The U.S. Small Business Administration (SBA) Administrator Jovita Carranza announced the SBA is offering low-interest federal disaster loans for working capital to small businesses in California regions that have been economically impacted by the severe storms and flooding that occurred in San Bernardino County Nov. 27- Dec. 1, 2019. The disaster declaration was made on Feb. 12, 2020, following a request from Governor Gavin Newsom’s representative Mark S. Ghilarducci.
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Ecommerce software platform Volusion released a report on the top places in the United States with the greatest share of minority-owned startups. Their findings show that five out of the top 15 metropolitan areas with the highest share of minority-owned startups are in California, and only the top nine areas have more than 40 percent minority-owned startups.
The latest UCLA Anderson Forecast of California’s economic and housing market reports that housing will continue to cool into the year 2020 despite current job growth and strong economy. The economists attribute the weakening to falling home prices in major markets and decreased demand.
In September, California Governor Jerry Brown signed the SB 826 bill into law, a landmark legislation requiring female representation on corporate boards. Specifically, the bill requires that at least one woman be on the board of publicly-held companies in California by year-end 2019. Despite concerns over its potential efficacy, the bill is an important step in diversity and inclusion, as well as for the advancement of women.
In an official letter, Governor Brown stated, “There have been numerous objections to this bill and serious legal concerns have been raised. I don’t minimize the potential flaws that indeed may prove fatal to its ultimate implementation.” He continued, “Given all the special privileges that corporations have enjoyed for so long, it’s high time corporate boards include the people who constitute more than half the ‘persons’ in America.”
How does this concern real estate? Publicly-held real estate companies in California are most likely to be affected by this new legislation, requiring female representation on their boards. This might be a productive start for increasing the share of women in areas where they’re greatly underrepresented, such as commercial real estate.
Did you know there are 6 million Seniors in California right now! How can you benefit from that as a Real Estate Agent while helping Seniors with Housing? Steve Haskell has the facts. Listen to the sheCall above!
After dealing with numerous deadly fires earlier this year, California is currently dealing with three major wildfires, including the Camp Fire in Butte County, the Woosley Fire in Los Angeles County and the Hill Fire in Ventura County. California Governor-elect Gavin Newsom recently issued emergency proclamations in response to the wildfires and requested statewide FEMA Emergency Declaration. While Cal Fire firefighters still work hard to contain these fires and affected homeowners plan their next steps, it is important to know about the available resources for financial and physical damage recovery.
California Governor Jerry Brown signed the SB 826 “Women on Corporate Boards” bill this past weekend, a landmark legislation requiring female representation on corporate boards. Specifically, SB 826 requires that at least one woman be on the board of publicly held companies in California by year end 2019. Despite concerns over its potential efficacy, the bill is an important step in diversity and inclusion, as well as for the advancement of women.
June 21, 2018
The Hon. Monique Limon
Chair, Banking and Finance Committee
California State Assembly
State Capitol, Sacramento, CA
Dear Hon. Monique Limon,
This letter expresses the support of Women in the Housing & Real Estate Ecosystem (NAWRB) for the passing of SB 826, “Women on Corporate Boards.” Having diverse members on corporate boards is not only an ethical decision—it’s good for business. Credit Suisse research demonstrated that companies are more profitable and more productive when they have at least three women directors on their boards, especially in return on equity and stock performance.
The housing market, with rising home prices and low mortgage rates, has created happy homebuyers; but these rates are increasing, home values are pricing Americans out of entire cities and low inventory means people rarely buy their most desired home.