MAE ANDERSON

New York-based reporter covering small business.

Spending at small businesses rose in July as consumers spend more on general merchandise

Consumers spent more at small businesses in July, a rebound fueled by strong sales of general merchandise and health and personal care products.

Summer tourists flock to boardwalks and piers while sticking to their budgets

Small businesses along popular vacation destinations like boardwalks and piers in the U.S. say the number of tourists flocking to the waterfront is back to normal, meaning pre-2020 levels.

Susan Wojcicki, former YouTube CEO and longtime Google executive, has died at 56

Susan Wojcicki, the former YouTube chief executive officer and longtime Google executive, has died. Her husband, Dennis Troper, said in a statement posted on social media late Friday that Wojcicki, who was 56, has died after suffering with non small cell lung cancer for the past two years.

The Small Business Administration expands clean energy loan program

The Small Business Administration is looking to attract lenders to finance small businesses’ clean energy projects.

A ‘side hustle’ can be a way to try out a new business idea before jumping in all the way

A “side hustle” can be one way to try out a new business idea before taking a full-fledged jump. Nearly 1 in 3 Americans earn money on the side in addition to working full time, a Bankrate survey found.

As hurricane season begins, here’s how small businesses can prepare in advance of a storm

The hurricane season roared into the U.S. with Hurricane Beryl hitting Texas in early July. And NOAA is predicting an above-average storm season this year.

Summer pause: Small business sales growth tapers in June as consumers take a breather on spending

Small business sales growth slowed in June as consumers took a pause on spending. That’s according to new data from financial services and payments provider Fiserv.

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses. The Bank of America Institute found that average monthly rent payment growth for the bank’s small business clients rose 12% year-over-year in May.

Small businesses could find filing for bankruptcy more difficult as government program expires

A type of bankruptcy protection filing that made it easier for small businesses to seek relief has expired, which will complicate filing for small businesses with more than $3 million in debt.

Summer hours are a perk small businesses can offer to workers to boost morale

With summer having gotten off to a scorching start, workers across the country may be dreaming of a seaside escape or cutting out early to watch a movie in an air-conditioned theater.

Small Business Administration offers $30 million in grant funding to Women’s Business Centers

The Small Business Administration will offer $30 million in grant funding for Women’s Business Centers for a variety of projects, including funding to open a center in the U.S.

IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper.

Business owners increasingly worry about payment fraud, survey finds

Small businesses are increasingly concerned about payment fraud. In a recent survey from KeyBank, 44% of small business owners said they worried about unauthorized transactions or unauthorized electric fund transfers; 37% were concerned about identity theft; 28% said malware and ransomware attacks w

What the new ‘buy now, pay later’ rule means for small businesses offering the service

“Buy now, pay later” services are a popular way that shoppers pay for goods. Because shoppers like the service, offering it can be a plus for a small business.

Book Review: Glamour and tragedy intertwine in Griffin Dunne’s memoir ‘The Friday Afternoon Club’

Actor and producer Griffin Dunne grew up in New York and Los Angeles with the glitterati all around.

Book Review: ‘Miss May Does Not Exist’ is an engaging study of enigmatic Hollywood figure Elaine May

Groundbreaking comedian, writer and filmmaker Elaine May charted her own fearlessly original path in Hollywood and the theater world throughout decades.

Summer hours can be a way for small business owners to boost employee morale and help combat burnout

As the temperature heats up and summer approaches, small business owners may be considering offering summer hours, such as an early release on Fridays, for employees to help combat burnout.

Find out how much a CEO makes compared to their workers

Search for any CEO or company to compare their executive pay package with shareholder returns.

Minority Business Development Agency’s acting head on what’s next for the 55-year-old agency

The Minority Business Development Agency serves the nation’s nearly 10 million minority business enterprises.

More women made the list of top paid CEOs in 2023, but their numbers are still small compared to men

More women are reaching the top ranks of the corporate suite of S&P 500 companies, but their numbers are still miniscule compared to their male counterparts.

CEOs made nearly 200 times what their workers got paid last year

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets.

Layoffs can be part of running a small business. Some tips for owners on handling them

With stubborn inflation and higher costs, layoffs at small businesses are sometimes a necessity. U.S.

The Justice Department is suing Ticketmaster and Live Nation. What does that mean for concertgoers?

More competition could lead to cheaper tickets. But experts say live event lovers shouldn’t expect changes any time soon.

Small business owners are more undecided about the election than the general public

Small business owners are more undecided about the election than the general public. That’s according to a new survey by Goldman Sachs 10,000 Small Businesses Voices.

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France.

Ten federal agencies receive ‘A+' in annual scorecard measuring small business contracting goals

NEW YORK (AP) — Federal grants can be a huge boost for small businesses. And some federal agencies do better at giving grants to small businesses than others.

Deadline for businesses to apply for their share of massive credit card company settlement looms

A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard.

Fraudsters target small businesses with scams. Here are some to watch out for

It’s never fun to be scammed, but if you’re a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.

How US changes to ‘noncompete’ agreements and overtime pay could affect workers

For millions of American workers, the government took two actions this week that could bestow potentially far-reaching benefits.

Cyberattacks are on the rise, and that includes small businesses. Here’s what to know

Cyberattacks on businesses are rising, including small businesses. It’s a troubling trend because a breach can be very costly and time consuming if owners don’t have a plan to deal with one.

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