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Due to banking deserts and strict lending qualifications, business owners in underserved areas often face unique challenges in accessing capital. For example, only 20% of Black-owned small businesses were approved for funding requested in 2022, according to a 2023 report released by the Federal Reserve.[0]Another study by the Federal Reserve Bank of Cleveland concluded that despite the intent to prioritize underserved areas, less than 6% of Paycheck Protection Program loans went to businesses in low-income areas, while more than 35% went to businesses in higher-income areas.[0].Community Development Financial Institutions (CDFIs) are banks or non-bank lending institutions whose mission is to…
One of the best ways to achieve financial independence is to start earning passive income. People often become discouraged because they lack the qualifications or investment needed to start a business or earn an income. Therefore, everyone is looking for ways to earn additional money on top of their current job. So, whether you are a student, a housewife, or a employed person who wants to have an independent source of income or bring home some extra money, here are the best 10 business ideas to make money with zero investment. I would like to introduce here. Click here to…
Chris Ninenes is the CEO of the Aquaculture Stewardship Council. Brad Spear is Global Policy Director for the Sustainable Fisheries Partnership. ASC and SFP are Collaboration of certification and evaluation.Worldwide, seafood production supports the livelihoods of more than 600 million people and feeds more than 3 billion people. However, there are significant social responsibility issues in the supply chains of wild and farmed seafood around the world. These challenges include forced and child labor, exorbitant working hours, unsafe working conditions, low incomes, unequal access to markets, discrimination, gender inequality, and impacts on local and indigenous communities. This includes resource use…
More than 56,000 businesses self-identify as Latinx on Yelp* since the attribution launched in 2020 through a partnership with Momento Latino. To celebrate these businesses and Latinx Heritage Month, we've compiled the best resources, tips, and stories to help Latinx-owned businesses succeed and thrive, now and throughout the year. Plus, don't miss Yelp's first-ever Top 25 Hot & New Latin Restaurants list. From Vegan His Cafe in Oakland, California to Korean Hot Dogs in Greensboro, North Carolina, see the restaurants leading the Food His scene in 2023. A version of this post is also available in Spanish. “Latino-owned” business attributes…
In the fast-paced world of entrepreneurship, success stories often feature individuals venturing out on their own. But sometimes there are unique stories of collaboration that defy convention and celebrate the power of partnerships. 4 rules for combining love and businessClearly define the roles and responsibilities of each partner. Have fun and stay positive, especially when you face difficulties. As you start your business, focus on the common goal that unites you. Respect each otherDecision. We are happy to stand as one such example.For Susan Jeffers and Puneet Arora, co-founders of XY Retail, our journey is one of balancing love, ambition…
While you shouldn’t rely on artificial intelligence to write your entire business plan, AI tools can provide you with general content and a first draft to get you started. — Getty Images/JGI/Tom Grill Writing a business plan is a daunting task, but it's an important one. Most investors and lenders require you to see a business plan before they'll provide you with startup funding. But for many entrepreneurs, describing your idea in detail can be a burden. AI tools can speed up the process of creating a business plan by providing a framework and initial content. However, you should still…
Sharon Maxwell, Bratton Construction, LLC CEO Sharon Maxwell, CEO of Bratton Construction, LLC, is a total powerhouse and we are excited to celebrate Black Business Month with a feature on her. Sharon is also one of the outstanding participants in the 2022 Port Small Business Accelerator Program cohort. Sharon attended nearly every session and enriched the conversation with her immense energy and enthusiasm for learning and sharing. She embodies what it means to be: activator – cheerful and enthusiastic forward-thinking, forward-thinking Learners – Continuously improve and learn Leader – overwhelming presence Maximizer – Thinker Sharon contributed all of these traits…
After collecting a degree in fashion, many budding designers jump into the real world with the same question that has long troubled creatives of all ilks: What now? While fashion school can teach you about pattern grading, sewing, and draping, it doesn’t always prepare graduates for what it’s really like to start your own fashion brand. Successful fashion designer and entrepreneur Sarah Donofrio credits real world experience for getting her the rest of the way. What she’s learned over the past two decades is that taking your dream from idea to launch and making it in the frenzied world of…
After collecting a degree in fashion, many budding designers jump into the real world with the same question that has long troubled creatives of all ilks: What now? While fashion school can teach you about pattern grading, sewing, and draping, it doesn’t always prepare graduates for what it’s really like to start your own fashion brand. Successful fashion designer and entrepreneur Sarah Donofrio credits real world experience for getting her the rest of the way. What she’s learned over the past two decades is that taking your dream from idea to launch and making it in the frenzied world of…
Door monitors located at 4 locations at the main entrance Roanoke City Market Building Building officials said an average of 833 people entered the food court each business day in July.Elliott Broyles, head of the Market Building Foundation, said visitor numbers this year are up 30% from last year. He said the number of doors, along with the number of visitors directly entering the restaurant, was also higher in 2022 than in 2021.“We are very excited and encouraged that since COVID-19, that number has increased and continues to increase,” he said.It was timely for the building to bring in a…