Displaying items by tag: Small Business Administration
The U.S. Small Business Administration begins taking applications next week for the new round of forgivable Paycheck Protection Program loans to aid small businesses ailing from the COVID-19 pandemic.
Small businesses were clear benefactors when the federal Paycheck Protection Program was announced in March to help companies recover from the COVID-19 pandemic.
The sheer volume of small businesses that have sought federal relief loans illustrates the depth and scope of the economic pain brought on by the COVID-19 pandemic.
Business entities owned by West Michigan-based Native American tribes face a surprising roadblock in gaining access to programs used to grow minority-owned businesses. While tribally-owned businesses often receive the Small Business Administration’s 8(a) disadvantaged business certification, they have not found similar success when it comes to getting “minority business enterprise” (MBE) certification through the Michigan Minority Supplier Development Council (MMSDC).
Across West Michigan, Native American tribes have started to hang out their own shingle in enterprises that move them away from the familiar tribal-owned casino.