Paycheck Protection Program

President Donald Trump rolled out the Paycheck Protection Program to catapult the U.S. economy into a quick recovery from the coronavirus pandemic

Dana McIntyre, 57, of Grafton, Vermont, is accused of fraudulently obtaining more than $660,000 in federal coronavirus relief funds for his Massachusetts pizza parlor. Meanwhile, small business owners scrambled to get federal aid through the Paycheck Protection Program, which the New York Times reported ran out of funding four weeks before its scheduled end date.

The owner of a Massachusetts pizza parlor lied about the number of employees he had to fraudulently obtain more than $660,000 in federal coronavirus relief funds, then used some of the money to buy and stock an alpaca farm in Vermont, federal prosecutors said Tuesday.

Dana McIntyre, 57, of Grafton, Vermont, was arrested Tuesday and charged with wire fraud and money laundering, according to a statement from the U.S. attorney’s office in Boston.

The owner of a Massachusetts pizza parlor lied about the number of employees he had to fraudulently obtain more than $660,000 in federal coronavirus relief funds, then used some of the money to buy and stock an alpaca farm in Vermont, federal prosecutors said Tuesday.

Massachusetts lawmakers are acting to remove an unexpected financial burden for many small businesses. Members of the House and Senate have now passed legislation to ensure Massachusetts does not tax companies on the relief money they received through the federal government’s Paycheck Protection Program. As the NBC10 Boston Investigators first reported in January, some business owners were shocked to...

State lawmakers are taking action to remove an unexpected tax burden for struggling Massachusetts small businesses.

Massachusetts legislators are urging swift action to remove an unexpected financial burden for struggling small businesses.

President Joe Biden held a press conference detailing a plan for rolling out a Paycheck Protection Program designed to help small businesses trying to stay afloat through the pandemic. Only companies with fewer than 20 employees can apply for the forgivable loans under the revamp. Meanwhile, Biden’s pick for Attorney General, Merrick Garland, faces a two-day confirmation hearing in front...

President Joe Biden is targeting more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color. The administration is establishing a two-week window, starting on Wednesday, in which only businesses with fewer than 20 employees can apply for forgivable loans under the Paycheck Protection Program.

Thousands of business owners in Massachusetts could get a reprieve from surprise tax bills attached to their emergency coronavirus relief. As the NBC10 Boston Investigators first reported, the state of Massachusetts will assess a 5% tax on money that many business owners received last year through the federal government’s Paycheck Protection Program. At Signarama in Braintree, Massachusetts, for example, a…

There are efforts on Beacon Hill to remove the hefty tax bill some businesses are facing after receiving forgivable loans to stay afloat amid the coronavirus pandemic.

NBC10 crunched the numbers and found about 70,000 of the roughly 118,000 businesses in Massachusetts that received PPP loans last year are registered in ways that would potentially make them responsible to pay the state income tax.

At Signarama in Braintree, Massachusetts, the hum of high-tech equipment is a welcome sound to owner Michael Sepinuck. Sepinuck was surrounded by eerie silence last spring, when coronavirus restrictions went into effect around the state, shuttering his business and thousands of others. With sign orders on pause, things looked dire. But a loan received through the federal government’s Paycheck...

Massachusetts has at least nine billion reasons to be happy about the latest federal COVID-19 relief and economic stimulus law. In response to a State House News Service request for information, Gov. Charlie Baker’s administration estimated that Massachusetts is positioned to receive at least $9 billion under the law assembled by Congress in December and signed late last month by…

Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to accept their applications

Soon after Lisa Evans and Tim Smith cut the ribbon at We Grow Microgreens, the pandemic arrived. Hoping to keep workers on the payroll, Evans and Smith applied for relief from the federal government’s Paycheck Protection Program, which was designed to help small businesses hurt by the virus. We Grow Microgreens received only $810.

The Paycheck Protection Program was designed to help small businesses survive the pandemic, but many in Massachusetts received only a few hundred dollars in aid. Now a new round of funding could help them survive the winter.

The U.S. Secret Service seized more than $8 million from accounts linked to ASLAN International Ministry, which got PPP funds.

The coronavirus pandemic has been incredibly damaging for the restaurant industry in the United States: The National Restaurant Association estimates that at least 17% of the country’s food service establishments have already shuttered, with 10,000 restaurants having closed their doors in just the past three months.