- Fill out the microTracker Census to help us make the case for the micro sector.
- Save the Date: Microlending Essentials Training, November 7-9, 2017 in Los Angeles. This new training program is for staff who want to learn the difference between micro and small business lending and do it right.
- Prosperity Now’s Scorecard – How does CA fare on Small Business?
- Non-profit Overhead
- And…Action! – Focus on Federal
- The Goodies – This week’s highlight is that applications for AEO’s Future Youth Startup Summit (FYSS) are due on Friday, July 28, 2017 (see below for details).
Prosperity Now’s Scorecard – How does CA fare on Small Business?Prosperity Now (formerly known as CFED) released its 2017 Scorecard, which finds that even as many major economic indices suggest that the U.S. economy is gaining momentum, only a lucky few are actually enjoying the opportunity to get by and get ahead. Released annually, the Scorecard is a data and advocacy tool that assesses all 50 states and the District of Columbia on measures related to how their residents are faring economically and what the states are doing to put them on stronger financial footing. This year’s Scorecard assesses the states on 113 measures in five issue areas: Financial Assets & Income, Businesses & Jobs, Homeownership & Housing, Health Care and Education. The Scorecard is rich with information to help make the case for the value of your work – following are some resources to get you started:
- Read the blog post on national findings – many households are being left behind in the economic upswing.
- Download the California profile that highlights small business.
- Listen to the Scorecard webinar or download the slides.
- Add the results to your communications calendar – download the Scorecard toolkit that has images, tweets and more.
Non-profit OverheadFair overhead cost reimbursement in government contracts and foundation grants can help nonprofits become more financially sustainable. CalNonprofits has collected best practices with their Nonprofit Overhead Project. Here’s how you can learn more:
- Attend a workshop in Riverside on the OMB Uniform Guidance for county officials and nonprofit managers on August 24, 9:30am — 3:30pm at the Riverside County Innovation Center in Riverside. Learn more about the Uniform Guidance on indirect costs, and discuss it with the very county officials who administer it.
- Read State Controller Betty Yee’s memo to all California cities and counties that urges review and compliance with the Uniform Guidance and its accepted methods for reimbursing nonprofits for indirect costs.
- Attend a workshop this fall in San Francisco (October 12 & 13), San Diego (November 2 & 3), and Los Angeles (November 16 & 17) for both grantmakers and grantseekers on how to calculate and think about nonprofit overhead.
- Read “Two-Legged Stool: New Findings from California on Nonprofits & Overhead“
And…Action! – Collect Data!The new section of the Must Know — And…Action! — is in response to the current political reality that demands that we participate more fully in the state and the federal legislative processes. We urge you to assign a staff person to be responsible for taking action. Federal Efforts Net Neutrality: Demand that the FCC respect free speech and drop its plan to gut net neutrality protections that prevent monopolies from squeezing us all for more money, slowing down websites, apps, and services, and blocking our access online content. Congress has oversight authority over the FCC — and they have to answer to us: their constituents. Find out where your lawmakers stand and urge them to defend net neutrality! It’s easy to tweet them. For why it’s important to small business owners, check out Claudia’s HuffPost piece from a couple of years ago – Small Business Not Neutral on Net Neutrality. Support the collection of small business lending data (for the why, check out last week’s Must Know).
- Submit a comment directly to the CFPB before the deadline on September 14, 2017.
- The California Reinvestment Coalition has a survey – CRC Small Business Lending Survey – that will help develop a letter to send to the powers that be.
- It is critical that your client’s voices are heard! Ask your clients to weigh in – you can reach out to them directly or ask them to complete these brief surveys by Opportunity Fund (English, Spanish)