The Federal Reserve’s recent small business survey revealed that many companies still struggle to hire workers and overcome supply chain challenges. Black-owned, Asian-owned, and Hispanic-owned firms were also more likely to say their finances were in poorer shape than this time last year.
A new program in Massachusetts will focus on helping small businesses in the state that employ between two and 50 people. $25 million will be directed toward enterprises that did not qualify for previous grants and $50 million will be directed to companies that reach underserved markets and historically underrepresented groups.
Building successful hybrid or mixed in-person and online teams require focus and flexibility. Here are some tips for creating solutions that meet both staff and management goals.
Two Rhode Island-based nonprofits joined together to provide microloans to local Asian Americans and Pacific Islanders-owned (AAPI) businesses. A total of $175,000 will be distributed among 12 eligible companies.
Source: WJAR-TV 10
The Iowa Center for Economic Success, a Des Moines-based non profit, announced that its loan fund has been certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI). The organization has been lending since 2015, but began pursuing CDFI certification in 2021.
Source: Clay and Milk.com