access to capital

“Revitalizing America’s Cities”—Watch Video from The Hil

July 15, 2021 Today, The Hill hosted a special virtual event, “Revitalizing America’s Cities” that featured Mayors from across the country discussing what their cities are or will be doing to promote the success of microbusinesses to make their cities more resilient. The Hill is a Washington, DC-based media company…

Opinion: Business Campaign for Better Access to Capital for Black Entrepreneurs

Jacksonville Free Press April 21, 2021 By Frank Knapp Jr. and Derek Peebles In September of 2019, long before anyone had ever heard of the coronavirus, The Republican Party’s only Black U.S. Senator, Tim Scott (R-SC) announced that he had introduced the Enhancing Entrepreneurship for the 21st Century Act along with…

Minority Entrepreneurs Struggled to Get Small-Business Relief Loans

The New York Times April 4, 2021 A year after the Paycheck Protection Program started, studies show how its design hurt Black- and other minority-owned businesses. Shaundell Newsome of Small Business for America’s Future said changes were needed throughout the banking industry to improve outcomes for Black owners. By Stacy Cowley…

Number of banks shrink by 68%, small business loans suffer

PRESS RELEASE Contact: Frank Knapp Jr. 803-600-6874 fknapp@scsbc.org Policy recommendation: More of the same Columbia, SC, March 23, 2021—The number of commercial banks has decreased 68% since 1980.  Only 4,600 banks exist today because “many smaller sized banks have disappeared during this period, via mergers or failures” according to a…

THE POWER OF CAPITAL: HOW TO FUEL THE GROWTH OF YOUR BUSINESS

THURS. 1/14/21, 4P.M. EST Chase for Business and Advancing Black Pathways have come together to offer Advancing Black Entrepreneurs — a collection of practical resources tailored to help Black business owners grow and scale their business. In partnership with Black Enterprise, the National Urban League, the U.S. Black Chambers and…