Heard on the Street – here’s what we were reading last week:
Small business loan approvals by big and small banks reach record high in June 2019: The Biz2Credit Small Business Lending Index was released this week, revealing that the approval rates for small business loan applications incrementally increased again in the month of June. Reaching 27.6% at big banks ($10 billion+ in assets) and 50% at small banks for the first time in 2019, the figure represents a record high point.
When ‘Big Plans’ Could Change the World: A new exhibition recounts the story of large-scale civic improvement plans in New York, Boston, and Chicago, and the dual births of the professions of urban planning and landscape architecture that emerged from these early successes.
Can Employee Ownership Preserve Legacy Businesses in Communities of Color?: Next City looks at year one of the SEED Fellowship, which educates small-business owners on how to craft succession plans and convert to employee ownership.
These are the best places to launch a small business in America: CNBC’s 2019 America’s Top States for Business study reveals the places that foster an entrepreneurial ecosystem have a good regulatory environment, low taxes and access to capital, making them the ideal spot to launch a small business.