Business and Economic News

Black-owned businesses find lifeline in small banks as they scramble for survival
Black-owned businesses were often at the back of the line when the first coronavirus relief loans were doled out. Now, some are turning to banks that specialize in minority firms for help.
Government investigating massive counterfeit N95 mask scam
Federal authorities are investigating a massive counterfeit N95 mask operation in which fake 3M masks were sold in at least five states to hospitals, medical facilities and government agencies. The foreign-made knockoffs are becoming increasingly difficult to spot and could put health care workers at grave risk for the coronavirus.
Lost a job or income? Don't lose access to key tax credits
Americans who lost their job or some of their income in 2020 should pay attention to a new, one-time provision that ensures they don't lose access to valuable tax credits as well. These credits could be key to getting a refund.
Taxing time: How the pandemic will affect filing your taxes
Tax filing season will start a bit later and look a bit different this year. That's because the pandemic that defined 2020 has seeped into tax time as well. If you worked from home, received a relief payment, took on some gig work or filed unemployment benefits _ or someone filed a fake claim in your name _ there are things you need to be aware of. Likewise if you normally receive certain tax credits. The IRS will begin accepting tax returns on Feb. 12.
DFLers debate mask law while GOP seeks to undo Walz's COVID-19 powers
Minnesota lawmakers are taking a close and mostly partisan look at the emergency orders DFL Gov. Tim Walz began issuing last year in response to COVID-19. 
Dems attempt to push through school funding, wage increase
House Democrats are muscling past Republicans on major portions of President Joe Biden’s pandemic plan, including a proposed $130 billion in school relief and a gradual increase of the federal minimum wage to $15 an hour. 
Another court blocks attempt to stop Line 3 construction
A federal judge has denied a request from Minnesota tribes and environmental groups to temporarily stop construction of the Line 3 oil pipeline project. A state appellate court panel also recently declined to halt work on the pipeline.
Washington hospitals find counterfeits in 3M mask supplies
Dozens of Washington state hospitals learned N95 respirator masks believed to be purchased from 3M Company are counterfeits that were not manufactured by the company.