ChamberNews - September 3, 2021

©/2021/SHCCNJ SEPTEMBER 3, 2021

The latest business news, opportunities, events and announcements

Save the Date!

2021 AWARDS GALA

THURSDAY, DECEMBER 9, 2021 For sponsorship opportunities contact: Lizbeth Castillo at lcastillo@shccnj.org REACH 22,000 OF NJ'S

MOVERS AND SHAKERS

Become the "POWERED BY" Newsletter Sponsor contact: alopez@shccnj.org

IN THIS ISSUE

Que Pasa NJ Must Watch Episode 2021 Awards Gala Duran Enterprises 2021 Healthcare Expo 2021 Expo Latina Overcoming Internal Barriers Meet The Diverse Chambers of NJ Hispanic Heritage Month And The New York Yankees Why Microloans?

Employment Opportunities

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Join us in celebrating our Latina Cultura this Hispanic Heritage Month!

We seek to create a platform of allyship in support of multicultural BIPOC women, by ensuring participation and inclusion via Cannabis education and economic advancement.

Our expert panel speakers will provide information on access to the emerging Cannabis industry within the regulatory and licensing frameworks set by the states of NY and NJ. Programming will focus on various opportunities for professionals, entrepreneurs, and anyone seeking information on cannabis across licensing areas.

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8:00-11:30AM | ADELPHIA RESTAURANT, DEPTFORD, NJ MORE

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News Release

TRENTON, N.J. (August 11, 2021) – The New Jersey Economic Development Authority (NJEDA) Board today approved rules for the Main Street Recovery Program. Created under the Economic Recovery Act of 2020 (ERA), the Main Street Recovery Program is a $100 million small business support program that will fund multiple financial assistance products aimed at supporting the growth and success of small businesses in New Jersey.

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WHILE ENTREPRENEURS OF COLOR AND WOMEN ENTREPRENEURS PLAY A CRITICAL ROLE IN OUR NATION’S OVERALL ECONOMIC HEALTH, RACIAL ECONOMIC INEQUALITY HAS REACHED STAGGERING LEVELS IN THE UNITED STATES. IT WOULD TAKE THE AVERAGE BLACK FAMILY 228 YEARS AND THE AVERAGE LATINX FAMILY 84 YEARS TO ACHIEVE THE LEVEL OF WEALTH THAT WHITE FAMILIES HAVE TODAY. [1] SUCCESSFUL ENTREPRENEURSHIP CAN HELP CLOSE THIS GAP. UNFORTUNATELY, THE SUCCESS OF BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) AND WOMEN OWNED FIRMS IS OFTEN STYMIED BY THE MANY BARRIERS THEY FACE IN ACCESSING CAPITAL. BIPOC FIRMS, REGARDLESS OF GENDER, SHOW LOWER AVERAGE REVENUES AND LOWER PROFIT MARGINS. LOWER LEVELS OF WEALTH, BARRIERS IN ACCESSING EXTERNAL FINANCING, AND THE LEGACY OF OCCUPATIONAL SEGREGATION HAVE LED TO A MUCH HIGHER CONCENTRATION OF BIPOC AND WOMEN-OWNED FIRMS IN INDUSTRIES WITH LOW BARRIERS TO ENTRY, BUT ALSO LOWER REVENUES AND PROFIT MARGINS. LOWER REVENUE AND LOWER MARGINS MEAN LESS ABILITY TO SERVICE DEBT – MEANING THAT THESE FIRMS TYPICALLY NEED SMALLER LOANS. THE DATA BELOW FROM THE JPMORGAN CHASE INSTITUTE SHOW THE MEDIAN REVENUES OF BLACK AND LATINX-OWNED FIRMS (RELATIVE TO WHITE-OWNED FIRMS) IN THEIR FIRST FIVE YEARS. THE RELATIVELY SMALL MEDIAN REVENUES FOR THESE FIRMS DIRECTLY CORRELATE TO THEIR ABILITY TO ABSORB DEBT. MORE

Rx Savings Solutions gives customers options to cut out-of-pocket expenses.

What if lowering your prescription costs didn’t mean spending time on the phone, visiting multiple pharmacies to compare prices or taking medicine your doctor didn’t think was the most effective?

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The NJ LGBT Chamber is excited to host a two-part roundtable series designed to engage LGBT-, small-, minority-, women-, disability-, and veteran-owned businesses, educate them about available certifications which would help them get more equitable access into corporate and government procurement streams, and encourage them to join local diverse Chambers/organizations in NJ. RSVP

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EMPLOYMENTOPS

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Job Description NJ Advance Media is looking for an Events Coordinator to assist with the planning and execution of scheduled sponsored events including conferences and webinars, educational programs and consumer events. The Events Coordinator is responsible for coordinating the logistics for each event, including monitoring ticket sales, acting as speaker and sponsor liaison, and maintaining lists and databases.

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