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South Carolina announces new relief for nonprofits, small businesses

South Carolina announces new relief for nonprofits, small businesses

Small and minority-owned businesses and nonprofits in South Carolina may apply for grant awards to be reimbursed for qualifying expenditures for providing services or revenue loss because of the response to COVID-19.



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Announced by the Department of Administration on Monday, grants in the amount of $2,500 up to $50,000 will be funded with federal Coronavirus Aid, Relief and Economic Security Act money.

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Businesses and nonprofits can apply for relief grants beginning Oct. 19, and applications must be received no later than Nov. 1.

To qualify for a grant, small and minority-owned businesses must employ 25 or fewer employees, be located in South Carolina, have been operational from Oct. 13, 2019, to present and must have experienced economic effects because of the coronavirus pandemic.

Nonprofits must be a registered 501(c)(3) organization, registered as a public charity in South Carolina, physically located within the state and have been operational from Oct. 13, 2019, to present.

Grants will be administered by the Department of Administration in cooperation with Guidehouse Inc., a professional grant management services provider.

Tags: States, News, Coronavirus, Business, South Carolina

Original Author: Vivian Jones, The Center Square

Original Location: South Carolina announces new relief for nonprofits, small businesses

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Voya Launches New Program to Boost Retirement Savings for Minority-Owned Businesses

Voya Launches New Program to Boost Retirement Savings for Minority-Owned Businesses

Voya’s new ‘Just Right Advantage’ program seeks to increase retirement readiness for businesses owned by minorities, women, veterans, and members of the disability and LGBTQ communities — as well as nonprofits that serve them

New Voya research finds 79% of Americans believe corporations should support minority-owned businesses impacted by COVID-19

Voya Financial, Inc. (NYSE: VOYA), announced today a first-of-its-kind program to support greater retirement planning opportunities for minority, women, veteran, disability, and LGBTQ-owned businesses — along with nonprofit organizations that serve them. The Just Right Advantage™ Program is focused on helping employers and organizations within undercapitalized, underserved and “under-saved” communities by offering a fee credit when they establish or retain their retirement plan. In helping to support the employees within these businesses to become better prepared for retirement, the new program further expands on Voya’s recent efforts to help Americans address the financial challenges of COVID-19.

“We believe that this is an important time to support the businesses and communities that have been most heavily impacted by COVID-19, including those owned by minorities and other underserved communities,” said Rodney O. Martin, Jr., chairman and chief executive officer, Voya Financial. “The financial challenges brought on by the pandemic were exacerbated for many of the businesses within these communities due to forced closures and lack of access to relief funds. As part of our aspiration to be America’s Retirement Company, we commit to working together with employers and individuals to advance everyone’s opportunity for a better financial future. This is just one example of how we can do our part – and help demonstrate that Voya stands for diversity, equity and inclusion for all.”

The Just Right Advantage program comes at a time when a majority (79%) of Americans agree it is important that corporations do all they can to help minority-owned

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Disney Splits Media And Entertainment Businesses To Accelerate DTC Strategy

Disney Splits Media And Entertainment Businesses To Accelerate DTC Strategy

(RTTNews) – Walt Disney Co. is reorganizing its media and entertainment businesses aiming to accelerate its direct-to-consumer or DTC strategy following the significant success of its streaming service Disney+.

Bob Chapek, Walt Disney Chief Executive Officer, said, “Managing content creation distinct from distribution will allow us to be more effective and nimble in making the content consumers want most, delivered in the way they prefer to consume it. …. our newly centralized global distribution team will focus on delivering and monetizing that content in the most optimal way across all platforms, including Disney+, Hulu, ESPN+ and the coming Star international streaming service.”

In a statement, the company stated that its media and entertainment businesses will be separated into creative engines, as well as Media and Entertainment Distribution Group that will focus on commercialization and distribution activities.

Media and Entertainment Distribution group will be responsible for all monetization of content, both distribution and ad sales. It will also oversee operations of the company’s streaming services, and will have sole P&L accountability for Disney’s media and entertainment businesses. The unit will be headed by Kareem Daniel, formerly President, Consumer Products, Games and Publishing.

The new structure is effective immediately, and the company expects to transition to financial reporting under the new structure in the first quarter of fiscal 2021.

Disney Parks, Experiences and Products will continue to operate under its existing structure.

Under the new structure, the company’s creative engines will focus on developing and producing original content for the company’s streaming services, as well as for legacy platforms. The three content creation groups will be Studios Content, General Entertainment Content, and ESPN and Sports Content.

Studios Content will include the content engines of The Walt Disney Studios, including Disney live action and Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios,

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Walt Disney restructures entertainment businesses to boost streaming

Walt Disney restructures entertainment businesses to boost streaming

(Reuters) – Walt Disney Co DIS.N said on Monday it had restructured its media and entertainment businesses to accelerate growth of Disney+ and other streaming services as consumers increasingly gravitate to digital viewing.

FILE PHOTO: The logo of the Walt Disney Company is displayed above the floor of the New York Stock Exchange shortly after the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson

Under the reorganization, Disney will separate the development and production of programming from distribution to be more responsive to consumer demands.

The move came days after activist investor Daniel Loeb of hedge fund Third Point urged Disney to forgo a dividend payment and double its programming investment in streaming.

Disney shares rose nearly 5% in after-hours trading to $130.76.

The media and theme parks company launched the Disney+ streaming service in November 2019. It has exceeded its own targets by drawing more than 100 million streaming customers worldwide to Disney+, Hulu and ESPN+.

Streaming pioneer Netflix Inc NFLX.O boasts 193 million, but has built that customer base over the 13 years.

Loeb had argued that Disney needed to cut its dividend to increase spending on new TV shows and movies to sign up new customers more quickly.

Disney Chief Executive Bob Chapek, in an interview with CNBC, said the company is planning to increase investments in content but he did not say if it was prepared to cut its dividend to finance the strategy.

“Managing content creation distinct from distribution will allow us to be more effective and nimble in making the content consumers want most, delivered in the way they prefer to consume it,” Chapek, who took the company’s top job in February, said in a separate statement.

In a statement on Monday, Loeb welcomed

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Venice businesses turn fossils and sharks’ teeth into lasting memories

Venice businesses turn fossils and sharks’ teeth into lasting memories

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VENICE – When Visit Sarasota County wants to differentiate south Sarasota County beaches from the rest of the state, they quickly point to the Venice area and the pastime of searching sand near the surf for fossilized shark teeth.

 “It’s very important,” Visit Sarasota Vice President Erin Duggan said. Many beach communities have fine restaurants, she said, but, “talking about the shark’s tooth draw and Venice being the shark’s tooth capital of the world, it’s always given us something to differentiate us from other beach locations.”

On its web site, Visit Sarasota County points to the beaches from Casey Key south to Manasota Key as wonderful places to search for shark’s teeth, but south Brohard Beach and Caspersen Beach stand out for the sheer quantity of teeth – though shark tooth and fossil aficionados are quick to point out that prized large fossilized megalodon teeth are most frequently found by divers offshore.

“I personally have met plenty of people on the beach and you can tell when you see somebody on the beach looking for shark’s teeth,” Venice MainStreet CEO Kara Morgan said. “They come to Venice specifically for that, it certainty plays into the town’s identity and is something of

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