AGP Executive Report

SME Financing & Credit Data: Kuwait’s National Fund for SMEs and CINET signed an MoU to expand credit-report coverage to include government financing data, alongside CINET’s new SME Score to help lenders assess repayment ability with more objective info. Disaster Relief for Small Businesses: Texas Gov. Abbott says the SBA approved South Texas for federal disaster loans after severe storms, adding Cameron, Hidalgo and Willacy for low-interest help for damaged homes and businesses. Energy Upgrades for Homeowners and HVAC Work: Alexandria, Virginia launched a heat-pump discount program (up to 15% off) to cut bills and boost local contractor demand as federal incentives shift to state and local levels. Manufacturing Support: The SBA announced the $50M Manufacturing in America E2G Grant Initiative, offering up to $5M to organizations that deliver training and technical help for small manufacturers. Local Business During Major Events: Boston and MBTA agreed on Summer Street closures around South Station for World Cup games, aiming to balance safety with access for visitors and nearby small businesses. Policy Pressure on Costs: A North Carolina bill would add guardrails for data center development, including water and noise limits and restricting local tax incentives. Community Housing Push: Santa Clara County partners broke ground on 195 affordable homes near Berryessa/North San José BART, targeting low-income residents and people exiting homelessness.

Digital Payments Push: Nigeria’s central bank rolled out Payments System Vision 2028, aiming to slash fraud losses to under 0.001% and boost financial inclusion by 2028. SME Export Support: Dubai World Trade Centre Free Zone teamed with DHL Express to help export-ready SMEs via training and GoTrade capacity building. AI for Local Service Revenue: NexusCall AI says its 24/7 bilingual receptionist can book appointments and recover up to $140,000 a year lost to missed calls. Banking Without Terminals: DBS launched “tap-to-phone” card acceptance through its MAX app, turning Android smartphones into lightweight payment points. Robotaxis Arrive in Europe: WeRide and Uber plan Madrid’s first commercial robotaxi pilot, with rides via the Uber app later this year. Local Business Access to Cash: Lancashire opened a new Longridge banking hub to restore face-to-face services for residents and businesses. Skills Gap Warning: UK land-based sector leaders urged faster skills planning to protect food security and rural jobs. Community Impact: A couple’s sari-sari store in Angeles City Philippines was destroyed in a building collapse, highlighting how small stalls anchor local livelihoods.

Restaurant Closures: Mezza9 Café in Rochester will shut down June 30 after rising costs, high rent, and low foot traffic squeezed the downtown business. Local Business Culture: A new study ranks Brenham, Texas among America’s top “handshake economy” towns, where trust and reputation still drive small business deals. Disaster Relief for SMBs: The SBA is offering low-interest disaster loans to South Carolina small businesses and private nonprofits hit by a Feb. 17 drought, with Economic Injury Disaster Loans available for working capital. Payment Rules Under Fire: Illinois lawmakers delayed a credit card swipe-fee law again, pushing implementation to July 1, 2027, as banks and payment groups keep challenging it in court. Owner Pay Basics: A practical guide breaks down how small business owners should pay themselves based on business structure (sole prop, partnership, S-corp, C-corp, and LLC tax choices). Compliance Vetting: Next Step Filings released a “Trust Standard” to help owners spot sketchy filing mills and verify compliance providers before paying. Community Support & Mentoring: SCORE returns with free one-on-one mentoring sessions via Pasadena Public Library, covering plans, financing, marketing, hiring, and succession. Hospitality Pressure: A report highlights how rising food and power costs are hitting hospitality businesses hard, pushing more closures. Digital Growth: Qatar’s online economy keeps expanding, with new rules letting some businesses operate fully through digital platforms.

Fuel-Cost Squeeze: South African small businesses are bracing for renewed pressure as fuel levy relief ends after June, with higher transport and operating costs expected to hit cashflow, pricing, and demand. Energy Disruptions: In The Gambia, NAWEC links outages in the Greater Banjul and West Coast areas to reduced power imports and limited backup generation, warning of knock-on effects for shops, schools, and healthcare. SME Formalisation Push: Zimbabwe’s Bulawayo is urging micro, small and medium enterprises to regularise operations, pay taxes, and get licences, alongside market upgrades funded with support from Switzerland. Local Business Support: Fidelity Bank in Nigeria is rolling out a Quarterly Business Forum to connect SME leaders with policymakers and experts, starting in Port Harcourt on June 3. Digital Economy Momentum: Nigeria’s DigitalSENSE Forum (June 11) is drawing major telecom and internet governance backers like MTN, ALTON, Upperlink and NiRA, aiming to strengthen digital public infrastructure. Energy for Growth: Nigeria’s Peter Obi says he would add 10,000MW within four years, targeting a major electricity bottleneck that raises operating costs for manufacturers and small firms. Cyber Safety for Cash Businesses: Loveland, Colorado is hosting a free counterfeit-money workshop for retailers and small business staff on June 3. Market Access for Local Makers: Cambodia’s Khmer Enterprise and AEON wrapped up a Local Products Fair, helping newly onboarded SMEs meet retail compliance and quality requirements.

SME Policy & Costs: Nigeria’s NECA says federal reforms haven’t yet translated into real gains for MSMEs, as naira depreciation, inflation, energy costs, and exchange-rate swings keep squeezing margins. Local Business Resilience: Anchorage’s assembly passed an ordinance allowing small-scale farmers to keep selling hay and feed after a land-use dispute threatened operations—an example of how local rules can protect food security. Community Safety for Shops: Loveland, Colorado is hosting a Secret Service-led workshop on spotting counterfeit currency after local businesses reported more fake bills. Funding for Main Streets: Pennsylvania announced $17.2M for 56 Main Street Matters projects aimed at revitalizing downtowns and supporting small businesses. AI Adoption for SMEs: Singapore opened inaugural SME AI Impact Awards for up to 30 firms using AI to deliver measurable results, with trustmark benefits. Digital Marketing Tools: YouTube rolled out Demand Gen features to help small businesses create and run creator-backed video ads faster. Business Growth via Platforms: Fidelity Bank plans a quarterly business forum to connect SME leaders with policymakers and experts, starting in Port Harcourt. Workforce Support: The Philippines’ DOLE will deploy 200,000 temporary jobs under Tupad to help schools prepare for the school year.

Small Business Markets & Local Pride: Pelham’s Friday’s Child Flea is expanding to 32 vendors at Old Town Hall, while Downtown Grimsby brings back its Canadian Flag Program with 40+ flags installed at participating shops through Remembrance Day. Regional Tourism Branding: Southern and Southeast Ohio unveiled a unified tourism brand, “Ohio’s Rolling Hills,” aiming to boost visitor awareness and local economies. Policy & Compliance for Micro Businesses: South Africa’s Spaza Shop Support Fund is moving forward with registration and verification progress, but compliance failures remain a hurdle for hundreds of applicants. Disaster Relief for SMBs: FEMA and the SBA updated Maui County recovery center schedules for flood-impacted homeowners, renters, businesses, and nonprofits. Tech for SMB Growth: Zendesk pledged $100M to help startups with AI-powered customer support via “Zendesk for Startups.” Cross-Border Trade Push: DHL Express targets double-digit shipment growth in the Philippines and says SMEs are key to its expansion, supported by its GoTrade training push.

SMB Growth & Access to Capital: A Philippines roadside buko-juice stall scaled into a community business after a ₱1M LANDBANK loan helped modernize production and expand menus, showing how credit can turn local food ideas into jobs. Infrastructure for Small Business: Senate President Pro Tempore Loren Legarda pushed national agencies and utilities to fix recurring electricity and internet gaps in Antique and Aklan, stressing reliable power and connectivity for schools, tourism, and small businesses. Local Business Ecosystems: Iloilo City distributed ₱20,000 livelihood packages to 250 women via the DOLE program, aiming to seed sari-sari and retail micro-enterprises. Regulatory/Finance Shock: Ghana’s GN Savings and Loans says a license revocation killed a planned $20M OPIC-backed financing deal for small businesses. Connectivity for Retail & Branches: InHand Networks’ CR602 5G router cleared major North American carrier certifications (Verizon/AT&T/T-Mobile), targeting resilient, cloud-managed deployments for SMB sites. Market Pressure: PayPal warned investors it needs “significant changes” as checkout growth stalls under intense competition from Apple, Shopify, and buy-now-pay-later rivals. Skills & Networking: PHILSME’s 18th expo in Manila drew 10,000+ entrepreneurs and 190 exhibitors, highlighting continued demand for in-person mentorship and dealmaking. Workforce & Compliance: South Africa’s employment crackdown debate resurfaced as critics argue criminalizing employers won’t solve the real economic pressures facing workers and small firms.

Local Power & Internet Fix: Philippines Senate President Pro Tempore Loren Legarda convened a multi-sector briefing on power and connectivity gaps in Antique and Aklan, pushing coordinated public-private upgrades from last-mile electrification to internet deployment. Legal Fight Over Voting Rights: Delaware’s Third Circuit ordered the state to comply with an immigration subpoena for business wage reports, with Gov. Matt Meyer and AG Kathy Jennings calling it federal overreach that targets small businesses and immigrant communities. Small Business Relief via Tax Policy: Uzbekistan’s Saida Mirziyoyeva backed a decree raising the VAT registration threshold from 1B to 5B soums, aiming to cut inspections and stop businesses being “artificially split.” AI for SMBs: YouTube rolled out AI-assisted brand tools (custom sponsorships, custom content shelves, and Buy with Google Pay) while Summit County launched SizeUp Summit County, a free market-research tool for local businesses. Growth & Community Programs: Miami-Dade advanced a Legacy Business Program and streamlined permitting ideas; Cambridge launched a youth job-hunt hub to reduce duplication and boost visibility for existing supports. Business Spotlight: Sundance Natural Foods honored late owner Gavin McComas with “World Gavin Day,” highlighting how small retailers can anchor community trust. Tech/Trade Expansion: Integris’ planned acquisition of Australia-based First Focus targets scaled MSP services as SMBs demand stronger AI, data protection, and governance.

Xenophobia Crackdown: South Africa faces renewed calls for firm action against xenophobic mobs after threats to force foreign nationals to leave before June 30, with businesses and families still being targeted. SMB Software for Fitness Studios: Hong Kong-based AUAU Technology launched auau.io, a plug-and-play SaaS for gyms and studios with booking, payments, and CRM aimed at small-to-medium operators. Tourism Goes Cashless: The Philippines’ DOT teamed with Mastercard to digitize tourism for MSMEs, citing ₱6.3M in sales already generated via the partnership. Small-Business Lending Pressure (UK): UK banks are lobbying Chancellor Rachel Reeves to expand the Growth Guarantee Scheme, pushing for higher loan limits to unlock more SME credit. Cyber Safety for Local Shops: A local tech shop warns SMBs about phishing and urges simple defenses like verified contacts, updated protection, and regular backups. Township Spaza Fund Scrutiny (South Africa): A R500M spaza shop support fund is under fire as owners report receiving far less than promised amid bottlenecks. ATO Tax-Time Primer (Australia): The ATO released a 30-page tax-time rights and obligations guide for small businesses ahead of EOFY. AI Membership for SMBs (Singapore): Ctrl+Grow launched an AI membership that bundles custom tools, training, and hosted software for $597/year. Local Trade Support (Hong Kong): HKPC and DHL will host an SME-focused global expansion forum on June 12 to tackle tariffs, logistics costs, and market access.

Local Business Spotlight: Play It Again Sports opened a new Paramus, NJ resale location, giving families a place to buy, sell, and trade quality used gear—an SMB model built on sustainability and community demand. Community Events: Petworth PorchFest returns with 400+ acts across neighborhood porches, parks, and small businesses, plus discounts and giveaways for local merchants. Local Economic Development: Pennsylvania Gov. Josh Shapiro released Responsible Infrastructure Development (GRID) Standards for data centers, pairing guardrails with a local toolkit—aimed at affordability, transparency, workforce growth, and environmental protections. Small Business Access to Capital: An East Texas brief highlights how SBA lending (7(a) and 504) helps small firms bridge the capital gap via lender guarantees. Food Access & Local Impact: Milwaukee County created a City-County Food Access Joint Taskforce to coordinate solutions as grocery closures squeeze families, with small business owners at the table. Rural/Volunteer Support: Missouri awarded $1.455M to 108 volunteer fire departments for equipment—targeting the smallest rural responders. Entrepreneurship & Recognition: Madison ranked among the top metros for small business success, citing strong survival rates and talent.

SME Finance & Growth: Liberia’s LIFT-P MSME line of credit is helping local firms expand and upgrade equipment, with examples from agro-processing to logistics and trade. Small Business Tools: HoneyBook is launching in the UK and Australia, bringing proposals, contracts, invoicing, and payments into one platform for independent service providers. Marketing for SMBs: Reddit rolled out a global Shopify integration for Dynamic Product Ads, letting retailers sync catalogs and inventory automatically. Cyber & Risk: ESET says China-aligned groups kept targeting maritime, energy, and AI robotics, underscoring the need for SMB cyber readiness. Local Business & Jobs: Amazon held community talks in West Oahu about a massive fulfillment center that could create over 1,000 full-time jobs and speed local delivery. Policy Pressure on Costs: A proposal to extend the EU Emissions Trading System to international flights could add new costs for airlines and airport-linked jobs. Entrepreneurship & Community: Bracell reported it hit 73% of its female entrepreneurship target in 2025, supporting women-led small businesses and cooperatives. Pitch Opportunity: SBA’s Patriot Pitch Competition is open for submissions, with a live pitch in Washington, DC and a $1M prize pool.

Franchise Growth: A new SMB-focused piece argues franchising gets stronger when owners step outside their comfort zone—building relationships, visibility, and community ties instead of staying in routines. Local Business & Community: Kirksville is lining up summer events that lean on local businesses, from an Art Walk and Art Walk-style downtown showcases to grant-writing help for small operators. Retail Theft Crackdown: Florida AG James Uthmeier announced charges tied to an organized retail theft scheme hitting hardware stores across 13+ counties, a direct pressure point for small retailers. Capital Access: NYC Comptroller Mark Levine backed a zero-interest loan program (up to $60K) via the Hebrew Free Loan Society to help low- and moderate-income entrepreneurs launch, expand, or stay open. Data Center Backlash: New Jersey Gov. Mikie Sherrill unveiled a plan to make data centers “pay their fair share,” while Merrillville, Indiana, approved a one-year moratorium on new data center projects. Small Business During World Cup: Boston is approving six community FIFA watch parties designed to drive foot traffic to local vendors and small businesses. Local Growth Wins: Spectrum expanded fiber service to thousands of additional homes and businesses in Indiana, aiming to boost connectivity for residents and SMBs.

Health Coverage Crunch in Florida: Federal estimates warn 16M Americans could lose coverage by 2034 as subsidies expire, and Florida—especially Hispanics—could see some of the biggest drops. Free clinics like Caridad Center in Boynton Beach are already seeing patient surges as premiums climb. Local Elections: Two Republicans are battling for South Carolina House District 115 (June 9 primary), with road and flood fixes front and center. SME Finance Reform: Liberia’s central bank is pushing major collateral registry changes to widen what can be used for loans, aiming to unlock credit for farmers and small businesses. Payments & Growth: Canada–Nigeria cross-border payments keep rising on migration and education demand. Small-Business Cashflow Pressure (UK): New laws target late payments to smaller suppliers, with mandatory interest and tighter construction rules. Rural Resilience: South Africa’s Little Karoo communities remain cut off after floods, hurting tourism and local livelihoods. Tech for Work: Anthropic names a Korea head ahead of its Seoul office, and Staffbase is convening HR/Comms/IT leaders on AI and trust.

Local Economic Boost: West Virginia Gov. Patrick Morrisey announced a $12M Regional Hub Tourism and Recreational Complex in Upshur County, topping out at about $16.5M for Phase I—baseball, soccer, lacrosse fields, mountain bike flow tracks, an ice rink, and Snowflex tubing—with 70 acres donated to make it happen. Workforce & Costs: Virginia Gov. Abigail Spanberger signed mandatory paid sick leave for most workers, starting July 2027 for larger employers, with fines for violations—aimed at reducing “show up sick” pressure on families and businesses. Small-Business Marketing: New Jersey’s World Cup “Welcome World Rewards Program” launches June 1, using QR check-ins at local businesses and events to drive points and perks. Tech & Access: Dentsply Sirona expands its U.S. digital dentistry distribution via Nashville Dental, adding connected tech coverage across nine states. Business Growth: SOLV Energy launched a public offering of Class A shares to fund purchases in its holding structure.

Tariff Refund Trap: A Detroit-area gift shop owner says the Supreme Court struck down “Liberation Day” tariffs and a trade court ordered refunds—but many small businesses may still miss out because only the “importer of record” can claim money, a role often held by freight forwarders or outside suppliers. Construction Politics: Delaware’s SB 272 heads to the House, pushing project labor agreements on major school builds—critics say it would force a union model on a merit-shop industry that runs most of the state’s construction work. Energy Pressure: Nigeria’s cooking gas keeps climbing (reports cite ₦1,500–₦2,000/kg), with marketers warning supply and depot costs are squeezing households, vendors, and small businesses. Local Growth Moves: West Virginia announced a $16.5M regional tourism complex in Upshur County, aiming to drive visitor spending for local hotels and restaurants. AI & Ads Scrutiny: The FTC fined Cox Media Group $880,000 over a fake “active listening” AI ad service that allegedly never collected voice data.

Food Prices & Antitrust: Sen. Chuck Schumer unveiled the Family Grocery and Farmer Relief Act, aiming to curb meatpackers’ market power (Tyson, JBS, Cargill, National Beef) and boost help for farmers and small businesses as Memorial Day grocery bills bite. Local Markets Under Pressure: Maine farmers market vendors say fuel, freight, and tariff costs are forcing tough price calls just as the season ramps up. Banking Confidence Returns: In Ghana’s Elmina, residents celebrated a court ruling restoring the GN Savings and Loans licence—an immediate shot in the arm for traders and small businesses. Regulation Hits the Ground: Nairobi County ordered liquor traders to register on the LiquorPay system by a December deadline or face permanent closure, tightening oversight of a major local cash economy. SMB Tech & Skills: A Missouri SBDC workshop (June 17) targets small businesses’ online visibility, while Puerto Rico’s Vitrina Solidaria rolls out free AI, management, and marketing support for entrepreneurs near El Yunque. Business Expansion: Dime leased a former Signature Bank space in Williamsburg, signaling continued investment in neighborhood banking.