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Small Business News | Venmo’s $10,000 business grant, Prime Day sales, new SBA program

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VenmoPaypal has launched its second annual Venmo Small Business Grant program, offering $10,000 in cash and mentoring opportunities to 20 Venmo business profile customers. The program aims to help small and growing businesses with expenses like rent and digital transformation, as well as promoting startup companies in communities that are underrepresented. This is in hopes of advancing racial equality and fostering a more inclusive economy. Businesses can apply by August 7, 2023, and you must have a Venmo business profile to be eligible. Read More

SBAOn July 17, the U.S. Small Business Administration launched its Military Spouse Pathway to Business Program. It offers courses both in-person and online to military spouses, setting them up with essential skills to start, run, and grow their businesses. SBA district offices and resource partners will provide military spouse entrepreneurs with things like access to financial resources, federal contracts, counseling, training, and disaster support. To learn more, contact your local SBA district office or Veterans Business Outreach Center. Read More

With this new feature, SMBs can establish pricing for their services, and offer clients the convenience of booking and paying through Google Calendar.Fintech company Stripe has partnered with Google Workspace to enhance appointment bookings through Google Calendar for small business owners. The new integration allows customers to conveniently make payments while scheduling appointments using Stripe Checkout and Stripe Connect. Small businesses can link their Stripe account, set service prices, and offer a seamless booking and payment process through google calendar. Stripe Checkout supports over 40 payment methods to improve the overall user experience and increase business revenues. Read More

On the first day of this year's Prime Day event, Amazon saw its highest sales volume ever, setting a new milestone for small businesses.  July 11, the start of Amazon’s Prime Day event became the retailer’s biggest sales day ever. Small businesses saw record-breaking sales with more Prime day deals than in previous years. The introduction of “Buy with Prime” enabled U.S.-based Prime members to shop from participating brands’ websites, resulting in a ten-fold increase in daily orders and an eight-fold surge in daily revenue for merchants. This success highlights how online marketplaces help small businesses thrive and drive digital transformation in the economy. Read More

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