how are you going to fight for small businesses?
To empower small businesses in California by increasing access to funding, reducing bureaucratic barriers, and fostering job creation through public and private sector partnerships. the 5 main ways I will take on this fight are as follows:
1. Expand Access to Capital for Small Businesses
2. Reduce Regulatory Burdens & Streamline Processes
3. Leverage Public-Private Partnerships for Job Creation
4. Support Minority, Women, and Veteran-Owned Businesses
5. Promote Innovation & Workforce Development
These five strategies will promote economic growth, job creation, and innovation. By implementing these initiatives, small businesses will have greater financial support, fewer bureaucratic hurdles, and more opportunities to thrive.
More funding opportunities for small businesses
Faster business registration & loan approval processes
Increased job creation across California
Stronger local economies & revitalized business districts
Empowered minority, women, and veteran entrepreneurs
1. Expand Access to Capital for Small Businesses
Policy Initiatives & Actions:
Increase Federal & State Grants: Advocate for expanding Small Business Administration (SBA) grants and low-interest loan programs.
Expand Local Microloan Programs: Work with local credit unions and community banks to offer more microloans for startups and underserved entrepreneurs.
Tax Incentives for Lenders: Push for tax breaks for banks and private investors who provide low-interest loans to small businesses.
Encourage Crowdfunding & Alternative Financing: Support legislation that makes it easier for businesses to access funding through crowdfunding, venture capital, and angel investors.
Public Banking Options: Explore the feasibility of state or municipal-backed public banks that can provide low-cost funding for small businesses.
2. Reduce Regulatory Burdens & Streamline Processes
One-Stop Business Registration Portals: Advocate for a single online platform where entrepreneurs can register their businesses, apply for permits, and access funding resources.
Cut Unnecessary Red Tape: Identify outdated and burdensome regulations that disproportionately affect small businesses and push for their removal.
Fast-Track Permitting for Small Businesses: Work with state and local governments to establish a fast-track approval process for new business licenses and permits.
Expand Tax Deductions for Startups: Increase federal and state tax credits for small business expenses, including equipment, payroll, and rent
3. Leverage Public-Private Partnerships for Job Creation
Create a Small Business Hiring Incentive Program: Provide tax credits for small businesses that create full-time jobs, especially in economically disadvantaged areas.
Partner with Tech Companies & Corporations: Encourage major companies to invest in local startups and create supplier diversity programs that benefit small businesses.
Launch a "Small Business Accelerator Program": Connect small businesses with mentors, investors, and corporate partnerships to scale operations and expand hiring.
Revitalize Main Street Program: Provide grants and tax incentives to revitalize local business districts, improving economic activity and job growth.
4. Support Minority, Women, and Veteran-Owned Businesses
Increase Federal & State Contract Opportunities: Ensure that at least 30% of government contracts go to minority, women, and veteran-owned businesses.
Expand SBA’s 8(a) and Women-Owned Business Programs: Advocate for more funding and streamlined application processes for these critical programs.
Provide Business Training & Mentorship: Partner with chambers of commerce and business incubators to offer free training, networking, and mentorship opportunities.
Strengthen Access to Venture Capital: Push for more venture capital and grant opportunities targeting underserved entrepreneurs.
5. Promote Innovation & Workforce Development
Invest in Workforce Training Programs: Expand funding for community colleges, apprenticeships, and vocational programs to train workers in high-demand industries.
Encourage Green & Tech Sector Growth: Offer grants and tax credits for small businesses adopting clean energy, AI, and automation technologies.
Support Remote & Flexible Work Initiatives: Incentivize businesses that provide remote work opportunities, helping them hire talent from across the state.
Expand Broadband Access: Ensure that small businesses in rural and underserved areas have access to high-speed internet, a critical tool for modern business operations.