Wednesday, April 14, 2021
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Finance
CDC Small Business Finance Program Brings Business Banking Opportunities Directly to the People
April 8, 2021
Robert Villarreal is the Chief External Affairs Officer for the Los Angeles Branch of the CDC Small Business and Finance Program.  Villareal is unapologetic about his passion for creating financial opportunities to local businesses and people in communities of color.  ... read more »
LA County To Provide Grants For Small Personal Care and Retail Businesses
April 1, 2021
Small Los Angeles County businesses in the personal care and retail sector can apply for $10,000 grants starting April 5, county officials announced March 31. ... read more »
Goldman Sachs Financial Group Commits $10 Billion in Investment Capital to Impact One Million Black Women
March 18, 2021
The Goldman Sachs joined roundtables that focused on the barriers Black women face as entrepreneurs, and how targeted investments can work as a bridge to equality. Their compass in navigating through directive comes from Goldman’s relationships with sororities such as Delta Sigma Theta Inc., Alpha Kappa Alpha Inc., Zeta Phi Beta Inc., and Sigma Gamma Rho S Inc., and Black women’s organizations, such as the National Council of Negro Women, Black Women’s Roundtable, the National Coalition on Black Civic Participation, Power Rising, Walker’s Legacy Foundation, The Links, Inc., and the Sistahs in Business Expo. ... read more »
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Put your money where your MESH is
March 11, 2021
Tristen J. Winger, South Central native joined Mesh Communities as the lead investor on their upcoming crowdfunding campaign. ... read more »
If you own a business, you’ve only got days left to apply for a Paycheck Protection loan
March 11, 2021
In just four months last year, more than 5 million U.S. businesses received a Paycheck Protection Program (PPP) loan. That helped them pay their workers, their mortgage or rent, and their utility bills. Unfortunately, many small businesses owned by minorities, women and veterans didn’t get PPP loans last year. We want to make sure you know how to apply for the funding your business really needs. ... read more »
Comerica Bank Appoints Summer Faussette National African American Business Development Manager
March 10, 2021
Comerica Bank announced it has appointed Summer Faussette as its National African American Business Development Manager supporting its ongoing commitment to building strong relationships with African American business leaders, entrepreneurs and communities across all markets. ... read more »
Morgan State Alum Dropped Out, Drove for UPS, Presents University with $20 Million Endowment
March 4, 2021
“Morgan is so proud to call this son and daughter of the great City of Baltimore our own, and through their historic giving, the doors of higher education will most certainly be kept open for generations of aspiring leaders whose financial shortfalls may have kept them from realizing their academic dreams,” David K. Wilson, president of Morgan State University, stated in the release. ... read more »
Tips, tools and resources for Black business owners looking to make a strong recovery in 2021
March 4, 2021
While it may be challenging to predict what exactly our path to economic recovery will look like, Black small businesses will play a significant role. ... read more »
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Wells Fargo Invests in Six Black-Owned Banks
February 18, 2021
Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks. ... read more »
Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
February 11, 2021
The band of amateur day traders that interact with each other on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. Big investors, often in the form of hedge funds, frequently bet against struggling public companies using a process referred to as “shorting,” which allows investors to bet on the degree of misfortune a stock may experience and earn billions of dollars in profits as a result. ... read more »
BOE Member Malia Cohen Raises Red Flag on Bank-Breaking Prop 19 Tax Costs
February 4, 2021
Malia M. Cohen, the only African American member of the California Board of Equalization (BOE), has some critical concerns about the cost homeowners will have to bear because of Proposition 19, a constitutional amendment that took effect on Dec. 16, 2020. ... read more »
Biden Administration in Push to Put Harriet Tubman on $20 Bill
February 4, 2021
In April 2016, then-President Barack Obama announced that Tubman would replace Andrew Jackson on the $20 bill. Obama wanted the release of the new bill to coincide with the 100th anniversary of the passage of the 19th amendment in 2020 that gave women the right to vote. However, Trump had expressed an affinity toward Confederate figures and sang the praises of Andrew Jackson, claiming that he had led the U.S. to great success during his two-terms in office from 1829 to 1837. ... read more »
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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