Paycheck Protection Program reopens
The Paycheck Protection Program (PPP), administered by the U.S. Small Business Administration, reopened this week, offering a $284.5 billion in funding for small businesses. Applicants can borrow up to 2.5 times their average monthly payroll cost, up to $10 million. The deadline to secure a PPP loan is March 31. – U.S. Small Business Administration
Alabama choice for Space Command sparks controversy
The choice of Huntsville’s Redstone Arsenal as U.S. Space Command’s permanent headquarters was lauded in Alabama, but others are calling the choice politically motivated and, maybe, temporary. – AL.com
Coca-Cola United plans $8 million Florida facility
Birmingham-based Coca-Cola United will replace its hurricane-damaged distribution center in Panama City with a new $8 million facility. The 24,000-square-foot facility will replace the building damaged by Hurricane Michael more than two years ago. – Panama City News Herald
RaceTrac comes back to Alabama
RaceTrac opened its first Alabama convenience store in 15 years this week, and it plans to open more. The Gardendale store opened, and more are planned in Irondale, Alabaster, Oxford, Gadsden, Huntsville and Muscle Shoals. Expansion will continue in Alabama through 2025. – CSP Daily News
