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Research shows that rural communities are falling behind due to poor digital infrastructure

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In an era where businesses and households depend upon the Internet for the whole lot from marketing to banking and shopping, the dearth of adequate digital access generally is a serious obstacle. And our latest research shows that loads houses AND business within the UK are left to fend for themselves within the digital age.

Our two studies focused on the rural county in Wales, Ceredigion, where an absence of reliable digital infrastructure has worsened the impact of the pandemic on families and businesses. Poor digital accessibility and poor connectivity have increased stress levels for families who already had to juggle home learning and dealing from home.

Similarly, firms have had to grapple with issues related to web access, the provision of effective digital infrastructure and digital proficiency when working and doing business from home.

Our study included two online surveys. One focused on households and the opposite on businesses and the self-employed between April and June 2021. The survey questions aimed to address the challenges and opportunities presented by the pandemic.

Several essential themes emerged within the responses we received from each surveys. These aspects included insufficient digital accessibility and connectivity, lack of digital skills and training opportunities, and the prices of broadband and mobile access.

Home experiences

Our research found that 12% of homes didn’t have enough digital equipment to meet their needs throughout the pandemic, and 76% of those included children learning from home. Schools and a few workplaces provided equipment in some cases, but 18% of households had to rent equipment.

Despite this borrowing option, many homes have had to connect equipment between adults working from home and youngsters learning online. Many students used small mobile devices to access lessons, while others lacked access to equipment resembling printers.

These problems were exacerbated in rural and distant areas, where slow broadband speeds and lack of a reliable mobile signal were identified as the most important problems. Other issues included the price of broadband and mobile access, lack of digital skills or training opportunities to improve digital skills, poor customer support from broadband providers and connectivity issues.

Digital connectivity challenges faced by survey respondents.
Igboekwu, Plotnikova and Lindop, Provided by creator (no reuse)

Business and self-employment experience

The pandemic has presented similar challenges to businesses. The closure of non-essential businesses throughout the pandemic has led to: growth in e-commerce. Companies that were able to start selling online were able to proceed operating despite lockdowns and restrictions.

However, firms that were slow to adopt e-commerce or lacked the vital infrastructure struggled to adapt. In fact, our research found that 47% of firms experienced difficulties with digital access and connectivity throughout the pandemic. Other problems that firms face include:

• lack of reliable broadband or mobile connection (37%)

• low broadband speed (29%)

• weak cell signal (26%)

• lack of digital skills or access to training programs (16%)

• access cost (13%)

People working from home in rural areas also faced problems due to lack of digital infrastructure, poor connectivity and lack of digital skills.

Engineer in helmet on telephone pole installing fiber optic cable
Rural communities lag behind when it comes to digital infrastructure.
Chris Howes/Alamy

Filling the gap

In the long run, increased reliance on online work, education and public services resembling online health and social care will probably be much more detrimental to people without adequate web access. The digital divide between individuals with higher and lower incomes is widening.

An example was higher income households more probable have access to technology for homeschooling and distant work throughout the pandemic, unlike those with lower incomes.

The gap in access to digital technologies is usually determined by location. Remote and sparsely populated areas often lack adequate broadband and mobile signal coverage. Closing this digital divide is crucial for economic growth, social inclusion and access to basic services.



To address the digital divide, UK and devolved governments must spend money on digital infrastructure in rural areas to ensure at the least minimum quality coverage all over the place. Local authorities could introduce programs to enable people to gain access to cost-effective computing devices and web access.

Enhancing digital skills and empowering businesses in rural areas can be key. Strengthening digital skills training would higher prepare future generations for a digital world.

Additionally, businesses in rural areas need tailored support resembling funding for digital infrastructure upgrades, training opportunities, and privacy and consumer protection guidelines to enable their digital and sustainable development.

This article was originally published on : theconversation.com
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Business and Finance

Can credit card debt become uncollectible? It depends on the location

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credit cards, personal finance, credit scores, debt


August was a historic moment for Americans. AND report from the Federal Reserve Bank of New York found that Americans owe a record $1.14 trillion on their credit cards. Credit card balances reportedly increased by $27 billion in the second quarter of 2024, a rise of just about 6% from the previous 12 months.

Unfortunately, credit card delinquency rates are also higher. In the second quarter of 2024, 7% of households reported being seriously delinquent on their credit cards (90 days or more) in comparison with 5% at the same time in 2023.

Vonda Copeland, co-owner of Copeland Insurance Agency, he said that with the current economy, high rates of interest and job uncertainty, increasingly more individuals are using credit cards to satisfy basic needs. Unfortunately, it is a terrible recipe for defaulting on payments.

According to them, the average American has a complete balance on their credit card of about $6,501 Experimentand as increasingly more people seek debt relief, questions arise about whether credit card debt can become uncollectible. It seems that it depends on many aspects, including the location of the credit card user.

Factors resulting in bad debt

James Lambridis, founder and CEO of DebtMD, said creditors typically sell unpaid debts to collection agencies inside three to 6 months. Most agencies attempt to withdraw between 20 and 40% of the original balance.

Credit card debt becomes uncollectible after three predominant aspects: the expiration of the statute of limitations, a bankruptcy filing, and a call by creditors to discharge the debt.

If there may be a statute of limitations, it begins when creditors start sending notices and letters looking for payment for the debt.

“If a debt remains unpaid within the statute of limitations – typically three to 10 years depending on the state – the creditor loses the right to sue for repayment,” said Kristy Kim, CEO and co-founder of TomoCredit, adding that the debt is legally time-barred and is legally uncollectible.

Even though creditors lose the right to sue borrowers or collect their wages once the debt becomes uncollectible, Kim says the debt can still appear on your credit report and affect your rating for as much as seven years.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Shannon Sharpe recalls bad financial advice about Google

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Shannon Sharpe, makeup, Mark Cuban


Shannon Sharpe believes he could be a member of the Billionaire Boys Club today if he hadn’t received bad financial advice a few years ago.

While talking about money and investing with business mogul and Dallas Mavericks owner Mark Cuban on his Sharpe platform told how he once considered investing in Google early on but decided against it after a financial advisor advised him against it.

“I remember when Google came out and they thought the stock was going to be around $85 a share,” Sharpe recalled. “I remember telling my financiers, ‘You know what, I just signed with the Ravens, I’ve got some money. Man, I would love to buy $300,000 worth of Google stock.”

Sharpe’s financial advisor thought Google’s stock was overvalued at $115 and convinced him to desert his investment. Thinking about it now, Sharpe realizes how much he could gain in the long term if he bought the stock at this price. Sharpe also spotted an early investment opportunity in Netflix that he missed.

“That s… there!” Sharpe shouted to Cuban. “With you I would be a billionaire!”

“You fucked up,” the Cuban laughed.

After a 14-season NFL profession and becoming a successful sportscaster and podcast host, Sharpe built net price of $14 million. He earned $22.3 million during his time within the NFL, which included a four-year, $13.8 million contract with the Baltimore Ravens in 2000 and a $16 million contract with the Denver Broncos in 2002.

After retiring, Sharpe was a sports commentator on CBS Sports, Fox Sports and ESPN. His latest commentary will be found from Stephen A. Smith. Sharpe also prepared cognac, who will be seen drinking on his platform, Le Portier Shay VSOP Cognac.

Considered top-of-the-line tight ends in NFL history, Sharpe ranks third in profession receptions, receiving yards and touchdowns for his position. In 2011, he was inducted into the Pro Football Hall of Fame.


This article was originally published on : www.blackenterprise.com
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Business and Finance

5 Grant Options for Black-Owned Small Businesses

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Bbusinesses are sometimes missing face unique challenges on the subject of securing financial support. Whether you are just starting a business or trying to expand, grants can allow you to get financial help without accumulating debt. According to Grantwatch AND nerd wallet, listed below are five grants specifically for minority-owned businesses.

  1. Brown Girl Jane X Shea Moisture

Jane girl brown and shea wetness joined forces to assist women-owned beauty brands. The firms are awarding grants starting from $10,000 to $25,000 to Black and women-owned beauty brands. To be eligible, an organization have to be incorporated within the United States and have been in business for at the very least one yr.

  1. Corporate advisor “Women of Color”.

The Corporate Advisor Women of Color andoffers $2,500 grants to women entrepreneurs of color. To qualify, businesses have to be legally for-profit based within the United States and incorporated on or before January 1, 2020, and entrepreneurs have to be 18 years of age or older on the date of application. CCWC will award grants in January 2025.

Additionally, the organization provides mentoring to aspiring business owners. Visit the CCWC website for more information.

  1. Global D Prize Competition

According to the organization’s website, Global D-Prize competition is an initiative that supports small businesses and addresses social issues akin to poverty.

We provide startup grants of up to $20,000 to entrepreneurs establishing new organizations. We consider the world needs more social impact organizations and we’re creating for-profit ventures.”

This grant is offered to U.S. and international businesses. The deadline for submitting applications is November 3, 2024.

  1. Wish Strengthening Program

The We wish you an area empowerment program offers grants starting from $500 to $2,000 to support struggling Black-owned businesses. Eligible businesses have to be black-owned and have at the very least 20 employees. They must even be based within the United States.

  1. HerRise microgrant

The HerRISe microgrant The initiative supports women-led businesses. The organization awards a $1,000 grant to a business owner every month. The company have to be at the very least 51% women-owned, incorporated within the United States, and have gross revenues of not more than $1 million. Grant applications closed on the last day of every month.

For more information on grants for Black-owned businesses, visit US Small Business Administration.


This article was originally published on : www.blackenterprise.com
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