1 month ago

Diverse businesses ‘critical’ to success of Birmingham

African American entrepreneurs were encouraged to embrace growing business opportunities during the start of the 16th Annual A.G. Gaston Conference at the Birmingham-Jefferson Convention Complex on Tuesday morning.

A panel of business leaders shared with attendees a variety of opportunities. Bob Dickerson, executive director of the Birmingham Business Resource Center and host of the conference, said Birmingham has plenty of opportunities available.

“There are a lot of opportunities that are happening in our city, created by The World Games, expansion of the airport, transit – we’re about to build a stadium, and that, in addition to all of the regular stuff that goes on, says that there are tremendous opportunities for small, minority and diverse businesses,” Dickerson said. “We just wanted to put that out there and try to do what we can as the A.G. Gaston Company to help people do more business in the city of Birmingham.”

Business leaders encourage African American entrepreneurs at 2020 A.G. Gaston Conference from Alabama NewsCenter on Vimeo.

Dickerson said the Birmingham region is about 30 percent black or brown, but black and brown companies and entrepreneurs only generate about 1 percent of the total spend.

“We have to change that,” Dickerson said. “We need to make sure we understand it and our stakeholders, major corporations, big procurers have to understand that it’s in everybody’s best interests that we grow African American businesses.”

Glenda Thomas, Supplier Diversity manager at Alabama Power, said investing in the services of suppliers helps more than the business.

“For every million dollars that a corporation invests and pays you for your services, that creates 14 jobs,” Thomas said. “We’re changing the narrative about supplier diversity, economic inclusion, where we’re making an impact in our communities.”

David Fleming, president and CEO of REV Birmingham, said small businesses have a tremendous opportunity to thrive.

“In the last decade, we have seen a lot of change in our city,” Fleming said. “Our city center went from having 5,000 people living in it to over 13,000 people and growing. That’s opportunity. Those people need services. They need businesses to serve them. I believe there’s a lot of great days ahead of us in Birmingham and we’re happy to be a part of it with all of these great friends up here to build our city.”

Marcus Lundy, senior vice president and Supplier Diversity manager for Regions Bank, said small businesses can become suppliers to larger businesses, but only with assistance.

“There are three legs to the stool in what we do with supplier diversity: access to opportunities, access to capital, and training and development,” Lundy said. “That’s why we’re here, to share those nuggets with you.”

Melodi Morrissette, Community Relations executive for the East region of BBVA, said educating small business owners is important.

“Our small business curriculum has five modules in there and we’re looking for opportunities to come to you and share one of those modules, such as developing a business plan or how businesses obtain credit,” Morrissette said. “Access to capital has been named one of the biggest needs for small business owners.”

Fred McCallum, interim president and CEO of the Birmingham Business Alliance, said BhamBizHub was created to help small businesses and minority-owned businesses connect with people who need their services.

“The goal of the BhamBizHub is to create a place where we can connect small businesses, minority-owned businesses to resource providers,” McCallum said. “If you’ve got services you can provide to those businesses, we would be interested in talking to you.”

Ronald Mathieu, president and CEO of the Birmingham Airport Authority, said his organization is one of those resource providers that needs a robust supply chain.

“We exist to be an engine for this community,” Mathieu said. “The more successful we are, the more money we are ultimately able to put into this community, and the better and healthier the community is.”

Irvin Henderson, president of Henderson and Company, said his company is in Birmingham on purpose.

“We chose to come here because Birmingham is the next hot thing,” Henderson said. “Not here by mistake. Here on purpose.”

The entire panel discussion can be viewed in the video below.

Watch the Business Corner Opportunity Forum at the 2020 A.G. Gaston Conference from Alabama NewsCenter on Vimeo.

(Courtesy of Alabama NewsCenter)

13 hours ago

Website seeks to connect still-operating local restaurants with Alabama customers

The Alabama Restaurant and Hospitality Association (ARHA) has created a website to try and connect local restaurants with Alabama consumers.

The precautions being taken to slow the spread of the coronavirus have devastated the restaurant industry. A website that tracks the industry estimates that 3% of America’s restaurants have permanently gone out of business since the virus began spreading in the United States.

The website created by ARHA — carryoutal.com — is seeking to prevent that fate for restaurants in Alabama. Visitors are asked to select Carryout, Curbside or Delivery and the site then provides them with the options in their area.

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The site currently has around 300 restaurants in its database.

There is an option for any locally-owned business to list their establishment for free.

“Most restaurants in Alabama remain open and they need your support more than ever,” says the website’s description.

The site assures any skeptical customers, “While recent governmental orders and recommendations to limit social gatherings have forced restaurants to change the way they operate, the commitment to food safety and sanitation has not changed.”

The ARHA has also created a fund to provide relief for hospitality workers across the state. As of 2:45 p.m on Tuesday, it has raised $1,810 of its $100,000 goal.

Contributions to the fund are tax-deductible.

The description of the fund reads, “On March 19, 2020, restaurants and bars across the state were ordered to close dining area service to the public in an effort to slow the spread of coronavirus. The shutdowns have catastrophically impacted the restaurant and hotel industry.”

Those interested in donating can click here.

Henry Thornton is a staff writer for Yellowhammer News. You can contact him by email: henry@yellowhammernews.com or on Twitter @HenryThornton95.

13 hours ago

Treasury Department issues guidance for small businesses seeking relief funds

The U.S. Treasury Department released new information on Tuesday afternoon for small businesses affected by the COVID-19 crisis. The resources distributed by the agency provide guidance on how to tap into the $340 billion pool of relief funds set aside for the small business sector.

Under the Small Business Administration’s (SBA) Paycheck Protection Program, businesses with fewer than 500 employees are eligible to receive the lesser of $10 million or 2.5 times its payroll over the period of several months.

Banks will distribute the funds in the form of loans granted under criteria contained in the law. Loans may become available as soon as Friday, April 3.

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Call your banker

That is the advice the Treasury Department is giving to small businesses.

The chairman of the Alabama Bankers Association has stated that banks in his state are ready, willing and able to immediately assist with the small business sector’s recovery.

“Banks in our state are already very familiar with helping customers access SBA funding,” said David Nast, president and CEO of Progress Bank and Trust. “Nearly 94% of banks headquartered in Alabama are SBA-approved lenders, and that number could easily grow higher over the next few weeks.”

RELATED: Alabama banks preparing to assist small businesses with recovery — ‘Call your banker’

Nast echoed the Treasury Department’s advice that interested small businesses should promptly contact their bank.

“Regardless of how banks are interacting with their customers, our advice for individuals and small businesses has been to put ‘Call Your Banker’ near the top of the to-do list,” Nast emphasized.

Info for small businesses

The Treasury Department is maintaining a comprehensive website for those seeking information about the economic stimulus programs it is administering.

Within the site are documents for small businesses to better understand the programs designed for them and how to apply for funds:

Overview of the Payroll Protection Program

Paycheck Protection Program Information for Borrowers

Application for Borrowers

Paycheck Protection Program Information for Lenders

Tim Howe is an owner of Yellowhammer Multimedia

14 hours ago

Jeff Sessions has a clear message for China: The world knows your communist regime is culpable for the Wuhan coronavirus

Former Attorney General and U.S. Senator Jeff Sessions seems to have a clear message for China: The United States will not take your Godless, communist regime’s lying and cheating anymore.

During an appearance on WVNN this week, Sessions said the United States and the world know that China covered up the origins and spread of the virus for months, and we know they are now engaging in a disinformation campaign to shed their culpability.

Sessions on Monday’s broadcast of “The Dale Jackson Show” took some strong punches at China, saying, “It’s a duty we have to explain to the American people, and to the world, really, the danger of this kind of government. It cannot be the dominant government in the world, it will not be if we stand up to it.”

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Sessions acknowledged that we have allowed this to happen with weak trade and foreign policy. He noted the reaction of the world would be far different if America was responsible.

“Imagine an American company, or American government, had learned about this virus and sat on it for weeks and allowed the world to be infected,” he stated. “I mean, the world would be in an outrage.”

But what can be done?

If elected to his old Senate seat, what will he specifically work to do?

Sessions isn’t the first politician to point out that we can’t allow China to dominate the markets of critical supplies and infrastructure needs, such as medical supplies and high-speed internet.

Specifically, Sessions outlined, “This is one where we need to send a message to China. No. You’re not gonna supply our medicines. Especially when you say you might cut them off. You’re not gonna supply our 5G high tech communications system, high speed. We’re not gonna let you dominate that.”

My takeaway:

This is nothing new for Jeff Sessions.

He has long been a leading critic on China for most of his career. He was calling for us to get tough on China before anyone else even cared.

The world has been too soft on China, and the United States has an obligation to end that. This is our wakeup call. This isn’t about trade, it is about the lives of Americans, which Sessions correctly noted that China’s state-run press has threatened.

America has an obligation to make sure the world knows this coronavirus is the fault of China and punish them for unleashing this on the world.

The coronavirus pandemic proves Jeff Sessions has been correct on China for decades. They lie, cheat and steal to achieve world dominance. He is also right when he says we cannot allow this to continue and our allies around the globe can’t keep turning a blind eye to it or they will win.

China has a plan to continue to dominate globally, and we need people that understand it and know how to combat it at the forefront of this fight.

Listen:

Dale Jackson is a contributing writer to Yellowhammer News and hosts a talk show from 7-11 am weekdays on WVNN.

14 hours ago

Friends launch Local Distancing to support Birmingham businesses

Three friends in Birmingham were wrestling with a major dilemma created by the coronavirus pandemic: How can you lend support to your favorite restaurants and local businesses while maintaining the proper social distancing practices?

Their solution — a pay-it-forward approach. Local Distancing, an online platform, allows customers to help these Birmingham area enterprises pay their staff, cover overhead and survive the crisis without having to leave the security of their home.

Through the Local Distancing web site, consumers can purchase gift certificates from a wide range of restaurants, breweries, retailers and other Birmingham businesses. The site also includes links to GoFundMe accounts for displaced workers.

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The initiative appears to have struck a chord in the community, with more than 4,000 unique visitors in the first week eager to support more than 150 Birmingham businesses listed on the platform.

“Local businesses are the heartbeat of the Magic City, and they need our help during these challenging times,” said Vince Perez, a senior project manager at the Alabama Department of Commerce and one of the initiative’s founders. “This is a way that all of us can let local business owners and their employees know that we’re in their corner during this crisis.”

The way Local Distancing’s founders see it, buying online gift certificates represents the most practical way for loyal customers to support their favorite local businesses right now while remaining at their homes.

The web site does not charge businesses to participate and will not receive any portion of the gift card purchases. Moreover, it works with gift card processing companies like Square and Gift Up! that provide money immediately to businesses, instead of when the certificates are redeemed.

Instagift, a Birmingham-based firm that provides electronic gift card services to local businesses, is also supporting the effort by waiving monthly fees for new sign-ups and providing promotion on its social media.

Joining Perez in launching Local Distancing are Dylan Spencer, a web developer who built the site and founder of a marketing firm bearing his name, and Trey Oliver, an attorney at the Bradley Arant law firm. The three are childhood friends and all attended Auburn University.

“We all wish we weren’t in this situation, but here we are,“ Spencer said. “Thankfully, hard times have their way of bringing people together, and I believe this will somehow make Birmingham stronger. All we can do for now is stay home, stay healthy, and take care of our city – especially the businesses and restaurants that make it special.”

Local Distancing may just be the perfect substitute for an upcoming anniversary, birthday gift, and more, he said.

“Order food and buy gift certificates, even if to give away as a ‘thank you’ to grocery store workers, restaurant workers, delivery folks, medical workers, and the many others who are working so hard to keep us going,” Spencer urged.

You can also find Local Distancing on Twitter and Instagram under @localdistancing.

(Courtesy of Made in Alabama)

16 hours ago

Video: Ride along with ULA’s Alabama-built rocket on U.S. Space Force’s first national security mission

Alabama’s United Launch Alliance (ULA) teamed up last week with the U.S. Space Force to complete the newly-formed agency’s first national security space mission.

A Decatur-built Atlas V rocket delivered the sixth Advanced Extremely High Frequency (AEHF-6) satellite. The AEHF-6 will enhance the communications capabilities for American warfighters around the world.

The mission became ULA’s 138th overall. With its completion, ULA maintained its 100% mission success rate.

Watch rocket preparation, launch and satellite delivery in space:

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Tim Howe is an owner of Yellowhammer Multimedia