Low-Income Small Business Owners Get $7 Million in Business Grants
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Entrepreneurship really has no limits when it comes to one’s income level. Many times, a good business idea is born out of someone’s desire to get out of a difficult economic situation.
However, people in those positions often have a hard time getting the capital they need to get their business idea off the ground and up and running.
This week, the Small Business Administration announced that it has awarded $7 million in PRIME business grants to low-income entrepreneurs that will help those people get their ideas off the ground.
That was one of the top headlines in a week full of small business news. Let’s take a look at that and other headlines in our Weekly Small Business Trends News Round:
Wix Expands Partnership with Google to Offer Gemini Workspace
Wix announced the expansion of its strategic partnership with Google by becoming the first reseller of Google Gemini for Workspace. This partnership allows Wix users to use AI-enhanced productivity solutions throughout Google Workspace, greatly improving productivity, creativity, and efficiency.
IT-Mobile Unveils Special Deals on the New Google Pixel 9 Series and Pixel Watch 3
IT-Mobile (NASDAQ: TMUS ) announced today that Google’s latest Pixel lineup, including the Pixel 9, Pixel 9 Pro, Pixel 9 Pro XL, Pixel 9 Pro Fold, and Pixel Watch 3, will soon be available for its service. IT-Mobile is offering special deals to new and existing customers, making it easier than ever to access these new mobile devices on the T-Mobile 5G network.
New NFIB Survey Reveals Top Concerns for Small Businesses: Inflation, Taxes, and Uncertainty Top the List
The National Federation of Independent Business (NFIB) has released its 11th annual report, Small Business Issues and Priorities, which provides a detailed analysis of the challenges facing small business owners across the United States.
Adobe Launches AI-Powered Journey Optimizer to Transform B2B Marketing
Adobe (Nasdaq: ADBE) announced the general availability of Adobe Journey Optimizer (AJO) B2B Edition, a key tool designed to transform the way businesses engage with buying teams—committees of individuals responsible for making major purchasing decisions.
IRS Offers Tax Relief to Minnesota Victims of Severe Storms and Floods
The Internal Revenue Service (IRS) has announced tax relief for individuals and businesses in 25 Minnesota counties affected by severe storms and flooding that began on June 16, 2024. Taxpayers in these areas now have until February 3, 2025, to file their federal taxes. various. returns and makes tax payments.
SBA and Department of Veterans Affairs Partner to Promote Veteran Entrepreneurship
The US Small Business Administration (SBA) and the US Department of Veterans Affairs (VA) have announced a new partnership aimed at developing veteran businesses.
US Forest Service Announces Hazardous Fuel Transportation Assistance Grants to Support Wildfire Disaster Strategy
The US Forest Service has announced the availability of Hazardous Transportation Assistance grants, intended to support projects that remove hazardous fuels from national forests and grasslands. These grants are designed to improve forest health and resilience, reduce wildfire risk, and support local forest product services and rural economies.
TikTok Releases 2024 Shopping Trend Report: “Bending Reality”
TikTok has launched its second annual “What’s Next 2024: Shopping Trend Report,” highlighting dynamic changes in consumer behavior influenced by economic uncertainty and inflation.
Meta Announces Llama 3.1 Impact Grants Program to Support Public Benefits of Open Source AI
Meta has opened applications for the Llama 3.1 Impact Grants program, designed to support innovative and impactful applications of its open source AI model, Llama 3.1. This initiative builds on last year’s Llama Impact Grants program, which was aimed at addressing global challenges in education, the environment, and innovation.
IRS Requires Multi-Factor Authentication for Tax Professionals to Improve Security
The Internal Revenue Service (IRS), in partnership with the Security Council, announced today that multiple factor authentication (MFA) is now a federal requirement for all tax professionals under the Federal Trade Commission’s protection rule. This mandate aims to strengthen the security of sensitive client information by requiring more than just a username and password to access the system.
Fiverr Expands eCommerce Solutions with the Acquisition of AutoDS, the Leading Automation Tool
Fiverr has announced its acquisition of AutoDS, a subscription-based platform that provides end-to-end solutions for underwriters. AutoDS provides tools for product research and availability, inventory management, and automated fulfillment, serving tens of thousands of paying subscribers worldwide.
SBA Announces $7 Million in PRIME Grants to Support Low-Income Small Business Owners
The US Small Business Administration (SBA) has announced the awarding of $7 million in PRIME grants to 28 nonprofit organizations across the country. These grants are part of the 2024 Program for Investment in Small Entrepreneurs (PRIME) and are aimed at providing training, program development, and increased access to finance for disadvantaged small entrepreneurs.
Ohio Man Pleas Charged with Employment Tax Fraud Related to Dentist Practice
An Ohio man, Eric Moesle of Pickerington, pleaded guilty to charges of failing to pay more than $750,000 in employment taxes and failing to file employment tax returns, according to a Department of Justice announcement.
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