In this Must Know…
- Federal Programs Updates
- Join “Strengthening Poeple Practices: HR Management and Development,” on August 21 and 28, 2025.
- Resources for Immigrant Businesses and Communities
- Use our social media toolkit to spread the word about the SCALE program
- This week’s Goodie Highlight is the Federal Reserve Banks’ recent report on Findings from a Survey of Small Business Resource Organizations.
Federal Programs Updates
On Monday, the House Appropriations Committee released its FY 2026 Financial Services and General Government (FSGG) bill, proposing:
- $276.6M for the CDFI Fund
- $150M for SBDC grants
- $27M for WBCs
- $8.5M for SCORE
While these numbers are closer to FY25 levels and much less steep than the President’s budget, final funding remains uncertain. Contact your legislators this summer and share how program cuts would affect your work and the businesses you support.
| In other news, the Department of Treasury has named Dietrich Douglas as Acting Director of the CDFI Fund, following the resignation of Director Pravina Raghavan. Acting Director Douglas has served as the CDFI Fund’s Legal Counsel since January 2023. |
Training: HR Management and Development
Strong HR practices are key to supporting your team and advancing your mission. Join CAMEO Network’s National CDFI Academy for a two-part virtual training, “Strengthening Poeple Practices: HR Management and Development,” on August 21 and 28, 2025. Led by HR expert Shannon Mick, this hands-on series is tailored for CDFIs and explores the fundamentals of HR through an equity-informed lens. Strengthen your foundation and better serve your people—register today!
Resources for Immigrant Businesses and Communities
Last week, CAMEO Network member Opening Doors launched the Sacramento RISE Hub to support local immigrant communities facing raids and other enforcement actions. In partnership with community organizations, the Hub offers rapid response, legal aid, and education.
CAMEO Network has also compiled a list of resources across California to assist immigrant businesses and communities impacted by these challenges.
Help Us Spread the Word about SCALE
In partnership with the California Office of the Small Business Advocate (CalOSBA) and resource partners across the state, the SCALE initiative is designed to connect small businesses with coaching to help them successfully access affordable capital.
Help us spread the word! Use this social media toolkit to promote the SCALE program to your clients – especially those starting their access to capital journey.
The Goodies
New Research
- The Federal Reserve Banks published a report on recent trends and conditions for small businesses. Findings indicate increased challenges overall for businesses as well as for resource organizations.
- The SBA Office of Advocacy released the 2025 Small Business Profile for California.
For Your Clients
- Freelancers Union’s recent blog post answers a host of contract questions such as when to get a lawyer, negotiation tips, language advice, and more.
- AMIBA is hosting a virtual Local Leaders Roundtable on Small Business Success with Silver Lining, on July 30, 2025 at 10:00am PT / 1:00pm ET.
Other Goodies
- Industry News: USDA is ending a longstanding policy provision that required it to produce outreach and technical assistance to historically underserved farmers to ensure that they have access to grants and other resources.
- Jobs: NCRC, UC Berkeley, IEWBC, and the Bay Area Jobs First Collaborative announced new jobs recently. See who else is hiring!