Earlier this year, Oakland saw a $3.25 increase in its minimum wage from $9 per hour to $12.25 per hour. While some business owners have been adjusting to this increase, it’s now time to prepare for another increase.
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Asset Funders Network and FIELD at the Aspen Institute recently released a study about the racial wealth gap. Because Black and Latino households hold lower levels of business and financial assets, contributing to lower levels of wealth, business ownership can be a vehicle to increase an entrepreneur’s and her family’s overall net worth.
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OBDC is honored to have received grants from Wells Fargo, the Office of Community Services, and the Small Business Administration (SBA) to support our programs:
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Rachel Aoanan, OBDC’s Manager – Loan Processing is our contributing blogger this week. She’s also the mastermind behind @obdcfinance on Instagram!
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Next month, the new technology coming into our debit and credit cards (it’s called EMV) is taking place. There are still questions about the technology, regulations, and timeline. We’re here to answer a few.
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