Montgomery County Business Services says plenty of aid from CARES Act still available

MONTGOMERY COUNTY, Ohio (WDTN) – Senate Republicans have introduced a stimulus bill that will be voted on Thursday. It includes $300 of federal unemployment benefits and a new wave of PPP loans.

It does not mention a second round of stimulus checks or new funding for state and local governments.

It is not expected to get the 60 votes needed to pass.

Wednesday, a spokesperson for Montgomery County Business Services said they can’t speak for all counties, but there is still plenty of money for local aid.

Both Ohio Senators Sherrod Brown and Rob Portman said they want to see more federal aid to state and local governments. Montgomery County received $92 million from the CARES act, but like all governments, are restricted from using it to offset revenue losses caused by the pandemic.

“Ohio cities in particular are in a tough situation because a lot of them rely on

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Why you should start your own cannabis business

It’s no secret that the cannabis industry is booming and it does not look like it is going to slow down anytime soon. Recreational cannabis use has become legal throught parts of the United States. Meaning that you can open up your own personal cannabis business and collect the profits from it. Now it defiently is not as easy as it seems. The laws regarding the sale of cannabis is still extremely strict. Those who do not follow the rules are eventually going to get shut down as well as slapped with a huge fine. But that avoidable by easily following the laws and staying updated as the laws and regulations do change very often.

So what are the pros of having your own cannabis business? We are going to take a look and then tell you everything you need to know and have in order to successfully start your … Read More

Why Money-Market Fund Woe Is a Headache for Borrowers: QuickTake

For decades, money-market mutual funds offered better returns than bank deposits, were just as accessible and seemed just as safe — until they needed a federal bailout at the height of the 2008 financial crisis. That led to reforms meant to make the industry safer, while still allowing users to pursue higher yields, and investors started to drift back. But now the Federal Reserve has driven rates so low that the extra risk hardly seems worth it. That’s creating problems not just for fund managers but for corporations that have long relied on money markets to fund their day-to-day operations.

1. How do money-market funds work?

They’re kind of like banks but not quite. While both take deposits that can be withdrawn at any time, banks use them to make loans that can tie up the money for years. That mismatch historically made bank runs a constant danger since no

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Job vacancies remain unfilled as unemployment claims increase | Economy & business

At its peak, more than 4,500 unemployment insurance claims were filed by Frederick County residents during the COVID-19 pandemic. During the week of Sept. 12, less than 200 new claims were filed in the county.

It’s a significant drop, but it indicates people are still losing their jobs or can’t find new employment opportunities six months into the global pandemic. Meanwhile, many industries like manufacturing, construction and nursing are actively hiring and not getting the help they need.

According to iHire, a Frederick-based website for jobseekers and employers, 36.9 percent of current job seekers are unemployed due to the coronavirus pandemic.

Meanwhile, 27.9 percent of companies that aren’t hiring right now are doing so because they’ve had to downsize during COVID-19. But some fields are actively growing, said Patty McDonald, business services manager for Frederick County Workforce Services. These include manufacturing, life sciences and bio-health, transportation and health care, most

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Capital One Cuts Some Borrowers’ Credit Limits



a person sitting at a table using a laptop: Capital One Cuts Some Borrowers' Credit Limits


© Provided by The Motley Fool
Capital One Cuts Some Borrowers’ Credit Limits



a person sitting at a table using a laptop: A young man on his couch holding a credit card and his phone.


© Getty Images
A young man on his couch holding a credit card and his phone.

Capital One has announced that it’s cutting credit limits for some of its cardholders. While credit card companies generally avoid doing this, they are legally allowed to cut credit limits at their discretion, and it’s common during economic downturns. The high unemployment rate and expiration of the additional $600 per week in unemployment benefits were likely major factors in Capital One’s decision.

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Credit card companies aren’t legally required to notify you before cutting your credit limit, unless the change was due to adverse information on your credit report. Since that doesn’t apply here, it’s important to know how you can find out on your own.

Checking if Capital One cut your credit limit

The fastest and easiest way to

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