Ally Financial Invests $30 Million in Venture Capital Funds for Black Business Month
Ally Financial plans to invest $30 million in venture capital funds to elevate women of color owned businesses and those focused on increasing Black entrepreneurship. Ally will also offer companies and founders support and consultative services.
Source: Atlanta Small Business Network
Apple’s Move to Reduce Data Tracking Impacting Some Small Businesses
While Apple’s recent decision to limit data tracking is seen as a victory for customer privacy, some business owners are feeling the impact. The tech giant’s change can limit how businesses advertise to new and existing customers.
Best Investments and Upgrades for Small Businesses to Make Now
Companies of all sizes should consider upgrades and investments to help grow and protect their livelihood. That includes professional photos, a disaster recovery plan, and finding a reputable accountant.
Source: Go Banking Rates
Worker Shortage Still Impacting Small Businesses
Small business owners still struggle to find enough workers to fill critical roles. Many owners cite a lack of capital and credit needed to fund competitive wages and sign-on bonuses.
American Rescue Plan Act Grants Still Available
American Rescue Plan Act (ARPA) grants are still available for eligible small businesses in select cities and counties across the country.
Source: Small Business Trends