Posted April 29, 2021

OSAKA, Japan (BRAIN) — Shimano sales in its bike division were up 76.3% in the first quarter, compared to the same period last year; operating income in the division was up 170%.

Posted April 26, 2021
Organizers cancel four other events because of demo bike shortage.

MOAB, Utah (BRAIN) — Outerbike announced Monday it will hold two events this year and canceled four others this summer because of a demo bike shortage.

Posted March 31, 2021

WASHINGTON (BRAIN) — The Paycheck Protection Program has been extended another 60 days until May 31 for small-businesses owners to apply for financial assistance in the wake of the COVID-19 pandemic.

Posted March 10, 2021

WASHINGTON (BRAIN) — The Small Business Administration granted 20% more Paycheck Protection Program loans to minority-owned businesses and 14% more to women-owned businesses during its 14-day period when nonprofits and those with fewer than 20 employees received exclusive access.

Posted March 4, 2021

STROMLO, Australia (BRAIN) — Sea Otter Australia will make its long-awaited debut in October after the inaugural event was canceled last year because of the COVID-19 pandemic.

Posted February 23, 2021

WASHINGTON (BRAIN) — The Small Business Administration will provide businesses and nonprofits with fewer than 20 employees an exclusive 14-day Paycheck Protection Program loan application period.

Posted February 17, 2021
Photo by Paul Tolme/Cascade Bicycle Club

SEATTLE (BRAIN) — When the co-founder of the Seattle Pedaling Relief Project recently added up the weight of all the food and supplies the nonprofit initiative has delivered on behalf of food banks since last spring, he was stunned at the number: 88 tons. “I was blown away,” says Maxwell Burton.

Posted February 9, 2021
Company forecasts 21% increase in 2021 as it celebrates its centennial.
Shimano celebrates its 100th anniversary this year.

TOKYO (BRAIN) — After a rocky start, Shimano managed a 2.7% increase in revenues last year in its bike division, and an 18% increase in operating income in its bike business.

Posted February 8, 2021

(BRAIN) — A C-student in whatever class comes before Economics 101 could predict price increases in the industry in 2020, given the imbalance between supply and demand. And 2021 will likely see retail prices go up another 10-25%, experts say.

Posted February 2, 2021
This includes trails where physical distancing can't be maintained.

WASHINGTON (BRAIN) — As part of the recent President's Executive Order to protect the federal workforce during the COVID-19 pandemic, the National Park Service on Tuesday implemented a mandatory mask requirement for visitors, employees, partners, and contractors.

Posted January 26, 2021

WASHINGTON (BRAIN) — The Biden administration is working with the U.S. Small Business Administration to address eligibility, compliance, and integrity issues while promoting transparency in obtaining first-time Paycheck Protection Program loans.

Posted January 19, 2021

WASHINGTON (BRAIN) — The U.S. Small Business Administration approved about 60,000 Paycheck Protection Program loans in the first week after being reimplemented in December.

Nearly 3,000 lenders submitted applications for more than $5 billion between Jan. 11-17.

Posted January 11, 2021

MONTEREY, Calif. (BRAIN) — The Sea Otter Classic has moved its event to October from May because of the worsening COVID-19 pandemic.


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