Serving Metropolitan Detroit Since 1944
Serving Metropolitan Detroit Since 1944
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(StatePoint) As every small business owner soon learns, growing sources of revenue and cash flow are key to survival, particularly during a venture's first few years. While this is easier said than done, small businesses can focus on attracting new customers, building partnerships and scaling up sustainably to improve cash flow. To get you started, Wells Fargo is sharing actionable tips for entrepreneurs, along with information about how to leverage helpful resources: 1. Create an action plan: D...
(StatePoint) The strength of the country relies on its estimated 33.2 million small businesses, which comprise 99.9 percent of all American businesses. COVID threatened, and in some cases forced, the closure of many small enterprises and tens of thousands are still reeling from the aftermath of the full pandemic. In an effort to offer some relief, the federal government created the Employee Retention Credit (ERC) Program under the IRS that has already helped thousands of qualifying businesses...
Recent Census numbers show that the Biden-Harris administration set a new high for the number of new small businesses created. The U.S. SBA administrator, Isabella Guzman, stated that the rate of new business applications in 2022 was slightly lower than in 2021, but still showed excellent growth under President Joe Biden and Vice President Kamala Harris. According to Guzman, "Small business applications hit a high of 10.5 million since the start of this administration, the largest in any two yea...
There is always so much hype during this time of year as people prepare for Christmas Day. I do not get into the big commercialization of Christmas Day celebration. Christmas Day is to celebrate the birth of Jesus, so we should be giving him gifts…But that’s another column. I believe Black Friday (shopping and spending lots of money) should be every day, but it should start in our own communities. There are businesses within all of our communities that are just waiting for your business. They pa...
Downriver is in the process of upgrading its infrastructure. Small business are emerging every month. Each one serves the community in its own unique purpose. Yoshi Hibachi is bringing the experience of a Japanese steakhouse to South West Detroit. This is the first time a restaurant like this has been opened in the neighborhood. Yoshi Hibachi specializes in carry out orders, so customers can make it back home to their safe spaces with their hot food. All of your favorite hibachi items are...
(StatePoint) Even as they ride out inflationary pressures, supply chain disruptions and economic uncertainty, women owners and executives of small and mid-size majority-women-owned businesses have an optimistic outlook about the near-term future of their businesses, according to a recent survey. The PNC Bank survey found that women business owner (WBO) expectations for their own companies remain strong, with 41% feeling highly optimistic -- up from 29% in the fall of 2020 but down from 67% in...
(StatePoint) The financial disparities between male and female entrepreneurs are far-reaching. Women-led businesses receive lower valuations, less capital and fewer conventional small business loans than those led by men. Women entrepreneurs also pay themselves less than men and often take the brunt of balancing their family's needs while growing their business. In spite of these challenges, women-led businesses of all types are thriving across the United States, thanks in part to initiatives of...
Every year, Black Business Month is celebrated and recognized across the country in the month of August. Thanks to two gentlemen, it is now considered to be nationally recognized. It all started in 2004, when the collaboration between Historian John William Templeton and Engineer Frederick E. Jordan Sr., saw the need to empower black business owners. The overall goal of the two gentlemen was to leverage to the rest of America that black businesses had economic power. They wanted to "drive the...
(StatePoint) Small businesses are the heartbeat of communities. They pump life into neighborhoods, making them vibrant places to live, work and raise families, and are key to millions of local jobs. In fact, approximately 50% of all Americans are employed by a small business and 99% of American businesses are small businesses, according to the U.S. Small Business Administration. "Small business is big business," said Wells Fargo's head of Small Business Derek Ellington. "As a bank that proudly...
Drivers can earn $1,000 per quarter if they meet minimum job attendance milestones Proposal to be considered this week by City Council for approval Bus driver incentives also was strongly supported in recent community engagement meetings DETROIT – All Department of Transportation bus drivers would be eligible to earn up to $4,000 per year in bonuses if they meet minimum attendance requirements under a proposal announced today by Mayor Mike Duggan, DDOT leadership and the head of the bus d...
Metro Detroit talent development and employment successes were among those celebrated by state leaders at the Michigan Works! Association Impact Awards. Lansing, Mich. – Local lawmakers and statewide talent development officials gathered virtually, and in-person, to recognize Canton resident Taylor Box, Dearborn Heights' The Armored Group, as well as SEMCA Michigan Works! for offering on-the-job training opportunities for in-demand jobs and helping to develop a talent pipeline. A Strong P...
(StatePoint) Women represent the majority of all entrepreneurs today. In 2020 alone, women started 2,000 small businesses nationwide and of those, 64% were founded by women from diverse backgrounds, according to Funderal statistics. While this trend is encouraging, a recent study conducted by the Nasdaq Entrepreneurial Center, Penn State University and Fair Pay Workplace shows that pay, ownership and valuation disparities are compounding the already large gender wealth gap. Barriers to...
(StatePoint) Given how much has changed about the way people do business over the last few years, experts say it may be time for entrepreneurs to rethink how they store and protect company data, and collaborate with their teams. According to Brian Mallari, a marketing director in Western Digital's hard drive business unit, a shared storage or network attached storage (NAS) solution can help, and here's why: • Cost: As every owner of a small- or mid-sized business (SMB) knows, cutting costs w...
It is the first African American owned and operated bakery in the Downriver Area and the community welcomes its return. Like many other businesses affected by COVID19, the beloved bakery had to pause and pivot. During the closure, the temporary void was felt deeply. The holiday dessert tables, grabbing sweets to share with coworkers on the way to work or just satisfying a sweet tooth just wasn't the same for a while. But now we can exhale and enjoy the beloved treats from Peoples Bakery once...
A diverse, knowledgeable, resourceful, and social human being lives among us. Willie Brake, legend in the making, having uniquely made technology affordable, while reducing electronic waste at the same time. He is the owner of All About Technology, a computer store in Detroit. The Telegram Newspaper is focusing on businesses that support and advertise other Black businesses for Black History Month. Where to start, where to begin highlighting living advocate and businessman, Willie Brake, owner...
ROMULUS – The Greater Romulus Chamber of Commerce (GRCC) is holding a new event they're calling the "Black-Owned Business and Vendor Showcase" on February 26, 2022. The Showcase is free to attend and open to the public. It will be held at the City Event Centre located at 37451 Ecorse Road in Romulus. The City Event Centre is a member of the Romulus Chamber and owned by Rasaq Gbadamosi, a native of Nigeria. The event is sponsored by the Telegram Newspaper who is also a member of the Chamber. T...
When President Joe Biden directed federal agencies to increase contracting spending with small, disadvantaged businesses by 50 percent over the next five years, Bibi Hidalgo, the associate administrator of Small Business Administration's Office of Government Contracting and Business Development, pledged that her office would take steps to ensure that agencies make the President's contracting goals a reality. In an interview with National Newspaper Publishers Association (NNPA) President & CEO...
Sorting through the tasks involving the end of a life has been his life's calling for Gregory McClary, owner and manager of Chapel of the Chimes Funeral Home in Westland. At the age of nine, McClary recalls his decision to one day become an undertaker, the term used at that time, while he and his mother tended to his great-grandmother's funeral. A year later at the age of 10, McClary's mother engaged him in an afterschool job at a local funeral home in South Carolina, where he was raised. He...
(StatePoint) Given how much has changed about the way people do business over the last few years, experts say it may be time for entrepreneurs to rethink how they store and protect company data, and collaborate with their teams. According to Brian Mallari, a marketing director in Western Digital's hard drive business unit, a shared storage or network attached storage (NAS) solution can help, and here's why: • Cost: As every owner of a small- or mid-sized business (SMB) knows, cutting costs w...
Most of us encounter one each and every day without giving it much thought: a man with a beard. In fact, it is estimated that about 55 percent of men around the world have some type of facial hair. One Livonia businessman has spent the last 30 years focusing on his own facial hair and later creating grooming products to enhance the health and appearance of his beard. Donald Williams says that when he graduated high school, he sported a beard but there were not any type of grooming product for...
This year's Summit attracted over 400 automotive executives, entrepreneurs, suppliers, dealers, manufacturers, consumers, government, and elected officials to the Motor City Casino Hotel and Convention Center. This year's theme, Expanding the Minority Opportunities During Electrification, addressed the potential disparity gaps in the Electric Vehicle supply chain for African American and other minority suppliers, dealers and professionals. The purpose of the Summit is to facilitate a poignant...
Sometimes, the statement, 'listen to your grandmother' is all you need to get the ball rolling. That is how Birlon Harvest got it's start. Gina Allen loved her grandmother, Ola Ree Williams, better known as Mudear, and trusted her opinion. When Gina wanted some advice as to what product she could sell to help support her program and the people in her community of Inkster she turned to her grandmother. Her grandmother said, 'Well baby everyone likes coffee.' The seed was planted and then the...
The Southern Wayne County Regional Chamber (SWCRC) serves the western Wayne County and Downriver business communities by supporting local businesses, providing resources, and promoting engagement with a variety of sectors in the state of Michigan. SWCRC's vision is to be a unifying body for the Downriver business community by bringing people and organizations together to enhance the region and boasts a membership of more than 500 businesses which employ more than 20,000 workers in 21 Downriver...
Friendship-West Baptist Church in Dallas is challenging everyone to use Black-owned businesses for their service and product needs for 100 days nationwide. Led by senior pastor and social justice activist, Rev. Dr. Frederick D. Haynes III, the goal of this challenge is to continue the legacy of Black Wall Street by circulating dollars within the Black community to strengthen its economic base. 100 Days of Buying Black will start on September 23, 2021 and will end on December 31, 2021. As...
The NBA Foundation today announced 22 new grants totaling $6 million to help create employment opportunities, further career advancement and drive greater economic empowerment for Black youth. The grant recipients were named as part of the NBA Foundation's third grant round on the one-year anniversary of its incorporation on Aug. 6, 2020. In its first year, the NBA Foundation has awarded 40 grants, inclusive of those announced today, totaling $11 million to nonprofit organizations. The grants he...
