60% of Small Business Owners Expect their Revenue to Increase This Year

According to the Bank of America 2021 Small Business Owner Report, U.S. small business owners have started to regain their footing after an unprecedented year of challenges brought on by the coronavirus. The research, based on a survey of nearly 1,000 small business owners across the country conducted in March, reveals business outlook and economic confidence have bounced back significantly from levels seen in the fall.

Source: Yahoo! Finance


Kroger Touts Supplier Diversity Progress, Launches Small-Business Guide

In 2020, Kroger’s diverse supplier spend climbed 21% to $4.1 billion. The company has a goal of spending $10 billion with diverse suppliers by 2030. In support of its ambition to continue signing on new entrepreneurs and expand relationships with existing diverse suppliers, Kroger is introducing a Small Business Resource Guide. The 12-page guide features advice on pitching to retailers, managing supply chains effectively and planning for growth. It also highlights mini case studies from a handful of Kroger’s diverse suppliers.

Source: Winsight Grocery Business


Women of Color Drove Small Business Creation in 2020

Lexi Reese, Gusto COO, joined Yahoo Finance’s Alexis Christoforous and Kristin Myers to discuss the opportunities and caveats aid programs like the PPP provided the small business that use Gusto. Lexi also explained ways that we better support women and women of color owned businesses to ensure that their businesses don’t just survive, but thrive.

Source: Yahoo! Finance