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Showing posts from July, 2021

Federal COVID-19 grants and loans still available but slow to be disbursed for small businesses in Baltimore and across U.S. - Baltimore Sun

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Riverside looks to waive fees for some businesses - Riverside Brookfield Landmark - Riverside Brookfield Landmark

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Riverside trustees last month gave the go-ahead for waiving a number of fees as incentives to anyone looking to open a new sales tax-generating business in the village in 2021.  The fee waivers were proposed by Village Manager Jessica Frances as part of a continuing response to the COVID-19 pandemic, which has impacted many local businesses. Earlier this year, the village board approved waiving liquor license and outdoor dining license fees to help restaurants and bars hit hard in 2020 and part of 2021 by pandemic restrictions. In addition to those fees, Frances proposed several other business fee waivers in 2021 to incentivize businesses to open in Riverside. "While it's not a significant dollar amount [in terms of revenue for the village], I think it would be very significant to those new businesses," Frances told village trustees at their June 17 regular business meeting. Among the fees waived for new businesses will be

WashU Expert: Is it a good time to start a small business? Yes and no - Washington University in St. Louis Newsroom

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There's growing evidence that the COVID-19 pandemic spurred a small business boom. In May, the National Bureau of Economic Research found that small business rose 21% in 2020, compared to the prior year. Even in the best of times, though, launching a successful small business is challenging. About 20% of U.S. small businesses fail within the first year, according to data from the U.S. Bureau of Labor Statistics. So, starting a small business during a global pandemic may seem especially risky. MacDonald However, recent developments — such as changes in the labor force — may play to small businesses' advantage, according to Glenn MacDonald, the John M. Olin Distinguished Professor of Economics and Strategy at Olin Business School. MacDonald has extensive experience advising businesses large and small. Last summer, in conjunction with the  STL Small Business Task Force, MacDonald and mor

How to Evaluate a Bank's Community Reinvestment Act Evaluation - Next City

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There's a little-known story about the former U.S. Senator William Proxmire who once got into a squabble with federal banking regulators while he was chair of the Senate Banking Committee, in the mid-1970s. Proxmire wrote to the regulators insisting they already had the authority under existing banking laws to require banks to lend wherever they took deposits, instead of just taking deposits from some neighborhoods while never lending in those neighborhoods. Back then, as now, banks often took deposits from Black neighborhoods while denying loans to residents and businesses in those neighborhoods. Senator Proxmire believed that since a banking charter is actually a license to create money in the name of the U.S. government, banks had a special obligation to use that license for public good. Banks create money whenever they make investments or make loans. Funds show up instantly in borrowers' deposit accounts, which then get exchanged between accounts

Gaining a Competitive Edge Using BI and Data Management | ESP - Enterprise Storage Forum

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To cope with the vast volumes of data they interact with, enterprises are adopting means that allow them to make use of data in different business operations. Business intelligence (BI) includes technologies, best practices, and tools that help enterprises make sense of data to optimize their operations. However, business intelligence alone is not enough. Business intelligence is supported by data management — the processes and procedures that facilitate an enterprise's control over its data. Data management and business intelligence increasingly overlap to improve the data-driven decision-making of an enterprise. Tying BI and Data Management Together The effectiveness of BI is determined by the quality of an organization's data management processes. Great data management depends on how well an organization approaches data storage, performance, security, and compliance. The outcome is amplified by business intelligence. As such, with poor data management, you can expect inc

Small Business Lessons From The Tokyo Olympics - Forbes

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The performances of Olympic athletes in Tokyo can seem superhuman to the rest of us. As we watch these men and women the incredibly sculpted bodies accomplish astonishing achievements, one can just imagine the commitment and dedication it takes to reach the top. Olympians are committed to their goals and often solely focused on reaching them. As we learn from the coverage of the games, they have learned to overcome all types of adversity, including physical injuries, depression, and dealing with the toll COVID took on the pursuit of their dreams. There are many parallels that can be drawn between world class athletes and successful entrepreneurs.  They are similarly driven in the pursuit of their goals and work tirelessly to achieve them. In fact, Olympians have the same qualities that are important for business success. Perseverance Olympic athletes – whether they make the podium or not – typically have the opportunity to try again four years later. COVID

Top 5 Savings Accounts With Good Returns Up To 7% - Goodreturns

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For Quick Alerts ALLOW NOTIFICATIONS   Investment oi-Vipul Das | Published: Tuesday, July 27, 2021, 17:37 [IST] When it comes to saving for short-term needs or funding any financial crisis, opening a savings account is a smart bet. For investors who are going to start their investment journey as a beginner can open a savings account with any bank or post office which not only allows them to earn interest, make hassle-free cash withdrawals and deposits, apply for a loan, apply for a credit or debit card but also their deposits are insured up to Rs 5 lakhs by the Deposit Insurance and Credit Guarantee Corporation (DICGC) which is a subsidiary of RBI. Although it is a fact that savings accounts offer lower interest rates than that of fixed deposits or recurring deposits, there are still some banks that are currently

Charles Schwab Review: Help for All Investors - GOBankingRates

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Charles Schwab Review: Help for All Investors | GOBankingRates GOBankingRates Score Our Take: With Charles Schwab,