Heard on the Street – here’s what we were reading last week:
Cook County Receives $1.25 Million to Support Small Businesses: Cook County received funding from DCEO and We Rise Together to support the Cook County Small Business Assistance Program, for which Next Street is the Program Administrator.
Bounceback: Small Businesses Are Nearing Pre-Pandemic Sales Levels: Although small businesses in general continue to climb back to their pre-pandemic level of sales, a recent national survey found the smallest firms are still hurting.
Report offers ways to address inequities among Philly’s minority-owned small businesses: In a report compiled by Next Street and partners, solutions fall into four key areas: access to capital, market opportunities, trusted services and ecosystem infrastructure.
P.P.P. loan forgiveness portal opens, but big banks opt out.: To speed forgiveness of Paycheck Protection Program loans, the government on Wednesday opened an online portal through which small businesses that borrowed up to $150,000 can apply to have their loans eliminated.