Heard on the Street: Grants for NYC small businesses, investing in your people, and more!

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

SBS to give away $1.8M in grants to small businesses: Local, non-franchise businesses in New York City can apply for a share of the $1.8 million NYC Love Your Local grant, which comes with advice and guidance from relevant industry specialists experts.

Some Small Business Owners Find People Are The Best Investment: Many small businesses choose to invest in technology, equipment, or marketing, but often it is better to invest in people – whether that means bringing on new employees, better supporting existing employees, or hiring consultants to help with specific issues.

Best Practices in Impact Management Begin to Take Hold: “One of the defining trends in impact investing in the past year has been the mushrooming interest in impact management, the essential practice of integrating impact at each stage of the investment process. Impact investors are figuring out how to integrate impact throughout their investment process in ways that are efficient, effective, and authentic.”

How McKinsey Lost Its Way in South Africa: “When the godfather of management consulting landed its biggest contract ever in Africa, it made the worst mistake in its storied nine-decade history.”