE / April 22, 2021 / Bank of Santa Clarita (OTC PINK:BSCA) today reported record financial results for the first quarter ended March 31, 2021. Net income for the three months ended March 31, 2021 was a record $1.1 million compared with $0.7 million for the same quarter in 2020 reflecting a 55.3% increase year over year. The significant increase was fueled by our commercial loan growth over the previous ...

  Publishers Note: This post appears here courtesy of the Carolina Journal. The author of this post is David N. Bass.     RALEIGH, NC     Lawmakers in the North Carolina House fast-tracked a bill today that would allow businesses that received Payroll Protection Program loans from the federal government to have any expenses the funds were used for deducted from state tax.     At the federal level, both PPP loan amounts and expenses are tax exempt. North Carolina is one of only three ...

Biden plan gives states money, but ties their hands By Jim Stergios - Contributing columnist For state governments, the good news is that the American Rescue Plan recently signed by President Joe Biden will inject $350 billion into their budgets. The bad news is that it places unwise and possibly unconstitutional limitations on how states can use the money. According to the Rescue Plan, as part of a new law or regulation, states and territories “shall not use the [federal] funds to either dir...

Top North Carolina House finance chair stripped of position By GARY D. ROBERTSONApril 20, 2021 GMT RALEIGH, N.C. (AP) — The current longest-serving member of the North Carolina House was stripped Tuesday of her chairmanship on the powerful House Finance Committee. Speaker Tim Moore removed 17-term Rep. Julia Howard from the tax-policy committee and placed her on Appropriations Committee, according to a document from the House Clerk’s Office initialed by Moore. Howard and Moore, both Republi...

  Cedar Rapids and its surrounding communities are used to facing — and overcoming — challenges. Property-damaging flooding has always been an issue there. In fact, according to the city of Cedar Rapids, historic flooding and tornadoes in 2008 cost the Federal Emergency Management Agency $848 million, the agencys sixth-largest declaration ever. Total property damage was estimated at $6 billion. "We feel as a community, if we can recover from the floods of 2008, we can meet any challenge," ...

Charter boat industry expects a busy season SOUTHWEST HARBOR—When the pandemic hit last spring, the charter boat and tour industry thought it was sunk.  “I thought, ‘This is it.’ This is the end of my business,” said Shane Ellis, who runs Ellis Boat Charters in Southwest Harbor.    As bookings dropped off the map as the season was just about to start, he wondered how he would survive and even pondered selling off some of the boats.   But things turned around the middle of t...