The U.S. economy added 390,000 jobs last month, and women, and specifically women of color, saw significant gains in their employment participation rate. However, the unemployment rate increased slightly for several groups, including Women, Blacks, Latinos, and Asians.
The Human Rights Campaign (HRC) and Showtime launched a new $250,000 fund called “Queer to Stay” for LGBTQ small businesses. Eligible businesses who apply must show how they support the LGBTQ community and how COVID-19 has impacted them.
Source: The Hill.com
The U.S. Treasury’s first installment of its State Small Credit Initiative pandemic relief funding for small businesses starts this month. The first states to receive funds include Hawaii, Kansas, Maryland, Michigan, and West Virginia.
The DC Rebuild Bond Program provides low interest loans to qualifying businesses owned by entrepreneurs in marginalized communities. The initiative is a partnership between the D.C. Office of the Deputy Mayor for Planning and Economic Development and SMBX, a global marketplace that connects small businesses directly with everyday investors.
Source: Washington Informer
With entrepreneurs focused on the day-to-day running of their business, planning for retirement often gets put on the back burner. Here are some tips on how to get started now, including on intergenerational planning.