In this week’s summary, there are multiple opportunities for small businesses to apply for grants ranging from $5,000 to $20,000 and beyond. These grants come from public and private organizations that want to help small businesses across the country. Given the current economic conditions facing owners, these funds will provide timely support to keep their business afloat until the economy is on the road to recovery. Especially when it comes to inflation and supply chain issues affecting higher prices across the board. View the many possibilities in grants.
On the private side of grants, State Farm is launching a program through its partnership with the Local Initiatives Support Corporation. The grant will focus its efforts in 12 metropolitan areas in the US. Additional grants for retail, local manufacturing, small business investment projects, technological advancements, marketing expenses and much more are also available. Read to learn more about these opportunities.
Don’t miss the May deadline for these scholarships now available in many cities. From $2,500 micro-enterprise grants to $5,000, $7,500, $10,000 and more financing, these are great opportunities to apply for before the end of the month. It is important to note that grants have a series of requirements for their applicants, and the expiration date is one of the most important. So make sure to always sign up as early as possible to give yourself a better chance.
Grants for women and minority small business owners are also available across the country. From mother-owned businesses to Black, Asian, First Nations and others, these grants aim to help underserved entrepreneurs. Grants are now available from $500 to $25,000.
If you are in a state affected by the drought that is currently occurring and it has been declared a drought disaster area, you can apply for an Economic Injury Disaster Loan (EIDL Loan). The SBA has added several states in the West, so check if you live in any of these disaster areas before applying.
On a related topic, the budget for the Small Business Administration has been increased for fiscal year 2023. And when it comes to providing funds to small business owners, the new budget has increased the lending authority of SBAs by $6.5 billion. increased. This is good news for start-ups and people who want to improve and expand their activities.
Small Business News Feed – May 6, 2022
Check out what else is happening in the small business world in the rest of this week’s recap:
Snapchat launches Pixy, the drone companion that fits in your pocket
Snap Inc., the US camera and social media company that develops technology products and services, including Snapchat, has launched Pixy. Snapchat launches Pixy, the drone companion that fits in your pocket. The pocket-sized drone is hailed as a “friendly flying camera” and can capture and capture photos as it flies around a subject.
Amazon is closing Alexa.com site
Amazon has retired the Alexa.com site, the service that provides web traffic analytics, effective May 1, 2022. Amazon, the e-commerce giant, acquired Alexa in 1999 and has since provided web traffic data, global rankings and other information on more than 30 million websites. Amazon is shutting down Alexa.com For decades, businesses and individuals had used Alexa to conduct in-depth research into web events.
A major EIDL deadline for small business owners is imminent
It is too late to apply for a new Covid 19 EIDL loan. But if you want to increase the amount of an existing loan or request a consideration, you better hurry. The deadline is May 6. EIDL Loan Deadline Approaching How much money a small business can borrow with an EIDL loan varies. The Small Business Administration will review your paperwork to make the decision.
Big Drop in Small Business Jobs, ADP Reports
Small businesses lost 120,000 jobs from March to April, according to the ADP National Employment Report issued May 4, 2022. That’s despite the country seeing total job growth of 247,000 (medium-sized and large companies) over the same period. Franchise jobs also saw an increase, with 47,400 jobs.
Wix and LegalZoom team up to help entrepreneurs start a business and get it online
Wix has partnered with LegalZoom to enable entrepreneurs in the US to begin the legal formation of their business while also creating a suitable online presence.
Biden Officially Declares May 1-7 as National Small Business Week
President Joe Biden has officially declared May 1-7 as National Small Business Week. National Small Business Week is celebrated every year in the first week of May in the US. This year’s weeklong celebration will be dedicated to “Building a Better America Through Entrepreneurship.”
Small Biz in 15 – Ivana Taylor on the impact of the pandemic on small businesses
As the business world continues to recover from the COVID pandemic, small business owners are showing shifts in focus that have helped them survive in recent years. Small business owners say sales remain a major challenge, but marketing has taken precedence over the past two years.
Republicans submit bill to reform SBA
Republicans from the House Committee on Small Business recently introduced a bill called the “Improve the SBA (Small Business Administration) Act.” They cited fraud and maladministration by the SBA as the reason. The SBA should not engage in direct lending, Republicans on the committee agreed.
How To Achieve Unusual Success With John Lee Dumas
How do you build a business for entrepreneurs that has made a 7-figure profit for the last eight years in a row? On The Small Business Radio Show, I spoke with John Lee Dumas (JLD), the founder and host of the award-winning podcast Entrepreneurs On Fire.
SBA National Small Business Week Focus Builds a Better America with Resource Communities
The Small Business Administration (SBA) theme for the upcoming National Small Business Week is “Building a Better America Through Entrepreneurship.” SBA Director of Strategic Alliances Morning Washburn announced the schedule for the week of May 2-7, which includes a virtual summit, winner’s event, field office events and a national bus tour.
Apple says new iMovie 3.0 makes it easier to edit and share videos
Apple has announced a new version of iMovie that includes features that make it even easier to create great edited videos on iPhone and iPad devices. Apple Says New iMovie 3.0 Makes It Easier to Edit and Share Videos The new version of iMovie has a Storyboards feature that teaches content creators how to edit and improve their video storytelling skills with pre-made templates.
The rise of buy now pay later payment options for consumers and businesses
As many as 2 in 3 Americans are more interested in buy now pay later (BNPL) in 2022 compared to before the pandemic. The Rise of Buy Now Pay Later Payment Options for Consumers and Businesses The growing demand for BNPL is highlighted in an infographic from Opy, a payment fintech.
Get the latest headlines from Small Business Trends. Follow us on Google News.
Image: DepositphotosMore in: Small Business Grants
This post Multiple grants from $5,000 to $20,000 and more available to small businesses nationwide was original published at “https://smallbiztrends.com/2022/05/roundup-small-business-news-roundup-may-6-2022.html”