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Congress passes $900 billion pandemic relief package

“This new funding will help small businesses keep their doors open," declared U.S. Sen. Chris Murphy (D-Connecticut).

Three Fairfield County firms received max $10M PPP loans

All told, 8,595 Connecticut businesses received at least $150,000 in loans from the $669 billion PPP program.

SCORE report: Two-thirds of small businesses unprofitable

The national organization SCORE today issued a report showing that two-thirds of small-business owners classified their businesses as unprofitable as the Covid-19 pandemic continues...

Newtown Savings Bank picking up customers from larger banks, expanding locations

While hopeful that the federal government will make available some additional financial help, bank president and CEO Ken Weinstein says, "it’s pretty obvious that, right now at least, that we can’t count on that.”

Small Business Administration simplifies PPP loan forgiveness process

“The Paycheck Protection Program has been an overwhelming success and served as a historic lifeline to America’s hurting small businesses and tens of millions of workers,” said SBA Administrator Jovita Carranza.

Small businesses ‘real losers’ in Trump’s decision to call off stimulus...

The timing of the Nov. 3 election “isn’t helping things,” says Connecticut Restaurant Association Executive Director Scott Dolch. “Neither side wants to give the other side a win, unfortunately.”

Hotels, facing ‘deep economic crater,’ press Congress for relief

“Stay in Washington, D.C. and do your job,” American Hotel & Lodging Association president and CEO Chip Rogers said.

GOP’s ‘skinny’ Covid stimulus package soundly defeated in U.S. Senate

“Let’s not have a skinny bill when we have a massive problem,” House Speaker Nancy Pelosi (D-California) said of the failed $500 billion package.

Fairfield, Westchester hospitals to get $169.2M from Health and Human Services

Collectively, Connecticut hospitals have been estimated to lose $1.5 billion this year as a result of the coronavirus, while those in New York State are estimated to lose as much as $13.3 billion.

PPP Flexibility Act provides further opportunity for business owners, though some...

“We’ll see how it plays out,” says Connecticut Restaurant Association Executive Director Scott Dolch.

Fairfield County companies reaped millions in PPP loans, according to newly...

Among lenders, JPMorgan Chase & Co. accounted for the largest number of jobs supported – over 1.6 million – followed by Bank of America Corp. (nearly 1.47 million) and Zions Bank (about 1.05 billion).

Rye eye surgeon accused of bilking COVID-19 loan program of $637,200

Acting U.S. Attorney Audrey Strauss announced a superseding indictment June 24, adding charges of bank fraud and making false statements on loan applications.

CT Small Business Development Center steps up its game to help...

“You have to be so flexible, accommodating your customers and your employees,” says Don Droppo Jr., owner, president and CEO of Curtis Packaging in Sandy Hook. “This is unprecedented for all of us, and you can either run from it or you can see it as an opportunity.”

Bipartisan Paycheck Protection Program Flexibility Act gets near-unanimous approval from U.S....

The act extends the PPP program from June 30 to Dec, 31 and extends loan terms from two to five years.

Movie theaters, indoor dining part of CT’s Phase 2 opening; Casinos...

With the first phase of Connecticut’s three-phased approach to reopening achieved today, Gov. Ned Lamont and his administration are turning their attention to June 20, when a host of other businesses and services – including hotels, gyms, movie theaters, and some indoor dining at restaurants – are expected to become available.