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News

Small Businesses Will Feel Russian Sanctions

Small businesses will feel the economic ripple from the economic sanctions against Russia, reports CNBC.

Over 400 multinational corporations have pulled out of Russia as a result of its invasion of Ukraine.

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Meta Survey Finds Businesses Closed

Meta Platforms (a division of Facebook), conducted a survey that found 20% of small businesses worldwide were non operational.

A new survey by Facebook parent Meta Platforms finds that one in five small businesses worldwide, or 20%, reported they were not operational or engaging in any revenue-generating activities in January, a slight increase from 18% in July 2021.

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Grants Still Available

According to Small Business Trends, the federal American Rescue Grant continues to provide grants to small businesses. 

The economic stimulus grants provide small businesses can be the difference between staying open and closing entirely. Even before the pandemic, small business grants offered great opportunities to keep operating as well as support growth with strategic funding. 

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