
U.S. Bank Announces Resource Hub to Assist Small Business Owners
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Governor Newsom provides ongoing support to help business owners and workers recover from LA firestorms
Governor Newsom has issued a number of executive orders in response to the Los Angeles firestorms. California has worked with federal and local providers to help businesses and workers with the resources and support they need to recover and rebuild. Californians can go to CA.gov/LAfires – a hub for information and resources from state, local and federal government.
Extending the deadline to pay for renewing licenses, certificates, and permits for one year for licenses with a renewal date occurring between January 1, 2025, and July 1, 2025.
Waiving fees for businesses and workers requesting duplicate or replacement of a license certificate that was burned or destroyed.
Extending deadlines for businesses to appeal license-related proceedings.
Eliminating requirements that make it more difficult to relocate certain businesses impacted by the fires.
Find resources to help your business at gov.ca.gov/LAfires/help-your-business.
Helping businesses and workers recover
California has worked with federal and local providers to help businesses and workers with the resources and support they need to recover and rebuild from the firestorms.
Governor Newsom has issued a number of executive orders in response to the Los Angeles firestorms to help aid in rebuilding and recovery, create more temporary housing, and protect survivors from exploitation and price gouging.
Get help today
For those Californians impacted by the firestorms in Los Angeles, there are resources available.Californians can go to CA.gov/LAfires – a hub for information and resources from state, local and federal government.
Individuals and business owners who sustained losses from wildfires in Los Angeles County can apply for disaster assistance:
Online at DisasterAssistance.gov
By calling 800-621-3362
By using the FEMA smart phone application
Assistance is available in over 40 languages
If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service.
U.S. Bank Announces Resource Hub to Assist Small Business Owners
U.S. Bank has launched a new online education platform that provides educational courses and other tools to help small business owners run and grow their businesses. The platform, which is free, is designed to help clients and non-clients, as well as small businesses that are suppliers to the bank. Small businesses can create free accounts to access courses on topics such as “business continuity planning” and “how to prepare to seek financing.” The hub was created in collaboration with Next Street, a firm that provides training and other solutions for small businesses. It aligns with the bank’s commitment to support small businesses, which are a driving force in the economy and a vital source of employment. The bank also offers business access advisors in more than a dozen markets around the country, helping small businesses get access to expertise, connections, and funding resources to fuel the growth of their businesses, the bank says. To learn more about the platform, visit usbank.nextstreet.com. For confidential support call the National Suicide Prevention Lifeline at 1-800-273-8255 or visit www.suicidepreventionlifeline.org.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250728750734/en/
U.S. Bank Business Resources Central, which is free, is designed to help U.S. Bank clients and non-clients, as well as small businesses that are suppliers to the bank.
The new resource hub aligns with a commitment at U.S. Bank to support small businesses, which are a driving force in the economy and a vital source of employment. As part of this effort, U.S. Bank offers business access advisors in more than a dozen markets around the country, helping small business owners get access to expertise, connections, and funding resources to fuel the growth of their businesses. The bank also has procurement specialists who help small businesses that may want to become vendors to the bank.
“Small businesses are vital to the U.S. economy,” said Shruti Patel, chief product officer for business banking at U.S. Bank. “We aim to support them with access to capital and financial education. Our new private learning platform offers essential resources, and our team will work closely with business owners for any follow-up assistance.”
The hub was created in collaboration with Next Street, a firm that provides training and other solutions for small businesses. Small businesses can create free accounts to access courses on topics such as “business continuity planning” and “how to prepare to seek financing.” There are also links to U.S. Bank resources such as product pages and Financial IQ articles.
“Small business suppliers often struggle with access to the right networks and getting good advice to help them succeed,” said Craig McKenney, chief procurement officer at U.S. Bank. “Now our business access advisors and procurement specialists can direct those small business suppliers to a private learning platform, which has resources to help them.”
In working with Next Street, U.S. Bank is collaborating with an organization that provides end-to-end solutions — from ecosystem assessments and strategies to resource platforms and accelerators — that propel small businesses in their communities and supply chains.
“Next Street is dedicated to helping every small business realize its potential,” said Next Street CEO Charisse Conanan Johnson. “Small businesses make critical contributions, from spurring innovation to creating jobs, within local communities and supply chains. In doing so, small businesses propel new economic growth across the nation. Next Street is proud to partner with U.S. Bank on a new resource hub to ensure small businesses have access to the experts, networks, and capital they need to reach their dreams.”
To learn more about the platform, visit usbank.nextstreet.com .
Disclosures
Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.
U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.
Loans and lines of credit are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.
About U.S. Bank
U.S. Bancorp, with approximately 70,000 employees and $686 billion in assets as of June 30, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at usbank.com/about .
About Next Street
For more than 20 years, corporations, governments, and philanthropies have hired Next Street to strengthen the small businesses they rely on. As a firm, Next Street provides end-to-end solutions — from ecosystem assessments and strategies to resource platforms and accelerators — for their clients to propel the small businesses in their communities and supply chains. Next Street solutions ultimately help small businesses, whether they are solo entrepreneurs or advanced suppliers, to unlock new revenue, build wealth, and reinvest in their communities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250728750734/en/
U.S. Bank Announces Leader for Investment Services Division
U.S. Bank has united its Global Fund Services and Global Corporate Trust teams into a single Investment Services division led by Jay Martin. Martin leads a global team that offers customized services to middle market, large corporate, government and institutional clients. Martin has three decades of financial services experience, including time at Citco, Citi, SWIFT and Bank of New York Mellon. The bank has been named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks.
As president of Investment Services, Martin leads a global team that offers customized services to middle market, large corporate, government and institutional clients, including fund administration, custody, investor servicing, trustee services and corporate escrow. Martin has led Global Fund Services since joining the bank in 2023.
Stephen Philipson, vice chair of Wealth, Corporate, Commercial and Institutional Banking, said, “We have the No. 1 market share in the Corporate Trust markets we serve1, and our Fund Services business is thriving, with a steady drumbeat of new and enhanced capabilities to meet the evolving needs of clients. Bringing these two businesses together under a single leader will allow our clients to benefit from our combined scale, investments and more interconnected approach to serving them.”
Martin has three decades of financial services experience. Prior to joining U.S. Bank, he spent time at Citco, where he was head of Operations within the Fund Services division, as well as Citi, SWIFT and Bank of New York Mellon. He holds a B.A. in economics from Bowdoin College.
1U.S. And Europe market share sourced as of December 31, 2024 from Greenstreet Asset-Backed Alert for the ABS/MBS and CLO rankings, and as of March 31, 2025 from LSEG Data & Analytics for the Corporate and Municipal rankings.
About U.S. Bank
U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.
U.S. Bank Shield™ Visa® Card offers 0% intro APR for 24 billing cycles
The U.S. Bank Shield Visa Card offers a market-leading 0% APR on purchases and balance transfers for the first 24 billing cycles (as of March 17,2025) After that, it has a variable APR, currently 17.74% to 28.74%. The card also offers 4% cash back on prepaid air, hotel and car reservations booked with a Shield Visa card. Cardholders can enjoy protection benefits that shield them from unexpected risks such as: Cell Phone Protection, Auto Rental Collision Damage Waiver and Extended Warranty Protection. The card is available only to residents of the United States. It is not available for sale in Canada or other countries, but will be available in the United Kingdom and Australia in the near future. It has a sleek, clear plastic design and is available for immediate use only on the U.s. Bank Travel Rewards Center.
This card offers a market-leading introductory 0% APR on purchases and balance transfers for the first 24 billing cycles (as of March 17,2025). After that, it has a variable APR, currently 17.74% to 28.74%. Additionally, the Shield Card includes an array of purchase protection and cash-back benefits.
“The Shield Visa card is the perfect card for the consumer motivated by value, protection and security,” said Steve Mattics, head of credit card and debit products at U.S. Bank. “In addition to the best and longest introductory APR offer on purchases and balance transfers, this card offers a market-leading suite of protection benefits to ensure clients can be confident when using it to make important purchases – all for no annual fee.”
The card – which has a sleek, clear plastic design – also offers 4% cash back on prepaid air, hotel and car reservations booked with a Shield Visa card directly in the U.S. Bank Travel Rewards Center and an annual $20 statement credit after 11 consecutive months of purchases.
In addition, when cardholders use their U.S. Bank Shield Visa card, they can enjoy protection benefits that shield them from unexpected risks such as:
Cell Phone Protection: Eligible cell phone can be reimbursed up to $600 in the event of damage or theft when the monthly cell phone bill is paid for with the Shield Card.
Eligible cell phone can be reimbursed up to $600 in the event of damage or theft when the monthly cell phone bill is paid for with the Shield Card. Auto Rental Collision Damage Waiver: Provides insurance coverage for physical damage and theft, reasonable and customary towing, and valid loss-of-use charges and administrative fees when you reserve and pay for a rental car with the covered card.
Provides insurance coverage for physical damage and theft, reasonable and customary towing, and valid loss-of-use charges and administrative fees when you reserve and pay for a rental car with the covered card. Extended Warranty Protection: Extends product warranties automatically. Cardholders can add an additional year to qualifying warranties with Extended Warranty Protection for purchases made with the card.
Extends product warranties automatically. Cardholders can add an additional year to qualifying warranties with Extended Warranty Protection for purchases made with the card. Purchase Security: Safeguard purchases against theft or damage due to fire, vandalism or accidentally discharged water or certain weather conditions within the first 90 days from the date of purchase with Purchase Security.
Learn more about the U.S. Bank Shield Visa card at https://www.usbank.com/credit-cards/shield-visa-credit-card.html.
U.S. Bank offers a broad range of credit card solutions to meet the needs of consumers and businesses with rich rewards, meaningful benefits and a variety of purchasing options—all supported by an industry-leading mobile app.
About U.S. Bancorp
U.S. Bancorp, with more than 70,000 employees and $678 billion in assets as of December 31, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.
Disclosure
The creditor and issuer of this card is U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc., and the card is available to United States residents only.
Government growth service to save small business time and money
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Service will streamline the government’s offer to small firms, saving them time and money
Comes as part of a week of government and private sector action to help small businesses grow in the run up to Small Business Saturday
Businesses across the UK will be able to get quicker and easier help, support and advice, thanks to a new service that will help them grow and thrive, announced by the Business Secretary to mark Small Business Saturday [Saturday 7 December].
Small businesses consistently say that they find the business support landscape fragmented and complex, with only 26% of UK SME employers reporting in 2023 to have sought external advice or information in the last year.
The Business Growth Service has been designed to address this, offering a sleek, UK-wide business support system with a revamped web offer, launching in the first half of 2025. It will be developed and will work in partnership with small businesses, local and devolved governments across the UK, with locally led delivery at its core, to ensure the service provides the information and resources smaller firms need from government.
Inspired by successful business support agencies internationally, the Business Growth Service will be an integral part of the Small Business Strategy that will be published in 2025. This will also support DBT’s approach to creating a pro-business environment through the Industrial Strategy and the government’s growth mission.
The average small business owner spends over 33 hours every month on internal business admin – valuable time which the government aims to decrease through the new streamlined service which will signpost small firms to practical help.
This, alongside a raft of other measures announced in the run up to Small Business Saturday, confirms the government’s commitment to the nation’s small firms and self-employed individuals who are vital to wealth creation and economic growth.
Business and Trade Secretary, Jonathan Reynolds, said:
We said we’d deliver change for small businesses, and that’s exactly what we are doing. This government’s Plan for Change will deliver economic growth, and for that to succeed we need SMEs right across the country to be exporting, hiring, and expanding. That’s why we’re working tirelessly to ensure every small business has the tools and support at their disposal to thrive.
Businesses have faced unprecedented challenges over the past few years including soaring inflation, interest rates and sky high energy bills. That’s why the government’s first priority is to fix the foundations and restore economic stability.
This news comes after a week of activity in the run up to today’s celebration of small firms where a new Fair Payment Code was unveiled to tackle late payments, and a new Banks-backed initiative was launched to support disabled entrepreneurs get improved access to finance and support.
In the five months since this government took office, it has been committed to supporting small businesses right across the country. A series of pledges were made to support SMEs, which have all progressed in some way, proving the government’s commitment to its promises.
The government pledged to:
Tackle late payments – we have increased our enforcement of the existing payment performance reporting regulations, started work on secondary legislation in this parliamentary session requiring large companies to include payment performance headlines in their annual reports, announced a consultation in the coming months on new measures to go further in tackling late payments, and launched a new Fair Payment Code.
Reform business rates – We are creating a fairer business rates system that protects the high street, supports investment, and is fit for the 21st century. We intend to introduce permanently lower tax rates for high street retail, hospitality, and leisure properties from 2026-27 and, ahead of these changes being made, have prevented relief from ending in April 2025 by extending it for one year at 40 per cent as well as freezing the small business multiplier.
Revitalise our high streets – new powers awarded to councils so they can fill empty premises blighting our high streets, launched dozens of new banking hubs, scrapped the immunity for low-value shoplifting and cracked down on organised gangs who target retailers
Boost small business exports – We’ve launched a new European exporting webinar programme, begun a new Export Support Directory to link SMEs with expert advice on the ground, and unveiled a new scheme in Greater Manchester working in partnership with regional authorities to support local exporters
The Budget also confirmed £1 billion for the British Business Bank to enhance access to finance for smaller businesses through Start Up Loans; the ENABLE Build; the Growth Guarantee Scheme and the Life Sciences Investment Programme.
Minister for Employment, Alison McGovern MP said:
This Small Business Saturday let’s support the UK’s incredible small, independent firms. We are making sure small businesses have the skilled staff they need to grow and succeed through our Get Britain Working Plan. And if you are a small business owner, I encourage you to think about using our brilliant Jobcentres the next time you need to hire – we stand ready to help you recruit and find your next star employee.
Founder of Small Business Britain Michelle Ovens CBE said:
On Small Business Saturday, the nation’s thoughts turn to the smallest of businesses, the heart and soul of communities and the economy. So we are thrilled that today the new Business Growth Service is launched to put small businesses at the very centre of Government and ensure that businesses get all the support they need to succeed. A thriving small business community leads to a thriving country, so we look forward to working with the Government to further develop this initiative in 2025.
Tina McKenzie, Policy Chair at the Federation of Small Businesses, said:
Business support has a key role in helping small businesses grow, improve sales, find financial assistance and comply with regulations and taxation. We look forward to working together with Government to make sure the new Business Growth Service delivers for small firms. It makes sense to bring support services together under one roof and we hope this new resource means more small firms are able to secure the support they need access to, such as starting up their own business, embarking on their export journey, or establishing themselves on the high street.
Among the other small business pledges, the government has reformed the apprenticeship levy to address the skills needs for the next decade across all regions. A new investment package will boost growth, support small builders, and drive Britain’s construction efforts.
Great British Energy will lower bills and unlock green tech opportunities for SMEs. We’ve committed £1 billion to the British Business Bank to help start-ups scale. Finally, the Procurement Act, live from 24 February 2025, will simplify SME access to public sector supply chains.
With the Small Business Strategy coming in the new year, the work of supporting the nation’s 5.5 million small businesses is far from over and government is focused on delivering the tools every SME needs.
Small Business Saturday, run by Small Business Britain, each year aims to shine a spotlight on SMEs across the country by encouraging shoppers especially in the run up to Christmas, to shop small.