Small Business News

PayPal Commits Additional $5 Million to Black-Owned Small Business Grant Program

Even as the first COVID-19 vaccines begin distribution, the pandemic continues to impact millions of Americans. Among those hardest hit are small business owners — with Black business owners being disproportionately affected even among this group. Because of this reality, PayPal has announced that it will fund a grant program...

Americans Fear For Small Businesses as 2020 Nears an End

This week, the first round of an approved COVID-19 vaccine begin shipping across the nation. As a result, many Americans are feeling a cautious sense of hope as a harsh year nears an end.

Survey Finds Small Business Owners Less Confident in the Economic Conditions Ahead

As 2020 finally nears an end, small business owners and many others are already looking to the future. Unfortunately, while there are reasons to be hopeful, the immediate future may not seem all that different from our current reality. In fact, a recent survey from Bank of America found that...

Small Business Saturday Sales Reach Record $19.8 Billion

On November 28th, Small Business Saturday was celebrated once again. This year's event was the 11th to occur as the Amex-founded retail holiday celebrated its 10th anniversary. Now, new figures suggest that the 2020 installment of Small Business Saturday was a success, with total sales nearing $20 billion. According to...

Uber Announces Completion of Postmates Purchase

It's official: Postmates is now owned by Uber. This comes after the ride-sharing company announced a $2.65 billion all-stock acquisition of Postmates back in July. The result of the deal closing is one of the largest delivery services in the United States, second only to DoorDash. According to Engadget, Uber...

American Express Commits $2.5 Million to "100 for 100" Program for Black Women Entrepreneurs

Continuing their commitment to supporting small businesses, this week American Express announced the 100 Black women entrepreneurs that have been selected to participate in the "100 for 100" program. Not only will the chosen women receive $25,000 in grants will also be able to utilize 100 days of business resources....

Three-Quarters of Americans Plan to Shop Local This Holiday Season

Good news for small businesses: consumers are ready to shop small this season. A new survey conducted by Harris Poll on behalf of Mastercard found that 77% of Americans intend on shopping at local retailers for their holiday gifts. What’s more, 75% report that they’re being more conscious about where...

Survey Finds Small Businesses Increased Investment During Pandemic

Despite the financial challenges that the past several months have brought for small businesses, it seems that many owners actually increased their spending according to a report by Regions Bank. For their survey, Regions spoke with more than 500 entrepreneurs. In each case, they owned businesses with 100 or fewer...