ReportWire

Tag: Small business

  • California’s tortilla bill threatens to flatten small businesses

    California’s tortilla bill threatens to flatten small businesses

    [ad_1]

    California famously became the first state to ban foie gras in 2004. Now, the Golden State is targeting another culinary tradition: the handmade tortilla. A new bill in Sacramento, if passed, would mandate adding folic acid to corn masa flour. Pushed under the auspices of public health, the costs of this well-intentioned idea—as always—will disproportionately fall on small businesses. 

    Assembly Bill 1830, introduced by Assemblymember Joaquin Arambula (D–Fresno), would require all masa manufacturers to fortify their products with folic acid. This will affect producers of tortillas, as well as producers of pupusas, tamales, and taco shells, to name just a few. 

    The rationale is based on research showing that the ingestion of folic acid by women of reproductive age can reduce neural tube birth defects, such as spina bifida and anencephaly. 

    Since 1998, the U.S. Food and Drug Administration (FDA) has mandated folic acid fortification in enriched flours, which has resulted in a 35 percent reduction in neural tube birth defects, according to data from the Centers for Disease Control and Prevention (CDC).

    However, the FDA mandate does not apply to unenriched grain or corn masa flour. Evidence suggests that Latina mothers have lower folic acid intake than other demographics, resulting in higher rates of birth defects. California Department of Public Health data show only 28 percent of Latinas reported taking folic acid before pregnancy, compared to 46 percent of white women. A 2009 CDC study suggested that mandatory fortification of masa could boost folic acid intake by up to 20 percent among Mexican Americans. 

    In 2016, the FDA implemented rules that allowed producers of masa flour to voluntarily add folic acid to their products. A 2023 report by the Center for Science in the Public Interest found that only 14 percent of masa products contained folic acid, prompting calls for mandatory fortification. 

    Earlier this year, Health and Human Services Secretary Xavier Becerra held a roundtable on the topic of corn masa fortification—an event that was predominantly attended by trade associations and megaretailers—signaling that the federal government may be getting ready to make a move. In the meantime, California lawmakers have decided to move forward with their own mandate.

    The costs of government mandates always fall most heavily on small businesses and entrepreneurs. Los Angeles Times columnist Gustavo Arellano reports that small-batch tortilla makers—like La Princesita Tortilleria in East Los Angeles—are starting to panic. La Princesita uses the nixtamalization method (involving only corn masa, water, and lime), a culinary heritage that dates back millennia.

    Arellano, who likens the taste of mass-produced corn tortillas found in most grocery stores to “the lickable part of an envelope,” conducted a blind taste test of La Princesita’s traditional tortillas alongside the same tortillas with folic acid. He immediately tasted the difference, with the folic acid version having a distinct but unidentifiable lingering taste, as well as a more rubbery texture while being chewed. La Princesita ran the same test with its employees, who concurred in the inferior taste—not to mention color—of the folic acid version.

    “The danger is that tortilla makers who make it the traditional way lose their market advantage over others,” Arellano wrote in an email exchange. “That would definitely have an impact on their bottom line, but even worse is the cultural impact. Imagine you practice a foodways that goes back thousands of years, then [are] told by the government you can’t do it anymore? Cultural imperialism at its worst!”

    Few dispute the public health benefits of preventing birth defects, but whether folic acid fortification of masa is the best solution is debatable. Neither the U.S. nor California requires folic acid to be added to unenriched flour, underscoring the arbitrary nature of this mandate. Artisanal bakeries using heirloom grain in the Golden State—which are often frequented by gentrifying hipsters, and other high-income demographics—are effectively exempted from worrying about folic acid fortification at all. 

    Arellano argues that targeting masa is presumptive, given that studies have shown Latinos in the U.S. consume more flour tortillas, which are already fortified, than corn tortillas. “If the bill wants to truly tackle health inequities,” Arellano says, “they would take a holistic approach, not one so arbitrarily—and stereotypically—narrow.”

    Alternatives to masa flour fortification exist. It could also be added to salt (not that that should be mandated either), which is already a long-established vehicle for iodine and iron fortification. There could also be more public education on the importance of folic acid for pregnant mothers, along with encouraging women of reproductive age to consider eating more foods rich in folic acid or taking Vitamin B9 supplements. 

    For their part, East Los Angeles tortilla makers are advocating for an exemption for restaurants or small-batch producers. Lawmakers could also consider exemptions for producers below a certain threshold, leaving the mandate compliance and costs to Big Tortilla. La Princesita would even settle for being permitted to make a specific product line of tortillas with folic acid, while also maintaining a line of its original-recipe tortillas. But at least so far, California lawmakers don’t seem inclined to #SaveTheTortilla.

    [ad_2]

    C. Jarrett Dieterle

    Source link

  • Small business clients look to Chase for data insights | Bank Automation News

    Small business clients look to Chase for data insights | Bank Automation News

    [ad_1]

    Small business clients looking to make data-driven business decisions within their operations don’t always know how to tap into their data, but JPMorgan Chase has created a solution to deliver these insights.  “Eighty-two percent of small businesses tell us that they want to use data, and they’re likely to use data in their business decision-making […]

    [ad_2]

    Whitney McDonald

    Source link

  • Great Barrington business suffers cybercrime attack

    Great Barrington business suffers cybercrime attack

    [ad_1]

    GREAT BARRINGTON, Mass. (NEWS10) — A small business in the Berkshires was the victim of the growing cyber-crime known as social engineering. The business lost a significant amount of money that cannot be recouped.

    “We can’t function without the fabric and without the money we can’t buy the fabric,” said Molly De St Andre.

    Aurelien and Molly De St Andre own a children’s clothing store and they told NEWS10 the pandemic put supply chain issues in the spotlight which made them search far and wide for fabric. Online communication struck most of the trouble during this time.

    “I was corresponding with my rep as I always do, and we have a good relationship. I did not realize that over time another person had hacked into their system and was posing as my rep,” said De St Andre.

    She tells NEWS10 after several conversations she was given an official invoice, totaling nearly $40,000, from the person she thought was her rep. “The invoice that we took to the bank had fraudulent details on it and it went straight to the scammer. And we didn’t even know that for a month and a half,” said De St Andre.

    They thought they were covered by insurance. “He told us we’re covered for cyber-crimes; we’re looking into this tiny clause in our insurance that basically made it impossible, it made them unwilling to cover this,” said De St Andre.

    But help came from another source. On Railroad Street in Great Barrington the small businesses are coming together to support one of their own. “We’re watching out for each other and truly the expression of the rising tide lifts all boats, if one of us goes down, it only hurts our town in general,” said Mary Daire, owner Daire Bottle Shop and Provisions.

    The business owner says she wants to let as many other business owners, as she can, know what to look out for . “Honestly you know, like if this could happen to us and we are so careful, this literally could happen to anyone,” said De St Andre.

    One of those businesses helping De St Andre learned a few things as well when it comes to safe business practices. “We talked with our insurance agent to get more robust cyber insurance. We didn’t even realize that was something that would affect a small business such as ours.  We’re not even doing sales over the internet but the sophistication level of these scams these days you can never be too safe,” said Alex Cosgrove, Co-founder Greenhouse Yoga.  

    The 2023 FBI internet crime report says cyber-crime victims’ losses exceed $12.5 billion, a 22% increase from 2022. 

    A GoFundMe has been set up to help offset the costs of the scam.

    [ad_2]

    James De La Fuente

    Source link

  • Palo Alto’s 38-year-old Jing Jing Gourmet restaurant is closing down

    Palo Alto’s 38-year-old Jing Jing Gourmet restaurant is closing down

    [ad_1]

    After 38 years in business, Jing Jing Gourmet, Palo Alto’s much-loved Szechuan and Hunan restaurant, is set to close its doors this Sunday, May 19.

    “The expenses are too much for us,” said restaurant manager Betty Tsai, daughter of restaurant owner Susan Tsai.

    In recent years, the cost of rent, labor and materials increased while customers’ dining habits shifted, as fewer people commuted to work nearby, she says.

    The restaurant’s lease ends at the end of May. The plan is for the business to find a new location nearby — potentially in Mountain View, Sunnyvale or Santa Clara — and focus on takeout, delivery and catering services, Tsai says.

    “We want to express our deepest thanks for your patronage over the years,” the Tsai family announced on the restaurant’s website. “It has been an honor serving this community for 38 years, and we are so grateful for your support and friendship.”

    [ad_2]

    Kate Bradshaw

    Source link

  • San Francisco man’s biotech detour led to pub crawl career

    San Francisco man’s biotech detour led to pub crawl career

    [ad_1]

    SAN FRANCISCO —  A San Francisco man has found success in an unexpected field and he’s helping local businesses survive.

    Matt Seliga once had his sights set on medical school.

    “I graduated college then moved to Baltimore,” he said. “I was working at Center for Disease Research which was at John Hopkins. Basically it’s DNA testing.”

    He sent resumes all over the world to explore life outside his home state of Pennsylvania and ended up moving to San Francisco for a biotech job.

    That was not the end of his journey.

    Now he’s top dog in the world of pub crawls in San Francisco. He had long taken side jobs such as bartending to try to make new friends outside the biotech world. The idea of a pub crawl business came to him after he went on one in Washington D.C. Seliga admits the first 10 years were tough as he tried to build his business, Crawl SF.

    “I went out every night and just went to every bar in every neighborhood and talked to people,” Seliga said. “I must’ve looked ridiculous.”

    Pub Crawl Organizers
    Matt and Caitlin Seliga organize pub crawls in San Francisco.

    KPIX


    Crawl SF is in its 20th year. Seliga holds numerous events throughout the year but the wildest pub crawls happen during celebrations such as St. Patrick’s Day and Halloween. He sells tickets then his clients get wristbands which help them get cheaper drinks at participating bars.

    “Halloween in 2022 was our largest event ever,” Seliga said. “We were actually talking to the Guinness Book of World Records. We didn’t actually end up going through the whole process to get them to come out and verify everything. The world record was 4,000 something but we had more than 14,000 people.”

    Seliga built a family business from the ground up. His sister helps with planning and executing the events and his wife handles a lot of the marketing.

    “He has so many ideas and he actually brings them to life and it’s been really, really cool,” Caitlin Seliga said. “We’ve done a lot of fun things together.”

    And the family is growing.

    Caitlin and Matt are expecting their first child next month and that means more ideas have started to float around Matt’s head.

    “To go along with my child on the way, we’re actually looking into the concept of doing kid crawls,” he said. “Obviously they’re not going to be drinking.”

    Seliga is thinking about creating a safe place for families to take their kids to celebrate days like Halloween.

    Crawl SF and biotech couldn’t be more different but Seliga is enjoying life being his own boss and doing something that he loves.

    [ad_2]

    Andrea Nakano

    Source link

  • How a local mom found affordable, custom furniture and transformed her home

    How a local mom found affordable, custom furniture and transformed her home

    [ad_1]

    HOUSTONBrittany Franklin is a busy mom. Her daughter Stevie just turned one year old, she runs local non-profit Sky High for Kids, and although she and her husband had discussed moving to another house once their baby was born, they decided they wanted to make their current home work better for them.

    First, they tackled their living room — the main gathering space for their family and friends.

    “We for so long had two big chairs and a small couch, and it just made the room very crowded,” said Franklin, who worked with the design team at Living Designs Furniture to help her vision come to life.

    Now, Franklin has an oversized sofa with two moveable ottomans so she has enough seating that a large sectional would have provided, but the flexibility to adjust the furniture based on her needs. The result? A more open, usable space.

    “Now we have so much space and we can gather,” said Franklin.

    The fabric she chose is a beautiful, stain-resistant Crypton that will stay looking new for years to come.

    In addition to upgrading her living area, Franklin designed furniture for her bedroom, guest room, dining room, kitchen nook, and sitting area — giving her entire house a more beautiful, livable feeling. Watch the full video to see the result.

    Right now, you can schedule a free, one on one design consultation by visiting LivingDesignsFurniture.com or by calling 713-921-5098. You can also get 20% off at Living Designs Furniture and at Texas Mattress Makers by using Brittany Franklin’s code: Brittany’s Crew.

    Copyright 2024 by KPRC Click2Houston – All rights reserved.

    [ad_2]

    Source link

  • Possible TikTok ban leaves some small businesses concerned for their survival

    Possible TikTok ban leaves some small businesses concerned for their survival

    [ad_1]

    With the clock ticking on TikTok in the U.S., millions of users, including small business owners, are scrambling to figure out what to do.

    One of them is Brandon Hurst, who says TikTok has changed his life through his plant delivery business.

    “It allows me to go live, share who I am, but it also makes it easy for people to buy,” Hurst said. 

    Since he started selling plants on TikTok last year, Hurst, better known as “Brandon the Plant Guy,” says he has tripled his business.

    “In the last year we’ve been able to sell 57,000 (plants),” Hurst said.

    His company is one of seven million small businesses on TikTok, the social media platform alleges. TikTok also claims it supports more than 224,000 American jobs.

    “I have friends and family members that work for me and help package plants and orders,” Hurst said. “So this goes beyond just me now. This is a team of eight other people that would lose their jobs.”

    The TikTok ban was signed into law Wednesday by President Biden as part of a $95 billion foreign aid package. Under the new law, ByteDance, TikTok’s Chinese-based owner, has nine to 12 months to sell the platform to an American owner, or TikTok faces being banned in the U.S.

    A ban would force scores of entrepreneurs to look for a new home. Meanwhile, TikTok plans to file a lawsuit over the ban in federal court.

    “One of the reasons that TikTok has become so popular among small businesses is because it has an ability, unlike any other platform, to send products flying off the physical and virtual shelves,” Jasmine Enberg, an analyst for the data firm eMarketer, told CBS News.

    Enberg believes Meta would be “one of the biggest beneficiaries” of a TikTok ban.

    “Instagram Reels is the most natural fit,” to replace TikTok, Enberg said. “It isn’t exactly the same. You can replicate the technology, but you can’t replicate the culture.”

    So where would Hurst pivot his social media business in the event of a TikTok ban.

    “I’m on Instagram, I’ve been doing business on other platforms,” Hurst said. “…There’s just not that many places you can live sell. So I haven’t thought about it yet, to be honest. I’m not sure…what we would do.”

    [ad_2]

    Source link

  • Grant money available for small businesses on two changing Prince George’s Co. corridors – WTOP News

    Grant money available for small businesses on two changing Prince George’s Co. corridors – WTOP News

    [ad_1]

    Small businesses trying to survive, or thrive, amidst all the upheaval might be eligible for new grant money opening up next week.

    Alexander Austin of the Prince George’s County Chamber of Commerce (left), Jermaine Johnson of PNC Bank, Tonia Wellons of the GWCF, and David Iannucci of the Prince George’s County Economic Development Corporation (center).(WTOP/John Domen)

    The changes and disruptions on the Purple Line corridor have been grueling, and seemingly never-ending. Soon, big changes are in the works along the Blue Line corridor too. Small businesses trying to survive, or thrive, amidst all the upheaval might be eligible for new grant money opening up next week.

    On Monday, the Greater Washington Community Foundation will begin accepting applications from small businesses for grants up to $20,000.

    “It is for businesses that are 10 or fewer people, $5 million or less in terms of revenue,” said Tonia Wellons, the president and CEO of the foundation, which announced the grant through a $500,000 donation from PNC Bank on Thursday. “The grant is to really help improve the economic vitality … and improve business performance for small businesses.”

    Businesses also need to be at least three years old, and priority will be given to owners in low to moderately low-income parts of the Blue and Purple Line corridors. The grant money can be used to help cover capital improvement costs, operational costs or other infrastructure needs that might exist.

    Qualifications needed to apply to the GWCF’s small business grants. (WTOP/John Domen)

    Wellons expects it’ll be a competitive process and that not every business that’s eligible will be selected, she said. Those that are eligible will have to make a compelling case.

    “We know that along the Purple Line, there’s a lot of construction right now. Those businesses are really having a tough time making it,” Wellons said. “They get to make the case around how this investment can help them manage through the construction process, to be able to survive and benefit once the construction is complete.”

    The case is different for the businesses along the Blue Line corridor, she said.

    “That development is in the making now,” Wellons said. “Now they really get to bolster their businesses so as that corridor is developing, they can benefit.”

    Jermaine Johnson, the D.C.-area regional president for PNC Bank, said it was a chance to work with small and minority-owned businesses in a manner they don’t often get to do.

    “It can be very difficult with the regulatory guidelines that we have as a big bank,” Johnson said. “These are entrepreneurs, early stage companies that traditionally wouldn’t have access to a bank like PNC. And through these funds, we can provide that access.”

    When the program launches Monday, businesses will have until May 13 to apply for the grants.

    Get breaking news and daily headlines delivered to your email inbox by signing up here.

    © 2024 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

    [ad_2]

    John Domen

    Source link

  • New Hampshire donut censorship and the ‘speech police’: Local bakery sues over ruling that student-painted mural was advertising, not art

    New Hampshire donut censorship and the ‘speech police’: Local bakery sues over ruling that student-painted mural was advertising, not art

    [ad_1]

    A New Hampshire town’s new ordinance that was pitched as “a path forward” for public artwork hasn’t resolved a bakery owner’s First Amendment dispute over a large pastry painting, and his lawyer predicts it will only lead to more litigation as town officials become “speech police.”

    Conway residents passed the ordinance by a vote of 1,277 to 423 during town elections Tuesday, part of a lengthy ballot for budget and spending items and picking government positions, such as selectboard, treasurer, and police commissioner.

    The vote came more than a year after the owner of Leavitt’s Country Bakery sued the town over a painting by high school students that’s displayed across his storefront, showing the sun shining over a mountain range made of sprinkle-covered chocolate and strawberry doughnuts, a blueberry muffin, a cinnamon roll and other pastries.

    The zoning board decided that the painting was not so much art as advertising, and so could not remain as is because of its size. At about 90 square feet (8.6 square meters), it’s four times bigger than the town’s sign code allows.

    The new ordinance requires applicants to meet criteria for art on public and commercial property. It says that while the zoning and planning boards must approve the appropriateness of theme, location, and design before the selectboard considers each proposal, the process should make “no intrusion into the artistic expression or the content of work.”

    “There’s no part of writing that where we try to limit any kind of speech,” Planning Board Chairperson Benjamin Colbath said at a March 28 meeting. “We did try to carefully write that and certainly took inspiration from what a lot of other communities are doing as well, as well as confirm with counsel on that one.”

    A lawyer for the bakery had urged voters to reject the ordinance.

    “Typically, people get to decide whether to speak or not; they don’t have to ask the government ‘pretty please’ first,” Robert Frommer wrote last week in the Conway Daily Sun.

    “All commercial property owners would have to get permission before putting up any sort of public art in town,” Frommer wrote, and town officials can “deny murals because of what they depict, or who put them up.”

    Sean Young, the bakery owner, said he was voting NO: “Local officials don’t get to play art critic.”

    Young sued after town officials told him the painting could stay if it showed actual mountains — instead of pastries suggesting mountains — or if the building wasn’t a bakery.

    Young’s lawsuit was paused last year as residents considered revising how the town defines signs, in a way that would have allowed the sign to stay up. But that measure was seen as too broad and complex, and it failed to pass.

    The mural remains in place for now, as his case heads to trial this November.

    Frommer told The Associated Press in an email that the town hasn’t said whether the new ordinance will impact Leavitt’s mural, “and if Sean wanted to paint a different mural with the high school students at any of his businesses, he would have to jump through the ordinance’s unconstitutional hoops.”

    The town’s attorney didn’t immediately respond to an emailed request for comment on Wednesday.

    When Colbath discussed the ordinance at last month’s meeting, he painted it as a way to facilitate more public art in town.

    “There was a hole in our ordinance and I wanted to try to make it clear and an easier path forward for community art,” he said.

    Subscribe to the CEO Daily newsletter to get the CEO perspective on the biggest headlines in business. Sign up for free.

    [ad_2]

    Kathy McCormack, The Associated Press

    Source link

  • Woof Gang Bakery & Grooming in Oakville | Grand Opening – Pet Photography in Toronto by Posh Pets Photography

    Woof Gang Bakery & Grooming in Oakville | Grand Opening – Pet Photography in Toronto by Posh Pets Photography

    [ad_1]

    This past Saturday Woof Gang Bakery and Grooming celebrated their Grand Opening. Did you know that this is the first Woof Gang to open in Canada? Yep! And what a party it was!

    A dog photo booth – woof!

    We set up a little photobooth in the front window of the store and photographed all the pups that came in for a visit. There were puppies, seniors and everything in between.

    Congratulations to Tanuj and her team on a wonderful event – a great way to spend a Saturday afternoon!

    Follow us on Instagram to see the BTS.

    [ad_2]

    Karen Weiler

    Source link

  • Eye on America: Small business tries four-day work week

    Eye on America: Small business tries four-day work week

    [ad_1]

    Eye on America: Small business tries four-day work week – CBS News


    Watch CBS News



    In Louisiana, we learn how a devastating drought has greatly diminished the area’s crawfish supply. Then in Ohio, we tour a small business that’s seeing promising results from a four-day work week model. Watch these stories and more on Eye on America with host Michelle Miller.

    Be the first to know

    Get browser notifications for breaking news, live events, and exclusive reporting.


    [ad_2]

    Source link

  • Old Town vegan bakery targeted in second burglary | VIDEO

    Old Town vegan bakery targeted in second burglary | VIDEO

    [ad_1]

    ByABC7 Chicago Digital Team

    Thursday, March 21, 2024 3:57AM

    Burglar breaks into vegan bakery in Old Town | VIDEO

    The owner of Sweet Vegan Bakes on North Avenue in Old Town is concerned after a burglar targeted her small business for a second time.

    CHICAGO (WLS) — After being targeted in a second burglary, the owner of an Old Town bakery is dealing with thousands in losses and damages.

    Surveillance video from “Sweet Vegan Bakes” on West North Avenue shows the recent.

    A burglar shatters the glass door before making off with the cash register and other equipment.

    The bakery’s owner says she’s frustrated.

    She said she plans to keep the business doors locked during operating hours moving forward, and she will be letting customers in as they arrive.

    No further information from Chicago police about the crime was immediately available.

    Copyright © 2024 WLS-TV. All Rights Reserved.

    [ad_2]

    WLS

    Source link

  • ‘Visit Occoquan’ launches local gift card program for Prince William County’s small businesses – WTOP News

    ‘Visit Occoquan’ launches local gift card program for Prince William County’s small businesses – WTOP News

    [ad_1]

    The free program is open to all Occoquan businesses and includes shops, restaurants, service providers and online retailers.

    This article was republished with permission from WTOP’s news partner InsideNoVa.com. Sign up for InsideNoVa.com’s free email subscription today.

    Courtesy, Visit Occoquan

    The nonprofit Visit Occoquan is launching a new shop local program to support the independent small businesses in the town of Occoquan.

    The new Visit Occoquan Gift Card is a Mastercard gift card that will work at all participating businesses in town, according to a news release.

    “The beauty of this gift card is in its diversity,” Sarah Burzio, vice president of Visit Occoquan, said in the release. “You’re supporting small businesses in Occoquan, while giving the recipient of the card the flexibility of where to shop and dine. It’s a great way for people to support the local economy and the families who own and run businesses in town.”

    Shop small supporters can purchase Visit Occoquan Gift Cards by visiting visitoccoquanva.com/giftcard. They will see a listing of local businesses that accept the card plus business contact information, a map with pin locations and an online order form.

    Gift cards can be purchased as virtual e-cards for immediate access on phones and computers or through a traditional plastic card mailed to the recipient. Both options run like a credit card, making it easy for customers and businesses to participate in the program, according to the release.

    Bulk orders for companies or individuals who need to purchase larger amounts are also available.

    “Many local employers want to do something nice for their employees but end up settling on gift cards from large companies, because they’re overwhelmed with which single local business to choose,” Burzio said. “Now we have the perfect option that supports tons of small businesses, with one convenient purchase.”

    The free program is open to all Occoquan businesses and includes shops, restaurants, service providers and online retailers.

    [ad_2]

    Ivy Lyons

    Source link

  • Financial hardship led ex-funeral home owner to stash cremated human remains in temporary urns and may have led mixups of ashes, police say

    Financial hardship led ex-funeral home owner to stash cremated human remains in temporary urns and may have led mixups of ashes, police say

    [ad_1]

    A financially troubled former funeral home owner kept a deceased woman’s body in a hearse for two years at a house where police also found the cremated remains of at least 30 people, authorities said Friday in the latest case to underscore lax oversight of Colorado’s funeral industry.

    The grisly discovery occurred Feb. 6 during a court-ordered eviction of a house rented by Miles Harford, the 33-year-old owner of Apollo Funeral and Cremation Services in the Denver suburb of Littleton, police said. It had been closed since September 2022.

    “Mr. Harford appears to have experienced financial trouble in his business. At times he was not able to complete cremations to provide remains to families for services,” Denver Police Cmdr. Matt Clark said Friday. He said on occasion, Harford might have provided family members with another person’s ashes instead of the ashes of their loved ones.

    Temporary urns — plastic boxes the size of a shoe box — were found in the crawl space of the house while a Denver sheriff’s deputy oversaw the removal of Harford’s belongings, Clark said. Some of the boxes were empty.

    Other urns were found in a moving truck parked outside and still others were in a hearse, where investigators found the woman’s body covered with blankets, Clark said. Harford said she died in August of 2022.

    The recovered cremains appear to be associated with individuals who passed away between 2012 and 2021, he said.

    Authorities have been in contact with Harford and an arrest warrant was issued for him Friday. He’s believed to be in the Denver area and police were “working to facilitate his arrest,” Clark said, adding that Harford has been cooperative with investigators.

    Former customer Crystallyn Nunez said it took months to get the ashes of her grandfather and father back from Harford after they died in 2021.

    Repeated phone calls and texts were met with a series of excuses, she said. Harford at one point said he was in a car crash while transporting the remains, then later claimed his mother had gotten into an accident while trying to deliver them, Nunez said. When the family offered to come pick them up, Harford danced around the issue, she said.

    She got her grandfather’s ashes after a few months and her father’s ashes after nearly a year, but never received necklaces containing their remains that the family had paid for, she said. Nunez said her family already had doubts that they had received the correct remains. The discovery at Harford’s house only reinforced those fears.

    “It’s making our whole family question whether or not everything was done the correct way,” said Nunez. Her family has contacted police to determine if they have the correct remains.

    The discovery is the latest in a string of horrific cases involving funeral home operators in Colorado, which has some of the weakest oversight of the funeral industry in the nation. The state has no routine inspections of funeral homes or qualification requirements for operators.

    A married couple is awaiting trial in Colorado Springs following their arrest last year for allegedly abandoning almost 200 bodies over several years inside a bug-infested facility and giving fake ashes to family members of the deceased. The operators of another funeral home in the western Colorado city of Montrose received federal prison sentences last year for mail fraud after they were accused of selling body parts and distributing fake ashes.

    More than two dozen additional criminal cases and complaints involving Colorado funeral homes since 2007 were detailed in a January report to lawmakers from state regulators. The cases included bodies being mishandled, thefts of personal effects, improper embalming of bodies, mislabeled remains and remains never returned to families. The report concluded that additional regulation for the industry was “necessary to protect the public.”

    Harford is expected to be charged with abuse of a corpse, forgery of the death certificate and theft of the money paid for the cremation. Other charges are possible as the investigation continues, said Denver District Attorney Beth McCann.

    No voicemail was set up on a telephone number listed for Harford. He also did not immediately respond to emails seeking comment.

    Clark said Harford acknowledged to police that he owed money to several crematories in the area and none would cremate the 63-year-old woman’s body, so he decided to store her body in the hearse. Her family told investigators they were given what they believed were the woman’s ashes, which have been turned over to the Office of the Medical Examiner.

    The family is devastated, Clark said.

    “They’re shocked. They were hurt by this,” he said. “They believed that they were processing their grief with the remains that they had and had had services with that. And then they come to find out that that was not the person that was processed, and in fact, she was being held in that hearse there.”

    The other cremains found on the property appear to have been professionally cremated, officials said. Investigators are checking labels on the cremains and state databases and meeting with families.

    “As you can imagine, these are extremely difficult conversations to have and the information comes as a shock to many of the families, several of whom believed they had the entire remains of their loved one,” Clark said.

    State licensing records show no discipline or board actions for Apollo Funeral and Cremation Services, which was licensed from March 2012 through May 2022.

    In 2018, Harford and his company were sued by another funeral home company and ordered to pay about $27,000 for unspecified services the other home provided, according to court records. The same company, Kansas-based Wilbert Funeral Services, sued Harford and the company again in 2021, saying Harford owed nearly $9,000. That case is still pending.

    Last year, a woman who said she was Harford’s former employer sought a court order to keep him away from her over alleged harassment. In her application, she said she had paid Harford to cremate two of her pets but he didn’t return them to her. There’s no indication in court records that the order was granted.

    Associated Press reporter Thomas Peipert contributed to this story.

    Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

    [ad_2]

    Amy Beth Hanson, Colleen Slevin, The Associated Press

    Source link

  • Microsoft and others are making new tools to help small businesses capitalize on A.I.

    Microsoft and others are making new tools to help small businesses capitalize on A.I.

    [ad_1]

    NEW YORK — NEW YORK (AP) —

    The influx of generative artificial intelligence software is transforming small businesses.

    Small business owners are using A.I. tools like OpenAI’s ChatGPT, Google’s Bard and others to check grammar in emails, punch up marketing copy and research business plans.

    What’s more, bigger companies are developing tools specifically to help small businesses integrate A.I. into their operations in more advanced ways.

    Microsoft’s Copilot lets users ask software to perform tasks like summarize an email or a Teams meeting, come up with key themes in a document, or draft emails in a conversational tone in Outlook.

    The service, which costs $30-a-month per employee, was recently expanded from companies with at least 300 employees to all companies, so smaller businesses — even “solopreneurs” with no employees — can use Copilot for Microsoft 365.

    Meanwhile, MasterCard is piloting a product called MasterCard Small Business A.I., aimed at helping small business owners analyze data and offer other resources to help grow their business.

    It uses information from MasterCard’s content library as well as information licensed from media companies focused on inclusivity, including digital media company Blavity Media Group and Spanish-language media company TelevisaUnivision, to answer small business owners’ queries.

    Mastercard plans to pilot the tool in the U.S. later this year, with international markets to follow.

    [ad_2]

    Source link

  • States expand low-interest loan programs for farms, businesses and new housing

    States expand low-interest loan programs for farms, businesses and new housing

    [ad_1]

    JEFFERSON CITY, Mo. — On the first business day of the new year, Missouri Treasurer Vivek Malek began accepting applications for about $120 million of state-subsidized, low-interest loans to small businesses, farmers and affordable housing developers.

    Within six hours, Malek had so many requests for the money that he had to cut off applications.

    “The demand is huge, and it is real,” Malek said.

    Missouri’s situation, though extreme, is not entirely unique. From New York to Illinois to Montana, states have seen surging public interest in little-known programs that use state funds to spur private investment with bargain-priced loans. The programs have taken off after a series of key interest rate hikes by the Federal Reserve made virtually all loans more expansive, whether for farmers purchasing seed or businesses wanting to expand.

    To combat inflation in consumer prices, the Fed raised its benchmark interest rate 11 times from March 2022 to last July, setting it at a two-decade high.

    Under so-called linked-deposit programs, states deposit money in banks at below-market interest rates. Banks then leverage those funds to provide short-term, low-interest loans to particular borrowers, often in agriculture or small business. The programs can save thousands of dollars for borrowers by reducing their interest rates by an average 2-3 percentage points.

    States typically cap the amount of money available for such discounted rates at either a flat dollar amount or a percentage of their total fund balances, because the programs result in less earnings for the state. Many states have built large surpluses from pandemic-era revenues, meaning they have more money available to deposit in banks.

    Though most states don’t currently offer such programs, some that shelved them when interest rates were low are now considering whether to revive them to aid financially-strapped businesses and residents.

    “I can say in talks with other state treasurers that there is a definite increased interest in treasury money, whether that is through a linked-deposit program or a different vehicle,” said Illinois Treasurer Michael Frerichs, who is president of the National Association of State Treasurers.

    Illinois has nearly $950 million of deposits linked to low-interest loans for farmers, businesses and individuals. That’s up substantially from past years. In 2015, Frerichs said, the state’s agricultural investment program had just two low-interest loans. By 2022, that had grown to $51 million of loans. Last year, Illinois made $667 million of low-rate deposits for agricultural loans.

    With rising demand, Frerichs recently raised the program’s overall cap from $1 billion to $1.5 billion.

    Though smaller in scope, New York’s program also has seen an explosion of applicants.

    In 2022, New York had 42 applications for state deposits in financial institutions linked to $20 million in low-interest loans. Last year, that rose to 317 applications linked to more than $220 million of loans, said Rafael Salaberrios, a senior vice president who manages capital access programs at Empire State Development, New York’s economic development agency.

    “As the banks see the benefit, they are inundating us with applications — and that’s a good thing,” Salaberrios said. He added: “The linked deposit has allowed for the growth of small businesses to continue even during these high (interest) rate environments.”

    Because of rising demand, Missouri’s linked-deposit loan program neared its statutory cap of $800 million last May. After some existing loans expired, the treasurer’s office was able to reopen applications at 10 a.m. on Jan. 2. By 4 p.m. that day, it had approached the cap again — receiving 142 applications totaling over $119 million — and closed the application window.

    About half the applications came on behalf of customers of just two financial institutions — OakStar Bank and FCS Financial, a leading agricultural lender. FCS Financial had over 100 additional applications in line to submit when applications were cut off, said Brian Zimmerschied, vice president for its commercial crop lending team.

    BTC Bank in rural Bethany, Missouri, had planned to turn in about dozen applications on behalf of its customers. But it missed out entirely because of the quick cutoff, bank CEO Doug Fish said.

    Among those left disappointed was Jason Bernard, a farmer near Bethany who had hoped for a low-interest loan to help purchase this year’s supply of seed, fertilizer and chemical spray.

    With higher interest rates, “it’s a lot harder to make it, just because your payments,” Bernard said.

    The Missouri treasurer’s office is backing legislation to raise the program’s cap from $800 million to $1.2 billion, which would mark a 50% increase in capacity. The expansion could cost the state $12 million of potential earnings, though that could be partly offset by the economic activity generated from those loans, according to a legislative fiscal analysis.

    In Montana, lawmakers last year authorized a new program to address a shortage of affordable housing. The Montana Board of Investments launched a linked-deposit loan initiative in October that received $77 million of applications within two months, reaching a self-imposed cap and forcing it to close applications sooner than expected.

    Republican state Rep. Mike Hopkins, who sponsored the housing incentive legislation, was thrilled with the response.

    “We’re in a bit of a jam in the state of Montana” for affordable housing, Hopkins said, and “we were able to get money out the door as quickly as possible.”

    Officials in Iowa, Kansas and Ohio also told the AP they had increased demand for programs that deposit state money in banks to provide low-interest loans. The number of such loan recipients in Kansas tripled from 2022 to 2023. In Ohio, the amount of money provided for those loans rose by two-thirds during that time, to more than $600 million.

    Oklahoma’s linked-deposit program has been dormant since 2010 amid low interest rates, but at least two banks recently contacted the treasurer’s office about the possibility of restarting it, said Deputy Treasurer Jordan Harvey.

    Texas Agriculture Commissioner Sid Miller said he hadn’t approved any linked deposits for low-interest loans since taking office in 2015 — until last year, when he approved his first two.

    “There wasn’t much need because interest rates were cheap,” Miller said.

    “But now that the rates are up,” Miller added, “it could be a viable program, and we could help some people.”

    [ad_2]

    Source link

  • Grasshopper, Mantl to launch small business product | Bank Automation News

    Grasshopper, Mantl to launch small business product | Bank Automation News

    [ad_1]

    Grasshopper Bank is working with account origination solution provider Mantl to make credit more easily available to the bank’s small business clients.   The New York-based digital bank’s clients asked for a simpler way to access credit in “a more efficient, technology-oriented way,” Grasshopper Bank Chief Executive Mike Butler told Bank Automation News.  This year the […]

    [ad_2]

    Whitney McDonald

    Source link

  • How are you taxed when you sell a small business? – MoneySense

    How are you taxed when you sell a small business? – MoneySense

    [ad_1]

    I will focus on the income tax implications of the sale. The tax treatment will vary depending upon whether your business was a sole proprietorship or a corporation. 

    What you can sell as the owner of an unincorporated business and the tax implications

    When a sole proprietor sells their business, they are selling the assets of their unincorporated company. Assets can include intangible items like goodwill or clients, as well as tangible items like inventory or machinery. You may sell some or all of the assets. 

    The sale is generally taxable as a capital gain based on the difference between the proceeds and the cost of the assets, with personal tax ranging from 0% to 33%, depending upon your other sources of income and your province of residence. 

    If you have claimed depreciation on the assets, there may be a recapture with past depreciation (capital cost allowance) brought into income and generally taxable at rates ranging from 0% to 55% depending upon your income and province. 

    When an incorporated business owner sells their business, the tax treatment depends upon whether it is an asset sale or a share sale, Peter. 

    What about for the owner of an incorporated business?

    When you sell the assets of a business, your corporation is selling assets to a purchaser, and you continue to own the corporation afterward. You may sell some or all of the assets. 

    The proceeds less the cost is generally taxable as a capital gain, with corporate tax in the 25% range payable on the income. If you have claimed depreciation on these assets, there may be a recapture with past depreciation (capital cost allowance) brought into corporate income and generally taxable at rates between about 10% and 30% depending upon your province and other factors.

    When you sell the assets of your business, your corporation sells them, yet you own the corporation. You may sell some or all the assets. Generally, the proceeds minus the cost amount is taxable as a capital gain, with corporate tax in the 25% range payable on the income depending on your province. If you claim depreciation of these assets, there may be a recapture with past depreciation (a.k.a. capital cost allowance) brought into corporate income. And taxable at rates tend to be between 9% and 31%, depending upon location and other factors.

    [ad_2]

    Jason Heath, CFP

    Source link

  • Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns

    Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns

    [ad_1]

    Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair.

    Bair, who ran the FDIC during the 2008 financial crisis, suggests Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors.

    “The focus still needs to be on inflation,” Bair told CNBC’s “Fast Money” on Thursday. “There’s a long way to go on this fight. I do worry they’re [the Fed] blinking a bit and now trying to pivot and worry about recession, when I don’t see any of that risk in the data so far.”

    After holding rates steady Wednesday for the third time in a row, the Fed set an expectation for at least three rate cuts next year totaling 75 basis points. And the markets ran with it.

    The Dow hit all-time highs in the final three days of last week. The blue-chip index is on its longest weekly win streak since 2019 while the S&P 500 is on its longest weekly win streak since 2017. It’s now 115% above its Covid-19 pandemic low.

    Bair believes the market’s bullish reaction to the Fed is on borrowed time.

    “This is a mistake. I think they need to keep their eye on the inflation ball and tame the market, not reinforce it with this … dovish dot plot,” Bair said. “My concern is the prospect of the significant lowering of rates in 2024.”

    Bair still sees prices for services and rental housing as serious sticky spots. Plus, she worries that deficit spending, trade restrictions and an aging population will also create meaningful inflation pressures.

    “[Rates] should stay put. We’ve got good trend lines. We need to be patient and watch and see how this plays out,” Bair said.

    Disclaimer

    [ad_2]

    Source link

  • After more than a year of discussion, L.A. is ready to make outdoor dining permanent

    After more than a year of discussion, L.A. is ready to make outdoor dining permanent

    [ad_1]

    When the L.A. Al Fresco dining program was established in 2020 in the midst of the COVID-19 pandemic, Christy Vega said it saved her 67-year-old family-owned restaurant.

    The program let restaurant owners bypass red tape to quickly set up outdoor dining areas, a necessity during the pandemic.

    For Vega’s Sherman Oaks restaurant, Casa Vega, this meant converting two parking lots into outdoor dining space, a change that made it possible for Vega to continue to serve customers and pay her employees.

    “It was wildly vital to our survival,” she said.

    The city is now moving to make the program’s relaxed regulations permanent, allowing restaurants to continue operating outdoor space without pre-pandemic zoning restrictions. The Los Angeles City Council signified its commitment to al fresco dining with a vote Friday requesting the city attorney draft an ordinance to make the program permanent.

    It’s a victory for the restaurant industry and for communities accustomed to eating outside, but some business owners and residents say the city’s new version of the program isn’t perfect.

    A last-minute amendment to the ordinance mandates that restaurants include one parking spot for disabled people on their property, a requirement that would effectively eliminate outdoor dining space for smaller businesses, Vega said.

    “It’ll kill al fresco for anybody that doesn’t have a giant parking lot,” she said.

    Vega said she would have to take down her patio and lose $1 million in revenue if she had to make space for a disabled parking spot that also includes room for a vehicle to back out and turn around. To avoid that, she said, she’s spent $60,000 trying to obtain a conditional use permit to keep her patio permanently.

    In an effort to protect small businesses, the City Council on Friday added an exception to the parking space requirement for restaurants with 3,000 square feet of indoor space or 1,000 square feet of parking space or less.

    Vega said she is grateful for the exemption, but other owners say it’s not enough.

    “Square footage has nothing to do with the size of the business,” said Brittney Valles, who sits on the board of the Independent Hospitality Coalition and owns Guerrilla Tacos in downtown Los Angeles. “It shouldn’t be a requirement at all.”

    Valles, who has enough outdoor space for dining and a disabled parking spot, said the rule could be devastating for many restaurants who don’t.

    “I think that there are a lot of restaurants that would have to rethink whether their business is feasible without outdoor dining,” she said.

    Councilmember Tim McOsker, who introduced the exception to the parking requirement, said at Wednesday’s council meeting that he was trying to strike a balance between supporting al fresco dining for small businesses and ensuring accessibility for disabled customers.

    Implementing a permanent al fresco program has been a long road for the City Council and the restaurant community. City officials first drafted an ordinance in November 2022 and have spent more than a year receiving public comment.

    The initial ordinance required restaurant owners to navigate a complicated process to get their outdoor dining approved, Valles said.

    “It was going to be this overbearing process that costs restaurants a lot of money and made it very complicated to do basically what we’re already doing,” she said.

    To reach a compromise, Valles and her fellow restaurant owners agreed to a ban on outdoor ambient music, which is prohibited by the temporary program. Live music is also prohibited.

    Venice resident David Feige said the current ban on ambient music is not enforced in his neighborhood, and the new version of the al fresco ordinance doesn’t do enough to create enforcement mechanisms.

    Casa Vega owner Christy Vega talks to customers Kendra Dousette, left, and Scarlett Pettyjohn on Thursday.

    (Michael Blackshire / Los Angeles Times)

    There are several unpermitted outdoor speakers at restaurants on his block near Washington Boulevard that are disruptively loud, he said.

    “If we close all the windows, turn on the noise machine and we can still hear the music in our bedroom, that’s a problem,” he said.

    Although the ordinance includes the establishment of a hotline for complaints and says the public can contact the Department of Building and Safety to report a violation, Feige said those measures will be ineffective.

    “The minute they see the cops coming, they turn it down,” he said of the restaurants with speakers, “and 10 minutes later, they turn it back up. There is no meaningful ability for redress here.”

    Feige spoke at Tuesday’s Planning and Land Use Management Committee meeting and said he was representing more than a dozen of his neighbors. He called for a complaint-based system, in which a restaurant gets cited or shut down if it receives too many complaints.

    Vega also said enforcement is an important issue. Only a handful of restaurants play disruptive music, but she doesn’t want them to ruin the reputation of the al fresco program.

    But Vega said she is most worried about the parking space measure and the restaurants that may have to lay off employees after shutting down outdoor space.

    “Restaurant workers have not had any financial security or job security since the pandemic,” she said. “The No. 1 gift of this program was that we were able to get our employees back to work.”

    Restaurant owners say they hope the new version of L.A. Al Fresco will run just as smoothly as the first. The original program during the pandemic was “the absolute easiest thing” to take advantage of, Valles said.

    “This was such a beautiful, simple win for restaurants when it launched in 2020,” she said. “We just want to keep it that way.”

    [ad_2]

    Caroline Petrow-Cohen

    Source link