Dear Daniela, In this Must Know… The Need for An Equitable Small Business Recovery The pandemic was not kind to business owners of color. A McKinsey analysis found that “4% of businesses run by black Americans are still in business after 3.5 years compared with the national average of 55.5%.” As we move deeper into the recovery
Before the global pandemic, in 2019 the Tax Policy Center released disturbing data about Black and Hispanic households. Black households in America have a median net worth of $17,000 or 10% of white household wealth and Hispanics are at $20,720 or 12% of white household wealth. Nor was the pandemic kind to Black and Brown
Mina Wilcox comes from a long line of entrepreneurs. Her grandfather was a printmaker, and her parents ran a restaurant in Japan. So, with her husband’s encouragement of her artistic abilities, and despite the challenges of having English as her second language, she decided to open her own business in 2014. Art Mina features her beautiful hand-printed artwork on California Eco-Friendly items.
In this Must Know… Strategic Management Framework Courses for CDFIs Last fall, at the Clinton Global Initiative 2022 Meeting, CAMEO made a commitment to develop and launch a National CDFI Academy that would provide professional training and resources to thousands of CDFI staff members across the country. We are very excited to see the first major track
In this Must Know… 2023 State of the Union On Tuesday night, President Joe Biden delivered his second State of the Union address before Congress. As expected, the President focused on post-pandemic economic recovery along with his administration’s accomplishments and future plans. With regards to small business, he mentioned the 10 million Americans who applied to
Tana Harris had been in the construction industry for nearly 20 years when she started thinking about starting her own business. In 2013, she attended Renaissance Entrepreneurship Center’s introductory business class. What started as just an idea came to fruition as Harris Hoisting, the only African-American woman owned hoisting company in the city of San Francisco.
Digital Literacy and Fluency Resources In a post-COVID-19 world, being able to operate digitally is not optional for small businesses that wish to succeed. CAMEO convened a roundtable of practitioners, stakeholders, and clients to determine the skills needed to survive and thrive in the new digital economy. The result is a compilation of resources for