Tag: different small business ideas

Small Business

PHA residents start businesses with help from HUD-funded fellowship program

byTaufan
Reshay Kennedy traces her love of baking to her childhood, when she made desserts in her Easy-Bake Oven and made treats with her grandmom. Having her own children pushed her to turn a hobby into a business during the pandemic. She became more aware of how much sugar and preservatives were in baked goods and wanted to offer alternatives. So in January 2021, Kennedy started Nuri’s Sweet Treats. She sells her desserts, including vegan and sugar-free options, at pop-up events and is working to get into farmers markets this summer. “By the end of this year, I will have my…
Small Business

Goldman Sachs Recruits Small Business Owners to Fight New Banking Regulations

byTaufan
Goldman Sachs has reportedly been recruiting small businesses to advocate for its own interests. According to a recent report from Reuters, the bank connected small business owners with members of Congress who may have influence surrounding financial regulations. The goal is to convince these lawmakers that a new proposal to raise capital requirements for big banks would ultimately harm small businesses. The proposal, which is known widely as Basel III Endgame, is a joint proposal by the Federal Reserve, Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency. The change would rewrite capital obligations for all…