U.S. Small Business Confidence Stalled in May Per New Survey
According to a survey of small business owners by the National Federation of Independent Business, the expectation for better business conditions dropped in May, reaching a new low in the survey’s five-decade history. Economists look to the report to get a gauge of domestic trends in hiring and wage increases.
Nearly $400 Billion in EIDL Loans Given to Small Businesses Through Pandemic
The U.S. Small Business Administration (SBA) awarded nearly $400 billion in EIDL loans to almost four million small businesses impacted by the pandemic during the program’s life. 90% of the loans went to companies with ten employees or less.
Source: Small Business Trends
Black Entrepreneur Secures $13.4 Billion Defense Contract
Isaac Barnes, president of the Black-owned tech firm Eminent Future, was recently awarded a $13.4 billion contract with the U.S. Air Force and U.S. Space Force. Barnes also hopes his new venture will inspire more diversity within the tech industry.
Source: Black Enterprise
Five Tips for Companies to Improve Their Packaging
As businesses seek ways to cut costs and improve customer satisfaction, one key thing to consider is a product’s packaging. Here are five ways to help personalize packaging and make it environmentally friendly.
Source: CEO Today Magazine
Recommendations for Rapidly Growing Small Businesses
Rapid company growth is always exciting, but it can also have unexpected side effects. Here are some suggestions to ensure an organization is on the right track to success.