Saturday, September 24, 2022

Play

The health-care subsidy extension a relief for small businesses; Consumer groups press for a bill to reform credit reporting; and an international group aims to transform how people view peace and conflict.

Play

Condemnation of Russian war on Ukraine continues at the U.N, House Speaker Nancy Pelosi says there's need for worker training to rebuild Puerto Rico, the House takes on record corporate profits while consumers struggle with inflation.

Play

The Old Farmer's Almanac predicts two winters across the U.S., the Inflation Reduction Act could level the playing field for rural electric co-ops, and pharmacies are dwindling in rural America.

Climate Change, Extreme Temps Affect NC Black-Owned Small Businesses

Play

Monday, July 18, 2022   

A new Pew Research poll finds Americans are split on how to tackle climate change. In North Carolina, small Black-owned businesses say they're struggling with how to cope with extreme weather events, and they need help and resources - fast.

As Executive Director of the North Carolina Business Council, Vicki Lee Parker-High said she's seen more small businesses forced to close or temporarily suspend operations as a result of flooding, extreme heat, blackouts or severe storms.

She said losses and damages can cost owners tens of thousands of dollars.

"One in five North Carolina businesses - so, small businesses - have either laid off employees due to extreme weather events," said Parker-High. "So, that's about 21% of our companies that have been affected that way."

Parker-High said more research is needed to help these business owners better estimate financial risks and hedge their bets as seasons become increasingly unpredictable.

Jessica Rice Hawkins owns AIMHigh, a personal training gym in Henderson. She said extreme temperatures have strained her budget, and adds it's been a challenge to keep her building at a temperature comfortable for workouts during both winter and summer.

"So, I have these extremely high utility bills," said Rice Hawkins. "And now, you're faced with this choice of 'I cannot raise my prices because of where I am' - that's going to run me out of business. And then, I have to pay for the extremely high cost of utilities to operate the business."

According to Parker-High, abnormal weather patterns are increasingly affecting how small companies operate, and have triggered job cuts nationwide.

"So, a lot of these cuts are happening and occurring right in plain sight," said Parker-High. "But they're not being adequately accounted for, and adjusted for the risk that our businesses are being exposed to."

Seventy-one percent of Americans now say their community has experienced some form of extreme weather in past year - from flooding to lengthy heat waves, wildfires, droughts and water shortages, or rising seas that have eroded shorelines, according to the Pew survey.



Disclosure: North Carolina Business Council contributes to our fund for reporting on Budget Policy & Priorities, Civic Engagement, Environment, Health Issues. If you would like to help support news in the public interest, click here.


get more stories like this via email
Nonprofit organizations employed nearly 30,000 Montanans in 2019. (Artur/Adobe Stock)

Social Issues

The work of some nonprofit organizations has only increased with the pandemic and the needs that have come from it. An author and expert in the field …


Social Issues

By Lourdes Medrano for Yes! Media. Broadcast version by Mark Richardson for Arizona News Connection, reporting for the YES! Media-Public News Service …

Social Issues

Hispanic Heritage Month began in mid-September and runs through Oct. 15, and a financial institution in Washington state is finding unique ways to …


Fans of solitude say the route density in Labyrinth Canyon can make it difficult to escape the noise of motorized vehicles. (Bureau of Land Management)

Environment

Conservation groups say more needs to be done to protect the natural and cultural resources of Utah's Labyrinth Canyon from off-road vehicles…

Social Issues

Despite being aimed at children in kindergarten through third grade, Florida teachers say what's often referred to as the "Don't Say Gay" law has …

U.S. Rep. Maxine Waters, D-Calif., says she plans to call a legislative hearing on the practices of credit reporting agencies. (Kalafoto/Adobe Stock)

Social Issues

Consumer groups are pressing for legislation to reform the way credit agencies handle errors on credit reports. The calls to amend the Fair Credit …

Social Issues

As "Banned Books Week" comes to a close, Connecticut libraries have been celebrating with great fervor - despite numerous book bans and challenges…

Social Issues

Average Affordable Care Act premiums in Wisconsin would have been 56% higher this year without temporary subsidies from the federal government…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021