Rising ingredient costs eat into bottom line for some small food businesses

Rising ingredient costs eat into bottom line for some small food businesses

Some small food businesses in London say the high cost of ingredients are forcing them to get creative — and even close their doors.   Jocelyn Brock and Wayne DeGroot have been running zen’Za Pizzeria downtown for eight years. With the rising cost of key ingredients like olive oil and cheese, they’ve decided it’s time to put the business up for sale. “It really increases the…

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FedEx Awards More Than 0,000 to 10 Small Businesses

FedEx Awards More Than $230,000 to 10 Small Businesses

Published 06-17-24 Submitted by FedEx Corporation MEMPHIS, Tenn., June 17, 2024 /CSRwire/ – FedEx Corp. (NYSE: FDX) unveiled the recipients of the 12th annual FedEx Small Business Grants Program. Ten U.S.-based businesses were chosen this year out of over 3,900 applications. Grand Prize Recipient: $50,000 · Bombi (Greenville, RI) Nine Additional Recipients: $20,000 each, · Better Boba…

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Individual and Small Group Health Insurance Segment Profitability as Reported by Mark Farrah Associates

Individual and Small Group Health Insurance Segment Profitability as Reported by Mark Farrah Associates

MCMURRAY, Pa., June 17, 2024–(BUSINESS WIRE)–Mark Farrah Associates (MFA), www.markfarrah.com, examined trends in membership, claims incurred PMPM (per member per month), adjusted premiums PMPM, and MLRs (Medical Loss Ratios) for the Individual and Small Group comprehensive medical/health insurance markets and segment leaders. Based on an analysis of the National Association of Insurance Commissioners (NAIC) Supplemental…

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Gen Z Small Business Owners Get Personal for Business Loans

Gen Z Small Business Owners Get Personal for Business Loans

At a time when every financial decision counts, many small to medium-sized businesses (SMBs) can at least take some comfort knowing there are a wide variety of borrowing tools available if needed. Today’s entrepreneurs can choose from reward-earning credit cards; merchant loans; bank loans; buy now, pay later (BNPL) products; lines of credit and more. …

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