Wednesday, May 12, 2021

Gov. Abbott proclaims Small Business Week in Texas | News | corsicanadailysun.com

Gov. Greg Abbott invited all Texans to celebrate the unique role small businesses play in the economic resurgence in communities throughout the state of Texas as he issued a proclamation officially designating May 9 through 15 as Small Business Week in Texas.

"An amazing 99.8% of businesses in the Lone Star State are small businesses. They are the heart of every Texas community, and their continuing resilience drives local job creation and fuels our mighty economy," Abbott said.

Publisher: Corsicana Daily Sun
Author: From Staff Reports
Twitter: @TheDailySun
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Business forecast points to continued economic improvement in 2021 - Turlock

Though the official report won't be out for a couple more weeks, Dr. Gökçe Soydemir recently presented 2021-2023 San Joaquin Valley Business Forecast's mid-year update to the Turlock Chamber of Commerce, painting an optimistic picture of recovery for the region as COVID restrictions continue to lift.

In June 2020, Stanislaus State's first of two forecasts authored by Foster Farms Endowed Professor of Business Economics Gökçe Soydemir correctly predicted that economic recovery would begin during the second half of 2020 — so long as everyone adhered to COVID-19 precautions and protocols.

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Black Women Are More Likely to Start a Business than White Men

Despite starting businesses at a high rate, 3% of Black women are running mature businesses. In contrast, white women are more than twice as likely to be mature business owners (7%), despite starting at lower rates. This disparity between high startup and low established business activity among Black women suggests potential issues with sustaining a business.

In the United States, an astounding 17% of Black women are in the process of starting or running new businesses. That's compared to just 10% of white women, and 15% of white men.

Publisher: Harvard Business Review
Date: 2021-05-11T12:15:15Z
Twitter: @harvardbiz
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Ralph Smith adds rental business to his Mine Oyster Restaurant | Boothbay Register

Ralph Smith has cooked up another business venture to join his Mine Oyster and Boat House Bistro restaurants. Smith bought Hawke Rentals from Leila Hawke, who sold the business before moving to Florida. Before COVID-19 times, Smith catered nearly 50 events per year and used Hawke Rentals to supply tables, chairs and tents. Smith's catering business benefited greatly from a local, inexpensive service.

So when Hawke decided to sell, Smith was the first call she made. "It was always a good option for us. They had all the things we needed at a good price," Smith said. Mine Oyster can cater an event as small as 25 to 250 or larger events with 300 guests, or corporate events with 500 guests. Before Hawke Rentals, Smith's options were limited to more expensive out-of-town rentals. Adding the rental business to his catering enterprise provides another service for customers at an inexpensive cost.

Publisher: Boothbay Register
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Where Is The Bottleneck Between Business And IT Aligning?

Stuart McGuigan, the former CIO of the U.S. Department of State and, earlier, the CIO of Johnson & Johnson, says innovation-driven companies (like pharmaceuticals) usually "either furiously spend money to support the launch of new products or later go back and then cut costs. To do both at the same time requires an operational mindset and an incredibly focused use of technology."

He commented that organizations can do a lot of things in agile that make IT more efficient. But there are certain critical things every organization must do that are essential to generating the right business outcomes. He shared that while he was CIO at the U.S. Department of State during the initial COVID-19 crisis, the IT group was under tremendous pressure to support remote work, something they had never done at scale before.  

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Publisher: Forbes
Date: 2021-05-12
Author: Peter Bendor Samuel
Twitter: @forbes
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Chicago business leaders push for return to downtown offices - ABC7 Chicago

Chicago's Loop and downtown business district have been drained during the COVID pandemic, with office workers relocating to home and tourism dwindling. What does the future hold?

Publisher: ABC7 Chicago
Date: 2021-05-11T14:58:00Z
Twitter: @abc7chicago
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How Advisors Helped Small Business Owners Survive and Thrive Amid Covid | Barron's

Even in the best of times, advisors who work with small business owners know that they often have a particular set of needs and concerns that aren't shared by other high-net-worth clients. Roiled by the pandemic, this past year has presented extraordinary challenges.

Date: 2021-05-11T11:23:00.000Z
Author: Kenneth Corbin
Twitter: @BarronsOnline
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How Vaccine Opponents Use Misinformation To Sell Products : Shots - Health News : NPR

Anti-vaccine advocates are using the COVID-19 pandemic to promote books, supplementals and services. Emilija Manevska/Getty Images hide caption

"My parents didn't know about natural medicine, so it really wasn't until I was 17 that I learned some basic principles of nutrition and self care," he told attendees at a recent virtual conference. "I was liberated from needing pharmaceutical medicines."

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Publisher: NPR.org
Date: 2021-05-12
Twitter: @NPR
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Comerica's Women's Business Awards 2021 | Los Angeles Lakers

The Comerica Bank Women's Business Awards Program recognizes women in leadership in Southern California, in tribute to their contributions. Please see below for this month's honorees.

The Comerica Bank Woman of Business is Linda Deitch, Senior Partner at the Loeb&Loeb firm in Los Angeles. Linda is a trailblazer for women in law. She has been recognized several times for her success, including "Women of Influence" by Best Lawyers and named "Best Lawyer" in Trusts and Estates Law.

Publisher: Los Angeles Lakers
Date: 1620813832
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