Underserved small business communities have a much harder time when it comes to getting finance. Whether it’s women or other minorities, this particular issue has created a major problem for these communities. This has led to local, state and federal governments as well as private organizations setting up grants to provide the funds.
If you have a Black-owned business in the service industry, you can apply for the Kinetic Business by Windstream Black Business Support Fund Grant. Businesses are eligible for up to $2,500 along with a year of free internet and a free business consultation. The goal is to help these businesses not only with financial assistance, but also upskill them so they can stay open for the long term.
To qualify you must be located in the areas where Kinetic operates and other requirements. Find out more:
Small Business News November 18, 2022
Here’s what else is happening with small businesses in this week’s roundup:
Small business sales slow in the third quarter
The latest BizBuySell Insight Report shows that after five consecutive quarters of year-over-year growth, small business selling activity has slowed. The number of closed deals reported in the third quarter of 2022 decreased by 2% compared to last year, reaching 2,237. The third quarter of 2022 was also 4.5% lower than the second quarter of 2022.
Zuckerberg says post-pandemic e-commerce trends have led to mass layoffs
Meta CEO Mark Zuckerberg recently made headlines regarding the layoff of 11,000 Meta employees, citing his incorrect prediction that e-commerce growth during the Covid-19 pandemic would be a “permanent acceleration.” In a statement, Zuckerberg admitted that he was wrong and that the hypothesis cost Meta a lot of money and many people their jobs.
WeWork closes about 40 locations in the United States
The leading global provider of flex spaces, WeWork, has announced plans to exit about 40 locations in the United States, consisting of approximately 41,000 workstations. WeWork Closes Approximately 40 US Locations Exits are concentrated in what the company calls “underperforming locations,” with the majority occurring in November.
Rieva Lesonsky on Understanding Millennials and Generation Z
If you own a retail business, you may have noticed that your customer base is not what it used to be. Rieva Lesonsky, CEO of GrowBizMedia/SmallBusinessCurrents.
Coinbase says the cryptocurrency for international money transfers is growing in popularity
Coinbase says cryptocurrencies offer users faster, easier, and more convenient ways to send money overseas. Since the launch of international transfer services in Mexico in February, the cryptocurrency exchange platform has seen a steady increase in demand for the service. For example, Coinbase customers in Mexico nearly doubled in just a few months.
How to close a deal in uncertain economic times
How does the business professional handle uncertain business and economic times? On this week’s Small Business Radio Show, I spoke with Marc H. Morgenstern, an out-of-the-box, highly successful trader who is into rock and not your average business leader.
Turnkey businesses for sale right now
The only thing a turnkey company provides is a proven model that works. You are not starting a new business along with all the challenges it will bring, including failure. Sure, any business can fail, but a turnkey business gives you a better chance to continue the operation and grow.
Small businesses not prepared for a boom
It’s a dream for small businesses to suddenly explode and get an influx of leads that take them to the next level or beyond. But the truth is, most small businesses are simply not prepared for that kind of success. Small Business Not Prepared for a Boom That’s why it’s important to devise a “map to scale” that will set your business up for success.
American Pure Whey owner accused of PPP loan fraud
The owner of a troubled protein powder company, American Pure Whey, is the latest person indicted on PPP loan fraud charges. PPP loans were secured, forgivable loans guaranteed by the federal government in response to the COVID pandemic in 2020. They were passed as part of the CARES Act.
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