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Rules targeting financial criminals will require new filings for startups and small businesses

GeekWire

Startup and small business owners take note: if your company has 20 or fewer full-time employees and gross annual sales of less than $5 million, there’s a new federal filing requirement that you need to know about. Insignia of the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN).

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Howard Schultz funding online learning program for small businesses using CreativeLive platform

GeekWire

Former Starbucks CEO Howard Schultz is launching a free online learning program designed to help small businesses gain the necessary skills to recover from the COVID-19 pandemic. Former Starbucks CEO Howard Schultz. GeekWire File Photo). That’s why I believe this COVID-recovery platform is critical.”

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Lisa Brown, Washington state Dept. of Commerce director, will step down after 4 years 

GeekWire

He noted that she helped steer the state through the COVID-19 pandemic, administering funding for local governments, tribes, small businesses and nonprofits, youth development groups, people seeking housing and rent assistance, and others. Jay Inslee, who appointed Brown in Feb. “Our state is better for her leadership.”

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Geeks Gaming for Good: Avalara defeats Chef in a thrilling Rocket League championship

GeekWire

With the championship under their belts, Avalara will donate the prize pool of $1,250 to their nonprofit partner of FareStart. The Avalara team also raised an additional $840 for FareStart during the tournament, and donated their winning prize — three round trip tickets on Alaska Airlines — to the Seattle food-based nonprofit.

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Indie booksellers feeling ‘Boxed Out’ by Amazon respond with campaign targeting tech giant

GeekWire

Independent bookstores across the country put out the unwelcome mat for Amazon and the tech giant’s Prime Day shopping extravaganza this week, trying to call attention to the dire straits small businesses are facing during the pandemic. Jeff Bezos grows richer while small businesses struggle to make it.

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Facebook commits $200 million to support black-owned businesses

The Verge

Half will be invested in black-owned small businesses, black creators, and nonprofits working with black communities, Sandberg said in her blog post. Of that $100 million, $25 million will go to black content creators, while $75 million will be “grants of cash and ad credits” to support the small businesses and nonprofits.

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Amazon charges sellers fees that are high enough to offset losses from Prime, a new report says

The Verge

A new report says Amazon charges small businesses fees that eat into profits | Illustration by Alex Castro / The Verge. The massive reach of Amazon’s e-commerce platform is appealing for any small business that wants to sell its products online.

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