Opinion | Why did big corporations get PPP loans instead of small businesses like mine?

United States News News

Opinion | Why did big corporations get PPP loans instead of small businesses like mine?
United States Latest News,United States Headlines
  • 📰 NBCNews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 86%

Opinion | Michael Vendome: 'I understand that during this crisis everyone needs help, but if the government is going to call something a 'small-business loan,' then it needs to make sure it actually goes to small businesses.' - NBCNewsTHINK

I grew up in the restaurant business: My family launched their first restaurant, Nino's, in the heart of midtown Manhattan in the early 1980s, and the summers I spent in their restaurants, as well as the after-school lunches I cooked with my grandma, molded my love for food. My parents often worked late, so I spent a lot of time with my Nonna — and every day she would teach me a different recipe. Sometimes we would cook a light frittata; others she would teach me how to make cavatelli.

As I got older, I decided that I wanted to learn more about the business side of the restaurant, so I enrolled in St John's University and pursued a degree in hospitality. My older brother, Franco — who was already running that first midtown restaurant — decided to enroll in the French Culinary Institute.

We finally did so in January 2019, launching Nino's AQ, a contemporary Italian restaurant in Astoria — the Queens neighborhood where we grew up. Nino's AQ on a busy night long before the shutdowns, as seen from Ditmars Boulevard in Astoria, Queens.Operating a restaurant in New York City had become a difficult juggling act over the last few years, though, even before the pandemic. Restaurants' profits have been squeezed from every side — from high rents to rising food and liquor costs to taxes — and the margins have evaporated faster than the water in my pasta cooker.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NBCNews /  🏆 10. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why the Bread in Vilnius Is Black (and Why You Should Eat Soup With It)Why the Bread in Vilnius Is Black (and Why You Should Eat Soup With It)A journey through the locavore restaurant scene in Vilnius, Lithuania, including recipes for carrot soup with black bread, stuffed cabbage rolls, and poppyseed cookies.
Read more »

Column: Here's why a COVID-19 vaccine could end up costing you a small fortuneColumn: Here's why a COVID-19 vaccine could end up costing you a small fortuneUnlike in most other developed countries, drug companies in the United States are allowed to charge whatever they want for prescription medicine, often basing price on the 'benefit' to patients.
Read more »

Opinion | Trump has almost nothing to lose. That’s why he wants to reopen the economy.Opinion | Trump has almost nothing to lose. That’s why he wants to reopen the economy.Reopening the country may be bad from a public health standpoint, but the president is pushing for it anyway.
Read more »

Eva Mendes reveals why she doesn’t share images of Ryan Gosling and her kidsEva Mendes reveals why she doesn’t share images of Ryan Gosling and her kidsEva Mendes is setting the record straight about why she doesn’t post images of the children she shares with Ryan Gosling.
Read more »

Why Do Narcissists Make Such Poor Leaders?Why Do Narcissists Make Such Poor Leaders?Watch out for leaders whose rise to the top comes at the cost of poor mental health for those who work beneath them
Read more »

HBO Max is launching on May 27 and here's why you'll want to sign right upHBO Max is launching on May 27 and here's why you'll want to sign right upAn Anna Kendrick-starring series, new Looney Tunes cartoons, and a talk show starring Elmo are all slated to drop with HBO Max on launch day.
Read more »



Render Time: 2025-03-01 04:29:41