Industry News – June 2, 2022

Inflation Eases Slightly as Consumers Keep Spending 

New reports showed that U.S. consumers increased spending by 0.9% in April. As a result, inflation dipped to 6.3% in April from 6.6% in March. Yet, consumers only saved 4.4% of their disposable income in April, the smallest amount since the last recession in 2008. 

Source: The Balance.com 

 

Famous Amos Offers $50,000 Small Business Grants to Black Entrepreneurs 

The Famous Amos Ingredients for Success Entrepreneurs Initiative will offer up to three qualifying Black-owned small businesses an unrestricted grant of $50,000. The application deadline for submissions is June 26. 

Source: Small Business Trends 

 

Apple App Store Supports Over 2.2 Million U.S. Jobs Per New Research 

New research showed that Apple’s iOS app economy supports over 2.2 million U.S. jobs and saw a 118% increase in small developer income in the past two years. In addition, 45% of those developers now making over $1 million in sales were either not on the platform or had less than $10K in sales five years ago. 

Source: Apple.com 

 

Homeland Security Announces 17th Annual Small Business Advocate Awards 

The U.S. Department of Homeland Security (DHS) announced the fiscal year 2020 Small Business Advocate Awards. These awards recognize the achievements of small businesses that provide crucial services to the Department. 

Source: DHS.gov 

 

Why Businesses Should Consider Going “No-Code” 

While no-code software and platforms have been around for decades, more businesses utilize them for day-to-day business operations. Here are four reasons why no-code could make economic and organizational sense for any company. 

Source: Inc.com