RESOURCES & NOTES FROM:

Minority Owned Small Business & Government Panel:

Navigating to Survive and Thrive

Tuesday, August 25th, 2020 @11:00AM (PDT)

COVID-19 has wreaked unprecedented havoc on all small businesses. The meltdown in marginalized minority owned businesses have been especially devastating. Between February and April, 41% of Black businesses and 32% of Latino businesses closed as a result of the pandemic.

Did you know...

There are 1.1 million minority owned small businesses with employees in U.S.
Minority owned small businesses employ more than 8.7 million workers
Minority owned small businesses generate more than $1 trillion in economic output

At this panel, we discussed:

Leverage government partnerships, resources, and information
Find advisory/consultative resources available for small businesses
Find underutilized grants, loans, and general assistance for small businesses
Access to capital resources
Make connections with decision makers
Understand the new 'PPP' due this fall

Register

Our Distinguished Panel:

The Honorable Fiona Ma, CPA, California State Treasurer

Julie Clowes, District Director, U.S. Small Business Administration

John Kabateck, State Director, National Federation of Independent Business

Jeff Bellisario, Executive Director, Bay Area Council Economic Institute

Angel Cardoz, Director, San Francisco Small Business Development Center

Robert Shoffner, Moderator, Director of MBA & Entrepreneurship Program, Golden Gate University

Register

PANEL DISCUSSION RESOURCES & TRANSCRIPT NOTES:

GGU: Small Business & Entrepreneurship Program:https://www.ggu.edu/entrepreneur-center/small-business/

Free and Open to the Public Upon Acceptance

Fiona Ma, CPA: California State Treasurer  https://www.treasurer.ca.gov/

COVID-19 Resource Page:https://www.treasurer.ca.gov/covid-19.asp
Ibank also has a small business loan program. It was initially open to those that didn't get a PPP or EIDL but is now open to all small businesses www.ibank.ca.gov
We also provide a loan loss reserve to financial institutions as the lenders of last resort. www.treasurer.ca.govand search for CalCAP Small Business site for participating lenders
www.dgs.pa.gov if you're interested in being a vendor for the State of California
Also, don't forget to register for the US Census. The money we get from the federal government for important programs and services every year is allocated to the states based on census related data. The deadline is now September 30, 2020. Please help reach out to our hard to reach communities and encourage/remind households to fill out 9 simple questions at www.my2020census.gov
If you have any questions or if we can be of assistance following up with any state agency (and beyond), please email me at AskFiona@Treasurer.ca.gov
AB 979 Corporations: boards of directors: underrepresented communities https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB979
CalCAP Participating Lenders https://www.treasurer.ca.gov/cpcfa/calcap/sb/institutions.pdf

Julie Clowes: District Director, U.S. Small Business Admin https://www.sba.gov/node/1595134

For questions about the Federal tax implications of PPP loan forgiveness, please see IRS notice: https://www.irs.gov/pub/irs-drop/n-20-32.pdf
You can find a list of all the SBA Resources in Bay Area including free business advisors and lenders and non-profit lenders who participate with SBA's loan guarantee programs in our Resource Guide: SBA.gov/ca/sf
You can also find SBDC list at norcalsbdc.org
SBA.gov for COVID program info; contact us directly at SFOMail@sba.gov

Angel Cardoz: Director, San Francisco Small Business Development Center https://www.sfsbdc.org/

Technical Assistance to access Government Procurement
https://www.norcalptac.org/

Jeff Bellisario: Exec Director, Bay Area Council Economic Institute http://www.bayareaeconomy.org/

https://www.bayareacouncil.org/covid19/

John Kabateck: State Director, National Federation of Independent Business www.nfib.com/CA

National Federation of Independent Business https://www.nfib.com/california/contact-nfib/

Additional Resources Cited by Participants:

EIDL https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loans
Resources & Financing Options Nav.com