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FINANCE

Igor Fruman, 56, admitted to soliciting money from a foreign national at a hearing before U.S. District Judge Paul Oetken in Manhattan.
The program was passed by the City Council this past fall and caused the city's two lenders — Greenbacks at 819 30th Ave. S. and Peoples Small Loan Co. at 1208 Center Ave. — to close up shop.
As our state and country struggle to contain the COVID-19 pandemic, the resulting damage to our economy has become a major issue for all of us. The big question: When and how can we get more people back to work?
The coronavirus pandemic is expected to deliver a major financial blow to a Minnesota State higher education system already mired in a decade-long enrollment decline.

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Dan Fifield said the loss of a potential building for a homeless day center has been a blessing.
State lawmakers continued work to approve funding for the housing assistance on Wednesday.
The cost of providing night and day shelter for homeless people in Rochester is being covered by the state for April.
Members of the Minnesota Legislature are pushing for a new coronavirus relief program that would set aside $5 million in grants just for small businesses in Greater Minnesota.
Count the Pine Island Cheese Festival as another victim of the COVID-19 pandemic.
You can still join a fundraising walk, even with social distancing in place.

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Olmsted County is estimating a $2.7 million to $5.5 million loss in revenue through July, but commissioners were told this week the financial picture isn’t too bleak.
In the last couple of years the domestic economy has soared to record heights. Employment, GDP, stock market, real personal income, etc. All up significantly.
These uncertain times are certainly tough for local small businesses, with some already being forced to close for good.

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