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Small Businesses Feel Anxiety Locally with Federal Money Emptied

April 22nd, 2020 by WCBC Radio

Businesses in our area have been working under a cloud of uncertainty for several weeks, and when access to federal stimulus money dried up, anxiety increased. Mark Malec is a business consultant with the Small Business Development Center at Frostburg State University.   Malec says he’s gotten questions about the Economic Injury Loans and the Payroll Projection Payments, and why local small businesses can’t get the funds…

3 Responses to “Small Businesses Feel Anxiety Locally with Federal Money Emptied”

  1. April 22, 2020 at 9:32 am, FedUp said:

    What did they think was going to happen.

    All of Trumps Donnors and Large Business supporters were escorted to first in line. Even business that should not have qualified were getting the loans.

    According to reports the bulk went to non-small business’s due to loop holes.

    And now he wants no oversight on the 2 trillion spending !!!

    Reply

    • April 22, 2020 at 10:09 am, Jay said:

      I saw a story last night about the Trump hotel in DC. Eric Trump apparently wants some government assistance. One problem is that the lease on the hotel is held by the current administration. Can you say Emouluments Clause?

      President Trump’s signature hotel in the nation’s capital wants a break on the terms of its lease. The landlord determining the fate of the request is Mr. Trump’s own administration.
      Trump International Hotel, just a few blocks from the White House, had been a favored gathering place for lobbyists, foreign dignitaries and others hoping to score points with the president. But like most hotels, it is now nearly empty and looking to cut costs because of the coronavirus pandemic.
      In recent weeks, the president’s family business has inquired about changing its lease payments, according to people familiar with the matter, which the federal government has reported amount to nearly $268,000 per month.

      Reply

  2. April 22, 2020 at 6:03 pm, Mark said:

    And I get flack for saying America is just like a Banana Republic!!!

    Reply

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