In this Must Know…
- Vice President Kamala Harris unveiled her small business policy plan.
- SB 1286 and SB 1103 made it out of the California Legislature!
- Register for our September trainings
- CAMEO Network CEO, Carolina Martinez, recently appeared on the Power Station podcast to discuss how our network is helping to build a more equitable and inclusive ecosystem for entrepreneurs.
- This week’s Goodie Highlight is the Bay Area Jobs First Catalyst Program. The deadline to apply is September 20, 2024.
Vice President Harris’ Small Biz Plan
Vice President Kamala Harris unveiled details of her small business policy plan during a speech yesterday in New Hampshire. The plan includes:
- Calling for a goal of 25 million new small-business applications during her first term
- Significantly expanding the tax deduction for start-up expenses
- Proposing standard deductions for small businesses to file taxes
- Pledging to expand contract opportunities for rural and other underserved small businesses
- Launching a small business expansion fund
- Reducing barriers for occupational licenses
- Reduce burdensome small business regulations
Both as a senator and as vice president, Harris led efforts to invest billions in CDFIs. CAMEO Network is hopeful that these commitments will continue in the next administration.
Two CAMEO-sponsored Bills Reach the Governor’s Desk
Two of CAMEO Network’s sponsored bills made it out of the California Legislature last week and now await the Governor’s signature:
- SB 1286 (Min) protects small business borrowers from harassment in debt collection.
- SB 1103 (Menjivar) expands translation requirements, limits security deposits, and increases notice periods for contract termination in commercial leases.
After a series of amendments, SB 1482 (Glazer) was pulled by the author. But rest assured, our fight to end predatory small business lending is not over!
September Trainings
- CDFI History and Impact on September 18, 2024 at 12:00pm PT.
- SBA Microloan Program 101 on September 19, 2024 at 10:00am PT.
- Green Leasing 101 on September 19, 2024 at 10:00am PT.
- Applying Behavioral Science to Business TA: Lessons Learned on September 25, 2024 at 10:00am
- Maximize Impact: CalSavers Guide & Marketing Strategy for Micro Enterprises on September 26, 2024 at 11:00am PT.
The Goodies
For Your Clients
- Pacific Community Ventures and its partners launched the $3 million Oakland Restorative Loan Fund 2.0 to offer zero-to-low interest loans to small businesses in Oakland, CA.
- Small Business Majority is hosting a webinar on clean energy and energy efficiency incentives for small business on September 11, 2024 at 11:00am PT.
Funding Opportunities
- NCRC has extended the deadline for the 2024 Field Empowerment Fund. Applications are now due September 13, 2024 and they are now providing limited funding for applications outside the target geographies.
- Applications for the Bay Area Jobs First Catalyst Program are open. The deadline to apply is September 20, 2024.
Take Action
- Use CalNonprofits’ toolkit to urge Gov. Newsom to sign the California Nonprofit Equity Initiative Bills which will significantly strengthen the nonprofit sector.
- Use NALCAB’s media toolkit to urge your members of Congress to support robust funding for programs that are vital to Latino and LMI communities.
Other Goodies
- Industry News: Last week, a Texas federal court upheld the legality of Section 1071 of the Dodd-Frank Act, which allows the CFPB to require lenders to collect and report demographic data.
- Jobs: California Budget and Policy Center, CWA, and AFR Education Fund announced new jobs recently. See who else is hiring!