A strong business credit report is important to running a successful business. Traditional and even some non-traditional lenders use business credit reporting agencies such as FICO Small Business Scoring Service to determine a firm’s creditworthiness when evaluating an application for a loan. Yet because many woman and minority-owned businesses have limited access to credit, they […]
MWBEs
The Top Three States for Female Entrepreneurs in 2019
Each year, Fit Small Business names the top U.S. states for female entrepreneurs, using criteria such as how business-friendly the states are and the number of female-owned start-ups already operating there. Historically, coastal states like California and New York have dominated the list. But with so many start-ups gravitating towards the coast, middle America and […]
MBDA Announces National Award Winners in Advance of MED Week
The Minority Business Development Agency (MBDA) just announced the winners of its prestigious Minority Enterprise Awards. The awardees will be formally recognized at a ceremony held at the Washington D.C. Intercontinental Hotel on Monday, Sept. 9, 2019. The awards ceremony will be the kick-off event for Minority Enterprise Week, which runs from September 8 through […]
New SBIR Funding Opportunities from the DOD
The Department of Defense has announced new funding opportunities through its Small Business Innovation Research (SBIR) program. The funds will be made available to selected small businesses based on proposals submitted between Sept. 24, 2019, and Oct. 23, 2019. The Army, Air Force, Defense Health Agency, and the Missle Defense Agency are all participating. A […]
Why You Need a Business Checking Account
If you’re a minority entrepreneur just starting out in business, there are many things you need to do. Choosing a business name and legal structure, creating your business plan, developing a marketing strategy, and setting up accounting and record-keeping systems are just a few priorities that should be on your list. You’ll also need a […]
The MBDA Business Center of LA Offers Help to MBEs
The State of California boasts the country’s largest economy, with a state GDP of over $3 trillion in 2018. And within the state, the largest economy by far is Los Angeles County, which had a population of over 10 million and a gross economic output of over $700 billion in 2018. Not surprisingly, the area […]
Is Buying a Business Right For You?
If you’re a would-be entrepreneur, the idea of owning your own business is certainly an attractive one. Perhaps you have dreams of being the next Daymond John, who turned a $40 budget into a multi-billion dollar fashion brand. Or maybe you just want to be your own boss and make a living doing what you […]
Register Now for the Annual NAWBO Business Conference
The National Association of Women Business Owners (NAWBO) is holding its annual Women’s Business Conference this fall. The meeting is open to members and non-members and will feature exciting keynote speakers, networking activities, breakout sessions, and exhibitors from across the United States. The conference will open at 6:30 a.m. Sunday, October 13 with Total Body […]
GOP Points to Flaws in New York’s MWBE Law
Earlier this month, Gov. Andrew Cuomo signed into law an expansion of New York State’s MWBE program, a move that won praise from both sides of the political aisle. But despite widespread approval, some legislators are complaining that the law has some significant flaws, and implementation is far from ideal. One such critic is GOP Assemblyman […]
MEDA Million Dollar Challenge Announces 22 Semi- Finalists
The Metropolitan Economic Development Association (MEDA) just announced the 22 semi-finalists for its 2019 Million Dollar Challenge, which will be held on July 31, 2019. The 22 start-ups will be competing for a share of $1 million in financing, which will be split between four finalists. The winners will be announced at an awards ceremony following […]