Consumer’s Expectations for Future Inflation Decreased Last Month
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.
GoFundMe Offering $30,000 in Black Business Grants
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.
Black Woman Owned Digital Hub Aims to Help Bridge Capital Access Divide
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.
New App to Address Staff Shortages Gains $1 Million in Seed Funding
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 Will Now Verify Businesses as Asian-Owned
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.