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The Gazette in Medina, Ohio

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Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Jul 07, 2020

Page

9

Payroll Protection program aided many firms across sectors

The Treasury identified about 650000 mostly small businesses and nonprofits that received PPP funds, spanning manufacturing, construction, law firms, and private equity groups. The Gazette received 1.2047 million in late April. Yeezy, Ice Cube’s league, Planned Parenthood clinics, and Americans for Tax Reform were also listed.

Treasury Department the Gazette Lorain County Printing and Publishing Co Marco Rubio Florida Small Business Committee

DeWine's firm receives SBA PPP loan amid pandemic relief program

A Ohio governor linked company DeWine Seeds Silver Dollar Baseball got a PPP loan range of 150000 to 350000 from the SBA. The loan to support payroll totals 189500, funding Asheville Tourists operations in North Carolina where Brian DeWine serves as team president. Governor says he owns 32 percent stake and has no management role. The data release notes the program aims to shield small firms, with broader debate over transparency and long term impact on jobs.

Columbus Ohio Mike DeWine DeWine Small Business Administration Asheville Dan Tierney Senate Chuck Schumer Congress PPP Federal Reserve Treasury Department Texas Florida California New York Adam Ozimek Upwork National Federation of Independent Business Treasury Steven Mnuchin Associated Press

Trump tied lobbyists helped snag $10B in aid

Forty lobbyists with ties to President Trump aided clients in securing over $10 billion in federal coronavirus aid. The report names figures such as Brian Ballard and Dave Urban, noting their roles in Trump’s transition, campaigns, or fundraising. It highlights ongoing lobbying growth despite a stated drain-the-swamp pledge. The White House did not respond.

Washington Donald Trump Administration Trump Public Citizen Brian Ballard Congress Washington, D.C Mike Tanglis White House

Global stocks rally as US and China lead gains

World markets surged with the S&P 500 up 1.6 percent and Nasdaq at a record high as Apple and Amazon supported tech stocks. Dow rose 459.67 points to 26287.03 while China jumped 5.7 percent its best since 2015 amid improving economic signals. WalletHub noted states’ unemployment claims retreating 79 percent from pandemic peaks, with New Jersey and others posting faster recovery and some states pausing reopenings due to COVID spikes.

New York Europe Asia China Treasury U.S Apple Amazon U.S. Bureau of Labor Statistics BLS WalletHub Adam McCann District of Columbia New Jersey Connecticut Rhode Island Oregon South Dakota Pennsylvania

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