News from 2024
By Business Daily | Apr 11, 2024
WASHINGTON – In a statement released today by Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), it was revealed that an astonishing 17 million new business applications have been filed under the Biden-Harris Administration.Guzman emphasized the impact of President Biden's economic leadership, stating, “President Biden’s Investing in America Agenda has ignited a historic Small Business Boom, as more Americans than ever seek to start a business.” She highlighted the significance of each new business as "an act of hope and confidence...
By Business Daily | Apr 11, 2024
New York - Morgan Stanley has announced a significant financial commitment to its Alliance for Children’s Mental Health, with a total funding of $50 million since its inception in 2020. The latest pledge of $20 million over the next five years aims to bolster the Alliance's efforts in delivering programming, research, and innovative solutions to support children's mental health.The Alliance has expanded its reach by welcoming two new members, the American Academy of Pediatrics and Sesame Workshop, to collaborate on enhancing mental health support for children. Ted Pick,...
By Business Daily | Apr 11, 2024
The economic drivers of the U.S. property/casualty (P/C) insurance industry are showing promising growth, outpacing the nation's Gross Domestic Product (GDP) and poised to accelerate even more with potential Federal Reserve monetary rate cuts. According to Michel Léonard, chief economist and data scientist at the Insurance Information Institute (Triple-I), "Triple-I forecasts P&C underlying growth to increase to 3.4% in 2024, 1.2% above the Fed’s GDP forecast of 2.2%."Léonard further stated, "Triple-I expects P&C underlying growth to continue outperforming overall GDP...
By Business Daily | Apr 11, 2024
WASHINGTON – 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 33 million small businesses, announced the launch of the SBA’s new Investing in America Small Business Hub. This hub is described as the first and only digital portal of its kind providing industry-specific resources to help small businesses tap into opportunities under President Biden’s signature Investing in America (IIA) Agenda.Speaking about President Biden's economic agenda, Administrator...
By Business Daily | Apr 10, 2024
Nationwide, a company deeply rooted in agricultural history, has announced a significant achievement in its longstanding partnership with the Ohio Farm Bureau. The company has taken on the responsibility for Ohio Farm Bureau's defined benefit plan retirees through a pension risk transfer (PRT) transaction.According to Adam Sharp, the executive vice president of Ohio Farm Bureau, Nationwide's shared values with the organization and its track record of strength and stability made them the ideal choice for this partnership. Sharp stated, "Nationwide is a company with a deep...
By Business Daily | Apr 10, 2024
WASHINGTON – Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced the recognition of Argosy Private Equity of Wayne, Pa., and Mizzen Capital, LP of Stamford, Conn., as the 2024 Small Business Investment Companies (SBICs) of the Year. The awards ceremony will take place during National Small Business Week from April 28 to May 4.Guzman praised the awardees, stating, "Filling capital gaps is core to the SBA’s mission, and we rely on an incredible network of SBIC-licensed funds to help us deliver. I am proud to recognize two...
By Business Daily | Apr 9, 2024
Wesley vividly recalls the intense moment when a fire threatened his family's Montana farm in July 2022. Describing the swift action taken by his father-in-law, Wesley narrates, "Suddenly, my father-in-law saw flames in the field behind him. Without hesitation, he dumped the hay from the baler and turned the tractor around to fight the blaze."Amidst the chaos, the Enforcer 10 played a crucial role in extinguishing the fire. Wesley explains, "He rushed to the front of the tractor, activated the Enforcer 10, and within seconds, the fire on the baler was out." This...
By Business Daily | Apr 9, 2024
Nationwide's annual Wacky Pet Names campaign is in full swing, inviting pet owners to vote for the most creative and clever pet names among the recently enrolled pets. The voting period for the wackiest dog, cat, and exotic pet names is open from April 9 to April 12, 2024, at petinsurance.com/wackypetnames.Among the nominees for this year's wacky pet names are a diverse range of animals, including dogs, cats, a Macaw, guinea pig, snake, tortoise, mini pig, tegu lizard, ferrets, and rabbits. The winners in each category will be revealed on Wednesday, April 17, 2024.Some...
By Business Daily | Apr 8, 2024
SBA Administrator Isabel Casillas Guzman traveled to Memphis, Tennessee for a tour of American Paper Optics’ facility with business owner John Jerit and members of his leadership team. During the tour, Administrator Guzman learned how American Paper Optics used SBA resources to sustain operations during the pandemic, and how the business evolved into the largest manufacturer of paper 3D eyewear and solar eclipse viewing glasses in the world."The 2024 total solar eclipse is generating a spending surge nationwide, and small businesses are playing a large role in meeting...
By Business Daily | Apr 8, 2024
NEW YORK, April 8, 2024—U.S. insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm.Janet Ruiz, director of strategic communications at the Triple-I, highlighted that the number of dog bite and related injury claims in 2023 was 19,062, with a total cost of $1.12 billion. She emphasized the importance of education and training for owners and pets to ensure safety and health.State Farm, as the largest property insurer in the country, is dedicated to educating people on pet owner...
By Business Daily | Apr 5, 2024
SBA Administrator Isabel Casillas Guzman, along with other prominent leaders, visited Baltimore to address the economic impact of the Francis Scott Key Bridge collapse and highlight federal resources available to help affected businesses. Guzman, representing the U.S. Small Business Administration, emphasized the government's commitment to supporting small businesses during a challenging time.During a roundtable discussion with U.S. Senator Ben Cardin, Congressman Kweisi Mfume, Baltimore Mayor Brandon Scott, and County Executive Johnny Olszewski, Administrator Guzman met...
By Business Daily | Apr 5, 2024
Apr 5 2024Nationwide has released its 2023 Corporate Sustainability Report, emphasizing its dedication to sustainability across various aspects of its operations. The report showcases the company's progress in key areas such as Communities and Giving, Diversity, Equity and Inclusion, Environmental Sustainability, and Ethics and Governance.Mark Howard, Nationwide's Chief Legal Officer, expressed the company's commitment to its mission, stating, "Nationwide has evolved significantly over the decades, broadening solutions and services while remaining committed to its...
By Business Daily | Apr 5, 2024
Administrator Isabel Casillas Guzman of the U.S. Small Business Administration announced the winners of the 2024 National Small Business Week's government contracting awards. The honorees include Action Manufacturing Company, Knowledge Based Systems, Inc., and Cetechs. Guzman highlighted the importance of small businesses in federal contracting, stating, "The federal government relies on small businesses to deliver innovative and competitive products and services to support critical agency functions."Sean Gibbs, President/CEO of Action Manufacturing Company, was named...
By Business Daily | Apr 4, 2024
WASHINGTON, D.C. (April 4, 2024)—Despite ominous overseas news, a pop in domestic gasoline demand, and oil prices rising to the mid-$80s per barrel, the national average for a gallon of gas climbed just three pennies to $3.56 since last week.“Renewed Ukrainian attacks on Russia’s oil infrastructure and increasing tension in the Middle East spiked oil prices recently,” said Andrew Gross, AAA spokesperson. “And with the cost of oil accounting for roughly 60% of what we pay at the pump, there will likely be some upward pressure on prices.”For the complete report, including...
By Business Daily | Apr 4, 2024
Nationwide has been recognized on Fortune’s 100 Best Companies to Work For list for the tenth year in a row, securing the 21st spot in 2024. The annual list serves as a national benchmark for companies that excel in performance and provide exceptional employee experiences.Nationwide's CEO, Kirt Walker, attributes the company's continued success on the list to its inclusive culture, commitment to employee upskilling, and flexible work environment. Walker emphasized, "Our caring culture allows us to deliver on our mission, while also extending that care to the communities...
By Business Daily | Apr 4, 2024
AAA has announced the winners of the 2024 Car Guide, with electric vehicles dominating the rankings. Megan McKernan, the Automotive Research Center manager at AAA, highlighted the popularity of SUVs among consumers, stating, “SUVs are a popular choice since they are a great option for families and offer loads of additional compartments for storage.”The 2023 Mercedes-Benz EQS 580 4MATIC SUV emerged as the overall top scorer, best large SUV, and best car over $60k. McKernan praised the Mercedes-Benz for its comfortable ride, quiet cabin, and excellent headlight coverage....
By Business Daily | Apr 4, 2024
Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) recently acknowledged the 2024 Phoenix Award winners for their exceptional disaster recovery efforts. Guzman emphasized the importance of supporting small businesses and communities in times of crisis, expressing the Biden-Harris Administration's commitment to their success.Among this year's recipients is Jacqueline Bernetta Tate Smith, the owner of The Coffee Shoppe in Selma, Alabama. Smith's resilience and determination following destructive tornadoes earned her the Phoenix Award for...
By Business Daily | Apr 4, 2024
ST. JOHNS, Fla., April 4, 2024 -- A very active tropical cyclone season is projected for 2024 in the Atlantic basin, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science.Led by senior research scientist Phil Klotzbach, Ph.D., also a non-resident scholar at the Insurance Information Institute (Triple-I), the CSU Tropical Meteorology Project forecasts 23 named storms, 11 hurricanes and five major hurricanes during the 2024 season, which starts on June 1 and continues through Nov. 30. A typical Atlantic season has 14...
By Business Daily | Apr 3, 2024
Sean Thompson, Vice President of Information Technology at the fast-casual franchise Freddy's Frozen Custard & Steakburgers, praised the AI application Olive as a valuable tool for managing restaurant operations. He stated that Olive offers the "best solution" in navigating "the chaos" of such tasks. Thompson made this statement to Business Daily on March 21.
By Illinois Business Daily | Apr 3, 2024
An investment group led by Chicago media entrepreneur Brian Timpone has purchased a St. Louis-based legal news publisher, Judiciocracy LLC.