When the Paycheck Protection Program rolled out in April to help small businesses struggling through the coronavirus crisis, many companies found the loan application process confusing. Square Capital, the loan division of Square (the company behind those little white credit card readers), developed a user-friendly PPP application by breaking down information into quick, at-a-glance details: a series of questions that would steer applicants toward the correct tax and payroll documents. As of mid-June, Square had submitted $873 million in applications to the Small Business Administration on behalf of 80,000 applicants. “Small businesses should not have to struggle to receive the support they need,” says Sam Khalsa, product design lead for Square Capital. … [Read more...] about How Square Capital created an easier loan application during COVID-19
When was silicon valley created
On, which holds 40% of the Swiss market, now claims the U.S. as its biggest market and logged its highest e-commerce sales to date in June. The company is known for its high-performance sneakers, which has drawn professional athletes to choose them as their brand of choice; in November, Roger Federer joined the company as an investor and design consultant. At under 200 grams, the new shoe is lightweight and comfortable, and so it still performs as an elite running shoe, says Viviane Gut, On’s head of sustainability. The two goals don’t have to be opposites. “I really would love to prove that sustainability and performance are actually complementing each other.” … [Read more...] about You can only get Swiss running brand On’s new recyclable shoes via subscription
That conjecture gave rise to the alliance’s report, authored by British sports journalist David Goldblatt. It notes how specific sports have been physically affected by climate change, as playing fields and grounds are devastated by rising temperatures. In the 2010 Winter Olympics, the Vancouver organizers said that “the warmest weather on record . . . challenged our ability to prepare fields of play for athletes in the venues at Cypress Mountains.” But four years later, athletes were even more affected in Sochi, as the courses were bare or sludgy, to the point that many competitors couldn’t finish their races. The Sochi Paralympics generated six times more injuries than Vancouver’s. … [Read more...] about Will people care about climate change once it starts ruining sports?
“We are interrogating our policies and procedures,” says Frank Altman, CEO of one of the CDFI partners, Community Reinvestment Fund. “And I think every financial institution in the country needs to be doing that, to see where is the hidden bias in our lending that is unintentionally excluding, or perhaps intentionally excluding, otherwise qualified individuals and businesses from receiving capital.” Mastercard will help the CDFIs to digitize their application processing so that the capital, primarily in the form of microloans, can be disbursed more quickly and in a scaled manner. The company will also make deposits to CDFIs, credit unions, and Black-owned depository institutions to strengthen their reserves. … [Read more...] about Mastercard will spend $500 million to expand financial access in Black communities
Additionally, some states have closed polling places on reservations in recent years, requiring people in states such as Alaska and Arizona to travel for hours to reach their closest sites in towns that border their reservations. In 2018, members of the Kaibab Paiute tribe in Arizona had to drive 280 miles each way to their polling place. Others have to travel 100 miles just to register to vote. … [Read more...] about Native Americans are facing voter suppression. This resource wants to help them overcome it