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Jessica Moser visits the Small Business Radio Show to discuss the latest results of a Met Life/U.S. Chamber of Commerce poll on COVID-19 impact
Most small businesses said they had fully or partially reopened at the time of the survey
Small businesses show more optimism about future revenues and ability to rehire employees
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Live music venues call on fans to join call to “Support Our Stages” with bipartisan $10 billion relief bill
Theaters have been hard-hit due to show cancellations and a lack of viable revenue alternatives during COVID-19 pandemic
National Independent Venue Association estimates nine out of 10 theaters may close in the next couple of months if situation continues
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Employees at small businesses may be eligible to seek leave if schools offer virtual classes for all or part of the fall semester
Parents may struggle with child care options if they have already used up available FFCRA leave
In Connecticut, reopening decisions are being left up to individual districts
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Democrats reject Republican proposal of short-term extension of enhanced unemployment benefits as insufficient as supplemental $600 a week expires tonight
Many states have already distributed their last enhanced unemployment checks
With several unemployment options on the table, congressional and White House leaders set to continue negotiations
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Thirty-five percent of small business owners in recent CreditCards.com survey say they used savings or personal credit cards to help cover expenses during COVID-19 pandemic
Seventy percent use some form of assistance, such as PPP or business savings account
Most small businesses are hoping for increase in sales to stay in business or meet growth targets
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Sharp decline in sales forces major fast food and coffee chains to shutter 1,400 locations
Revenues fall as much as 38 percent during COVID-19 pandemic
Companies plan investments in models allowing better response to future pandemics
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Federal Reserve lending facilities that were set to expire on Sept. 30 extended through Dec. 31
Extension occurs amid rising jobless claims and severe contraction of U.S. GDP in second quarter of 2020
Substantial five-year loans offered at low interest rates, but with several restrictions
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Both the HEALS Act and HEROES Act propose billions of dollars in funding for agricultural producers affected by COVID-19
Bills include relief for meat producers forced to euthanize healthy animals due to backlog in animal processing
Agricultural processors such as textile mills and ethanol plants would also see financial support
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Digital portal consolidates information, resources, and requirements from several state agencies
Tools to assist with taxes, licensing, financial assistance, and more
Goal of helping simplify processes for business owners and entrepreneurs
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Senate Republicans’ proposal for continued COVID-19 relief would provide additional stimulus while reducing unemployment supplement
Second round of Paycheck Protection Program would focus on small businesses
Additional funds aim to relieve workers of child care burden
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