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Cosmetics brand Juvia’s Place, started by Black entrepreneur with $2,000 in capital, announces six $50,000 grants to Black-owned businesses
Company says Black entrepreneurs are often vulnerable to “debt traps” when starting a business
Deadline to apply is Aug. 31
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The Paycheck Protection Program has expired, and banks have been more reluctant to approve loans to small businesses
Businesses have cut back on investments and expenses, but also worry about survival if economic conditions do not improve in the near future
Certain loan programs, including options through the Small Business Administration and Federal Reserve, provide continued avenues of support
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Llewellyn King, who helped shape President Richard Nixon’s energy policy, says utilities are ripe for innovative change in the wake of COVID-19
Prolonged power outages after Tropical Storm Isaias also highlight the need for improved resiliency
Improved communications, decentralized power generation, and more battery solutions among the potential changes
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Building employee camaraderie should go beyond a drink or two shared virtually once a week
Specialized apps allow team-building, icebreakers, trivia, and other activities to encourage co-workers to meet up remotely while social distancing
Efforts can help improve work-related collaboration and communication
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Advice from the Young Entrepreneur Council on how a company culture can incorporate more philanthropic efforts
Leveraging your businesses unique strengths to give back to your community
Donating, volunteering, and internship opportunities among the possibilities
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The Paycheck Protection Program gave out billions in loans to small businesses suffering from the effects of the COVID-19 pandemic, but other business loans are becoming scarcer
Less than one in four loans were approved in July, compared to pre-pandemic levels of around 50 percent
Banks are less willing to take on the risk of lending to businesses, while companies have also held off on investment plans
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Organizational behavior professors at Stanford University offer tips on the “hallmarks of great leadership” during crises
Advice follows extensive research on how leaders build on successful performances and how companies have handled difficult situations
Compassion, stepping up to difficult tasks, and looking for opportunity in crisis are among the best strategies
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SBA opens forgiveness portal for PPP this week, but applicants have been advised to bide their time as further guidance emerges
Partial forgiveness options available, and low interest rates can also be attractive to those who need to pay the loan back
Questions remain on issues such as tax deductions
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National Federation of Independent Business (NFIB) monthly survey finds small business owners tempering expectations as effects of COVID-19 continue
About half of survey respondents report capital outlays, and owners continue to express interest in hiring
Business owners less likely to expect conditions to improve in the next six months
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Social distancing, an uncertain economy, and other factors have all been detrimental to the mental health of many employees
Eight ways managers can help reduce stress and anxiety among their workers
Regular communications, flexible work schedules, and other tips for a healthier workplace
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