Editor's Note: Welcome to The Playbook Edition, a weekly look at stories, trends and changes that could affect your business and your career.
"Seconds add up to minutes, minutes add up to hours and hours add up to dollars."
That's how James King, founder and CEO at Titan Hospitality Group, which owns six restaurants in Maryland and Virginia, described the current state of mind for many in the restaurant sector — an industry that's been grappling with the pandemic, the labor shortage and soaring inflation.
With many restaurants struggling to pay rent and coping with closure of the Small Business Administration's Economic Injury Disaster Loan program and the failure of the Senate to pass more funding for the Restaurant Revitalization Fund
The Playbook's Andy Medici caught up with King, Outback Steakhouse President Brett Patterson, acclaimed chef Jose Garces and others in the industry to document how they're navigating these challenging times, as well the new key to survival.
Accenture North America CEO: Companies need to 'earn the commute'
Executives want workers back in the office, but some have encountered problems.
Jimmy Etheredge, CEO for North America for Accenture PLC, told The Playbook companies need to "earn the commute" as they look to incentivize employees to return to the office.
Of course, many companies are already planning to tweak their freshly minted return-to-office plans amid employee pushback.
Largest SBA 504 loan recipients
Buoyed by the publicity surrounding the Small Business Administration's Covid-19 relief programs like the Paycheck Protection Program, interest has been growing in the SBA's traditional lending programs.
That's leading to high loan volumes for programs like the SBA's 504 loan program for small businesses.
This week's List looks at the nation's largest SBA 504 loan recipients for the first quarter.
Total loan amount received (504) Q1 2022
| Rank | Prior Rank | Loan recipient |
|---|---|---|
1 | 1 | THW Properties LLC |
2 | 2 | IMA LLC |
3 | 3 | Orion Performance Compounds |
The big question: Investors and developers are still pouring big money into megaprojects, but how has economic development evolved in the Covid-19 era?Experts weigh in.
Small-business funding opportunities after EIDL closure
The SBA's primary Covid-19 relief programs for small businesses may be closed, but there are still some opportunities for companies looking for help. Here's a look at a few of the grants and programs you can apply for right now.
Have a trend you’ve noticed or an idea for The Playbook? I’d love to hear from you at mburnett@bizjournals.com or follow me on LinkedIn.