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COIN Tax Credits and Free Rent Webinar

Congrats to the CAMEO members who received a CDFI award!

In this week’s Must Know

  • COIN 2012 California CDFI Tax Credits
  • Webinar: Business Incubation and Free Rent Opportunity for your clients
  • The Goodies: information on important opportunities like trainings, funding, scholarship programs.

COIN 2012 California CDFI Tax Credits

California Tax Credits for 2012 of $553,295 are available to support over $2.75 million in community development investments in the COIN certified CDFIs. All qualified investments must be equal to or greater than $50,000 and invested for a minimum term of 60 months, at zero percent interest (does not apply to equity investments or equity like debt instruments) to receive a 20% Tax Credit.

The COIN program is currently accepting tax credit applications for its second semi-annual application cycle. Applications will be accepted through September 30, 2012, with certifications made in December 2012.

To be eligible for the tax credit, a CDFI must maintain current COIN certification (guidelines). Beginning in 2012, CDFIs must apply annually to the COIN for renewal of their CDFI certification. CDFIs will be fully re-certified by the COIN every three years, pending the approved renewal of their annual certification.

Visit the COIN website for additional information or contact Anna Gragg at (916) 492-3422.

Webinar: Business Incubation and Free Rent Opportunity for your clients

kimco keys logo
CAMEO invites you to join Kimco Realty to learn about the Kimco Entrepreneurs Year Start (KEYS) Program- an incubator program for entrepreneurs that offers one year of free rent and business counseling.

Register now!

When: Tuesday, August 14, 2012 3:00-4:00 pm Pacific
Who should attend: anyone who works with entrepreneurs, such as business trainers, loan packagers, loan officers

Learn about

  • the benefits of program;
  • who qualifies;
  • how to qualify; and
  • why Kimco is offering this great deal.

The Goodies

New opportunities for trainings, conference information, funding, scholarships, and other information that have crossed our desks since the last Must Know: I have posted a running tab of current Goodies on the CAMEO website that lists items that were in past emails. Check it out to make sure you’re not missing anything, like grants whose deadlines are still alive!

CAMEO Takes You To Lunch: CAMEO members who completed their annual surveys on microTracker by July 31, 2012 will receive lunch on CAMEO. Thanks to CVBI, WEV and YBA who have sent us photos of their staff at their local eateries – check ’em out on Facebook.

Job Opportunities: Accion San Diego, California Farmlink, Valley Economic Development Center, Inner City Advisors, Fresno EOC and Fresno CDFI, West Company and Renaissance Marin are hiring. Please check CAMEO’s job page for more information and other listings.

Good Article: Our friend David Brodwin writes about how local governments are way ahead of the federal government when it comes to innovations in economic development. He makes good arguments you can use against the business attraction strategy.

Member Event: Accion San Diego hosts Build Your Small Business Dream Team on August 18, 2012 from 8:30a.m. to 12:00p.m., 404 Euclid Avenue, San Diego. Learn more.

Conference: Meeting of the Minds 2012 – Collective Impact (Timely Training – Regional Economies – Sector Strategies). This dynamic conference offers a framework for workforce, economic development, education and business and industry to collectively support regional economies and identify workforce development initiatives and strategies that address critical issues facing California’s major regional industry sectors. September 4-6, 2012 at the Monterey Marriott. Early bird registration ends 8/7/12. Claudia Viek and Judy Hawkins, CAMEO boardmember, are presenting.

Win $10,000+: SAP and Ashoka Changemakers are hosting a competition – The Power of Small: Entrepreneurs Strengthening Local Economies. The competition is for organizations and partnerships with innovative strategies designed to help emerging entrepreneurs and small businesses grow and thrive in underserved communities. Learn more about the competition and how to apply. The deadline for submissions is September 5, 2012.

Bay Area Office space: Renaissance Marin has two nice offices that they want to fill with compatible CAMEO members and/or lawyers, accountants, etc. that provide services to entrepreneurs. There is a corner office for $850 per month and an office right next to it for $650 per month that includes receptionist service, wifi and an opportunity to hold forums and seminars to provide information and promote services. Contact Boku Kodama by email or phone at 415.755.1115.

For Your Clients: CARAT offers free online trainings for small businesses through December. Check out their calendar.

New Member Benefit: Through 2012, CAMEO members will receive a 20% discount to the Mighty Minnow Web School in Oakland. Mighty Minnow is picking up the role of teaching technology to non-profits as Compasspoint has discontinued its tech classes. For non-Bay Area members, remember that CAMEO can help defray travel costs. Contact CAMEO for the discount code and information on assistance.