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/PRNewswire/ Ponderay Industries, LLC is moving forward with plans for a restart of its papermill located in Usk, Washington and has announced it is in.
USK, Wash. – The old Ponderay Newsprint Company is now home to thousands of cryptocurrency mines. Merkle Standard says it wants to make money for the region and bring back
Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY
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Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast.
During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $10-million loan didn’t last long.
Within two months, Stein Mart filed for Chapter 11 bankruptcy protection, citing more than $500 million in liabilities. The company closed all 280 stores and 9,000 workers lost their jobs.
Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY
Replay Video UP NEXT
Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast.
During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $10-million loan didn’t last long.
Within two months, Stein Mart filed for Chapter 11 bankruptcy protection, citing more than $500 million in liabilities. The company closed all 280 stores and 9,000 workers lost their jobs.