The Local Initiatives Support Corporation (LISC) is issuing up to $150 million of Standard & Poor’s (S&P) ‘AA-‘ rated fixed-income LISC Impact Notes to help accelerate its efforts to build economic opportunity, bridge the racial wealth gap, and support strong, healthy communities.
Source: PR Newswire
Evolving Small Business Support Could Save More American Jobs
Wells Fargo Head of Small Business, Steve Troutner says that their Open for Business Fund can’t be the only step.” More corporations and foundations need to follow suit and invest differently in nonprofits. That way, capital flows to organizations that extend capital to small businesses, as well as to those that provide sorely needed technical assistance, training, and resiliency programs that help small businesses evolve in response to major disruptions.”
Source: Washington City Paper
Hennessy Announces Second Phase of Unfinished Business Funding
Hennessy announces additional $1M investment in Unfinished Business, an initiative introduced in June 2020 to help Black, Asian and Latinx owned small businesses with the financial and educational resources to power through challenges of COVID-19.
Source: PR Newswire
Small Business Owners Who Pivoted to Digital-First Offerings – and Thrived During Lockdown
From a bakery setting up its first online shop to a personal trainer who moved her fitness classes online, these entrepreneurs used lockdown to reinvent their businesses, explore new revenue streams and tap into the mood of the nation.
Source: Yahoo! News
For Small-Business Owners, a Shifting Landscape of Resources
The biggest player, the Small Business Administration’s Paycheck Protection Program (P.P.P.), shut down in August, and Congress hasn’t agreed to more aid. This has put small-business owners in a tough spot and forced them to look for aid elsewhere.
Source: New York Times
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