April 26, 2024 | Vol. 53, Issue 8

The only bilingual Chinese-English Newspaper in New England

Business

Social Access Equity Fund: a new philanthropic model in Chinatown

(請點這裡閱讀中文版。)  When tragedy strikes on a large scale, we think of large sources of support. For example when an epic weather event strikes, FEMA responds.  When the Coronavirus pandemic hit, little help was available for Chinatown or was accessible to business owners here. The government was slow to respond and much of the aid available was hard for this immigrant community to access. Language was only part of the problem. Private benefactors and innovative community partners stepped in to fill […]

construction industry in Boston street building truck

Push for change as construction industry wage theft continues

(請點這裡閱讀中文版。)  On April 15, traditionally known as “Tax Day,” members of the North Atlantic States Regional Council of Carpenters gathered to raise awareness on wage theft and tax fraud in the construction industry. While it is not a new issue in the construction industry, “The pandemic has only exacerbated any and all issues that were existing before,” said Noel Xavier, organizer of the North Atlantic States Regional Council of Carpenters (NASRCC).  In the past year, construction industry layoffs were especially […]

Business and university leaders speak immigration reform and economic recovery during New England Immigrant Business Summit

Following the White House’s announcement of a sweeping bill that would overhaul the current immigration system for millions, a broad coalition of New England businesses, higher education and political leaders gathered to discuss the advancement of immigration reform measures on Friday, Feb. 19.  Harvard University President Lawrence Bacow and Exelon Chairman Emeritus John Rowe were among the dozens of speakers to attend the New England Business Immigration Summit. The event, cohosted by the Massachusetts Immigrant and Refugee Advocacy Coalition, aimed […]

PPP: round 2 changes geared towards small businesses

Since the pandemic began, local economies and neighborhoods have seen devastating challenges as businesses struggle to remain open or adjust to this new environment. The hospitality industry took the worst hit, with the number of open businesses decreased to 54.6% and a 64% decrease in revenue for small businesses in the industry. In Boston Chinatown, Relationship Manager at Citizens Bank, Herb Wong said, “I know a lot of business owners, they are struggling. They asked me, ‘Hey should we close […]

Trump Signs Stimulus Bill for Second Round of PPP

Some long-awaited financial assistance for small businesses is coming after President Trump signed the new $900 billion dollar stimulus bill into law on Sunday, December 27. The relief package allocates $284 billion dollars to a new round of Paycheck Protection Program (PPP) loans and sets aside funds for businesses in low-income and minority communities. The arts and entertainment industry, shuttered live venues, independent movie theaters, and cultural institutions will have access to $15 billion in grants.   Aid measures also address […]

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