Federal Reserve Bank of Cleveland to Webinar on Supplier Diversity Programs 

The Federal Bank of Cleveland will host a free online webinar on supplier diversity programs on September 14. Experts will examine current trends impacting small, minority- and women-owned businesses, review best practices, and share lessons learned in the space. 

Source: ClevelandFed.org  


Alabama Innovation Corporation Gives $4.5 Million in Grants to Small Businesses 

The Alabama Innovation Corporation awarded $4.5 million in grants to 30 Alabama-based small businesses. The initiative, created by the state government, gives grants to companies that have been granted Phase I or Phase II awards through the Federal Small Business Innovation Research Program or Federal Small Business Technology Transfer Program. 

Source: Alabama Daily News 


Tips to Increase Enterprise Value of a Small Business 

Many owners of small family businesses too often focus on day-to-day tasks that they forget how to focus on ways to scale their company. These include getting their finances in order, creating a vision statement, and developing a sales and marketing strategy. 

Source: Kiplinger.com 


Citigroup Joins Government Effort to Increase Business Credit 

Citigroup plans to launch a pilot program in Los Angeles to allow 20 bank branches to give loans to small businesses owned by minorities, women, and veterans. The megabank also plans to offer two pilot programs in 2023 that provide credit access to underserved communities.  

Source: ThePaypers.com  


New Government Plan Could Expand Overtime for More Workers 

The U.S. Department of Labor is working on a plan to potentially increase the number of salaried workers eligible for overtime. If approved, workers making up to $50,000 annual salary would be eligible. 

Source: CapitalandMain.com