Small Business

Cynthia E. Griffin-  |   OW Managing Editor
May 28 2009

Administration demands accountability of prime contractors

Los Angeles, CA -- Gene Hale is bullish on what President Barack Obama and his administration are doing for small businesses.

Hale, chairman of the Greater Los Angeles African American Chamber of Commerce (GLAAACC), said that in the first 100 days of the administration Obama has actually done something to potentially make life a little more lucrative for small firms.

Mar 5 2009

Minority business development

 Minority entrepreneurs from throughout the Los Angeles region will be recognized at the 22nd annual Minority Enterprise Development Week program March 18 at L.A. Live in downtown.

The event, which is being coordinated by the Minority Business Development Agency with assistance from the Los Angeles Office of the Small Business Administration and the LA. City Los Angeles Minority Business Opportunity Center, will recognize the accomplishments of local minority entrepreneurs and their supporters.

Feb 26 2009

Small and mid-size businesses

 The small and mid-size business sector has been largely ignored by the Troubled Assets Recovery Program (TARP), bailout or stimulus plans and by corporate America. Perhaps most disconcerting, banks and financial institutions, recipients of bailout funds, have not shown a pattern of loosened credit standards to make funds available to small and middle market businesses.

Feb 26 2009

Number of commercial real estate loans increased

Los Angeles, CA -- The current economy has affected the financial situation of many banks and other financial service institutions. Loans can be difficult for small businesses to obtain. Minority owned Golden State Mutual, on the other hand, is actively seeking to increase the number of loans it offers for commercial real estate.

“We are in a strong position to offer small businesses commercial real estate loans to help provide growth to the community,” said President/CEO Larkin Teasley.

Feb 26 2009

Attempts made to obtain bank account information from small businesses

 Washington, D.C. -- The U.S. Small Business Administration (SBA) issued a scam alert to small businesses, warning them not to respond to letters falsely claiming to have been sent by the SBA asking for bank account information in order to qualify them for federal tax rebates.

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.

California
San Diego college students and volunteers will carry out their sixth home restoration project on Wednesday, July 10 through Sunday, July 14. as part of the “Healing our Heroes’ Homes” (H3) program created by the nonprofit Embrace. The five-day effort will take place at the home of medically retired Marine Corps Capt. Sarah Bettencourt. Bettencourt served with many different units across the country during the Global War on Terrorism and developed a rare neurological disorder in 2008. With a focus to restore the homes of disabled veteran homeowners, H3 falls in line with Embrace’s mission to mobilize college-student volunteers and community members to serve less fortunate members of civilian and veteran communities. The project for the Bettencourts’ home includes kitchen and bathroom remodeling, building ADA-compliant disability ramps, widening their driveway to ADA standards, widening doorways and landscaping.
 
District of Columbia
The 2013 Smithsonian Folklife Festival will showcase its five-year community research project on African American identity with the program “The Will to Adorn: African American Diversity, Style, and Identity.” This multicity collaboration examines the history and culture of the aesthetics of African Americans. The festival will be held June 26-30 and July 3-7, outdoors on the National Mall between Seventh and 14th streets. “Whether we realize it or not, we are all dress artists. The way we compose our look is a creative expression of our ideas about who we are and who we aspire to be,” said Diana N’Diaye, program curator. “This program explores the diversity of African American traditions of style, but also teaches young people the importance of documenting their own culture and saving that information for themselves and future generations.”