FirstHand students said their reasons for launching their own ventures ranged from wanting to stay busy to spiting naysayers: “‘Oh, you’re a business owner at your age?’ Like, yes.” | From: Technical.ly (Read more.)
Philadelphia has been selected as one of the host cities for the 2026 FIFA World Cup, which presents a great opportunity for black-owned businesses. With an estimated 5 million visitors expected to descend on Philadelphia during the tournament, there will be a huge demand for goods and services. Black-owned businesses that are able to tap into this demand could reap significant rewards. | From: Fun Times (Read more.)
$3 million federal grant to tackle disparities in Pa. unemployment compensation. | From: WHYY (Read more.)
Philadelphia ranks among the nation’s highest for wage taxes, and double-taxes its enterprises through the business income and receipts tax — the only major U.S city to do so. Employers and employees who choose to locate just outside of Philadelphia city limits often cite the two taxes as major reasons. | From: The Inquirer (Read more.)
The DAP started a social media campaign, #FundPhillyDefenders, highlighting the pay disparities. She notes that the gap grows when it comes to attorneys with longer tenures. | From: WHYY (Read more.)
Even amid a nationwide push for racial equity, a disconnect remains between Black nonprofit leaders in Philadelphia and the mostly white people who help decide the fate of grants and other funding, according to a new report. | From: Metro Philadelphia (Read more.)
“Too often,” the study says, “sensitivity to the issues of Black folks has a shelf life.” | From: Billy Penn (Read more.)
Following a mass shooting on South Street this weekend, Philly business owners will face the costly realities of yet another epidemic: “It has felt like small businesses have had to take on all of society’s problems all at once.” | From: Technical.ly (Read more.)
Akron and Cincinnati, Ohio and Philadelphia are using the purchase of land, housing and commercial properties as a means of countering the rise in parasitic capital as well as setting the stage for scaled homeownership and corridor initiatives. These efforts follow the maxim of Della Clark, president of The Enterprise Center in Philadelphia: “If you don’t have site control, you just have an opinion.” Significantly, new ideas around community equity corporations, districts and shares are emerging that, if structured and implemented well, could enable residents to benefit from economic revitalization of their communities. | From: The Philadelphia Citizen (Read more.)
“The American workplace is the only place where we can associate with people who aren’t like us,” said Frazier. “It’s important for business to drive this.” | From: The Inquirer (Read more.)
© Resolve Philadelphia
