Category: Small Business
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Small Business
Small Business
PayPal Commits Additional $5 Million to Black-Owned Small Business Grant Program
Even as the first COVID-19 vaccines begin distribution, the pandemic continues to impact millions of Americans. Among those hardest hit are small business owners — with Black business owners being disproportionately affected even among this group. Because of this reality, PayPal has announced that it will fund a grant program for Black-owned businesses with another $5 million. This $5 million comes in addition to the $10 million the company already...
Small Business
Americans Fear For Small Businesses as 2020 Nears an End
This week, the first round of an approved COVID-19 vaccine begin shipping across the nation. As a result, many Americans are feeling a cautious sense of hope as a harsh year nears an end.
Small Business
Survey Finds Small Business Owners Less Confident in the Economic Conditions Ahead
As 2020 finally nears an end, small business owners and many others are already looking to the future. Unfortunately, while there are reasons to be hopeful, the immediate future may not seem all that different from our current reality. In fact, a recent survey from Bank of America found that entrepreneurs continue to worry about the long-term impacts that the pandemic will have on their businesses. First, according to Bank...
Small Business
Small Business Saturday Sales Reach Record $19.8 Billion
On November 28th, Small Business Saturday was celebrated once again. This year's event was the 11th to occur as the Amex-founded retail holiday celebrated its 10th anniversary. Now, new figures suggest that the 2020 installment of Small Business Saturday was a success, with total sales nearing $20 billion. According to the American Express 2020 Small Business Saturday Consumer Insights Survey, this year's event brought a total of $19.8 billion in...
Small Business
Uber Announces Completion of Postmates Purchase
It's official: Postmates is now owned by Uber. This comes after the ride-sharing company announced a $2.65 billion all-stock acquisition of Postmates back in July. The result of the deal closing is one of the largest delivery services in the United States, second only to DoorDash. According to Engadget, Uber intends to keep Uber Eats and Postmates as separate brands while still integrating them on the backend, meaning a combined...
Small Business
American Express Commits $2.5 Million to "100 for 100" Program for Black Women Entrepreneurs
Continuing their commitment to supporting small businesses, this week American Express announced the 100 Black women entrepreneurs that have been selected to participate in the "100 for 100" program. Not only will the chosen women receive $25,000 in grants will also be able to utilize 100 days of business resources. These resources include business education, mentorship, and more. The 100 for 100 program was launched in partnership with IFundWomen of Color,...
Small Business
