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WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $5.5 million for Hispanic Serving Institutions (HSIs) to establish research Centers of Excellence (COEs) to conduct housing and community development research. This funding opportunity will help strengthen capacity and invest in innovative and actionable research to address issues regarding housing, economic development, and the built environment for underserved communities. “Hispanic institutions of higher learning often serve as leaders within their communities, driving priorities and economic development,” said HUD Secretary Marcia L. Fudge , “At HUD, we are proud to partner with Hispanic Serving Institutions (HSIs) to continue to develop strong communities, build affordable housing, create job opportunities, revitalize neighborhoods, and promote homeownership. The funding availability we’ve announced today will strengthen efforts for these institutions to expand opportunities for underserved communities and promote equitable community development.” “HSIs across the country already serve as opportunity accelerators for students and anchors for their communities,” said Solomon Greene, Principal Deputy Assistant Secretary of HUD’s Office of Policy Development and Research . “These grants can help build their capacity to research and address some of the most pressing housing and community development issues in the communities surrounding […]

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It’s not easy for small businesses to compete with larger corporations, but one man in Lansing is paving his own path to success. LANSING, Mich. (WILX) – It’s not easy for small businesses to compete with larger corporations, but one man in Lansing is paving his own path to success and he’s doing it through social media. Aondray Worthy owns WalkWorthy , a store that sells custom menswear. You might come across his store at the Lansing Mall, but you might not know how Worthy put his brand on the map. It’s not just the stylish clothes he creates, Worthy wants to spread the message of confidence – and he does that through TikTok . His social media accounts allow him to reach people he never thought he could. “I was able to grow my TikTok following, I think we’re sitting somewhere at like, 27,000?” Worthy said. “WalkWorthy is more about whats on the inside and allowing whats on the inside to reflect on the outside.” But it’s not just about promoting himself or WalkWorthy. “I try to do it in terms of promoting a positive message. For instance, right behind us? That’s my son” Worthy said. “And I […]

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Florida’s Orange County ranked high among U.S. counties seeing a rise in new business applications. The county ranked No. 12 nationally with 51,354 new business applications in 2021, according to data pulled by Forbes Advisor . Data for the new business applications came from the U.S. Census Bureau, and Forbes highlighted data going back to 2006. Why this matters: New business formations often can highlight places with population growth, as well as locations where businesses are looking to cluster together. Orange County was ranked No. 3 in Florida, behind Miami-Dade County (135,710) and Broward County (84,045). Miami-Dade was the second-highest nationally, behind Los Angeles County in California (178,467), but ahead of Cook County in Illinois (118,325). Seminole County was the only other Central Florida county to rank in the top 100 nationally, at No. 96. Here’s how many new business applications each county had during 2021, as well as how they ranked in Florida: Orange: 51,354, No. 3 Osceola: 12,108, No. 10 Seminole: 11,400, No. 11 Brevard: 10,655, No. 12 Volusia: 10,492, No. 13 Lake: 7,377, No. 19 In total, there were more than 5.4 million business applications in the U.S. in 2021, up from 4.4 million in 2020. […]

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Tuck seeks to reach high-performing talent recently laid off. “We invite them to explore Tuck’s distinctly personal, connected, and transformative MBA experience,” says Executive Director of Admissions and Financial Aid Lawrence Mur’ray. by Tuck Communications Since August 1, there have been thousands of employees in highly skilled jobs who have unexpectedly received a pink slip. Technology has been the industry predominantly in the headlines regarding layoffs, but no sector has gone unaffected. In response to this rapid shift in the market, the Tuck School of Business at Dartmouth is announcing a special admissions initiative to meet the needs and potential of high-performing talent recently laid off. From now through March 1, 2023, those impacted will have the ability to request a GMAT/GRE test waiver when applying to Tuck’s full-time MBA program. There’s an influx of exceptionally talented individuals in the labor market right now who may have been considering business school someday down the road and the road just took an unexpected sharp turn on them, says Lawrence Mur’ray, executive director of Admissions and Financial Aid. We are talking about smart, accomplished, ambitious people who have been laid off, are trying to figure out next steps, and now have […]

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By YEC When starting your business, it’s important to get all legal matters in order as soon as possible. getty If you’re a new entrepreneur, an important task is ensuring that your business is compliant with all local, state and federal regulations. Some legal matters require immediate consideration, and you will want to address those issues as soon as possible. To help, Young Entrepreneur Council members share 10 essential tasks to handle right away when starting a business. When first starting your business, it’s important to get all the legal matters in order as soon as possible. In your experience, what’s one legal consideration new entrepreneurs should be sure to handle right away and why? 1. Set up a company mailing address It’s important to set up a company mailing address, especially if you are a remote business and don’t have a physical location. This address will be used in all of your email correspondence, legal documents, and more. You can set this up through a registered agent or through a company that handles mailboxes for businesses. Be aware you can’t use a P.O. Box to receive certain government forms and you may need a physical mailing address. —Nathalie […]

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Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Table of Contents Every small business owner gets to the point where they worry about the tax implications of their business, as well as having to handle accounting and other obligations. Trying to single-handedly juggle these tasks can lead to a lot of inefficiency and chaos. For this reason, many opt to hire a certified public accountant (CPA) who can handle these tasks on the behalf of your business. What Is a CPA? A CPA, or certified public accountant, is a highly skilled financial specialist who has been licensed to provide accounting services to the public. Licensure requirements include passing the rigorous Uniform CPA Exam, complying with additional state requirements and possessing a bachelor’s degree with a minimum of 150 credits alongside one to two-plus years of public accounting work experience. CPAs help business owners keep track of their finances including taxes and government filings, and also provide sound financial advice. CPA vs. Accountant vs. Bookkeeper [Compared] Bookkeeper Accountant CPA Specialist for Keeping and maintaining accounting records Analyzing financial records to get projections and budgets Financial advising, auditing […]

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(Adds shares, details from WSJ report, Goldman response, background) Jan 20 (Reuters) – The U.S. Federal Reserve is probing the consumer business of Goldman Sachs Group Inc to determine whether the bank had appropriate safeguards in place as it ramped up lending, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the investment bank were down nearly 3%. The central bank is concerned the Wall Street giant did not have proper monitoring and control systems inside Marcus, its consumer unit, as it grew larger, the report said. The probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of customer harm and whether they were properly resolved, the report added. "The Federal Reserve is our primary federal bank regulator and we do not comment on the accuracy or inaccuracy of matters relating to discussions with them," a Goldman spokesperson told Reuters. Bloomberg News reported in September that the bank’s Marcus unit was facing a Fed review. The probe would add to troubles for Goldman, which is executing a strategic pivot that includes refocusing on its core trading and […]

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A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid /File Photo Jan 20 (Reuters) – The U.S. Federal Reserve is probing the consumer business of Goldman Sachs Group Inc (GS.N) to determine whether the bank had appropriate safeguards in place as it ramped up lending, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the investment bank were down nearly 3%. The central bank is concerned the Wall Street giant did not have proper monitoring and control systems inside Marcus, its consumer unit, as it grew larger, the report said. The probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of customer harm and whether they were properly resolved, the report added. "The Federal Reserve is our primary federal bank regulator and we do not comment on the accuracy or inaccuracy of matters relating to discussions with them," a Goldman spokesperson told Reuters. Bloomberg News reported in September that the bank’s Marcus unit was facing a Fed review. The probe would add to troubles for […]

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The Digital FDI Initiative will help implement measures to create a ‘digital-friendly’ investment environment. The Big Picture Crowdsource Innovation The initiative will identify challenges and solutions to growing digital FDI: cross-border investment in the digital economy. Enabling digital FDI requires specific policies and measures vis-à-vis traditional FDI as digital firms operate different business models. This initiative opens the door for cooperation in other areas such as data policy, digital payments, digital skills and international agreements. Digital transformation is rapidly taking place, and we need the right governance frameworks to maximize its positive contribution and enable societies to prosper. The World Economic Forum and the Digital Cooperation Organization have launched a collaboration – the Digital FDI Initiative – to identify the biggest challenges to growing the digital economy by helping implement policies and measures that will create “digital-friendly” investment climates. Pakistan and Rwanda will be the first two countries to be supported by this new initiative to create an enabling environment for their digital future. More countries are in the pipeline to join the initiative and will be announced in the near future soon. With unemployment rates raised by COVID-19, the digital economy presents an opportunity to create innovative new […]

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By Jason Juliano Digital transformation is the integration of digital technologies into all areas of a business, fundamentally changing how it operates and delivers value to customers. It is a continuous improvement and innovation process that enables companies to stay competitive in an ever-changing digital landscape. Services related to digital transformation can include: Implementing new technologies such as cloud computing; Adopting new digital tools and platforms; and Redesigning and automating business processes to be more efficient and data-driven. Facts and Figures on Digital Transformation Outcomes There are several studies and research reports that have found that digital transformation can have a significant impact on small and medium-sized businesses. Some facts and figures that support this include: According to a survey conducted by Accenture, [1] companies that have fully embraced digital transformation and technologies have seen five times faster growth than their competitors; According to research by the United States Census Bureau, [2] businesses that have adopted e-commerce have seen an average increase in sales of 43%; and A study by Gartner [3] found that 89% of business leaders say digital is embedded in all business growth strategies. These are just a few examples of the many studies that have […]

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