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Restaurant Operators On Life Before, During And After COVID-19

PYMNTS

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. Yi said the impact of COVID-19 caught Zoku Sushi “completely flat-footed” by the nearly overnight shutdown that came to its base of operations in Midtown Manhattan. They went home.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. Operational Risk: Lastly, the OCC mentioned an increase in operational risk, and its intent to focus on: • Significant growth areas, new products, new or expanded services and changes in strategic direction.

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Today In How We Eat: Drone Deliveries Take Off, Walmart vs Amazon Prime

PYMNTS

According to Walmart, Zipline can operate within a Walmart store and from there within a roughly 50-mile radius, which is about the size of the state of Connecticut. This week, a new partnership was announced with Zipline technology to make on-demand deliveries of select health and wellness products with the potential to expand.

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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic.

Regional 214
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Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

New York, Ohio, and Virginia lawmakers all have introduced security deposit-focused legislation designed to help renters in markets often without designated, affordable and low-income housing. Alabama, Connecticut, and New Hampshire representatives say they will follow suit this year with a similar legislative approach.

Security 139
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Shellfish Industry Tries DTC Strategy

PYMNTS

Take the Connecticut-Long Island oyster ecosystem on Long Island Sound, which is the body of water that defines the border between the two states. This is the area of expertise for marine biologists such as Karen Rivara, who owns and operates Aeros Cultured Oyster Company on the northern shore of Long Island.

Industry 157
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Mosaic Brings Frozen Foods Directly To Consumers

PYMNTS

Founded by Blue Apron ’s former Senior Directors of Operations Matt Davis and Sam McIntire, Mosaic’s first line of products boasts six vegetarian bowls: the Tuscan Pesto Bowl, the Greek Jackfruit Bowl, the Peanut Tofu Bowl, the Miso Tempeh Bowl, the Harvest Beet Bowl and the Smoky Southwest Bowl.

Baltimore 113