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Detroit Means Business receives a $9M ARPA boost to provide financial support to the city’s small businesses

Detroit Means Business gets a $9M ARPA boost to provide financial support to the city’s small businesses ***Interviews available now with Kevin Johnson and business owner*** DETROIT – Thanks to a $9 million allocation approved by the City Council last week, small businesses in Detroit that have been negatively affected by the COVID-19 pandemic will soon have the opportunity for direct financial support through Detroit Means Business (DMB), a small business. services initiative located within the Detroit Economic Growth Corporation (DEGC). Funds come from the city’s share of American Rescue Plan Act funds. “The Detroit Means Business Coalition is excited to seeRead News

Black Girl Magic Digital Summit premieres on Amazon Prime Video on August 27

For the fourth year in a row, the Black Girl Magic Digital Summit aims to explore topics ranging from financial well-being to career development to socioeconomic development, small business success, and the rest. And this year’s conference promises to reach more Black women than ever before, starting at 2 p.m. Saturday, August 27. on Amazon’s Prime Video streaming service. Produced by Dallas-based Boss Women Media and Capital One, the meeting was recorded in late July at Brigid Coulter’s Blackbird House in Los Angeles. The conference featured 26 entrepreneurs and executives from startups and corporations across the U.S., who spoke beforeRead News

Only Brands with a Purpose Can Achieve Brand Life

Afraid to take a page out of the lifestyle brand’s playbook? Those days are done. This is the first in a composite series on the rapid evolution of maturing “lifestyle brands” and how their customer and community-first strategies are redefining what it means to be a successful business. It has become a cliche to say that the pandemic is ushering in new ways of doing business. Something that hasn’t been talked about enough and has become an obsession of mine recently is how the path to sustainable growth – by growth I mean more market share and revenue – hasRead News

The Wheely Hungry Food Truck has opened in Lexington and will be traveling

Tonya Doggett is known as the bagel lady, creating homemade cream cheeses in her Main Street eatery since she bought the former bagel shop in Lexington in 2018. But she’s more than baked goods as she showed with the addition of paninis, select deli sandwiches, homemade chicken salad and hot dogs. Her latest venture has her branching out further with the culinary skills she’s honed over 22 years in the food industry. Doggett opened a new food truck called Wheely Hungry. “I just want to grow the business,” she said. “This is from my family. I want people to be myRead News

Uber’s business is booming even with high gas prices and inflation

(CNN) Even higher gas prices and soaring inflation are not slowing down Uber’s rise from the worst days of the pandemic. Uber ( UBER ) said Tuesday that its revenue reached $8.1 billion in the three months ending in June, more than doubling from a year earlier as more customers turn to the ride-hailing service. The number of consumers and drivers using the platform is “at an all-time high,” the company said in its quarterly earnings report. Uber recorded 122 million people using its platform each month, a 21% increase from the previous year. Perhaps more impressive for a companyRead News

Online Business Banking | Chase your Business | Chase.com

1Fraud Protection Services are available to eligible checking account businesses and consist of the Positive Pay Service (“Positive Pay Service” or “Check Protection Services”), the Anti-Positive Pay Service (“Bad Positive Pay” or “Check Monitoring”), and the ACH Debit Block Service. You may not register an account in Check Protection Services and Check Monitoring or Positive Pay Matters at the same time. Check Monitoring (“Positive Reverse Pay Service” or “Positive Reverse Pay”) is recommended for all Chase business checking customers. Any checks not reviewed by 4 PM local time will be paid. Account Alerts: There is no charge from Chase, butRead News

Atlanta lawmakers introduce legislation to protect “legacy” businesses

ATLANTA, Ga. (CBS46) – Some city leaders are pushing to “Keep Atlanta, Atlanta” by protecting the city’s oldest businesses. In a resolution filed Aug. 1, Atlanta City Council members Jason Dozier, Matt Westmoreland and Jason Winston took the first steps to create a program to protect and preserve Atlanta-based legacy businesses. The legislation asks the mayor of Atlanta Andre Dickens and Invest ATL to conduct a feasibility study of related business programs in other cities, with the aim of creating a similar program to protect businesses in Atlanta. Councilman Jason Dozier acknowledged that many long-standing businesses in the city haveRead News

Will sponsoring a team help my small business? Yes, and here’s why.

Chances are, as a small business owner, you’ve been approached by people, charities, institutions or groups about sponsoring something. Maybe it’s a youth sports team, a concert in the park, or an online event. The groups assume that small businesses have the built-in audience and financial resources to help underwrite the event. Even though they want you, do you want them? You should consider saying yes for six very good reasons, including good karma in your community and increasing your visibility. More importantly, sponsorships can generate leads, partnerships and  sales. 1. Sponsorship creates goodwill Good will is important – vital, even – but somewhatRead News

The former Fort Bragg paratrooper starts his own business

From a young age, Chris Cruz had a bit of an entrepreneurial spirit. He sold chocolate bars in elementary school. In high school, he used to sell Capri Suns to his classmates for $1. “I think I’ve always wanted to be my own boss,” said Cruz, who medically separated from the Army at Fort Bragg last month. The path to becoming his own boss continued by joining the Army – something he knew he wanted to be since he was 5 years old. “I was born in Guam, before I moved to Kentucky, and most people from Guam join theRead News

What is most important in business? Passion or profit?

Another issue of sports memorabilia ahead of a live auction in Boston. Moore’s Law states that the speed of computer processing doubles every 18 months. Applying the law to technology in general, it states that the rate of technological change is constantly increasing. Every new technology that enters the market proves this to be true. From NFTs, Metaverse, 5G technology, and AI, to Blockchain and Bitcoin – the list goes on. With every new technology comes thousands of entrepreneurs looking to make a profit. The stories of individuals making fortunes in these new industries are both interesting and inspiring. JasonRead News

A new business accelerator in Colorado aims to advance the future of the U.S. economy by helping build Latino companies

Latinos in the United States are significantly underrepresented when it comes to business ownership. While the Census found that nearly 19 percent of U.S. residents identify as Hispanic or Latino, they make up only 6 percent of the nation’s business owners. “Business ownership is one of the key pillars to building wealth and intergenerational wealth,” Hollines said. Hollines is chief strategy officer for the Latino Leadership Institute, founded in Colorado in 2015 with a mission to identify and elevate Latino leaders. He says that entire communities can become more powerful, and its members can address inequalities in their neighborhoods, whenRead News

Palo Alto adjusts business tax as decision deadline looms

City Council moves forward with more exemptions by Gennady Sheyner / Palo Alto Weekly Uploaded: Tue, Aug 2, 2022, 12:19 am After seeing its negotiations with the business community fizzle, the Palo Alto City Council on Monday pushed ahead with its plan to place a business tax on the November ballot. The council agreed to revise the tax measure to exempt all businesses with less than 10,000 square feet of space, a change that effectively excludes all small retailers from the tax. Council members also moved to set the rate at 11 cents per square foot, a shift from anRead News

Are you planning to start a business? Make a Plan

Business startups are risky. U.S. Small Business Administration (SBA) records show that 20% of startups fail in their first year, 30% fail in two years, and 50% fail within five years. A robust business plan will greatly reduce and help manage this risk. There’s an old saying, “If you don’t know where you’re going, any road will get you there.” Developing a complete written business plan is an important step in starting a business. US Small Business Administration records show that businesses with a written plan grow 30% faster than those without a plan. The following steps can improve theRead News

Small Business Department accepting applications for Site Readiness Fund – Delaware State News

Read the latest news regarding the Coronavirus in Delaware. More information DOVER, Del. (Aug 1, 2022) – The Delaware Small Business Department announced today that it is now accepting localization readiness fund applications from qualified businesses or local governments. Established under Senate Bill 127, the fund promotes economic growth and stability by investing in the development or improvement of commercial and industrial facilities to attract job-creating companies. The Occupational Readiness Fund provides grants, loans or other economic assistance to eligible businesses or local governments that invest in the construction, renovation, or improvement of commercial, industrial facilities that are readily availableRead News

Travel Industry’s Top Advisors and Suppliers Connect on the Global Travel Marketplace

Celebrating its 10-year anniversary, Global Travel Marketplace (GTM) took place from Thursday, July 28 to Saturday, July 30 at The Diplomat Beach Resort in Hollywood, Florida. This event brings together top-level travel consultants and top suppliers from around the world. It’s a gathering of more than 300 industry professionals that many here call “powerful,” “life-changing,” and “the best event ever.” To be eligible to participate, travel consultants must meet specific criteria — the main one being that they must have at least $1 million in annual individual revenue or be a multi-million dollar agency owner. Held at Northstar Travel Group,Read News

Audit-proof your small business

When you run a business, you have a lot to manage. If there isn’t a person in your face forcing you to stay on top of a task, it can be easy to keep putting it off until tomorrow, Friday, or next week…and soon you have a big pile to work on. While this strategy works for many projects, it can cause problems in the financial sphere. If you are audited, you will need a record for every transaction or face consequences. Your business expenses are not something you can offset or take your best guess. They must be accurate,Read News

HSBC rejects division of Asian businesses, citing huge risks

Pedestrians wearing face masks following the outbreak of the coronavirus disease (COVID-19), walk past an HSBC bank branch in Hong Kong, China February 22, 2022. Reuters/Lam Yik LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC said on Monday that a divestment or spin-off of its Asia business risks huge one-off enforcement costs, higher taxes and ongoing running costs for the bank, in its most detailed rebuttal yet. regarding calls from his. biggest shareholder broke up the bank. Sources said in April that Ping An Insurance Group Co of China Ltd ( 601318.SS ) had urged HSBC to explore strategic options, such asRead News

Shared success for black businesses in downtown Syracuse

Representation counts. It’s not just a motto or a saying. For Caeresa Richards, owner of Ecodessa, it’s a way of life that has evolved over the long road to the present day. “Before I started Ecodessa, I was an engineer. I worked in engineering for a while,” he said. “During that time, I’ve always been interested in fashion, and I always envisioned myself owning a boutique when I retired.” What he considers an “early retirement” has turned into a successful store with customers from all over the country. Salt City’s downtown roots have led to Ecodessa as a brand becomingRead News

Ohio State football is a business, but it’s also personal for OSU fans

In the 1998 rom-com classic “You’ve Got Mail” – Mrs. O insisted that I describe her favorite chick flick as a classic. Do you discuss? – Joe Fox complains to Kathleen Kelly that forcing his small family bookstore to close is strictly business. “It’s not personal,” he assures. Kelly is not buying. She pushes back against the superstore owner’s famous “Godfather” reference with a disgusted shake of the head. “I’m so sick of it,” she says. “All that means is that it wasn’t personal to you. But it was personal to me. It’s personal to a lot of people.” Of courseRead News

10 Recession Resistant Business Ideas – Forbes Advisor

Editor’s Note: We receive a commission from affiliate links on Forbes Advisor. Commissions do not influence the opinions or evaluations of our editors. Recent world events such as the pandemic, the war in Ukraine and fuel shortages have led economists to believe that a recession could happen soon. The Federal Reserve estimates the probability of a one-year recession to about 35% by 2023. While inflation is rising and the stock market has stumbled, there are recession-proof businesses that can help you profit in times of uncertainty. Here’s a list of recession-proof business ideas to keep in mind. Find Legal AnswersRead News

Measuring business uncertainty in developing and emerging economies

Uncertainty about business prospects is a fact of life for any business. When deciding whether to hire new workers or invest in new technology, businesses don’t know whether it will result in higher sales and profits, due to factors beyond their control. Instead, they forecast future sales revenue (and other performance metrics) and take into account the uncertainty surrounding those forecasts. They think about situations where things can turn out worse than predicted, leaving them with too many workers and idle investments – or the opposite when things turn out better. Only after weighing these scenarios can companies decide whetherRead News

Understanding the Burden of Trust in Business Leaders

The views expressed by Entrepreneur contributors are their own. Every year since 2000, Edelman, a global public relations firm, has conducted a global survey to determine public trust in our major organizations. The survey is called the Edelman Trust Barometer, and earlier this year, Edelman released the latest results based on responses from more than 36,000 respondents in 28 countries. The results paint a striking but not surprising picture: High levels of mistrust reduce our ability to communicate, collaborate and solve the problems we face. But amid this bleak picture, the Edelman Trust Barometer finds hope in an unlikely place:Read News

Should You Buy an Amazon FBA Business or Start Your Own?

The views expressed by business contributors are their own. If you are thinking of owning an FBA business, you can either start from scratch or buy an existing one. Deciding between the two can involve quite a bit of thinking. If you have the skills and determination to fight it and develop a successful online brand of your own, you should give it a shot. On the other hand, you can buy a growing FBA business, scale it to a new level using your skills and capital, and sell it for a good profit. It all depends on your short-termRead News

Some local dealers, turned away from banks, are turning to “small business bonds”

After about two years of pandemic-related delays and disappointment, San Francisco-based adult ice cream company Humphry Slocombe finally opened its first location — and fifth overall — on the Peninsula this week. “Honestly, it was a relief,” CEO Jina Osumi said of the proverbial ribbon cutting. “Early sales show it’s going to be a great store, and the neighborhood has welcomed us with open arms.” What went surprisingly smoothly was getting financing for the new store, which is typically a stumbling block for small businesses reeling from the pandemic. Instead of relying on a typical bank loan, Humphry Slocombe wasRead News

Release of 2022 Investment Climate Statements – US Department of State

The Ministry of Foreign Affairs published the 2022 Investment Climate Statements today. The reports help US companies make informed business decisions by providing up-to-date information on the investment climate in more than 160 countries and economies that are current or potential markets for US companies. The Investment Climate Statements also serve as references for partner governments seeking to mobilize sustainable, high-quality investment to facilitate their economies’ recovery from the pandemic. Our overseas missions work to address the barriers to US investment highlighted by the Investment Climate Statements. The reports cover topics including (but not limited to): Openness to investment, legal andRead News

Department of Defense Receives Top Performance Rating in Small Business Purchasing Index

For the eighth consecutive year, the Department of Defense earned an “A” rating for performance against its small business procurement goals. Released on July 26, the US Small Business Administration (SBA) Annual Scorecard contextualizes the vital role small businesses play in fulfilling the department’s mission. During a virtual press event announcing the release of the scorecard, Dr William A. LaPlante, Undersecretary of Defense for Acquisition and Support, highlighted the contributions of the American workforce and small businesses during fiscal year 2021 along with heads of the agencies of the departments of transportation and homeland security as well as the NationalRead News

Venmo’s new small business grant program to support emerging and small businesses

The Initiative Will Provide Venmo Business Users With Money And Managers To Help Grow Their Business , /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the Venmo Small Business Grant, a new program for startups and small businesses that will provide grants and mentoring services to 20 new and existing Venmo Business Profile customers. . All 20 selected businesses will receive $10,000 to cover expenses, such as rent, or assistance with digital marketing and promotion of their businesses. According to a US Bank study, 82% of businesses that failed cited cash flow problems as a reason for their failure.Read News

Intel shutting down its Optane memory business

Back in February we speculated that Intel might exit its Optane memory business. In its latest earnings release, Intel stated that “in the second quarter of 2022, we initiated the liquidation of our Intel Optane memory business.” The earnings report also noted that Intel will take a $559 million “Optane memory defect” charge this quarter. Below is a picture of an Optane SSD. In January 2021, Intel said it would stop shipping most Optane-based products for consumer applications (eg gaming). In March 2021, Micron, Intel’s former 3D XPoint partner (the name of the joint project for Intel’s Optane memory) saidRead News

Minority Contracts, BIPOC Owned Business Support…

Oakland, CA – Today, the City of Oakland announced the launch of two new business support programs funded by $1 million from the US Department of Commerce’s Economic Development Division (EDA ). Half of the funds will support a training program for small minority-owned construction contractors with funding supporting technical assistance for small businesses with BIPOC. These programs expect to provide services to more than 1,110 small businesses and up to 50 small contractors over the next two years. The city has engaged three trusted community partners with cultural and linguistic expertise and experience to help Oakland’s diverse small businesses.Read News

Washington Examiner: Democrat’s Small Business Surtax Would Destroy Main Street’s Recovery | U.S

People are hurting at the pump, the shock in the grocery aisles, and the continued erosion of their paychecks. Buying a house is becoming more and more out of reach for many families. Many are struggling just to pay their monthly energy bills. As the economy continues to be held back by high inflation, shrinking real wages and the growing likelihood of recession, the government’s priority should be to help ease the financial burden facing many. Instead, Democrats are trying to raise taxes, kill jobs, stifle wages, and impose price controls. One of the job-killing tax increases being looked atRead News