Latest Small business News

American Express launches products for small businesses

Jan. 31, 2023 08:55 AM EST

NEW YORK (AP) — American Express is launching a suite of financial service products for small businesses as it aims build up its presence in the small business sector. The services, called Business Blueprint, stem from the credit card giant's acquisition of fintech Kabbage in 2020....

Dayum This is My Jam owner now makes jam full time

Jan. 22, 2023 09:07 AM EST

RICHMOND, Va. (AP) — The owner of an 8-year-old jam company is leaping into the business full time after years of growing it as a small business while holding down office jobs. The playfully branded company is inspired by decades-old family recipes and a mission to connect LGBTQ and...

Small businesses to tackle long list of challenges in 2023

Jan. 10, 2023 06:01 AM EST

NEW YORK (AP) — Small businesses face a mix of old and new challenges as 2023 begins. A looming recession, still high (although easing) inflation and labor woes are some of issues carrying over from 2022 that small businesses will have to tackle. There are also new regulatory wrinkles, such as a...

EU reaches deal on emissions trading, social climate fund

Dec. 18, 2022 15:21 PM EST

BERLIN (AP) — European Union governments and lawmakers reached a deal Sunday on key elements of the 27-nation bloc's green deal, reforming the EU's trading system for greenhouse gas emissions and creating a new hardship fund for those hardest-hit by measures to curb climate change. ...

Inflation dampens otherwise bright small biz holiday season

Dec. 16, 2022 04:57 AM EST

NEW YORK (AP) — The free-wheeling holiday shopper of 2021, happy to spend money to relieve some pent-up pandemic demand, has given way to a more practical consumer this year, many small business owners say. The reason: inflation. Stephanie Sala felt last year had a...

House panel says lax screening helped facilitate PPP fraud

Dec. 01, 2022 11:48 AM EST

WASHINGTON (AP) — Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic, a report by a House investigations panel said Thursday. ...

Is now the right time for your business to buy real estate?

Dec. 01, 2022 09:52 AM EST

For small businesses hoping to establish or expand their brick-and-mortar presence, it may seem like a bad time to sink cash into a commercial property purchase. Amid predictions of an upcoming recession, the Federal Reserve increased the federal funds rate for the sixth time in...

NYC public employees among 19 accused of pandemic aid fraud

Nov. 30, 2022 14:42 PM EST

NEW YORK (AP) — Nineteen people including 17 New York City and New York state public employees were charged in a federal complaint unsealed Wednesday with submitting fraudulent applications for funds intended to help small businesses survive the coronavirus pandemic. The accused,...

Millennial Money: 4 reasons for thrift store gifts this year

Nov. 29, 2022 09:25 AM EST

Thrifting is hot, and Goodwill finds are cool again. But while we’re thrilled to find the perfect throwback tee for our own closet, gifting used goods still carries a stigma for some. It shouldn’t. Secondhand gifts are better for your wallet, your community and...

Virginia family child care providers learn business skills

Nov. 26, 2022 09:03 AM EST

RICHMOND, Va. (AP) — When many child care facilities were closing their doors during the COVID-19 pandemic, DeShonda Jennings opened her family home child care DJ Shining Stars Daycare. “I knew that all of these families needed help and that kids needed care,” said Jennings,...