Development Corporation attends San Bernardino County Economic Forecast

As the economic downturn caused by the COVID-19 pandemic fades further into our rearview mirror, the impact of the massive fiscal stimulus that was injected into the U.S. economy during the crisis has taken center stage. The historic stimulus created an enormous amount of private sector wealth, which has shown in the form of high savings rates, excessive consumption, rapidly rising asset markets, and exploding home prices.

At this year's San Bernardino County Economic Forecast Conference, Dr. Christopher Thornberg presented a comprehensive forecast for the national, state, and Inland Empire economies, addressing the most important trends affecting consumers, businesses, real estate markets, and government through 2022 and beyond.

Keynote speakers included California State Treasurer Fiona Ma, UCR Research Manager Dr. Taner Osman, and County of San Bernardino CEO Leonard Hernandez.

Over 10K Jobs Created or Preserved through COVID-19 Micro Loan Guarantees

California Infrastructure and Economic Development Bank (IBank) recently celebrated an amazing milestone – more than 10,000 jobs created or retained by California small businesses since April 2020 through IBank’s Covid-19 Micro Loan Guarantee Program. This initiative, which resulted in $92 million in approved loans, represents a state investment of $50 million in the wellbeing of its most vulnerable businesses during a critical time. Small and micro businesses are our state’s economic lifeblood. As such, Small Business Development Corporation of Orange County is profoundly grateful for the important work of IBank in supporting these business communities, for the lenders who collaborate with SBDC-OC in providing crucial funding, and for our community leaders for building awareness and continuing their commitment to assist local business owners. Improving and maintaining the health of our economy is truly a team effort.

SBDC-OC attends California Small Business Day

August 18th is California Small Business Day. To celebrate, our staff and invited guests joined with our state legislators in Sacramento to recognize and salute small businesses throughout the state.

California Small Business Day is the result of Assembly Resolution HR-57 that passed unanimously in 2000. This event brings together small business leaders, California state senators, assembly members and other state agency leaders in celebrating outstanding accomplishments and recognize the contribution of small business to the state of California. 

California Small Business Day is an opportunity to connect with small business leaders, legislators, and other state agencies.

SBDC-OC employees donate to Grandma's House of Hope

 
 

It wouldn’t be Christmas without a celebration of giving, and during these very difficult times, giving to those in need is particularly important. This year, Small Business Development Corporation of Orange County and its employees were privileged to contribute $2,740 in personal and corporate funds to Grandma’s House of Hope, a nonprofit in Santa Ana that is doing extraordinary work making sure families have food, at-risk youth have educational support, and men and women who face obstacles are provided the best opportunities. We encourage all who are able to financially support organizations that are striving to meet basic needs that have dramatically increased due to the COVID-19 pandemic. What better season to come together and lift each other up.

 

SBDC-OC attends RMA OC Real Estate Panel

SBDC-OC staff members Michael Ocasio, Ken Freedman, Richard Lee, Eduardo Brugman and Nestor Correa, along with Resource Partners Jim Ely and Thanh Pham attended the RMA OC Real Estate Panel, sponsored by First Bank and Integrity Joint Control.

RMA OC helps members use sound risk management principles to improve institutional performance and financial stability, and enhances the risk management competency of individuals through information, education, peer sharing, and networking.

SBDC-OC President featured on Wait...What? Financial Matters that Matter

SBDC-OC CEO Michael Ocasio was the featured guest on the podcast show “Wait...What? Financial Matters that Matter,” a weekly show hosted by Board Member Eric Bell, who discusses topics across multiple topics in the world of Business Planning, Tax Mitigation, Risk Management, and Capital." Mr. Ocasio gives details on funding small businesses with the help of the state of CA through Small Business Development Corporation to create jobs and grow CA economy.

Link to Podcast: https://sitchradio.com/avenue-to-capital/

SBDC-OC attends LPN event

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On September 12th SBDC-OC attended the Latino Professional Networking mixer at the Harbor House DTLA. Pictured are Nestor Correa, SVP, Eduardo Brugman, CIO, Michael Ocasio, CEO and Board Member Pablo Ocasio. The Latino Professional Network, founded in Los Angeles in September of 1999, stands as one of the largest and preeminent associations of Latino professionals, community leaders, and students in the country.