After a tough 20 months, we need to support small businesses more than ever during the holiday shopping season. Luckily, many CAMEO members are putting together guides and lists of their small business clients to make it as easy as possible to find the perfect gift for family and friends while keeping our local economies
Category: news
New Responsible Lending Policy Wins
On November 18, 2021 Rep. Nydia M. Velázquez, the Chairwoman of the House Small Business Committee, and Senator Robert Menendez (D-NJ) introduced the bicameral Small Business Lending Disclosure Act. This bill aims to protect small business borrowers from predatory lenders and loans carrying unfair terms and conditions and would ensure safeguards already required in consumer
PCV’s Oakland Restorative Loan Fund
There is a new resource for Oakland small business owners: $2.5 million in no fee, zero-interest loans are now available through PCV’s Oakland Restorative Loan Fund. Loans are available from $10,000 – $100,000. During this initial launch of the program, we are intending the first $2.5M to reach BIPOC + AAPI-owned businesses based in the
Entrepreneurship Advantage November Virtual Meetup: Let’s celebrate a year of hard work!
About Entrepreneurship Advantage is a Los Angeles-based collaboration that is passionate about helping entrepreneurs thrive. We had our last Entrepreneurship Advantage Virtual Meetup of the year! We learned about The South Los Angeles CDFI Consortium, networked with colleagues, and celebrated a year of hard work! The South Los Angeles CDFI Consortium is a group of
State Support for Small Business: Tax Credits, Venue Grants, and More
The Governor’s Office of Business and Economic Development has released two very important sets of rules regarding business incentives available through the state. First, the California Venues Grant Program is open for applications through November 19, 2021, and applicants can apply at www.cavenuesgrant.com. Second, guidelines for the allocation of $150 million in Cal Competes Grants
Black Women Business Startups
According to the US Census from 2002-12, the number of businesses owned by black women increased 179 percent compared with 52 percent for all women-owned businesses and 20 percent for all businesses. Federal Reserve Bank of Kansas City issued a report entitled “Black Women Business Startups” on the results from five focus groups held in
CAMEO’s California Relief Grant Cohort Rocked It
The California Relief Grant launched over the Christmas season of 2020 and ended on September 30, 2021, with the state granting $4 billion to California small businesses. CAMEO played two main roles: we partnered with Lendistry and we partnered with 17 member organizations, aggregating smaller organizations into a cohort to meet the required deliverables. As
2021 Wrap-Up: 8 New CA Laws Impact Nonprofits
Thanks to our colleagues at CalNonprofits who pulled together the legislation that California passed in the FY 20-21 legislative session that will affect nonprofits. AB 488 Under this new law, platforms will have to disclose all processing fees upfront. They’ll need to get consent, in most cases, before using a nonprofit’s name to solicit funds.
California Ranks 15th in Prosperity Now’s Scorecard
Our colleagues at Prosperity Now prepare an annual Scorecard on the state of economic inequality. The Scorecard is “a comprehensive resource for data on household financial health, racial economic inequality and policy recommendations to help put everyone in our country on a path to prosperity.” It recently became available at the local level for cities,
Commercial Eviction Moratorium Ends
The Governor’s Executive Order on commercial the eviction moratorium, expired on Thursday, September 30, 2021. Thus, ended the protections that prevented commercial evictions of small businesses and non-profit organizations for nonpayment of rent. Back rent may be due in full depending on the payment plan or other agreement negotiated between the tenant and landlord. Several