Latest News from Business Daily

SBA urges support for local businesses on Small Business Saturday

By Business Daily | Nov 14, 2024

The U.S. Small Business Administration (SBA) is urging Americans to support local small businesses on Small Business Saturday, an event founded by American Express that celebrates its 15th anniversary in 2024.

SBA hosts annual summit to boost innovation through collaboration

By Business Daily | Nov 13, 2024

The U.S. Small Business Administration (SBA) will host the 2024 Innovation Ecosystem Summit on November 14 and 15.

SBA's surety bond program achieves record success in fiscal year 2024

By Business Daily | Nov 5, 2024

The U.S. Small Business Administration (SBA) has reported a significant achievement for its Surety Bond Guarantee (SBG) Program, marking its most successful year in 25 years during fiscal year 2024.

SBA announces record certifications; unveils streamlined process for FY25

By Business Daily | Nov 4, 2024

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced a record number of federal contracting certifications for fiscal year 2024.

SBA highlights progress in supporting native small businesses during heritage month

By Business Daily | Nov 4, 2024

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) marked the beginning of Native American Heritage Month by emphasizing the significant progress made in supporting Native small business owners nationwide.

Amazon VP: 'Our front-line team will be getting at least an additional $1.50 per hour starting this month'

By K. R. Nelson | Nov 1, 2024

Amazon is investing $2.2 billion to boost hourly wages and benefits for U.S. employees, raising the average base wage to over $22 per hour. Udit Madan, Amazon's vice president of worldwide operations, noted that Amazon conducts annual reviews of wages and benefits to keep them competitive within the industry.

SBA announces National Veterans Small Business Week events across U.S

By Business Daily | Nov 1, 2024

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced the celebration of National Veterans Small Business Week (NVSBW), scheduled for November 11-15.

Amazon VP: Average full-time employees wll receive 'a raise of more than $3,000 a year'

By K. R. Nelson | Oct 31, 2024

Amazon has announced a $2.2 billion investment to increase wages and expand benefits for its hourly employees across the U.S., including those in the Northern Kentucky area.

Trump election victory could increase Bitcoin value, says new analysis

By K. R. Nelson | Oct 31, 2024

An analysis by Polymarket charting Bitcoin’s ($BTC) price against former President Donald Trump’s election odds announced a potential surge in Bitcoin’s value in the event of a Trump victory.

Former Starbucks manager: 'The culture of quality, consistency, and customer focus doesn’t exist anymore'

By A. A. Sanchez | Oct 31, 2024

Starbucks Corp. faces growing challenges following a recent stock downgrade, as analysts question the company's ability to navigate ongoing legal battles and operational pressures. The downgrade comes amid recent leadership changes and heightened scrutiny from activist investors, all of which cast uncertainty on Starbucks’ short-term recovery.

Amazon VP: Company to invest 'more than $2.2 billion across our network for hourly front-line employees'

By K. R. Nelson | Oct 29, 2024

Amazon has announced a $2.2 billion investment to increase wages and expand benefits for hourly employees across its U.S. fulfillment and transportation network, significantly impacting the thousands of workers in the Chicago area.

Coalition of businesses: TPLF 'fundamentally alters the dynamics' of litigation and potential settlements

By K. R. Nelson | Oct 25, 2024

A coalition of 124 businesses, such as Amazon, Bayer, The Allstate Corporation and General Motors, submitted a letter to H. Thomas Byron III, Secretary of the Committee on Rules of Practice and Procedure, calling for disclosure requirements of Third-Party Litigation Funding (TPLF) agreements in federal civil cases due to its impact on cases and settlements.

PA State Rep. Stambaugh: 'Predatory lawsuits' impacting residents and businesses

By A. A. Sanchez | Oct 25, 2024

Pennsylvania State Rep. Perry Stambaugh (R-86) said costs coming from "predatory lawsuits" in the health care sector are harming families and businesses.

SBA reports record surge in small business financing under Biden-Harris administration

By Business Daily | Oct 24, 2024

Vice President Kamala Harris and Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced a significant financial boost for small businesses and disaster-impacted communities in Fiscal Year 2024 (FY24).

Niccol nears 100 days as Starbucks CEO, scaled back discounts unpopular with customers

By Business Daily | Oct 23, 2024

Starbucks' new CEO Brian Niccol approaches his first 100 days at the helm, with scrutiny on his initial policies and actions coming at the company’s fourth-quarter earnings call at the end of October.

Cincinnati Chamber announces new class for women's leadership program

By Business Daily | Oct 23, 2024

The Cincinnati Regional Chamber has announced the participants for WE Lead Class 19, a program under its Leadership Center aimed at developing women leaders in the region.

SBA-DoD initiative boosts investment in critical technology areas

By Business Daily | Oct 22, 2024

Today, the U.S. Small Business Administration (SBA) and the Department of Defense (DoD) marked a year of progress for the Small Business Investment Company Critical Technology Initiative (SBICCT). This initiative, a collaboration between the SBA and DoD, aims to increase private investment in technologies vital to national security and economic growth.

SBA launches annual cyber summit focusing on small business security

By Business Daily | Oct 18, 2024

The U.S. Small Business Administration (SBA) commenced its third annual Small Business Cyber Summit on October 16, 2024, in Washington. The event aims to provide small business owners with free educational webinars and resources to enhance their cybersecurity infrastructure. These sessions are part of the Biden-Harris Administration's efforts to promote digital tools for economic growth while reinforcing national cybersecurity.

Nationwide Executive: Tax-free returns for litigation investors 'stack the odds against' small businesses

By A. I. Benavidez | Oct 17, 2024

Russ Johnston, Nationwide’s President of Commercial Lines, said the benefits that third-party funders get from litigation proceeds "stack the odds against" small businesses when they don't win their case.

SBA pauses new disaster loan offers pending additional congressional funding

By Business Daily | Oct 15, 2024

The U.S. Small Business Administration (SBA) has announced the depletion of funds for its disaster loan program, following a surge in demand due to Hurricane Helene. As a result, the SBA will pause new loan offers until Congress allocates additional funds. Despite this pause, individuals and small businesses are encouraged to continue applying for loans. Congressional leaders have assured that more funding will be provided when Congress reconvenes in November.

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