Senator Anthony Portantino continues to be a champion for small businesses. See the below press release for more information. Thank you Senator Portantino!
Sacramento, California – Today [May 1, 2019], SB 349 passed the Senate Governance & Finance Committee. SB 349 authored by State Senator Anthony J. Portantino (D–La Cañada Flintridge) and co-authored by Assemblymember James Ramos (D- Highland) modifies the minimum franchise tax on small businesses and creates a tax structure to encourage entrepreneurship in California.
SB 349 is an attempt to help small businesses succeed and encourage investment growth while also respecting protections with LLCs (Limited Liability Corporations). The bill creates a fee structure based on a small businesses annual gross receipt to replace the flat $800 flat minimum tax mandate. This will help foster growth of small businesses and encourages entrepreneurship.
“Since my time in the Assembly, I have tried to find ways to support small businesses in California and I am very happy that this bill is moving forward. By eliminating the minimum tax responsibility, California will send a strong message of support to small business owners. Small businesses are an ever-increasing important component of a successful economy and we need to encourage their success,” commented Senator Portantino.
California’s small businesses account for a significant portion of the state’s employers and about 45% of our state’s exports. SB 349 is sponsored by the California Small Business Roundtable and seeks to bring some economic fairness into the small business tax structure.
“I want to thank Senator Portantino for authoring this important bill for California Small Businesses. SB 349 will give fairness based on size and further incentives, which will encourage all small businesses to incorporate. This bill will help produce more revenue for the State of California and we are glad this bill is moving forward in the legislature,” commented Betty Jo Toccoli, President of the California Small Business Association
Attention members! One of your fellow members, Walmart, is giving businesses an opportunity to have their products be sold nationally, through Walmart and Sam's Club stores. Information on this "open call" is available on their website (http://walmart-jump.com/). Also see the attached release from Walmart. Here's hoping to see you on their shelves!
We love our library - and rightfully so. So can you take a moment and help them out? The National Medal is the nation’s highest honor given to museums and libraries for service to their communities. For 25 years, the award has celebrated institutions that demonstrate extraordinary and innovative approaches to public service and are making a difference for individuals, families, and communities. Read below for more info:
The Institute of Museum and Library Services—the federal agency that provides library and museum grants, policy development, and research—announced this morning that LA County Library is among its 30 National Medal Finalists for 2019, and one of 15 libraries. This is the Library’s second year in a row being nominated. LA County is one of three California institutions to have been selected as a 2019 finalist, and the only California library system.
IMLS will feature LA County Library on their Facebook and Twitter pages on March 15, and we encourage you to share how LA County Library has impacted your life. To participate you can visit the IMLS social media pages (see links above) on March 15 and comment on their post, or you can post anytime between now and April 22 on your own timeline. We ask that you include #IMLSmedals and tag them @LACountyLibrary.
It is a great honor to receive the award, which is a testament of the hard work done by the entire LA County Library team. I would like to take this time to express my appreciation to all of you for your support of LA County Library as they continue to remove barriers and improve lives.
Our fellow chamber partner, the Pasadena Chamber, has a great opportunity they want to share with our members.
The JPL Small Business Programs Office along with the City of Pasadena and the Pasadena Chamber of Commerce is proud to host the Small Business Opportunity Fair. This event focuses on helping the small businesses throughout the country highlight their products and/or services to the large business and government communities.
It is an all day event held on April 2nd in Pasadena. Please click on the link below to get more information and to register!
This last week, Southern California Gas Company presented "A Balanced Energy Approach that Can Work for Everyone - Making California's future renewable." This is something we have been following for a while and makes sense given the state's desire to be all electric construction by 2020 (businesses) and 2030 (residences). To see a pdf of the PowerPoint presentation, just click the link below. Also is a press release regarding their request for the CPUC to have renewal natural gas to their customers.
The Southern California Regional Rail Authority (SCRRA) is preparing an RFP to obtain a single firm that will operate and maintain the SCRRA rail system, called Metrolink. The selected firm will be responsible for operation and maintenance of the entire Metrolink fleet, maintenance of facilities, material acquisition and management, and other functions associated with operating and maintaining the nation’s third largest commuter rail system.
The DBE goal for the project has not yet been established but will be included in the final RFP.
If this sounds like something you would like to consider, please visit SCRRA's website at: https://www.metrolinktrains.com/bigrfp
Our partner SCE is offering a new Direct Install program. If the customer qualifies and if the vendor is in the area, they may be able to change out lighting to LED for free. There is no guarantee, but it is still a good program if it could be achieved. From what we understand, the vendor likes office buildings with low ceilings, and they would need to be small business customers. If you are interested, see the attached pdf and contact Joyce Lui from SCE. Her contact information is:
Account Manager, Business Customer Division
Did you know our partner Small Business Development Center has great sessions for small businesses. Most are free or low cost. Make sure and take advantage of them to make yourself as successful as possible.
Just got the new California Employment Report for December from the Center for Jobs and Economy. EDD reported that CA's seasonally adjusted unemployment rate went up to 4.2% while US was 3.9%. CA ranked second just behind Texas.
As employers, were you able to contribute to these stats by hiring in December? If so, we'd like you to let everyone know that you were an instrumental part of these stats. Just drop a comment below and let us all celebrate with you!
The Employment Development Department (EDD) is having a no-cost seminar for employees or independent contractor on January 16th. Make sure to register with EDD (www.edd.ca.gov/payroll_tax_seminars) or click the link below.