Small Business Administration Administrator Kelly Loeffler is warning that New York City Mayor Zohran Mamdani's $70 million plan to open government-run grocery stores will crush the very immigrant-owned bodegas and shops the city claims to support. Loeffler took the fight public Tuesday on Newsmax's "National Report," calling Mamdani's agenda a textbook case of socialist economics […] The post SBA chief Loeffler rips Mamdani's city-owned grocery plan as a threat to New York's small businesses appeared first on American Almanac .
Small Business Administration Administrator Kelly Loeffler is warning that New York City Mayor Zohran Mamdani's $70 million plan to open government-run grocery stores will crush the very immigrant-owned bodegas and shops the city claims to support. Loeffler took the fight public Tuesday on Newsmax's "National Report," calling Mamdani's agenda a textbook case of socialist economics punishing the people it pretends to help. The SBA chief had just returned from a visit to Queens, where she stood shoulder-to-shoulder with bodega owners who say the mayor's plan amounts to a taxpayer-funded competitor they cannot beat. At issue is a city initiative to build five municipal grocery stores, one in each borough, using $70 million in public funds.…Open
U.S. Small Business Administration Administrator Kelly Loeffler joins Cheryl Casone to discuss the July NFIB small business optimism index rise, credit card swipe fees and the SBA Million Dollar Pitch Competition.
SBA Administrator Kelly Loeffler discusses how small businesses are working with the US government to replenish defense supplies amid the Iran conflict on 'The Claman Countdown.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #theclamancountdown #defense #military #smallbusiness #business #manufacturing #government #iran #security #nationaldefense #supplychain #industry #economy #kellyloeffler #loeffler #sba #pentagon #america #domesticmanufacturing
Higher revenue and employee limits for small businesses that get federal contracts and loans could disadvantage the smallest companies, their owners say.
A California family's $18 million COVID-relief fraud scheme, complete with ankle-bracelet escapes and a fugitive chase to Montenegro, has inspired new Senate legislation aimed at blocking convicted fraudsters' household members from federal money. Sen. Joni Ernst (R-Iowa) introduced the No Cash for Cohabitating Kins of Crooks Act, a bill that would bar anyone living with […] The post Sen. Joni Ernst targets 'fraudster families' with bill to cut off relatives of convicted scammers from federal aid appeared first on American Almanac .
A California family's $18 million COVID-relief fraud scheme, complete with ankle-bracelet escapes and a fugitive chase to Montenegro, has inspired new Senate legislation aimed at blocking convicted fraudsters' household members from federal money. Sen. Joni Ernst (R-Iowa) introduced the No Cash for Cohabitating Kins of Crooks Act, a bill that would bar anyone living with a convicted criminal or fraudster from receiving federal grants, loans, subawards, or reimbursements. Ernst rolled out the legislation alongside her August Squeal Award, a monthly spotlight on government waste that this time named 15 families she says collectively swindled taxpayers out of roughly $50 million. The bill and the award share a common thread: fraud that runs…Open
FBI agents with a bullhorn and battering ram arrested Lawrence, Massachusetts, Mayor Brian DePena at his home on federal wire fraud and money laundering charges, alleging he turned a pandemic relief loan into a personal and political slush fund. DePena, 61, appeared in federal court in Boston on Friday afternoon after agents forced their way […] The post Lawrence mayor arrested on federal charges he used $1.5 million Covid loan to fund campaign, pay personal debts appeared first on American Almanac .
FBI agents with a bullhorn and battering ram arrested Lawrence, Massachusetts, Mayor Brian DePena at his home on federal wire fraud and money laundering charges, alleging he turned a pandemic relief loan into a personal and political slush fund. DePena, 61, appeared in federal court in Boston on Friday afternoon after agents forced their way into his residence earlier that day. Prosecutors say the two-term mayor obtained a Small Business Administration disaster loan for his tire shop, Tenares Tire Services Inc., then requested several increases that ballooned the total to roughly $1.5 million, and spent the vast majority of it on expenses that had nothing to do with the business. Only about $150,000 of the loan went toward the tire shop,…Open
AI:Lawrence, Massachusetts Mayor Brian DePena was arrested by FBI agents using a battering ram and bullhorn following allegations that he converted $1.5 million in pandemic relief funds into a personal slush fund. Federal prosecutors charge the 61-year-old with wire fraud and money laundering, alleging he used an SBA disaster loan intended for his tire shop to pay off high-interest mortgages on various properties, settle IRS tax debts, and bankroll approximately $90,000 of his own political campaign. Despite facing up to 30 years in prison if convicted, DePena appeared in federal court smiling and declined to comment on whether he intends to resign from office.Open
The Small Business Administration leads all other executive agencies in uncovered fraud at $122.9 billion, and $22.6 billion recovered since January 2025.
