Half of small businesses would apply for another PPP loan
A survey from the Alabama chapter of the National Federation of Independent Business says half of the state’s small businesses would apply for another Paycheck Protection Program federal loan if it were available. About 75% of those surveyed said they had applied for and received a PPP loan the first time around. – AL.com
Delta Regional Authority invests $28 million into Black Belt
The Delta Regional Authority has invested $28 million into 94 economic development projects in Black Belt communities across Alabama and the Delta. The money is for various projects, including water and sewer system improvements and broadband expansion. – Selma Times-Journal
Alabama A&M students win HBCU business plan pitch competition
A team from Alabama A&M University beat out six other historically Black colleges and universities to win the Moguls in the Making business pitch competition, hosted by Detroit-based Ally Financial Inc. The team’s idea for a mobile grocery store to help with food accessibility in Detroit earned each team member an internship with Ally and a $10,000 scholarship. – Detroit Free Press
Study: $36,300 salary needed to afford home in Alabama
Alabama is the 5th least-expensive state for home affordability, with a minimum salary of $36,286 needed to afford a home in the state, according to a study by the Cost Guys. The study used public data sources on income and housing data. – The Cost Guys
