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COVID recession hit women and minorities harder, but SBA programs a big help

The COVID recession has had an outsized impact on women, particularly minority women, who are more likely to work in areas such as retail and restaurants that were hard hit by the downturn in the economy. According to the Bureau of Labor Statistics (BLS), more women than men in the U.S. have lost their jobs because the industries they tend to work in have been impacted more by the effects of the pandemic. “Second, the coronavirus shutdowns have closed schools and daycare centers around the country, keeping kids at home and making it even harder for parents (especially mothers who tend to provide the majority of childcare) to keep working,” said a BLS report The Impact of COVID-19 on Gender Equality. “Childcare poses an additional challenge to working mothers during the pandemic.”

SBA to offer grants for entrepreneurs in the food industry, beginning April 30

SBA to offer grants for entrepreneurs in the food industry, beginning April 30 The Restaurant Revitalization Fund is open to any small business owner in the food industry, which has been among the hardest hit during the pandemic. By Carmen Poe | April 28, 2021 at 8:23 AM CDT - Updated April 28 at 10:16 AM JACKSON, Miss. (WLBT) - If you are an entrepreneur who has struggled through the pandemic, the Small Business Administration is offering a new grant to help. It’s called the Restaurant Revitalization Fund and it’s open to any small business owner in the food industry, which has been among the hardest hit during the pandemic.

With eye to the future, SBA establishes Women s Business Center

With its goal of making the American dream of business ownership a reality for all Americans, the U.S. Small Business Administration (SBA) established a Women s Business Center in Mississippi last September and another on in January 2021. The state had not had a center for several years even though there are a total of 135 WBCs nationwide. Currently there is at least one in each state with the exception of Alaska. “Mississippi acquired a WBC in September 2020, awarding the grant to Alcorn State University and even more recently in January with the awarding of a second WBC grant to Jackson State University,” said Mississippi SBA District Director and Acting Regional Administrator for the Southeast Janita Stewart. “Both Alcorn and Jackson State are in the process of setting up the WBCs and should become operational in the near future.” 

Updates To PPP Loans Aim to Reach Businesses With 20 Employees Or Less

Updates To PPP Loans Aim to Reach Businesses With 20 Employees Or Less
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