Happy #BHM! We are excited to partner with #GrowWithGoogle to host the 3rd annual Black-Owned Business Summit on 2/23. Register to learn tips and best practices to grow your business from @Google #DigitalCoaches & inspiring entrepreneurs → g.co/grow/BlackOwnedSummit
What’s Happening on The Hill
Provided by Our Partners at Prism Group
ECONOMIC PROJECTIONS EXPECTED TOMORROW (CPI AND DEBT UPDATE)…Two critical economic projections are gearing up for public release tomorrow (Tuesday, February 14) including an update on the Consumer Price Index (CPI) for January 2023 and official projections from the Congressional Budget Office (CBO) on the impact of the debt limit. The CBO projections on the debt limit will guide lawmakers in their approach to mitigate its impacts; the score will include a 10-year budget outlook and a “doomsday” date for when the United States will default on its debt.
DISCUSSIONS OVER THE NEXT SECRETARY OF LABOR COMMENCE…As we reported last week, Secretary Marty Walsh, head of the U.S. Department of Labor is rumored to step down from his post. It is likely that Julie Su, the current Deputy Secretary of the Department is poised to take over (pending Congress’ nomination). Su has the backing of key groups on the Hill, including the Congressional Asian-Pacific American Caucus. However, Senator Sanders (I-VT), head of the Senate Committee of Health, Education, Labor, and Pensions, calls for longtime union activist Sara Nelson to take the helm. Read more here.
SBA HOSTS REGULATORY ROUNDTABLE TO DISCUSS FINANCIAL SERVICES RULES…The Small Business Administration (SBA) Office of Advocacy hosted a virtual roundtable to discuss the Consumer Financial Protection Bureau’s (CFPB) and the Financial Crimes Enforcement Network’s (FinCEN) Proposed Rules in financial services. FinCEN’s rule establishes new guidelines for beneficial ownership disclosures. The CFPB proposed three rules that would
require non-bank covered entities subject to final public orders from any government agency to submit them to a registry, and;
require non-bank entities subject to a supervisory authority to register in a non-bank registration system about their terms and conditions contracts that pose risks to consumers.
Banks were heavily represented at the roundtable. View the Prism Group readout here.
Advocacy in Action
USBC President Speaks on Panel about “Leveling the Playing Field” at NFL Super Bowl Weekend
Ron Busby Sr. speaking in Phoenix this past Friday at the NFL’s Leveling The Playing Field Panel Discussion during Super Bowl Weekend. He was joined by Clint Grimes, SVP/Chief Procurement Officer at Capital One; Ashley Bell, Co-Founder & General Counsel at Black Bank Fund; and Arielle Vavasseur, Founder Inside Projects, discussing supplier diversity, equity, and intentionality for Black and minority-owned businesses.
Ron Busby Sr. Receives Lifetime Achievement Award Recognized by Black Wall Street DMV
Held on February 3, 2022 at the Omni Shoreham Hotel in Washington, D.C., BMore News and Black Wall Street hosted an award ceremony to celebrate Black entrepreneurs and professionals that are positively impacting our community. Sponsored by METAQUAKE USA, other honorees included Dr. Tyrone Taborn, Jean Hamilton, Ricky Smith, Dr. Sarah Williams, and Meshelle Howard.
Surviving and Thriving Through Economic Uncertainty
USBC President speaking in Atlanta at the Invest Atlanta event at the Gathering Spot, Surviving & Thriving Through Economic Uncertainty.
Upcoming Webinars & Opportunities
Did you know?
Ninety percent of American businesses are small-and medium-size. They are the true engines of our economy, employing millions of workers. With many of them looking for new ways to expand their services, generate income and grow their businesses, Cummins home standby and portable generators could be a new source of revenue.
In an effort to support the growth and development of Black entrepreneurs, Black businesses, and the Black business ecosystem, the GDBCC hosts a monthly networking event, Connect. Connect occurs every 3rd Thursday from 5pm – 6pm to allow GDBCC members to connect with each other and the broader community. d small business in federal contracting.
On behalf of the U.S. Department of Transportation (USDOT), Office of Small and Disadvantaged Business Utilization (OSDBU), we would like to invite you to participate in our Connections MarketPlace on February, 23 at 1:00pm EDT. In honor of Black History Month, during this Meet the Mentors session you will be hearing from both the U.S. Black Chambers Inc. (USBC) and MBDA Business Center – El Paso on how to strategically leverage your black and/or minority owned small business in federal contracting.
Join AARP & The New Majority for the first of a two-part webinar that will introduce and help diverse founders understand how equity crowdfunding can help grow your business. It will explain what equity crowdfunding is, the impact it can have on your business and the right questions to ask prospective funders. We will explore the right types of companies it’s best suited for and the various platforms useful to launch a fundraising campaign. During this webinar, you’ll learn the following: what is equity crowdfunding and the potential impact on your business, what types of businesses equity crowdfunding is best suited, and questions to ask before engaging in equity crowdfunding campaigns.
