Industry News – July 6, 2023

Small Business Owners Can Access Business Prime Duo For Free

Amazon recently announced that it will provide small business owners with Business Prime Duo for free when they have a Prime membership. Business Prime Duo is a service that combines Amazon Business and Amazon Prime benefits, offering small business owners access to a wide range of features and services to streamline their operations. With this new initiative, small business owners can leverage the benefits of both programs to enhance their purchasing power, and simplify their procurement processes. By bundling these services, Amazon will support small businesses and foster their growth by providing them with convenient access to a comprehensive suite of tools and resources in a single membership.

Source: Business Wire

 

SBA Offers Loans To Businesses Disrupted By I-95 Collapse

The recent highway collapse on I-95 in Philadelphia has prompted the Small Business Administration (SBA) to offer loans to businesses affected by the disruption. The collapse, which resulted in a major road closure, severely impacted local businesses in the area. The SBA has stepped in to provide financial support in the form of low-interest loans to help these affected businesses recover and resume their operations. The loans are aimed at assisting with the repair of property damage, equipment replacement, and other necessary expenses. This effort by the SBA aims to alleviate the financial burden on these businesses and facilitate their recovery from the aftermath of the highway collapse.

Source: FOX 29

 

NFIB Speaks Up For Small Businesses In Tax Policy Hearing

The National Federation of Independent Business (NFIB) has recently advocated for small businesses in a congressional hearing focused on tax policies. Representing the interests of small business owners, the NFIB highlighted the need for fair and simplified tax policies that would support and promote the growth of small businesses. They emphasized the importance of reducing tax burdens, eliminating unnecessary regulations, and providing incentives for investment and innovation. The NFIB argued that such measures would not only benefit small businesses but also contribute to overall economic growth and job creation.

Source: Small Business Trends