The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy. Business Employment Dynamics statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. In the first quarter of 2019 (According to the Department of Labor and Statistics), firms with 1-49 employees had a net […]
Opportunity zones (OZs) are a hot news topic right now: Part of the new tax law, they’re intended to draw $6.1 trillion in unrealized capital gains into furthering economic development in 8,700 designated low-income areas around the country via investment in real estate and business. But they’re also drawing controversy, specifically the critique that they will benefit the rich through an unprecedented tax break, while investment goes to real estate development that would have happened […]
In part one, we looked at Joel and Jeremy’s story, and just like Joel and Jeremy’s unique journeys to becoming businessmen, so is Autumn Oliver’s journey to evolving entrepreneur beginning at the young age of seven. Autumn is a second-generation businesswoman. Her mother initially opened up a bakery called “Baby Cakes.” When Autumn took the reigns of the family business, she renamed it “The Boujie Bakery.” I spoke with Autumn and asked her to share […]
What makes up your business credit score? What gives you the best chances of getting a loan? Here are a few factors that play into your business credit picture, and what you can do to make the most of them: Payment History – Your payment history is an important part of your business credit profile, and is what your D&B Paydex score is based on. Many credit opportunities come with a minimum Paydex requirement. What […]
No doubt that millennials are financially cautious which is a fact that could be making it much harder for this generation to get low-cost loans or credit cards. Unlike other older generations, many millennials are reluctant to take on new debt even as their finances improve, according to research from VantageScore that was provided exclusively to USA TODAY. The problem is lenders still consider these conservative borrowers with fewer credit accounts as riskier. As a […]
