House passes $55 billion small business grant bill, but COVID relief grants also still available
House passes  billion small business grant bill, but COVID relief grants also still available

Small businesses still face the challenges posed by the pandemic, but now you can add inflation, supply chain issues, and even continued labor shortages. For these owners, that means continuing to operate with fewer resources while trying to keep their customers. One way for them to continue is to apply for and obtain timely grants designed to help their industry, which the Chamber has done with HR 3807.

Challenges facing small business owners led the House to pass a bill to reinstate a small business grant program. Along with HR 3807, the $55 billion fund will help many deserving small businesses. The Chamber spends $42 billion on restaurants, food trucks, wineries, breweries and bakeries. And the remaining $13 billion will go to gyms, event venues, theaters, transportation contractors and sports teams. Learn more:

The $55 billion passed by the House will be more than welcomed by small business owners, however, there are still thousands of dollars available locally in communities across the country. You can apply for grants from $2,500 to $25,000 in several cities and counties. These grants cover everything from renovation projects to freelancers, micro-enterprises, pandemic-related issues, and more. Take a look at these grants:

Small Business News Roundup – April 15, 2022

Here’s a look at some other small business headlines this week…

Some Etsy sellers are on strike over fee increases

Thousands of sellers on Etsy are embroiled in a week-long strike over fee increases. According to a report on NPR, merchants in the e-commerce channel dedicated to handmade or vintage items and craft supplies are shutting down their online stores for a week to strike against the increased fees. Etsy sellers are on strike over fee increases Etsy sellers are reluctant to pay the 1.

Soaring egg prices

Americans are feeling the pinch on their grocery bills due to soaring egg prices. Wholesale egg prices almost tripled compared to the same period last year. Prices for large white Grade A eggs averaged between $2.80 and $2.89 per dozen according to the USDA Midwest Regional Daily Egg Report, more than double what they cost in March.

Google suspends monetization of sites in Russia or that exploit or tolerate the war in Ukraine

Google has announced that it will suspend ads that exploit or condone the Russian-Ukrainian war. The search engine giant said it will not help websites, apps and YouTube channels sell ads that include content that appears to exploit, reject or condone the Russia-Ukraine conflict.

Secure Act 2.0 would change retirement savings and impact small business owners

The Secure Act 2.0 (HR 2954 Securing a Strong Retirement) passed the House and is currently being discussed in the Senate Finance Committee. If it becomes law, what will it mean for small business owners? The Secure Act 2.0 could mean changes for employers, with changes to how 401Ks are administered for full-time and part-time employees.

Improve your sleep to improve your business

Better quality sleep can have a direct impact on productivity and business success. This is one of the main conclusions of an infographic from Pizuna, supplier of high quality bedding worldwide. Pizuna’s infographic “Stressed and Not Sleeping: How to Improve Your Sleep” highlights the importance of investing in a good night’s sleep for business success.

Small business loan approval rates are climbing, but not fast enough

Loan approval rates continue to rise slowly, but not fast enough, according to the Biz2Credit Lending Index, released April 12. “Small business lending hasn’t fully recovered,” said Rohit Arora, CEO of Biz2Credit. “This is disappointing news for companies looking to grow their businesses.” The report includes loan approval rates through March 2022.

Small business optimism plummets on inflation concerns, says NFIB

For months, small business owners have cited a lack of available workers as the biggest problem they face. There is a major new problem: inflation. That’s according to the National Federation of Independent Business Optimism Index for March 2022.

SBA now operates a women’s business center in all 50 states

The Small Business Association (SBA) announced the expansion of the Women’s Business Center network to all 50 states.

SBA Names 2022 Small State-Owned Enterprises of the Year

The United States Small Business Administration (SBA) has announced the 2022 Small Business of the Year winners in each of the country’s 50 states. The nation’s top entrepreneurs will be officially recognized on May 5 at the National Small Business Week (NSBW) awards ceremony.

Costco subscription prices could rise

Costco membership fees could rise imminently and cost more this summer. Fees for members-only big-box retail stores typically increase every five years, and the five-year mark approaches in June, as reported in Fox News.

Image: Depositphotos

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