A longstanding pillar of Boston’s economy, finance is fading even faster since COVID

It’s a trend that can be linked to the pandemic and the rise of remote work. But it also underscores deeper concerns that Boston-area business leaders have long held, particularly since the Great Recession hit in 2008.

The city has long been a financial services hub. It’s the birthplace of the mutual fund and the center of banking in New England. But industry consolidation, automation, and the high cost of living have gradually chipped away at that status. The ranks of people working in financial services in Massachusetts have stagnated, never getting back to the peak of 192,000 jobs seen

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COVID Relief: SBA Could Improve Communications and Fraud Risk Monitoring for Its Arts and Entertainment Venues Grant Program

What GAO Found

The Shuttered Venue Operators Grant program was created to financially assist businesses in the performing arts and entertainment industries hard hit by the COVID-19 pandemic. The Small Business Administration (SBA) approved 73 percent of the 17,328 applications it received for the program as of December 31, 2021. Smaller businesses (those with 50 or fewer employees) represented over 90 percent of award recipients. Of the six types of eligible businesses, movie theaters had the highest median award amount (see figure).

Shuttered Venue Operators Grant Recipients and Median Awards, by Eligible Business Type, as of December 31, 2021

Most

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Auto Insurers Shortchanged Drivers On COVID Rebates, Consumer Groups Say : NPR

A school bus drives down a street on the first day of school reopening on December 7, 2020 in the Brooklyn borough of New York City.

ANGELA WEISS/AFP via Getty Images


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ANGELA WEISS/AFP via Getty Images


A school bus drives down a street on the first day of school reopening on December 7, 2020 in the Brooklyn borough of New York City.

ANGELA WEISS/AFP via Getty Images

If you had auto insurance during the pandemic, you may have received a refund from your insurance company.

According to two consumer groups, you got shortchanged.

The Consumer Federation

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Global Business Management Platforms Supporting The COVID Pandemic Recovery

The success of your HVAC business depends on how you manage various aspects, such as brand visibility. With the increased competition in the sector, you need to do all it takes to stand out from the crowd. This is not an easy task since you need to dedicate time and apply various workable strategies to achieve your goals.

Do not sit, relax and wait for the hot season to market your business, thinking it is the best time. The truth is that not everyone waits for the hot season to invest in an air conditioner. Some will purchase it earlier

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Biden SBA head on Covid loans, financial help businesses can still get

Vice President Kamala Harris swears in Isabel Guzman as administrator of the Small Business Administration as husband Javier Guzman stands at her side at the White House in Washington, March 22, 2021.

Kevin Lemarque | Reuters

Isabella Casillas Guzman, the new Administrator of the U.S. Small Business Administration, began her term under President Joe Biden in March, with the responsibility of managing the government’s efforts to support the more than 30 million U.S. small businesses. She took over an agency that, because of Covid, experienced a scaling experiment that would make even the most hyper-growth start-ups take note.

“We’ve scaled

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