The program awarded $1.3 million to 65 small businesses through grants of up to $20,000 each that do not need to be repaid to fund projects that will help businesses across the U.S. pivot, drive innovation, and grow in a challenging economic landscape.
The pandemic has highlighted how interconnected the world is. As my own family’s tragedies have made all too clear, viruses know no borders — and neither do death, grief and mourning. Life-saving vaccines shouldn’t either.
Black America was in an economic crisis before COVID-19, and recovery for Black-owned businesses will require solutions to the economic preconditions that made success and wealth accumulation so difficult to achieve before the pandemic, a new report found.
This was the right move and essential to keep people safe and in their homes. The pandemic isn’t over, the financial crisis it created for millions of families isn’t over, and evictions now would make the situation much worse.
Over the coming weeks, we’ll publish essays from NCRC staff, members, local leaders and national partners who can give a voice to the concerns, issues and solutions for women, specifically Black, indigenous and women of color, who have been living through and managing this health and economic crisis for the past year.
Relationships Matter: Small Business and Bank Branch Locations — Key Takeaways The number of banks and bank branches has declined significantly since 2009. Local branches are still crucial to small business lending. Small business lending is increasingly dominated by the largest lending institutions. Smaller institutions are disappearing as they merge or are bought out by …
Today, the U.S. House of Representatives passed the American Rescue Plan – the new $1.9 trillion stimulus package passed earlier this week in the Senate, and championed by President Biden, who is expected to sign the bill Friday.
The National Community Reinvestment Coalition (NCRC) and the Stavros Niarchos Foundation (SNF) today announced the launch of a major new initiative, the SNF Small Business Growth & Recovery Fund.
NCRC surveyed 938 small business owners across nine metropolitan areas from October 23, 2020, to December 29, 2020. The purpose of the survey was to determine whether small business owners explored other options, such as lease and loan modifications to save their businesses, and if so, did they access them.
Rebuilding vulnerable communities reeling from the economic ravages of COVID-19 pandemic will require a heightened public-private partnership—one defined not just by resolute individual and entrepreneurial initiative, social enterprise, and nonprofit capacity-building, but also by thoughtful and visionary public policy re-envisioned with these communities in mind.