A new $2.3 trillion Fed plan to aid localities and companies
9 Apr 2020
The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus.
In doing so, the Fed will pump an additional $2.3 trillion into the U.S. economy. The central bank, in part, is drawing on money made available in Congress' new economic relief package to buy municipal bonds as well as debt that did not previously qualify for federal backing.
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Paul Bunyan Communications in 2015 installed fiber optic lines to bring high speed internet to portions of Itasca County including the townships of Balsam, Lawrence, Nashwauk and the former Iron Range Township.
The project was a collaboration among public partners, community members and the rural cooperative Paul Bunyan. Together they...
Twin Metals Minnesota announced they are donating $21,500 to help communities during this outbreak.
The organizations benefiting include:
* $10,000 to United Way of Northeast Minnesota. Funds are currently being matched by the Northland Foundation
* $5,000 to the Ely Food Shelf. Funds are also being matched during...
The food industry is undergoing significant disruption from COVID-19, as U.S. consumers increasingly have groceries delivered directly to their homes (D2C) or are buying online and picking up in store (BOPIS). According to Adobe’s Digital Economy Index, the U.S. grocery industry had a 100% increase in daily online sales between...
