Welcome to The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Now hiring Hello, hello! I’m feeling good this week because I finally kicked off something that has been in the works for a little while: tracking fintech companies that are hiring . It’s not fun covering layoffs, and unfortunately we’ve had too many of those. So I thought by also shining a spotlight on fintechs that are hiring rather than firing, our coverage would be a bit more balanced and give laid-off workers (and anyone else generally looking!) a way […]

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GLYN KIRK/AFP via Getty Images AFP via Getty Images Tech opportunities in areas like 5-G, cloud computing, healthcare, and finance took up the last posting . This one examines opportunities in meeting two huge issues facing the world’s economies: the growing number of older retirees in populations and the big kahuna of climate change. Seldom do all the answers to these or any other problems lie in technological solutions, but tech certainly will have a role to play and a prominent one. The growing proportion of older people in the population has reached historical proportions, in the United States and throughout the developed world, including China. Increasingly, it will impose on economies. Because birth rates in the developed world have remained low for such a long time, Europe, Japan, China, and the United States have a dearth of young workers to replace the large and now retiring baby-boom generation. The U.S. Census Bureau estimates that the proportion of this country’s population of retirement age has expanded from 9.4 percent in 1960 to 17 percent in the 2020 census. Not all of those over 65 have left off working, but the Bureau reports that the country now has under 4 […]

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The trial and error tested steps to starting your ideal business. Opinions expressed by Entrepreneur contributors are their own. In my 33 years, I’ve started around ten businesses, so the following list is coming from the trial and error process so far in my life — the positives and the negatives. Starting a business takes a lot of hard work and determination. The positive aspect of entrepreneurship is the freedom and flexibility to make your own decisions and pursue your passions. However, starting a business involves financial risk, long hours, decision-making and stress. Be prepared for these challenges and have a strong support system. Let’s get into it. 1. Discover your passion Let’s start with the idea of what you want to create and "sell" to the world. Coming from my own experience, it’s best to follow the passions you have in your life. That way, you’ll stick to the business you are creating when it gets complicated . Do not go for the shiny objects or the things that others are doing, no matter the success they are achieving. You know your passions, the things you are looking at in your free time, that you watch, read and […]

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MERCED COUNTY, Calif. (KFSN) — After the relentless January storms, many businesses on Cooper Avenue in Merced are back on their feet but, still picking up the pieces. Clear Choice Custodial Services employees were still cleaning nearly five weeks after the storms. The offices and warehouses had three feet of flood water. The general manager Jack Mobley says despite the damage, the high waters did not impact business operations. "You can’t stop and cry about it, you just have to put one foot in front of the other and go on," Mobley says. On Friday, the U.S. Small Business Administration opened its Business Recovery Center at the Downtown Campus Center in Merced. Providing a range of services to not only businesses impacted by the winter storms, but also homeowners and renters who declared disasters. To get businesses back up and running, the SBA is offering low-interest loans. "It’s nice if you don’t have the cash or the reserves to replace the equipment and pay your employees when they can’t work," Mobley says. "If you don’t have that I can understand maybe having to lean on the SBA or FEMA but then you got money that you have to pay […]

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Some historians say Macon had its own “Black Wall Street,” with two banks and dozens of black-owned companies doing well. MACON, Ga. — In the early 1900s, downtown Macon reflected segregation and widespread business opportunities for all. In the 1920s, evidence of success for black and white businesses could be seen across the city. Some historians say Macon had its own “Black Wall Street,” with two banks and dozens of black-owned companies doing well. Historians say downtown Macon was very busy, and everyone who wanted to work had a job. Even more interesting was that in that era of segregation, black and white-owned businesses worked side by side. There were white and black businesses across the street from each other in Macon. This was not a common occurrence for many different communities. Many black own businesses prospered. The evidence of this was seen along Popular Street, Mulberry Street, Broadway and especially Cotton Avenue. People with firsthand knowledge of Macon’s black business success shared their stories, and much of it can be found in the many historical resources available. One of those documentaries, produced in 1993, was called Black Cultural History in Macon, Georgia. It included many interviews with individuals […]

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Justin Crowe, president of Parting Stone, holds a person’s remains that his company turned into solidified remains. (Eddie Moore/Journal) Copyright © 2023 Albuquerque It’s not the American way to talk about death. But after months of staggering COVID-19 deaths turned into years — totalling more than 9,000 in New Mexico — death became a daily discussion. “There were so many deaths, it was so busy,” said Liz Hamilton, a sales representative at Albuquerque-based death-care company Passages International, who was a practicing mortician at the time. “… The funeral home that I worked for, it was, I mean, it was just overwhelming – and this was a pretty small town.” Funeral directors were sometimes forced to meet with grieving families virtually. There was debate about how morticians should best avoid contracting the disease, sometimes riddled with misinformation and confusion, Hamilton said. While her friends complained about being bored working from home, Hamilton was inundated with business. In the years since, the dust has settled in the death-care industry. But some changes are here to stay, funeral directors and death-care providers say, and consumers themselves are leading the charge. The kiva at Sunset Memorial Park, which contains an ossuary for cremated […]

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Zhang Shasha collects seedlings for sale at a seedlings greenhouse in Suning County, north China’s Hebei Province, Feb. 17, 2023. 33-year-old Zhang Shasha runs a specialized cooperative for vegetables based in Suning County, her hometown. She started this vegetables business together with her husband in 2015. From seedling cultivation to field planting skills, Zhang devoted herself to an all-round study in the vegetables industry and gradually grew into an expert. In 2021, she was recognized as an outstanding female agricultural entrepreneur by the All-China Women’s Federation and the Ministry of Agriculture and Rural Affairs of China. Currently Zhang’s specialized cooperative for vegetables has over 600 members. More than 70 categories of vegetables and fruits are being cultivated here throughout the year. (Xinhua/Mu Yu) Zhang Shasha (L) checks on seedling growth at a greenhouse in Suning County, north China’s Hebei Province, Feb. 17, 2023. 33-year-old Zhang Shasha runs a specialized cooperative for vegetables based in Suning County, her hometown. She started this vegetables business together with her husband in 2015. From seedling cultivation to field planting skills, Zhang devoted herself to an all-round study in the vegetables industry and gradually grew into an expert. In 2021, she was recognized as […]

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There were 60 minority businesses in attendance like Annelle Whitt, President of James, and Annelle Whitt Entrepreneurial Development Foundation which provides grant opportunities to minority and women entrepreneurs (KRCG 13/ Ciara Tate). Columbia — Black History Month has a different meaning for everyone but according to the Black Business Expo organizers, this month is about celebrating and supporting the advancement of Black Americans. Alejandra Gudino, the Director of Diversity, Equity, and Inclusion with Columbia College said it’s important for black businesses to know that they are supported by the community. “We celebrate music. We celebrate art. We celebrate craftsmanship, but most of all we want the black community to know that we are here for you,” said Gudino. There were 60 minority businesses in attendance like Annelle Whitt, President of James, and Annelle Whitt Entrepreneurial Development Foundation which provides grant opportunities to minority and women entrepreneurs. Whitt said the organization strives to create generational wealth for such businesses. “The only thing we lack is the capital to get it done. So we are here to provide that. So I think this economy is going to grow as my husband use to say. We all do well when we all […]

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Abbott is being investigated by the Securities and Exchange Commission, as well as the Federal Trade Commission, in relation to their infant formula business, the company disclosed in a new SEC filing. Abbott said in a filing Friday that they received a subpoena from the SEC’s Enforcement Division in December 2022 requesting "information about its powder infant-formula business and related public disclosures." In January, Abbott "received a civil investigative demand" from the FTC seeking information in connection with the agency’s investigation of companies that bid for infant formula contracts with the federal Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) program through USDA . In this May 17, 2022, file photo, bottles of Similac baby formula are seen at empty baby formula section shelves at a store due to shortage in the availability of baby formula, in New Jersey.Anadolu Agency via Getty Images, FILE Abbott’s disclosure of these inquiries come after the Justice Department had already launched a criminal investigation into Abbott’s infant formula manufacturing conduct, a source familiar with the matter told ABC News, after contamination concerns triggered a massive recall and shutdown at their Sturgis, Michigan, plant last year. An Abbott spokesperson told ABC News […]

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While lawmakers consider bringing the Legislature into the 21st century, they might also want to consider modernizing a Byzantine tax code that’s been shackling small businesses and deterring economic development for decades in New Mexico. “Tax pyramiding,” for example, is an archaic taxing tactic when the state levies taxes multiple times on the same goods or services. Once is often not good enough in New Mexico. Larger businesses, like manufacturers and corporate headquarters, have plenty of in-house accountants and lawyers. So they don’t feel the effect of pyramiding. Small businesses, on the other hand, typically have to contract for professional services, and then pay gross receipt taxes on those services. House Bill 367, supported by Democratic Gov. Michelle Lujan Grisham and cosponsored by Jason Harper, R-Rio Rancho, Benny Shendo Jr., D-Jemez Pueblo, Joshua Hernandez, R-Rio Rancho, and John Block, R-Alamogordo, would create a gross receipts tax deduction for certain business-to-business services, a provision known as “anti-pyramiding.” The bill would also cut GRT base rates by one-quarter of 1%. Combined with a 0.25 percentage point drop over a two-year period approved by lawmakers last year, the state’s base GRT tax rate would drop to 4.625% in July. HB 367 is […]

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