The Federal Reserve, as expected, raised interest rates by another .75 percentage points. This is despite increasing criticism that this latest move to curb inflation will instead stunt economic growth.
Source: Yahoo! Finance
According to recent Census Bureau statistics, five states provided the best success opportunities for black entrepreneurs. They included Delaware, Maryland, Virginia, Nevada, and Texas.
The Washington D.C. Mayor’s Office recently partnered with SMBX to allow individuals to invest directly in Black and Women-owned small businesses. Companies can raise the capital they need while investors earn interest through a secure bond.
Source: Washington Informer
September 30 is the deadline for New York state small businesses to apply for its seed funding program. This grant is available for those companies who did not earlier qualify for the state’s earlier Covid-19 recovery grant program.
Source: Bronx News 12
The Utah-based Suazo Business Center has helped create over 5,000 small businesses in the state. The center provides courses for entrepreneurs and assistance with securing loans.