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SOAR Fund aims to help Southern minority businesses recover from pandemic

SOAR Fund aims to help Southern minority businesses recover from pandemic
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Mississippi small businesses, nonprofits can get new low-interest loan

Mississippi small businesses and nonprofits economically displaced by the pandemic can now apply for low-interest loans up to $100,000 through the Southern Opportunity and Resilience fund. Of Mississippi s small businesses, 47% have less than two months cash on hand, according to the U.S. Census Bureau Small Business Pulse Survey. The SOAR fund works with and through local Community Development Financial Institutions to provide help to underinvested business. SOAR s effort will span 16 states, and 13 CDFIs will serve as the fund s community lenders. Southern states had slower economic growth, lower labor force participation, and higher unemployment than the rest of the country, partially driven by the historic lack of corporate and philanthropic investment in the region, George Ashton, managing director at Local Initiatives Support Corporation, said in a media release Tuesday.

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Experts concerned about savings habits with spending increasing

KSL TV SALT LAKE CITY – The tough economy of the past year turned many Americans into saving machines. Now that the pandemic seems to be easing its grip, more consumers are ready to spend, and that has financial experts concerned. You can see it at the airport, stores, restaurants and various other businesses. Traffic is picking up. In fact, one in five Utah small businesses surveyed in April 2021 in the U.S. Census Bureau s Small Business Pulse Survey said business is already back to normal. Folks are starting to spend money on those things that they pulled back on in the last year, said Ismat Mangla, content director for MagnifyMoney.

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CPTV's CUTLINE Explores COVID-19's Effect On Small Business In CT

CPTV's CUTLINE Explores COVID-19's Effect On Small Business In CT
wnpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wnpr.org Daily Mail and Mail on Sunday newspapers.

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Connecticut
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Southington
Felix-reyes
Rachel-decavage
Ned-lamont
Connecticut-public-television
Us-census-bureau-small-business-pulse
Youtube
Paycheck-protection-program
Small-business-pulse-survey

CPTV's CUTLINE Explores COVID-19's Effect On Small Business In CT

CPTV's CUTLINE Explores COVID-19's Effect On Small Business In CT
wnpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wnpr.org Daily Mail and Mail on Sunday newspapers.

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Connecticut
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New-london
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Felix-reyes
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Youtube
Paycheck-protection-program

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