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, 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.