“History, despite its wrenching pain, cannot be unlived, but if faced with courage, need not be lived again.” – Maya Angelou
Read our statement in support of the black community.
In this Must Know…
- COVID Response Survey Results
- Regional Member Meetings
- Join “What Powerful Data Can Do For You: California WBCs Measure Up! Project” on September 10, 2020 at 2:00pm PDT.
- This week’s Goodie highlight is SBA’s Economic Injury Disaster Loans program, which expires September 30, 2020.
COVID Response Survey
CAMEO members have seen the impact of the pandemic on small business owners and entrepreneurs first-hand. Your submissions to our COVID-19 Response Survey show the ways in which you have worked to meet changes in demand for your services and products.
Check out our CAMEO blog for a summary of the results from the survey.
Some of the highlights include:
- CAMEO members saw an average of 155% more clients per month compared to before the outbreak.
- Of survey respondents who are offering financial assistance, 67% are providing grants, 33% are providing loans, and 17% are providing loan packaging services.
Regional Member Meetings
Though we aren’t meeting in person, we are convening virtually with our members in every region to talk shop and network.
Our upcoming meetings include:
- Entrepreneurship Advantage, Greater L.A. Region Virtual Meetup TODAY at 11:00am.
- Inland Empire Regional Member Meeting on September 3, 2020 at 3:00pm PDT.
- Central Coast Regional Member Meeting on September 15, 2020 at 3:00pm PDT.
Look for more regionals in the fall.
Webinar: WBCs Measure Up!
Join “What Powerful Data Can Do For You: California WBCs Measure Up! Project” on September 10, 2020 at 2:00pm PDT.
Data is important to make the case for your programs and improve client outcomes. In this webinar, CAMEO and the California WBC Network share the Measure Up! project’s work over the past 12 months using processes and tools that you can use to have powerful data when you need it. We’ll also discuss the project’s process, challenges, and successes.
The Goodies
New Resources
- CalCAP is a loan loss reserve program which provides up to 100% coverage to participating lenders on losses as a result of certain loan defaults.
- In Democratizing Finance: Origins of the Community Development Financial Institutions Movement, Clifford Rosenthal highlights historical efforts to bring capital to Black communities.
For Your Clients
- SBA is still accepting applications for federal disaster loans for property damage caused by civil unrest and SBA Economic Injury Disaster Loans.
- The LACI Founders Business Accelerator is a free program to help small businesses in underserved communities in Los Angeles. The deadline for Cohort 3 is August 30, 2020.
New Research
- The SBA Office of Advocacy released its 2020 Small Business Profiles For Congressional Districts (note: the report uses pre-COVID data).
- Thumbtack released the results of its 9th annual Small Business Friendliness Survey, with a special focus on the response to COVID-19.
Other Goodies
- Member in the News: JFLA’s emergency loan program was featured on Wednesday’s ABC7 news broadcast.
- Jobs: Working Solutions, Pacific Community Ventures, and The Grow America Fund announced new jobs recently. See who else is hiring!