Business Daily News
By Business Daily | Oct 5, 2024
Following President Biden's letter to Congress concerning disaster relief needs for communities affected by Hurricane Helene, U.S. Small Business Administration (SBA) Administrator Isabel Casillas Guzman has called on Congress to replenish the SBA’s disaster loan program. The funds are crucial for small businesses, homeowners, renters, and non-profits impacted by disasters and are expected to run out before the end of October.
By Business Daily | Oct 4, 2024
Goldman Sachs has announced the expansion of its 10,000 Small Businesses initiative to Minnesota, as part of a broader $100 million investment aimed at supporting rural communities.
By Business Daily | Oct 4, 2024
The U.S. Small Business Administration (SBA) has announced the distribution of $9 million in grants to 49 organizations across the United States. The initiative, part of the Federal and State Technology (FAST) Partnership Program, aims to assist underserved communities by providing specialized training, mentoring, and technical support for startups.
By Business Daily | Oct 3, 2024
The U.S. Small Business Administration (SBA) has announced the addition of 14 new awards to its Regional Innovation Cluster (RIC) network. This expansion aims to support small businesses and entrepreneurial organizations nationwide, fostering innovation and job creation.
By Business Daily | Oct 2, 2024
E*TRADE from Morgan Stanley has published its monthly sector rotation study, which analyzes the buying and selling behavior of its customers in relation to stocks within the S&P 500 sectors. This data provides insights into customer trends based on notional net percentage buy/sell activity.
By Business Daily | Oct 2, 2024
On October 1, Deputy Administrator Dilawar Syed of the U.S. Small Business Administration visited Boise, Idaho. His visit aimed to understand the local business environment and engage with entrepreneurs during Boise Entrepreneur Week.
By Business Daily | Oct 1, 2024
TJC LP, a middle-market private equity firm focused on North American businesses, has announced the closure of its second continuation fund at $2.1 billion. This fund extends The Resolute Fund III, L.P. and includes an asset jointly owned with The Resolute Fund IV, L.P.
By Business Daily | Sep 30, 2024
Today, the Biden-Harris Administration announced a new rule aimed at reducing costs for small business owners. The U.S. Small Business Administration (SBA) Administrator Isabel Casillas Guzman revealed that the SBA 504 Loan Program will now allow easier refinancing of debt. This move is expected to help small businesses lower their debt payments and access more affordable capital for expansion or growth.
By Business Daily | Sep 30, 2024
Morgan Stanley Investment Management (MSIM) has finalized the 1GT climate private equity fund, securing $750 million in equity capital commitments. The 1GT fund focuses on growth-oriented investments in North American and European companies with the goal of avoiding or removing one gigaton of carbon dioxide-equivalent (CO2e) emissions from the atmosphere by 2050. Leading institutions from Europe, Japan, and North America participated in this investor group.
By Business Daily | Sep 30, 2024
The U.S. Small Business Administration (SBA) has announced the 11th annual National Veterans Small Business Week (NVSBW), scheduled to take place from November 11 to November 15. The event will feature both in-person and virtual events nationwide.
By Business Daily | Sep 27, 2024
Drew Maloney, President and CEO of American Investment Council (AIC), said private equity has a major impact on American jobs and communities, as well as provides support for local small businesses.
By Business Daily | Sep 26, 2024
Starbucks Corp. (SBUX) has faced a recent stock downgrade by analysts as the company deals with ongoing lawsuits, leadership changes, and activist pressure, which have impacted its near-term outlook.
By Business Daily | Sep 26, 2024
On Wednesday, September 25, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, traveled to Nebraska to mark Hispanic Heritage Month and meet with Tribal leaders. The discussions focused on the SBA’s efforts to support entrepreneurship and economic development in Native American communities.
By Business Daily | Sep 26, 2024
On Tuesday, Sept. 25, SBA Deputy Administrator Dilawar Syed visited Jackson, Detroit, and surrounding areas to meet with local entrepreneurs and highlight the impact of investments by the Biden-Harris Administration in infrastructure, technology, and manufacturing. Since President Biden took office, more than 19.4 million founders have filed to start a business – including more than 528,000 in Michigan alone.
By Business Daily | Sep 25, 2024
Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced $20 million in State Trade Expansion Program (STEP) grants awarded to 43 state and territory international trade agencies. These grants aim to support small businesses in increasing their export volume and value. States can start soliciting applications from small businesses immediately, with funding available starting September 30.
By Business Daily | Sep 25, 2024
The U.S. Small Business Administration (SBA) has announced the winners of the 2024 Growth Accelerator Fund Competition (GAFC) Stage Two. Administrator Isabel Casillas Guzman, head of the SBA and a member of President Biden’s Cabinet, revealed that 44 accelerator partnerships have received awards ranging from $50,000 to $150,000 each. These funds aim to support small businesses and startups in STEM and research and development across key areas such as national and economic security, domestic manufacturing and production, sustainability, and biotechnology.
By Business Daily | Sep 24, 2024
Residents in Florida, Georgia, and the Carolinas are urged to finalize their preparations as Hurricane Helene approaches. The Insurance Information Institute (Triple-I) reports that the hurricane is expected to make landfall along Florida’s Gulf Coast on Thursday, September 26.
By Business Daily | Sep 23, 2024
The U.S. Small Business Administration (SBA) announced it will cohost two events this fall in Washington, D.C., and Florida as part of the 2024 National ChallengeHER road tour. The initiative, organized alongside Women Impacting Public Policy (WIPP) and American Express (AMEX), aims to bring more women-owned firms into the federal government’s supply chain.
By Business Daily | Sep 23, 2024
Excess and surplus lines (E&S) have experienced growth for five consecutive years, marked by double-digit percentage increases. This trend is attributed to solid underwriting results driving operating profitability due to new risks and reduced capacity in admitted markets. These insights are part of the Insurance Information Institute’s (Triple-I) latest issues brief, "Excess and Surplus: State of the Risk."
By Business Daily | Sep 20, 2024
This month, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, is encouraging small businesses to take proactive steps to safeguard their operations from potential natural disasters. This year’s theme is “Prepare Now, Recover Faster.”