U.S. Democratic Senators Introduce the Minority Business Resiliency Act

The bill would make the Minority Business Development Agency (MBDA)  permanent and expand the reach of the agency by creating regional MBDA offices, strengthening its grant making capacity, and increasing its coordination with other federal agencies.

Source: Sierra Sun Times



Thousands of U.S. Farms Receive $6.4 Billion in Small Business Loans

Over 100,000 entities received funds including soybean and corn farmers, beef and dairy operations, hunters and trappers, vineyards, and fruit and vegetable growers

Source: Bloomberg



New Visa Program Offers $10,000 Grants To Black Women Entrepreneurs

The grant program, via IFundWomen, has the goal of helping close the funding gap for the black women entrepreneurs who receive it. Grant recipients will receive mentoring by private coaches, educational resources, connection with a network of female business owners, and an annual membership in IFundWomen. The application process will close July 31, 2020.

Source: Forbes



Venmo Pilots Business Payments For Small Businesses

Venmo will introduce a new feature for businesses to accept payments separate from the individual owner’s account. More than 75 percent of the small businesses in the U.S. are sole proprietors and Venmo wants to aid them in the times when the pandemic has shut down many businesses.

Source: PYMNTS



Learning From Women-Owned Small Businesses: The Most Important Sector of Our Economy

“I want to better understand how gender influences entrepreneurship and learn more about the advice that women owners in particular have to share as they build and flourish” says the author. Read more about the lessons from women entrepreneurs.

Source: Forbes