PPP loan approvals, Comcast data cap, Trump Plaza casino demolition

Thousands of Small Business Paycheck Protection Program loans have already been processed in the first week of the renewed Small Business Administration Program. Last week, the SBA only looked at loans from financial institutions that work with underserved communities. Al Titone, the district manager for the SBA in New Jersey, says it appears many Garden State companies have applied. Specific figures for New Jersey are not yet available, but the SBA says it has processed about 60,000 loans nationwide.

Comcast’s plans to put a data cap on Internet users in New Jersey have prompted some state lawmakers. Comcast sets a cap of 1.2TB, and if customers exceed that amount, they will be charged a higher fee. Senator Troy Singleton and Members of the Assembly Herb Conaway and Carol Murphy have asked Comcast to reconsider, saying the plan was inappropriate and insensitive, especially with so much remote work and schooling during the pandemic.

Billionaire investor Carl Icahn has denied plans for an auction house to solicit bids to blow up the former Trump Plaza casino in Atlantic City, which he owns. Ichan has sent Bodnar’s auction house a cease and desist order, saying the demolition scheduled for January 29 would be a public spectacle and a potential safety risk. Bodnar’s was seeking submissions as a fundraiser for the Boys and Girls Club of Atlantic City. Instead, Icahn will donate to the group. A new demolition date for Trump Plaza, once owned by former President Trump, is expected to be announced later this week.

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