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Category Archives: Personal Finance

New York Offers Grants for Business to Corona Comply

New York Offers Grants for Business to Corona Comply

Corona has forced changes in every part of life. Stores are not the same place we were used to just a few months ago. There are less people walking around, plastic partitions at checkout, customers and clerks wearing face masks, and many more disinfecting stations.

NYS offering grants for businesses who incur extra costs related to corona compliance

These modifications are costly and many businesses, already strapped after three months of lockdown, are struggling. New York State Senator Sue Serino introduced a new bill that will offer financial aid to businesses and non-profit organizations committing to complying with corona restrictions.

“New Yorkers stepped up in a big way when they were asked to stay home and do their part to promote public health and safety. Now, it’s time for the state to step up and support them as they safely reopen. That means removing any potential obstacles to reopening, including the significant costs that are associated with adhering to the new stringent state mandates.”

-New York State Senator Sue Serino

The grants will allow companies to purchase personal protective equipment, hire industrial cleaning services, and/or renovate existent workspaces to comply with regulations. Funding will come from the remaining federal Cares Act Funding to New York state. 

How Fintech is Helping Small Businesses

How Fintech is Helping Small Businesses

The current ongoing coronavirus pandemic has led to some remarkable business discoveries, including the revelation that fintechs, primarily online financial service companies, are effective liaisons for small business owners as well. The agility and flexibility that most fintech companies have allows them to be responsive in real-time; they experienced fewer policy and bureaucratic hurdles than… Continue Reading

Budgeting in a Crisis: Dos and Don’ts

Budgeting in a Crisis: Dos and Don’ts

It may seem strange to suggest a budget overhaul at a time of so much uncertainty. But that is exactly when these kinds of changes can be most beneficial and impactful. In general, many regular expenses have ceased to be a concern during the corona pandemic. There are virtually no restaurant meals, mani-pedis, or gym… Continue Reading

What to Expect When You Meet With Your Financial Adviser

Not all investment firms work in the same way, but it’s helpful to have some ideas about what you’ll experience when you meet with your financial adviser. The first step, of course, is to find an adviser with whom you’d like to work. Amongst other resources, sites like CrunchBase compile publicly available information about investing… Continue Reading

When Trust is Your Business

A lot of what financial investment management firms do and how successful they are, depends on the trust and reputation they earn from their customers and the public.  Thus when faced with any kind of investigative situation, the way they react is essential for how they will continue business transactions. Recently, Essex Financial in Connecticut… Continue Reading

Senior Homes: Being Proactive

With the baby boomers coming into their post-retirement years, the advancement of medicine and enhanced quality of life extended, the need to take care of seniors has never been greater. There are many different choices available, but for the ultimate peace of mind, nursing homes seem to be the way forward. It can be very… Continue Reading

Three Funds Flying with Its Investors

There are two basic models for fund managers managing other people’s money. Managers can take their client’s money, and work hard to give them the best results based on what the manager knows are the client’s goals. Some investors might want quick returns on liquid assets. Others might prefer long term returns on less accessible… Continue Reading