Wednesday, December 12, 2018
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Economy
City of Los Angeles Has Collected $100 Million in Taxes From Airbnb Hosts and
December 6, 2018
As the city continues to discuss regulations to legitimize short-term rentals in Los Angeles, Airbnb announced its host community has remitted more than $100 million in transient occupancy taxes to the City in just over two years. This represents 10% of the more than $1 billion in taxes Airbnb has remitted on behalf of its host community around the world. ... read more »
Senate Budget Chair Holly J. Mitchell Praises State Study Calling on More Help for Families in Poverty
December 3, 2018
Sen. Holly J. Mitchell, chair of the Senate Budget and Fiscal Review Committee, released the following statement in response to the state Department of Social Services Task Force Report on Lifting Children and Families Out of Poverty: ... read more »
U.S. SMALL BUSINESS ADMINISTRATION ANNOUNCES DISASTER DECLARATION FOR LOS ANGELES COUNTY
November 16, 2018
The U.S. Small Business Administration (SBA) has issued a disaster declaration for Los Angeles County that will make low-interest federal disaster loans available to businesses and residents impacted by the Woolsey Fire announced SBA Administrator Linda McMahon. This SBA disaster declaration covers Los Angeles, Butte and Ventura counties as a result of the wildfires that began in California this month. ... read more »
The LA Conservation Corps Holds Nov. 2nd College and Career Fair 
WHAT:  The Los Angeles Conservation Corps (LA Corps) is hosting a College & Career Fair on Friday, November 2, 2018 for teens and young adults in Los Angeles.  ... read more / view event »
Compton Community College District Publishes Citizens’ Bond Oversight Committee Annual Report
October 18, 2018
As outlined in its bylaws, the committee has met on a regular basis to review expenditures, tour campus renovations, and ask questions. The 2016-2017 Annual Report documents the results of these activities and serves to fulfill the basic tenets of the Citizens’ Bond Oversight Committee’s charter.  ... read more »
Report Reveals Disturbing Gap Between Cost of Living and Actual Wages in L.A.
October 18, 2018
A recent report by the USC Price Center for Social Innovation revealed that Los Angeles’ job market may not be sustainable under an ever increasing affordable housing crisis. The city’s fastest growing industries, including healthcare, food service and technical services are hurting, said researchers, because workers cannot afford to live in the L.A. area. High living costs are forcing longer commutes, making it harder to recruit and retain workers. ... read more »
CRL Calls for Firing of CFPB Fair Lending Official Who Used N-Word
October 11, 2018
Recent and stunning disclosures of racially-offensive writings by a high-ranking official at the Consumer Financial Protection Bureau (CFPB) has unleashed an escalating barrage of criticisms, including calls for the official to be fired and more probing questions regarding the agency’s commitment to fair lending. ... read more »
Consumer Beware! Thieves are Using Gift Cards and Other New Scams to Steal Your Money
September 27, 2018
Over 1 million people filed fraud complaints with the Federal Trade Commission last year, according to its Consumer Sentinel Network Data Book.  The secure, online database is based on unverified reports filed by consumers and is available only to law enforcement.  They use the data collected to spot trends, identify questionable business practices and targets, and enforce the law, indicates the FTC.   ... read more »
U.S. Department of Commerce Invests $2 Million to Support Biomanufacturing Efforts in Los Angeles, California
September 21, 2018
U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Cedars-Sinai Medical Center of Los Angeles, California, to purchase equipment for the Cedars-Sinai Biomanufacturing Center. According to grantee estimates, the project is expected to create 444 new jobs and spur $47 million in private investment.  ... read more »
Quintin Primo, Owner of One of the Largest Black Private Equity Firms in the Country Talks Baldwin Hills Crenshaw Master Plan and Reaching Success 
September 13, 2018
This month, Primo spoke with the L.A. Sentinel to discuss the recent developments at his firm, Capri Investment Group, and how he continues to successfully run one of the largest Black private equity firms in the country!   ... read more »
LeadersUp ‘Hires the Next Generation of Talent’ at the Taste of Soul Family Festival
September 6, 2018
80 percent of TOS goers who participate can walk away with a job ... read more »
Nat’l Black Church Initiative Launches Wells Fargo Boycott
August 31, 2018
According to the Rev. Anthony Evans, NBCI president, the call to boycott stems from the institution’s targeting of the African American community and suppressing economic growth in Black neighborhoods. ... read more »
CEEM Invites Public to get to know them at L.A. County Fair 
August 30, 2018
Members of the Corporate Economic Empowerment Movement are inviting the public to get to know them and support their “mini take-over” of this year’s Los Angeles County Fair September 7-9. ... read more »
Gentrification or Economic Empowerment? Recycling Black Dollars Turns to Danny Bakewell, Jr. for Perspective 
August 23, 2018
"We are grateful that Danny Bakewell, Jr. saw fit to share his valued perspective on the unprecedented transformation of the Crenshaw District and all its complexities,” opined RBD’s Co-Executive Directors, Jacque Bee and Crystal Mitchell. Bakewell Jr., Executive Director of the Los Angeles Sentinel, shared his view on the wave of changes occurring in the Crenshaw District from his vantage point as a general contractor and developer. ... read more »
Black Workers Can Win, Despite the Supreme Court’s Follies 
August 2, 2018
It’s a challenging time in the fight for racial equity and justice for anyone paying attention to the status of Black workers in America right now. It’s tiring and depressing.  ... read more »
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