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House approves relief funding, will reach Central Coast

On Thursday, the U.S. House of Representatives voted to approve small business relief bill that will send funds to local businesses on the Central Coast. ....

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Fed Study: the Pandemic Closed 200,000 Extra US Businesses

Spencer Platt/Getty Images
A Fed survey found that 200,000 extra US businesses have permanently closed in the past year.
That s on top of the estimated 600,000 businesses that close in a given year.
Small businesses were not hit as hard as expected, which could be because of government aid.
In recent years,
Federal Reserve
economists have estimated that 600,000 US businesses have permanently closed each year. But a Fed study released on Thursday found that the pandemic has resulted in an additional 200,000 permanent closures of businesses over prepandemic levels or about a quarter to a third above normal.
Individual companies account for about two-thirds of the closures, while personal service providers, like hair and nail salons, were the hardest hit, accounting for 100,000 permanent closures between March 2020 and February 2021. ....

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House votes to extend the Paycheck Protection Program by 2 months

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Rep. Blaine Luetkemeyer (R-MO).
The House voted to extend the Paycheck Protection Program through May 31.
The bill also allows the Small Business Administration to process loan applications through June 30.
The 415-3 bipartisan vote may ensure small businesses won t experience a lapse in needed aid.
To continue providing aid to small businesses recovering from the pandemic, the House voted on Tuesday to extend the Paycheck Protection Program (PPP) by two months, ahead of its expiration on March 31.
The bill to extend the PPP had been introduced on March 11 by Small Business Committee Chair Nydia Velàzquez, Ranking Member Blaine Luetkemeyer, Rep. Carolyn Bourdeaux of Georgia, and Rep. Young Kim of California. Less than a week later, the House overwhelmingly voted by 415-3 to extend the program through May 31 ....

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The ultimate guide to buying real estate for your business

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One of the biggest long-term investments you can make in your business is to buy property.
Insider interviewed experts and compiled seven things to keep in mind before settling on a place.
From finding properties to securing funding, here is a guide for businesses looking to buy in 2021.
When the pandemic hit the US, Christina Stembel calculated that her flower-delivery business had eight weeks of runway, even after it furloughed all but six of her 197 employees.
Everything I built in the last decade of my life could be taken away, said Stembel, who founded Farmgirl Flowers, a San Francisco Bay Area bouquet startup, in 2010. I didn t mismanage money or make a mistake. It was just out of my control. ....

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Democrats propose $50 billion in small business aid in stimulus package

Bill Clark / Contributor
The House Small Businesses Committee proposed $50 billion in stimulus aid for small businesses.
The bill includes $25 billion for restaurants, an additional $7.25 billion for the Paycheck Protection Program, and an additional $15 billion for Economic Injury Disaster Loans.
82% of Americans say they view small businesses aid as the most important part of any economic relief package.
The House Committee on Small Business unveiled its draft stimulus bill on Sunday, which includes $25 billion in restaurant aid and an additional $7.25 million allocated toward the Paycheck Protection Program.
House committees are in the midst of marking-up components of proposed stimulus provisions to be included in the final aid package, likely to be voted on at the end of February. ....

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