Tuesday, October 25, 2016

It's Time To Speak Out

As many of you know, Small Business California  is a big fan of the California Small Business Development program. As such, Small Business California has done a lot of Advocacy for the program over the years.  The SBDC works with about 50,000 small and medium sized firms throughout the state each year and they do a great  job keeping the focus on activities that impact California's economy.

This past June, the SBDC completed Year 2 of an Access to Capital program funded by the Governor's Office of Economic and Business Development (GO-Biz). For the year July 2015 through  June 2016 with only $2 million  in funding from the state, they helped secure over $208 million in capital  for the businesses they serve.  That is not a typo $208 million.

In the year July 2014  to July 2015 they received $2 million statewide and secured $2 million in capital.

Interestingly, California cut their funding by 25%  for  July 2016 to 2017 to $1.5 million.  Other states put a lot more resources towards this powerhouse program-- leveraging the SBDC's federal funds in the process.

What is really distressing is that there is no assurance that any of this  funding will be continued  in the July 2017 to  June 2018.

I applaud Go Biz for their  past funding  but this must be continued in the July 2017  through June 2018 year and beyond. I would ask all of you  to send an email to Panorea Avids the head of Go Biz.
Her email is Panorea.Avids@GOV.CA.GOV. Tell her how helpful this is for  hundreds of California’s small businesses and how  provides an incredible  rate of return on  California’s  investment.

It is time for small businesses around the state to have their voices heard.

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA  94116

1 comment:

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Small Business California is very famous these days. They have been successful due to their hardwork and Programs. I will follow them whenever i will start my own business.