Nearly 400,000 Women Joined U.S. Labor Force in May 

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. 



New Initiative $250,000 Initiative Launched to Support LGBTQ Small Businesses 

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  


State Small Credit Initiative Begins Distributing $10 Billion in Funds 

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. 



Washington D.C. Bond Program Benefits Small Businesses 

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 


Retirement Planning Tips for Small Business Owners 

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.