Industry News – March 31, 2022

Vice President Harris Promotes New Business Initiative for the Capital Region 

Vice President Kamala Harris will join corporate business leaders to promote a new $4.7 billion commitment to boost minority-owned businesses and underserved communities in Washington, D.C., Richmond, and Baltimore. The Greater Washington Partnership, a non-profit civic alliance overseeing the pledge, will work with over a dozen corporations and organizations, including Amazon, Capital One, and JPMorgan Chase. 

Source: Richmond Times-Dispatch 

 

Maryland Government Announces Tax Relief for Small Businesses 

Maryland Governor Larry Hogan and the legislature agreed to a $1.86 billion tax relief agreement for the state. The five-year plan includes incentives for small businesses to hire workers from underserved communities. 

Source: NBC 4 Washington 

 

$20 Million Grant Given to Support Miami Small Businesses 

Wells Fargo announced a $20 million grant to The Miami Foundation, a non-profit that supports historically disadvantaged small business owners. The grant will empower businesses through capital and technical assistance. 

Source: Miami’s Community News 

 

Tips For Small Businesses to Cut Long Term Expenses 

Small businesses owners and entrepreneurs are always looking for ways to save money and time for greater profitability. That includes automating necessary financial tasks and negotiating with suppliers for better deals. 

 Source: Sunday Vision 

 

American Express Offering Grants to Historic Restaurants 

To help support the restaurant industry, American Express and the National Trust for Historic Preservation sponsor the Backing Historic Small Restaurants grant program. In its second year, the program will award 25 grants of $40,000 to historic restaurants throughout the country. Deadline to apply is April 4. 

Source: Small Business Trends