Facebook Buys up the Outstanding Invoices of Minority-Owned Small Businesses

Facebook is spending $100 million to buy up the outstanding invoices of small businesses owned by women, racial minorities, veterans, disabled people and LGBTQ+ people, the company announced last week.

The Invoice Fast Track Program allows certain “small, midsize and diverse-owned businesses” to submit outstanding invoices to Facebook. The tech giant then buys the invoices, giving the business cash immediately, and the business’ customers pay Facebook instead.

The program is designed to help “diverse-owned” businesses improve their cash flow and hire more employees, according to the program’s description.

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State Senator Calls for Study on African Americans in Ohio

  An Ohio senator is calling for a study that examines the “progress and challenges of African Americans in Ohio.” State Senator Sandra Williams (D-21) introduced Senate Bill 71, which would create and fund a 30-member committee to examine the contributions of, and issues facing, African Americans in the state.…

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