the Bay Area

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.

Rideshare Drivers, Union Form Alliance in Support of AB5

Over 100 Uber and Lyft drivers formed a caravan on August 25, embarking on a three day trip to Sacramento in support of AB5, a bill that would redefine independent contractor status in California.  Members of two unions, the Mobile Workers Alliance and Gig Workers Rising, joined the drivers; the group also stopping to rally at Uber headquarters in San Francisco and returning home on August 28.