Small Business
European countries had mechanisms in place to keep people attached to work during a crisis. In Canada, we had to reinvent the wheel.
FROM HUFFPOST CANADA
Entrepreneur Aurora James called on major companies to commit to buying 15% of their stock from Black-owned companies.
"I used to get excited when the phone rang because it almost always meant a new customer. Now I dread it because it means another client is calling to bid adieu."
Uranium mining company Ur-Energy has lost money for a decade because of a weak market — not because of the novel coronavirus.
WHAT'S HAPPENING
Texas-based Ashford Inc., headed by Monty Bennett, said it applied for the small business funds in "good faith."
The Small Business Administration is refusing to reveal how much money is left and who got funds, says senator suddenly concerned about lack of oversight.
The little-used policy is an alternative to layoffs and is available in most states.
Giving taxpayer money to a $4.4 billion franchise doesn't seem like aid to a small business.
The restaurant chain was harshly criticized for taking the money despite having other means of funding not available to mom and pop businesses.
Congress replenishes a small business loan program and adds funding for hospitals and coronavirus testing.