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Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, announced today the launch of the Cyber Prize Competition. The initiative will award $350,000 to an organization tasked with developing and deploying a national Cyber Certification Program for SBA resource partners.

The U.S. Small Business Administration (SBA) announced the release of its new Business Resilience Guide, a comprehensive resource aimed at small business owners who may not be familiar with disaster preparation. The guide includes six sections to help plan and recover from disasters, featuring best practices and template forms designed to mitigate risks for America's entrepreneurs and assist them in rebuilding stronger.

HOUSTON – On Wednesday, July 31, 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 Houston to meet with disaster-impacted community members, visit a local small business, and participate in a fireside chat at Sigma Gamma Rho Sorority’s 60th International Biennial Boule.

E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.

Washington D.C. (August 1, 2024) – A new study by the AAA Foundation for Traffic Safety reveals the COVID-19 pandemic’s deadly impact on traffic safety in the United States. Researchers at the AAA Foundation found dangerous behaviors like speeding, not using seatbelts, and impaired driving contributed to a significant rise in fatal crashes compared to pre-pandemic times.

The national average for a gallon of gas has decreased by four cents since last week, now standing at $3.48. This decline occurs as a tropical wave with potential to form a storm slowly approaches the Caribbean Sea. If it enters the Gulf of Mexico, oil prices are expected to rise.

With August marking the beginning of the peak hurricane season, State Farm has pre-funded $2.5 million in disaster response grants. The allocation includes $2 million to the American Red Cross, $250,000 to Convoy of Hope, and $250,000 to Midwest Food Bank. These funds are intended to support immediate disaster response efforts by these community non-profits.

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.