Monday, August 2, 2021
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Small Businesses
Black America Needs a ‘New Normal’: Equitable Credit Access to Build Wealth
June 17, 2021
Although many officials have called for a ‘return to normal’, millions of small businesses and communities need something new instead. In Black America especially, the ‘old normal’ never delivered equitable access to wealth-building opportunities as those that well-served served much of White America. Instead, a lengthy history of public policies designed to create and sustain a burgeoning middle class systemically excluded Blacks and other people of color. ... read more »
The Center by Lendistry Launches Small Business Resiliency Program for Los Angeles County
June 17, 2021
The program is part of the Los Angeles County Initiative for Inclusive Small Business to address the historical barriers that have limited access to entrepreneurial opportunities for business owners of color ... read more »
Black Business Registrations Increase During COVID Pandemic
June 17, 2021
Andre Perry, a Brookings Institution fellow, told the Times that some of the surge in Black business registrations could be a signal of personal economic trouble. “This is more about survival than it is about wealth creation. There’s lots of people who have lost their jobs and lost their businesses. People are starting to realize that side hustles are businesses,” Perry said. ... read more »
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$6.2 Billion Cal Fund Will Shield Small Businesses from COVID-Related Taxes
May 6, 2021
California lawmakers have approved Assembly Bill (AB) 80 legislation spearheaded by Assemblymember Autumn Burke (D-Inglewood). The legislation will give a $6.2 billion tax cut to small businesses across the state that received loans under the federal government’s Paycheck Protection Program (PPP).   ... read more »
Black Press Week Shows Power of African American Newspapers
April 8, 2021
With the theme, “Black Business Challenges Responsibilities and Opportunities Amidst COVID-19 Pandemic,” Black Press publishers, readers, viewers, sponsors, partners, and anyone else tuning in were enlightened about overcoming adversities on many levels. “We will have informative workshops,” promised Pluria Marshall Jr., the NNPAF Chair and CEO of Marshall Broadcasting Group. Marshall and his colleagues delivered. ... read more »
The American Rescue Plan Provides Relief for Small Businesses 
March 26, 2021
The American Rescue Plan will “devote $1 trillion toward building a bridge to economic recovery for working families, including those who work for small businesses; and provide critical support to communities that are struggling in the wake of the pandemic.”  ... read more »
Congress Members Urge Vaccination During Black Press Week 
March 26, 2021
“Protect your children and your grandchildren, protect those who you come in contact with,” Congressman Clyburn stated during the annual National Newspaper Publishers Association Fund’s (NNPAF) Black Press Week. “Take the shot. It’s safe to do,” the congressman declared during an interview with Real Times Media President and CEO Hiram Jackson.  ... read more »
$900 Billion Federal Stimulus: What’s In it, What’s Not, What Remains
January 21, 2021
Although a New Year has begun, many American consumers and small businesses continue to feel a financial hangover from the challenges of 2020. As the global pandemic reveals a still-soaring American infection rate, the nation has also surpassed 350,000 related deaths, added more workers to the ranks of unemployed, and growing debts place millions more in financial crisis.   ... read more »
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State Selects Black LA Firm to Disburse $500 Million in COVID Relief Grants
December 31, 2020
The State of California announced that it has selected a Black-led-and-operated financial firm in Los Angeles to act as the intermediary charged with disbursing $500 million in COVID-19 grants to California small businesses and non-profits.  ... read more »
Los Angeles Facing Economic Shift Due to Limited Stay At Home Order; Mayor Eric Garcetti Launches ‘LA Optimized’ To Keep Businesses Afloat.
November 27, 2020
Los Angeles City Mayor Eric Garcetti elaborated on upcoming plans for the city, as the community prepares for a second wave of increased transmission. Most recent numbers are projecting over thousands of new COVID-19 cases. The mayor went into detail about this unfortunate turn of events, and what this means for the city of Los Angeles. ... read more »
Magic Johnson Partners with Cigna President Mike Triplett to Address Racial and Gender Disparities Among Small Businesses
October 29, 2020
Amid a wave of social awakenings, there has been an intersection of small business and racial disparities colliding into a bigger problem. ... read more »
Round Four of LA COVID-19 Relief Grants Begins Monday for Micro-Entrepreneurs, Small Businesses and Nonprofits
August 27, 2020
In partnership with the LA Regional COVID-19 Fund, Councilman Curren Price has secured $1 million in grants to assist micro-entrepreneurs, small businesses, and nonprofits operating in District 9 affected by the coronavirus pandemic. The fourth round of grant applications will be open from Monday, Aug. 31 through Sept. 4.  ... read more »
Los Angeles City Mayor Announced 10-million dollars will be added towards the L.A. Regional COVID-19 Team Recovery Program
July 17, 2020
With recent shutdowns, small businesses are at high risk of closing for good during this time. Garcetti announced another step forward in helping local businesses and their staff by providing funds, to help solidify their footing during the waves of closing and reopening of the economy. The mayor is working with Council member Curren Price, Council President Nury Martinez, and other public officials to invest an additional 10-million dollars in funds towards the L.A. Regional COVID-19 Team Recovery Program. ... read more »
COVID-19 on the rise; Los Angeles City Mayor Issues a ‘Hard Pause’ on Reopening Anymore Businesses
July 2, 2020
L.A. has seen a resurgence of outdoor activity, there has been added testing sites to handle the projected rise in positive cases. Gradually, Los Angeles has been opening different sectors in the work industry with the modified health directives. They serve as the armor against the spread of COVID-19 between guests and staff members. Small businesses are advised to open only when they are aligned with the public health mandates. ... read more »
Mayor Eric Garcetti Channels 100-Million Dollars into Renter’s Assistance
June 25, 2020
Mayor Garcetti is looking for ways to change the narrative for underserved and overlooked groups within the city, through multiple levels of resources that include renters assistance, Angeleno Cards, and a number of programs geared towards families that are currently experiencing their darkest days.Garcetti declared 100-million dollars towards renters relief program. ... read more »
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