SBA shuts out non-U.S. citizens from its main lending program
Starting March 1, the SBA will no longer guarantee loans for small businesses owned by foreign nationals, including green card holders.
Watch CBS News
Starting March 1, the SBA will no longer guarantee loans for small businesses owned by foreign nationals, including green card holders.
Some small business owners say they're struggling to stay afloat because of higher tariff, health insurance and energy costs.
At Glass & Pen Studios in Fort Lauderdale, attention to detail is key.
A South Florida business that was heavily damaged in an explosion earlier this year is slated to be demolished on Thursday.
The Downtown Development Authority, Flagler Business Improvement District and the City of Miami designed a five-phase plan to turn Miami's oldest street into a brick, curbless, festival-style space capable of hosting large outdoor events. However, delays hounded the project.
Estimates of the economic hit from the U.S. government shutdown put the losses at up to $16 billion every week the impasse continues.
The country's biggest pro-businesss organization says a new $100,000 H-1B fee for foreign workers will be "cost-prohibitive for U.S. employers."
Miami-Dade County Tax Collector Dariel Fernandez said his office will begin sending letters to violators in the coming weeks.
CBS News Miami contacted a spokesperson for the City of Lauderdale Lakes and Mayor Veronica Edwards Phillips.
The owner of an Oklahoma maker of guitar pedals has had to get creative to absorb higher import costs.
Triple-digit U.S tariffs on China will "wipe out our business completely," one small business owner says.
The owner of a small stationery business based in Pensacola, Florida, says her company is facing up to $1 million in tariff payments this year alone under the Trump administration's new tariffs.
South Florida businesses and consumers are feeling the impact of tariffs, leading to increased prices and cautious spending.
"Small consumables, electronics, car parts. They will go up in price considerably."
Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."
Card Sound Road and businesses nearby had been boarded up due to the flames that have flared up since Tuesday.
The owner of Performance Team Sports has been wondering if he'll have to pay higher prices for their products.
The family-owned store, which has been in Oakland Park for the past 50 years, will shut its doors at the end of January.
The shopping event turns the focus on "shopping local" on the Saturday after Black Friday.
Local businesses are expecting a surge in customers when the Fort Lauderdale International Boat Show sails into town on Wednesday.
Nearly 80% of companies with remote workers are using some kind of Bossware, says HR expert Rob Wilson.
With an expected turnout in the hundreds of thousands, they had to prepare.
The change will allow entrepreneurs in Cuba to import food, equipment, and other goods, along with allowing Cuban business owners to bank with U.S. banks.
The Grammy Award-winning and multi-platinum music producer made a special appearance at the North Miami Beach Small Business Summit and Expo on Wednesday to receive the honor.
Under the new law signed this week, ByteDance has nine to 12 months to sell the platform to an American owner, or TikTok faces being banned in the U.S.
Miami-Dade is one of multiple counties that have water shortage warnings due to ongoing drought conditions.
CBS News Miami speaks to the victim's family members moments before deputies say she died after being shot by an MDSO deputy.
Terrance Gore, a former outfielder and three-time World Series champion known for his blazing speed on the base paths, has died at 34 years old, according to Major League Baseball officials.
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
A 19 year old high school student has been given an over $2000 bond after police say she pulled the employees' hair and pinned them to the ground.
Miami-Dade is one of multiple counties that have water shortage warnings due to ongoing drought conditions.
CBS News Miami speaks to the victim's family members moments before deputies say she died after being shot by an MDSO deputy.
Terrance Gore, a former outfielder and three-time World Series champion known for his blazing speed on the base paths, has died at 34 years old, according to Major League Baseball officials.
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
A 19 year old high school student has been given an over $2000 bond after police say she pulled the employees' hair and pinned them to the ground.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
If the June deadline is not met, the Trump administration will likely put pressure on both sides to meet it, Zelenskyy told reporters.
President Trump late Friday addressed a video posted to his social media account that included a racist depiction of Barack and Michelle Obama as apes, telling reporters he didn't see the part that showed the former president and first lady.
The criticism continued even after the White House removed the video after the initial backlash.
A judge ordered the U.S. to return three migrant families who were affected by President Trump's family separation policy in his first term and then deported in his second.
The bill by State Rep. David Borrero would order a study on moving Miami-Dade's Urban Development Boundary (UDB) line and eliminating longstanding safeguards designed to protect the Everglades, requiring any project outside the UDB to receive a two-thirds vote of the County Commission.
Haitian American advocates, like Miami Dade County Commissioner Marlene Bastien, say the move is both cruel and creates a sense of fear in the community.
For more than a year, Gov. Ron DeSantis has said he wants to do away with all homesteaded property taxes, arguing homeowners should not have to pay rent to the government.
Raquel Pacheco said she has "hope" after seeing the worldwide reaction to the video she posted of two Miami Beach police detectives showing up at her house because she had posted a critical comment on Facebook about Miami Beach Mayor Steve Meiner.
Jim DeFede discusses Governor Ron DeSantis' eighth and final State of the State address with House Speaker Danny Perez.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
In a new study that could have significant implications for future Alzheimer's treatment, researchers at the University of Miami have successfully figured out how to combat one of the early signs of the neurodegenerative disease.
One patient reports getting stuck with a $2,418 "facility fee" after seeing her doctor. "I didn't even know such a thing existed," she said.
Jimmy Carter made eradicating the Guinea worm a top mission of The Carter Center. Now it could soon become the second disease eradicated in history.
The House's Health Care Facilities & Systems Subcommittee approved the bill which also changes multiple laws and restrictions involving nursing homes, dental hygienists, and registered nurses.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
Bad Bunny says he wants to bring his culture to his 2026 Super Bowl halftime show Sunday.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.