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In a recent update, the Small Business Administration has provided additional details about the “targeted” advances that are part of the new round of COVID-19 Economic Injury Disaster Loans, or EIDL. Unlike the previous advances—which any small business could theoretically snag, even if it wasn’t approved for the loan—the new program will be eligible only to businesses located in low-income communities that can demonstrate “more than 30% reduction in revenue during an 8-week period beginning on March 2, 2020, or later.” … [Read more...] about SBA targeted advance: What small businesses need to know about the disaster loan program for 2021

Leading stock photography company Shutterstock announced today that it has acquired TurboSquid, a digital media company that sells 3D assets, for $75 million. The move is both a talent and an IP acquisition, and it will give Shutterstock’s two million customers—which include everyone from professional creatives to so-called pro-sumers who use editing tools to develop website and social media content—access to raw materials for making images from scratch. The move suggests that the future of photography doesn’t have to involve a camera. … [Read more...] about Shutterstock makes a $75 million bet that the future of photography won’t always involve cameras