Business Funding

$ 10.5 million grant program approved for recovery from tropical storms Henri and Ida

Provide grants of up to $ 5,000 to storm-affected businesses / nonprofits with up to 50 full-time equivalent employees September 8, 2021 The New Jersey Economic Development Authority (NJEDA) announced the approval of the Henri / Ida Business Assistance Grant program at a special meeting of its board of directors. The $ 10.5 million program will provide grants of $ ...

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San Antonio lawyer used investment funds as a “piggy bank” to pay for personal and business expenses

Federal securities regulators have accused a San Antonio lawyer and investment advisor of using money collected from investors as his own “piggy bank” to pay for his personal expenses and those of his businesses, including a pinball machine manufacturer. Securities and Exchange Commission Alleges Robert Jeffrey Mueller Spent Over $ 1.5 Million in Investor Money to Pay for Second and ...

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Three Argonne projects receive DOE funding | Business | August 2021

LEMONT, Illinois, August 25, 2021 – Three Argonne National Laboratory projects have received funding from the U.S. Department of Energy to lay the groundwork for breakthroughs in quantum information science. The awards are part of a $ 61 million investment in quantum science and engineering. QUEEN-M Using resources from the Center for Nanoscale Materials (CNM) in Argonne, a team of ...

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Senators question funding for AI-powered policing technology

ShotSpotter technologies at a Strategic Decision Support Center at the 11th District Headquarters of the Chicago Police Department on February 8, 2017. Erin Hooley / Chicago Tribune via AP, FILE CHICAGO (AP) – A Democratic senator has said the US Department of Justice must determine whether the algorithmic-based police technologies it funds contribute to racial bias in law enforcement and ...

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Hawaii paycheck protection fraud case is a snapshot of widespread abuse

It will be many years before government officials know the extent of federal pandemic assistance poorly obtained by businesses in Hawaii and across the country. This is the expectation shared recently by a regulator overseeing the integrity of US Small Business Administration financial assistance to businesses affected by COVID-19, including the Paycheck Protection Program and grants for businesses in the ...

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US House Democrats seek at least $ 160 billion in new funding for electric vehicles

An Ionity electric vehicle charging station is pictured near Dresden, Germany on August 27, 2019. REUTERS / Annegret Hilse WASHINGTON, Aug.11 (Reuters) – A group of 29 House Democrats in the United States want congressional leaders to include at least $ 160 billion in additional funding for electric vehicles as part of a spending measure of 3.5 trillion dollars, according ...

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EIDL funds approved for non-qualifying businesses in adult entertainment, gambling – Boston 25 News

WASHINGTON – A monitoring report calls for improvements to one of the government’s pandemic relief programs aimed at helping small businesses after results showed millions of dollars were approved for potentially ineligible companies. The U.S. Government Accountability Office (GAO) report states that the Small Business Administration (SBA) has made approximately 5,000 advances through the Economic Injury Disaster Loan (EIDL) program ...

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Hotels say management company withheld files, jeopardizing COVID-19 relief funds

As the aggressive delta variant of the COVID-19 pandemic wreaks havoc, lawsuits filed by hotel properties in three states should serve as a wake-up call for all hotel owners who hire a management company. Lawsuits in Florida, Georgia and Alabama allege that a management company failed to fulfill its legal obligations to hotel properties, including refusing to hand over all ...

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Stage 2 Capital launches $ 80 million Fund II targeting B2B software startups – TechCrunch

Boston go-to-market venture capital firm Stage 2 capital launches its second fund with the intention of investing $ 80 million in B2B software companies. The firm’s approach combines venture capital expertise with a diverse community of over 250 sponsors and marketing experts who work with portfolio companies to accelerate revenue growth. Firm co-founders Jay Po, former investor at Bessemer Venture ...

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