SBA Launches PPP Forgiveness Portal

The U.S. Small Business Administration (SBA) this week officially launched its new streamlined Paycheck Protection Program loan forgiveness portal, for loan recipients of $150,000 or less in 2nd draw PPP funding. The program will open to the broader general public on Wednesday of this week, August 4. Although at the present time, the forgiveness portal…

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Billions Remain in EIDL Program

Notwithstanding the end of the Paycheck Protection Program and the launch of the forgiveness portal as detailed above, the U.S. Small Business Administration (SBA) still has more than $27 billion left in its Targeted Economic Injury Disaster Loan Advance (EIDL) grant program months after the program launched. Notwithstanding the availability of billions more in funding,…

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Senate Confirms Abruzzo

Last week, the U.S. Senate confirmed attorney Jennifer Abruzzo as the new General Counsel for the National Labor Relations Board (NLRB). Abruzzo, who was nominated for the post by President Biden back in mid-February, needed Vice President Kamala Harris to break a 50-50 tie along party lines in the Senate. Although she most recently served…

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New York Heroes Act Trigger Date

New York put the HEROES Act on the books back in May of this year, but the new law has a number of different triggers that employers in the Empire State should be aware of. The first of those comes next Thursday, August 5, 2021, when employers are required to adopt a worker health and…

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MUFC Discount

If you’re still thinking about attending the 2021 Multi-Unit Franchising Conference from August 31 – September 3 at Caesar’s Palace Las Vegas, then franchisees can save money on the registration thanks to Dunkin’ franchisee Rob Branca. Using the discount code BrancaRate20 when you register here will save $300 off the normal registration fee of $795…

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DDIFO Webinar

With the resurgence of COVID in some regions around the country continues to hamper in-person meetings, DDIFO with help from our Business Members continues to bring you valuable and timely information with our Business Member Webinars. Our next webinar, On-line Pay & Financial Education as Employee Benefits, will be held on Tuesday, August 17 from…

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CFA Readying Lobby Day and in the News

We’re just a little better than one month away from the Coalition of Franchisee Associations Lobby Day in Washington, DC., and if you haven’t yet done so, please sign up to attend and join your franchisee colleagues to speak with you representatives in Congress about the issues that most concern you and your business. On…

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Starbucks

On its earnings call on Tuesday of this week, Starbucks reported respectable earnings, beating both expected revenues ($22 million) and EPS ($.22 EPS, GAAP basis) for Fiscal Quarter 3.  In the US, it has regained most of its prior position with same-store sales plus 10% versus Q3 in 2019 (plus 83% versus 2020). Virtually all…

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Senate Confirms Su for Deputy Post at Labor

Last week, the full U. S. Senate voted along party lines to confirm California Secretary of Labor as the U.S. Deputy Secretary of Labor. The controversial nomination of Julie Su by President Biden to serve as the #2 executive in the Department of Labor was advanced by the Senate Committee on Health, Education, Labor and…

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HELP Committee Hears PRO Act

That same Senate Committee on Health, Education, Labor and Pensions (HELP) that gave quick clearance back in March to Julie Su as Deputy U.S. Secretary of Labor yesterday held a public hearing on the Protecting the Right to Organize Act (PRO Act). As is often the case in Washington DC, the hearing was more of…

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