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Election Edition

“Fight for the things that you care about, but do it in a way that will lead others to join you.” – Supreme Court Justice Ruth Bader-Ginsburg.

In this Must Know…

CAMEO’s Statement on the 2020 Election

We join millions of Americans today as we wait for the results of the 2020 Election.

After a full vote count, we need the winner to include small business recovery as part of their COVID-19 response plan. CAMEO will continue to ensure that small businesses are a priority. As we’ve seen throughout the pandemic, small businesses are crucial to our economy and the country’s family and community sustainability and they are hurting. Small businesses need certainty. They need access to capital and a strong entrepreneurial ecosystem. The access needs to be available to all, not a select few, and resources need to be distributed equitably.

Our work of helping entrepreneurs – especially women, low wealth entrepreneurs, and BIPOC business owners – gives hope to the single mother who sent four children to college after she started her own tailoring business. Our work gives strength to those who needed it, to the successful BBQ-joint owner who had no work prospects when leaving prison, who now employs other returning citizens. Our work provides capital to the family-owned hotel to pivot their business in the middle of a pandemic.

No matter who wins, we’ll advocate for continued support of under-served and under-valued business owners – the women, minorities, veterans and immigrants that are starting businesses at far faster rates than the general population and will help our economy recover. We will continue to emphasize the key role that business ownership plays to close the wealth gap. We will continue to advocate for policies that support a strong entrepreneurial ecosystem, which is needed now more than ever.

The CAMEO Staff

Carolina, Heidi, Emily, Susan, Mark, Melissa, Michael, and Daniela

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Implementation of SB 1235

The Responsible Business Lending Coalition (RBLC) sent final recommendations for the SB 1235 draft rule to the California Department of Financial Protection and Innovation (DFPI) last week. We have a lot of wins on our truth-in-lending law, but want a few improvements that will provide more transparency and ease of comparison for the small business borrower.

The DFPI is holding a public hearing on November 9, 2020 at 1:00pm PDT on the proposed regulations for SB 1235. If you’d like to testify, email Heidi Pickman for talking points.

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