July 26, 2022 Building on Mayor’s Blueprint for Economic Recovery, New Funding Will Extend Program Providing Personal Assistance and Resources Through 2023 Program Has Already Connected More Than 10,000 Small Businesses With Grants, Loans, and Marketing Tools NEW YORK – New York City Mayor Eric Adams today announced a $1.5 […]
million
Governor Hochul Announces Corning Incorporated’s $139 Million Investment to Grow Operations in Monroe County
Headquartered in Corning, New York, the company is a large employer in New York with more than 7,000 employees across the state and approximately 62,000 worldwide. Empire State Development is assisting Corning with the planned expansion by providing up to $5 million in performance-based Excelsior Jobs Tax Credits in exchange […]
Owner of Technology Companies Arrested for Alleged $45 Million Investment Fraud Scheme Involving Over 10,000 Victims | OPA
A Nevada man was arrested today in Los Angeles for an alleged investment fraud scheme that defrauded more than 10,000 victims of over $45 million. A federal grand jury in the District of Nebraska previously returned an indictment on June 14 charging the man, which was unsealed today in Omaha. […]
USDA Invests $770 Million to Expand Market Opportunities for Rural Businesses and People in 36 States and Puerto Rico
WASHINGTON, May 24, 2022 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced that the Department is investing $770 million to help create new and better market opportunities (PDF, 366 KB) for rural businesses and people in 36 states and Puerto Rico. The investments include $640 million for […]
FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers
The Federal Trade Commission has taken action against Financial Education Services and its owners, Parimal Naik, Michael Toloff, Christopher Toloff and Gerald Thompson, as well as a number of related companies, for scamming consumers out of more than $213 million. In response to a complaint filed by the FTC, a […]
Kate Tiedemann, Ellen Cotton give $14 million to enhance USF finance program I USF News
The University of South Florida today announced new gifts totaling $14 million from St. Petersburg philanthropists Kate Tiedemann and Ellen Cotton that will support the USF Muma College of Business’ vision to become a “hub of excellence” in fintech. Fintech, short for “financial technology,” aims to improve traditional methods of […]
LinkSquares Secures $100 Million in Series C Funding Led by G Squared
Funds will accelerate company’s vision to serve as the singular hub for legal teams BOSTON, April 04, 2022–(BUSINESS WIRE)–LinkSquares, the company behind the AI-powered contract management platform of choice, today announced it has raised $100 million in Series C financing led by G Squared, with participation from new investor G2 […]
Ex-finance chief ordered to return $4.7 million she stole from children’s charity to buy fleet of planes, houses and a Corvette
The former finance director at a West Virginia children’s charity had been ordered to pay back $4.7 million she stole from the nonprofit and used to buy a fleet of airplanes, a lakeshore house and a Corvette. Ruth Marie Phillips, 69, pleaded guilty in September 2021 and was sentenced to […]
Pittsburgh’s URA wants to invest $5 million in minority- and women-owned businesses
Pittsburgh ranks dead last among 50 metro areas nationwide when it comes to the percentage of businesses owned by a Black entrepreneur, according to a February 2022 analysis from online borrowing platform LendingTree. And a key reason, observers say, is that minority-and women-owned businesses lack access to capital. Pittsburgh’s Urban […]