Business

Black Cannabis Entrepreneurs Say State’s $30 Million Fee Waiver Fund May Not Be Enough

Alphonso “Tucky” Blunt, the owner of a marijuana product store in Oakland called Blunts and Moore, says his business is located in the same zip code where he was arrested for selling weed illegally in 2004.   Now that he is legit in the business – he opened his store a little over three years ago– Blunt says it is nearly impossible for Black and other minority-owned cannabis startups like his to make a profit in California.   “Where’s the tradeoff? I’ve been in the business for a few years and I’m still in the red. California has one of the highest

Black Woman Tech Founder Survived Homelessness and Started a Movement to Increase Generational Wealth in South L.A.

Homeless at the age of 19, Cassie Betts has a riveting life story. She shares memories about befriending “questionable characters of the night,” with the tech-savvy inner-city youth she trains in her technology academy Made In South L.A. (MISLA), initially launched from the janitor’s closet of a South Central Los Angeles charter school.

Priscilla Wallace Named Head of Supplier Diversity for Wells Fargo

Wells Fargo & Company (NYSE: WFC) announced that Priscilla Wallace has been named head of supplier diversity for the company. Wallace joined Wells Fargo last month and will report to Barb Kubicki-Hicks, chief procurement officer, with a dotted line to Kelley Cornish, head of Diverse Segments, Representation and Inclusion Program Management Office and Enterprise Initiatives.

Black and Latina women less likely to take sick days for fear of retribution

In a new survey of 2,000 working Americans that took a close look at the perceptions and racial disparities surrounding taking sick time. While the COVID-19 pandemic has Americans taking their health more seriously than ever, half of respondents feel discouraged by their workplace to call out to take care of themselves when feeling under the weather.

HOMEOWNERS CAN APPLY FOR UP TO $3,000 IN SEISMIC RETROFIT GRANTS

More California homeowners will be eligible for up to $3,000 in seismic retrofit grants through Earthquake Brace + Bolt (EBB), a program jointly administered by the California Earthquake Authority (CEA) and the California Governor’s Office of Emergency Services. The grants help offset the cost of seismic retrofits that brace the cripple walls of older homes, when present, and bolt houses to their foundations, making them less vulnerable to earthquake damage.

Founders First CDC to provide $100,000 in grants to diverse small businesses in Los Angeles

The Job Creators Quest Grant will help diverse small businesses continue to create premium wage jobs and act as a recognition of the existing investments these organizations have already made themselves to retain and grow their workforce during the pandemic. Funding for this grant program was facilitated in part by a $1 million grant from the Rockefeller Foundation, in conjunction with Founders First Capital Partners’ recent $9 million Series A financing. Additional partners include ADP, JPMorgan Chase & Co., Union Bank, and Small Business Majority.

CD-9 Welcomes Residents Applying for BIG:LEAP Program

South L.A. residents lined up on October 29, at the field office of Councilmember Curren Price, Jr. to apply for the BIG:LEAP – the Basic Income Guaranteed: Los Angeles Economic Assistance Program. The citywide program, which accepts applications until November 7, will provide 3,000 recipients with $1,000 per month for 12 months with no-strings-attached or conditions on how the funds must be spent.

Keep our Shops on the Block Launches Digital Accelerator Program for Diverse Small Businesses

Following the success of the Keep Our Shops on the Block grant earlier this year, which deployed financial aid to 481 small brick-and-mortar businesses in the retail and personal care sector, the Local Initiatives Support Corporation Los Angeles (LISC LA) has expanded the program and the services offered and launched an invite-only digital literacy accelerator for diverse-owned businesses.