During a news briefing hosted by Ethnic Media Services last month, speakers discussed how small businesses in California and around the country can emerge from this crisis, catch the wave of what seems to be a gathering economic boom, or continue to tread water to stay afloat.
After just one year, D’Maize outgrew their home and they moved the business into La Cocina, a Mission District kitchen incubator that focuses on helping Latino-owned businesses grow. Over the past decade, La Cocina has helped dozens of businesses move from home-based or curbside into brick-and-mortar locations. La Cocina gives businesses up to five years to grow in its space. D’Maize only needed two.
In 2016, as Next City covered at the time, D’Maize took out a small business loan from the Mission Economic Development Agency, a nonprofit that has helped families in the Mission advance economically since its founding in 1973. Small business loans were a new addition to the agency’s work, and D’Maize was one of its first borrowers.
Tech Executive Leadership Initiative Demo Day: Helping Small Businesses Access COVID-19 Relief
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Small businesses have suffered tremendously during the COVID-19 crisis. While cities have tried to provide relief opportunities to help small businesses stay afloat, these efforts are often uncoordinated amongst city departments and usually require businesses to submit separate lengthy applications to multiple agencies. Small businesses are also not always aware of the relief opportunities available to them, resulting in socioeconomic and racial disparities in how business owners are taking up relief opportunities. How can cities better make COVID-19 relief efforts available to small businesses?
Join the Aspen Tech Policy Hub, the Tech Talent Project, and the leaders of the Winter 2021 Tech Executive Leadership Initiative Cohort as they showcase their projects focused on ‘Helping Small Businesses Access COVID-19 Relief.’ Following the presentations, Tara Ly
SACRAMENTO
Gov. Gavin Newsom on Thursday proposed adding $1.5 billion to a program providing grants of up to $25,000 to small businesses harmed by the COVID-19 pandemic in California, allowing thousands more to get financial help.
The additional funds from federal COVID-19 aid to the state would bring the amount allocated in recent months for grants to $4 billion, which Newsom told business leaders would make it the largest state program of its kind in the country.
“Small businesses intimately understand the pain and stress of the last year directly understand it and the struggle now to reopen with all of the dust settling around us,” Newsom said during a virtual address to a meeting of the California Chamber of Commerce.
SACRAMENTO
Gov. Gavin Newsom on Thursday proposed adding $1.5 billion to a program providing grants of up to $25,000 to small businesses harmed by the COVID-19 pandemic in California, allowing thousands more to get financial help.
The additional funds from federal COVID-19 aid to the state would bring the amount allocated in recent months for grants to $4 billion, which Newsom told business leaders would make it the largest state program of its kind in the country.
“Small businesses intimately understand the pain and stress of the last year directly understand it and the struggle now to reopen with all of the dust settling around us,” Newsom said during a virtual address to a meeting of the California Chamber of Commerce.