Welcome to our latest newsletter! We are excited to share news about Long Beach's continued economic growth, an update on our Kiva Long Beach Loan Program and news on the latest developments in our city! We are continuously working to bring about new programs and strengthen partnerships that will help sustain this growth for all Long Beach workers, investors, and entrepreneurs. Please keep reading for updates and information on upcoming workshops and events!
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City of Long Beach Celebrates International Digital Inclusion Week
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The City of Long Beach was designated as a Digital Inclusion Trailblazer by the National Digital Inclusion Alliance (NDIA) and celebrated International Digital Inclusion Week (IDIW) which was October 15 through October 21, 2018, by conducting in-person community outreach as well as implementing a social media engagement campaign to educate the social community about digital services, resources and tools that are available within Long Beach.
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Calling Local Startups! Help Long Beach Co-Create Solutions Through the STIR Program
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This month, the City released five challenges that will be open until November 7th. Four City departments, including Economic Development, are seeking innovative solutions to civic problems through the City's engagement with Startup in Residence (STIR). STIR connects startups with government agencies to develop technology products that address civic challenges. Over 16 weeks, these partners work together to co-develop a solution that creates real impact.
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Weber Metals Doubles its Employment with Addition of $180-million, 60,000-ton Press
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Weber Metals, located in Council District 9 of Long Beach and part of Paramount, unveiled a new, $180-million, 60,000-ton press, the world's largest private investment in aerospace metal forging. With this new press, the company will double its employment to 800 jobs. In 2015, the City established a Capital Investment Incentive Program (CIIP) to assist Weber Metals with their $300 million investment. The ClIP is an existing State program that provides property tax abatement for up to 15 consecutive years for large capital investment by qualified manufacturing facilities (must exceed $150 million).
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Through the Kiva Long Beach initiative, Long Beach entrepreneurs can access no-fee loans to start or grow their business, and residents can help local small businesses with loans as small as $25. With a dollar-for-dollar loan match provided by the Los Angeles Local Initiatives Corporation (
LA LISC
), Kiva Long Beach borrowers can accomplish their fundraising goal quickly.
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Meet our newest Kiva LB Borrower, Jason of Dutch's BrewHouse!
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Since opening in 2016, Dutch's BrewHouse has been helping customers create their own handcrafted beer, bottle it, label it, and drink it. Jason and his team are now ready to take things to the next level with new, more efficient, equipment. Be a part of a local business's expansion by lending as little as $25 today!
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The Long Beach Business Journal: Local Agency Provides Skills Training For Job Seekers: Pacific Gateway Connects Employers With Workers In Training
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Pacific Gateway
, the workforce development arm of the City of Long Beach, provides workplace-related skills training to local residents who are underemployed or in need of employment. The agency also works with area employers to find and train local talent based on industry needs.
What do such efforts look like during a time of historically low unemployment for the City of Long Beach, the State of California and the nation as a whole? According to Nick Schultz, executive director of Pacific Gateway, many skills training requests the organization receives – both from employers and prospective workers – are related to basic communication and language skills. However, programming is “a constantly evolving menu based on what our employer base is telling us they’re looking for,” he noted.
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The Press-Telegram: Virgin Orbit’s LauncherOne rocket paired with ‘Cosmic Girl’ 747 aircraft at Long Beach Airport
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Virgin Orbit, a division of Richard Branson’s Virgin Group, for the first time this week attached its LauncherOne rocket to a customized 747 airplane at Long Beach Airport — part of a plan to have a mobile launch site for small satellites going into space. Traditionally, rockets have lifted off from grounded launch pads. But the LauncherOne rocket will instead be carried aloft by a customized aircraft dubbed the Cosmic Girl. Once it’s operational, Virgin Orbit’s system will be the world’s first concierge launch service.
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Upcoming Events & Workshops
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RSVP for BEACH 2030 Happening November 14 and 15!
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BEACH 2030 is a unique opportunity for all Cal State Long Beach University stakeholders - students, faculty, staff, alumni, leadership, regional partners, and community members - to collectively come together and imagine future possibilities. The university is reinventing how the campus has traditionally executed strategic planning, and retooling to create a sustainable model for the campus.
This visioning process will be participatory, inclusive, transparent, and will seek to build the collective capacity for thinking about and shaping the shared future.
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Applications Now Open for the next Goldman Sachs 10,000 Small Businesses Cohort!
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Goldman Sachs 10,000 Small Businesses is a $500 million investment to help entrepreneurs create jobs and economic opportunity by providing them with greater access to education, financial capital and business support services. The program which is housed at Long Beach City College is accepting applications until December 15th.
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Join the SBDC For a Free Seminar on Starting A Small Business
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Have you always wanted to start your own business but didn’t know how or where to start? Join the Small Development Center (
SBDC
) for a seminar that will get you on the right path to starting a small business. Topics to be discussed include researching your business ideas, outlining your business plan, learning about start-up expenses and financing, legal aspects, and general management issues.
November 15 @ 6:00 pm - 8:30 pm
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