News published on Business Daily in July 2024

News from July 2024


Enclave, a suburban coworking space organization, announced the opening of a new location in downtown Skokie, Illinois in September.

Administrator Guzman Announces Transformation of Customer Experience for Federal Contracting Certifications

Sarah Rhoads, Vice President of Workplace Safety at Amazon, stated that the company aims to set the "global standard" for workplace safety and maintain a safe environment for its employees. Rhoads made this statement in a blog post published by Amazon on January 23.

The U.S. Small Business Administration (SBA) announced lender fees for the fiscal year 2025 for its 7(a) and 504 loan programs. Administrator Isabel Casillas Guzman, head of the SBA and a member of President Biden’s Cabinet, stated that for the second consecutive year, the SBA will not charge upfront fees for loans of $1,000,000 or less under both programs.

Six hotels and two restaurants have recently been awarded the prestigious AAA Four Diamond designation. This recognition is given to properties that offer upscale amenities and distinctive fine dining experiences. AAA Inspectors conduct unannounced visits to hotels and restaurants across North America, the Caribbean, and Costa Rica throughout the year to objectively assess the 4 Cs of AAA Diamonds: Cleanliness, Comfort, Cuisine, and Consistency.

Morgan Stanley at Work has introduced a new pre-login digital website experience aimed at benefits participants, emphasizing benefits education. This initiative addresses the sentiment of 85% of employees and 96% of HR leaders who believe companies should better assist employees in maximizing their benefits.

Members of Local 1102 attended a citizenship clinic at Flying Food Group JFK. The announcement came in a union news release issued on July 19.

Jody Shackelford, an Arkansas-based attorney, filed a lawsuit on July 17 against the national personal injury law firm Morgan & Morgan, alleging that the law firm’s advertising campaigns constitute "unfair trade practices."

Investment funds managed by Morgan Stanley Capital Partners (MSCP), the middle-market focused private equity team at Morgan Stanley Investment Management, have acquired American Restoration, a provider of residential and commercial property mitigation and restoration services. MSCP is partnering with the current management team led by CEO Dan Tarantin, who will continue to lead the business.

The national average for a gallon of gas has seen a marginal increase, rising by two cents to $3.52 since last week. The average price has remained around $3.50 per gallon since June 26.

Amazon announced that Prime Day 2024 was the largest in its history, achieving record sales and surpassing the number of items sold in any previous Prime Day. The 48-hour global shopping event set new benchmarks for the company's annual sales event.

BOSTON – On Monday, July 22, 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 33 million small businesses, traveled to Boston alongside U.S. Senator Ed Markey, member of the Senate Committee on Small Business and Entrepreneurship, to highlight the impact of Inflation Reduction Act investments in community energy projects and to introduce a new SBA initiative to attract additional private capital to support small business investments in the clean energy transition.

Attorney Jody Shackelford is suing the national personal injury firm Morgan & Morgan, alleging that the firm is violating the Federal Communications Commission’s (FCC) rules prohibiting unfair and deceptive advertising.

The Biden-Harris Administration has announced the launch of a new Green Lender Initiative aimed at enrolling additional climate lenders in the U.S. Small Business Administration’s (SBA) loan programs. The initiative, unveiled by SBA Administrator Isabel Casillas Guzman, seeks to leverage SBA loan guarantees to attract private capital for clean energy investments, aligning with President Biden's Inflation Reduction Act.

The Goldman Sachs Group, Inc. (NYSE: GS) announced on July 22, 2024, that Bryon Lake will join the firm as Chief Transformation Officer for the Client Solutions Group within Goldman Sachs Asset Management. Lake will be based in New York and joins as a partner.

Amazon has reported that it is utilizing technology, amenities, and preventative measures to protect its employees from summertime heat. The company emphasized that safety is its top priority.

In an era when artificial intelligence (AI) is rewriting the technology conversation, the trailblazers who embraced this cutting-edge innovation more than a decade before its ubiquity are continuing to “evolve and impact the AI landscape.”

The U.S. Small Business Administration (SBA) has announced a new funding opportunity for Native American-owned small businesses under the pilot Native American Trade Expansion Program (NATEP). The program, introduced by Administrator Isabel Casillas Guzman, aims to provide up to $240,000 in grants to support the expansion of exporting opportunities for these businesses. Proposals must be submitted by July 31, no later than 11:59 p.m. EDT.

The U.S. Bureau of Labor Statistics announced that in June, the Consumer Price Index (CPI) for Atlanta-Sandy Springs-Roswell increased by 0.7 percent due to a rise in the electricity index. Over the past year, the CPI-U increased by 2.6 percent, with the food index rising by 2.2 percent and the energy index by 3.9 percent.

Enclave, a suburban coworking space organization, announced the opening of a new location in Elmhurst, Illinois later this summer.