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Restaurants Brace For Federal Aid To Run Dry Before They Get Help


Restaurants Brace For Federal Aid To Run Dry Before They Get Help
The American Rescue Plan s lifeline for restaurants has been inundated with applications, and restaurants worry they won t get more help.
MILWAUKEE, Wis. The American Rescue Plan included a $28.6 billion lifeline for restaurants, but business owners are already worried the money will run out before they get any aid.
Bounce Milwaukee is one of those businesses. In 2014, Becky Cooper-Clancy opened a party space with laser tag, rock climbing, ax throwing, arcades, bounce houses and a restaurant and bar. Think Chuck E. Cheese, but locally owned, with a community justice mission and fun for kids and adults alike. ....

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Joel Greenberg, ally of Matt Gaetz, hit with new charges


Joel Greenberg, ally of Matt Gaetz, hit with new charges
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A fresh indictment was filed on Wednesday against Joel Greenberg, an ally of Rep. Matt Gaetz who has been in the news in connection to sex trafficking allegations that possibly involve the congressman, who is now accused of pocketing over $400,000 while he served as a tax collector in Seminole County, Florida.
In total, Greenberg, 36, is facing 21 new charges, in addition to the 12 already lodged against him, with prosecutors saying he diverted $432,700 in taxpayer funds to purchase cryptocurrency and signed sports memorabilia from NBA superstars Kobe Bryant and Michael Jordan, according to ....

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Federal support has shored up nonprofits during the coronavirus pandemic, but many groups are still struggling


Even so, almost 50% of nonprofits providing social services, such as food banks and shelters for people experiencing homelessness, still had to scale back their work and cut staff because of inadequate funding. Almost 80% of arts and culture groups, including everything from big museums to small schools that teach children to speak Mongolian, faced the same problems. Also, about 15% of the nonprofits eligible for PPP loans either didn’t apply or were denied loans they sought.
These are among our latest findings from an ongoing national survey of nonprofits we’re conducting. As scholars of nonprofits, we aim to understand the impact of COVID-19 on the sector as a whole, and get a stronger understanding of how these organizations can become more resilient, better run and more effective in serving their communities. ....

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COVID-19 Relief Bill Provides Funding to Small Businesses and Individuals | Robins Kaplan LLP


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On Monday, December 21, 2020, Congress passed a $900 billion COVID-19 relief bill known as the Coronavirus Response and Relief Supplemental Appropriations Act (the “Bill”) after months of intense negotiations. The 5,593-page legislation by far the longest bill in history is now on its way to the White House for President Donald Trump’s signature and approval. This alert identifies two key aspects of the Bill: aid for small businesses and individual benefits.
Aid for Small Businesses
The Bill provides $284 billion to the U.S. Small Business Association (“SBA”) for both first and second Paycheck Protection Program (“PPP”) forgivable small business loans. It also allocates $20 billion to provide Economic Injury Disaster Loan (“EIDL”) Grants to businesses in low-income communities. ....

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