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Charles Li’s small-business lender Micro Connect asks staff to invest in the start-ups it backs out of their own pockets | South China Morning Post

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“And who is the most familiar with our revenue-sharing scheme? The several dozen frontline workers on the investment team that Micro Connect has nurtured and cultivated over the past few years,” wrote the co-founders. The email was first reported by 36Kr, a Chinese online news outlet. Micro Connect confirmed the accuracy of the internal email … Read more

Inflation: Bay Area small businesses voice struggles as optimism falls

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It is definitely not party time at Aimbrell Shanks’ Santa Clara rental company, PartyTime Machines. As at a great many Bay Area small businesses, inflation is not only driving expenses up, it is shrinking her market as consumers cut spending to cope with their own rising household costs.“I am not optimistic,” said Shanks, who in 2015 … Read more

Small Retailers Struggle to Bounce Back From the Pandemic

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As many small- to medium-sized businesses (SMBs) have spent the last year recovering from the impact of the pandemic, mom-and-pop retailers have struggled to regain their footing. The PYMNTS Intelligence report “Main Street Businesses Are Outperforming the US Economy” examined the state of the small businesses that populate U.S. Main Streets. The Main Street Index looked at growth in … Read more

4 ways to reinvest in your small business’ future | PhillyVoice

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The past few years have certainly thrown quite a few challenges at small businesses, with many reimagining and reinventing their business. While tough economic conditions can certainly impact profits and cash flow, many of the most successful businesses lean-in, embrace change and adapt to market conditions to strengthen their business for the future. If your … Read more

Department of Labor recognized by Small Business Administration for excellence in procurement practices to support small businesses | U.S. Department of Labor

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The .gov means it’s official. Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site. The site is secure. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. WASHINGTON – The … Read more

Ten federal agencies receive ‘A+’ in annual scorecard measuring small business contracting goals – Newsday

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A shop holds a sidewalk sale on Feb. 10, 2023, in Providence, R.I. Federal grants can be a huge boost for small businesses. And some federal agencies do better at giving grants to small businesses than others. The Small Business Administration released its annual scorecard measuring how well federal agencies meet their small business contracting … Read more

Ernst Names Small Business of the Week, … | U.S. Senator Joni Ernst

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Throughout this Congress, Ranking Member Ernst plans to recognize a small business in every one of Iowa’s 99 counties. RED OAK, Iowa – U.S. Senator Joni Ernst (R-Iowa), Ranking Member of the Senate Small Business Committee, today announced her Small Business of the Week: Dutchland Foods of Lyon County. Throughout this Congress, Ranking Member Ernst … Read more