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    A new restaurant with a familiar face has been proposed for Main Street in Indian Orchard. On Feb. 8, the Springfield Board of License Commissioners had a new all-alcohol annual restaurant license on their agenda for Yaad Food Bar & Grill II. Yaad Food is a Jamaican restaurant at 89 Main St., Indian Orchard, owned by Orlando Roberts and Alexis Mercure. It is Mercure’s sister, Kimberley Campbell, who is listed as the manager of record for Yaad Food Bar & Grill II’s new liquor license application. Campbell works at Yaad Food with Mercure and is often the person who greets customers as they enter.  If approved, the new license would facilitate alcohol service at Hemil’s Bar & Grill, a little way down Main Street from Yaad at 287 Main St. The address is the location of the former A Bica Bar, a Portuguese neighborhood pub. A Bica closed in...
    FLUSHING, Queens (WABC) -- The New York City Department of Transportation is beginning a 60-day warning period before Main Street Busway violations will be issued in Downtown Flushing, Queens.The 0.6 mile Busway allows for bus and truck priority on Main Street and Kissena Boulevard from Sanford Avenue to Northern Boulevard 24 hours a day, 7 days a week.The Main Street Busway Pilot launched on January 19, 2021, and is part of Mayor Bill de Blasio's Better Buses Restart plan.The DOT will continue to monitor the progress of the busway pilot, ending January 2022, as it remains committed to increasing bus speeds and automated camera enforcement of bus lanes across the city, two critical ways to keep New Yorkers safe and moving.The corridor now has signage indicating regulations of the busway, and that the bus lanes are camera-enforced.Only buses and trucks are permitted as through traffic, while all other vehicles are...
    Small businesses, which still account for nearly half of our country’s economic output, are the backbone of our economy. They are hurting now like never before. This problem started well before COVID-19. Anyone who has driven down the main street of any small town in America has seen the boarded-up storefronts and the for-sale signs. This doesn’t just hurt the business owners; it devastates communities. COVID-19 took this ongoing problem and drove it to a crisis level. Between Jan. 1, 2020, and Dec. 31, 2020, about 30% of U.S. small businesses closed, while total small-business revenue decreased by 31%, according to Economic Tracker. During the same period, the stock market boomed, and multinational corporations continued to thrive. The demise of the small-business sector and the gutting of so many of our communities have played a huge role in the political unrest we have in America. To fix the problem, those...
    VIDEO1:2801:28What $15 an hour minimum wage means for Main StreetPower Lunch While small business owners are cheering President Joe Biden's plans to direct more aid to a Main Street that has been ravaged by the pandemic, they're also debating another of his pledges — hiking the federal minimum wage to $15 an hour. Workers' rights groups are cheering the move, but advocates for America's smallest businesses are warning such an increase could stall an already challenging economic recovery on the road back to stability from the health crisis. Biden's plans would more than double the current federal minimum wage of $7.25 an hour, which has not moved since 2009, despite repeated efforts by Democrats to increase pay for low-wage workers. A 2019 report from the Congressional Budget Office projected that hiking the federal minimum wage to $15 an hour gradually by 2025 would increase pay for 17 million workers but...
    CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, the CNBC.com digital video team breaks down the major challenges facing President-elect Joe Biden as he takes office tomorrow. Then, CNBC's Kate Rogers reports on what Biden's plan to hike the federal minimum wage to $15 means for small businesses across the United States. Biden's inauguration speech to stress unity amid a national crisis President-elect Joe Biden will on Wednesday deliver an inauguration speech centered on unity as the United States faces one of its most chaotic transfers of power in the modern era. Biden, who departed for Washington on Tuesday afternoon, will speak about the need to bring the country together on the heels of a violent riot on Capitol Hill and amid extreme partisanship in Congress, according to the president-elect's advisors. His speech will also come in the wake of an outgoing president whose...
    SHERBORN (CBS) – Sherborn Police are looking for help in their search for a missing 17-year-old girl. The girl, who has not been named, was last seen at her home around 12:30 p.m. Thursday, according to Detective James Godinho. She was reported missing at 6:30 p.m. (Photo credit: Sherborn Police) Godinho released two photos of the teen and this description of her: “She is approximately 5 feet 10 inches tall and approximately 130 pounds. She has dark brown hair that is dyed red at the tips. She is believed to be wearing a gray t-shirt, a long sleeve navy shirt, red adidas sneakers and blue jeans. It is also possible she is wearing a long black down coat and grey sweat pants (with blue MASS BAY lettering down one leg) and a Patriots’ winter hat.” “She was last seen in the area of North Main Street and South Main Street in...
    MELROSE (CBS) – Melrose Police are investigating a robbery at Santander Bank on Saturday morning where an unarmed man allegedly demanded that the bank teller put money in a brown paper CVS bag. The incident occurred around 9 a.m. at the Santander Bank in Melrose on 492 Main Street. There were no injuries and no weapon was shown. The suspect was described to police as a white man in the 45-to-50 age range. He was wearing a gray zip-up sweatshirt, gray pants and a knit cap. After securing what the police say was a “quantity of cash” from the bank, he fled northbound on Main Street. The suspect police are searching for wore a blue surgical-style mask and black glasses. (Photo Credit: Melrose Police Department) Anyone with information is asked to call the Melrose Police Department at 781-665-1212.
    Montague Street is a unique commercial strip, with a civic center at one end and the Brooklyn Heights Promenade, a popular tourist attraction, at the other. Erika Belsey Worth, president of the Brooklyn Heights Association. Photo courtesy of BHA The unofficial “Main Street” of New York’s first historic district should be a dream location for popular retail stores and restaurants, but the street has been plagued by vacancies for decades. Now, amid COVID-19, the bottom is falling out. “I will not easily forget those early weeks of the COVID shutdown when we were going out once a week, and Montague Street was completely deserted,” Erika Belsey Worth, president of  the Brooklyn Heights Association, told the Brooklyn Eagle recently. Worth, an architect, moved to Montague Street with her husband and their two sons in 2001.
    WOODLAND (CBS13) — The city of Woodland is watching out for the person or people responsible for a string of crimes along Main Street. The crimes include a smashed side door at Allstate insurance company, a stolen cell phone and various windows broken in the business district. Internet wires and cameras were also stolen at several businesses, including Wirth Furniture Store. “It’s kind of sickening and tiring. I just can’t believe people could do this,” business owner Zach Wirth said. Police have identified a man wanted for trespassing and theft in a string of incidents over the last month. The latest happened at Allstate Insurance when the side door was smashed in and a cell phone stolen. Police have not yet linked the suspect with that crime. Wirth will have to pay out of pocket to cover the damages at his store. “So I gotta buy new surveillance cameras now...
    Police are seeking a suspect in Tuesday’s fatal drive-by shooting. The victim is a 28-year-old man whom police have not identified. The killing happened Tuesday, Nov. 3, on Cherry Street, said Waterbury Police. The shooter fled the scene. On that day, the victim was driving an Audi on East Main Street at approximately 8 p.m. when he came to a stop at a traffic light near the typically-busy intersection of Cherry Street in Waterbury. A dark-colored SUV reportedly pulled up beside the victim's vehicle and opened fire, police said. The victim managed to make a right turn onto East Main Street before slamming into the back of a parked car, police said. Detectives suspect that the shooter sped down Baldwin Street and then onto Interstate 84.  Spent bullet casings were allegedly found near the intersection where the shooting took place.  Police hope to confirm the deceased victim's identity via an...
    The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020.Erin Scott | Bloomberg via Getty Images The Federal Reserve has lowered the barriers on its lending program for smaller businesses as part of an effort to broaden the appeal of the sparsely used facility. In another pair of tweaks to its Main Street Lending Program, the Fed on Friday said it is reducing the minimum loan size to $100,000 from $250,000 and will ease restrictions on debt for companies already participating in the Paycheck Protection Program. Aimed at helping small- and medium-sized firms get through the Covid-19 pandemic, the program thus far has issued nearly 400 loans for a total of $3.7 billion. The total capacity of the MSLP is $600 billion, thanks to $75 billion in collateral from the Treasury Department that can be leveraged up. In a release, the Fed said...
    LOUISVILLE, Colo. (CBS4) – Businesses on Main Street in Louisville who benefitted from outside seating all summer called for city leaders to extend the option into November as customers continue to feel safer eating and drinking on a patio. The city announced Thursday afternoon it would keep the setup well into next month as they transition to a winter plan for the popular stretch of the eastern Boulder County town.  “That’s been our savior all summer,” said John Howland, the owner and head brewer of 12Degree Brewing. “It’s created kind of a nice vibe out here as well so people have really enjoyed it.” (credit: CBS) He opened his location on Main Street in the summer of 2013 as a neighborhood brewpub that hoped to become a community gathering spot. But 2020 forced a change in their business operations, moving to online sales and to-go orders. The warmer weather brought the...
    David Kong, chief executive officer of Best Western International Inc., listens during a meeting with tourism industry executives and U.S. President Donald Trump, not pictured, at the White House in Washington, D.C., on Tuesday, March 17, 2020.Kevin Dietsch | Bloomberg | Getty Images Waiting for Washington to approve another round of rescue funding for the U.S. economy is rough on David Kong, who as CEO of Best Western Hotels and Resorts is seeing the damage to his industry up close. Travel, tourism and hospitality has been at the center of the Covid-19 crunch, hammered by a pandemic that has made many people afraid to travel and use hotels. Millions of workers continue to be unemployed while hotel and motel owners scramble to keep their businesses open. Owners are now acting as desk clerks and cleaning crews while millions of workers remain sidelined with an uncertain future. Kong doesn't know how...
    CHICAGO (CBS) — St. Charles police are searching for a driver who hit and killed an 88-year-old woman in a wheelchair Friday afternoon. Shortly after 4 p.m. police responded to 3rd and West Main streets and found the the woman unconscious in the road. Witnesses said the woman and her adult son were crossing North 3rd Street in the crosswalk when a pickup truck waiting at the light turned right from southbound 3rd Street to westbound Main Street. The truck then struck the woman and continued west on Main Street without stopping. The 88-year-old Chicago woman was taken to Northwestern Medicine Delnor Hospital where she was pronounced dead. (Credit: St. Charles Police) Police are searching for a 2016 Dodge Ram Cummins Edition 4-door pickup truck driven by a white man wearing a black t-shirt. The truck has chrome outside mirrors, chrome door handles and spoked rims, police said. Anyone with information...
    Louisiana legislators are looking to carve out money from a $275 million federally funded small-business relief fund, though the state treasurer says the money already has been claimed. Lawmakers created the Louisiana Main Street Recovery Grant Program earlier this year with money from the federal CARES Act COVID-19 stimulus and relief legislation. Businesses could apply for grants of up to $15,000 for pandemic-related expenses. On Tuesday, State Treasurer John Schroder, who is overseeing the program, said about $93 million has been awarded. But when pending applications are included, the total obligated comes to about $283 million, which means some people won’t get paid unless other applications are rejected. “I believe we have more applications right now than what we can pay,” he said. The program stopped taking new applications about 10 days ago, Schroder said. The program had a high rate of rejections in the early...
    A man walks his dog past a placard stating "ALL SMALL BUSINESS IS ESSENTIAL" outside Atilis Gym on May 20, 2020 in Bellmawr, New Jersey.Mark Makela | Getty Images Last week, the U.S. Senate gave up the fight to save America's small businesses. They walked away from negotiations that would have extended a lifeline to grass roots entrepreneurs on the front lines of one of the worst economic catastrophes in U.S. history. But from Colorado to Ohio to Virginia, we have seen communities across the country stepping up where the federal government has failed. As we've been researching an upcoming book about the future of entrepreneurship, we have found cities dipping deep into strained budgets, turning to new technological solutions and coming together in creative ways to save their local businesses, lending hands and providing investment dollars to struggling businesses in their communities. Communities are leading where the Trump administration...
    Wall Street's main indexes plunged on Friday as a huge sell off of technology stocks continued for a second day and overshadowed data showing a steeper-than-expected drop in the unemployment rate in August.   The Dow Jones Industrial Average fell more than 500 points in early morning trading, while the Nasdaq Composite dropped 5 percent and the S&P 500 dropped 2.9 percent.  The tech-heavy Nasdaq is now on track for its worst two-day fall since March.   It comes as shares in tech companies including Apple Inc, Microsoft Inc, Amazon.com Inc and Tesla Inc all slipped for the second day. Apple slid 3.3 percent, Amazon dropped 2.8 percent and Zoom fell 5.3 percent. Even so, Apple is still up 59 percent this year, while Amazon is up 77 percent. Zoom is still up 430 percent for the year.  The Dow Jones Industrial Average fell more than 500 points in early morning...
    PORTSMOUTH — The Scioto Foundation has awarded Main Street Portsmouth $60,000 to construct an outdoor physical fitness park on the Portsmouth riverfront as part of the Rethinking Downtown Portsmouth Grant Initiative. The Main Street Portsmouth grant project, named “Operation Riverfront Shapeup,” is an outcome of the Rethinking Downtown Portsmouth Summit which occurred on April 1 and 2, 2019. A vote by those who attended the summit selected Main Street Portsmouth to receive the grant. The new physical fitness project, where adults will be able to get an authentic workout while their children enjoy the already-existing playground along the beautiful riverfront, was part of a massive riverfront redevelopment plan created by Main Street Portsmouth, the Portsmouth Chamber of Commerce, the City of Portsmouth, the Scioto County Visitor’s Bureau and the Southern Ohio Port Authority through 2015’s America’s Best Communities Challenge. Now the Scioto Foundation’s “Rethinking Downtown Portsmouth Grant Initiative” will...
    A placard states "ALL SMALL BUSINESS IS ESSENTIAL" as demonstrators, employees, and patrons gather outside the Atilis Gym on May 20, 2020 in Bellmawr, New Jersey. The gym has opened for the third consecutive day, defying the New Jersey Governor's mandate that many retail businesses stay closed due to the coronavirus pandemic.Mark Makela | Getty Images As stimulus talks remain deadlocked in Washington, the situation on Main Street is becoming increasingly dire. The window to apply for new Paycheck Protection Program loans has expired and many who have accessed loans have used the funding. As businesses operate with limited capacity due to Covid-19 restrictions, new data show many anticipate more aid will be needed or the sector's decimation will continue. Recent data from the National Federation of Independent Business finds that one in five businesses say they will have to shut down if economic conditions don't improve within the next...
    House Republican Leader Kevin McCarthy (R-CA) said during the Republican National Convention (RNC) on Thursday that President Donald Trump unleashed a “Marshall Plan” for “Main Street” to help Americans recover from the coronavirus pandemic. “As Republicans — we are proud to stand with him and to work for you. Together we built the greatest economy the world has ever seen — and we will do it again,” McCarthy said. McCarthy added that Trump and congressional Republicans tackled unfair trade deals and pursued better trade deals with the United States-Mexico-Canada (USMCA) Agreement. He added that they restored “law and order at the border.” McCarthy said that Trump has worked to combat the coronavirus pandemic. He said: But as every American knows, we face an invisible enemy that we didn’t ask for, nor invite. But we will defeat it. We will defeat it because America is where innovation happens — and...
    A security guard wearing a protective mask gives a shopper hand sanitizer at a store in San Francisco, California, during a phase of reopening in June.Michael Short | Bloomberg | Getty Images After 102 days with no community spread of Covid-19, New Zealand on Tuesday announced four new cases that were transmitted locally, causing some areas of the country to reinstate lockdown restrictions that had not been in place since early June. Though it was short-lived, New Zealanders enjoyed a few months of normalcy — walking around without masks, commuting into the office for work, packing into bars and restaurants to meet up with friends — that has been enviably out of reach for most Americans.  Now entering the fifth month of economic disruption caused by the coronavirus, the U.S. economy as a whole — and the small business economy in particular — has made only modest progress in reopening....
    PITTSBURGH (KDKA) – A Boil Water Advisory has been issued for two Pittsburgh neighborhoods. Parts of Lincoln-Lemington-Belmar and Homewood North are under a precautionary Flush and Boil Water Advisory, PWSA says. Customers can search our interactive map to see if they are impacted here: https://t.co/I3XffI0aHO https://t.co/rLjPDoSpdi — Pittsburgh Water & Sewer Authority (@pgh2o) August 12, 2020 An 8-inch water main break on Apple Street between Lincoln Lincoln Avenue and Grotto Street early Wednesday morning caused a less in water presser. The PWSA says when there’s a loss in pressure, contaminants can enter drinking water. There are 860 households impacted by this main break. Before you use water to drink, make ice, wash dishes, brush your teeth or prepare food, you should boil it first. If you don’t know if your property has lead pipes or solder, the PWSA recommends you first flush your lines by running water from the...
    New York, Aug 5 (EFE) .- Wall Street opened this Wednesday in green and the Dow Jones Industrials, its main indicator, advanced 0.73% due to hopes of developing a vaccine against COVID-19, the expectation of a new stimulus package in the US and the good results of Disney. Five minutes after the start of operations on the New York Stock Exchange, the Dow Jones rose 196.05 points, to 27,024.52, while the selective S&P 500 rose 0.43% or 14.14 integers, to 3,320 , 65. For its part, the Nasdaq market composite index, where the main technology companies are listed, gained 0.69% or 11.55 units, up to 10,958.88 points, a new intraday record. The New York parquet was thus opening with profits, driven by the latest advances in the face of a coronavirus vaccine, after Johnson & Johnson announced an agreement with the Government of the United States worth $ 1 billion...
    With Republicans in Congress intent on drastically reducing aid for unemployed Americans and altering the Paycheck Protection Act in the next coronavirus relief bill, workers across the country are rapidly losing hope that they will ever be able to return to their jobs, according to new polling. A survey released Friday by AP-NORC found that while 78% of workers who were furloughed or laid off in the early days of the pandemic believed in April that they’d be able to return to work eventually, just 34% are optimistic about their prospects now. Just 18% have already returned to their jobs, and 47% say they no longer believe their old jobs will be available ever again. The same poll found that 72% of Americans would still rather see the federal, state, and local governments impose restrictions aimed at preserving public health rather than prioritizing reopening economies while the coronavirus continues to spread across the country. Though...
    Bel Air, Md. (WJZ) — A 24-year-old man was killed in a hit-and-run accident in Bel Air Wednesday morning. Police said officers responded to South Main Street between Office Street and Pennsylvania Ave. after someone a reported person was hit by a vehicle. When they arrived, officers found the 24-year-old lying in the road. Officials said the victim sustained injuries from being hit and dragged by a vehicle that then fled the scene. Police believe the victim may have been in the road when he was hit. Witnesses said the vehicle was a dark colored pickup truck which continued northbound on Main Street. Anyone with information about this crash is urged to contact police at 410-638-4500 or Metro Crime Stoppers.
    WASHINGTON (AP) — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He’s making money through food delivery and pickup and wants to borrow funds so he can expand. Yet so far, a Federal Reserve lending program set up specifically for small and medium-sized businesses like his hasn’t been much help. He can’t find a bank that’s participating in the program, and he isn’t clear on a lot of the details about how it works. For example, he isn’t sure how much he could borrow. “We are trying to figure it out, and trying to find a bank that is working with the government on this,” Haith said. “The guidance is pretty convoluted, and the banks seem a little wary.” Haith’s experience underscores banks’ surprising lack of interest in the Fed’s Main Street Lending program, as...
    By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He's making money through food delivery and pickup and wants to borrow funds so he can expand. Yet so far, a Federal Reserve lending program set up specifically for small and medium-sized businesses like his hasn't been much help. He can't find a bank that's participating in the program, and he isn't clear on a lot of the details about how it works. For example, he isn't sure how much he could borrow. “We are trying to figure it out, and trying to find a bank that is working with the government on this,” Haith said. “The guidance is pretty convoluted, and the banks seem a little wary.” Haith's experience underscores banks' surprising lack of interest in the Fed's...
    WASHINGTON (AP) — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He’s making money through food delivery and pickup and wants to borrow funds so he can expand. Yet so far, a Federal Reserve lending program set up specifically for small and medium-sized businesses like his hasn’t been much help. He can’t find a bank that’s participating in the program, and he isn’t clear on a lot of the details about how it works. For example, he isn’t sure how much he could borrow. “We are trying to figure it out, and trying to find a bank that is working with the government on this,” Haith said. “The guidance is pretty convoluted, and the banks seem a little wary.” Haith’s experience underscores banks’ surprising lack of interest in the Fed’s Main Street Lending program, as...
    PUTNEY, Vt. (AP) — Main Street in a Vermont town is going to be closed for construction during two weeks in July. The Brattleboro Reformer reports work has already begun on the Route 5 bridge over Sacketts Brook in Putney, but starting July 6, the road will be closed to remove the bridge’s concrete deck in preparation for installing a new one. During the two weeks of closure, drivers will be asked to use Interstate 91 to get around the closure. But some residents are concerned motorists might use Sand Hill Road instead. Putney Town Manager Karen Astley says the town’s contracted deputy from the Windham County Sheriff’s Department would be spending most if not all of his time monitoring the road for speed and weight loads. “We know how sensitive the Sand Hill area is,” she said. “We are going to try to minimize traffic the best we can.”...
    FORT WORTH (CBSDFW.COM) – After being postponed to the fall, organizers have decided to cancel the 2020 MAIN St. Arts Festival in Fort Worth due to increasing COVID-19 concerns. The annual festival was originally scheduled for April 16 through 19 but had to be moved to September in the midst of the pandemic. However, the ultimate decision to cancel the event was made Thursday. “It’s with a heavy heart that we’ve come to the difficult decision to cancel the 2020 MAIN ST. Fort Worth Arts Festival,” said Nina Petty, chairwoman of the Festivals and Events Committee for DFWII. “The safety and well-being of our festivalgoers, artists, entertainers, vendors, volunteers and sponsors remain our top priority, and we appreciate everyone’s continued support during these uncertain times.” North Texas — and the state — have seen a recent surge in COVID-19 cases and hospitalizations, with daily records being broken frequently. An online...
    Long-suffering stock market bears have to be eating up Thursday’s nasty action, with the Fed’s grim economic outlook and troubling coronavirus headlines sending the Dow DJIA, +1.90% down more than 1,800 points on its way to one of its worst showings in a long time. Leading up to the steep drop, John Hussman of Hussman Investment Trust HSTRX, -0.21% , who hasn’t shied away from addressing his misfires in recent years, once again offered up his gloomy take on the market’s prospects in his latest note to clients. “In the face of a breathtaking disconnect between Main Street and Wall Street, largely based on overconfidence in free money, my sense is that there remains a crisis ahead that will emerge ‘gradually, then suddenly,’” he wrote, referring to Ernest Hemingway’s famous quote from “The Sun Also Rises” about going bankrupt, “gradually, then suddenly.” Hussman singled out six widely held stocks,...
    WASHINGTON (AP) — The Federal Reserve is expanding the range of companies that will qualify for its soon-to-begin Main Street Lending Program, in which the Fed will lend directly to individual companies for the first time since the Great Depression. Under the changes announced Monday, the Fed will lower the minimum amount companies can borrow, from $500,000 to $250,000. And it’s raising the maximum loan, from $200 million to $300 million, for companies that want to expand existing loans. The Fed will also extend the program’s loan repayment period from four years to five. All told, the changes appear intended to make the Main Street loans more appealing to businesses and banks as they seek to recover from a deep recession. Smaller companies, many of which have endured severe damage from the shutdowns forced by the coronavirus, might now find the Main Street program more appealing. Borrowers will now be...
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