Small Business
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U.S. Treasury approves $940 million in small business capital funds for nine states
The United States flag flies atop the U.S. Treasury Division in Washington November 18, 2008. REUTERS/Jim Bourg/File Photo Register now for Totally free endless obtain to Reuters.com Sign up WASHINGTON, July 18 (Reuters) – The U.S. Treasury Division on Monday mentioned it approved 9 state options for the State Compact Small business Credit Initiative worth $940 million, bringing full approvals below the COVID-19 restoration enterprise funds program to $1.5 billion. The $10 billion SSBCI plan aims to handle a shortage of cash for new business startups and other small organization growth, significantly in deprived communities, by attracting $10 of non-public financial commitment for each $1 of taxpayer funding. It was…
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Rep. Stauber’s small-business bill gets House approval
GOP Rep. Pete Stauber’s invoice to aid tiny enterprises in the orbit of federal contracts and subcontracting quietly sailed by the U.S. Residence final thirty day period with extensive bipartisan assist. The laws, identified as the Strengthening Subcontracting for Compact Businesses Act, was launched by Stauber in Might and handed the Property roughly a month afterwards in a 411-11 vote. “You really don’t get substantially [more] bipartisan than that,” Stauber mentioned of the vote. The bill’s Dwelling passage represented a minimal-key minute of success for the 2nd expression Minnesota Republican, presented Democrats’ management of the Dwelling and Senate, as he appears to gain a third phrase in this fall’s midterm…
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Most business owners don’t do the math on their most valuable asset
Lots of little enterprise house owners don’t know what their business is well worth, a apply that can sum to dangerous business enterprise. A whopping 98{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} of tiny companies polled by M&T Financial institution over the past two yrs failed to know the value of their providers. This is particularly troubling, offered that for most company owners, their organization is their most precious asset. “People whose household is their primary asset want to know what it is worth. If you open up up a brokerage account, you want to know how much it really is worth. You would never ever give your revenue to a fiscal advisor who advised you…
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The Amazon Small Business Home Brands To Shop on Prime Day 2022
Amazon Prime Day is still going on until midnight tonight, July 13, and there are even more deals to add to your cart. Amazon’s annual shopping event known for bringing its customers deals on some of the key categories in their lives (kitchen, home, kids, etc.). is already underway. While there’s a need to shop the sales from well-known brands, it’s also important to support small businesses during your shopping spree. In order to take part in the historic deals that take place on one of the biggest shopping days of the year, you have to have a Prime account. An Amazon Prime membership is $14.99 per month or $139…
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Small Business Expectations for Future Conditions Hit All-Time Low
Owners reporting inflation as biggest business problem highest since 1980 WASHINGTON, D.C. (July 12, 2022) – The NFIB Small Business Optimism Index dropped 3.6 points in June to 89.5, marking the sixth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the next six months decreased seven points to a net negative 61{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73}, the lowest level recorded in the 48-year survey. Expectations for better conditions have worsened every month this year. Inflation continues to be a top problem for small businesses with 34{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} of owners reporting it was their single most important problem in operating their business, an increase of six points from…
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Small businesses have never felt worse about the future: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, July 13, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Small business owners think the economy stinks right now. In a report out Tuesday morning, the National Federation of Independent Businesses revealed confidence among small businesses polled by the trade group was the worst they’ve found in the 48-year history of the survey. Last month, business owners expecting better conditions over the next six months fell to a net negative…
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