Washington DC Business News

(SACRAMENTO) In celebration of Black History Month, the California Legislative Black Caucus (CLBC) and the California Black Chamber of Commerce (CBCC) recognized 16 honorees at the annual Black Business Brunch on Feb. 10 at the Citizen Hotel in Sacramento. The small business owners from every corner of the state were recognized for their entrepreneurship, contributions to their respective communities, and vital roles in improving California's economic landscape. The proprietors were chosen by members of the CLBC and CBCC. They were honored on the Assembly floor at the State Capitol later that afternoon. “We gather here today to honor the incredible African American, small business owners of California,” Jay King, President and CEO of CBCC, told California Black Media. “We have to show them some love because they are the heart and soul of our communities. Their tireless work and unwavering dedication show what it means to be leaders” 

In the bustling heart of California’s Inland Empire, the Caltrans District 8 Small Business office is paving the way for small businesses, disadvantaged business enterprises (DBEs), and disabled veteran business enterprises (DVBEs) to thrive. With a commitment to equity and economic development, this program offers invaluable resources for entrepreneurs and veteran-owned companies eager to participate in state and federal contracting. For Caltrans, small business is more than just a priority—it's the backbone of its procurement mission. Leveling the Playing Field: DBE and DVBE Programs Caltrans District 8 has set ambitious goals to include DBEs in federally funded projects, aiming for a 22.2% DBE participation rate. This certification process ensures that DBEs with social and economic disadvantages have a fair shot in a competitive landscape. DBE firms must meet strict eligibility standards based on ownership, control, personal net worth, and business size, providing them with opportunities to contribute meaningfully to state projects. In addition to DBE support, Caltrans promotes inclusivity for small businesses and DVBEs through state-funded projects. The agency has committed to achieving a 25% small business (SB) and a 5% DVBE participation rate in these projects, reflecting its dedication to empowering entrepreneurs and veteran-owned companies. By doing so, Caltrans not only bolsters local economies but also enriches the fabric of California’s workforce with diverse talents and perspectives. Education and Outreach: Building Skills, Expanding Networks Recognizing the importance of knowledge and networking, the Caltrans District 8 Small Business office hosts an array of educational events throughout San Bernardino and Riverside Counties. These gatherings—such as the Surety (Bonding) Workshop, “How To Do Business With Caltrans” sessions, DBE and SB/DVBE certification workshops, and pre-bid meetings—equip businesses with the tools needed to succeed in state contracting. Through these events, Caltrans aims to create a well-informed, prepared small business community ready to navigate the intricacies of public sector procurement. Tools for Success: Practical Resources for Small Businesses For those looking to take the plunge into state contracting, Caltrans District 8 offers a suite of practical tools. Resources like Contractor’s Corner provide insights into project advertisements, bidding processes, and awards, while the Department of General Services’ eProcurement portal simplifies doing business with the state. The dedicated support for DBEs, DVBEs, and small businesses is a testament to Caltrans’ commitment to fostering a diverse supplier base. To further drive small business success, Caltrans adheres to Government Code Section 14110.3, which sets a 25% participation goal for certified small businesses in non-federal contracts. When this goal applies, small business preferences are visibly displayed on advertised projects, signaling to contractors and small firms alike that Caltrans is serious about meeting its targets. This emphasis on inclusive practices is instrumental in helping small businesses build their portfolios and strengthen their foothold in the industry. How to Get Involved For small businesses and DBEs interested in the opportunities Caltrans provides, the first step is simple: reach out. The Caltrans District 8 Small Business Program is accessible, supportive, and ready to answer questions from prospective contractors. With a dedicated contact at the District 8 Small Business Program office and resources available through the Office of Construction Contract Awards, Caltrans makes it easy for businesses to take the leap. For questions or assistance, interested parties can email the District 8 Small Business Program at d8smallbusiness@dot.ca.gov or call the Office of Construction Contract Awards at 916-227-6299. As the landscape of California’s infrastructure continues to grow, so too does the role of small and disadvantaged businesses in shaping its future. Through Caltrans District 8’s Small Business office, the agency has set the stage for greater diversity, innovation, and economic opportunity within the state's procurement ecosystem. By empowering small businesses, Caltrans is driving not just the roads and highways, but the communities they serve, toward a brighter, more inclusive future.

SACRAMENTO, CA — In the heart of Sacramento, a powerful advocate for Black business owners and professionals has been fostering economic empowerment and community development for nearly four decades. Established in 1984, the Sacramento Black Chamber of Commerce (SBCC) stands as a pillar of support, uniting African American entrepreneurs, innovators, and professionals. With a vision for lasting economic structure, SBCC is a network of high-energy professionals, all dedicated to advancing the economic, cultural, and civic well-being of Sacramento’s African American community. At its core, SBCC’s mission is about more than just business—it’s about achieving sustainable economic development for Black communities across the region. Through a host of benefits, networking opportunities, educational resources, and advocacy initiatives, SBCC paves the way for members to grow their businesses, expand their influence, and build a supportive professional network that champions their success. Unlocking Opportunity: Member Benefits that Propel Business Growth SBCC offers a rich array of resources and opportunities, starting with its commitment to robust business networking. The Chamber’s regular mixers and events, featuring guest speakers and workshops, create spaces for members to connect, share ideas, and foster new partnerships. These events, alongside collaborations with other African American organizations, strengthen community ties and open doors for professional and personal growth. For businesses seeking workspaces, SBCC provides access to its conference room, available for business meetings and professional use. Members also gain direct business referrals from SBCC staff, who connect them with clients and partners, creating a bridge between Black-owned businesses and Sacramento’s broader business community. But SBCC’s support doesn’t stop there. The Chamber prioritizes entrepreneur education and training, sponsoring seminars on topics such as accessing capital, effective governmental policy, and business matchmaking. SBCC members gain critical business insights and are equipped with the skills needed to thrive in partnerships with organizations like SMUD, Sacramento Regional Transit, and the City of Sacramento. Marketing and Promotion: Elevating Sacramento’s Black-Owned Businesses In a world where visibility is key, SBCC amplifies its members through a variety of marketing and online promotions. Members are spotlighted in the Chamber’s e-newsletter, featured in an online directory, and introduced at New Member Orientations, giving each business a platform to present its unique strengths to a larger audience. The Chamber’s website further promotes member businesses with strategically placed banner ads, event promotions, and email blasts that keep the SBCC community informed and engaged. SBCC also offers member-to-member discounts, encouraging cross-support within the network, and provides advertising opportunities that help businesses gain further exposure within the Sacramento community. This comprehensive marketing support is designed to give members a competitive edge in the local market while nurturing a collaborative spirit within the Chamber. Advocacy, Community, and Beyond: The Broader Impact of SBCC Beyond business support, SBCC champions policy education, advocacy, and community engagement. The Chamber tackles issues that impact African American businesses and fosters a space where members can learn about and advocate for policies that support economic equity and inclusivity. Through these efforts, SBCC has become a voice for Sacramento’s African American community, promoting an environment where businesses can thrive and contribute to the city’s economic and cultural landscape. As SBCC approaches its 40th anniversary, its legacy is clear: a steadfast commitment to uplifting Sacramento’s African American business community. Through advocacy, resources, and a focus on economic empowerment, the Sacramento Black Chamber of Commerce remains a beacon of opportunity, a foundation of support, and a bridge to a brighter, more inclusive future for all. For more information visit: https://sacblackchamber.org

Join the Sacramento Black Chamber of Commerce for its 39th Annual Board Installation and Awards Dinner, a celebration of leadership, excellence, and community achievements. This special evening will honor distinguished business and community leaders who have made significant contributions to Sacramento and will also welcome the newly appointed board members. Guests will enjoy an inspiring program, valuable networking opportunities, and the chance to connect with prominent entrepreneurs, civic leaders, and innovators. From seasoned professionals to those beginning their journey, attendees can celebrate progress and be inspired by individuals making a difference. The evening will include a delectable dinner, live entertainment, and a celebration of the best of Sacramento’s Black business community. Key Highlights: Installation of the Board of Directors, who will shape policies and oversee the Chamber Foundation. Fundraising for the Young Leadership Collaborative (YLC), which has prepared nearly 300 young adults (ages 16–23) for entrepreneurship, financial literacy, and leadership since 2009. Presentation of awards in the categories of Non-Profit of the Year, Small Business of the Year, and Champion of the Year. Sponsorship and Ticket Details: Individual tickets, tables, and sponsorship packages are available. Each sponsorship includes a table for eight. For sponsorship requests or questions, email info@sacblackchamber.org . Sponsorship deadline is November 29, 2024. Reserve a spot today for an unforgettable night of celebration, inspiration, and community support!

​HOLLYWOOD, Calif. (Oct. 27, 2024) – Governor Gavin Newsom today proposed expanding California’s Film & Television Tax Credit Program from the current $330 million annual allocation to $750 million annually. The massive increase to the program, which is administered by the California Film Commission (CFC), would allow California to outpace other states offering tax credits, luring more entertainment industry projects back to the Golden State. “California is the entertainment capital of the world, rooted in decades of creativity, innovation and unparalleled talent,” Governor Newsom said. “Expanding this program will help keep production here at home, generate thousands of good paying jobs, and strengthen the vital link between our communities and the state’s iconic film and TV industry.” “California needs to keep pace with competing states and nations in providing aggressive tax incentives,” said Colleen Bell, Director of the California Film Commission. “The Governor’s bold plan will accelerate these efforts and assure California remains the production center of the entertainment industry.” The economic value of increased production pays dividends on many fronts: A study of the tax credit program found that, for every tax credit dollar approved, it generated and created at least $24.40 in output , $16.14 in GDP, $8.60 in wages, and $1.07 in initial state and local tax revenue resulting from production in the state. Since its inception in 2009, California’s Film & Television Tax Credit Program has generated over $26 billion in economic activity and supported more than 197,000 cast and crew jobs across the state. According to Bell, the program has been oversubscribed year after year, with more productions applying than can be accommodated under the current budget cap. The results have been tangible. In recent years, projects unable to secure California’s tax credits moved to other locations. That migration caused significant economic losses, with an estimated 71% of rejected projects subsequently filming out-of-state . Many other projects chose not to apply due to the limited funding, suggesting that total runaway production losses are likely much higher. For example, between 2020 and 2024, data shows California lost an estimated $1.6 billion in production spending due to limited tax credit funding , directly impacting state jobs and local economies. Despite these challenges, the CFC has enjoyed some major recent wins through the tax credit program, including: September 2024: Indie films and “Suits LA. ” $51.6 million to support 19 projects, including 15 independent Expected to generate $284.4 million in spending, with $112.1 million allocated to wages, and over 3,800 jobs. July 2024: Five new TV projects, including HBO’s “Latitude” and 20th Television’s “All’s Fair.” $58 million in tax credits went to five television projects, which was expected to generate $386 million across 438 filming Estimated to support 15,869 background performers, 1,196 crew members, and 685 cast members. March 2024: Amazon’s Fallout relocated to California . $152 million in tax credits went to 12 projects, including Fallout’s second season relocating from New York. Projected to bring in over $1.1 billion in spending across the state and support 4,500 cast and crew members, plus 50,000 background performer days. December 2023: The Mandalorian & Grogu to film in With a total of $400 million allocated to 15 projects, including Lucasfilm’s The Mandalorian & Grogu alone that was set to inject $166 million into California’s economy. Nearly 20,000 jobs created, including 2,252 crew and 598 cast. Other productions included “The Accountant 2” by Amazon Studios, “Untitled 20th Film,” Disney’s untitled live-action feature. In 2023, Governor Newsom signed a five-year extension of the program, including new workforce diversity provisions , more funding for the Pilot Career Pathways Training Program , and the nation’s first Safety on Production Pilot Program . Furthermore, tax credits will become refundable for the first time since the program’s inception in 2009, beginning with the 2025-26 fiscal year, with Program 4.0 set to commence on July 1, 2025.