News

Raising Awareness of the Issues Impacting Microbusinesses and Underserved Entrepreneurs

AEO Newsroom

Our Communications team works with media and digital partners to bring awareness of issues that impact microbusinesses and underserved entrepreneurs into the national conversation.

If you are a reporter on deadline please contact [email protected].

Policy News


Policy News – August 6, 2020

Policy News – August 6, 2020

Reminder! The deadline to apply for a Paycheck Protection Program loan is August 8, 2020. On Tuesday morning, Visa released a Back to Business study to explore the impacts of COVID-19 and help provide solutions to small and medium-sized businesses. Entrepreneurs and...

Policy News – July 29, 2020

Policy News – July 29, 2020

On Monday, Capitol Hill said goodbye to the Honorable John Lewis (D-Ga.). The late Congressman was lain in state under the Capitol Rotunda — the first Black member with that honor — as hundreds of his colleagues paid respects. On the small business front, Senator...

Policy News – July 22, 2020

Policy News – July 22, 2020

Last Friday, the House Committee on Small Business held a hearing entitled, "Oversight of the Small Business Administration and Department of Treasury Pandemic Programs" to hear from Steven Mnuchin, Secretary of the U.S. Treasury (Treasury), and Jovita Carranza, the...

Policy News – July 15, 2020

Policy News – July 15, 2020

The House Committee on Financial Services held a virtual hearing titled, "Access Denied: Challenges for Women- and Minority-Owned Businesses Accessing Capital and Financial Services During the Pandemic." Key witnesses include Ron Busby Sr., President and CEO of the...

Policy News – July 8, 2020

Policy News – July 8, 2020

Last week, the Congress passed legislation to extend the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan application period through August 8, 2020. The extension measure was signed into law by the president over the weekend. To date, the...

Policy News – July 1, 2020

Policy News – July 1, 2020

The window for Paycheck Protection Program (PPP) closed yesterday, June 30, 2020.  As of Monday evening, the program had about $134 billion in available liquidity remaining. To view the PPP approvals report through June 27,2020, click here.  the Department of Labor...

Policy News – June 26, 2020

Policy News – June 26, 2020

As the June 30th deadline approaches for small businesses to apply for the Paycheck Protection Program (PPP), the Small Business Administration (SBA) reports that nearly $130 billion in unallocated liquidity remain in the program. To view the latest PPP approvals,...

Policy News – June 19, 2020

Policy News – June 19, 2020

Earlier this week, the Federal Reserve Board rolled out the Main Street Lending Program, a $75 billion program that targets small and medium-sized businesses impacted by the economic downturn of COVID-19. The Program will operate through three facilities: the Main...

Policy News – June 5, 2020

Policy News – June 5, 2020

Wednesday, the Senate passed H.R.7010 the Paycheck Protection Program Flexibility Act (PPPFA) of 2020. The provisions in the PPPFA are set to have a major impact on loan forgiveness. Among the key provisions, is a change in the threshold for the amount of PPP funds...

Policy News – May 29, 2020

Policy News – May 29, 2020

Today, jobless claims for the week ending in May 23 were released. The report shows 2.1 million more Americans filed new claims for jobless benefits, falling from a total of 2.4 million applications the week before. Read the full report here. This afternoon, the House...

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Happening now! Join the live event with AEO's VP of Innovation Engineering, Hyacinth Vassell in a conversation with @jessomatt, Founder of @upowerco on Building Black Wealth. facebook.com/facebookelevate

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Industry News – August 12, 2020

Opinion: Dismantling Structural Racism in Community Development Finance “Community Development Entities (CDEs) owned or led by Black, Indigenous, and other People of Color (BIPOC) have consistently fared worse in the fierce competition for access to the credits.” Read...

Industry News – August 6, 2020

U.S. Chamber of Commerce Warns of Racial Inequality for Small Businesses A new survey from the U.S. Chamber of Commerce and MetLife provided to Axios shows a 17-point increase in the number of small business owners who say entrepreneurs of color face more challenges...

Industry News – July 29, 2020

Bipartisan Duo Tries to Create Opening for Broader Small Business Coronavirus-Relief Program Senators Todd Young (R-IN), and Michael Bennet (D-CO), have teamed up to propose small businesses aid that takes a more targeted approach under consideration. Source: CNN...

Industry News – July 22, 2020

U.S. Department of Treasury Wants Credit Union to Repay $12 Million in CDFI Program Funds. The federal government wants OnPath Federal Credit Union to pay back more than $12 million it received from the Community Development Financial Institutions program that...

Industry News – July 15, 2020

Wells Fargo Launches $400 Million Small Business Recovery Effort Through Wells Fargo’s new Open for Business Fund, the company will engage nonprofit organizations to provide capital, technical support, and long-term resiliency programs to small businesses with an...

Industry News – July 8, 2020

U.S. Democratic Senators Introduce the Minority Business Resiliency Act The bill would make the Minority Business Development Agency (MBDA)  permanent and expand the reach of the agency by creating regional MBDA offices, strengthening its grant making capacity, and...

Industry News – July 1, 2020

Is It Time to Delay Your Small-business Tax Filing? Extending tax returns is a very common practice, particularly for strategic reasons. Find out what makes sense for your business and why. Source: The Philadelphia Inquirer      Why PPP Borrowers Need To Be...

Industry News – June 26, 2020

How GoDaddy is Helping Small Businesses Stay Open During the Crisis The company’s free offers, informed by the Qualtrics data, were taken up by thousands of users in just the first week. Some of the offers were A free website builder with GoDaddy Websites + Marketing,...

Industry News – June 19, 2020

City of Houston to Receive Rockefeller Foundation Funds for National initiative Houston is one of 10 cities in the U.S. to get part of $10 million in funding from the Rockefeller Foundation designed to promote more inclusive growth. Source: BizJournals    ...

Industry News – June 5, 2020

Bench to Host Webinar on PPP Loan Forgiveness  As the June 30 deadline for PPP applications approaches, Bench will host a webinar on how PPP loans work and how businesses can benefit. One of the key highlights of the webinar is loan forgiveness eligibility. The...