Industry News – March 9, 2023

Treasury Department Details CDFI Awards The U.S. Treasury Department Community Development Financial Institutions (CDFI Fund) will deliver $194.1 million in financial assistance awards to 252 Community Development Financial Institutions. Award recipients also included...

Policy News – March 9, 2023

SBA Administrator Isabella Casillas Guzman announced that National Small Business Week will be held on April 30 to May 6, 2023. During the week, the SBA recognizes the hard work, ingenuity, and dedication of America’s small businesses, and celebrates their...

Policy News – March 2, 2023

The U.S. Department of the Treasury recently approved up to $339 million in funding for five states and territories under the State Small Business Credit Initiative (SSBCI). They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. SSBCI was...

Industry News – March 2, 2023

Economists Expect Recession to Start Later in 2023 Per New Survey    A new survey of business economists found the majority of them now predict a potential recession will happen later this year. The change in sentiment is due to a strong job report and retail sales in...

Policy News – February 23, 2023

The Office of Management and Budget (OMB) announced the launch of two new online tools to help more small businesses participate in the overall process for federal contracts. The first tool is a supplier-based dashboard that will help federal agencies track the total...

Industry News – February 23, 2023

Black Farmers Received Lowest Amount of USDA Loans in 2022 Per New Analysis Only 36% of Black farmers were granted direct loans by the U.S. Department of Agriculture (USDA) based on an NPR analysis of submitted applications. Advocates for farmers of color cite the...