Starbucks

And still more on Starbucks, it reported Q4 earnings yesterday, reporting that it continued to show improvement in North America while China is recovering from another COVID cycle. In the US, same store sales (sss) were up 22% against 2020 numbers with traffic up 19% and average ticket up 3%. On a 2-year basis, sss…

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Governor Expands New York Recovery Grant Program

Newly installed New York Governor Kathy Hochul announced this week that she was expanding the eligibility to the state $800 million small business recovery grant program to allow businesses with 2019 revenues up to $2.5 million to qualify for the grant program. The Pandemic Business Recovery Initiative, which was initiated under former Governor Andrew Cuomo,…

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Business Aid Program Launched

Notwithstanding constitutional and other issues with SBA programs designed to assist small businesses recovering from the coronavirus pandemic, some states are successfully launching assistance programs. New York is one example as the Cuomo administration announced the Small Business Pandemic Recovery Program last week and began accepting applications on June 10. The application process, which will…

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