Articles by tag: Small Businesses
As big-box retailers like Walmart and Target continue to expand their physical storefronts, small business retailers are carving out a niche by integrating deeply with their local communities. These local shops, unlike their gigantic counterparts, are leveraging their brick-and-mortar presence to enhance community ties and foster local economies. While large retailers invest in blending […]
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More Small Businesses are Going Bankrupt With High Interest Rates and a Shrinking Bank Loan Supply
With fluctuating interest rates and economic uncertainty, the challenges facing the banking sector and, by extension, small to medium-sized businesses, are more complex than many might think. Private debt has several implications which offer a sobering look at how interest rate changes impact not just macroeconomic stability but also loan growth and business […]
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Small Businesses are Better Equipped to Prevent Cybercrime. DHS’s Recent Funding Will Aid Their Research.
Since the inception of the internet, cybercrime has been a concern. The escalating wave of cyber threats necessitates cutting-edge defenses to safeguard our digital realm. Recognizing this, the Department of Homeland Security (DHS) has recently awarded $3.15 million to 20 small businesses for proof-of-concept research in cybersecurity. Given that small businesses contributed to 44 […]
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NYC, Goldman Sachs Launch Effort to Give Struggling Small Businesses a Lift
(Bloomberg) — New York City Mayor Eric Adams on Monday will announce a new partnership with Goldman Sachs Group Inc. and Mastercard Inc. that will create the largest public-private loan fund for small businesses in the city’s history. The $75 million NYC Small Business Opportunity Fund will offer businesses loans ranging from $2,000 to $250,000 […]
Retail
The Longterm Impact of Retail Closures in 2021
The CEO of Mainvest, Nick Mathews, discusses big news out of the Bureau of Labor Statistics on massive incoming retail closures in 2021. He breaks down which sectors are most impacted, but specifically, gives insight on how small businesses are being hit, and offers strategies for how government and business communities can step in […]