Government entities Is here now to aid Small enterprises — Until It’re also Cooperatives
The tiny Business Administration’s rules avoid it off helping really personnel- and you may individual-had cooperatives, in the event Congress specifically questioned it so you’re able to. The outcome? Co-ops was mainly cut out of one’s traditional financial system.
- Coronavirus
- Smaller businesses
ProPublica is actually a great Pulitzer Award-profitable investigative newsroom. Sign up for The big Tale publication to get stories such this one on your inbox.
You may still find no food markets around the an extensive swath away from northern Flint, Michigan, where a beneficial Kroger and you can a beneficial Meijer finalized immediately after direct is actually found within the water into the 2014.
Therefore Reginald Flynn, an area pastor and you may area activist, convened some people on the auditorium from a rent college the guy runs to fairly share performing a food market. The guy desired to start an excellent collaborative – a community-had providers not limited by the newest decisions away from a massive grocery chain – and you will first started offering shares in order to neighbors at $250 each. But he still expected far more startup currency and had zero achievement bringing a mortgage.
Then, a neighbor hood regulators formal told your about the government Small business Management, and therefore guarantees financing to help you brief enterprises. …
Government entities Is here now to aid Small enterprises — Until It’re also CooperativesLeia mais »
Government entities Is here now to aid Small enterprises — Until It’re also Cooperatives Read More »
WhatsApp