Micro, small, and medium enterprises (MSMEs), which are the socio-economic backbone of most countries, have been disproportionately affected by the COVID-19 pandemic.
Governments, development agencies, philanthropic foundations, and corporates have all announced several short-term measures to support MSMEs. Most of these welcome interventions are, however, largely stopgap arrangements at best. For the most part, they do not address the medium-term structural challenges and the fundamental vulnerabilities to future stresses that MSMEs will continue to face.
February 20, 2020, /3BL Media/ - The Greenlee County Community Investment Fund recently selected the recipients and awarded more than $160,000 in grants to local communities and non-profit organizations.
The Greenlee County CIF is overseen by a committee of community leaders assembled by the Freeport-McMoRan Community Partnership Panel, to identify and address community needs in health care, education, environment, economic development and transportation.
Caterpillar and its products support economic growth around the world, both in developed countries, where aging networks need improvement, and emerging regions, where new infrastructure is required. The company's products help ensure that investments in transportation, energy, telecommunications, waste and water infrastructure produce maximum benefits. Read more about how Caterpillar supports these investments.
Largest bank employer in Metro Detroit doubles down on small business in the Motor City
DETROIT, June 7, 2019 /3BL Media/ - Comerica Bank, the longest-serving bank in Michigan for 170 years, is excited to announce a new, $100,000 donation to the winner of the 2019 Comerica Hatch Detroit Contest. The record amount in startup funds will go toward opening a brick and mortar business in Detroit, Hamtramck or Highland Park. In addition to Comerica’s $100,000 investment, the bank will also double its organizational support to Hatch Detroit with a supplementary $40,000 donation.
$1 million commitment in 2019 shared by 8 nonprofits to support neighborhood revitalization, economic development and job creation in local municipalities
SAN FRANCISCO and WASHINGTON, January 28, 2019 /3BL Media/ - The U.S. Conference of Mayors and Wells Fargo today announced the 2019 CommunityWINS® grant program, aimed at accelerating neighborhood revitalization, economic development and job creation in municipalities across the U.S., with a $1 million commitment by the Wells Fargo Foundation.
In a ceremony held on Thursday, November 15, Cheniere Energy celebrated the production of the first LNG from its Corpus Christi Liquefaction plant in Texas. The project will continue through commissioning to deliver the first cargo of LNG at the first greenfield LNG export facility in the United States in nearly 50 years.
Small businesses are the biggest generator of jobs in America, making up nearly half of all private sector employment. Yet many of those small businesses have been locked into local—and sometimes depressed—markets. Nearly 75 percent of small businesses don’t have any e-commerce presence, and less than 2 percent of U.S. small businesses export.