Tuesday, November 24, 2020
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Economy
Natacha Buchanan Applauds ONG Industry’s Outreach to Minorities
November 5, 2020
An analysis from the American Petroleum Institute (API) revealed a mostly positive outlook for African Americans and Hispanics in the oil and natural gas industry. The 2019 study noted that, with the right policies, African Americans and Hispanics could hold 166,000 of the new oil and natural gas jobs created by this year. That represents 31 percent of the projected 525,000 new job opportunities. ... read more »
Economy and Race Relations Seen as Growing Concerns Ahead of Election
October 15, 2020
“It is not surprising that voters overall rate the economy as the most important issue impacting their vote for president this year given the fragile state of the U.S. economy and their tendency historically to prioritize it and other issues such as national security and education,” Gallup pollsters observed. ... read more »
Bradford Bill Increasing Consumer Safety and Cannabis Quality Signed by the Governor
October 8, 2020
Last week, Governor Gavin Newsom signed Senate Bill 1244, authored by Senator Steven Bradford (D-Gardena). This bill authorizes state-licensed cannabis laboratories to test samples of cannabis or cannabis products for a state or local regulatory, law enforcement, or prosecuting agency. SB 1244 was sponsored by Los Angles City Attorney Mike Feuer. ... read more »
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An Easy Way to Put More Money in the Hands of Californians
October 8, 2020
There is no way around it—California’s Assembly Bill (AB) 5 has been a disaster for our state. The so-called “gig economy” legislation passed last year has been a short-sighted and dangerous attack on nearly ten percent of our state’s workforce. What’s worse—businesses continue to be attacked on all sides from attorneys looking to exploit the vague “ABC test.” And all this is peaking during the worst health crisis in a century, when millions of Californians remain jobless and small businesses are struggling to survive. ... read more »
U.S. Commerce Department Announces $13 Million in Investments to Support U.S. Manufacturers Negatively Affected by Increased Imports
September 14, 2020
Today, U.S. Secretary of Commerce Wilbur Ross announced $13 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachusetts, Michigan, Missouri, New York, Pennsylvania, Texas, and Washington. ... read more »
Lyft Forms Partnership with Black Organizations to Provide Accessible Transportation
August 27, 2020
Ridesharing app Lyft announced an initiative that would provide 1.5 million rides to make transportation accessible to underserved communities. The company joined forces with 11 organizations including The National Urban League, Black Women’s Roundtable and the NAACP. ... read more »
Fighting to Bring Jobs to South LA Residents
August 20, 2020
The age-old adage “A good Job can save a life” rings especially true during the current COVID-19 pandemic. Millions of people across Los Angeles have lost their jobs while thousands of people have lost their lives. COVID-19 continues to threaten the health and economic vitality of South Los Angeles neighborhoods. The need for secure permanent employment is heightened even more as California grapples with mountains of requests for unemployment benefits. ... read more »
Rep. Waters Announces CARES Act Grants for Metro, Torrance Transit and Gardena GTrans
August 10, 2020
Congresswoman Maxine Waters (CA-43), Chair of the House Financial Services Committee (FSC), announced that the Federal Transit Administration (FTA) provided grants to each of the three transit agencies that serve her congressional district.  The grants were funded by the CARES Act, a $2 trillion economic security package that included several provisions drafted by Congresswoman Waters in her capacity as the Chair of FSC. ... read more »
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Wells Fargo Commitment Could Potentially Result in Billions for Small Businesses
July 16, 2020
Through Wells Fargo’s new Open for Business Fund, the company will engage nonprofit organizations to provide capital, technical support, and long-term resiliency programs to small businesses, emphasizing those that are minority-owned businesses. ... read more »
5 Major California Firms, Other Businesses, Invest Billions in Black Enterprises. Where Will The Money Go?
July 9, 2020
Over the last month, several corporations have stepped up to fund the Black community.   ... read more »
Bank of America Commits to One-Billion-Dollars in Contributions to Local Communities Over a 4-Year Span
July 9, 2020
Local community partners will have a role in this initiative, President of Greater Los Angeles Raul Anaya stated, “We are looking to potentially partner with philanthropy and other large businesses in L.A., because our goal is to create a program ideally that is sustainable with long standing impact. ... read more »
The California Wellness Foundation Donates $20,000 Grant to Support Brotherhood Crusade COVID-19 Outreach
May 21, 2020
In response to Brotherhood Crusade’s COVID-19 Community Rapid Response Fund, The California Wellness Foundation donated a $20,000 grant to help Los Angeles community youth, young adults and families during this critical time. ... read more »
State Agencies Update Faith and Nonprofit Leaders on COVID-19 Resources
May 7, 2020
California state agencies came together on April 29 to update faith leaders and nonprofits executives on the disproportionate impact of coronavirus on African Americans and minorities and the array of resources available to combat the crippling disease. ... read more »
Chase approved to fund about $29 billion to 239,000 businesses
May 2, 2020
JPMorgan Chase announced today that it has received approval for an additional 211,000 loans through “Round Two” of the Paycheck Protection Program (PPP), totaling about $15 billion to its small business customers. ... read more »
Open to Apply: Gig Workers Can File for Unemployment
April 30, 2020
Out-of-work gig workers in California whose employers have not paid into the state’s unemployment insurance fund — as well as Californians without jobs who have run out of unemployment benefits — will be able to file new unemployment claims.  ... read more »
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