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SBA Grants Get More Funding

According to Mass Live, a new proposal by the U.S. House Small Business Committee would add $25 billion to the SBA grant and lending program. 

A $25 billion proposal recently approved by the U.S. House Small Business Committee would boost a number of Small Business Administration grant and lending programs.

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Minority Businesses Still Struggle to Recover

Minority businesses are less likely to have recovered from covid related shut downs, reports the Hill. 

The United States is seeing a disturbingly inequitable economic recovery. One survey found that more than a quarter (27 percent) of minority-owned small businesses remained closed, compared to 18 percent of other small businesses.

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Cyber Liability for Small Businesses

Small businesses should invest in cyber liability insurance to protect their business, reports Forbes. 

Cyber crime against a business can lead to the damage and misuse of sensitive information. If this happens, recovery costs can mount and include specialized repairs and legal fees.

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