Heard on the Street: eyeing the next recession, the plight of small businesses in NYC, and San Fran’s new office of racial equity

By July 29, 2019 Heard on the Street

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

A Recession Is Coming (Eventually). Here’s Where You’ll See It First: Economists don’t know when the decade-long expansion, now the longest in American history, will end. But here are the indicators they will be watching to figure it out.

Cincinnati Chamber’s minority accelerator gets major Kauffman Foundation grant: The Cincinnati USA Regional Chamber’s Minority Business Accelerator has received a $450,000 grant from the Kansas City-based Ewing Marion Kauffman Foundation to expand its Cincinnati efforts but also help other cities across the country replicate its successes. Next Street will partner with the Accelerator to develop a playbook to show other regions how to replicate their results.

‘Plight’ of small businesses felt across New York City: New York City has many small businesses, but a business expert says city government often hasn’t a clue about their problems. The problem is that most city officials have never run a business and have no understanding of how it works.

San Francisco will now have an office dedicated to racial equity: San Francisco will try to tackle the city’s racial disparities through a new office focused on the issue. The Board of Supervisors voted unanimously Tuesday to create an Office of Racial Equity, which will help city agencies and lawmakers analyze how their decisions — such as hiring practices and policy proposals — affect communities of color.