Dear NAWBO leaders, members, and friends,
I want to celebrate each and every one of my NAWBO sisters doing what you do every day. We continue to build our businesses for our teams, our families, our communities, ourselves. Women-owned businesses in the United States employ over 9 million people and generate over $1.8 trillion in sales. We are powering through a pandemic, even with its twists and turns. Over 1,800 new women-owned businesses start every day. Together we are fueling an expanding economic engine and inspiring others to do the same.
Even though summer is typically quieter, there is much to do (and much being done) at every level. We are welcoming new chapter boards and new leadership across the state. At NAWBO-CA, we’re planning our popular all member mixer for the end of September where we can Zoom, network, and cheers as only NAWBO sisters can. (Keep an eye out for dedicated emails with registration information.) We’re strategizing with our partners on what the year ahead holds and look forward to announcing charter members of our new NAWBO-CA advisory board. And of course we continue to advocate in Sacramento for women business owners.
Speaking of advocacy and inspiration, I’m excited to invite you to nominate yourself or a fellow NAWBO sister for the Inspirational Women Awards. This inaugural award from Los Angeles Times celebrates women leaders across California, including CEOs, executives, entrepreneurs, rising stars, and non-profit leaders. Let’s elevate and celebrate our NAWBO sisters! Learn more here and click here for the nomination form.
Please check out the upcoming chapter events. Many chapters are still holding virtual or hybrid events and it’s a fantastic opportunity to expand your NAWBO network. I look forward to sharing more updates with you as we move into fall and to seeing many of you at our next CA mixer. Stay safe and healthy.
Amber Wallace
NAWBO-CA President
President & CEO, Dowitcher Designs
Past President, NAWBO Santa Barbara
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There is still time to apply for NAWBO-CA Pathways to Corporate Board Program!
Now more than ever, companies are seeking diverse board candidates. In the two years since SB 826 was passed, 739 seats were filled by women on the boards of California public companies, as opposed to 208 in the two years prior to the bill.
Watch this video to learn more about the Pathways Program from our Executive Directors Renee Fraser, founder and CEO of Fraser Communications and Schenae Rourk, President of Redwood Resources.
You will also hear from Pathways Mentors and Board Directors serving on the boards of Guided Compass (dba/The Creighton Group), Claremont Graduate University, Novaria Aerospace Group, All Sports Television Network, Capital Expert's Innovation Council, Los Angeles Area Chamber of Commerce, Mobility 21, and UnidosUS, among other boards.
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NAWBO-CA Advocacy & Public Policy report
As reported in the July Newsletter, the Legislature adjourned for its summer recess on July 16th and reconvened on Monday, August 16th for what will surely result in a whirlwind of activity before they adjourn for the interim recess on September 10th. Staff and committee consultants will be in their offices to prepare amendments and committee analyses in advance of the flurry of activity that will occur during the remaining 30 days of session before they adjourn for the interim recess.
The recall and election are confirmed for September 14th, just four days after the legislature adjourns for the interim. Voters will either vote yes to recall the Governor or no to enable him to finish out his term. Voters who want the Governor recalled will choose one from a list of 46 candidates who have qualified for the ballet. It is important to note that the Secretary of State will have 30 days after the election to verify the votes and announce the results on October 14th. The 14th is just four days away from the Governor’s deadline to act on the bills that will have arrived on his desk at the close of the legislative session. It will be interesting to see how many bills the Governor will sign and veto, depending on the polling results following the recall election.
These past two years of the pandemic have proven to be extraordinarily challenging for women business owners. As the nation emerges from the pandemic, the California Legislature is planning to advance measures that will significantly affect women-owned businesses, once again testing our strength and agility to weather whatever lies ahead.
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Our next statewide Member Mixer is coming next month - stay tuned for more details! |
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Inspirational Women Forum and Awards
Los Angeles Times B2B Publishing announces the Inspirational Women Forum and Awards event recognizing female business leaders who have demonstrated noteworthy success and accomplishments during the last 24 months.
This event will recognize female executives for their contributions and leadership within their organizations, the business world and the community at large. Awards categories include:
- Chief Executive Officer
- Company Executive
- Entrepreneur and/or Founder/Co-founder
- Rising Stars
- Non Profit Executive
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Starting a practice or purchasing commercial real estate? Check out these offers from Bank of America
2.99% for Practice Solutions Startup Loans
For clients starting a practice for the first time, BofA is offering practice startup loans with a choice of flexible payment plans to provide more time to get up and running. This all-inclusive financing covers everything from office design and equipment installation to training, supplies and working capital. Other advantages include fixed rates and flexible terms
and interest-only options.
Currently, BofA is offering eligible clients a competitive, limited-time rate offer of 2.99% for startup loan applications submitted through September 30, 2021 and booked by January 31, 2022. This rate offer is for the life of the loan on qualifying approved Practice Solutions secured term start-up loans only.
Owner Occupied Commercial Real Estate offering
- Appraisal Fee for Conventional and SBA Commercial Real Estate Secured Loans. Fee Waived
- Loan Origination Fee for Conventional Secured Loans Fee Waived
- Bridge Fee on SBA 504 Bridge Loans and Bank Portion Fee of the Permanent SBA 504 term loans Waived.
- Bank Packaging Fee on SBA 7A and SBA Express Loans Waived
- 1.99% for the first six months and then a competitive rate through maturity.
- Offer Expires September 30, 2021 and close
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Applications are open for Morgan Stanley's Multicultural Innovation Lab
Morgan Stanley’s Multicultural Innovation Lab is an in-house accelerator for technology and tech-enabled startups across industries that are led by women and multicultural entrepreneurs. The Lab combines a $250,000 cash contribution with a 5-month curated program and mentorship with access to diverse networks. Learn more and apply by September 16.
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Bakersfield :: Safety September | September 21 | Location TBD | Contact Allison for info
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