LISC

Minority owned businesses in LA to receive financial boost

Los Angeles has the largest small business economy in the U.S., with over 250,000 small businesses.

However, there’s a shortage of capital available for these small businesses, and entrepreneurs of color are disproportionately affected.

Earlier this month, the Entrepreneurs of Color Fund (EOCF) program was launched in Los Angeles to address this shortage. With $2.65 million in funding to support historically disadvantaged small business owners in Los Angeles, the fund is designed to help increase the availability of capital and business resources to strengthen small businesses owned by underserved entrepreneurs.

FINAL OPPORTUNITY: Apply Now for a $10,000 Keep Our Shops on the Block Grant for Personal Care & Retail Businesses

Los Angeles, California – Following the success of the LA Regional COVID-19 Recovery Fund, which dispersed nearly $100 million in grants last year to small businesses and non-profits, the Fund is distributing an additional $4.7 million dollars to small businesses in the personal care & retail sector through the Keep Our Shops on the Block Grant

Pass Prop. 16: A Solution to Modern-Day Redlining for Diverse Businesses

Although affirmative action has been banned in California since 1996, there has never been a more opportune time to reverse this damaging decision, which has hindered governmental efforts to address racial and gender opportunity gaps. Make no mistake, Proposition 16 is a direct result of repeated calls to action from the Black Lives Matters movement, as our nation reckons with its historical and present-day racial inequities.

Casa De Rosas Groundbreaking Ceremony

At a time when the availability of affordable housing is not keeping pace with the need for this precious resource, Ward Economic Development Corporation (WEDC) has partnered with Integral Group to transform the historic Casa de Rosas into a campus for formerly homeless single-parent veterans with a child.