Email Submit
Mashantucket Christopher & Banks Corp., a Minneapolis-based specialty women’s apparel retailer, announced Thursday it has filed for Chapter 11 bankruptcy and will close many of its stores nationwide, including one in the Tanger Outlets at Foxwoods Resort Casino and two others in Connecticut.
“The company expects to close a significant portion, if not all, of its brick-and-mortar stores and, in connection therewith, the Company has launched a store closing and liquidation process,” the company said in a news release. “The Company, however, will continue to operate its business in the ordinary course in the near term, and . is in active discussion with potential buyers for the sale of its ecommerce platform and related assets .”
Published January 14. 2021 10:00PM
By STEVE LeBLANC, Associated Press
BOSTON Massachusetts is highlighting efforts to help small businesses survive the economic turmoil they have suffered because of the coronavirus pandemic.
This week, nearly 1,600 businesses received grants totaling $78.6 million through a state COVID-19 business grant program. It’s the third round of grants to be awarded since Dec. 21, Gov. Charlie Baker said at a news conference Thursday.
So far, the administration has awarded close to $195 million in direct financial support to more than 4,100 small businesses out of a $668 million fund set up to support small businesses across the state.
The help is targeted at businesses hit hardest by the pandemic, including restaurants, small retailers, and indoor entertainment venues, Baker said.
Norwich The City Council will vote Tuesday to rescind authority given to the Norwich Community Development Corp. to administer a $219,569 COVID-19 business relief grant as the agency undergoes a leadership transition following the sudden death of former President Jason Vincent.
Vincent, 46, died in an apparent suicide, his vehicle found late on Dec. 30 at the center of the giant New River Gorge Bridge in West Virginia and his body discovered at a dam five miles downstream Jan. 4.
City and NCDC officials cited NCDC’s shorthandedness during the transition for rescinding authority given to the city s economic development agency to oversee the grant. Mayor Peter Nystrom added that removing control of the grant from NCDC also would avoid potential conflicts of interest if businesses that lease space in NCDC s Foundry 66 shared workspace or that have other ties to NCDC wanted to apply for the grants.