News from September 2024
By Business Daily | Sep 25, 2024
The U.S. Small Business Administration (SBA) has announced the winners of the 2024 Growth Accelerator Fund Competition (GAFC) Stage Two. Administrator Isabel Casillas Guzman, head of the SBA and a member of President Biden’s Cabinet, revealed that 44 accelerator partnerships have received awards ranging from $50,000 to $150,000 each. These funds aim to support small businesses and startups in STEM and research and development across key areas such as national and economic security, domestic manufacturing and production, sustainability, and biotechnology.
By R. B. Pepalis | Sep 25, 2024
Uber has announced an expansion of its partnership with Waymo to offer Waymo's autonomous ride-hailing services in Austin and Atlanta through the Uber app. The service is set to launch in early 2025.
By A. I. Benavidez | Sep 24, 2024
Uber announced an expanded partnership with Metrolink to provide more transportation options and access to low income riders and those on less frequented routes. Metrolink's Uber Voucher program offers an immediate response during service interruptions.
By A. D. Bamburg | Sep 24, 2024
Data released by State Farm indicates that the odds of U.S. drivers hitting an animal this year are 1 in 128, a slight decrease from last year's 1 in 127. State Farm, the largest car insurer in the U.S., estimates over 1.8 million auto insurance claims involving animal collisions were filed across the industry from July 1, 2023, to June 30, 2024.
By Business Daily | Sep 24, 2024
Residents in Florida, Georgia, and the Carolinas are urged to finalize their preparations as Hurricane Helene approaches. The Insurance Information Institute (Triple-I) reports that the hurricane is expected to make landfall along Florida’s Gulf Coast on Thursday, September 26.
By Business Daily | Sep 23, 2024
The U.S. Small Business Administration (SBA) announced it will cohost two events this fall in Washington, D.C., and Florida as part of the 2024 National ChallengeHER road tour. The initiative, organized alongside Women Impacting Public Policy (WIPP) and American Express (AMEX), aims to bring more women-owned firms into the federal government’s supply chain.
By Business Daily | Sep 23, 2024
Excess and surplus lines (E&S) have experienced growth for five consecutive years, marked by double-digit percentage increases. This trend is attributed to solid underwriting results driving operating profitability due to new risks and reduced capacity in admitted markets. These insights are part of the Insurance Information Institute’s (Triple-I) latest issues brief, "Excess and Surplus: State of the Risk."
By J. D. Suayan | Sep 21, 2024
Shenetra Moses, the General Manager of Amazon's Romeoville Center, has found her calling in developing diverse leadership pipelines within the tech giant. Moses is now focused on creating opportunities for underrepresented groups in STEM at Amazon.
By Business Daily | Sep 20, 2024
This month, 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, is encouraging small businesses to take proactive steps to safeguard their operations from potential natural disasters. This year’s theme is “Prepare Now, Recover Faster.”
By Business Daily | Sep 20, 2024
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, announced today that three new recipients will receive $3 million in funding through the SBA’s Cybersecurity for Small Business Pilot Program. The grantees for fiscal years 2024 through 2026 are Dakota State University, Eastern Washington University, and the University of Texas at San Antonio. These institutions will assist small businesses in enhancing their cybersecurity infrastructure and mitigating cyber threats.
By M. N. Tirado | Sep 20, 2024
Amazon has announced an incremental investment of over $2.1 billion in its Delivery Service Partner (DSP) program, focusing on safety, training, and support for entrepreneurs. This brings total investments in the program to $12.3 billion over the past six years.
By J. D. Suayan | Sep 19, 2024
In the wake of the 2023 Maui Wildfires, State Farm has been actively involved in aiding recovery efforts for affected policyholders and the broader community. The wildfires, which began on August 8, 2023, caused significant damage across Maui, including the historic town of Lahaina. According to NBC News, over 2,200 buildings were damaged, more than 2,000 acres of land were affected, and 102 lives were lost.
By A. A. Sanchez | Sep 19, 2024
The national average for a gallon of gas dipped by two cents since last week to $3.22, according to data released on September 19, 2024. This decrease follows a period of more significant declines but was slowed by the arrival of Hurricane Francine on the Gulf Coast, which temporarily affected oil production and refining in the area. In contrast, the national average cost for public EV charging remained unchanged.
By Business Daily | Sep 19, 2024
Ava Dejoie Cates selected as regional administrator for SBA Region 6
By Business Daily | Sep 17, 2024
Shalabh Gupta has always been a man of vision.
By A. A. Sanchez | Sep 17, 2024
Amazon sponsored an "Experience the Magic of a Wish" event at a September 14 Run/Walk event in Alexandria as an effort to raise money and awareness for the Make-A-Wish organization.
By R. B. Pepalis | Sep 17, 2024
Caitlin Tully, spokesperson for Amazon, said the organization is excited about the recent two grand re-openings of Amazon Fresh grocery locations in the Naperville area.
By Business Daily | Sep 17, 2024
Global investment firm Carlyle (NASDAQ: CG) announced an agreement to purchase up to $300 million of equity sharing home loans from Unison, a pioneer in equity sharing agreements. Carlyle also made a strategic investment into Unison, facilitating the launch of the Unison Equity Sharing Home Loan product, which allows homeowners to access their growing pool of home equity.
By Business Daily | Sep 16, 2024
Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) and Federal Trade Commission (FTC) Chair Lina Khan convened to discuss strategies for enhancing small business competitiveness. The discussion, held in Washington, aimed at ensuring equitable market opportunities for small businesses under the Biden-Harris Administration.
By Business Daily | Sep 16, 2024
Global investment firm Carlyle (NASDAQ: CG) announced a strategic partnership with North Bridge ESG LLC ("North Bridge") to provide up to $1 billion for the origination of commercial property assessed clean energy (C-PACE) loans. This collaboration aims to leverage Carlyle's expertise in strategic growth, real estate, and asset-backed finance to enable North Bridge to meet evolving market demands on a larger scale.