Vik Khanna’s Post

The Real Need To help these businesses succeed and build a more inclusive economy, philanthropy can make complementary investments in small-business training providers and community development financial institutions, CDFIs — nonprofit lenders that provide affordable capital to underserved communities. Unfortunately, in my experience, many well-meaning funders focus on one-off programs, such as grants for diverse entrepreneurs, when the bigger opportunity for impact lies in addressing broader gaps in small-business support. Critically, organizations that offer small-business capital and expertise are not connected to each other, making it difficult for entrepreneurs to navigate available resources. And because these providers are under-resourced, they can’t expand their reach and help small businesses take advantage of historic federal funding. For example, just 13 percent of the $8.2 billion allocated so far through the State Small Business Credit Initiative for entrepreneur support programs has actually reached small businesses. #SBA #CDFI #BCorp

Commerical Real Estate has changed my life! But I’m not going to lie, when we first started out in residential real estate, I did this for financial freedom. - Not having to worry about bills - Having the freedom to choose -Being able to do what, when I want And in truth, my plan was just to never to ask anyone for help or eat cup of noodles 😂 But although that’s how I started my journey, it’s not exactly how it looks today. 7 years ago I didn’t have a penny to my name, and those first few dollars meant everything to me when I made a transaction. Today, my mission is to improve 1,000,000 lives. - Create housing people are proud to live in. - Build communities that raise educated children. - Allow people to be comfortable and safe in their homes. It may sound far fetched (or even a little unrealistic) but it really is the thing that gets me out of bed in the morning. And I’m proud to say that today we’ve donated over $5,000,000 to social impact projects. So, yes… I may have got into the game to avoid eating cup of noodles. But I’m staying in it for the impact we can make! (And the cash, don’t forget the cash) #blackgirlsbuyapartments #impactinvesting #lifeimprovement #mondaymotivation #socialimpact #changinglives #apartmentbuilding #landlord #landlordandtenants #education #qualityoflife #cashoncash #behindonbills #changemaker #moneymoves #moneymotivation #betterliving #commericalrealestate #careerchange #communityproject #communityservice

Four years ago, Sumnu Marketing came to another crossroads experiencing a Global Pandemic after surviving a Great Recession nearly a decade earlier. Many #smallbusinessowners had to decide whether we wanted to continue to live the #AmericanDream to forever change the legacy of our families. Did we want to #employamericans, help charities in our communities or rebuild the neighborhoods around the U.S.? FACT: #smallbusinesses created net new jobs more than larger corporations after the recession and pandemic. As a dedicated #smallbusiness advocate and Co-Chair for Small Business for America's Future I believe in the power of Main Street. I know that our small employers have great value to the greatest economy in the world. We celebrated small businesses in May. But small businesses should be supported all year long. Policy makers should continue to focus on small businesses beyond a crisis. Small business legislation should be a priority as a prevailing attitude. https://lnkd.in/ggBdKRHc

We are now into a new financial year and what better time to celebrate Australia's Small Business heroes! 👏 📊 Small business owners are the backbone of Australia's economy, making up 98% of all businesses. They employ nearly half of the workforce, contribute significantly to GDP, and are the driving force behind innovation and community development. 👨💻 👩💻 Behind the statistics are everyday heroes who have invested their time, money, and effort into their businesses. They face challenges head-on, adapt to change, and continue to thrive. 💛 Small businesses are the fabric of our communities, supporting local events, charities, and social connections. They deserve our recognition, support, and admiration. #Shoutout a small business you love in the comments! #smallbusiness #australia

Small business grants play a crucial role in fostering economic growth and resilience in rural communities. They provide a lifeline for entrepreneurs facing financial and logistical challenges, contributing to job creation and community revitalization. However, improving access to these grants requires greater awareness, simpler processes, and collaborative support systems. With the right strategies in place, small business grants can become powerful tools for sustainable development in rural areas. Recommendations 1. Increase Awareness: Governments and local organizations should actively promote grant opportunities through online portals and community events. 2. Provide Support Services: Establish grant-writing centers or mentorship programs to help rural businesses navigate the application process. 3. Encourage Public-Private Partnerships: Businesses, nonprofits, and local authorities should work together to create projects that attract grant funding. 4. Monitor and Measure Impact: Governments and funding organizations should track the outcomes of grant programs to ensure long-term community benefits.

Applications are still open for the Growth Office’s “Make MI Home” regional pilot program! This is the state’s first-ever pilot program that allows regions across the state to tell us what kind of talent retention or attraction solution they want to create and identify the type of community they want to reach. Details here👇 ❓What it is: A regional pilot program that gets different entities working together to keep and connect talent to their communities ❓Who is eligible: Nonprofits, local governments, economic development organizations, philanthropic foundations and talent attraction organizations in Michigan ❓How it works: Interested applicants are required to organize consortiums within their prosperity region or share a border with the lead organization’s prosperity region and have 12 months from the time funds are dispersed to award funding to accepted individuals ❓Deadline: Applications close Wed., August 14th! The Growth Office plans to announce grant recipients in mid-September So let’s get creative, work together and build something new that makes an impact. For more details and to submit your application, visit: https://lnkd.in/exwf6sHh   #LetsGrowMichigan #MakeMIHome #Michigan #grants #funding

🏠 Michael Smalling (’90, Finance) has brought over 1,200 homes to over 7,000 people as the co-founder of Homes4Homes, a nonprofit that builds homes for families in developing countries. What began as a modest effort to help families that he and his co-founder Jonathan Harris met while on a trip to Uganda has developed into a full-scale effort, positively impacting communities in 4 countries: Uganda, Honduras, Guatemala and Mexico. “The sooner you start acting, the bigger the impact you will make. It’s like compound interest, a lesson I learned in my finance classes at Belmont. If you help ten people, then each of them in turn helps ten people, the growth is exponential! But it all starts with the realization that for those who have been given much, much is expected.” 🔗 Read more: https://lnkd.in/eUs29J44

We have all kinds of team builders in city hall...and they all seem to have some engineering degree or some other type of degrees...yet we have a poorly run city...it's time to cut manager numbers and budget overruns and growth on management payroll...less team building and better administration of the true owners money bag...hire the person that came to deal with the bad administrators of LHSC and waste of taxpayers money....I know city hall can afford to get rid of lots of managers and tie compensation structure for administrators with tax increases...we must do more with less management and with less money...no other business can be sustainable with the current funding model and business culture and model used by the corporation of the city of London...An analysis by The Canadian Press identified 17 charities whose top executive drew annual compensation that was in the $200,000 to $250,000 range or higher, according to filings with the federal government made in 2022 and 2023.Opposition building to proposed cut to community grants: 'Vital services' https://lnkd.in/gJRZxT-A

American cities are pouring hundreds of millions of dollars annually into programs designed to help and, ultimately, eliminate homelessness. Most cities fund non-profits to carry out that work, but who's tracking the effectiveness of these organizations? This article looks at an emerging scandal in San Francisco around a city-funded non-profit, and looks at the bigger issue of monitoring where the tax dollars are spent.

Ever wondered what Assadaqaat means? It’s a powerful concept of benevolence in Arabic, rooted in charity and selfless giving. At Assadaqaat Community Finance, we’ve adopted this principle to create sustainable change by offering interest-free financial services and business mentorship to underserved communities. Our approach reflects the spirit of generosity, creating a ripple effect of support, opportunity, and empowerment. Keep reading to learn more about how we turn compassion into action. https://lnkd.in/e4tdShf7