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Paycheck Protection Program helping Holyoke business keep staff during Covid-19 shutdowns

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HOLYOKE, Mass. (WWLP) – Businesses around the country are applying and receiving loans from the paycheck protection program. Most businesses applied through Small Businesses Association lenders, hoping to receive funding to keep their businesses alive. A Holyoke institution. Nick’s Nest in Holyoke began as a popcorn cart almost 100 years ago. Today, it stands as a popular…

US Rep. Richard Neal touts Paycheck Protection Program in Holyoke as businesses struggle to survive coronavirus

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HOLYOKE — Kevin and Jennifer Chateauneuf can’t let folks eat at the dining stools at Nick’s Nest, the 99-year-old hot dog stand on Northampton Street they’ve owned for 15 years. And everyone — even U.S. Rep. Richard E. Neal, D-Springfield, who visited Thursday to talk about the federal Paycheck Protection Program — has to wear a mask when they come in…

Thirty years later, recycling center makes positive impact

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SPRINGFIELD – In 1990 a regional effort was established to better cope with trash in quickly filling landfills. The Springfield Materials Recycling Facility (MRF) was founded and Congressman Richard Neal noted its 30th anniversary on Earth Day with a visit. Neal was mayor of Springfield at the time and said it has been “a spectacular success.” Neal recalled the…

Baker, Neal, Polito praise Cartimundis efforts to help PPE effort

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EAST LONGMEADOW – Gov. Charlie Baker, Lt. Gov. Karyn Polito, Congressman Richard Neal and Hasbro President and COO John Frascotti all toured Cartimundi, which produces games and Play-Doh for Hasbro, on April 25 and praised the company for re-tooling its manufacturing facility from making some of this country’s iconic board games to producing plastic face shields to be donated…

American Bus Industry could Lose Billions of Dollars, Thousands of Jobs amid Shutdowns

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The American bus industry could lose billions of dollars and cut thousands of jobs as the wider economy is hit by the coronavirus pandemic and related shutdowns, according to a new report. Research published by the American Bus Association (ABA) on Monday warned that the private motorcoach industry stands to lose $4.7 billion and cut as many as 27,350 jobs, even if coronavirus lockdowns…

Neal wants to restore Nixon-era state and local aid program

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House Ways and Means Chairman Richard E. Neal said he wants to go back to the future in the next round of coronavirus relief aid. The Massachusetts Democrat told the nation’s mayors Wednesday that he would try to resurrect a federal revenue-sharing program for cities and states that was popular in the 1970s and 1980s. The initiative would be part of a Democratic push to help states…

Rep. Neal joins Greylock FCU to visit business helped by PPP loans

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Rep. Richard Neal (D-Mass.) joined Small Business Administration (SBA) Regional Administrator Wendell Davis, SBA Branch Manager Oreste Varela, Greylock FCU President/CEO, and Senior Vice President and Chief Lending Officer Jodi Rathbun-Briggs at Repro Systems in Pittsfield to see the SBA’s Paycheck Protection Program (PPP) loans in action. Repro Systems is a second generation,…

Mayors warn U.S. Rep. Richard Neal that economic recovery wont happen if cities dont get federal dollars

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With mushrooming needs for basic services and revenue dried up by the COVID-19 pandemic, five mayors from across the country told U.S. Rep. Richard E. Neal, D-Mass., on Wednesday that their cities need federal dollars — and soon. At stake, they told Neal, chairman of the House Ways and Means Committee and a former Springfield mayor, are basic services like police, fire, parks…

State and local government aid plan coming from House Democrats, Neal says

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House Democrats will soon detail plans to get federal aid to state and local governments to help them weather the economic fallout from the coronavirus pandemic, Ways and Means Committee Chairman Richard Neal (D-Mass.) said today. Provisions will include tax-advantaged borrowing programs, known as private activity bonds and Build America Bonds, Neal told members of the U.S. Conference of…

Greylock Federal Has Made $23 Million in Payroll Protection Loans

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PITTSFIELD, Mass. — Repro Systems has been making signs and graphics for commercial and personal use for 40 years. But when the pandemic hit, the family business saw its workflow drop by 75 percent.    "I think it was like the domino effect," said Bryan Cadran, who runs the business with his wife, Teresa, and a few employees. "First the building community and then the…

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