small business
-
David Perdue Campaign Mocks Opponent Jon Ossoff for Eating at Black-Owned Slutty Vegan Restaurant
Over the weekend, Democratic Senate runoff candidate Jon Ossoff visited Black-owned vegan restaurant Slutty Vegan in Atlanta during a tour to support small businesses. Despite the fact that Republicans often champion themselves as fighters for small businesses, current Georgia Sen. David Perdue’s campaign decided it was a good look to mock the senator’s opponent for…
-
The Color of Money: How Black Banks Build Black Economic Mobility
“We need Black-led financial institutions who have the expertise and who can really help steward the Black dollar toward more economic mobility in the community.” — Sabrina Terry, National Community Reinvestment Coalition text For far too long, Black people in America have not had fair and equitable access to financial services. It’s no surprise that…
-
Company Linked to Jay-Z's TIDAL Reportedly Received PPP Loan Before TIDAL Laid Off 15 Furloughed Employees
Malibu Entertainment, a company linked to TIDAL reportedly applied for and received a Paycheck Protection Program (PPP) loan—money set aside in the CARES Act to help small businesses affected by the pandemic—for about $2.1 million, according to a source via Variety. The company was apparently among the businesses that applied for the loans, which were…
-
Magic Johnson Offers $100 Million in Loans to Minority Businesses Left Behind by the Government
The federal government’s response to COVID-19 has been a mess from the top to the bottom, including the “you’re on your own” approach it’s taken towards black people, who have been disproportionately affected by the pandemic. Case in point: the $650 billion Paycheck Protection Program which was supposed to help small businesses survive and pay…
-
Janelle Monae to Perform in Verizon Live Series Benefitting Small Businesses
Across the board, celebrities are trying to do what they can with their platforms to help those who have been affected by the devastation brought on by COVID-19. Actress Octavia Spencer donated respirators to hospitals in her home state of Alabama and the epicenter of the illness, New York, while Rihanna has donated over $5…
-
Lakers Return $4.6 Million Loan From Program Meant for Small Businesses
The government stays fucking up; I don’t know how else you want me to put it. If it’s not the president telling folks to take a shot of bleach, it’s the botched rollout of programs meant to help the American people. Take, for instance, the Paycheck Protection Program. ESPN reports that the Los Angeles Lakers…
-
D.C's Historic Ben's Chili Bowl Among Small Businesses Still Waiting for Government Loans
It was already horrible news that the $349 billion set aside for small businesses struggling during the pandemic ran out of money on April 16, barely two weeks after it was released. To find out that much of that money went to large restaurant chains and publicly traded companies while many local favorites are struggling…
-
Shake Shack Returns $10 Million in Relief Funds and Asks That Small Businesses Be Given More Access
The Paycheck Protection Program was included as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act and was touted as a relief fund aimed at bailing out small businesses and nonprofits and helping them pay their workers during the coronavirus pandemic. But since the $349 billion stimulus package overseen by the Small Business…