Category: Small Business News
Small Business News
Applications Open for 2023 Venmo Small Business Grant Program
by Kyle Burbank
Another small business grant opportunity has emerged, giving entrepreneurs a chance to win up to $10,000 for their operation. About the program. The peer-to-peer payment app Venmo has announced that applications for their second annual Venmo Small Business Grant program are now being accepted. This year's program will see 20 businesses receiving $10,000 each. These funds can then be used to cover expenses such as rent, advertising, etc.. Plus, in... Small Business News
Paychex Small Business Jobs Index Ticks Down in June 2023
by Kyle Burbank
The latest report from Paychex shows that the rate of small business hiring decelerated in June of this year. About the report: This week, Paychex updated its monthly Small Business Jobs Index, which measures the rate of small business job growth. In June the index inched down to 99.21 from 99.45 in May. This also continued a downward trend, falling from 99.73 in March. It's also well off from a high... Small Business News
Square Launches Square Credit Card, New Cash Flow Tools
by Kyle Burbank
The popular small buisness point-of-sale system Square has announced several new tools, features, and updates that are meant to better help sellers manage their cash flow. About the announcements: This week, Square announced that it was launching new cash flow management products in beta. Perhaps most notably, this includes the Square Credit Card, which will operate on the American Express network (although it will be issued by Celtic Bank). According... Small Business News
Intuit Announces IDEAS Pilot Program for Small Businesses
by Kyle Burbank
Intuit, which owns several small business tools from QuickBooks to Mailchimp, is launching a new pilot program that will support small businesses — starting with minority-owned businesses in the greater Los Angeles area. About the program: This week, Intuit announced the launch of its Intuit IDEAS program — with IDEAS standing for Invest, Develop, Empower, Accelerate, and Scale. For this initial pilot program, the company is partnering with the Los... Small Business News
Survey: Two-Thirds of Small Businesses Expecting Recession
by Kyle Burbank
A new survey from Nationwide finds that small businesses in the U.S. are increasingly growing concerned about the economy — even as they continue to roll back pandemic-era cost-cutting measures. The survey results: Headlining Nationwide's survey is the fact that 68% of respondents stated that they expected a recession to hit within the next six months. What's more, of those small businesses who anticipated a recession, 71% predict that it... Small Business News
Report: 60% of Amazon Sales Come From Independent Sellers
by Kyle Burbank
The Internet's everything store Amazon has released a new report highlighting the impact that small businesses and independent sellers on the site had in 2022. From the report: According to Amazon's latest Small Business Empowerment Report, 60% of the site's sales come from independent businesses. Amazon notes that "most" of these independent sellers are small to medium-sized businesses, but did not offer a special breakdown. In any case, the site... Small Business News
FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest
by Kyle Burbank
Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...