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WASHINGTON – Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the creation of the Tribal College Small Business Achievement (TCSBA) grant, a new pilot program to support Native American economic development. In addition to the four inaugural TCSBA grantees, the SBA is also announcing the awarding of two grants to entities serving Native American entrepreneurs through the agency’s Community Navigators initiative.

“The Biden-Harris Administration is committed to empowering tribal communities and creating pathways to entrepreneurship and small business development in Indian Country to advance economic opportunity. By partnering with Tribal Colleges and Universities, SBA aims to provide Native American and Indigenous entrepreneurs with more tools and resources to help them start and grow their businesses, create local jobs, and deliver for our economy,” said Administrator Guzman.

The TCSBA Program serves to provide in-depth, substantive, outcome-oriented business services to both new and established Native American entrepreneurs, many of whom are socially and economically disadvantaged. Through financial assistance to Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c), the program seeks to empower student entrepreneurs and local small businesses to affect substantial economic impact in their communities, as measured by successful business start-ups, job creation and retention, and increased company revenues.

The new pilot partnership will help fund entrepreneurship opportunities through grants to tribal colleges and universities of up to $250,000 each annually for a maximum five-year period. This is the first partnership of its kind with Tribal Colleges and Universities to support both student entrepreneurs and existing businesses in the community.

The four new TCSBA grantees are:

Haskell Indian Nations University of Lawrence, KS
Nebraska Indian College of Macy, NE
Salish and Kootenai College of Pablo, MT
Institute of American Indian Art of Santa Fe, NM
The SBA is also announcing two new partners serving Native American entrepreneurs in the Great Plains and the Southwest. These awardees represent an expansion of existing grants administered by the SBA to help reach Native American entrepreneurs through the Community Navigators program.

The two new Community Navigators grantees are:

Black Hills Community Loan Fund
Indian Dispute Resolution Services, Inc.
The SBA’s Office of Native American Affairs leads federal government efforts to promote entrepreneurship among Native American communities and support underserved and economically disadvantaged communities. Competitive proposals will outline how the project will increase the capacity of Native American entrepreneurs to access capital, create new enterprises, increase business survivability, create jobs, access global markets, and do business with the federal government.

To learn more about assistance provided to Native American small businesses and SBA’s Office of Native American Affairs, please visit http://www.sba.gov/onaa.

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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

ROSELAND, N.J. — ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced that it will present at Citi’s 2023 Global Technology Conference in New York on Thursday, September 7 at 4:00 p.m. ET.

Links to the live webcast and archived replay of the event will be available on ADP’s website at investors.adp.com.

About ADP (Nasdaq: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com.

WASHINGTON – U.S. Small Business Administrator Isabella Casillas Guzman met with Deputy Secretary of Defense Kathleen Hicks at the Pentagon to highlight President Biden’s AM Forward Initiative, as well as discuss collectively advancing critical technology and manufacturing priorities vital to U.S. national security and the potential of the SBA’s Small Business Investment Company (SBIC) program to help entrepreneurs overcome any barriers to access.

“By partnering with DoD and leveraging SBA’s long-standing public-private investment partnerships through the SBIC program, we will accelerate manufacturing innovation in the U.S. industrial base by enabling access to capital and expertise networks capable of addressing the biggest challenges faced by the small business suppliers critical to U.S. national security,” Administrator Guzman said.

“The AM Forward Initiative, the SBA’s SBIC program, and the establishment of DoD’s Office of Strategic Capital tell a compelling story about the power of partnerships to ensure that America’s small and medium-sized businesses continue to lead the world in innovation and critical technologies,” said Deputy Secretary Hicks.

The Office of Strategic Capital (OSC), established by Secretary of Defense Lloyd J. Austin III in December 2022, is a DoD initiative that will partner with U.S. government and private sector stakeholders to implement partnered capital strategies to scale critical technologies for national security. Secretary of Defense Lloyd Austin III and SBA Administrator Guzman launched the DoD-SBA partnership in December, and OSC signed an MOA with SBA in March.

Administrator Guzman and Deputy Secretary Hicks were joined in Tuesday’s meeting by representatives from Lockheed Martin, General Electric, Stifel Financial, and Applied Science & Technology Research Organization (ASTRO) America, discussing how President Biden’s AM Forward Initiative is an example of how the Biden-Harris Administration is working with the private sector to protect America’s enduring technological advantage. This initiative will further strengthen America’s supply chain by bringing together large manufacturers to help smaller U.S.-based suppliers increase their use of additive manufacturing, also known as 3D printing.

A critical objective of the AM Forward Initiative is an investment in recruiting, retaining, and adapting the workforce so the full spectrum of the defense ecosystem will be able to leverage advanced manufacturing techniques and a highly skilled labor pool when producing innovative capabilities. ASTRO America, a non-profit, non-partisan Research Institute dedicated to advancing the public interest through manufacturing technology and policy, in partnership with Stifel Financial, Lockheed, and GE, intend to identify and invest in lower middle market businesses working to increase American national security supply chain resilience, while also using additive manufacturing to reduce production costs and timelines for critical components.

Administrator Guzman and Deputy Secretary Hicks were also joined by Ms. Heidi Shyu, Under Secretary of Defense for Research and Engineering; Dr. Radha Plumb, Deputy Under Secretary of Defense for Acquisition and Sustainment; Ms. Bailey DeVries, Associate Administrator, Head of the SBA Office of Investment & Innovation; Ms. Joelle Gamble, National Economic Council Deputy Director; and Dr. Jason Rathje, Office of Strategic Capital Director.

About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

MILWAUKEE — Talent Solutions, a global leader in sourcing, managing and developing workforces as part of the ManpowerGroup (NYSE: MAN) family of brands, has been named a global leader in Recruitment Process Outsourcing (RPO) for the 13th year in the Everest Group PEAK MatrixÒ Assessment. In addition to being recognized for the breadth and depth of its global offerings, Talent Solutions has also been named as a leader in North America, Asia Pacific, and Europe, Middle East, and Africa (EMEA).

“Talent Solutions RPO has a longstanding history of driving an organization’s business strategy through their talent,” said Talent Solutions Global Brand Leader Stefano Scabbio. “Through our integrated solutions, enabled by technology and data-driven insights, we are able to uniquely drive competitive advantage for our clients.”

This year Everest Group recognized Talent Solutions’ robust talent advisory practices while offering a range of consultative services under three broad buckets: talent strategy, talent transformation, and talent sustainability. Additionally, it was recognized for providing detailed DE&I services to clients, including diverse talent sourcing and DE&I partnerships.

“Our market leadership over time is due to our agility and value delivered to companies in ever-changing market conditions. Now, more than ever, our clients rely on us to help them navigate economic uncertainty paired with the sustained talent shortage, asking for focused expertise in balance with flexibility,” Marceline Beijer, Global Brand Leader of Talent Solutions RPO, said. “We are proud to consistently be recognized by Everest Group for our leadership in delivering critical value both globally and within the regions.”

Everest Group also cited Talent Solutions’ continued investments in its technology stack, including:

PowerSuite™ – A comprehensive digital platform that integrates various proprietary and partnership tools, offering features such as landing sites, workflow automation, hiring campaigns, candidate engagement, and interview scheduling within a unified technology ecosystem.
Rapid Recruit – A powerful tool offering functionality for seamless high-volume recruiting by leveraging automated job feeds, interview automation, and more.
IntelliReach – A self-service business intelligence and market insights portal with on-demand dashboards, modeling and predictions, and peer benchmarking capabilities to support data-driven Talent Acquisition.
“Talent Solutions continues to support its clients through its global delivery network, extensive geographic footprint, and wide range of services,” said Arkadev Basak, Partner, Everest Group. “With its strong domain knowledge and strategic investments in technology and analytics, Talent Solutions continues to hold its positioning as a Leader on Everest Group’s Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2023 – Global.”

The Everest Group PEAK Matrix is a comprehensive evaluation framework based on an assessment of delivery capabilities measured across seven dimensions — market adoption, portfolio mix, value delivered, vision and strategy, scope of services offered, innovation and investment, and delivery footprint.

ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates more value for candidates and clients across more than 70 countries and territories and has done so for 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2023 ManpowerGroup was named one of the World’s Most Ethical Companies for the 14th time – all confirming our position as the brand of choice for in-demand talent.

For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Twitter, Facebook, and Instagram.

ABOUT MANPOWERGROUP TALENT SOLUTIONS
Talent Solutions combines our leading global offerings RPO, TAPFIN-MSP, and Right Management to help organizations address their complex workforce needs. Talent Solutions leverages our deep industry expertise and understanding of what talent wants to provide end-to-end, data-driven capabilities across the talent lifecycle. From talent attraction and acquisition to upskilling, development, and retention, we provide seamless delivery, leveraging best-in-breed technology, and extensive workforce insights across multiple countries at scale. Talent Solutions is part of the ManpowerGroup® family of brands, which also includes Manpower and Experis.

For more information, visit talentsolutions.manpowergroup.com, or follow us on LinkedIn and Twitter.

SOURCE ManpowerGroup

WASHINGTON – The U.S. Small Business Administration (SBA) today released a report detailing analysis of anti-fraud protocols put in place by the Biden-Harris Administration in SBA’s four largest pandemic programs. The report “Protecting the Integrity of the Pandemic Relief Emergency Programs: SBA’s Actions to Prevent, Detect and Address Fraud” highlights the actions the agency deployed to restore fraud measures in pre-existing relief programs, enhance fraud controls in new programs, as well as support cross-agency efforts to bring fraudsters to justice. The report also details the most comprehensive analysis yet estimating the total impact of fraud, across SBA’s four largest pandemic relief programs, including the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan Program (COVID-EIDL). The report is the most thorough analysis available of the initial fraud prevention measures, new controls put in place by the Biden-Harris Administration to prevent and detect fraud, and the overall impact of fraud on the pandemic relief programs.

“Pandemic relief programs, including those supported by President Biden’s American Rescue Plan, have driven a historic economic recovery, including saving millions of businesses and creating over 13 million jobs since 2021,” said SBA Administrator Isabella Casillas Guzman. “SBA’s COVID relief programs were large-scale and significant undertakings; and the agency has analyzed, evaluated and taken action to incorporate the latest methods and technologies along the way. With this report, SBA is detailing the effective measures added to fight fraud and hold bad actors responsible, as well as recommendations of best practices to ensure future emergency small business programs are optimized from the start.”

“The findings in this report, coupled with the SBA Office of Inspector General and other law enforcement’s commitment to fighting fraud, is a major step forward,” said Special Counsel for Enterprise Risk Peggy Delinois Hamilton. “Releasing the results of this report is necessary to fully inform past, present and future efforts for addressing fraud.”

The new anti-fraud measures deployed in 2021 in PPP and COVID-EIDL, which are explained in detail in the report, impeded further fraud attempts significantly and helped identify fraud that had already occurred. They include the reinstatement of checking applications against Do Not Pay databases, the checking of tax transcripts to validate application information in the COVID-EIDL programs, and the establishment of a new Fraud Risk Management Board.

As a result, in large part, of these measures, the SBA:

Blocked over 21.3 million applications. Using several tools, including first-of-its-kind artificial intelligence, the SBA blocked 21.3 million applications for pandemic relief, representing $511 billion of funds retained across all four of SBA’s largest pandemic programs. These included duplicate applications, ineligible applications, and attempted fraud.
Eighty-six percent of likely fraud in SBA’s pandemic relief program originated in the first nine months of the pandemic. The agency estimates $36 billion of $1.2 trillion in pandemic relief emergency program funds were obtained fraudulently. This amount is in contrast to recent overstated estimates that have not reflected all available data. The SBA’s $36 billion estimate reflects disbursed loans, grants, and awards that SBA, after a rigorous internal review, suspects as likely fraudulent and already has or expects to refer to law enforcement. The agency estimates that 86 percent of the fraudulently obtained loans originated in the first nine months of the first pandemic relief programs. The internal fraud reviews covered the entire portfolio of disbursed funding, relying on extensive data analytics and ongoing human-led reviews that will total four million once complete.
Achieved record-low fraud rates for new relief programs. Taking learnings from PPP and COVID-EIDL, the SBA team achieved dramatically lower fraud rates in the two largest SBA relief programs designed and launched in 2021, the Shuttered Venue Operators Grant Program (SVOG) and the Restaurant Revitalization Fund (RRF). SBA estimates a likely fraud rate of one-third of one percent (0.33%) for SVOG, and three-fourths of one percent (0.75%) for RRF.
Supported the recovery of $30 billion from pandemic relief emergency programs. In the wake of inadequate fraud mitigation measures implemented in 2020, the SBA has supported the recovery of $30 billion as a result of law enforcement actions, seizures, and voluntary repayments by borrowers and financial institution returns.
Anti-Fraud Recommendations

To follow through on the SBA’s work to identify awards, grants, and loans suspected of fraud, the report points to the importance of Congress meeting President Biden’s sweeping anti-fraud proposal published in March, which includes a request to provide at least $100 million in mandatory funding to SBA’s Office of Inspector General (OIG) to fulfill the mission laid out by recent legislation extending the statute of limitations for PPP and COVID-EIDL fraud.

Looking ahead to potential future national emergencies, the report also outlines recommendations to mitigate fraud through the design of relief programs. They include:

Expand government data-sharing. As outlined in President Biden’s Pandemic Anti-Fraud Proposal, increasing access to government datasets, and expanding validation services would further SBA’s ability to prevent fraud on the front end. Grant SBA digital, real-time access to government payroll data, as well as tax identification data, so that SBA can more quickly verify applicant information.
Build now to save later. Establish the statutory framework in advance of an emergency, so that SBA personnel and procedures can move quickly and with a full range of controls in the event of a crisis.
Prevent fraud rather than chase it. Center expectations on up-front fraud control measures rather than on recovery efforts after funds are distributed so that the post-disbursement stage can better focus on applicant performance and ongoing monitoring.
For more information, please visit https://www.sba.gov/document/report-protecting-integrity-pandemic-relief-programs to read the full report.

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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

WASHINGTON – The U.S. Small Business Administration (SBA) announced $3.5 million in grant awards to support outreach organizations focused on veteran small businesses. The grants provide critical funding to create new Veterans Business Outreach Centers (VBOCs) in Alaska, California, Colorado, Iowa, Nebraska, Nevada, and South Carolina, strengthening training and counseling services for aspiring and existing veteran and military spouse small business owners. In the United States, there are nearly two million veteran-owned small businesses, employing over five million people and generating over $1.3 trillion in annual revenue.

“Our servicemembers have protected our Nation with selfless honor and sacrifice, and the Biden-Harris Administration is committed to supporting them with resources and opportunities as they pursue their American dreams of business ownership,” said U.S. Small Business Administrator Isabella Casillas Guzman. “With this expansion of our veteran-focused network of small business centers, we can help more transitioning service members, veterans, National Guard and Reserve members, and military spouses start and grow their businesses and advance our economy.”

“VBOCs are a one-stop shop for business training, counseling, and resource partner referrals to transitioning service members, veterans, National Guard and Reserve members, and military spouses interested in starting or growing a small business,” said Timothy Green, Acting Associate Administrator for the Office of Veterans Business Development. “The new centers will provide additional resources to increase support and access for nearly 2 million veteran-owned small businesses. The expanded locations aim to enhance the veteran small business owner experience with more opportunities for training and less appointment wait times.”

Today’s announcement expands the VBOC program from 22 to 28 locations, fully servicing all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, and American Samoa. Organizations receiving grants from the SBA have demonstrated a commitment to addressing challenges that veteran-owned small businesses face and helping them succeed through the Department of Defense’s Transition Assistance Program. Grants will support a range of services, including:

Business planning: Provides veterans with training and counseling on accounting, financial planning, and management.
Assistance accessing capital: Provides veterans help in understanding the multitude of sources of capital available to them, as well as helps them in accessing financing, loans, and grants.
Marketing and outreach: Provides marketing and outreach services to promote veteran-owned businesses in their communities and beyond.
Transitioning: Provides Boots to Business instruction to help active duty servicemembers transition out of the military.
Grant awardees are as follows:

Seattle Economic Development Fund – Business Impact Northwest
Seattle, WA

Coverage Area: Alaska

University of Texas Arlington College of Business
Arlington, TX

Coverage Area: Nevada

Mt. Carmel Veterans Service Center
Colorado Springs, CO

Coverage Area: Colorado

Nebraska Enterprise Fund
Oakland, NE

Coverage Area: Nebraska and Iowa

The Citadel
Charleston, SC

Coverage Area: South Carolina

Long Beach City College
Long Beach, CA

Coverage Area: California – Los Angeles County, San Bernardino County, Ventura County, Orange County, Santa Barbara County, and Riverside County

For more information or to find a VBOC near you, visit www.sba.gov/vboc.

To learn more about SBA’s programs for veterans, visit www.sba.gov/veterans.

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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

BEIJING, Dec. 2, 2022 — China and the European Union (EU) on Thursday called for further developing their comprehensive strategic partnership as the world faces various challenges.

“The more unstable the international situation becomes and the more acute challenges the world faces, the greater global significance China-EU relations take on,” Chinese President Xi Jinping said to visiting President of the European Council Charles Michel.

“The EU is ready to become a reliable and predictable cooperation partner for China,” said Michel, who is the first leader of the EU institution to visit the country after the 20th National Congress of the Communist Party of China (CPC).

Keeping the right perception, properly managing differences

On promoting the development of China-EU relations, the Chinese president first stressed the importance of keeping the right perception.

There are no strategic differences or conflicts of fundamental significance between China and the EU, Xi said, adding that China does not seek dominance or hegemony, and the country has never tried to export its system and will never do it in future.

China supports the EU’s strategic autonomy and supports a united and prosperous Europe, he said.

Noting that it is only natural that the two sides have different views on some issues, Xi called on the EU to maintain communication and coordination in a constructive way.

Before Michel’s visit, Xi had in-person meetings with several leaders from EU countries, including French President Emmanuel Macron, on the sidelines of the 17th Group of 20 Summit in mid-November. German Chancellor Olaf Scholz also visited China in November.

During his talk with Scholz, Xi had underscored that China always regards Europe as a comprehensive strategic partner, supports the strategic autonomy of the EU and wishes Europe stability and prosperity.

Michel told Xi that the EU stands ready for an in-depth discussion with China on important issues concerning various aspects of EU-China relations “in the spirit of mutual respect and candor.”

The EU pursues strategic autonomy and stays committed to building its own capacity and pressing ahead with European integration, he stressed.

The EU upholds the one-China policy and respects China’s sovereignty and territorial integrity and will not interfere in China’s internal affairs, he said.

Promoting cooperation, strengthening coordination

The Chinese president called for joint efforts with the EU in strengthening macroeconomic policy coordination, seeking greater complementarity in market, capital and technology, and working together to nurture new growth drivers in digital economy, green development and environment protection, new energies, and artificial intelligence.

China welcomes the EU’s participation in the Belt and Road cooperation and the Global Development Initiative for greater synergy with the EU’s Global Gateway strategy, Xi said.

When meeting Michel and Ursula von der Leyen, president of the European Commission, via video in April, Xi had called for seeking greater synergy between their development strategies and exploring more complementarity between China’s new development philosophy and paradigm and the EU’s trade policy for open strategic autonomy.

Michel stressed strengthening communication to address energy crisis, climate change, public health and other global challenges, saying that the EU will work with China to take forward the process toward an EU-China investment agreement.

Despite the negative impacts of the COVID-19 pandemic, China and the EU have maintained vigorous economic cooperation — China overtook the U.S. to become the EU’s largest trading partner last year, with bilateral trade volume hitting a record high of $828.1 billion.

China and the EU are the second and the third largest economies in the world, with their share of global GDP standing at 18.5 percent and 17.8 percent, respectively, in 2021, according to the World Bank data.

The two sides also exchanged views on the Ukraine crisis.

Xi said a political settlement of the crisis best serves Europe’s interests and the common interests of all countries in Eurasia, stressing that China supports the EU in stepping up mediation efforts and playing a leading role in building a balanced, effective and sustainable security architecture in Europe.

China will remain on the side of peace and continue to play a constructive role in its own way, he said.

https://news.cgtn.com/news/2022-12-01/Xi-holds-talks-with-European-Council-President-Michel-1fpcvVrf30s/index.html

SOURCE CGTN

CONTACT: Jiang Simin, +86-188-2655-3286, cgtn@cgtn.com

SAN FRANCISCO, — The Otto Awards, the world’s most valuable communications prize for startups, began accepting applications today for its flagship awards program. Startups will compete for a chance to win a curated selection of professional services that support the growth of their business. Ten awards will be given, each valued at over $100,000. There is no cost to apply.

A highly accredited panel of Otto Awards judges will select winners who have made exceptional use of narrative to promote their entrepreneurial vision. Applicants can submit pitch decks, websites, videos and/or articles to demonstrate their ability to communicate their company’s story.

Announcing the launch of the world’s most valuable startup communications awards. Free to apply, over $1m in prizes.

“Startups succeed by inspiring external audiences, whether it’s customers, investors, or potential employees,” says Otto Pohl, founder of The Otto Awards. “We want to reward the founders with exceptional communications talent, and also use these awards to showcase these skills to other entrepreneurs.”

“Storytelling is what drives customer engagement in today’s world, and that directly translates to business success,” says Steve Clayton, Microsoft’s VP of Global Public Affairs and an Otto Awards judge. “It’s powerful for businesses of all sizes, and one of the most powerful tools available to early-stage entrepreneurs.”

Two winners will be selected in each of the five categories: B2B, B2C, Cleantech, Fintech and Healthcare. Within each category, there will be a winner for earlier-stage companies (zero or early-stage funding), and one for later-stage companies (up to $20m raised). Deadline to submit for the inaugural awards is November 13.

“Science has proven that while words tell, stories sell,” says Justin Sternberg, Storytelling Executive at Snap and Otto Awards judge. “From my perspective as a TV writer, MBA professor and storytelling executive in tech, there’s no better way to put your ideas into the world than by unlocking Hollywood’s secrets to deliver blockbuster results.”

In addition to Clayton and Sternberg, the judging panel will include Andy Kaplan, former president of Sony Pictures Worldwide; David Hornik, founding partner of Lobby Capital; Aditi Roy, Emmy award-winning journalist from CNBC, ABC; Rachel Konrad, the first head of communications at Tesla; and more. Winners will be announced December 6.

This year’s Otto Awards are sponsored by some of the best service providers available to startups, including:

Gunderson Dettmer, preeminent innovation economy law firm.
Headstand, the leading Silicon Valley startup PR agency.
Blue Egg, branding and design agency.
Shareability, interactive storytelling consultancy and studio.
InboundAV, business growth through smart marketing.
Core Communications, boutique communications service for startups
Figure, Figure Equity Solutions is a leading cap table and equity management platform.
Sprchrgr, finance, strategy, and accounting consulting firm.
Endrock, data-driven growth agency for DTC brands.
Hubspot, top CRM platform.
For more information, to nominate a startup, or to enter your company, please visit www.ottoawards.com.

About The Otto Awards
The Otto Awards are the world’s most valuable communications awards for startups. Ten awards are granted to companies with under $20m in total funding. There is no cost to apply, and each winner receives a curated professional services package valued at over $100,000 from some of the most prestigious companies serving the startup industry. Judges hail from companies including Microsoft, Tesla, Uber, Google, CNBC, Sony, and others. The awards were named after Otto Pohl, a leading entrepreneurial communications consultant and advocate for the importance of storytelling for startups. For more information, please visit www.ottoawards.com.

Media Inquiries
Talia Scribner
talia.scribner@headstandgroup.com

SOURCE Otto Awards LLC

ATLANTA, Aug. 1, 2022 – IOU FINANCIAL INC. (“IOU” or “the Company”) (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today the introduction of its new Premier PLUS term loan product for small businesses, with terms of 36 months and loan amounts ranging from US$500K to US$1.5M.

“Small business needs are growing, and IOU is thrilled to introduce our biggest and longest-term loan to date,” said Robert Gloer, President and CEO. “Being able to access up to US$1.5 million within 24 hours of completing an application can be a powerful option for quickly financing growth strategies.”

IOU’s Premier PLUS term loan is available to businesses that have been in operation for at least 5 years and rewards those with high credit scores. Available to qualified new and returning clients, the Premier PLUS term loan is designed to provide small business owners with easy access to larger loan amounts and payments spread out over 36 monthly instalments.

Premier PLUS is the latest instalment in IOU’s commitment to deliver innovative new term loan products designed to help broker partners fulfill an expanding range of business funding needs. In 2021, the Company extended its product range with a 24-month term loan and the industry-first Cash-Back Loan, a unique term loan product for small businesses that encourages and rewards perfect payment histories with a cash reward of 3% of the original loan amount.

Product innovation is a cornerstone of the Company’s Post-Pandemic Growth Plan, for which it was awarded a Silver Stevie® at the American Business Awards®.

IOU broker network partners can find out whether their clients qualify for the Premier PLUS term loan by contacting their IOU Financial Account Executive. Small business owners can find a broker, and independent brokers can apply to join IOU Financial’s broker network, by visiting www.IOUFinancial.com.

About IOU Financial Inc.

IOU Financial Inc. is a wholesale lender that provides quick and easy access to growth capital to small businesses through a network of preferred brokers across the US and Canada. Built on its proprietary IOU360 technology platform that connects underwriters, merchants and brokers in real time, IOU Financial has become a trusted alternative to banks by originating over US$1 billion in loans to fund small business growth since 2009. IOU was named one of the 50 Best Places to Work in Fintech for 2022 by American Banker and trades on the TSX Venture Exchange under the symbol IOU (TSXV: IOU), and on the US OTC markets as IOUFF. To learn more about IOU Financial’s corporate history, financial products, or to join our broker network please visit www.IOUFinancial.com.

BEIJING, – As the world deals with major changes and a pandemic unseen in a century, China has highlighted the importance of advancing globalization even as the economic integration process faces headwinds.

To forge greater synergy for development and close the development gap, the international community needs to pool cooperation resources, platforms and networks of development partnerships, Chinese President Xi Jinping said on Friday in a virtual address to the plenary session of the 25th St. Petersburg International Economic Forum.

“We have full confidence in China’s economic development,” Xi said. “China will continue to promote high-quality development, expand high-standard opening-up with firm resolve, and pursue high-quality Belt and Road cooperation.”

More equitable, sustainable global development

Noting that the international community is keen to achieve more equitable, sustainable and secure development, Xi said it is important to seize opportunities, meet challenges head-on, and work on the implementation of the Global Development Initiative to build a shared future of peace and prosperity.

The Chinese president proposed the Global Development Initiative in his speech to the 76th Session of the United Nations General Assembly via video link in September last year. The plan charts a course for international development.

It is important that all countries strengthen the “soft connectivity” of development policies and international rules and standards, Xi told the attendees at the forum.

Attempts at decoupling, supply disruption, unilateral sanctions and maximum pressure should be rejected, and trade barriers removed so as to keep global industrial and supply chains stable, tackle the worsening food and energy crises, and revive the world economy, he said.

It is important to follow true multilateralism, and respect and support all countries’ pursuit of development paths suited to their national conditions, he said, adding that it is also important to build an open world economy and increase the representation and voice of emerging markets and developing countries in global economic governance.

He also called on countries to pursue innovation-driven development, stressing the importance of unlocking the potential of innovation-driven growth, improving the rules and institutional environment for innovation, and breaking down barriers to the flow of innovation factors.

Xi urged efforts to deepen exchanges and cooperation in innovation, facilitate deeper integration of science and technology into the economy, and make sure the fruits of innovation are shared by all.

China to continue promoting high-quality development

The Chinese president pointed out that the fundamentals of the Chinese economy – strong resiliency, enormous potential and long-term sustainability – remain unchanged.

As one of the first countries to resume work and production, the country became the only major economy to register positive growth in 2020, with its GDP surpassing 114.4 trillion yuan (about $18.1 trillion) in 2021.

A recent report released by the American Chamber of Commerce in South China has indicated that over 70 percent of the assessed companies have reinvestment plans in China for 2022, and 58 percent consider their overall return on investment in China to be higher than in other places.

China stands ready to work with Russia and all other countries to explore development prospects, share growth opportunities, and make new contributions to deepening global development cooperation and building a community with a shared future for mankind, Xi said.

https://news.cgtn.com/news/2022-06-17/Xi-addresses-25th-St-Petersburg-International-Economic-Forum-1aWGtfC4wN2/index.html

SOURCE CGTN

CONTACT: Simin Jiang, +86-18826553286, jiang.simin@cgtn.com

NEW YORK, June 15, 2022 – Today, Ernst & Young LLP (EY US) announces that applications are open for the 2023 class of the EY Entrepreneurs Access Network (EAN), and qualified Black and Latino CEOs and founders nationwide are encouraged to apply.

Entrepreneurs from historically underrepresented communities lead or own 18% of all businesses nationwide and by one estimate, generate $396b in economic activity. But despite this far-reaching economic impact, systemic discrimination still prohibits some Black and Latino entrepreneurs from reaching their full potential.

In response, the EAN was created to support Black- and Latino-owned companies by helping close disparity gaps in accessing capital, connections and resources.

More details are available below and also at ey.com/ean.

What: The EY Entrepreneurs Access Network (EAN) is a business accelerator for high-growth Black and Latino entrepreneurs. EAN participants receive yearlong access to mentors, an executive curriculum, growth resources and capital connections.

Why: In 2019, EY leadership observed a lack of access to connections and funding that hinders many Black- and Latino-owned businesses from scaling, and the pandemic further amplified these barriers. As an expansion of our current entrepreneurial ecosystem (35 years Entrepreneur Of The Year®; 15 years Entrepreneurial Winning Women™), EY US developed the EAN to help bridge the gaps for these companies to thrive.

When: Applications are being accepted now through September 15, 2022. The EAN will notify companies of their acceptance on a rolling basis, beginning early December 2022.

Who: Black and Latino business owners who meet the criteria may apply online at ey.com/ean. Applicants must be Black or Latino business owners who are founding CEOs and majority owners of any privately held, for-profit company based in the US. The company must be more than two years old and 51% minority (Black/Latino) owned.

How: The EAN is designed to be a manageable 12-month program for busy executives. The platform includes assessments, one-on-one coaching, a curriculum customized based on needs, access to online tools and networking events, and promotional exposure. There is no cost to participate.

Quotes:
From EY US: “Black and Latino businesses are often underestimated and under supported. Although they contribute billions to our economy in revenue and jobs, they still experience systemic barriers. The EY EAN is seeking ambitious leaders who are hungry for professional and company growth and ready to soar to new heights.” – Nit Reeder, EY Americas Markets Communications and Enablement Leader; EY Entrepreneurs Access Network Program Director

From EY Entrepreneurs Access Network participant: “The Entrepreneurs Access Network has been invaluable. My EY mentor facilitated connections with venture capital firms and has even helped me launch a brand-new electric vehicle business. Although I’ve been a CEO for nearly 20 years, this program gave me the opportunity to work on my business, not just in it — with real results.” – Maurice Brewster, Founder & Chief Executive Officer, Mosaic Global Transportation
SOURCE EY

CONTACT: Barbara Dimajo, Ernst & Young LLP, +1 954 865 7549, barbara.dimajo@ey.com

BEIJING, June 13, 2022 — Under a people-centered development philosophy, China prioritizes people’s lives and health as the country is still pursuing a dynamic approach to ensure both epidemic control and social, economic development.

Beijing has continued to fine-tune its anti-COVID-19 approach, making it even more scientifically sound, precise and effective, so as to minimize the impact of the pandemic on economic and social development.

During President Xi Jinping’s latest inspection in southwest China’s Sichuan Province, he called for efforts in overcoming difficulties in economic development while stressing that the dynamic zero-COVID-19 approach must be unswervingly upheld.

President Xi, also general secretary of the Communist Party of China (CPC) Central Committee, started his inspection on Wednesday, and visited the cities of Meishan and Yibin.

Promoting green agricultural development

Promoting agricultural modernization was highlighted when Xi visited the village of Yongfeng. Relying on the advantages of the rice industry and technology, the village has built the largest pilot test base of new rice varieties in the province.

After learning about local efforts to advance high-standard farmland development, boost grain production and promote rural revitalization, Xi said efforts are needed to strengthen the application and training of modern agricultural science and technology and actively develop green, ecological and efficient agriculture.

“Chinese people have the confidence to keep the rice bowl firmly in our own hands,” he said, adding that it is important to ensure food security, particularly grain production.

Protecting ecological environment in Yangtze River basin

Protecting the ecological environment was another focus during Xi’s inspection tour.

Protecting the ecological environment of the Yangtze River basin is the prerequisite for promoting high-quality development of the Yangtze River Economic Belt, said Xi when he visited Sanjiangkou, where the Jinsha and Minjiang rivers converge into the Yangtze River.

The Yangtze River Economic Belt covers nine provinces and two municipalities, accounting for over 40 percent of the country’s population and economic aggregate.

China’s top leadership has called for efforts to turn the economic belt into the country’s focus for green development, the major artery for a smooth “dual circulation” of domestic and international markets, and the main force spearheading high-quality economic development.

Ensuring people’s normal life and production

During the inspection, Xi also called for measures to facilitate employment of college graduates, promote scientific and technological innovation in enterprises, and enhance the country’s capacity for independent innovation.

The president was deeply concerned about the rescue and treatment of the people injured in the magnitude-6.1 earthquake in Ya’an of Sichuan on June 1.

He urged local authorities to make appropriate arrangements for residents affected by the quake, ensure the supply of daily necessities and make plans for recovery and reconstruction.

Speaking of recent floods and geological disasters in some parts of China, he called for early contingency preparations to safeguard people’s lives and property. He also demanded swift rescue efforts after disasters to minimize casualties and loss of property.

https://news.cgtn.com/news/2022-06-09/Xi-Jinping-inspects-southwestern-Chinese-city-of-Yibin-1aIZLohONTG/index.html

SOURCE CGTN

CONTACT: Jiang Simin, +86-188-2655-3286, cgtn@cgtn.com

CHICAGO, – Today, Famous Amos, in partnership with the National Black Chamber of Commerce (NBCC), announces the second cycle of the Famous Amos Ingredients for Success Entrepreneurs Initiative, a grant and mentorship program that aims to provide the necessary tools and resources to help Black business owners thrive.

The program features a pitch contest, in which prospective recipients submit an application that includes a videotaped elevator pitch and a written statement sharing the nature of their business, why it has the makings of a successful enterprise, and how they plan on using the funds to build a lasting operation. In sum, three business owners will receive $50,000 in unrestricted capital from Famous Amos, totaling $150,000 in cash awards. In addition, a full suite of mentoring and coaching resources will be provided by the National Black Chamber of Commerce.

Three business owners will receive $50,000 each in unrestricted capital from Famous Amos, and coaching from the NBCC.

“We established the Famous Amos Ingredients for Success Entrepreneurs Initiative to support Black businesses and to honor the legacy of the brand’s founder, Mr. Wally Amos,” said Rachna Patel, Senior Director of Marketing for Famous Amos. “In addition to the grants Famous Amos awards, we feel it is equally important to offer resources such as mentorship, coaching, and networking, which are provided by our community partner, the National Black Chamber of Commerce.”

The challenges Black businesses face on the road to sustainability are steep and plenty. According to a report from the Brookings Institution, Black people comprise approximately 14% of the U.S. population, but only 2.3% of owners of employer firms. Findings from the Federal Reserve System’s 2021 Small Business Credit Survey showed that most small business owners reported experiencing financial hardship during the early stages of the pandemic, but the highest rate was reported by Black business owners: 92%. The same survey also pointed to challenges for Black businesses getting capital they needed to survive the pandemic, with only 43% of Black firms receiving the Paycheck Protection Program (PPP) loans they applied for, compared to a 79% of White-owned firms.

Lower personal wealth among Black entrepreneurs also inhibits business creation, the report noted, underscoring the need for programs like the Famous Amos Ingredients for Success Entrepreneurs Initiative to provide business capital that Black businesses need to invigorate their operations.

In addition, according to a recent story by CNBC, nearly 8 out of 10 Black-owned companies usually do not survive the first 18 months. Famous Amos strongly believes that pairing these entrepreneurs early on with financial resources and mentorship is a key ingredient to contribute to a more positive direction.

“We are energized by our mission to economically empower Black businesses and communities,” said Charles H. DeBow, III, CEO, National Black Chamber of Commerce. “We look forward to the continued partnership with Famous Amos, and to providing coaching and mentorship that will help propel grant recipients to further success in their endeavors.”

Ten national finalists will be selected, judged, and narrowed down to three recipients by some of the nation’s foremost Black business leaders including Mandy Bowman, Founder of Official Black Wall Street; Steve Canal, CEO of Flourysh; Roby Mercharles, VP of Partnerships at The American Dream Fund & Marketplace; and Nancey Harris and Tracy Green, Co-Founders of Vontelle, LLC, one of three businesses selected from the first cycle of the Famous Amos Ingredients for Success Entrepreneurs Initiative.

To qualify, businesses must be Black-owned and have been in operation for five years or less. For official rules and eligibility requirements, and to apply now, please visit https://famousamosingredientsforsuccess.info. All entries must be submitted by June 26, 2022 at 11:59 p.m. Eastern Daylight Time.

About Famous Amos

The Famous Amos story began in 1975 at a bakery on Sunset Boulevard in Hollywood, California. Inspired by a family recipe, the founder Wally Amos perfected the ultimate chocolate chip cookie. He used only the best ingredients to make his bite-size cookies. This delicious homemade signature helped them gain fame just by word of mouth. From there, the Famous Amos story becomes a Hollywood success story. Iconic musicians and other Hollywood celebrities began singing the praises of delicious tiny cookies from the small bakery on Sunset.

This was just the beginning of the Famous Amos story. It was always a core belief of Wally Amos that you make a tastier cookie if you use high-quality ingredients. While this has never changed, what customers looked for in a cookie did. They want simpler ingredients and internationally inspired recipes. So, we set out to find the ingredients from the most renowned places in the world and bring the bite-size cookies back to once again being Famous. That brings us to today, and we hope you enjoy our new Famous Amos Wonders From The World™.

About the National Black Chamber of Commerce (NBCC):

The NBCC is a nonprofit, nonpartisan, nonsectarian organization dedicated to the economic empowerment of African American communities. 140 affiliated chapters are locally based throughout the nation as well as international affiliate chapters based in North, Central, and South America, the Caribbean, Africa and businesses as well as individuals who may have chosen to be direct members with the national office. In essence, the NBCC is on the leading edge of educating and training Black communities on the need to participate vigorously in this great capitalistic society known as America.

The NBCC reaches well over 100,000 Black-owned businesses. As of the latest census data release, there were 3.12 million Black-owned businesses in the United States, generating $206 billion in annual revenue and supporting 3.56 million U.S. jobs.The National Black Chamber of Commerce® is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States.

SOURCE Famous Amos

CONTACT: MEDIA CONTACTS: Derrick Clifton, dclifton@explorefcg.com

ROCHESTER, N.Y., Hourly earnings growth accelerated for the eleventh consecutive month for workers of U.S. small businesses, according to the latest Paychex | IHS Markit Small Business Employment Watch. National small business job growth also remained strong, despite a slight moderation of 0.14 percent. The national jobs index for April was 101.14, an increase of 2.85 percent from a year ago. Average hourly earnings stood at $30.10, up 4.85 percent year-over-year.

“April saw a modest slowing in job gains as the labor market remains very tight,” said James Diffley, chief regional economist at IHS Markit.

“The state of small business employment remains strong, with wages increasing for 11 consecutive months and job growth near an eight-year high,” said Martin Mucci, Paychex CEO. “Texas continues to set the pace among states and metro markets. Texas led all states in small business employment growth and achieved record high hourly earnings growth in April, driven by Dallas’ eighth consecutive month as the top-performing metro in both categories.”

The ongoing economic boom in the state of Texas will be explored further in an upcoming two-part virtual roundtable, Paychex Spotlight on Texas. As part of the event, Paychex is bringing together subject matter experts, including both business and government officials in Texas, to provide up-to-date information on programs and opportunities to assist Texas business owners in managing and growing their businesses. Speakers will include: John Scott, Texas Secretary of State; Bryan Daniel, Chairman of the Texas Workforce Commission; Geoffrey Tahuahua, President of the Associated Builders and Contractors (ABC) of Texas; and Cindy Ramos-Davidson, CEO of El Paso Hispanic Chamber of Commerce, among others.

In further detail, the April report showed:

At 101.14, the national index remains near its historic peak set in January 2022.
The South reclaimed the top spot for small business job growth by region, Texas was the highest-ranking state, and Dallas continued as the top metro for the eighth consecutive month.
Nationally, hourly earnings growth improved to 4.85 percent, its eleventh consecutive increase.
Annual weekly earnings growth grew to above four percent, the second consecutive increase.
The West and South lead regions with hourly earnings growth above five percent.
Ohio and North Carolina have the highest rates of hourly earnings growth, both above six percent.
Leisure and hospitality leads the industry sectors in both small business job growth and hourly earnings growth by a significant margin.
Paychex solutions reach 1 in 12 American private-sector employees, making the Small Business Employment Watch an industry benchmark. Drawing from the payroll data of approximately 350,000 Paychex clients with fewer than 50 employees, the monthly report offers analysis of national employment and wage trends, as well as examines regional, state, metro, and industry sector activity.

The complete results for April, including interactive charts detailing all data, are available at www.paychex.com/watch. Highlights are available below.

National Jobs Index

At 101.14 in April, the national index has signaled strong small business employment growth with levels above 101 for the first four months in 2022.
After eight consecutive gains from June 2021 through January 2022, the national index held steady in February, moderated slightly in March (-0.03 percent) and April (-0.14 percent).
The pace of small business growth remains near an eight-year high despite slowing in March and April.
The national index increased 2.85 percent year-over-year, from 98.34 in April 2021 to 101.14 in April 2022.
National Wage Report

At $30.10 per hour, hourly earnings have increased 4.85 percent ($1.39 per hour) since April 2021.
The hourly earnings growth rate improved for the eleventh consecutive month, from 2.75 percent in May 2021 to 4.85 percent in April 2022.
After a slight downturn in January and February, weekly earnings growth quickly improved in March and April to a current rate of 4.39 percent. One-month annualized growth in March and April averaged 7.22 percent.
Regional Jobs Index

The South retook the lead among regions (101.51) and was the only region to improve in April (0.03 percent).
The West slowed 0.25 percent in April, most among regions, but remains strong at 101.35.
At 100.24, the Midwest is nearly one point lower than the national index (101.14), while all other regions are trending above the national index.
Regional Wage Report

The West (5.21 percent) and the South (5.17 percent) lead regions with hourly earnings growth exceeding five percent. The Northeast trails at 4.28 percent hourly earnings growth.
Weekly earnings growth in the West (4.68 percent) overtook the South (4.62 percent) for the top spot among regions.
The Northeast is last among regions in earnings growth and first in hours worked growth; the opposite is true for the West region.
State Jobs Index

Texas held its rate of small business employment growth (-0.02 percent) to regain the top spot among states with an index of 102.89. North Carolina (102.75) and Georgia (102.32) also have strong indexes above 102.
Maryland had the best one-month change rate among states in April (0.81 percent) and has improved for seven consecutive months, from 97.58 in September 2021 to 101.04 in April 2022.
Arizona had the weakest one-month change rate among states in both March (-0.73 percent) and April (-1.02 percent).
Note: Analysis is provided for the 20 largest states based on U.S. population.

State Wage Report

North Carolina (6.17 percent) and Ohio (6.09 percent) lead states with hourly earnings growth topping six percent in April.
Pennsylvania and Virginia are the only two states that have hourly earnings growth below four percent.
Texas hit record high hourly earnings growth (5.12 percent) as well as weekly earnings growth (5.18 percent) in April.
Note: Analysis is provided for the 20 largest states based on U.S. population.

Metropolitan Jobs Index

The top metro for the eighth consecutive month, Dallas improved its pace of hiring 0.24 percent in April bringing its index to 105.37. Dallas is nearly three points higher than the second and third-ranked metros, Atlanta (102.47) and Miami (102.16).
Ranked first among metros from February 2021 through August 2021, Tampa has slowed in six of the last seven months plummeting to 18th among metros.
At 100.80, Phoenix slowed 1.12 percent in April, worst among metros, and is essentially flat year-over-year (0.06 percent).
Note: Analysis is provided for the 20 largest metro areas based on U.S. population.

Metropolitan Wage Report

At 6.09 percent and first among metros in April, hourly earnings growth in Dallas hit a new record level for the ninth straight month. Dallas boasts the strongest hourly earnings and employment growth.
Florida metros Miami (5.68 percent) and Tampa (5.58 percent) lead in weekly earnings growth. Texas metros Dallas (5.21 percent) and Houston (5.06 percent) are also above five percent and among the top five.
New York reported hourly earnings growth of 4.11 percent and ranks in the bottom three among metros (Philadelphia and Washington are below four percent).
Note: Analysis is provided for the 20 largest metro areas based on U.S. population.

Industry Jobs Index

Leisure and hospitality (105.22) had the largest slowdown for the third consecutive month, -0.82 percent, though its small business employment growth rate remains well ahead of other sectors.
Education and health services was the only sector to improve in April gaining 0.19 percent. At 100.35, education and health services has increased its rate of small business employment growth nine out of the last ten months.
At 99.54, Manufacturing slowed to below 100 for the first month since October 2021.
Note: Analysis is provided for seven major industry sectors. Definitions of each industry sector can be found here. The other services (except public administration) industry category includes religious, civic, and social organizations, as well as personal services, including automotive and household repair, salons, drycleaners, and other businesses.

Industry Wage Report

Leisure and hospitality leads sectors in growth for hourly earnings (8.94 percent) and weekly earnings (7.86 percent).
Construction leads sectors in 12-month weekly hours worked growth (0.37 percent), improving for the ninth consecutive month.
Hourly earnings growth education and health services (3.77 percent) in April reached a new record level since reporting began in 2011, yet is last among sectors.
Note: Analysis is provided for seven major industry sectors. Definitions of each industry sector can be found here. The other services (except public administration) industry category includes religious, civic, and social organizations, as well as personal services, including automotive and household repair, salons, drycleaners, and other businesses.

For more information about the Paychex | IHS Markit Small Business Employment Watch, visit www.paychex.com/watch and sign up to receive monthly Employment Watch alerts.

*Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website.

About the Paychex | IHS Markit Small Business Employment Watch
The Paychex | IHS Markit Small Business Employment Watch is released each month by Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, and IHS Markit, a world leader in critical information, analytics, and expertise. Focused exclusively on small business with fewer than 50 employees, the monthly report offers analysis of national employment and wage trends, as well as examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful tool delivers real-time insights into the small business trends driving the U.S. economy.

About Paychex
Paychex, Inc. (Nasdaq: PAYX) is a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 50 years of industry expertise, Paychex served more than 710,000 payroll clients as of May 31, 2021 in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting paychex.com and stay connected on Twitter and LinkedIn.

About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.

Media Contacts
Lisa Fleming
Paychex, Inc.
+1 585-387-6402
lfleming@paychex.com
@Paychex

Kate Smith
IHS Markit
+1 781-301-9311
katherine.smith@ihsmarkit.com

Maggie Pryslak
Mower
+1 585-576-1083
mpryslak@mower.com

SOURCE Paychex, Inc.

GREENVILLE, S.C., Feb. 22, 2022 — Duke Energy continues its long history as a critical participant in South Carolina’s economy by announcing $500,000 in support of the state’s top industry: agribusiness. The grants from the Duke Energy Foundation will help fund education and diversity initiatives across the state.

“Agribusiness is South Carolina’s top industry, and Duke Energy is proud to power thousands of family and commercial farms and related businesses across the state,” said Mike Callahan, Duke Energy’s South Carolina state president. “As a company born in South Carolina and critical to its success, we are constantly looking for ways to help power the state’s economy. That’s why it is important for us to support efforts that not only build the diverse 21st century workforce this industry will need to prosper and grow, but also help more minority farmers and landowners protect family land and grow working landscapes.”

Grant recipients

S.C. Governor’s School for Agriculture – ($150,000) – Grant will go toward building curriculum and teaching of sustainable farming practices and equipment needs, plus establishing a scholarship program for students continuing their education in agriculture programs at S.C. State University, Clemson University or the state’s technical colleges. In partnership with the Advocates for Agriculture, a portion of the funding will go toward the establishment of the Martin Eubanks Memorial Gardens at the Governor’s School.
Center for Heirs’ Property Preservation – ($150,000) – The center works to help minority farmers and landowners with the legal aspects of legacy land and timber farming opportunities. These funds will help with the expansion of their services into the Pee Dee region (Florence, Darlington, Marion, Dillon and Marlboro counties).
Future Farmers of America (FFA) – ($200,000) – Funding will provide microgrants to local high school chapters of FFA and will also target all school districts who have agriculture teachers and programs with enrichment grants (130 agriculture teachers through 96 FFA chapters across the state).
“This grant will allow us to expand our sustainable agriculture program here at our school. With the growing world population, we must be proactive in training our future agriculturalists how to sustainably grow our food and fiber,” said Timothy Keown, president of the S.C. Governor’s School for Agriculture. “One of our lofty goals is to grow at least 50% of the food that our students and staff consume in our cafeteria. This will teach our students that self-sustainability is an achievable goal. Without the grant from the Duke Energy Foundation, this goal wouldn’t be possible for years to come.”

“We are so grateful to Duke Energy for including the Center in their generous grant funding,” said Dr. Jennie L. Stephens, CEO for Center for Heirs’ Property Preservation. “We appreciate Duke Energy’s focus on agriculture and their concern for farmers, ranchers and foresters and the issue of Black land loss, particularly in the Pee Dee region of South Carolina. Our mission is to protect heirs’ property and promote the sustainable use of land to provide increased economic benefit to historically underserved landowners. This investment in the Center’s work will make a positive impact on the entire region.”

According to the South Carolina Department of Agriculture, agribusiness is the state’s No. 1 industry, accounting for nearly 250,000 jobs and $46.2 billion in annual economic impact. Farming has historically been a very important player in local economies and continues to have a large impact today in communities across the state.

Much like agribusiness, Duke Energy has played an important role in South Carolina’s economic success for more than a century and continues that impact today. Duke Energy maintains a sizable economic presence in South Carolina as a major employer investing heavily in the region – the company’s current economic impact on the state totals about $7.6 billion annually.

Duke Energy Foundation

The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The foundation contributes more than $30 million annually in charitable gifts, and is funded by Duke Energy shareholder dollars. More information about the foundation and its Powerful Communities program can be found at duke-energy.com/foundation.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.

Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2022 “World’s Most Admired Companies” list and Forbes’ “America’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Ryan Mosier
800.559.3853

SOURCE Duke Energy

NEW YORK, Feb. 4, 2022 — Today’s jobs report showed a better-than-expected increase in the number of jobs in January. Disruptions related to the Omicron variant do not seem to have derailed continued progress in the labor market. However, headwinds for employers persist, as labor shortages are still severe and economic activity remains healthy.

Nonfarm payroll employment increased by 467,000 in January, after an upwardly revised increase of 510,000 in December. The unemployment rate ticked up slightly to 4.0 percent, as the number of job-leavers and those on temporary layoffs increased; the labor force participation rate remained essentially the same at 62.2 percent in January after taking the new population controls into account. Overall, jobs still number 2.9 million below prepandemic (February 2020) levels, with women representing 63 percent of these employment losses. Note that this month’s release incorporates larger revisions to the Establishment Survey (used for nonfarm payroll employment) and Household Survey (used for the unemployment rate). Revisions to payroll employment were especially large over the past year.

Leisure and hospitality gained 151,000 jobs in January—a possible signal that businesses have become better at continuing operations amid a surge in COVID-19 infections. A majority of other industries also added new jobs, except for construction and mining, where small job losses were recorded. On the other hand, many businesses still experienced disruptions. For example, 6 million people reported that they had been unable to work because their employer closed or lost business due to the pandemic at some point in the past four weeks, up from 3.1 million in December.

Wages continued to rise rapidly. Average hourly earnings increased 5.7 percent over the past 12 months, signaling that recruitment and retention difficulties remain high. With the unemployment rate expected to fall to near 3 percent by the end of the year, labor markets will remain tight in 2022 and likely beyond. The US working-age population is projected to barely grow over the next decade. Employers hiring manual labor and services workers (such as transportation, construction, food services, and personal care) will face an especially hard time finding qualified workers. In such an environment, wage growth will likely remain elevated, which in turn would put more pressure on price inflation.

Some relief could come for employers if more people would return to the labor force, but the labor force participation rate is still at 62.2 percent—more than 1 percentage point below its prepandemic rate. Continued improvements in the labor market and higher wages should attract some people back to the job market, and participation rates may improve slightly during 2022. On the other hand, workers retiring early during the pandemic explain part of the gap in participation, and few of these older workers are expected to return.

Job growth in November and December was revised up by 709,000, implying job growth did not slow towards the end of 2021. This jobs report supports the Fed’s increasingly hawkish guidance, and we are currently expecting at minimum four 25-basis-point interest-rate hikes in 2022.

SOURCE The Conference Board

CONTACT: Jonathan Liu (732) 991-1754 / jonathan.liu@tcb.org

SAN FRANCISCO, Jan. 10, 2022 — Uber (NYSE:UBER) and Visa (NYSE:V) today announced Grants for Growth, a program that will provide $1 million in grant funding to small businesses in 10 U.S. cities that are currently active on Uber Eats. The program will be administered by Local Initiatives Support Corporation (LISC). Focused on restaurant recovery and entrepreneurship, the program was created to support merchants when they need it most.

Uber and Visa Announce Grants For Growth
Uber and Visa Announce Grants For Growth
Grants can be used for all immediate needs including payroll, vendor debt, upgrading technology infrastructure, and more

“We know that this year has been trying for many and that independently-owned businesses continue to face significant business challenges. From natural disasters to the impact of the COVID-19 pandemic, Uber and Visa are committed to supporting SMBs, especially through unexpected events, when they may need us most,” said Sarfraz Maredia, VP of US and Canada Delivery at Uber.

Restaurants active on Uber Eats since January 1, 2022 in Atlanta, Chicago, Los Angeles, Washington DC, Miami, Detroit, the NYC metro/New Jersey area, the San Francisco Bay Area, Philadelphia, and Boston are eligible to apply for the program. Grant recipients will be independently selected by LISC, using criteria to give preference to veteran, minority, women, and LGBTQIA+ business owners. For a complete list of eligibility criteria visit lisc.org/uber.

“Independent restaurants are a vital and vibrant part of their communities, and the pandemic continues to impact far too many of them,” said Mary Ann Reilly, SVP and Head of North America Marketing, Visa. “Together with Uber, we’re proud to help give merchants the support and funding they need, now.”

“The United States Hispanic Chamber of Commerce applauds our partners at Visa and Uber for launching this important grant program. Small businesses, especially minority-owned businesses, continue to struggle to survive during this pandemic and are working to overcome new challenges,” said Ramiro A. Cavazos, President & CEO, USHCC. “As small businesses reopen their doors and look towards recovering, they need access to capital as well as resources and tools now more than ever before. This program comes at the perfect time.”

Through Grants for Growth, 100 merchants will receive grants of $10,000, which can be used toward immediate needs such as payroll, paying outstanding debt to vendors, upgrading payment technology infrastructure, and other immediate operational costs. In addition to financial support, selected merchants will receive placement in the Uber Eats app and disaster recovery and resiliency guides from Uber and LISC. Merchants interested in applying for the Grants for Growth program can apply at lisc.org/uber from January 17-24, 2022.

Additional details about eligibility and the Grants for Growth program can also be found at lisc.org/uber.

About Uber
Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Media Contact
Uber
press@uber.com

About Visa Inc.
Visa (NYSE: V) is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Media Contact
Visa
Kryssa Guntrum
press@visa.com

About LISC
LISC is one the country’s largest community development organizations, helping forge vibrant, resilient communities across America. We work with residents and partners to close systemic gaps in health, wealth and opportunity and advance racial equity so that people and places can thrive. Since our founding in 1979, LISC has invested $24 billion to create more than 436,320 affordable homes and apartments and develop 74.4 million square feet of retail, community and educational space. For more, visit www.lisc.org.

Media Contact
LISC
Colleen Mulcahy
colleen@mulcahycommunications.com

SOURCE Uber

BEIJING, Dec. 31, 2021 /PRNewswire/ — A news report by China.org.cn on the Chinese character of 2021: “Zhi,” meaning “governance,” was chosen as the Chinese character of 2021. In the “Daodejing” by ancient Chinese thinker Laozi, it says, “Governing a large state is like cooking a small fish.” How was China’s dish cooked in 2021?

Fish and vegetables are different, so naturally, different cooking methods are required. The same is true of governing a state. China has its own governance model. In 2021, China eradicated absolute poverty based on its realities: The country has a large population, diverse natural environments, and impoverished areas are usually with harsh natural conditions. Therefore, China took targeted measures based on each industry and each village, starting from each road and even each individual. Such a fact-based approach was also adopted in China’s COVID-19 response. China is densely populated, and people are exposed to a higher risk of infection compared to other countries. Meanwhile, people here pay particular attention to the epidemic situation, and are generally ready to respond to outbreaks for the sake of other people’s health and the operation of society. With these “raw materials,” China keeps increasing the vaccination rate, taking necessary precautions, and applying a “dynamic zero-COVID” strategy, which are “cooking methods” that suited to its national conditions.

A good dish needs careful heat control. Anyone who cooks knows that constant care is needed to keep proper heat level. In 2021, a herd of Asian elephants wandered north from Yunnan province; the status of wild giant pandas was downgraded from “endangered” to “vulnerable”; and the first batch of national parks including the Sanjiangyuan National Park and the Giant Panda National Park were set up in China… No ecological conservation measures can produce immediate results. These tasty ecological dishes are attributed to decades of “careful heat control.”

Seasoning is critical for the taste of any dish. In 2021, to remove the “foul odor” in cyberspace, China regulated algorithms, cracked down on malicious online content, and improved the cyberspace environment for minors. To make people’s lives sweeter, China implemented many initiatives such as offering elderly-friendly mobile applications and reforming its medical insurance system.

The adage from the “Daodejing” also applies to global governance. How countries handle issues such as climate change can affect the taste of the global banquet. From planting forests and providing subsidies for new energy vehicles to carbon trading, China is helping to tackle climate change using its own “cooking methods.”

Cooking skills can be refined through learning and practice. “Governing a large state is like cooking a small fish.” Perhaps learning from different cooking methods for various cuisines, and sharpening up through practices, more tasty cuisines can be expected.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

Governance: How did China ‘cook a small fish’ in 2021?
http://www.china.org.cn/video/2021-12/31/content_77963184.htm

SOURCE China.org.cn

CONTACT: Ni Jingjing, +86-10-8882-8131, pr@china.org.cn

ST. PETERSBURG, Fla., Dec. 29, 2021 — Duke Energy Florida is investing $200,000 in strategic economic development and recruitment programs across the state.

The Duke Energy Foundation grants will help communities across the state attract, build and grow businesses, as well as tackle emerging recruitment and workforce challenges.

“These community partners are delivering meaningful results for our state, and we’re proud to support their ongoing commitment to growing our economy and enhancing the quality of life for all residents,” said Melissa Seixas, Duke Energy Florida state president.

One of this year’s recipients is Enterprise Florida. The state economic development agency is receiving a $25,000 grant to provide the opportunity to host and further build relationships with site selection consultants and corporate real estate executives in attendance at the Team Florida events. These events will help to improve the perceptions of doing business in Florida and generate awareness of the opportunities in the state.

“Enterprise Florida is grateful for the continued investment and partnership in Team Florida,” said Destin Wells, Enterprise Florida Inc. senior vice president of business development. “This year is a renewal and resurgence of the state’s marketing cooperative, and Duke Energy has always been there with not just the financial support, but strategic thinking and leadership.”

Additional grants were awarded to the following organizations that help create vibrant economies in the communities that Duke Energy serves:

Statewide

Foundation for Chamber Economic Partnership – $5,000. The Foundation for Chamber Economic Partnership will create a website dedicated to marketing an industrial site.

Enterprise Florida – $25,000. Enterprise Florida will host Team Florida events to further build relationships with site selection consultants and corporate real estate executives.

Tampa Bay area

Citrus County Economic Development Council – $15,000. The Citrus County Economic Development Council will create a multi-tiered marketing campaign that will increase global exposure and economic development leads and win projects for the county.

City of Pinellas Park – $5,000. The City of Pinellas Park will update its economic development marketing materials, purchase and install new business retention software and cover costs for conference participation.

Pasco Economic Development Council Inc. – $10,000. The Pasco Economic Development Council will create a workforce development video showcasing its workforceCONNECT program and the talent pipeline in Pasco County.

Hernando County Board of County Commissioners – $10,000. The Hernando County program will target and recruit manufacturing and aviation/aerospace businesses to Hernando County through targeted meetings with projects considering relocation and/or expansion over the next 12 to 24 months.

Greater Orlando area

Foundation for Orlando’s Future – $50,000. The Foundation for Orlando’s Future program will launch the Property and Community Database to assist local governments searching for demographic information, small businesses looking for market research and out-of-region users exploring investment opportunities in the Central Florida market.

Highlands County Board of County Commissioners – $10,000. As part of its multiyear marketing campaign, the Highlands County Economic Development Office will target additional events such as the Commercial Drone and Unmanned Aerial Vehicle (UAV) Expo.

Lake County Board of County Commissioners – $10,000. Lake County will create a promotional video to showcase its premier location in Central Florida for business attraction and expansion. Elevate Lake and Lake County’s economic development office will collaborate with Visit Lake, Lake County’s tourism office, to produce the video.

Seminole County – $10,000. Seminole County will develop an integrated social media campaign and marketing collateral to mitigate the negative impacts to local businesses and bring much needed development and expansion resources to its community.

Greater Tallahassee; Gainesville area

Gainesville Area Chamber of Commerce Foundation Inc. – $10,000. The Gainesville Area Chamber of Commerce Foundation program will facilitate a marketing campaign that targets and solicits business and talent attraction to the Greater Gainesville region.

North Florida Economic Development Partnership Foundation Inc. – $20,000. The North Florida Economic Development Partnership Foundation will continue investigating strategic sites for economic development and identify a list of industries to target for recruitment.

Florida’s Great Northwest Foundation – $10,000. Florida’s Great Northwest Foundation will expand its “Go Beyond Our Beaches” campaign by creating additional marketing materials and connecting the messaging through events and places where site selection consultants and company executives will be.

Sumter County – $10,000. Sumter County will update its economic development website with new photos and major revisions, including new content and a refreshed website design.

Duke Energy Foundation

The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $30 million annually in charitable gifts and is funded by Duke Energy shareholder dollars. More information about the Foundation and its Powerful Communities program can be found at duke-energy.com/foundation.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.

Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50% carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2021 “World’s Most Admired Companies” list and Forbes’ “America’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Audrey Stasko
Cell: 315.877.3031
Media line: 800.559.3853

SOURCE Duke Energy

Related Links
www.duke-energy.com

PARIS, — Cheung Kong Graduate School of Business (CKGSB) and the United Nations Educational, Scientific and Cultural Organization (UNESCO)—represented by CKGSB Founding Dean and Professor of China Business and Globalization Xiang Bing and the Assistant Director-General of the UNESCO Africa Bureau Firmin Edouard Matoko—signed a memorandum of understanding on 3 December 2021. The partnership includes a program and forum aimed at empowering African government officials, young entrepreneurs and women leaders to foster economic disruption, social mobility and gender equality, and generate more unicorn companies with a focus on social innovation in Africa.

This partnership comes at the 65th anniversary of the opening of diplomatic relations between China and major African nations, with which trade reached $185.2 billion in 2021. As the second largest continent with a similar population size to China and rich ecological and mineral resources, Africa offers immense market potential.

China is noted for its substantive and continued economic disruption, defined by newly emerged large-scale companies and newly minted billionaires in the past four decades. Among the 217 Chinese unicorn companies generated between 2017 and 2021, according to CB Insights, 39 (18%) are founded or run by CKGSB alumni. “The idea of economic disruption is central to economic development and social harmony,” said Xiang, “as it is indispensable in generating upward social mobility.”

CKGSB has been working with key players since 2015 – Tencent, Baidu, JD.com, Microsoft, Softbank, Bytedance and Alibaba – to establish an ecosystem in China that focuses on developing unicorn companies. “Building on our success in China, we have extended this initiative to European and Middle Eastern markets (in partnership with Churchill College, Cambridge University),” explained Xiang, “and we are keen to expand to African markets.”

CKGSB and UNESCO’s program, tailored to the needs of African businesses, aims to “foster upward market disruptions through STEM for African entrepreneurs.” It seeks to cultivate leaders who promote social innovation, advance upward social mobility, and bring sustainable long-term benefits to Africa. The parties will share resources to help generate STEM talents, provide career development for the youth, and bring more opportunities.

The program also emphasizes the advancement of women leaders in Africa. It will launch the Women in Leadership Forum (African Edition) as a platform for establishing connections, empowerment and capacity building among African women leaders.

SOURCE Cheung Kong Graduate School of Business (CKGSB)

CONTACT: Jessica Wang, +44-7878770856