In her video, Judy addresses Federal Assistance for small business that has happened so far, and dives into what is in the works. She goes into depth of the PPP program where $800 billion went to small businesses through forgivable loans. This allowed businesses to keep employees on payroll when their businesses were not able to operate during the height of the
Category: news
Inclusive Small and Micro Business Lending Post-COVID
Thanks to our rock star line up of speakers and the over 130 registrants who made our 2021 Virtual MicroLenders Forum a success. This year was the first time that we opened the Forum up to our friends and colleagues outside California. Besides the great content and networking, CAMEO was excited to unveil our expanded
Rebuilding Better Grant
CAMEO is excited to announce we received the Rebuilding Better grant from Ewing Marion Kauffman Foundation to do policy work around racial justice. CAMEO was one of 21 organizations that was selected to support activities that engage entrepreneurs in advocacy. Congrats to our other colleagues that include AEO, RCAC, Common Future, and Micro Enterprise Services
CAMEO’s Loan Loss Reserve Program
Congratulations CAMEO Grantees! We are pleased to announce the grantees of CAMEO’s Loan Loss Reserve Program sponsored by Union Bank. Five microlenders will receive grants of $9,000 each for loan loss reserves to support their microlending to entrepreneurs of color in California. We know that CDFI’s need access to flexible grant dollars for loan loss
Changes in COVID Relief Assistance
Recent events have some federal programs ending and others beginning. And California is has some support to fill the gaps. Unemployment On Saturday, September 4, 2021 most federal unemployment benefits will expire, including Pandemic Unemployment Assistance (PUA), Pandemic Unemployment Emergency Compensation (PEUC), the $300 Federal Additional Compensation (PAC) (also known as Federal Pandemic Unemployment Compensation
Lots of Movement on Responsible Business Lending in California
In 2018, SB 1235 was signed into law with the support of CAMEO and our partners in the California Responsible Business Lending Coalition (RBLC). The legislation is the first in the nation for truth-in-lending protections for small businesses. Since then, we have continued working with the Department of Financial Protection and Innovation (DFPI) during the
California State Budget 2021
The California legislature approved a $263 billion budget proposal Monday that is now sitting on Governor Gavin Newsom’s desk. While negotiations were over homelessness, transportation, and education, most of the small business pieces were not up for negotiation. Some of the budget pieces that will benefit our sector and your clients include: $1.5 Billion was added to the COVID-19
Entrepreneurship Advantage June Virtual Meetup: Modernizing TA for Minority-Owned Small Businesses
The Milken Institute is researching how to modernize evaluation strategies and improve the responsiveness of small business technical assistance (TA) programs through the application of behavioral science. Applying behavioral science means that you’ll understand: Elements that go into the small business owners’ decision making process, such as what stresses them out, their views on money, their
Celebrating Juneteenth and Black Excellence
On June 19, 1865, Union Army General Gordon Granger proclaimed freedom from slavery in Galveston, Texas. This marked the moment when all of the South’s slaves were finally informed of President Lincoln’s Emancipation Declaration, and their freedom was enforced by the Union Army. These days, June 19 – Juneteenth – is celebrated across the country
Advocacy Day Success!
Thank you from the bottom of our hearts to everyone who attended Advocacy Day 2021! Nearly 100 attendees made it our best Advocacy Day yet – and the mood was celebratory. The hard work and dedication of our sector to lift up the smallest and most vulnerable small businesses and entrepreneurs during one of the