Young Brothers says it needs $25 million in CARES funding to “stay afloat.”
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Accessed on 28 May 2020, 0015 UTC, Post 20857.
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|COPING WITH COVID-19|
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|‘Extremely dire’: Young Brothers seeks $25M in CARES funds to stay afloat
The financial support is needed from the state Legislature and Public Utilities Commission to alleviate an impending cash crisis. The company has seen a 30% drop in cargo volumes due to the ongoing outbreak, reporting losing nearly $8 million through April with losses expected to reach $25 million by year’s end. West Hawaii Today. Big Island Video News. Honolulu Star-Advertiser. Hawaii News Now. Big Island Now. Maui Now. KHON2. KITV4.
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“The first budget item companies tend to cut is marketing during tough times, so that really hurt us in the early weeks of the pandemic. Many of our clients paused their campaigns until they re-open, which we totally understand, so we used the down time to improve their campaigns and come up with more strategies for when they’re ready to ramp up,” says Kushi… read more.
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Mayor Michael Victorino said he’s planning the reopening of most county parks, fitness gyms, pools, recreation facilities, clubhouses, dog parks, playgrounds, along with restaurants and other food establishments, as of Monday, pending Gov. David Ige’s approval. Maui News. Hawaii News Now.
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The Kaua‘i Fire Department’s Ocean Safety Bureau would normally be hosting up to 600 keiki and junior lifeguard participants over the next few months. Garden Island.
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|MAY 2020 ISSUE|
|Dive into some of our latest stories!
Advice on Coping with the COVID-19 Crisis
The Best of Small Business 2020
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Enduring Success: 2020 SBA Hall of Fame
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