The Small Business Administration has received 500 applications for funds to help companies affected by the closure of Baltimore's port. The funds could be distributed within two weeks and are intended to keep businesses afloat.
Transportation and supply chain logistics businesses are expected to be the most affected in the short term.
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Small business owners win lawsuit against Biden administration over race-based financial supportThree small business owners successfully sued the Biden administration for attempting to provide government financial support based on race. The lawsuit was filed by the Wisconsin Institute for Law & Liberty (WILL) on behalf of the plaintiffs against the Minority Business Development Agency (MBDA). The MBDA aimed to support minority-owned businesses, but the plaintiffs were denied assistance due to their race.
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