Vermont businesses slam plan to tax federal Covid loans

Ruben Onsu
Sen. Ann Cummings, D-Washington, chair of the Senate Finance Committee, listens at the Statehouse in Montpelier on Tuesday, May 14, 2019. Photo by Glenn Russell/VTDigger

When Congress established the Paycheck Protection Program last year, the aim was to provide tax-free, forgivable loans to businesses to help them make payroll and stay afloat during the coronavirus pandemic.  

But now, the Vermont Legislature is looking to tax some of those emergency payouts.

The state House and Senate came to an agreement late last week on a relief package designed to pump federal aid into Vermont’s education system, as well as workforce and

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Politics Is Risky Business for CEOs

Ruben Onsu

A few CEOs have expressed their point of view about the new Georgia voting law. They have issued statements indicating their opposition on the basis that the law will suppress voting. Other senior executives, retired and active, have joined them. I know most of them by reputation and some personally. They are people of goodwill, who sincerely care about the nation, their companies and their employees and customers. Most have done excellent work as leaders of their companies. All have my respect and I believe have earned the respect of the public. But I believe they are wrong to take

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Open Banking Efforts Eye Business Banking

Ruben Onsu

Corporate banking is clearly on the docket for the latest initiatives in open banking and bank-FinTech collaboration. Banks in the U.K. and Europe continue to embrace the framework, but partnerships in the U.S. (and a new fundraise for Plaid) signal continued interest in how the framework can disrupt business banking, even without a regulatory mandate.

Plaid Funding: A Boon For Open Banking Evolution

Last week, FinTech Plaid announced a $425 million Series D funding round, a significant backing for the company and a show of support for the open banking framework in

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Four Business Development Lessons For CIOs

Ruben Onsu

Senior Vice President, Go-To-Market, responsible for leading Softchoice’s strategy, business development, marketing and customer experience.

The big pivot of last year put immense pressure on CIOs to transform their companies quickly and profoundly. In many cases, this ongoing pressure also expands the importance of the job of CIO itself, as tech leaders in that position help identify, fund, scale and secure a wide range of IT-driven changes in their companies — all within very fluid and challenging contexts.

Just ask Jim Swanson, current CIO at Johnson & Johnson and former CIO at Monsanto and Bayer. Joining Johnson & Johnson

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Small Business in Seattle Shows Urban Neighborhoods Will Recover After Covid

Ruben Onsu

Photographer: Meron Menghistab for Bloomberg Businessweek

The One Year, One Neighborhood series follows small businesses in the Pike/Pine corridor in Seattle, the first coronavirus hot spot in the U.S., to get a sense of what cities will look like as they reopen.

Big Little News opened its doors on East Pike Street in Seattle in early March. The postcard-size space is outfitted with wood shelves displaying more than 250 magazine titles. There’s also a case for cold drinks and a carefully curated selection of puzzles, coffee

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Business faces tricky path navigating post-Trump politics

Ruben Onsu

WASHINGTON (AP) — For more than a half-century, the voice emerging from the U.S. Chamber of Commerce’s monolithic, Beaux Arts-styled building near the White House was predictable: It was the embodiment of American business and, more specifically, a shared set of interests with the Republican Party.

The party’s bond with corporate America, however, is fraying.

Fissures have burst open over the GOP’s embrace of conspiracy theories and rejection of mainstream climate science, as well as its dismissal of the 2020 election outcome. The most recent flashpoint was in Georgia, where a new Republican-backed law restricting voting rights drew harsh criticism

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