Feds: Small business loans to diverse owners increase across eastern Pa. | Thursday Morning Coffee
The U.S. Small Business Administration's Eastern Pennsylvania District, which is made up of 40 of Pennsylvania's 67 counties, reported that the SBA 7(a) loan, its standard small business loan program, saw "significant gains" in loans to underserved communities over the past year.
‘It’s all about creating jobs’: Urban League, feds partner to boost minority-owned businesses
'The COVID-19 pandemic was catastrophic for Black-owned businesses on so many levels, ' National Urban League President and CEO Marc H. Morial said.
Report offers ways to address inequities among Philly’s minority-owned small businesses
The research incorporates feedback from interviews, focus groups and survey responses from nearly 250 small business owners and 79 capital and business support organizations and an advisory council of more than 30 local business owners, community-based organizations, capital and service providers, city government officials and philanthropic institutions.
Philly Navy Yard redevelopment: Black-owned firm, partner pledge $1B toward diversity, equity, inclusion
The developers expect to break ground on the project’s first building in the fourth quarter of this year. Mayor Jim Kenney said the project will help spur equitable growth in the city.
Harrisburg should not pass up this opportunity to invest in the Black economy | Opinion
With $10 billion at their disposal this budget season, Pa. lawmakers have a generational chance to improve the Commonwealth. They must invest in Black-owned businesses.
Philly City Council questions Kenney’s commitment to growing Black-owned biz in budget plan
One lawmaker called for using more of the city’s $1.4 trillion in federal coronavirus stimulus funds to grow Black- and brown-owned businesses rather than the $55 million that the administration has proposed.
Philly chamber launches program to boost Black-owned businesses
The collaborative is part of the chamber’s Recharge & Recover PHL initiative, a public-private coalition to devise solutions in response to the global pandemic crisis.
Why Black and Hispanic small-business owners have been so badly hit in the pandemic recession | Analysis
With fewer funds to fall back on, minority-owned enterprises have struggled in the recession. To make things worse, many are in sectors that have been badly hit by lockdowns.
Philadelphia legislator calls for making every Friday ‘Shop Black Business Friday’
Legislators introduced a non-binding resolution on Thursday that would declare the end of each workweek in December “Shop Black Business Friday” in the city. The resolution could be passed as soon as next week.
‘I’m bullish’: Philly’s Black biz leaders react to Biden, Harris victory
Biden’s plans calls for a historic effort to empower small business creation and expansion in economically disadvantaged areas.
Trump, Biden make their pitch to Black-owned businesses, who wonder why it only happens every four years
The pandemic has exacerbated racial inequity in the business community and forced Black businesses to close at alarming rates.
There is a pathway to recovery. It will take us all working together | Mark S. Schweiker
Leaders in Harrisburg and in Washington must draw together, put election-year politics aside, and provide important aid to our citizens and local governments.