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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 – 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...

Policy News – May 29, 2020

Policy News – May 22, 2020

Last week, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) loan forgiveness application with instructions for completing the application. Notably, the new guidance introduces an alternative "payroll covered period," and defines a...

Policy News – May 15, 2020

Policy News – May 15, 2020

This week House Democrats unveiled their version of the fourth economic stimulus package or "CARES 2." Legislators are expected to vote on the massive bill this Friday. Additionally, policymakers will also vote on two rules changes — one giving committees the...

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AEO in the News


 

Helping Milwaukee get Back2Business. Learn more about the #Back2Business program sponsored by @clovercommerce + @Fiserv and how to apply for grants & so much more! aeoworks.org/fiserv/ #Back2Business #FiservGivesBack #Clover pic.twitter.com/J7tUcLrvPx

About 2 days ago from AEO's Twitter via Hootsuite Inc.

Industry News – October 28, 2020

Millions of Small Businesses Await Guidance on PPP Loan Forgiveness Time is running out for millions of small business owners on Main Street as they await clarity on how to receive forgiveness on the $525 billion in PPP loans they received under the CARES Act. Among...

Industry News – October 21, 2020

Saving Main Street From Its Downward Pandemic Spiral In a recent PYMNTS study, more than two-thirds of consumers say that saving Main Street is a key priority for the shops themselves, and for the health of their local communities. More Main Street businesses say they...

Industry News – October 14, 2020

SBA Offers Total Forgiveness for Loans of $50,000 or Less Business owners who borrowed $50,000 or less through the Small Business Administration’s emergency loan program learned last week that their debts are forgiven entirely — provided they file the right paperwork....

Industry News – October 8, 2020

We Need to Revisit the Small Business Lending Process for Women Entrepreneurs Less than 5% of small biz lending goes to women. Catherine Berman, CEO of CNote, shares insight into one effort to do better in measuring risk for those entrepreneurs and financially...

Industry News – September 30, 2020

Podcast:  One Lender's Ideas on How to Save Small Business Kabbage co-founder Kathryn Petralia, whose company is being sold to American Express, discusses government and financial-sector lifelines she says could help businesses that have been hit hardest by the...

Industry News – September 22, 2020

Thasunda Duckett Named First Black Woman On JPMorgan Operating Committee JPMorgan announced that Chief Executive Officer of Chase Consumer Banking, Thasunda Duckett, will be the first African-American named to the firm’s Operating Committee in the biggest expansion of...

Industry News – September 16, 2020

Second Annual National Support Latino Business Day on September 14, 2020 One day in advance of Hispanic Heritage Month, the community day of action is dedicated to highlighting the significant contributions of the Latino/x business community by shopping, celebrating...

Industry News – September 9, 2020

BoA Backs Black-Owned Banks in $300 Million Equality Drive The second-largest U.S. lender took equity stakes of about 5% in three Black or Latinx owned depository institutions. Bank of America also is in talks with other lenders owned by African Americans and...

Industry News – September 1, 2020

Small-Business Failures Loom as Federal Aid Dries Up The United States faces a wave of small-business failures this fall if the federal government does not provide a new round of financial assistance — a prospect that economists warn would prolong the recession, slow...

Industry News – August 26, 2020

71% of Microbusiness Owners Expect to Recover From COVID-19 Financial Hit Within a Year Revenue is down for 75% of small businesses, but business owners are equally confident that recovery will happen within a year, according to a new survey by GoDaddy. The "2020...