Three Ways to Build Your Business Credit Report

Credit report

A strong business credit report is important to running a successful business. Traditional and even some non-traditional lenders use business credit reporting agencies such as FICO Small Business Scoring Service to determine a firm’s creditworthiness when evaluating an application for a loan. Yet because many woman and minority-owned businesses have limited access to credit, they […]

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Manhattan Labor Broker Indicted for Workers Comp Fraud

Four construction workers from a labor broker work on a high rise

On Sept. 5, 2019, Manhattan District Attorney Cyrus R. Vance announced the indictment of an unlicensed labor broker, Alvador Almonte Jr., and his insurance broker for conspiring to avoid nearly $1 million in worker’s compensation insurance premiums. Almonte and his broker, Steven Asvazadourian, were charged in a seven-count indictment that included Insurance Fraud in the […]

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The Top Three States for Female Entrepreneurs in 2019

Each year, Fit Small Business names the top U.S. states for female entrepreneurs, using criteria such as how business-friendly the states are and the number of female-owned start-ups already operating there. Historically, coastal states like California and New York have dominated the list. But with so many start-ups gravitating towards the coast, middle America and […]

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MBDA Announces National Award Winners in Advance of MED Week

The Minority Business Development Agency (MBDA) just announced the winners of its prestigious Minority Enterprise Awards. The awardees will be formally recognized at a ceremony held at the Washington D.C. Intercontinental Hotel on Monday, Sept. 9, 2019. The awards ceremony will be the kick-off event for Minority Enterprise Week, which runs from September 8 through […]

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Changes to Texas Workers’ Comp Go Into Effect Soon

Texas state capitol building

The state of Texas is about to usher in some significant changes to its workers’ compensation laws. The statutes significantly impact first responders, including firefighters and peace officers, who will have broader protections under the new rules. Other changes include expansion of the role of advanced practice nurses and clarification of the rules around injured […]

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New SBIR Funding Opportunities from the DOD

Logo of Department of Defense

The Department of Defense has announced new funding opportunities through its Small Business Innovation Research (SBIR) program. The funds will be made available to selected small businesses based on proposals submitted between Sept. 24, 2019, and Oct. 23, 2019. The Army, Air Force, Defense Health Agency, and the Missle Defense Agency are all participating.  A […]

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Why You Need a Business Checking Account

If you’re a minority entrepreneur just starting out in business, there are many things you need to do. Choosing a business name and legal structure, creating your business plan, developing a marketing strategy, and setting up accounting and record-keeping systems are just a few priorities that should be on your list. You’ll also need a […]

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