The CalOSBA is proud to announce the launch of their new Small Business Assistance Program. This grant-making program will provide up to $25,000 in funding for small businesses around California that are underserved by other business development programs.
“The California Small Business Association (CalOSBA) has announced grants to expand small business assistance in California. The CalOSBA is a nonprofit, nonpartisan organization that provides free educational workshops, counseling, and other services to help entrepreneurs start or grow their businesses.”
Over 3,000 small enterprises have benefited from the programs’ training and counseling.
Sacramento, California — CalOSBA (California Office of the Small Business Advocate) has announced grant awards to California Small Business Technical Assistance Expansion Program awardees (SB TAEP). Over 80 technical assistance centers have received approximately $17 million in grant funding from the state to expand their business consulting and training services to historically underserved business groups, such as women, minority, and veteran-owned businesses, as well as businesses in low-wealth, rural, and disaster-affected communities.
“For start-ups, small enterprises, and entrepreneurs, technical assistance combined with finance is a game-changer. “California has a particularly competent and well-positioned technical assistance network of centers offering services to different organizations and communities throughout the state, thanks in part to this financing,” said Tara Lynn Gray, CalOSBA’s Director.
Since its inception in 2018, TAEP and its partner initiative, the Capital Infusion Program (CIP), have provided free advice and no-to-low-cost training in over 30 languages to over 440,000 small enterprises. Over $3 billion in capital has been invested in California small companies as a consequence of these initiatives. Over 3,000 small enterprises have started as a result of the programs’ training and consultation, which has resulted in the creation of over 19,000 employment.
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“This funding will enable the OCIE SBDC to expand its services and provide targeted training and consulting to those businesses most affected by the pandemic, such as minority and underserved small business owners and start-up entrepreneurs,” said Mike Daniel, Regional Director of the OCIE SBDC Network.
SB TAEP uses a competitive mechanism to distribute funds to qualifying locations. All five Small Business Development Centers (SBDCs), 14 Women’s Business Centers, Procurement Technical Assistance Centers, Rural Development Centers, Chambers of Commerce, the Manufacturing Extension Partnership Center Network, and small business-serving local nonprofits will benefit from this year’s funding. The grantees will work to close the opportunity gap and enhance economic mobility for marginalized small companies and entrepreneurs by providing advising and training to help them start, grow, and create employment.
Federal and private funding partners select small company technical assistance centers to run small business technical assistance programs throughout the state. These centers provide private one-on-one advice and training to assist small companies and entrepreneurs in California start, grow, attract investment, and create employment. SB TAEP gives state grant support to current and new centers, including satellite locations, to increase consulting and training services.
For additional information and to see the SB TAEP Awardees, go to CalOSBA’s new website.
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Related
The “california office of the small business advocate grant” is a program that provides grants to help small businesses in California. The grants will be given out to organizations who are working on projects that benefit small businesses.
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