Industry News – June 16, 2022

Small Businesses Cut Back on Spending as Inflation Rises  As a possible sign of an upcoming recession, many small businesses are cutting back on spending in their day-to-day operations. Competition from larger companies over needed supplies and the workforce staffing...

Policy News – June 9, 2022

The Small Business Administration (SBA) awarded nearly $2 million to nonprofit organizations providing the “Boots to Business” entrepreneurship training program to military service members, spouses, and veterans. Under the Biden-Harris Administration, helping small...

Industry News – June 9, 2022

Nearly 400,000 Women Joined U.S. Labor Force in May  The U.S. economy added 390,000 jobs last month, and women, and specifically women of color, saw significant gains in their employment participation rate. However, the unemployment rate increased slightly for several...

Policy News – June 2, 2022

President Biden met with Federal Reserve Chair Jerome Powell this week to discuss the impact of rising inflation on the country. In a recent op-ed for the Wall Street Journal, Biden said that fighting inflation was the government’s top economic challenge now. Biden...

Industry News – June 2, 2022

Inflation Eases Slightly as Consumers Keep Spending  New reports showed that U.S. consumers increased spending by 0.9% in April. As a result, inflation dipped to 6.3% in April from 6.6% in March. Yet, consumers only saved 4.4% of their disposable income in April, the...