Arapahoe County Announces $6M Small Business Relief Plan

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ARAPAHOE COUNTY, CO — The Arapahoe County CARES Program is launching Advance Arapahoe, a $6 million grant program that will help businesses throughout the county, officials announced Wednesday.

“This is one of the first grant programs we’re launching through the Arapahoe County CARES Program, and it will provide crucial relief to businesses most affected by the COVID-19 shutdowns,” Arapahoe County Board Chair Nancy Sharpe said in a statement.

“These small and medium-size businesses are essential to our economy, and Arapahoe Advance is a step toward providing some stability through this transition to reopening.”

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Advance Arapahoe’s first priority will be to fund employers within the boundaries of unincorporated Arapahoe County, as most businesses within incorporated communities can apply to relief programs through their jurisdiction, officials said. Award preference also will be

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Russia’s Yandex after full control of taxi business as ride-hailing bounces back

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By Alexander Marrow and Nadezhda Tsydenova

MOSCOW (Reuters) – Russian internet giant Yandex <YNDX.O> is interested in taking full control of its Yandex.Taxi ride-hailing service, a joint venture with Uber <UBER.N> which returned to pre-pandemic growth levels in June.

Yandex is talking to Uber about increasing its majority stake in Yandex.Taxi, Chief Operating Officer and Chief Financial Officer Greg Abovsky said on a conference call on Wednesday, although he added that nothing was likely to happen imminently.

Late on Tuesday, Yandex said it planned to terminate its partnership in two joint ventures with Russia’s largest lender Sberbank <SBER.MM> and raise $800 million to finance future growth.

Once Yandex fully extricates itself from operations with Sberbank, non-compete agreements will cease to apply and the company will have greater flexibility and be free to pursue other opportunities, Abovsky said.

“We’d love to own more of the businesses we already have,” Abovsky said.

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California high-speed rail board delays key finance plan after lawmakers push back

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An artist's rendering of a proposed California high-speed rail station is shown. <span class="copyright">(California High-Speed Rail Authority)</span>
An artist’s rendering of a proposed California high-speed rail station is shown. (California High-Speed Rail Authority)

Following a stunning rebuke by the State Assembly, the board of California’s high-speed rail authority this week put off approving a crucial 2020 business plan, a sign it has agreed to reassess the project’s current blueprint.

The authority’s board had planned to routinely approve the business plan at a meeting scheduled for Thursday and submit it to the Legislature as it has done every two years over the last decade.

The plan formally laid out a $20.4 billion blueprint to build a partial operating system in the San Joaquin Valley under a massive 30-year contract that would be issued this year.

But earlier this month, the Assembly approved a resolution that called on the rail authority to delay that contract and reassess the entire strategy of putting all of the remaining bullet train funds

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