MWBC: (Lack of) Access to Capital

Posted on July 16, 2018 by

Access to capital is one of the greatest barriers faced by minority business owners, and one of the largest reasons they fail to grow.

Minority-owned businesses are found to pay higher interest rates on loans. They are also more likely to be denied credit, and are less likely to apply for loans because they fear their applications will be denied. Further, minority-owned firms are found to have less than half the average amount of recent equity investments and loans than non-minority firms even among firms with $500,000 or more in annual gross receipts, and also invest substantially less capital at startup and in the first few years of existence than non-minority firms.

  • Minority Business Development Agency

SEE SOME OF THE DISPARITY IN ACCESS TO CAPITAL IN OUR INFOGRAPHIC ON MINORITY VS NON-MINORITY OWNED BUSINESS LENDING

 minority womens business conference

Hear from leaders Betty Yee, State Controller, Fiona Ma, California Board of Equalization, and more on what their take on this challenge is and what can be done September 6 at our Minority Women’s Business Conference.

Subscribe for our blog content and newsletter to receive more Minority Women in Business insights as we get closer to the event date!

USDA’s Veteran Farmers Outreach Event Recap

Posted on August 7, 2017 by

Over 25 agencies and organizations came together on Monday, July 31st, to attend the USDA’s Veteran Farmers Outreach event in Elk Grove. This event was designed to provide Veteran farmers with the information about all the resources available to help them establish and grow their farming business.

 

 
Featured speakers included David Castaneda from the Small Business Administration, Martin Carrillo from the Farmer Veteran Coalition and Matthew Ceccato from the Office of Congressman Ami Bera. Mr. Castaneda talked to attendees about the SBA’s free programs, like classes, individual business consulting meetings and assistance with securing federal loans for business expansion. Ms. Emily Schmidt from (VFC) and Mr. Ceccato reassured their commitment to aid veterans in the agriculture industry with their programs, fellowships and resources. Lastly, Mr. Carrillo, a Sacramento County Farmer, shared his experience of growing his business with the federal programs accessible to him.
 
The speakers also emphasized an uplifting, key theme throughout the event: Veterans have the best qualities to become farmers, as they are resilient, hardworking and unwavering. After the talks, CalAsian Chamber of Commerce connected with the other organizations that assist veterans, their families and their businesses. Overall, it was a meaningful occasion to be part of.

Cannabis Talks: A Statewide Perspective

Posted on July 25, 2017 by

Thank you to everyone who attended Cannabis Talks: A Statewide Perspective! We were excited to see over 120 people attend the event on July 17, 2017 at the University of Pacific – Sacramento campus.

The discussion was moderated by Rob Fong of RKF Consulting.

Panelists for the event included:

  • Lori Ajax – Chief of the Bureau of Medical Cannabis Regulation, State of California
  • Amber Morris – Branch Chief, CalCannabis Cultivation Licensing, California Department of Food and Agriculture
  • Dr. Asif Maan, Ph.D. — Chief, Office of Manufactured Cannabis Safety, California Department of Public Health
  • Gabriel Garcia  Senior Counsel, Cannabis Law, Kronick Moskovitz Tiedemann & Girard
  • Lindsay Robinson  Executive Director, California Cannabis Industry Association

 

The second event in the Cannabis Talks series discussed the latest updates on the State regulations and the impact to the emerging cannabis industry. The panel discussed the recent activities and status of the Governor’s Cannabis Trailer Bill, SB 94.

 

 

After the discussion, event attendees has the opportunity to engage in the conversation by asking the panel questions and networking with sponsors, other attendees, and the panelists.

 

We would like to thank our sponsors for their support:

We would also like to thank the University of the Pacific for providing the space to host our event.

To view more photos from the event click here.

Be sure to follow us on Facebook, Twitter, and Instagram to hear more about the next Cannabis Talks event on October 2nd.

Strategic Partners CAPCC