Illinois lawmakers voted to delay the state’s swipe fee law for another year, keeping the fight over card fees on sales taxes and tips in court and before federal regulators. The delay affects the Interchange Fee Prohibition Act, or IFPA, a first-of-its-kind Illinois law that would restrict banks, credit unions and card companies from collecting interchange fees on the tax and tip portions of debit and credit card transactions. Illinois Swipe Fee Law Delay Exten

Credit Card Swipe Fees Raise Costs for U.S. Shoppers and Stores Credit card swipe fees are adding pressure on U.S. shoppers and small businesses as more purchases move away from cash. Retailers say the fees charged on card transactions are becoming a larger cost of doing business, with some of that burden reflected in everyday prices. At a Tiger Fuel gas station and convenience store near the Blue Ridge Mountains in Ruckersville, Virginia, managers say t

Historic Pacific Café may close as owners retire after 51 years. A well-known San Francisco seafood restaurant recognized for its classic menu and complimentary wine service may soon shut its doors as its longtime owners prepare to retire. Pacific Café, located on Geary Boulevard, has been listed for sale for $195,000, raising concerns about the future of the decades-old establishment if a buyer is not secured. Co-owners Frank Gundry and Ross Warren, who have operated the restaur

Legacy Texas chocolatier begins winding down operations A historic Texas confectionery business, Lammes Candies, is closing its operations after more than a century in business, citing mounting economic pressures and changing market conditions. The Austin-based company confirmed it will begin an orderly wind-down process after evaluating long-term sustainability challenges affecting the retail and confectionery sectors in the United States. Store closures confirmed across Austin and nearby cities The company has already shut down its Round Rock location as of Thursday, April 24, though the year was not specified. Additional closures include stores in Hillside and Lakeline Mall. Its flagship store in Austin will remain open temporarily, but no official closing date has been announced, leaving customers uncertain about final operations. Economic pressures and market shifts drive decision Lammes Candies stated that “unprecedented economic pressures and current market conditions” led to the decision. The company emphasized that it had carefully assessed shifts in consumer behavior, rising operational costs, and broader challenges facing family-owned retail businesses before deciding to cease operations. A family legacy spanning generations Founded in 1878 by William Wirt Lamme as the Red Front Candy Factory in Austin, the business officially became Lammes Candies on Thursday, July 10, 1885. After a temporary loss of the company due to a gambling debt, founder David Turner Lamme Sr. reclaimed it, establishing a legacy that continued for five generations. The company became known for handcrafted sweets, including its signature Texas Chewie Pecan Praline introduced in 1892. Final operations and transition for employees The company said it will fulfill remaining orders while supporting employees during the transition period. Ownership described the decision as difficult, highlighting the brand’s deep connection to the local community and its long-standing customer base. Since 2004, the business has been operated by fifth-generation family members, marking the end of a significant chapter in Texas retail history.

HOUSTON – The cost of dining out in Houston is increasing at a pace that outstrips many other major cities across the United States, reflecting broader economic pressures affecting both consumers and the food service industry. Recent industry data indicates that restaurant prices in Houston have risen by approximately 4.6% over the past year. This increase is placing additional strain on household budgets, particularly for individuals already managing tight financial conditions. What was once considered an affordable leisure activity is becoming more difficult for many residents to justify as everyday expenses continue to climb. The impact is being felt across the restaurant sector, from established businesses to newly launched ventures. Rising operational expenses, including rent, labor, and supply costs, are forcing business owners to rethink pricing strategies and overall operations. Many are working to balance the need to remain competitive with the necessity of maintaining profitability in a challenging market environment. For newer establishments, the financial burden can be especially significant. Initial cost projections for launching and maintaining a restaurant have increased sharply compared to previous years, making it more difficult for entrepreneurs to enter the market or sustain early operations. Higher monthly overheads are now a common concern, often exceeding earlier expectations by a substantial margin. Despite these challenges, restaurant operators are exploring ways to adapt. Adjustments may include revising menus, optimizing supply chains, and implementing cost-control measures aimed at preserving customer demand while managing expenses. However, the continued rise in prices suggests that both businesses and consumers will need to navigate ongoing economic uncertainty in the months ahead. As Houston’s dining landscape evolves, the interplay between rising costs and consumer spending habits will likely shape the future of the city’s restaurant industry.

A once-thriving retail hub in Santa Clara, California, is rapidly emptying as redevelopment plans move forward, prompting legal action from displaced business owners who allege unfair treatment by the property’s former landlord. Two tenants from the Homestead Shopping Center — Tous les Jours bakery and Fuheng Herbs — have filed separate lawsuits against former property owner David Bider and Cypress Investments, claiming they were misled and pressured into leaving prior to the si

Green card holders will no longer be eligible for government-backed small business loans in the United States beginning March 1, 2026, following a policy change by the US Small Business Administration that tightens citizenship and residency requirements for borrowers. The revised rules limit access to key SBA lending programs exclusively to US citizens and nationals who maintain their principal residence within the country or its territories, effectively barring lawful permanent residents from participation. According to an official policy notice issued in early February, the agency updated its Standard Operating Procedure 50 10 8, the framework that governs lender and development company loan programs. The revision rescinds earlier procedural guidance that permitted limited ownership by foreign nationals or certain residents living outside the United States. Under the new language, every direct and indirect owner of a small business applicant must meet the citizenship criteria. The SBA said the updated rules require 100 percent of ownership interests in any applicant or borrowing entity to be held by eligible US citizens or nationals. As a result, even minority ownership by a legal permanent resident will disqualify a company from receiving SBA-backed financing. The policy applies broadly to applicants, operating companies, and entities tied to the loan structure, leaving little flexibility for mixed-ownership businesses. The change is expected to affect a wide range of small and early-stage firms that rely on SBA loans for working capital, equipment purchases, and expansion. Many startups and family-owned enterprises depend on these lending programs because they offer lower interest rates and government guarantees that make financing more accessible. With the new restrictions in place, businesses that include green card holders among their owners may need to reconsider ownership arrangements or seek alternative sources of credit from private lenders. Agency officials indicated that the revisions align loan eligibility standards with existing federal regulations and a recent executive directive emphasizing stricter residency compliance. The policy will take effect for all new applications submitted on or after the effective date. Existing and prospective borrowers are being advised to review their ownership structures carefully to ensure continued eligibility under the updated requirements. The move marks a significant shift in how federal small business lending programs define qualification, narrowing access to public funds and reshaping the financing landscape for immigrant entrepreneurs. As the implementation date approaches, legal and financial advisers expect increased demand for guidance from affected business owners who must evaluate their options within the new framework.

A small family-run restaurant in Jersey City has become a standout success story in the local dining scene, driven by determination, cultural pride, and an unlikely culinary journey. Korai Kitchen, the city’s first Bangladeshi restaurant, is operated by a mother-daughter duo whose path to national recognition began without formal training or professional kitchen experience. Chef and owner Nur-E Gulshan Rahman opened Korai Kitchen alongside her daughter, Nur-E Farhana, in February

A Chicago business owner is speaking out about the challenges she faces as crime and violence continue to impact her livelihood. Jackie Jackson, the owner of Fatburger in Chatham, has shared her story of struggle, resilience, and determination to keep her restaurant open while giving back to the South Side neighborhood she calls home. Jackson opened the Fatburger location at 825 E. 87th Street in November of last year. Since then, she has invested in extensive safety measures to pro

After six years of serving customers in Cranford, Witch Baby has officially closed the doors of its Eastman Street brick-and-mortar store. The closure, which came just before the busy holiday shopping season, reflects the mounting challenges faced by small businesses in New Jersey and beyond. Owners cited rising electricity costs and tariffs as the key reasons for the difficult decision, underscoring the financial pressures that continue to weigh heavily on independent retailers. Wi

In Rowlett, Texas, a small catering business owner says her livelihood was nearly brought to a halt when a phone service switch went terribly wrong. Nikki Jackson, who has operated her catering company from the same location for 21 years, says the steady ring of her business phone — a sound that once meant constant orders — has been silent for almost a month. She claims it all started when she tried to move her phone service to AT&T after being

A single block of Upshur Street NW in Washington, DC’s Petworth neighborhood has become a thriving example of community, culture, and entrepreneurship. Home to several Black women-owned businesses, this block stands out not only for its vibrancy but also as a model of how shared values, legacy, and mutual support can fuel success. As DC celebrates Black Business Month, this stretch of Petworth is getting well-deserved attention. Amid concerns over rising inflation and unpred

A popular Hoboken restaurant is working toward reopening after a fire temporarily shut down its operations on Thursday evening. The incident occurred around 6:45 p.m. when heavy smoke was reported coming from the building. Both the restaurant and the residential units located above were promptly evacuated as emergency responders arrived on the scene. More than 30 firefighters responded swiftly and were able to locate the fire within the walls of the structure. The fire was quickly

A small family-run bakery in California’s Bay Area faced an unexpected financial crisis that went undetected for nearly a decade. La Patisserie, a popular shop in Cupertino known for its elegant pastries and intricate wedding cakes, was unknowingly overcharged by its delivery partner for more than eight years. What was believed to be a fruitful partnership with a major food delivery platform turned into a long-term financial drain costing the business over $100,000 in commission fees.

The Prime Minister’s Office (PMO) has approved a significant overhaul of India’s Goods and Services Tax (GST) system, paving the way for major reforms to simplify the tax structure. The proposal is set to be discussed in the upcoming GST Council meeting in August. The finance ministry has already initiated discussions on the changes, which are expected to streamline the GST system and ease compliance for businesses and consumers alike.

Campbell is ready to bring back the beat this summer as the city’s much-loved free concert series returns after a one-year hiatus. The summer music series, held in Orchard City Green every Thursday evening starting July 10 through August 28, is expected to draw large crowds, helping reinvigorate the heart of downtown and bring new momentum to local businesses. The concert series, a community staple for years, was canceled last summer due to major construction projects next t

A recent survey conducted by the National Federation of Independent Business (NFIB) reveals that filling job openings remains a significant challenge for small business owners across the United States. According to the June survey, 36% of small businesses still have unfilled job positions, a 2% increase from May. Additionally, 86% of small business owners report receiving few or no qualified applicants for the roles they need to fill.

Santa Clara city officials are evaluating the possibility of introducing paid parking at several city-owned locations, including the historic Franklin Square and the Santa Clara Convention Center. This potential change is part of a broader strategy to stabilize the city's finances as future budget projections reveal growing deficits. Although Santa Clara’s proposed 2025-26 fiscal plan currently projects a $9.3 million surplus, forecasts over the subsequent five years ind

A beloved local Mexican restaurant that has served San Jose for over two decades is at risk of closing its doors as plans for a new fast-food restaurant could force it out. Taqueria Eduardo, located at 255 Race Street near West San Carlos Street, is one of two locations operated by owner Luis Martinez. However, this long-standing neighborhood staple may not survive the potential arrival of a new Chick-fil-A at the same location. The San Jose Planning Director’s Hearing is scheduled for

San Jose Mineta International Airport is undergoing a transformative shift in how it engages with travelers, by reimagining its retail experience to reflect the local culture and support small businesses. The airport has revamped its concession program to attract local vendors, giving them valuable exposure and a unique platform to showcase the best of what San Jose has to offer. This initiative is not just about food and merchandise—it’s about creating a deeper connection between