TA business assistance program.
Other exciting developments include: Opportunity Fund’s partner program that takes an existing infrastructure and makes it more robust by adding loan products to a business assistance; and LivePlan’s easy to use business plan program. Check out what LivePlan can do for you (video) – key takeaways:
- CAMEO members that fill out the Census by July 14, 2017 will receive $100 toward lunch for their staff.
- California State Budget
- Changing Face of Business Assistance
- And…Action! – Taking the week off
- The Goodies – This week’s highlight is
California State BudgetWe won two and lost one in the FY 2017-2018 California Budget that becomes finalized today. Winners were business development and the self-employed.
- The Earned Income Tax Credit (EITC) will be expanded to cover the self-employed (entrepreneurs) and individuals and households with incomes up to $22,300.
- The SBDCs will receive $3 million, that’s an additional $1 million from the Governor’s May revise, but $1.8 million short of what was proposed by Assemblymember Cooper.
Changing Face of Business AssistanceAt this week’s annual meeting we hosted a great panel on the changing face of business assistance. We looked at five different organizations and how they are addressing business assistance. The panelists described their evolution over time, how their attitudes have changed, the outcomes of their program, how they use technology, and how they are leveraging platforms to help their clients. You can access the slides by clicking on the names below:
- Bo Ghiradeli, Youth Business USA: technology links millennials to mentors
- Lindsey Crumbaugh, Samaschool: the gig economy can be accessible and profitable for disadvantaged populations
- Daniel Fernandez, Opportunity Fund: business assistance providers can offer a white label online microlending product
- Rani Kroeger, Uptima Business Bootcamp: a for profit business assistance organization engages clients as members
- Josh Fegles, Palo Alto Software, maker of LivePlan: an online tool efficiently creates business plans
- Increase center effectiveness (double counseling hours and triple capital infusion)
- Improve client engagement (double retention rates)
- Teach entrepreneurship using LivePlan (spending less time on financials)
And…Action! – Federal News and RafflesThe 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 News U.S. House of Representatives voted to gut key portions of the Dodd-Frank Act. This move would undo many provisions of a law that has addressed causes of the 2008 financial collapse and has protected small business borrowers from predatory lenders. Our friends at Small Business Majority weighed in. The legislation – H.R.10 – Financial CHOICE Act of 2017 – is now in the Senate. Let Senators Feinstein and Harris know that you oppose this legislation.And if your representative voted for the bill (the roll call votes), let them know that it’s not okay. Find your representative. California Only nonprofits can conduct raffles in California, but raffle laws are under discussion for changes. CalNonprofits is helping to shape the legislation. Take this survey to aid them in the development of public policy and legislation on raffles by telling them how you use raffles. It only takes a few minuts Think about where you work and volunteer yourself, as well as friends and family who could answer this survey on behalf of:
- their church, temple, or other religious congregation
- PTA or parent club
- high school band
- youth soccer league
- Rotary, Kiwanis, Soroptimists and other service clubs
- condo association (HOA)