Saturday, January 23, 2021
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Finance
Gov. Newsom’s $227 Billion Spending Plan Includes Stimulus Cash, Rental Relief, Job Training, and More
January 14, 2021
Gov. Gavin Newsom sounded upbeat when he announced at a press briefing Friday afternoon that he has submitted a $227 billion budget for the 2021-22 fiscal year to the State Legislature for approval. ... read more »
SC-VBC PROVIDES ONLINE RESOURCES AND COURSES FOR ENTREPREUNERS
December 17, 2020
The Southern California Virtual Business Center (SC-VBC) is an online facility designed to prepare business owners to scale and grow through the emphasis of corporate and government contracts. The SC-VBC hosts different programs for entrepreneurs at different stages of their business, through the program’s curriculum, resources, and mentorships. ... read more »
CASA DE ROSAS in SOUTH LOS ANGELES – COMING SOON
November 26, 2020
Strategically placed in the Ninth Council District in the City of Los Angeles is an historic campus of buildings, known since 1895 as Casa De Rosas.  At a time when Councilman Curren Price, the proud public servant of the New Ninth is working tirelessly to increase the availability of affordable housing we can all be very excited that Casa De Rosas’ transformation to a home for 36 single parent Veteran families with a child.  ... read more »
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Student Loan Debt Widens Racial Wealth Gap
November 26, 2020
With the freeze placed on student loan repayments set to end December 31, Biden has gotten behind the Democrat-led House’s HEROES Act, which calls on the federal government to pay off up to $10,000 in private, nonfederal student loans for economically distressed borrowers. “People having to make choices between paying their student loan and paying the rent … debt relief should be done immediately,” Biden stated during a news conference on Monday, November 16. ... read more »
Property Tax Increase Initiative Proposition 15 Defeated
November 12, 2020
Supporters conceded defeat of a union-backed initiative that would have resulted in higher property taxes for commercial and industrial property to provide additional funding for local governments, schools and community colleges. ... read more »
Military Veterans Find Plenty of Opportunities and Camaraderie at Wells Fargo
November 5, 2020
In a recent interview with BlackPressUSA, Le Nette Rutledge, the head of Military Talent Programs at Wells Fargo, shared her perspective about being a military veteran now serving in the ranks of corporate America. ... read more »
City Planning Looks to Ease Regulations, Support Small Business During Economic Recovery
October 22, 2020
City Planning released a draft of its Local Emergency Code Amendment for public comment. The ordinance would take steps to eliminate financial and regulatory burdens on small businesses affected by the novel coronavirus. If adopted, it would expand the city’s ability to activate regulatory relief during a declared local emergency. ... read more »
JPMorgan Chase Commits $30 Billion to Advance Racial Equity
October 22, 2020
“All Americans deserve equitable access to affordable housing and the physical, emotional and financial security it represents,” said Lisa Rice, CEO, National Fair Housing Alliance. “JPMorgan Chase’s new commitments will help make owning or renting a reality for more Black and Latinx families, whose housing access has been impeded by decades of systemic racism and are now disproportionately affected by the impact of COVID-19. Addressing the affordability crisis, now overlaid with the pandemic, will require many players on many fronts, and these commitments are concrete, meaningful steps in the right direction.” ... read more »
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New CRL Report: Debt Collectors in California May Have Seized $700M, Often Based on Scant Evidence & Other Questionable Practices
October 15, 2020
A new report released this week by the Center for Responsible Lending (CRL) finds debt collectors in California may have seized more than $700 million from consumers between 2012 and 2017, even though they frequently lack sufficient documentation to establish the validity and ownership of an individual’s debt. ... read more »
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 »
Waters Announces Over $1 Billion in Paycheck Protection Program Loans
October 1, 2020
Congresswoman Maxine Waters (CA-43), Chairwoman of the House Financial Services Committee, released a district data sheet which summarizes Paycheck Protection Program (PPP) data provided by the Small Business Administration (SBA) regarding loans made to businesses in Gardena, Harbor City, Hawthorne, Inglewood, Lawndale, Lomita, Los Angeles, Playa Vista, and Torrance. Over one billion dollars in PPP loans were awarded to 10,750 businesses within Congresswoman Waters’ congressional district. ... read more »
Learning to be fearless: How mentorship can propel you into a top-tier college
August 21, 2020
My phone buzzed. Like every other text message, I grabbed my phone immediately to read it. But this was no ordinary text. I looked down and read three words that suddenly meant someone’s life was about to change forever: “I chose Berkeley” ... read more »
Xavier University of Louisiana gets $20M donation
August 1, 2020
A historically Black university in Louisiana has received a $20 million donation from MacKenzie Scott, the former wife of Amazon founder Jeff Bezos. The gift is the largest private contribution in the school's history and part of hundreds of millions of dollars Scott announced that she had given away. ... 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 »
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