Midnight Oil Newsletter - 12/29/2021December 31, 2021
Join the U.S. Chamber of Commerce’s State of American Business event on January 11, 2022, for insights into the challenges, disruptions and opportunities accelerated by the pandemic and the start of a new economic era that American businesses like yours will help define. Register here.
Resources & Tips
The U.S. Small Business Administration recently released its guidelines for nominating individual persons and businesses for the 2022 National Small Business Week awards. The deadline for nominations is 3:00 p.m. ET on January 11, 2022 — which will come up quickly. See the categories and more info here.
When you know where to look for funding, securing capital for your business is an exciting opportunity, rather than a daunting task. We know this, and we want to help. Check this list of 45 grants, loans and programs to see which ones you qualify for that can help you secure the cash you need.
One lesson the COVID-19 pandemic has taught businesses is that necessity is the mother of invention. New types of businesses have emerged, and existing businesses have expanded to meet consumers’ evolving needs. If you’re ready to start a business this year, check out these business ideas that can be money makers both now and post-pandemic.
“We work hard to build a community that is inclusive, concerned about sustainability, and strives to make a positive impact. These core values are incredibly important as consumers want to align with brands in a whole new way. It's more than just lip service.”
— Conor Riley, CEO of beauty brand Luxie, gives insight to how being part of the solution helped them score space in a national retailer.
A MESSAGE FROM INTUIT
Find more sustainable choices to replace high carbon emission activities at your business with no extra hassle, time or cost with the Intuit Climate Action Marketplace. This new online destination provides resources for small businesses to help reduce carbon emissions, while also helping you save money and grow your business.
BUSINESS BY THE NUMBERS
That’s how many competitors you should research, at least, when determining your own pricing strategy. Read about this tip and others as well as seven common pricing strategies to consider when determining prices for your business.
That’s how much a donor can deduct on their tax return when donating to a NFPO (not-for-profit organization); however, that’s not the case when a donor makes a donation to a nonprofit organization. Learn more about this and other differences between not-for-profit and nonprofit organizations and how organizations can change from one entity to the other if necessary.
The number of weeks employees in most states can claim unemployment insurance (UI). Some states provide less, while others offer extended benefits. It’s important to operate within the legal boundaries, know which employees can claim UI and which ones cannot.
FROM OUR PARTNERS AT COMPASS
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WHAT WE'RE READING
CHAIN STORE AGE | DECEMBER 20, 2021
Customer reviews, photos and videos aren’t just for the Internet anymore.
RETAIL DIVE | DECEMBER 14, 2021
While several brands have experienced success through acquisitions, public listings or investments from larger retailers, others haven't been as fortunate.
GRANTS & AWARDS
- Galaxy Grant has reopened for applications with a deadline of December 31. Winners will receive a $3,750 Galaxy Grant to help minority and women entrepreneurs succeed. According to the rules on the company's website, there are ways to better your chances of winning, such as referring a friend.
- With a simple goal of supporting women entrepreneurs, the Amber Grant Foundation was founded by WomensNet in 1998. The foundation awards a $10,000 grant each month and an additional $25,000 grant each December to women entrepreneurs with a compelling story. The deadline to apply is December 31.
- Through this small business grant, local organizations can receive funding from Walmart and Sam’s Club facilities. Grants range from $250 to $5,000. The deadline to apply is December 31, 2021.
- In a new wave of applications, Comcast RISE aims to support small business owners with marketing and technology services makeovers. Eligible businesses should be at least 51% owned and operated by people of color, have been operating for at least one year and fit other criteria listed on the company's webpage. Applications close January 15, with another round for women-owned small businesses opening on January 16.
- To help businesses access quick capital they need, DoorDash launched a grant program in partnership with Hello Alice to provide businesses affected by natural disasters with $10,000. Applications are open now and close at the end of January 2022.
- More grant & program information can be found here.
CO- by U.S. Chamber of Commerce
1615 H Street, NW
WASHINGTON, DC 20062