Small businesses are still dealing with the challenges of the pandemic, but now you can add inflation, supply chain issues and even ongoing labor shortages. For these owners, this means continuing to operate with fewer resources while also trying to retain their customers. One way they can move forward is by applying for and getting grants in a timely manner meant to help their industry, which the House has done with HR 3807.
The challenges facing small business owners have led the House to pass a bill designed to supplement a small business grant program. With HR 3807, the $55 billion fund will help many deserving small businesses. The House is allocating $42 billion for restaurants, food trucks, wineries, breweries and bakeries. And the remaining $13 billion will go to gyms, event venues, theaters, transportation companies and sports teams. Find out more:
The $55 billion the house took will be more than welcome from small business owners, but there are still thousands of dollars available locally in communities across the country. You can apply for grants ranging from $2,500 to $25,000 in several cities and counties. These grants apply to everything from renovation projects to freelancers, micro-enterprises, pandemic-related issues and more. Take a look at these grants:
Small Business News Feed – April 15, 2022
Here’s a look at more headlines impacting small businesses this week…
Some Etsy sellers are on strike due to higher costs
Thousands of sellers on Etsy are involved in a weeklong strike over increased rates. According to a report on NPR, merchants on the e-commerce channel dedicated to handmade or vintage items and craft supplies are closing their online stores for a week to strike due to the fee increase. Etsy Sellers Strike Due to Higher Fees The Etsy sellers are reluctant to pay the 1.
Egg prices are rising
Americans are feeling the pressure on their grocery bills due to rising egg prices. Wholesale prices for eggs are almost three times higher than in the same period last year. Prices for large grade A white eggs averaged between $2.80-$2.89 per dozen according to the USDA’s daily Midwest Regional Egg Report — more than double what they cost in March.
Google suspends monetization for sites in Russia or that exploit or condone war in Ukraine
Google has announced that it will pause ads that exploit or excuse the war between Russia and Ukraine. The search engine giant has said it will not help websites, apps and YouTube channels sell ads that contain content that appears to exploit the conflict between Russia and Ukraine.
Secure Act 2.0 Could Change Retirement Savings And Impact Small Business Owners
The Secure Act 2.0 (HR 2954 Securing a Strong Retirement) has been passed in the House of Representatives and is currently under discussion in the Senate Finance Committee. If it becomes law, what will it mean for small business owners? The Secure Act 2.0 could mean changes for employers, with changes to how 401Ks are managed for full- and part-time employees.
Improve your sleep to improve your business
Better quality sleep can have a direct impact on productivity and business success. This is a key finding from an infographic from Pizuna, suppliers of quality bedding around the world. Pizuna’s infographic “Stressed and Not Sleeping: How to Improve Your Sleep” highlights the importance of investing in a good night’s sleep for business success.
Small business approval rates are rising, but not fast enough
Loan approval rates continue to rise slowly, but not fast enough, according to the Biz2Credit Lending Index, published April 12. “Small business lending has not yet fully recovered,” said Rohit Arora, CEO of Biz2Credit. “This is disappointing news for companies looking to grow their business.” The report includes loan approval rates through March 2022.
Small business optimism plummets due to inflation concerns, NFIB finds
For months, small business owners cited the lack of available workers as the biggest problem they faced. There is a new biggest problem: inflation. This is according to the National Federation of Independent Businesses Optimism Index for March 2022.
SBA now operates a business center for women in all 50 states
The Small Business Association (SBA) has announced the expansion of the Women’s Business Center network to all 50 states.
SBA Names State Small Businesspersons of the Year in 2022
The United States Small Business Administration (SBA) has announced the winners of the Small Business Persons of the Year 2022 from each of the country’s 50 states. The nation’s top entrepreneurs will be formally recognized at the National Small Business Week (NSBW) Awards Ceremony on May 5.
Costco Membership Prices May Go Up
Costco membership fees may rise soon and cost more this summer. Fees for the membership-only big-box stores typically increase every five years, and the five-year period approaches in June, as reported in Fox News.
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