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TechNode | February 11, 2020
Chinese tech behemoth Alibaba has unveiled a number of measures to support smaller sellers in its ecosystem as the economic impact from the novel coronavirus outbreak begins to set in, including offering service fees waivers or reductions and financial assistance. Why it matters: The coronavirus epidemic that has immobilized China is hitting the country’s already-slowing economy, the growth rate of which has inched down to a multi-decade low (in Chinese) in 2019. Business interruption, ris...
Providence Business News | March 24, 2020
Half of U.S. small business owners don’t have enough money to operate for more than three months in the current economic climate caused by COVID-19, according to a new survey published by Goldman Sachs. The survey of more than 1,500 participants in Goldman Sachs’ 10,000 Small Businesses program, a national small business training program with a local offering through the Community College of Rhode Island, highlighted the funding challenges faced by small businesses amid the global CO...
Mainvest | March 30, 2022
Mainvest partners with Meta and is listed on Meta's Small Business Resource as a source of funding. Mainvest is the investment platform connecting small businesses with local investors. Meta established its Small Business Funding section in 2021 to link SMBs to purpose-driven grant and loan possibilities, business resources, and small business networking groups. With the advent of Mainvest, SMBs may now explore alternate funding choices that support their community engagement and long-term g...
Business Wire | February 07, 2020
The CBIZ Small Business Employment Index (“SBEI”) showed companies hit the ground running with hiring in 2020, documenting a seasonally adjusted growth rate of 1.61% in January. This is the highest January reading since the metric’s inception in June 2009. The CBIZ SBEI tracks payroll and hiring trends for over 3,500 companies that have 300 or fewer employees, providing broad insight into small business trends. While January generally sees small businesses scale down their empl...
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