Obama’s secretaries cite improved climate for blacks
President Barack Obama’s economic heavy hitters spoke at the White House last week about how the economy during the current administration has impacted African Americans, namely by lowering the unemployment rate, raising tax credits and improving city infrastructure.
Fab Lab comes to Dudley Square Roxbury Innovation Center
Fab Lab, a key component of the Roxbury Innovation Center, opened this week. It is a digital fabrication workshop containing tools such as a laser cutter and 3D printer that help entrepreneurs put concepts to work to see if a vision for a product can be realized.
SBA officer looks to expand lending to local small businesses
Boone is the SBA Massachusetts District Office Lead Lending Specialist. She joined the office in June 2015, coming up from the D.C. offices and a lifetime spent in Virginia. One of her main jobs is to work with local banks to make sure they continue to provide the money for the loans that fuel the SBAs many loan programs, which often are the main chance for local small businesses to get the capital they need to survive, grow or succeed.
Firm uses weightlifting to build employment skills
Many students graduate from business school hoping to start their own companies, with dreams of flowing revenue and impressive bottom lines. Jon Feinman, founder of Dorchester’s InnerCity Weightlifting, is a bit different. With his business he measures success in the number of people it is providing careers to or keeping them off the street and out of jail.
State, local officials seek opportunities for local businesses
Gov. Charlie Baker and Boston Mayor Marty Walsh have each worked to pump up the small business climate in Boston and Massachusetts, in an effort to add jobs to strengthen the local economy. Last week, the pair came together to detail plans to boost the state’s burgeoning digital health-care sector in a move that could have a large ripple effect on the local startup community and small businesses connected to health.
Technological innovations seen driving small business growth
As small businesses hit the ground running in 2016, optimism seems to be high overall, which has many planning for growth and expansion in the New Year. However, there are a number of key trends that will dictate small business success over the next 12 months ranging from increased online lending to better use of technology to the impact of interest rate hikes.
This past year was a great year for small businesses. Not only did small biz entrepreneurs throughout the country continue to lead the longest streak of job growth on record, but their optimism for the economic future is becoming the final nail in the coffin burying the 2008 financial crisis and recession.
New state program gives small businesses a leg up on government contracts
With the Diversity Goal Support Program, Mass Growth Capital is addressing the reality that it takes money to make money. While this may be an old business cliché, it holds true when small businesses are vying for lucrative state and federal contracts.
Entrepreneur Yooree Losordo sets up shop
Yooree Losordo, owner and operator of Dorchester-based On the Dot Books, is using some innovative ways to be successful in a traditional industry with her independent bookstore business. At the same time, she is also hoping to be part of what she sees as a growing revival of the local-owned, independent bookstore.
Josette Guerrier’s Paradise Hair Salon has been a stalwart in Mattapan Square for over 25 years. For most of that time, Guerrier was the force that kept the business going, but in the last several years her daughter Sandra Guerrier-Clark has taken the reins. That, combined with a recent move to a larger location, is helping to ensure that the salon continues to be a local staple for many more years to come.