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The Biden Administration
announced further changes to the Payroll Protection Program (PPP). These changes are aimed at increasing lending to small business and independent contractors, removing barriers to borrowing, enhancing transparency, reducing fraud, and increasing the program’s engagement with other would-be borrowers.
Beginning this Wednesday, February 24, only businesses with fewer 20 employees can apply for PPP loans (first and second draw) for a period of 14 days (until March 10) to increase access by the smallest businesses.
The Administration also announced that it will implement a revised loan-calculation formula to allow sole proprietors, independent contractors, and self-employed individuals to access higher loan amounts. As of this writing, new regulations haven’t been issued with the new formulas.
The Philadelphia 76ers announced today that the team has selected two Black-owned businesses in the Philadelphia area for the 76ers Buy Black Program. SPERGO is a Philadelphia-based designer apparel brand started by 15-year-old Trey Brown, while Girl Contracting, Inc.
Outlook 2021: After early pandemic glitches, Frank Adams Jewelers evolves, emerges even stronger | The Daily Gazette
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By Caroline Lee |
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The customer had been planning for months to give his wife a special gift for her retirement, but it was during lockdown and Frank Adams Jewelers was closed. The custom ring was coming from Italy, deliveries were delayed and the Roberto Coin factory had closed.
So Kimberly Adams Russell made do: From her home, she presented the sample ring from the store to the wife during a video call on the night of the retirement.
“We never thought to do that before,” said the President and COO of Frank Adams Jewelers.
In a prerecorded address, Gov. Janet Mills praises Mainers for their perseverance during the pandemic and outlines the priorities of her 2-year budget proposal.