Many in Mass. business community welcome regional tools to finance transit projects

dnrt8765

Jon Chesto’s article “Taxation district plan faces criticism” (Business, July 15) reported on opposition from some of the state’s largest business organizations to a transportation financing tool known as regional ballot initiatives.

However, not everyone in the state’s business community opposes this measure.

In fact, before COVID-19, when lawmakers were seeking input from business groups on addressing our transportation crisis, our chamber joined the Alliance for Business Leadership, the Kendall Square Association, the Black Economic Council of Massachusetts, and other progressive business organizations in drafting a menu of solutions we supported, including regional ballot initiatives.

These initiatives are used nationwide

Kabbage Is Aiming to Disrupt Small Business Finance

dnrt8765

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Kabbage, which is a leading online payments and lending operator, has taken the 24th spot on CNBC’s Disruptor list for 2020 (this compares to 14 last year).

Image of a hand signing a paper with the loan as the title

Source: shutterstock

No doubt, the fintech industry has been disrupting the traditional financial services industry in a big way, as seen with companies like Stripe, Lemonade (NYSE:LMND) and Square (NYSE:SQ). So yes, as the industry has grown, so has the value Kabbage stock, with the valuation over $1 billion.

OK then, so let’s first take a deeper look

Top business news: the future of finance, Trump’s key donor, real estate

dnrt8765

Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider here to get this newsletter in your inbox every Sunday.

2x1 fintech



Courtesy of Tusk Venture Partners; Accel; Lightspeed Venture Partners; Spark Capital; Yuqing Liu/Business Insider


Hello!

The financial-services industry is changing at a rapid clip, with fintechs addressing people’s needs among the big winners in the wake of the coronavirus, as Dan DeFrancesco and Shannen Balogh reported this week.

For example: 

Robinhood, which has seen massive growth as market volatility continues, is now valued at $8.3 billion after its most

First Business Reports Second Quarter 2020 Financial Results

dnrt8765

— Record operating performance partially offset by a 21% reserve build —

First Business Financial Services, Inc. (the “Company” or “First Business”) (Nasdaq:FBIZ) reported record net interest income and strong non-interest income, resulting in net income of $3.3 million, or diluted earnings per share of $0.38, in the second quarter 2020. First Business’s robust operating performance during the quarter was offset by a $5.5 million provision for loan and lease losses and related 20.7% increase in the allowance for loan and leases losses primarily due to the COVID-19 pandemic.

“The effort and dedication of the entire First Business team to