businesses

Small businesses struggle to find workers as pandemic eases

As small business owners try to recover and rebuild in the wake of the Covid pandemic, they face a new hurdle: a lack of workers.

A March survey by the National Federation of Independent Business found that 42% of owners had job openings that could not be filled, a record high. Ninety-one percent of those hiring or trying to hire reported few or no qualified applicants for the positions they were trying to fill.

That is turning into a huge obstacle to growth for many small businesses, said Holly Wade, executive director of the NFIB Research Center.

“They have made it to this point and they’ve adjusted their business operations to get through the worst of the pandemic and now they are saddled with not being able to increase business operations when they find the opportunities,” she said.

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Pa. official to get Black History Hero Award for aiding small diverse businesses

The African American Chamber of Commerce of Central Pennsylvania has announced the recipient for their Black History Hero Award.

The group has selected Kerry L. Kirkland, deputy secretary for Diversity, Inclusion and Small Business Opportunities at the Pennsylvania Department of General Services, to receive the award this year. The award ceremony will be held at Temple University Harrisburg campus at 1 p.m. on Feb. 25. The event will be invitation only due to COVID-19.

In a press release from the African American Chamber of Commerce of Central Pennsylvania, the group explained Kirkland’s award was for his work “assisting Small and Small Diverse Businesses, as well as the general public, during the COVID-19 pandemic.”

In particular, it was Kirkland’s creation of the COVID-19 Small Diverse Business and Community Taskforce that drew kudos from the AACCCP. Among other initiatives, the task force helped to organize the sterilization of the Harrisburg capitol during

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Businesses

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How Beta Boom is helping women- and minority-led startups grow their businesses

Kimmy Paluch, the founder of Beta Boom, a venture academy that helps startups get funding, joined Yahoo Finance to discuss the disparities in funding women- and minority-owned and what her company is doing to help.

Paluch tells Yahoo Finance that Black women are starting businesses at the fastest clip of any racial group. However, they are receiving less than half a percent of venture capital dollars. The Beta Boom founder says that the company is looking to level the playing field. She says this is why it primarily invests in startup founders who are women, people of color, and other overlooked groups. 

“What makes us different is we invest a lot more human capital into these companies because writing the check is just not enough. There’s a lot of work that needs to be done to tear down access gaps that these founders face. So we invest, and we

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