Business - Observer News Group

Professor Tonya M. Evans on Cryptocurrency, Black Wealth, and the High Stakes of Trump’s Agenda 47 and Project 2025

by Stefi Mar | Nov 19, 2024 | African Americans, Bakersfield, Business, Donald Trump, Features, Financial Markets, Los Angeles, Valleys | 0

In a recent appearance on Let It Be Known News, Professor Tonya M. Evans—an expert in fintech law at Penn State Dickinson Law and a prominent figure in digital asset strategy—discussed the evolving landscape of cryptocurrency, particularly its impact on Black America. As an advisor on fintech policy through her company Advantage Evans, LLC, and a board member of Digital Currency Group, Evans is deeply invested in guiding Black investors through the complex world of cryptocurrency.

Ranking Member Waters Urges Speaker Johnson and Leader Jeffries to Include National Flood Insurance Program Debt Forgiveness in Disaster Supplemental

by James Luckey | Nov 13, 2024 | Business, Economy, Featured, Financial Markets, Los Angeles, Maxine Waters, Valleys | 0

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Sacramento Kings and Black-Owned Digital License Plate Firm Enter History-Making Partnership

by Stefi Mar | Oct 29, 2024 | Bakersfield, Business, Featured, Los Angeles, NBA, Tech, Valleys | 0

Reviver, the world’s first digital license plate and connected vehicle platform, has entered into a history-making jersey patch partnership with the Sacramento Kings, team officials announced right before the team’s season opener on Oct. 24.

Congresswoman Maxine Waters, U.S. Treasury Announce $10 Million Award to Support California Small Businesses

by Stefi Mar | Oct 8, 2024 | Business, Front Page, Los Angeles, Maxine Waters, Small Business, small businesses, Valleys | 0

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and the U.S. Department of the Treasury (Treasury) announced that the California Office of the Small Business Advocate (CalOSBA) is being awarded $10 million to support small business growth through the State Small Business Credit Initiative (SSBCI), a $10 billion program Congresswoman Waters secured as part of the American Rescue Plan Act in 2021. These funds will be used to support very small businesses and minority-owned businesses across California access billions of dollars in new loans and investments, which is supported by $1.2 billion in Federal funds allocated to the state under the SSBCI.

Government Excludes and Discriminates Against Black-Owned Media Despite Federal Advertising Spending Reaching $15 Billion

by Stefi Mar | Jul 9, 2024 | African Americans, Bakersfield, Business, Los Angeles, Valleys, World & Nation | 0

A new report released this month has revealed that the federal government spent $14.9 billion on advertising contracts over the last ten fiscal years to inform the public about various programs and services. However, despite the government’s mandate to provide contract opportunities to businesses owned by minorities, women, and other socially or economically disadvantaged groups, significant disparities persist.

A Win for Black Entrepreneurship: Is the New FTC Ban Good for Black Businesses?

by Stefi Mar | Apr 30, 2024 | Bakersfield, African Americans, Business, Los Angeles, Op-Ed, Valleys | 0

In what has since created shockwaves across the nation, the Federal Trade Commission (FTC) voted 3-2 for banning noncompete agreements, which goes into effect 120 days after the rule is officially published in the Federal Register. This decision will undoubtedly have significant impact on both employers and employees alike, but what about black entrepreneurs?

Hawthorne Business Expo 2024- Connect, Collaborate & Cultivate Your Business

by Stefi Mar | Mar 19, 2024 | Business, Local, Los Angeles, Valleys | 0

Hawthorne Memorial Center was buzzing with excitement and energy as attendees gathered for the Hawthorne Business Expo & Job Fair. Hawthorne Business Expo & Job Fair was held on Thursday, March 14, from 3:00-7:00pm.

A Quick Guide to Beneficial Ownership Information Reporting Requirements

by Stefi Mar | Mar 5, 2024 | Bakersfield, Business, Local, Los Angeles, Valleys | 0

If you are a business owner with a social media account, odds are you have heard rumblings of a new federal government filing requirement called the Beneficial Ownership Information Reporting requirement or BOI for short. BOI refers to identifying information about the individuals who directly or indirectly own or control a company. This law creates a new information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.

Navigating Success, Malcolm Johnson’s Journey as CEO of Langdon Park Capital

by Stefi Mar | Feb 13, 2024 | Black History Month, Business, Features, Front Page, Local, Los Angeles, Valleys | 0

Langdon Park Capital is more than just a real estate investment firm; it’s a testament to the vision and dedication of its founder, Malcolm Johnson. With over two decades of experience in real estate finance, Malcolm’s journey began long before his professional career took flight. In an exclusive interview with Johnson, CEO of Langdon Park Capital, we delve into his background, inspirations, and the driving force behind his mission to provide quality, affordable housing in underserved communities.

Oneunited Bank Introduces Wiseone Insights A Revolutionary Ai-Driven Financial Wellness Companion

by Stefi Mar | Nov 7, 2023 | Bakersfield, Business, Los Angeles, Valleys, World & Nation | 0

OneUnited Bank, the nation’s largest Black-owned bank, unveils WiseOne ® Insights, a revolutionary financial wellness companion. This groundbreaking AI-driven tool is designed to guide, inform, and protect individuals by leveraging financial literacy. WiseOne Insights
aims to improve financial wellness across the nation, while striving to close the racial wealth gap.

Black Business Owners Concerned as Groups Step Up Attacks on Diversity

by Stefi Mar | Sep 20, 2023 | Bakersfield, Business, Features, Los Angeles, Startups, State, Valleys | 0

When the BeyGOOD foundation, led by Beyoncé Knowles-Carter, awarded Compton-based entrepreneur Veronica Clanton-Higgins $10,000 in August, the 46-year-old businesswoman says she felt empowered and recognized.