Spring 2015 Newsletter

Dear Friends, For 36 years, OBDC Small Business Finance has created opportunity by empowering entrepreneurs.  This year is positioned to be as busy and impactful as ever.   ·         We have moved offices to accommodate our organizational growth.  You can now find us at 2101 Webster Street, Suite 1200 in downtown Oakland. ·         We just…

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Celebrating Women’s History Month with Entrepreneurs

In the United States, women own 10.6 million businesses that produce approximately $2.5 trillion in sales every year. These women-owned companies employ 19.1 million workers, or one in every seven employees. Even though women own approximately 30 percent of small businesses, women-owned companies make up just 16 percent of bank loans and 17 percent of SBA loans. You can find more statistics about women entrepreneurs in this great fact sheet.

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Implementing the Minimum Wage: Resources for Borrowers

This week, the new minimum wage ordinance in Oakland went into effect. For more about the new laws and some tips about how to navigate the implementation process, check our our past blogs. Businesses across town are still working on all the systems and processes needed to comply with the law. Here are some resources to support you in that process:

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Opportunity Finance Network (OFN) and the Citi Foundation Select Jen Leybovich, Vice President – Strategy & Development for Prestigious Citi Leadership Program for Opportunity Finance

Oakland, February 24, 2015 – OBDC Small Business Finance announced today that Opportunity Finance Network (OFN) and the Citi Foundation have selected Jen Leybovich, Vice President – Strategy & Development, OBDC Small Business Finance, as one of 48 community development financial institution (CDFI) professionals who will participate in the second annual Citi Leadership Program for Opportunity Finance.

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The New Minimum Wage Mathematically Speaking

On March 2, the minimum wage increase in Oakland takes effect, and small business owners across the city are getting ready for the new regulation. Oakland will have the highest minimum wage in the country (though Emeryville is attempting to raise their minimum wage as high as $14/hour), and the discussion from small businesses about this increase has been mostly positive.

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