Industry News – September 1, 2022

U.S. Secret Service Seizes $286 Million in Fraudulent Covid Relief Funds  The U.S. Secret Service announced it had recovered $286 million in illegally taken Covid relief. Since 2020, over $1 billion in pandemic relief funds have been recovered since the start of the...

Policy News – September 1, 2022

Senators Cory Booker (D-NJ) and Ben Cardin (D-MD) wrote a letter to U.S. Small Business Administrator Isabella Casillas Guzman asking to make the SBA’s core loan programs more accessible to those impacted by the criminal justice system. The Senators urged the 7(a) and...

Industry News – August 25, 2022

Ally Financial Invests $30 Million in Venture Capital Funds for Black Business Month  Ally Financial plans to invest $30 million in venture capital funds to elevate women of color owned businesses and those focused on increasing Black entrepreneurship. Ally will also...

Policy News – August 25, 2022

The Treasury Department announced that four states – Colorado, Montana, New York, and Oregon will receive up to $750 million overall to offer financial capital to small businesses under the State Small Business Credit Initiative.  New York will receive the most...

Industry News – August 18, 2022

Celebrate Black Business Month with Gifts from Black-Owned Businesses Under $50  August is Black Business Month. Consumers can celebrate and support Black Owned Businesses with the list of unique gifts all under $50.   Source: New York Magazine    Job Unhappiness at...