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For Small Businesses Suffering from Current Economic Challenges, SCORE Provides Support

WASHINGTON, Aug. 2, 2022 - Small business owners continue to face challenges surrounding inflation, hiring, supply chain disruptions and labor shortages, according to recent SCORE data. In the wake of these obstacles, SCORE, mentors to America's small businesses and a resource partner of the U.S. Small Business Administration, offers support and guidance to navigate economic issues.

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SCORE provides small business owners a plethora of resources to guide them through these challenging times, including:

Small Business Resilience Hub

The Small Business Resilience Hub is a centralized

Mentor instructing younger business owner.
More Volunteers Needed to Support Cincinnati Small Businesses
In 2021, SCORE Greater Cincinnati provided free business mentorship to more than 1,000 new clients and helped start 224 small businesses, leading to the creation of 504 new jobs. The organization is recruiting business professionals and retired business professionals to help grow the impact on Cincinnati’s small business community.
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Rural Entrepreneurs Resource Hub Launched by SCORE Small Business Mentors

WASHINGTON, July 7, 2022 –  SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration has launched SCORE for Rural Entrepreneurs. This centralized hub provides rural small business owners with information, tools and personalized support to start and grow their business. 

Small businesses in rural areas have declined by 33% over the past 10 years, and still face struggles including declining populations, funding challenges and limited broadband access, according to a recent meta-analysis from SCORE. In fact, 39% of the U.S. rural population

Women in Brick Office building.
LGBTQ+ Entrepreneurs Positively Impact the U.S. Economy

WASHINGTON, June 15, 2022 – During Pride Month, SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration, is honoring the 1.4 million LGBTQ+ entrepreneurs throughout the country.

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LGBTQ+ small businesses contribute $1.7 trillion to the American economy each year, according to a SCORE meta-analysis. In addition, the LGBTQ+ community holds an estimated purchasing power of $917 billion dollars in the U.S.

“LGBTQ+ entrepreneurs play a vital role in the small business community,” said SCORE CEO Bridget Weston. “We want the LGBTQ+ community

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Rural Small Businesses Play Key Factor in American Economic Growth but Experience Roadblocks to Success

WASHINGTON, June 2, 2022 –  Small businesses with less than 50 employees provide 42% of all jobs in rural America, according to a meta-analysis from SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration.

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Small businesses contribute significantly to the health of rural economies but face a number of challenges, according to SCORE’s analysis, including: 

Declining population

  • Rural America recently faced its first-ever decade-long population decrease of nearly 300,000 people between 2010 and 2020. For small business owners, the

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TIP OF THE MITT SCORE SELECTS CIRCLE M MEAT AS CLIENT OF THE YEAR
Tip of the Mitt SCORE has selected Circle M Meat as the 2022 Client of the Year. The Client of the Year is selected by the local SCORE mentors from the clients served in the year prior. “Based on my personal experience, I think my SCORE mentors knocked it out of the park. They reignited in me the enthusiasm I had in the beginning by helping me shift my thoughts to something in my wheelhouse that will be easier and more profitable over the long term and provide a legacy for my kids," says Circle M owner, Jeff Gardner.
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Small Businesses Fight Back and Adopt New Strategies as Inflation Squeezes Profits

WASHINGTON, May 17, 2022 – Most small business owners (62.7%) report lower profits than expected over the past six months due to declining sales and higher expenses as inflationary pressures rise, according to new survey data from SCORE, mentors to America's small businesses and a resource partner of the U.S. Small Business Administration. 

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SCORE’s Spring 2022 Megaphone of Main Street: Inflation & the Economy report surveyed more than 1,000 small businesses on the current state of inflation; how turbulent economic factors have affected profitability, and what they have done to protect their

SCORE Small Business Mentors Launches Hub for Asian American and Pacific Islanders

WASHINGTON, May 10, 2022 – In honor of Asian American, Native Hawaiian and Pacific Islander Heritage Month, SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration, has launched SCORE for Asian American and Pacific Islander (AAPI) Entrepreneurs. This centralized hub provides the AAPI community with information, tools and support to start and grow successful small businesses. 

SCORE AAPI

SCORE saw a 60% increase in mentoring requests for the AAPI small business community in 2021 over the previous year. As a result, SCORE mentors provided more than

SCORE Small Business Mentors and SBA to Co-Host National Small Business Week Virtual Summit May 2-5

WASHINGTON, April 29, 2022  -- SCORE, mentors to America's small businesses, is co-hosting the 2022 National Small Business Week Virtual Summit, "Building a Better America Through Entrepreneurship," with the U.S. Small Business Administration from May 2-5. 

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This year's Virtual Summit will celebrate and honor the resiliency of entrepreneurs throughout the country who are doing their part to power the nation's historic economic comeback.

The free, four-day event will provide small business owners access to federal resources, educational workshops, online business tools and the opportunity

Small Business Concerns Around Inflation Grow As Prices Soar and Economic Instability Continues

WASHINGTON, April 12, 2022 – Nearly one in three (30.5%) business owners report feeling extremely worried about inflation and rank it as a top business concern and another 62.5% say they are generally concerned about inflation and are keeping an eye on rising prices, according to new survey data from SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration. 

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SCORE’s Spring 2022 Megaphone of Main Street: Inflation & the Economy report surveyed more than 1,000 small business owners on how they felt about the current economy and inflation


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