“History, despite its wrenching pain, cannot be unlived, but if faced with courage, need not be lived again.” – Maya Angelou
Read our statement in support of the black community.
In this Must Know…
- We Need You to Testify Tomorrow AM
- CAMEO Members Help Save Thousands of Jobs
- The PUA Legal Clinic for the Self-Employed has been extended until August 14, 2020.
- We interviewed Cristina Garcia, program coordinator for Women Vets On Point in Los Angeles.
- This week’s Goodie highlight is the upcoming GrowthWheel Certification Course.
We Need You to Testify Tomorrow AM
CAMEO has been working on responsible business lending policy with our colleagues at the RBLC and now is the time for you to step in to stop predatory lending to our small businesses.
Tomorrow at 8:30am PT, the Assembly Banking and Budget Committees will hold a joint hearing on the DBO Expansion. This would create a CFPB-like entity that would protect consumers and with some clarifying amendments would protect small businesses.
We need a good showing of small business champions so that any opposition (the companies who don’t want to play nice) is drowned out.
It’s easy to participate with our script and instructions to access the hearing.
CAMEO Members Help Save Thousands of Jobs
Released under the Freedom of Information Act, the federal loan data for the Paycheck Protection Program reported a total of $18 billion dollars spread across a variety of business types and industries for loan sizes less than $150,000 as of June 30. Of that funding, CAMEO members accounted for $178 million disbursed across 5,600 organizations, which translates to 24,500 jobs retained.
Read a breakdown of the data in our latest MicroBiz Blog.
PUA Legal Clinic Extended
CAMEO partnered with Renaissance Entrepreneurship Center, Legal Aid At Work, and the Arthur and Charlotte Zitrin Foundation to set up a free legal clinic to help self-employed workers determine if they’re eligible for PUA and guide them through the application process.
The clinic is being extended at least until August 14, 2020. Please help us spread the word and refer your clients who may need this assistance. Access our toolkit for cut and paste emails and social media posts.
The Goodies
For Your Clients
- The Outsmart Disaster initiative developed two free tools to support small business resiliency efforts.
- Applications for the California Competes Tax Credit Program are open until August 17, 2020.
Webinars and Other Training
- A live online GrowthWheel Certification Course is taking place August 11-3, 2020 at 9:00am PDT.
- If you missed Accion’s webinar on PPP loan forgiveness, the recording is available.
New Research
- CRC and SFOFE released a new report, Assessing the Financial Services Response to Racism, Inequality, and COVID19.
- A new report by Prosperity Now analyzes how the most vulnerable households are navigating the financial impact of COVID-19.
Other Goodies
- Member Kudos: The San Diego and Imperial SBDC helped businesses access over $96 million in disaster capital since March.
- Jobs: Pacific Community Ventures, The Grow America Fund, and Renaissance announced new jobs recently. See who else is hiring!
