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Capitol News Illinois
SPRINGFIELD â Gov. J.B. Pritzker announced a low-interest loan program Tuesday to help alleviate the unprecedented financial burden from soaring utility costs for certain Illinois municipalities and their residents.
The extreme weather that devastated Texasâ electrical grid last week has resulted in skyrocketing natural gas prices in Illinois directly linked to frozen natural gas wells in Texas and Oklahoma.
âTo put the severity of this crisis in perspective, the egregious level of natural gas prices would be similar to a gallon of gasoline rising from the current $2.89 per gallon to $289 per gallon,â said Heather Viele, general manager of the Interstate Municipal Gas Agency.
Hennessey Consulting: Revenued Simplifies PPP Loan Application Process
JERSEY CITY, NJ / ACCESSWIRE / February 24, 2021 / Revenued is a pioneering small business financing company that so far has over 30,000 second-round Paycheck Protection Program (PPP) loans approved by the SBA. The firm recently conducted an informal survey to help it better understand and improve the PPP application process.
After contacting more than 200 business owners who have begun but not yet completed a full application, they discovered that:
40% didn t have the required documentation or were confused as to what was needed.
33% applied with another lender.
22% didn t think they would be eligible for PPP funding.
17% thought they lacked time to complete the application.
Sen. Hawley to introduce blue-collar pay raise bill
Blue-collar bonus proposal By Marsha Heller | February 24, 2021 at 10:30 AM CST - Updated February 24 at 6:19 PM
WASHINGTON, D.C. (KFVS) - U.S. Senator Josh Hawley (R-Mo.) announced he will be introducing a new bill to give blue-collar workers a pay raise on Wednesday, February 24.
The measure, the âBlue-Collar Bonus Tax Credit,â would give workers a bonus four times a year through an automatic, advanceable tax credit based on hours worked and median pay formula.
In a released statement, Sen. Hawley said the following is how the formula would work:
Credit Amount The credit is worth 50 percent of the difference between the median wage and the workerâs hourly wage rate. In other words, the credit would boost per hour wages 50 percent closer to the median. The median wage is set at $16.50 per hour and will be indexed to inflation. The credit is allowed for a maximum of 40 hours per week and phases out at the m
Crescent Point’s total average selling price in the quarter ended Dec. 31 rose to $43.76 per barrel of oil equivalent from $41.89 in the previous quarter