News published on Business Daily in August 2024

News from August 2024


DES MOINES - On Friday, August 23, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, will travel to Iowa to meet with disaster survivors and local leaders following devastating tornadoes earlier this year and assess SBA recovery efforts on the ground.

Nerdy Nonprofit offers assistance to organizations looking to benefit from the Google Ad Grants program.

Amazon announced that Oktay Ince, a STEM teacher at Horizon Science Academy Columbus High School, has been selected as one of 50 educators nationwide for the Amazon Future Engineer Teacher Ambassador Program. This competitive two-year, paid fellowship highlights Ince's achievements in STEM education.

Amica Mutual Insurance Company Joins Triple-I as Its Latest Member

Global investment firm Carlyle (NASDAQ: CG) has announced an agreement to invest in SEIDOR, a leading technology services and solutions consultancy. The financial terms of the transaction were not disclosed.

Amazon announced that the Progressive Policy Institute ranked the company as the leading Investment Hero. The ranking was awarded to Amazon due to its record on investing more in the United States—including Kentucky—than any other American company.

McKinsey & Company’s recently released Global Private Markets Review reveals that private markets slowed in 2023. The report points to macroeconomic headwinds, an increase in financing costs, and uncertainty in the growth outlook as contributors, which affects fundraising, deal activity, and performance.

Management consulting firm Bain & Company has released its "Searching for Momentum: Private Equity Midyear Report 2024." The report reveals that private equity continued to decline during the first half of 2024, with few signs of momentum.

A BNY Mellon white paper explores the retailization of alternatives in major markets. It also highlights possible solutions to allow retail investors to take advantage of alternative investments.

Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, has opened nominations for the 2025 National Small Business Week (NSBW) Awards. For over 60 years, the SBA has supported small businesses in America, and the annual NSBW awards recognize exemplary achievements, contributions, and resilience of SBA-assisted individuals and businesses that drive the American economy.

Although summer is nearly halfway done, there are still many sultry days ahead for Amazon workers. The company highlighted in a "Working At Amazon" feature how it keeps employees cool using comprehensive planning and mitigation measures.

Clipboard and binder company Carstens devoted much of its business to hospitals for 130 years, but then the Affordable Care Act mandated that the healthcare industry transition to electronic records. Instead of going under, the Chicago-based business turned to Amazon.

Amazon is seeking a solutions architect for its Amazon Web Services (AWS) unit in Cincinnati. In this role, a technologist will partner with global automotive and manufacturing companies to develop cloud architectures that address customer business problems and catalyze the adoption of AWS services.

WASHINGTON, DC (Aug. 19, 2024) – This year’s record-breaking summer travel season concludes with many Americans exploring Alaska by cruise. According to AAA booking data, Seattle is the number one Labor Day weekend destination, up nearly 30% from last year when it also topped the list. Anchorage and Juneau are also among the top ten Labor Day destinations.

Amazon is seeking a senior real estate transaction manager for its Worldwide Retail Growth and Development (WWRGD) unit. The position is available in several major U.S. cities, including Chicago.

Enclave Coworking has announced a free coworking day for locals at their Skokie location.

The coffee company announced that Brian Niccol will assume the roles of chairman and CEO at Starbucks beginning September 9. In the interim, Rachel Ruggeri will step in as acting CEO. Starbucks also plans to have Mellody Hobson shift from her role as board chair to the lead independent director.

The Chicago Football Classic (CFC) hosted a press conference at Amazon's Regional Office to announce its 2024 Scholarship Fund recipients and celebrate the event's 26th anniversary.

A report from Amazon announced that over 15,000 independent sellers across Illinois made an average of $250,000 worth of sales annually.

NEW DELHI – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced a new memorandum of understanding (MOU) between the SBA and the Republic of India’s Ministry of Micro, Small and Medium Enterprises (MSMEs) to strengthen the two countries’ joint work to promote MSME participation in the global marketplace. The agreement, signed by Administrator Guzman and the Indian Ministry for MSMEs in New Delhi on August 13, is the SBA’s first...