Governor Newsom Highlights Investments in Entrepreneurship Initiative During Visit to Immigrant-Owned Small Business
Governor Newsom and Small Business Owners Discuss Importance of SEED Microgrants
SEED is a $30 million initiative supporting entrepreneurship for Californians facing significant barriers to employment
California’s support for immigrants is bolstered by other proposed investments for a strong economy that embraces diversity and opportunity for all
HUNTINGTON PARK – Following meetings with world leaders at the Summit of the Americas, Governor Gavin Newsom, accompanied by California Labor Secretary Natalie Palugyai, today visited Sazon Bar & Grill, a restaurant owned by immigrants in Huntington Park which has received financial support from the State Entrepreneurs Initiative for Economic Development (SEED). SEED is a $30 million initiative that supports entrepreneurship and worker cooperatives as a pathway of opportunity for Californians who face significant barriers to employment due to limited environmental literacy. English or immigration status.
“The California Dream should be available to all Californians, regardless of immigration status or background,” Governor Newsom said. “Zacil and Coco are proof that the Dream is alive and well in the State of California. We know that immigrants and their children are an integral part of California’s identity and bring new talent and ideas to our economy. C That’s why we’ve invested $30 million in our SEED initiative and are proposing more investments to support an economy with inclusive opportunities for all.
Governor Newsom Visits Small Business Owners Supported by the State’s Economic Development Social Entrepreneurs Initiative
Sazon Bar & Grill is a traditional Mexican street food restaurant owned by Zacil Pech and his mother Maria “Coco” Del Socorro Vazquez, an immigrant and single mother. After opening in 2021, they received a SEED grant and will celebrate their first anniversary on July 10.
“As the daughter of immigrants and California’s first Latin Secretary of Labor, I know firsthand that immigrants shape our cultural identity and economic growth in powerful ways,” said Natalie Palugyai, Secretary of California Labor & Workforce. Development Agency. “Immigrants make up one-third of California’s workforce, and opportunities like SEED grants reflect the immense value we place on providing this community and workforce with pathways to economic success. . »
California is ranked as the most diverse state in the country, with immigrants making up nearly 27% of the population and one-third of the entire workforce. California is home to 829,369 immigrant entrepreneurs and 25 Fortune 500 companies founded by immigrants or children of immigrants, according to data from the American Immigration Council. Immigrants bolster the state’s workforce in every industry, from Fortune 500 companies to neighborhood microenterprises.
In 2020, Governor Newsom offered one-time funding of $10 million to create SEED – which continued with an investment of $20 million in 2021. SEED provides micro-grants, entrepreneurial training, and technical assistance to support starting or maintaining a small business. SEED also supports the creation and sustainability of worker-owned businesses and cooperatives, including support for the conversion of small businesses to employee ownership.
SEED is administered in partnership with nonprofit community organizations that help underserved communities in culturally and linguistically effective ways. The initiative helps people with limited English proficiency, regardless of immigration or citizenship status, as well as non-citizens, including undocumented immigrants, refugees and asylum seekers.
Last year, Governor Newsom implemented the largest small business relief program in the nation, investing $4 billion in direct grants and $6.2 billion in tax cuts for California businesses. In this year’s state budget, Governor Newsom proposes new investments in inclusive opportunities through:
- The Care Economy in California: $1.46 billion to maximize a diverse and culturally competent workforce, improve job quality, increase career opportunities and advance health equity, to meet the current and future needs of a healthy California for all.
- Support for small businesses: $650 million in grants and tax relief for small businesses suffering from the pandemic, including an additional $150 million for the COVID-19 Small Business Relief Grant Program and $60 million to help new businesses get started launch successfully and create a more diverse and local environment. the state economy.
- Integrated education and training: $60 million over three years to expand pilot English language learning programs in integrated education and training programs, combining contextualized English instruction with skills training for in-demand professions.
- Workforce Literacy: $20 million to expand workplace literacy training in contextualized English, digital skills and technical skills. This will create a more skilled workforce and open pathways to higher wages and better jobs for immigrants.
- California Youth Leadership Program Language Justice Journey: $10 million to expand career paths for community college students, including immigrant youth, through the California Youth Leadership Corps, a new statewide partnership between the Labor Agency, the Community Learning Partnership, select California community colleges, local non-profit organizations and community partners.
- Export Training Network: $2 million to support the statewide expansion of the Export Training Network, within the Governor’s Office of Business and Economic Development (GO-Biz), which develops programs and programs for underserved business owners, including immigrant entrepreneurs and small business operators.
- Quick start and navigation guides: $600,000 to increase the number and availability of quick-start guides for businesses and develop guides to navigating the business licensing process for immigrants, with additional translations for these online resources and services.
- Grants for local government: $8.7 million for competitive grants to local governments to help immigrant populations navigate state and local services, including workforce and entrepreneurship supports.
- Immigrant-focused position: Ongoing funding for a position in the Governor’s Office of Business and Economic Development (GO-Biz) to support the coordination of immigrant integration statewide.