About half the private sector jobs in this country are in small businesses. Women comprise a third of small business owners nationwide. But in Floyd Virginia, where county officials held a contest for the best new small business plans, 100% of the winners were women.
In parts 1 and 2 of this report, you met some of them. Today we meet the others.
Small, rural communities can have a tough time attracting large employers; so some are looking to spur local business development from the ground up. In Floyd, Virginia, they held a competition offering prizes for the best business plans.
Yesterday we heard from the first place winner, who’ll now be able to take her natural and organic body care products to the next level.
Today, in part 2 of our series….we meet the second place winner with another home grown business idea.
Lots of people dream of starting their own businesses. But how many of those table top discussions actually go on to the next phase? Taking a cue from the popularity of the “Shark Tank” TV show, spin-off tanks are springing up. Communities are using them to help launch local businesses in Virginia.
If TV’s Shark Tank is for the big fish, Floyd’s was more like a school of small fish. Instead of venture capitalists looking to invest it was area economic development experts doing the judging.
If you’ve been to the crowd-funding website called Kickstarter, you know there are some pretty crazy ideas out there, but five dads from Staunton are betting their latest brainstorm will make a lot of kids and moms happy.
There’s just a little of that delicious broth left in the bottom of your soup bowl, a lone noodle, some sweet milk from your morning cereal or a little melted ice cream. No one is looking, so what do you do?
Recent reports about the growth of transportation network companies like Uber and Lyft would suggest that their success pits them directly against traditional taxi drivers. But, a representative from the taxi industry says that's NOT what's behind a rally in Richmond in which they called for more fairness for taxicab drivers.
Daniel Berhane with Virginia Taxicab Drivers United says while they don't believe rival companies are being established correctly, the VTDU is more concerned about the lack of job protections for drivers.