Today's Date: March 5, 2021
Affect Study Reveals the Significant Impact of COVID-19 on Women in the Workplace   •   Dr. Bryant Marks, Widely Acclaimed Diversity Trainer, Hosts Implicit Bias Special On E.W. Scripps TV Stations Across The Country   •   Reliant Joins Forces With Rebuilding Together to Help Houstonians Recovering From Winter Storm Damage   •   Jeffrey M. Talpins Foundation Partners with Advocates for Children of New York (AFC) to Support the Education of New York City C   •   Film Festival Flix Curates Women in Cinema Collection, Highlighting Female-led Filmmaking Teams   •   CIBC hosting financial webinars in support of International Women's Day   •   Recording Academy® Partners With Berklee College of Music and Arizona State University to Conduct Study on Women's Represent   •   New York Women in Communications Launches #WOMENHEARD   •   Study Shows SARS-CoV-2 Virus Not Detected in Human Semen   •   Make Snack Time Fun and Simple   •   Analytics Insight Names 'The 10 Most Impactful Women in Technology’ in March 2021   •   Government of Canada invests $247,240 to improve organizational capacity at the North York Women's Shelter   •   EWTN News Launches New TV Program   •   Customers Bank Backs SBA’s Stronger Support for Sole Proprietors, Independent Contractors, Self-Employed Individuals, as w   •   Forbes School of Business & Technology® Center for Women's Leadership to Host International Women's Day Events   •   Boot Barn Holdings, Inc. Announces Participation in the UBS Global Consumer and Retail Virtual Conference   •   FINTECH.TV Partners With EmmyⓇ Award-Winning Media Pioneer Pat Mitchell For The Launch Of Dangerous Women: Leading Onward   •   Lafarge Canada Once Again Recognized as One of Canada’s Best Diversity Employers   •   Department of Labor and Training, SheWorks! and Polaris MEP Partner to Train Women with Skills for Global Employability and Conn   •   International Women’s Day: ARM & HAMMER™ Laundry Detergent Proudly Sponsors Dress for Success’ Your Hour,
Bookmark and Share

New Funding Opportunities For Black Businesses


By Dante Lee, 

entrepreneur and the best-selling author 

WASHINGTON -- In September 2010, President Obama approved the Small Business Jobs Act - a new law that has become a very significant piece of small business legislation. The law extends the successful SBA enhanced loan provisions while offering billions more in lending support, tax cuts, and other opportunities for entrepreneurs and small business owners.

Now in 2011, those provisions have become to manifest themselves. Just recently, the U.S. Treasury Department approved more than $50 million to support lending to small businesses in the states of Connecticut, Missouri and Vermont. This might sound small, but that translates into $534 million in loans.

In an earlier round of funding this year, California, Michigan and North Carolina were approved for a total of $293.8 million. And guess what? As time goes on, the law provides that even more states will receive funding.

Being that African American business owners are disadvantaged in many ways, they should especially pay attention to what's happening and inquire locally at their banks and credit unions. A lot of this funding is being allocated to commercial loans, technology loans, and other loans for companies who have less than 500 employees.

Here are some other facts about the new law:

- The law eliminates the “Competitiveness Demonstration” program, which limited opportunities for small contractors in 11 industries where they excel, such as construction, landscaping and pest control.

- The law will provide $90 million in competitive grants over next three years for states to help small business owners with exporting (target rollout summer 2011).

- The law provides up to $50 million in grants to Small Business Development Centers across the country starting January 2011.




Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News