New Address: Two Embarcadero Center, 8th floor, San Francisco, CA 94111     

SBA and Micro Funding for FY12

See page 112 for the Senate Appropriations bill that determines the SBA budget. Download a FY2012 Budget to FY2010 Budget Table pre Conference thus far. The following summary was provided by Townsend Public Affairs: The Committee recommended the SBA to be funded at $955 million, an increase of $225 million above the FY2011 level. The

American Jobs Act

Yesterday, the country watched President Obama’s jobs speech to a joint session of Congress in which he unveiled the American Jobs Act – a $447 billion plan to stimulate job creation and put the economy back on the right track. You can get the details of the American Jobs Act or view a graphical representation

PRIME Grant Awardees

Today this year’s Program for Investment in Micro-Entrepreneurs (PRIME) awards were announced. Congratulations to: Asian Pacific Islander Small Business Program/Little Tokyo Service Center, CAMEO, Central Valley Business Incubator, C.E.O. Women, El Pajaro, MEDA, OBDC, Opportunity Fund, Pacific Asian Consortium in Employment, Renaissance Entrepreneurship Center, VEDC, Women’s Economic Ventures, and Women’s Initiative for Self Employment. California

Technology Training for Small Biz

CARAT has funding from the California Emerging Technology Fund (CETF) to provide technology training to small businesses in California. This is stimulus project funding through the US Department of Commerce, National Telecommunications and Information Agency (NTIA). CARAT is collaborating with partners in 6 regions in California to administer the targeted technology training program. The training

SC WIB Beats ROI Gold Standard

The gold standard for venture capitalist is a 10 times return on investment. What this means is for every dollar invested you get $10 back.  The Santa Cruz California Workforce Investment Board (WIB) beat that goal with a $50,000 investment in ‘Layoff Aversion.’ Working together, Davis Lundberg and the staff at the Santa Cruz County

Central Coast Meeting Notes

*Suggestion to increase partnerships with WIBs and CAMEO members: have MDO sit on WIB board and vice versa *Potential measure: entry into incubation program as outcome of training *WIBS create percentages of training in certain categories/occupations – have entrepreneurship be one of the categories – and present to local WIB board *Need good models to

Chai Lee, Chai’s Cleaning Service

Escaping the harsh realities of life in a refugee camp was a victory for Chai and his family, but he had to re-build his life. Chai liked the idea of owning a business. He had no credit history and very little collateral, but wanted to buy a janitorial franchise. Because of an $8,000 loan and training from Fresno CDFI, Chai Lee was able to realize his dream of running his own business.