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Small Business

New York Air Brake develops improved rail-brake system

WATERTOWN — New York Air Brake LLC (NYAB) of Watertown announced it is working with a sister company on an “improved and innovative” brake system for passenger trains. NYAB is partnering on the product with Knorr Brake Company (KBC), which is headquartered in Westminster, Maryland. Both firms are sister companies within Munich, Germany–based Knorr-Bremse. Knorr-Bremse […]

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SBA makes five changes to PPP loan rollout

The U.S. Small Business Administration (SBA) on Feb. 24 started implementing the first of five changes to the Paycheck Protection Program (PPP) that the Biden-Harris Administration says will promote “equitable relief for America’s mom-and-pop businesses.” The PPP is a forgivable-loan initiative that seeks to help small companies survive the economic dislocations of the COVID-19 pandemic. The

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