The COVID reduction cash the federal government made accessible has actually helped tens of millions of small companies. Nevertheless, because the pandemic lingers on small companies specifically need assistance. A brand new bipartisan proposal within the Senate is seeking to make one other $68 billion accessible for companies similar to bars, eating places, and different varieties of meals service institutions.
The Senators are proposing to reallocate unused cash licensed underneath earlier packages in addition to new spending to fund the invoice. With fears of the Omicron variant rising, the Senators need to stop eating places from closing this winter. Learn extra on the potential of new COVID reduction cash:
Along with the COVID reduction cash, there are numerous different grants accessible to small companies throughout the U.S. Check out the next articles to get extra data:
Small Enterprise Information Roundup – January 14, 2022
Listed here are the opposite tales essential to small enterprise house owners this week:
Nonfungible tokens or NFTs are all the craze within the creator group. Sadly, artists are battling piracy as criminals use their work to create NFTs with out their permission. NFT Artists Battling Piracy Points The piracy challenge of NFTs is an enormous drawback for artists which have their content material on-line.
As 2021 drew to an in depth, the typical hourly wage at small companies locked in at $30, in keeping with the Paychex IHS Markit Small Enterprise Employment Watch. The December information reveals hourly earnings development enhancing to 4.27%, which is the best stage since Paychex started reporting 10 years in the past. Hiring at small companies additionally closed 2021 on an optimistic stat, enhancing 7.
Automobile house owners have been warned just lately that the current low fuel costs weren’t going to final, and so they might be about to considerably improve. It is because the decrease demand for gasoline round this time of yr typically lowers the value on the pump, however such downward developments don’t final.
The Inner Income Service Legal Investigation (IRS-CI) just lately listed the highest ten most distinguished and high-profile instances they investigated throughout 2021. The IRS-CI is the legal investigative arm of the IRS who’re answerable for conducting investigations into monetary crimes similar to tax fraud, money-laundering and public corruption.
Most People need to help extra small companies in 2022. This was the discovering of a survey that was commissioned by GoDaddy and performed by OnePoll. The survey discovered that for the reason that pandemic started, 76% of shoppers have made an effort to help native small companies.
Uber and Visa simply introduced a brand new small enterprise grant program to help impartial eating places in 10 cities. The Grants for Development program provides $1 million, distributed in grants of $10,000 to 100 retailers. To qualify, companies have to be lively on Uber Eats as of January 1, 2022.
A brand new partnership between Paychex and HireRight goes to permit small companies to handle office testing of COVID-19. The brand new service will make it doable for Paychex shoppers to order bulk or small batch orders of speedy COVID-19 take a look at kits. In keeping with Paychex, these kits will give companies outcomes inside 15 to half-hour after a take a look at is run.
Inflation has surged in current months. In 2021, the US Shopper Value Index rose to six.8%, its quickest price since 1982.