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News (2185)

Tough Decisions for Small Business

With rising costs, small businesses have to choose whether to raise their prices and potentially lose customers or hold prices the same and lose money, reports Fortune.

During the pandemic, Aaron Mulherin would travel as far as 150 miles from his home in Marion, Iowa, to do jobs for his glass installation company.

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Funding Small Businesses Retirement Accounts

Small business owners can take advantage of a downturn in the stock market to boost their retirement portfolios, reports CNBC.

Small business owners are among the Americans most likely to fall behind on saving for retirement.

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Hiring Family Members

According to the Journal of Accountancy, small businesses often hire family members, but there are both advantages and disadvantages to doing so.

In the 1972 movie The Godfather, Don Vito Corleone famously preferred that his son Michael pursue a career in politics. 

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Additional Small Business Funding

Small businesses can now apply for the state small business credit initiative funded by the treasury department, reports The Guardian.

A not-so-new federal program to help small businesses just began distributing funds this past week. How much? How does $10bn sound?

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Small Businesses in Danger

Without government relief many small businesses could close in the coming months, reports Common Dreams. 

Advocates for independently-owned businesses warned that restaurants, gyms, and other Main Street businesses across the U.S. will be forced to close in the coming months after Republicans in the Senate on Thursday blocked a $48 billion package to provide relief to owners who have struggled to stay afloat during the coronavirus pandemic.

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Famous Amos Offers Grants

According to Small Business Trends, Famous Amos is offering another round of small business grants to black entreprenuers. 

Cookies maker, Famous Amos, has announced the availability of the second round of small business grants for black entrepreneurs. 

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NASA Encouraging Small Businesses

Under NASA’s Small Business Innovation Research, hundreds of small businesses have been selected to bring their ideas to development.

NASA has selected hundreds of small businesses and dozens of research institutions to develop technology to help drive the future of space exploration, ranging from novel sensors and electronics to new types of software and cutting-edge materials. 

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Cyber Attacks Threat to Small Business

Small businesses aren’t prepared for a cyber attack, reports CNBC.

Some of the highest profile cyberattacks on the U.S. in recent years are alleged to have originated in Russia, including the 2021 attack on the Colonial Pipeline — the largest fuel pipeline in the U.S. — the SolarWinds attack in 2020, and the 2016 hacking into the Democratic National Committee.

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Senate Blocks Covid Funds

Additional Covid relief funds for restaurants were blocked by the senate, reports the Hill.

The Senate on Thursday blocked a bipartisan bill to provide $48 billion to restaurants, gyms and other small businesses hit particularly hard by the pandemic.

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Comcast Offering Grants

According to Small Business Trends, Comcast is offering grants to small businesses owned by women and people of color in several metropolitan areas. 

Businesses in communities around the country are still reeling from COVID and its after-effects.

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