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2022 CDFI Fund Awards: Congrats to the Recipients!

Last year, the U.S. Department of Treasury awarded 27 California CDFIs nearly $11.5 million. The financial assistance (Base-FA) awards of up to $1 million allow CDFIs to lend capital, loan loss reserves, capital reserves, financial services, and development services. The Technical Assistance (TA) awards of up to $125,000 are used for capacity development to purchase

2023 CAMEO Summit

ADVOCACY DAY MICROLENDERS FORUM Champion a strong ecosystem of resources for entrepreneurs. Build capacity for your team with colleagues and subject matter experts. Agenda Agenda 8:30-9:00 am – Registration and Networking9:00 am-12:00 pm – Discussions with Policy Makers12:00-1:00 pm – Working Lunch and Prep for Meetings1:00-4:00 pm – Meet with Legislators4:00-6:00 pm – Debrief Happy

The Need for an Equitable Small Business 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

Enacted Laws on January 1, 2023 for Micro and Small Businesses

California has laws that passed last year and took effect January 1 that impact micro and small businesses. Some legislation will increase the cost of doing business. This includes an increase in the minimum wage and expanded paid time off opportunities. Make sure your clients know about the following laws. Employee Benefit Bills  AB 1041

For Your Clients: Technical Assistance Program Opportunity

Silver Lining Action Plan (SLAP™) is a proven, comprehensive, tech-enabled, data-driven behavior change growth program that will help business owners set, then hit financial goals. In addition to advancing a small business, benefits of this program include: SLAP could be useful to some of our members, Silver Lining is partnering with economic development organizations to

Supporting Micro Enterprise Home Kitchens

By Addison Peterson, CAMEO’s Policy Specialist. Since 2018, California Micro-enterprise Home Kitchen Operation (MEHKO) laws have allowed aspiring chefs to start their business at home. They no longer have to wait to save for expensive restaurant space or a food truck. This low-cost option allows a chef to narrow down their menu, test their food

Opportunity for Members: Two Cool Tools for Capacity Building

In alignment with U.S. Bank’s Access Commitment, USBCDC’s Business Impact Group is launching a new program: USBCDC Access Capacity: Strengthening BIPOC-led Nonprofits. Through this program, U.S. Bank will sponsor a limited number of BIPOC-led nonprofits to have free access to one or both of the two capacity-building platforms Resilia and Catchafire through 2023. Resilia has

Entrepreneurship Advantage Holiday Marketplace

Last week, CAMEO and Entrepreneurship Advantage hosted a Holiday Marketplace in Los Angeles. We had vendors from local small businesses as well as an art exhibition! It was a huge success and we want to thank all those who came to support LA’s entrepreneurs.