Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Trump Administration’s late night Executive Order intended
The Employee Paycheck and Small Business Protection Act follows the sudden failure of Silicon Valley Bank and two other regional banks last year, where startups
The LA County Department of Economic Opportunity (DEO), in partnership with the Pacific Asian Consortium of Employment (PACE), is launching the Economic Opportunity Holiday Grant Program, providing $584,000 in new grants to support small businesses and nonprofits as they continue to recover and rebound from the pandemic and take part in the holiday shopping season. Applications are open starting today and will remain available through the New Year here, with funding to be distributed in February of 2025.
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.
In a press conference held on Tuesday morning outside City Hall, Councilwoman Heather Hutt urged the Los Angeles City Council to support the motion to ban businesses within the city limits that don’t accept cash as a form of payment.
During President Biden’s visit to the Wisconsin Black Chamber of Commerce today, he showcased the unprecedented growth of Black small business ownership under his administration. In a press call, top White House officials attributed the surge in Black entrepreneurship, the fastest in 30 years, to Bidenomics, which the president pledged would receive further support through new investments targeting underserved communities.
Recent Census numbers show that the Biden-Harris administration set a new high for the number of new small businesses created.
Vice President Kamala Harris used her time at Freedman’s Bank Forum to announce new public and private-sector efforts to advance racial equity.
