The Voice: Industry News - June 5, 2018
June 5, 2018
Microbusiness owners are optimistic about the coming year, with 52% of owners in firms with 0-4 employees expecting to see an uptick in revenue in the next year, and 35% projecting revenue will stay about the same, according to the Q2 MetLife & U.S. Chamber of Commerce Small Business Index.
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, has been granted Preferred Lender status under the United States Small Business Administration’s (SBA) Preferred Lenders Program (PLP).
Mentoring doesn't just help young professionals gain the experience and wisdom they need in the workforce, it can also increase the likelihood of small business success.
Source: CPA Practice Advisor
Like everything involved in running a small business, maximizing your financing efforts is possible. Just blindly looking for investors may work, but it would be the exception rather than the norm. Here are a few things you can do to maximize the effectiveness of your financing campaign...
Source: Atlanta Small Business Network
Employee compensation and hiring numbers are on the rise among small businesses, according to the National Federation of Independent Business’s (NFIB) monthly jobs report.
Source: Financial Regulation News
Delane Parnell’s company PlayVS is on its way to becoming the largest Series A raised by a Black-owned consumer internet company.
Wells Fargo & Company (NYSE: WFC) announced that 13 Community Development Financial Institutions (CDFIs) around the U.S. have been selected to receive $12.1 million in lending capital and grants under the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program.
Source: Business Insider
June 18, 2018
Bank of America Invests $200,000 in Carolina Small Business Development Fund
nk of America commits $200K to Carolina Small Business Development Fund (CSBDF) to help expand access to capital to underrepresented veteran-owned small businesses in the Carolinas.
June 18, 2018
Introducing...the Tapestry Project
On June 19th, AEO announced the launch of the Tapestry Project, an initiative that seeks to accentuate and accelerate Black business development so that existing businesses and aspiring entrepreneurs reach their full potential.