News (2428)
SBA Awards Grants to 21 State and Local Economic Development Entities
The U.S. Small Business Administration has granted up to $125,000 awards in FY 2017 to 16 Federal and State Technology (FAST) Partnership Program recipients including state and local economic development entities, small business development centers, colleges and universities and up to $200,000 awards to five Small Business Technology Development Centers (SBTDCs) that provide support to innovative, technology-driven small businesses.
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Workforce Management Platform for Small Businesses
Snagajob, America's #1 network for hourly work, today announced the release of its new recruiting, scheduling and communication tool for small businesses. The comprehensive technology platform helps business owners and operators in the restaurant, retail and hospitality industries by streamlining administrative duties on a single platform, from managing shifts to removing complicated workflows and difficult user experiences.
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Free Phishing Simulation Solution for Small Businesses
PhishMe announced the availability of PhishMe Free™ – a no-cost phishing simulation solution for small businesses under 500 employees to condition employees and fortify their defenses against today's advanced cyberattacks, such as ransomware, business email compromise and spear-phishing.
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Small Business Employment Growth Continues to Moderate; Wages on the Rise
The latest Paychex | IHS Markit Small Business Employment Watch shows another monthly slowdown in small business job growth, while wages continue to rise at a steady pace. The Small Business Jobs Index dropped to 99.98 in July, 0.70 percent lower than in July 2016. An index level of 100 equates to moderate job gains, represented by the employment growth levels seen during the 2004 base year. National hourly earnings in July were $25.90, an increase of 2.94 percent ($0.74) year-over-year.
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Lending for Small Businesses Grows
Small Business Lending hits a record high in June, reports Reuters. The Thomson Reuters/PayNet Small Business Lending Index for June rose to 139.9, which is the highest since July of 2015.
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Minnesota Health Insurance Exchange Ends
According to the Star Tribune, the last insurer to offer healthcare on the Minnesota exchange won't return for 2018. Blue Cross Blue Shield was the last insurer on the MNsure health insurance exchange.
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Amazon a Boon to Small Business
Amazon is helping small businesses grow, reports Small Business Trends. Of those surveyed over half report that 50 percent of their sales come from Amazon.
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Credit Scores Go Up
According to Forbes, recent changes to how judgements and liens are reported to credit bureaus might cause personal credit scores to rise. This may affect small business owners the most as 17 percent of all small business owners have a judgment or lien on their personal credit reports.
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Don't Neglect Tax Credits
Small business owners often miss two tax credits that could help them reduce their tax burden, reports Inc. One credit, the Work Opportunities Tax Credit is available to firms that hire from targeted groups.
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Small Business Still At Risk
According to CNBC, a survey of small business owners found only 2 percent believe their business could be a target for cyber criminals. Their failure to take adequate measures to secure their data is what makes them tantalizing targets for cyber criminals.
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