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City of Bakersfield and Access Plus Capital providing $70,000 in grants for qualified microenterprises

City of Bakersfield and Access Plus Capital providing $70,000 in grants for microenterprises
The City of Bakersfield is partnering with Access Plus Capital to provide $70,000 in grants ranging from $3,500 to $5,000 for qualified microenterprises within the City limits.
and last updated 2021-02-23 11:43:32-05
BAKERSFIELD, Calif. (KERO) â The City of Bakersfield is partnering with Access Plus Capital to provide $70,000 in grants ranging from $3,500 to $5,000 for qualified microenterprises within the City limits.
According to the City, the Microenterprise ReSTART Grant Program, funded by Community Development Block Grant Coronavirus (CDBG-CV) funds, will provide grants for qualified microenterprises, defined as having five or fewer full-time employees. ....

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ABC30 Black History Month: Meet Fresno trailblazer Dorothy Thomas

FRESNO, Calif. (KFSN) ABC30 is celebrating Black History Month by honoring local trailblazers in the Central Valley.
As Dorothy Thomas rose in her banking career, she lifted others. Specializing in small business loans, this trailblazer is responsible for more than $600 million in Small Business Administration funded projects and 8,000 jobs created or retained in the Central Valley.
Dorothy Thomas
Over the past 30 years, Thomas provided access to capital to many who struggled to get business loans approved. Her empathy and wisdom made a difference as she walked clients through the process.
Thomas was born and raised in Flint, Michigan and moved to Fresno in 1982. Her impact can be seen through the businesses that have flourished in the valley. She once helped an Indian American worker who dreamed of owning his own Subway franchise. With her support and guidance, he now owns 14. ....

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California's latest small-business grant program is right thinking, but flawed

In summary
Here are additional protections that need to be implemented in this relief package to better serve BIPOC-owned and rural small businesses:
By Paulina Gonzalez-Brito
Tate Hill, Special to CalMatters
Tate Hill is the executive director of Access Plus Capital, a small business loan fund for low- and moderate-income entrepreneurs, tate.hill@accesspluscapital.com.
Small businesses owned by Black, Indigenous and People of Color are being disproportionately crushed by the weight of the pandemic – and many aren’t positioned to survive the next few months.
So, when Gov. Gavin Newsom announced $500 million in grant funding and a temporary tax relief package for small businesses last month, it seemed like a sign of hope. And while we agree that any aid at this moment is a step in the right direction, a closer look reveals a plan that is too simplistic, flawed and ignores many crucial considerations needed to help BIPOC-owned and rural small businesses ....

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