Building Main Street, not Wall Street: The financial case for small business | News

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Albert Einstein made the following observation: “The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking.” 

As a community determines how to spur growth during these challenging times, there are many things they should consider as they strategize their future. Some communities are great at tackling the usual issues, but many are unaware of many hidden expenses and stresses that will ultimately determine their future. Decisions made today will impact their community for generations to come. Let’s discuss a few considerations needing to be part of every community conversation regarding growth, strategy, and the future. Here are four that are oftentimes missed:

First, a study by Tischler & Associates a few years ago had some interesting findings. They found that specialty retail establishments made up of primarily locally-owned small and medium-sized businesses generate a net yearly return to their

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The Royale Firm Announces New Financial Lending Programs Added To Business Finance Suite

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The MarketWatch News Department was not involved in the creation of this content.

Sep 12, 2020 (AB Digital via COMTEX) —
12 September, 2020 – The Royale Firm, a leader in finance and corporate lending, has announced the addition of revolutionary new financial programs to its proprietary funding system, the Business Finance Suite.

The most comprehensive financial solution on the market, The Royale Firm is helping a new generation of business owners ensure their business setups to meet lending credibility standards so they can obtain the capital and credit they need to fuel their dreams. Relying on a professional team of financers, The Royale Firm actively pulls together legitimate business lending programs and works in tandem with hundreds of different lenders to offer unique loan programs for all different types of borrowers.

An innovative program empowering businesses with access to cutting-edge financial tools and resources, The Royale Firm has set

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Blume Global Welcomes Tom Williams as Chief Financial Officer

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PLEASANTON, Calif., Sept. 16, 2020 /PRNewswire/ — Blume Global, a leading provider of logistics and supply chain solutions empowered by the largest globally-connected network, today announced Tom Williams as its new Chief Financial Officer (CFO). Most recently, Williams led the finance team at Steelwedge as their CFO, which included the management of the acquisition by E2Open. Prior to Steelwedge, Williams served as Chief Financial Officer for Evestment, Inc., the world’s largest institutional investment database, for more than six years.

With more than three decades of experience in finance, including leadership roles at public companies, including Manhattan Associates and Sterling Commerce, Williams will work closely with Blume’s CEO and management team in order to help shape and define business strategies. His extensive knowledge of leading companies through initial public offerings and acquisitions, transparent accounting practices, investor relations, and experience in guiding companies through challenging times will be invaluable as Blume

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Braves lay off ‘dozens’ after dire financial report – report

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The Atlanta Braves are laying off employees throughout the organization following a precipitous drop in revenues in the second quarter, multiple outlets reported.

The Atlanta Journal-Constitution said “dozens” of full-time employees will be cut.

Last month, team owner Liberty Media said revenues fell by 95 percent from $208 million to $11 million in the second quarter as a result of the coronavirus pandemic. The Braves had an operating loss of $26 million compared to $62 million in the second quarter of 2019.

Non-contract employees will work until Oct. 1, while those on contract will not have their deals renewed. The cuts involve both the baseball and business sides of the franchise, with employees in scouting and player development, minor-league operations and real estate among those affected, according to the report.

“The Atlanta Braves have completed a reorganization of full-time staff,” the team said in a statement, per the Journal-Constitution. “…

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Taliban’s Expanding ‘Financial Power’ Could Make It ‘Impervious’ To Pressure, Confidential Report Warns

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The Taliban’s burgeoning financial might could make the militant group immune to pressure from the international community as it negotiates a role in postwar Afghanistan, according to a confidential report commissioned by NATO and obtained by RFE/RL.

The Taliban “has achieved, or is close to achieving, financial and military independence,” a scenario that could allow the Sunni extremist group to renege on key commitments it has made under a U.S.-brokered peace plan aimed at ending the 19-year war, the report warns.

“That financial independence enables the Afghan Taliban to self-fund its insurgency without the need for support from governments or citizens of other countries,” says the report, based on interviews with senior Taliban operatives, Afghan officials, and foreign experts.

“It also, arguably, provides insurance for the Taliban’s continued relationship with other listed terrorist groups, including [Al-Qaeda].”

The Taliban has expanded its financial power in recent years through increased profits from

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Second Round Of Alexandria Small Business Grants Planned

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ALEXANDRIA, VA — The Alexandria Economic Development Partnership is preparing to launch a second round of funding for the Alexandria Back to Business small business and nonprofit grant program. Grants are geared toward qualifying small businesses and nonprofits to help with costs related to reopening and rescaling business during the COVID-19 pandemic.

The second round comes after Alexandria City Council approved an additional $2.4 million for the grant program through the city’s portion of federal CARES Act funds on Sept. 8. Applications will open at 8 a.m. on Sept. 30 and close at 12 p.m. on Oct. 5.

This time around, criteria has expanded so additional business types and nonprofit child care providers will be eligible to apply. Grant amounts will range from $5,000 to $20,000 based on the number of employees. For example, independent contractors can receive $5,000, and businesses with 50 to 100 employees can receive $20,000.

Grants

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BeyondSpring Provides Second-Quarter 2020 Financial Results and Business Updates

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– Reported Positive Topline Pre-Specified Interim Results from PROTECTIVE-2 (Study 106) Phase 3, Demonstrating Plinabulin’s Superiority in Combination with Neulasta for CIN Prevention vs. Neulasta Alone-

– Completed PROTECTIVE-2 Phase 3 Enrollment and On Track to Report Final Results in Q4 2020 / Expect to Submit NDA for CIN to the FDA by End of 2020 –

– Triple Plinabulin I/O Combination Achieved 100 Percent Complete Response in PD-1 Non-responsive Animal Model; To Initiate Clinical Studies at MD Anderson in H2 2020 –

NEW YORK, Sept. 03, 2020 (GLOBE NEWSWIRE) — BeyondSpring Inc. (the “Company” or “BeyondSpring”) (NASDAQ: BYSI), a global biopharmaceutical company focused on the development of innovative cancer therapies, announced today its financial results and provided an operational update for the three months ended June 30, 2020.

“BeyondSpring’s mission has been to develop innovative, transformative medicines that improve clinical outcomes in high unmet medical needs,” said Dr. Lan

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Carnival is selling 18 cruise ships amid the covid-19 pandemic

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In the market for an abandoned cruise ship? Carnival Corp. — the parent company of nine cruise brands, including Princess, Costa, and Carnival — announced in a third-quarter earnings filing that it plans to sell 18 cruise ships in 2020, which amounts to 17 percent of the company’s ships.

The move comes amid a halt in cruises since March, when the lines stopped sailing the day before a no-sail order went into effect in the United States.

Carnival Corp. has already sold eight older-model cruise ships. It has not disclosed the cruise lines the ships are from or to whom they are being sold. The company will also delay delivery of new ships scheduled for 2021 as a cost-saving measure.

“We are in the process of removing 18 ships from our global fleet with several ships already

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LPL Financial Reports Monthly Activity for August 2020

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SAN DIEGO, Sept. 15, 2020 (GLOBE NEWSWIRE) — Leading retail investment advisory firm and independent broker-dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA), today released its monthly activity report for August 2020.

Total brokerage and advisory assets served at the end of August were approximately $823 billion, an increase of 3.9% compared to the end of July 2020.

Total net new assets for August were an inflow of $3.1 billion, translating to a 4.7% annualized growth rate. This includes total net new advisory assets of $3.1 billion, translating to a 9.4% annualized growth rate.

Total client cash balances at the end of August were $45.1 billion, which were flat compared to the end of July 2020. Net buying in August was $3.6 billion. 

(End of Period $ in billions, unless noted) August July Change August Change
2020 2020 M/M 2019 Y/Y
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Public Hearing Set For Sept. 22

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ROCKVILLE, MD — The Montgomery County Council will hold a public hearing Tuesday on a bill aimed at saving retail businesses hundreds of dollars in annual license fees amid the coronavirus pandemic.

The 1:30 p.m. hearing will be live streamed on the council’s Facebook and YouTube pages, and broadcasted live by County Cable Montgomery (Xfinity channels 6 and 996, RCN channels 6 and 1056, and FiOS channel 30).

Residents who would like to call in to testify need to preregister on the council’s web page at https://www.montgomerycountymd.gov/council/calendar.html. Once the public hearing sign up request form is submitted and the public hearing list is created, residents will receive further instructions on how to dial in and testify.

Individuals also can provide audio, video, and written testimony to the council by visiting https://www.montgomerycountymd.gov/COUNCIL/PHSignUp.html.

ABOUT THE BILL

Sponsored by Councilmembers Andrew Friedson and Evan Glass, Bill 40-20 would establish a uniform $15 trader’s

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