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How Do Minority Owned Businesses Recover Without PPP Loans?

How Do Minority Owned Businesses Recover Without PPP Loans?
wunc.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wunc.org Daily Mail and Mail on Sunday newspapers.

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Advocate campaigns to reform the SBA

If Frank Knapp Jr. has his way, the Biden administration will budget more money for small businesses and give out more loans to entrepreneurs in underserved communities.
âThe SBA (Small Business Adminisrtation) is broken,â Knapp said when he visited the area as part of his nine-city, one-man tour, bringing his message to the attention of the public and media.
âWeâre at a 40-year low in new business startups,â he said. âEconomists tell us that all net-new jobs in the nation are created by businesses less than five years old and that they have four or fewer employees.â
Meanwhile, he cited the SBA Office of Advocacy which found the number of commercial banks declined from 14,400 to 4,600 since 1980, representing a 68% drop due to consolidations and failures. ....

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WUNC | Bringing the world home to you.

When is the last time you read the North Carolina constitution? It’s an exercise generally reserved for the . most passionate political followers. So, it may come as a surprise that our state still has a literacy test on the books. On The Politics Podcast, a law professor and state legislator explain why a literacy test even if not enforceable remains the law in North Carolina and what efforts are underway to remove it.
Listen • 22:05 ....

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WUNC | Bringing the world home to you.

Sex. As we get older, it seems like there’s a lot more to think about, and talk about, before actually.doin’ it. And it can be nerve-wracking, especially if we haven’t had a new partner – or any partner – in a very long time. For advice on sexual intimacy and aging, we turn to two experts. | Share your gray dating stories and questions with Laura at datingwhilegray@wunc.org.
Listen • 23:31 ....

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Black Businesses Continue To Innovate During COVID-19

Paul Sableman/Flickr
Originally published on December 15, 2020 10:40 am
When the first wave of federal COVID-19 provisions became available to businesses in April, Black business owners received a very small amount of relief funding. And the North Carolina Business Council estimates the number of Black businesses in the state has decreased by 41 percent since the beginning of the pandemic. There are several reasons for this, including the racial wage and generational wealth gaps, both of which contribute to Black businesses starting up with lower capital and struggling to sustain themselves without economic relationships with banks and other wealth-holding institutions.
Listen
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Host Anita Rao talks to Napoleon Wallace about NC’s Black business landscape, as well as entrepreneurs Dorian Bolden of Beyu Caffe, Justus McGee of Soul Fresh Spring Rolls, Jackie Morin of Wonderpuff Cotton Candy and Shine Carter of Shine Diamond Nails. ....

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