In a win for the Federal Reserve, consumer outlook for inflation decreased in July due to lower gas prices and a steady belief that housing and food prices will drop soon. However, another round of interest rate hikes is expected.
In celebration of Black Business Month, GoFundMe.com is giving away up to $30,000 in grants to Black-owned businesses that are giving back to their communities. Applications are due by August 31.
A new digital community bank called Guava aims to help Black small business owners gain access to capital. In addition to providing financial guidance, the bank will also provide a safe space for entrepreneurs to create investment networks.
Atlanta tech startup ImIn Inc received $1 million in seed funding just six months after its debut. The startup seeks to solve employee absenteeism through a new app that gives employees more flexibility in their schedules.
Source: Atlanta Small Business Network
Google announced that verified U.S. businesses can now designate themselves as Asian-Owned on the website. Google also continues to partner with the US Pan Asian American Chamber of Commerce to offer digital skills training to small business owners.