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February 17, 2026

TMC Financing Celebrates 2026 Coleman Award Winners, Recognizing Excellence Across SBA Lending TMC Financing is pleased to announce that several members of its team, along with the company itself, have been honored as part of the 2026 Coleman Report SBA Lender Awards. These recognitions highlight organizations and individuals whose achievements in SBA lending strengthen small business communities and expand access to long‑term, affordable financing. TMC Financing has long been committed to empowering entrepreneurs across its footprint, and this year’s awards reflect both strong FY25 production and meaningful growth in new markets. TMC Financing earned the SBA Underserved Market Lender of the Year award after completing a record‑setting FY25 with 548 SBA 504 loans and more than $2.4 billion in total project financing, supporting over 7,000 jobs. This recognition underscores the company’s continued efforts to reach more businesses with stable, fixed‑r
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July 30, 2024

In a recent project, TM Process & Controls, Inc. undertook a detailed power system study at one of the largest distillation facilities in the US Virgin Islands. The mission was to enhance electrical safety and system efficiency through a series of critical analyses and updates. The team’s work included a Short Circuit Analysis, an Arc Flash Study, and Protective Device Coordination. Additionally, they applied OSHA-required NFPA 70E labels and updated the facility's single line drawings. This comprehensive study, suggested by OSHA every five years or following major electrical modifications, aims to mitigate electrical hazards and ensure the safety of personnel working with electrical systems. While the project focused on a major distillery, the same rigorous safety measures and studies can be applied to various industrial manufacturing facilities, including wineries of all sizes. The primary goal of these assessments is to prevent electrical accidents and protect workers
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June 28, 2024

JUNE 28, 2024 – Winners have been announced in the 17th annual Women’s International Wine & Spirits Competition (IWWSC). The competition, which took place June 10-12 in Santa Rosa, Calif., was founded on the premise that the majority of wine purchased for home consumption is bought by women. The IWWSC judging panels consist entirely of professional women in the wine and spirits industries — winemakers, distillers, marketers, buyers, sommeliers, educators and journalists. “As always, the International Women’s Wine & Spirits Competition shined a spotlight on hundreds of deserving wines,” says Debra Del Fiorentino, owner of Wine Competitions Management & Production, which organizes and presents IWWSC. “And even though entry is open to all winemakers regardless of gender, I found it gratifying that six of this year’s sweepstakes wines were created by women. And our overall wine winner also was named Best Woman Winemaker
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April 3, 2024

Hall Unveils Partnership with Prestige Wine Group to Introduce Its Luxury Wine Portfolio within the U.S. & British Virgin Islands
NAPA VALLEY, CALIF. (April 3, 2024) – HALL, a family-owned winery in Napa Valley that produces award winning, distinctly sourced, and expressive wines, for their three labels – HALL, WALT […]
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January 3, 2024

Along with New York and the U.S. Virgin Islands, California is facing a reduction in Federal Unemployment Tax Act (FUTA) credit for 2023, which means employers in California pay higher FUTA taxes retroactively in January 2024 for wages paid in 2023 due to the state’s outstanding federal loans. Many states, including California, experienced a FUTA Credit Reduction of 0.3% for 2022, and will be subject to an additional 0.3% credit reduction for 2023. What Is the Federal Unemployment Tax Act (FUTA)? The Federal Unemployment Tax Act (FUTA), passed in 1939, established a federal payroll tax to help fund and insure state unemployment benefits across the United States. This base federal payroll tax is 6% on the first $7,000 each employee makes in a year, which the employer is responsible for paying. Employers in most states are provided a Credit of 5.4% to this 6% FUTA rate. The results in a rate of 0.6%. State governments are also responsible for collecting unemployment taxes from
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FUTA CREDIT REDUCTION STATES RELEASED FOR 2023 Employers in California to Pay Higher FUTA Tax Rates Retroactively Employers in California, Connecticut, Illinois, New York, and the U.S. Virgin Islands will pay higher Federal Unemployment Act (FUTA) taxes in January 2023 for wages paid in 2022 due to unpaid federal loans. The Department of Labor & IRS recently announced that the Credit for FUTA taxes will be reduced for employers in these states. This results in an adjusted higher net tax rate. This increase will be based on FUTA taxable wages paid in the affected jurisdictions during 2022. This adjusted higher net rate must be calculated retroactively for 2022 and paid in January of 2023. California Employers will pay an additional 0.3% on FUTA taxable wages (first $7,000 of taxable wages times 0.3%, or up to $21 per employee) when the 2022 Form 940 is filed. According to IRS regulations, any increased FUTA tax liability due to a credit reduction is considered incurre
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