Color Of Money

ABOVE PHOTO: A unknown person holding a sign for the raise of minimum wage at a site at protest. (The Bohemian Lens / Shutterstock) By Michael O’Connor I’m a small business owner, and I strongly support raising the minimum wage to $15. Paying employees wages they can live on is good business. I own La…

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By: Teresa M. Lundy As a business owner, you always have to be looking for additional opportunities to grow your business. If your business is 51% (or more) owned by an African American, Asian, Hispanic or Native American individual, or you are a woman, you should consider becoming a certified Minority Business Enterprise (MBE) and/or…

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The education nonprofit’s COVID-19 Emergency Tuition Fund distributed more than 1,500 grants. Children’s Scholarship Fund Philadelphia (CSFP), a program providing financial access for children from under-resourced Philadelphia families to attend K-8th grade tuition-based schools, has announced it has distributed more than $1 million in tuition aid through more than 1,500 grants to families suffering financial…

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Seven efficient home improvement projects Family Features The best home upgrades not only make spaces more livable and energy-efficient but are also cost-effective. Making energy-efficient improvements is a savvy way to save money on utility bills, curb energy usage and add to the house’s value. Consider a variety of home improvement projects, both big and…

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Editor’s note: Introducing the SUN’s new financial column, The Business Corner with Teresa M. Lundy, principal and founder of TML Communications. Teresa M. Lundy In the final days of Donald Trump’s presidency, his lawyer Rudy Giuliani was sued for $1.3 billion by Dominion Voting Systems, which manufacturers voting machines for elections in the United States…

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BPT  The earlier kids start learning basic financial skills, the better their financial health in the long run, according to research. When it comes to teaching kids about money, caregivers are asking for help. In fact, 32% of parents are uncomfortable speaking about finances with their own children and 46% are looking for additional resources…

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BPT COVID-19 has irrevocably altered the way that we do business. Some small businesses have floundered, while others have completely reinvented themselves. In a recent survey by SCORE, just 34% of U.S. small business owners now categorize their companies as profitable, compared to 55% in 2019. As a result, they’re working hard to adapt –…

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ABOVE PHOTO: Ron Busby, president and CEO, U.S. Black Chambers, Inc.  (Photo/usblackchambers.org) By Joyce M. Rosenberg and Justin Myers ASSOCIATED PRESS  NEW YORK — Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged…

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Five tips for building (or rebuilding) your emergency savings Family Features The new year provides an opportunity to re-evaluate different aspects of your life, and that includes your budget and savings habits. Planning for emergencies by building – or rebuilding if the COVID-19 pandemic required making a withdrawal – a savings account to withstand the…

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BPT The COVID-19 pandemic has been difficult on small businesses. Whether it’s a local eatery, service provider, retail store or another type of business, when you shop small, you’re supporting a real person who is striving to keep his or her entrepreneurial dream alive. “Small businesses are the heart of our country and at the…

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