Tag: Pandemic

Ohio treasurer proposing $100 million in small business pandemic relief grants – News – The Columbus Dispatch

AKRON – Ohio’s treasurer wants the state to set aside $100 million in federal pandemic relief funds to provide grants to struggling small businesses hurt by the coronavirus.

The program needs to go through the General Assembly first, get approval by the DeWine administration and then be administered.

And the clock is ticking: The money, which would come from federal aid already given to the state, must be allocated and spent by Dec. 31.

Ohio Treasurer Robert Sprague came to Akron on Thursday to talk about the proposal. The Ohio Business Roundtable, Ohio Restaurant Association, Ohio Chamber of Commerce and others support its creation, he said.

Small businesses across Ohio have been impacted the most by the pandemic, Sprague said.

“As we’ve seen throughout the country, and here in Akron and throughout the state of Ohio, small businesses have been tremendously adversely impacted, whether you are talking about retail, restaurants,

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Automotive Power Window Motor Market – Post Pandemic Recovery Plan Strategies and Processes | Growing Adoption of Power Window System to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–The automotive power window motor market is expected to grow by USD 518.04 million during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.

Request challenges and opportunities influenced by COVID-19 pandemic – Request a Free Sample Report on COVID-19 Impacts

The growing consumer demand for safety and convenience has led to the introduction of various advanced automobile safety systems. Also, convenience features such as power windows which were only seen in premium vehicles are now provided in mid-level and entry-level vehicles. Furthermore, the penetration of power window systems is gaining traction in the commercial vehicle segment as well. All these factors fueling the growth of the global automotive power window motor

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Businesses look forward to Maryland Restaurant Week amid pandemic

Restaurants in Maryland will soon be allowed to increase indoor capacity.

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Gov. Larry Hogan announced Friday that starting at 5 p.m. on Monday, restaurants in Maryland will be allowed to increase capacity from 50% to 75%.

Hogan says there still has to be social distancing and the restaurants must follow strict health safety requirements.

Many owners 11 News spoke with say they are happy about the chance to get more business in, but still plan to take precautions to keep you safe.

Serving up their best dishes under abnormal circumstances as renovations are now underway inside of Golden West Cafe in Hampden, in preparation for a safer dining experience.

“So, automatic toilets, faucets, soap dispensers — so that is more COVID-friendly,” Golden West Cafe owner Samantha Claassen said.

But in the meantime,

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Downtown Raleigh business reopens, thrives during pandemic shutdown with digital sales :: WRAL.com

— Like so many businesses in downtown Raleigh, the Zen Succulent had to close its doors to consider all that’s going on in 2020.

On Friday, Adela Li, the lead shopkeep, welcomed customers into The Zen Succulent for the first time in months.

“It was COVID,” she said. “That was originally the reason why we closed our shops.”

She said they took a week or two to think about what to do next, and how they should move forward.

Then, the two-year old Raleigh location was also damaged during downtown protests.

“It’s like one of those mad scrambles of like, well, now you have to reevaluate how you run everything and like how you communicate to people,” she said.

The store turned to its online presence to help save the store.

At first, their e-commerce website traffic was very low.

“We had been

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Biden just unveiled a proposal to allow parents with kids under age 17 to receive up to $300 in monthly federal payments during the pandemic

Joe Biden wearing a suit and tie: Photo by Win McNamee/Getty Images

© Photo by Win McNamee/Getty Images
Photo by Win McNamee/Getty Images

  • Joe Biden rolled out a tax proposal to temporarily expand the child tax credit so it can better benefit families during the pandemic — and allow people to opt for monthly federal payments.
  • It would bump the annual tax credit to $3,000 for children under 17, plus an additional $600 for children under age 6.
  • Ernie Tedeschi, a policy economist at Evercore ISI, said the monthly payment element could strengthen families’ budgets, comparing it to a stimulus check ranging from $250 to $300 a month.
  • Visit Business Insider’s homepage for more stories.

Democratic presidential candidate Joe Biden rolled out a proposal on Thursday to allow families with children to receive a monthly federal payment of $250 to $300 during the pandemic.


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The plan is a temporary expansion of the existing child tax credit, which shrinks the cost

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With pandemic summer wrapping up, businesses brace for unusual fall – News – fosters.com

KENNEBUNKPORT — The Nonantum Resort traditionally closes for the season in the middle of December, once Prelude finishes with its annual holiday festivities in Kennebunkport.

But this year? The resort will close Oct. 25.

“I’ve been general manager here for 29 years, and we’ve always stayed open until December,” Tina Gordon-Hewitt said Wednesday.

Welcome to the hospitality industry in the age of the COVID-19 pandemic. That field and others are preparing for a fall season with fewer summer dollars at their backs. The reason: a decline in tourism amid ongoing concerns about a virus that has caused the deaths of nearly 200,000 Americans and sickened millions more.

Gordon-Hewitt gave two explanations why the Nonantum, located on Ocean Avenue, will close earlier than usual.

One reason is that the resort’s heating, ventilation and air-conditioning system needs expensive new filters at a time when the products needed for such an upgrade are

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Opinion: Stamford Innovation Week will show how a pandemic can transform business

For American businesses, the COVID-19 pandemic has been exceptionally difficult. To label it a game changer is an understatement.

With these unprecedented challenges businesses are being forced to be more creative, reactive, and of course innovative. Companies are turning to e-commerce, digital products and services, and virtual connections to continue doing business, all while remaining socially distant.

The instant shift from in-person, to a more digital space has mandated businesses to quickly adapt to the new norms and brainstorm new ways to keep people engaged.

To survive and thrive,

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Permanent Business Closures Spike Because Of Pandemic

Nearly 98,000 U.S. businesses have closed permanently in the six months from March 1 to Aug. 31, according to a running count kept by Yelp that relies on self-reporting by business owners, followed by a vetting by Yelp staff. That is 23% more than said so in mid-July.

An additional 65,000 businesses have closed temporarily, Yelp said.

Businesses set up as solo proprietors, especially in professional services, have withstood the coronavirus pandemic better than most, according to Yelp. On the other hand, restaurants and retail stores continue to suffer from high total closures nationwide.

As of Aug. 31, more than 32,000 restaurants reported themselves to Yelp as closed, with nearly 19,600 indicating that the closures were permanent. The kinds of restaurants with the highest closure totals were breakfast places, hamburger joints, sandwich shops and places specializing in desserts. 

By contrast, pizza places, delis, food trucks and bakeries reported lower numbers

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Pandemic Be Damned: Business Owners Are Still Opening Stores

Expanding a  brick-and-mortar business has always been tricky. If you build it, consumers might not come. But in a pandemic that has required countless consumer-facing companies–restaurants and bars, live entertainment venues, gyms, retailers–to shutter and retool, growth is actually kind of scary. 

“You’re not 100 percent sure [growing] is the right thing,” says Erik Allen Ford of Buck Mason, the Los Angeles-based menswear brand he co-founded with Sasha Koehn in 2013. Nevertheless, the company launched its 11th retail location in Austin, Texas in August. “You have to weigh the odds, and you have to figure out what the risk tolerance is.”

The risks right now are steep. In large part, consumers have taken their spending online, as the pandemic rages across the U.S. and amid new hotspots in several Midwestern states including North Dakota, Missouri, and Wisconsin. 

Businesses continue to reel as a result. As of the end of August,

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Enterprise Resource Planning Software Market | Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic

The global enterprise resource planning software market to register an incremental growth of USD 19.52 billion, witnessing a CAGR of almost 9% during 2020-2024, according to the latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the enterprise resource planning software market in optimistic, probable, and pessimistic forecast scenarios.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005037/en/

Technavio has announced its latest market research report titled Global Enterprise Resource Planning (ERP) Software Market 2020-2024 (Graphic: Business Wire)

Get detailed insights on COVID-19 pandemic Crisis and Recovery analysis of Enterprise Resource Planning Software market. Download free report sample

Amid the COVID-19 Crisis, the Revaluated and Updated Enterprise Resource Planning Software Market Report Says:

  • The enterprise resource planning software market will witness a Positive and Superior impact during the forecast period owing to the extensive rise of the COVID-19
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