Heard on the Street: seeding local start-ups, supporting minority-owned businesses, and big banks getting into main-street banking

By February 10, 2020 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Helping Towns by Seeding Their Own Backyard With Start-Ups: Small-business owners without connections still struggle to raise capital, said Tim Ferguson. “There’s a whole ecosystem of support that exists in tech, biotech, life sciences that doesn’t exist for small businesses in underserved communities,” he said. And if there are no friends and families to help, getting started can be difficult.

3 Ways to Support Minority-Owned Businesses: From #BuyBlack and #BankBlack to supplier diversity initiatives, here’s how you can get involved and support minority-owned businesses, from NYC SBS Commissioner Gregg Bishop.

Goldman Sachs is in talks with Amazon to provide loans to small business, continuing its push into main-street banking: Goldman Sachs is enlisting a new partner for its push into Main Street banking: Amazon. Goldman and the e-commerce giant are in talks to extend loans to small and medium-sized businesses over Amazon’s lending platform.

The Problem With Research on Racial Bias and Police Shootings: Despite new research on police brutality, we still have no idea whether violence toward African Americans is fueled by racial prejudice. That has consequences.