UNIVERSITY HEIGHTS, Ohio — Although it is uncertain what lies ahead, the city’s finances are looking a lot better these days after University Heights recently received an additional $461,000 in federal CARES Act money to help it deal with COVID-related expenses.

Gov. Mike DeWine, by signing into law House Bill 614 Oct. 1 allowed for the distribution of an additional $650 million to local governments across Ohio, bringing the total of money distributed to Ohio governments to $1.2 billion. The added $461,000 means that University Heights has now received just over $1.1 million in relief money.

“At first, we didn’t know if we’d get any (CARES Act) money,” said Mayor Michael Dylan Brennan. But, now that the city has been granted the money, Brennan, in his report at the start of Monday’s (Oct. 5) City Council meeting, told of how the aid has significantly closed the gap on what was once a projected $2-million deficit the city faced.

With the added funding, Brennan also plans to pay city employees money they had to forego by working four-day weeks over the course of 20 weeks, beginning in June. Brennan announced at the council meeting that the furloughs, that were to carry on until Oct. 31, were ending earlier than planned.

Initially, when faced with a possible $2-million shortfall, the administration and council worked to reduce the city’s spending by about $1 million. The reduction was made, among other things, by putting off this year’s road repair program, instituting the furloughs, and, due to the pandemic, not having to spend money on opening the city’s pools or in programming summer activities.

“While tax revenues remain down from this point last year,” Brennan reported to council, “for everything we have been through, we are down just 1 percent from this time last

By signing Tyson Barrie, the Oilers landed one of the most prominent (and polarizing) defensemen in 2020 NHL Free Agency. The Oilers announced that they signed Barrie to a one-year, $3.75 million contract.

TSN’s Frank Seravalli reports that Barrie, 29, left money on the table to join the Oilers. (Servalli reports that one offer included a $6M AAV.)

At face value, that seem like a questionable choice by Barrie, especially since the Oilers haven’t exactly reached their potential despite employing Connor McDavid and Leon Draisaitl. But, then you realize that Tyson Barrie’s likely to quarterback a power play with McDavid and Draisaitl, and it sounds like he might take some short-term financial pain for long-term gains.

Really, it also sounds like it would be fun for Barrie, doesn’t it?

Oilers sign free agent defenseman Tyson Barrie

Heading into 2019-20, Tyson Barrie carried quite a bit more clout. While there were warnings about Barrie’s underlying numbers, he was a key part of the Avalanche – Maple Leafs trade that also featured Nazem Kadri.

To put things mildly, Barrie’s reputation took a hit over the last year or so.

No doubt about it, Barrie struggles in the defensive end. Yet, as you likely know, just about everything hockey-related can get blown out of proportion in Toronto.

In other words, the criticisms about Barie’s defensive game aren’t totally unfair. Instead, they might be amplified to the point that some assume Barrie has no value whatsoever.

The truth is probably somewhere between the lows of 2019-20 and the mixed reactions (sometimes excessively positive) beforehand.

It’s also fair to mention that the Maple Leafs landed Barrie at a reduced rate, and the Oilers aren’t betting the house on him, either. Maybe that should dull expectations.

And maybe NHL GMs should also account

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

We live in a “monetize everything you can” culture, where a hobby can potentially turn into a million-dollar enterprise. At the very least, your hobby can become a side hustle. And I’ve found that when you work for yourself, there’s a bit of hype — and sometimes pressure — to turn fun endeavors into a money-making empire. 

When I went from being a chronic side hustler to a full-time freelancer, it seemed as if all my colleagues were pouring a significant amount of resources into coaching, courses, and building fancy websites for their businesses. But in my own career, I discovered that you actually don’t really need to spend money to make money. To build my personal wealth, here’s what I’m doing instead.

I chose side hustles that didn’t require a lot of money to get started 

The side hustles I tried — test proctoring, pet sitting, being a Rent-a-Friend, and participating as a background actor for a talk show — required no special skills or fancy equipment. I just had to follow the rules, be respectful and professional, and show up. These different side hustles added up to a few thousand dollars a year, which I put directly into my emergency savings or new car fund. 

When I started picking up writing and proofreading gigs, I was already doing that type of work at my main job and working toward my copyediting certification. So it didn’t feel like I was doing a complete 180 to earn more money as a writer. In fact, certain types of work I was

12th consecutive year Huntington has led SBA 7(a) loan originations within its footprint

COLUMBUS, Ohio, Oct. 8, 2020 /PRNewswire/ — Huntington (Nasdaq: HBAN; www.huntington.com) is the nation’s largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the third consecutive year at the close of SBA fiscal year 2020, further strengthening its position as the leader in supporting small businesses. This also marks the 12th year in a row Huntington has been the largest originator, by volume, of SBA 7(a) loans within its footprint.

This announcement follows Huntington’s recent efforts in supporting its customers by processing more than 38,000 Paycheck Protection Program loans across its footprint in 2020. These loans provided support to businesses during an extremely difficult time and further demonstrated the bank’s commitment to looking out for people.

“We believe small businesses are the lifeblood of our communities,” explained Steve Rhodes, Huntington’s Business Banking Director. “For more than a decade, we’ve been building and deepening our expertise helping small businesses navigate through every stage of owning a business, and this year, our customers depended on us more than ever before. We’re pleased to have earned the top spot again, but more importantly, to have assisted small businesses when they needed it most.”

“The pandemic helped shine a light on the importance of the Small Business Administration, and SBA loans will continue to be a great source of capital for a wide range of businesses going forward,” said Huntington’s SBA Program Director, Maggie Ference. “This is a year many will never forget, and we are so proud to have leveraged our expertise in supporting our small business customers by providing the right solution for customers at every stage.”

Last month, Huntington announced 24-Hour Grace® for Business and a no overdraft fee $50

PARIS (Reuters) – Total

has taken a 20% equity stake in the Eolmed floating wind farm pilot project in France, which the French group said on Wednesday formed part of its broader plans to build up its presence in the wind power sector.

The 30 megawatts (MW) project is located in the Mediterranean, off the coast of Gruissan in France. The power company Qair is the majority shareholder in the project.

“This announcement once again demonstrates the group’s ambition and willingness to innovate in the field of renewable energies,” said Julien Pouget, director of renewables at Total.

Total did not disclose any financial details of the investment.

Last month, Total said it would hike its annual investments in renewable energy and electricity by 50% as it cuts its reliance on oil, emulating European rivals in a bid to become a major low-carbon power producer.

Total aims to have 35 gigawatts (GW) in gross renewable energy production capacity by 2025, up from a previous target of 25GW. The company has said that 70% of this target has already been accounted for, including projects still under construction.

(Reporting by Sudip Kar-Gupta, editing by Louise Heavens)

Copyright 2020 Thomson Reuters.

Source Article