News (2411)
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.
Read more...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.
Read more...Facebook to Help Small Businesses
According to CNBC, Facebook is boosting women and minority owned small businesses by buying up their outstanding invoices.
Facebook this week announced a $100 million commitment to a program that supports small businesses owned by women and minorities by buying up their outstanding invoices.
Read more...Tips for Starting a Business From Scratch
Starting a business from scratch can seem daunting, but these eight steps can help get your business going, reports Entrepreneur.
We do amazing, meaningful things every day, but in small increments. We build a life, a family, a career, a worldview, a legacy — all in bite-sized pieces that are manageable in the moment, yet impactful in the long term.
Read more...Men Charged in Fraudulent Loan Scheme
Federal prosecutors have charged two men who fraudulently acquired $450,000 in small business disaster relief, reports WBUR.
Federal authorities announced Monday that men from Massachusetts and New Hampshire have been charged in connection with their alleged roles in a scheme that used stolen identities to fraudulently obtain more than $450,000 in disaster loans from the Small Business Administration.
Read more...Los Alamos Seeks New Retailers
According to the Santa Fe New Mexican, Los Alamos will begin a Retail accelerator program to help new businesses relocate to downtown Los Alamos.
A Los Alamos Retail Accelerator program will start in September to help entrepreneurs launch retail businesses in Los Alamos. Los Alamos lost several small businesses during the pandemic, and the city has challenges in attracting small businesses to town, said Lauren McDaniel, director of Los Alamos MainStreet, which supports businesses through promotions and incentives to revitalize downtown Los Alamos.
Read more...Filing Multi-State Taxes
Thanks to e-commerce small businesses may have to file multi state taxes reports Entrepreneur.
The majority of small businesses don’t file taxes outside their home state. This is simply because they are typically local and don’t have physical locations or connections to any other states.
Read more...Illinois Starts Small Business Grant Program
Illinois is implementing a Back to Business grant program to help small businesses across the state, reports Chicago Defender.
Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) today announced the $250 million Back to Business (B2B) grant program to support the continued recovery of small businesses across Illinois
Read more...Space Force Wants Small Business
According to Space News, the U.S.Space Force will award $50 million in contracts to small businesses and startups.
The U.S. Space Force is launching a new industry outreach program expected to award up to $50 million in contracts to small businesses and startups.
Read more...Helping Minority Owned Businesses Recover
Minority owned small businesses need an extra boost to help them during recovery, reports WTVR.
Small businesses are recognized as the backbone of the economy which is why helping them rebound is critical to Central Virginia's recovery from the coronavirus pandemic. Minority-owned businesses, specifically, might need an extra boost.
Read more...
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