Policy News – September 29, 2022

Commerce Secretary Gina Raimondo announced $4.7 million in funding to help the Minority Business Development Agency (MBDA) to expand its business centers across the country. The announcement came during the department’s Minority Enterprise Development week. $2.6...

Industry News – September 29, 2022

Small Business Loans Could Reach Double Digit Interest Rates Due to Federal Reserve  As the Federal Reserve continues to raise interest rates to fight inflation, small business loans may hit double digits soon. This includes Small Business Administration loans tied to...

Industry News – September 22, 2022

Federal Reserve Raises Interest Rates Once Again  The Federal Reserve, as expected, raised interest rates by another .75 percentage points. This is despite increasing criticism that this latest move to curb inflation will instead stunt economic growth.  Source: Yahoo!...

Policy News – September 22, 2022

The Small Business Administration (SBA) recently released a proposed rule to modify the 8(a) Business Development program for small contractors. The goal is to implement updates from past National Defense Authorization Act legislation and modify subcontracting,...

Industry News – September 15, 2022

White House Discussing Contingency Plans as Potential Rail Strike Looms  The White House is discussing contingency plans in case a potential nationwide rail strike happens, which would cripple supply lines. Sixty thousand rail union workers plan to strike unless their...