News (2067)

Black Owned Small Businesses Not Out of Woods Yet

Despite overall small business optimism, black owned businesses are still worried about their future, reports Fortune. 

Last year was all about staying afloat for Elizabeth Blount McCormick. As the president and owner of Ohio-based travel management company Uniglobe Travel Designers, Blount McCormick found herself at the helm of a 40-year-old business that had the misfortune of operating in one of the hardest-hit industries in 2020.


The Government Rescinds Some Payments

The federal government is rescinding thousands of dollars in aid promised to restaurants, reports NBC 15. 

Almost 3,000 small business owners are facing the rollback of federal money they were promised under the Restaurant Revitalization Fund. Less than three weeks ago, the U.S. Small Business Administration (SBA) stopped distributing money from the fund, leaving some business owners hanging.


As Small Businesses Begin Slow Recovery from COVID-19, National Association Awards $12k in Growth Grants

With the small business community beginning the slow recovery from the devastating COVID pandemic, the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-business community, announced $12,000 in Growth Grants to three local Florida, Texas and New York businesses for the first quarter of 2021.  Today’s announcement also includes a  partnership with DELL Small Business who generously has sponsored $4,000 for the January Growth Grant award.


Senators Work to Protect Businesses from Cybercrime

Senators have introduced a bill that would help protect small businesses from cyberattacks, reports the Hill. 

A bipartisan group of senators Thursday introduced a bill intended to protect small businesses from cyberattacks after hacks crippled some of the country’s largest companies.


Small Business Fight Inflation

With inflation rising, small businesses are working to keep prices affordable for consumers, reports WBIR. 

If you've felt like prices on everyday items have gone up over the past year, you're not wrong.  A new report from the Bureau of Labor Statistics said there has been a 5 percent inflation on items over the past 12 months.


Using Insta to Spark Sales

According to Small Business Trends, small businesses can use Instagram to drive sales. 

Instagram is one of the most powerful online marketing tools available to today’s businesses. But there are many tasks for business owners to consider to make the most of the platform.


Small Businesses Worry About Future

A new survey reveals that 35% of small businesses could fail over the summer, reports 

The Covid-19 pandemic continues to weigh heavily on the finances of small business owners, and one recent survey found 35% could face challenges surviving through the summer.


Paycheck Protection Funding Ends Early

Latest round of Paycheck Protection Funding was exhausted three days ahead of schedule, reports Nation’s Restaurant News. 

On Tuesday, the U.S. Small Business Administration officially announced that the third round of the Paycheck Protection Program had closed to new applicants on Friday, May 28, three days ahead of its scheduled expiration date, after funds ran out.


Small Businesses Short Employees

Small businesses are having a hard time filling open positions, reports Reuters. 

Nearly half of U.S. small business owners reported unfilled job openings in May, marking the fourth consecutive month of record-high readings as finding qualified applicants remains a lingering challenge, a trade group said on Thursday.


Small Businesses Have Debt Due to Pandemic

Small businesses that survived the pandemic now need help managing debt acquired during the pandemic, reports the Advertiser-Tribune. 

After more than a year of navigating lockdowns, mandates and COVID-19 protocols, small-business owners are starting to see a light at the end of the tunnel. But the debt many needed to take on to weather the pandemic still casts an ominous shadow.


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