#NAWBO CALIFORNIA NEWS
President's Message
Dear NAWBO leaders, members, and friends,

It is my pleasure to officially welcome you as we kick off NAWBO California's 2021-2022 term. I am honored and privileged to serve as your NAWBO California President.

As leaders we stand on the shoulders of those before us. I would like to thank all of our past leaders for their service and to acknowledge all that Vikita Poindexter and the 2020-2021 board accomplished. I would also like to recognize those who are continuing their leadership on the NAWBO California board. A special thank you to Hilary Lentini who will continue in the Immediate Past President role, to our Treasurer, Jennifer Dizon, and to our Secretary, Lynnette Coverly. We welcome Schenae Rourk onto the executive committee as President Elect. I am truly honored to serve with these fantastic women.

I would like to thank our continuing board members and advisors: Laura Russell-Jones (Director of Corporate Partners), Megan Rios (Co-Director of Education), Shaila Rao Mistry (Business Policy Advisor), and Lori Kammerer (Legislative Advisor). It is my pleasure to welcome to the board Megan Herrity as Director of Membership. She has worked closely with Kathy Clark to create our popular state-wide membership mixers. We look forward to continuing all that Kathy has done during her NAWBO-CA tenure. And I welcome Colleen Meyer as the new Co-Director of education to assist Megan in creating new education and programming opportunities.

The NAWBO California board believes deeply in the work we do every day supporting women business owners. We will continue to celebrate the greatness of diversity and to welcome, celebrate, and support all of our women business owners across the state. I have had the opportunity to connect with many of you about national’s investigation and appreciate how you have reached out with questions and concerns. NAWBO-CA does not play a direct role in the investigation. Like you, we are awaiting the findings. We have shared the urgent need for transparency and a resolution. We will continue to be here for our members, chapter leaders, sponsors, and allies across California. NAWBO-CA's commitment to diversity, equity, and inclusion is more important than ever. 

The work that NAWBO does has never been more relevant. Women business owners are leading our companies and communities as California continues to navigate the evolving post-pandemic reality. I am eager to put one of NAWBO’s core values, servant leadership, to work. I want to collaborate with each chapter to learn what we can do to better support your leadership and members. I am excited to gather with our leaders for a strategic planning session to chart a shared vision for 2021-22.

We look forward to combining the best of the virtual and in-person experiences this year. Mark your calendars for our next virtual quarterly membership mixer September 16 from 4:00-5:30. And keep an eye out for information on Propel in the spring, when we hope to gather in person in Sacramento to meet with our elected leaders advocate for women in business. 

I look forward to creating a shared vision of success to empower and support women business owners across California. I can’t wait to see what we will accomplish together.

In sisterhood,

Amber Wallace
NAWBO-CA President
President & CEO, Dowitcher Designs
Past President, NAWBO Santa Barbara

UCLA Scholarship opportunity - apply by August 6

Union Bank is offering TWO scholarships to UCLA Anderson School's Management Development for Entrepreneurs Program. The program will provide business owners and executives with a road map and the tools to make the necessary pivots to survive and grow in a pandemic economy. The MDE curriculum covers vital topics in management. The program is an intensive learning experience comprising lectures, case discussions and applied workshops.
Qualifications
- Must be in business for 3 years
- Must have $500,000+ in revenue
- The business's Principal should attend
This is a 30+ hour virtual certificate program. Lecture sessions will be 2-3 hours on Friday and Saturday mornings (8:00 a.m.) throughout the fall. Program dates are Sept 17-Nov 13. Learn more here.

To apply, please complete this form by August 6, 2021
Interested in positioning yourself for Corporate Board opportunities?
 
 
This year, only 6.6% of board seats among California's public companies were held by women of color, who make up 32% of California’s population. Our mission is to change that. 
 
Founded in 2019 to increase gender and racial diversity on corporate boards, the NAWBO-CA Pathways program equips, educates, and positions high potential, diverse women business owners, executives, and leaders for corporate board leadership through mentorship and coaching. 
 
Learn more about the Pathways Program components, structure, costs, and application process on the NAWBO-CA program page. For questions, please reach out to the team at pathways@nawbo-ca.org
 
“As a participant of the mentorship program I have met wonderful board leaders who really have given us some very useful insight into the fundamental knowledge that we will be expected to have as a board member. I appreciate the network of resources that I have met because of this program.” 
 
Renee Young, Partner, Aslan Consulting, 2020 Program Mentee
NAWBO-CA Advocacy & Public Policy report
 
The Legislature adjourned for its summer recess on July 16 and will reconvene on Monday, August 16th. Staff and committee consultants will be in their offices to prepare amendments and committee analyses in advance of the flurry of activity that will occur during the remaining 30 days of session before they adjourn for the year on September 10th. The Governor has until October 10th to act on all bills landing on his desk.

NAWBO-CA supported bills remain alive and well and are moving to the second house. A status report on our tracked bills is here. Meanwhile, there are a series of Budget trailer bills that will augment the funding and budget language contained in the budget bill that the Governor signed last month.

Continue reading for more information on legislation, business news from the Governor's office, and more.
Please hold September 16, 2021 from 4:00 - 5:30 for the next statewide Member Mixer.

More information is coming in the August newsletter.
Starting a practice or purchasing commercial real estate? Check out these offers from Bank of America

2.99% for Practice Solutions Startup Loans

For clients starting a practice for the first time, BofA is offering practice startup loans with a choice of flexible payment plans to provide more time to get up and running. This all-inclusive financing covers everything from office design and equipment installation to training, supplies and working capital. Other advantages include fixed rates and flexible terms
and interest-only options.

Currently, BofA is offering eligible clients a competitive, limited-time rate offer of 2.99% for startup loan applications submitted through September 30, 2021 and booked by January 31, 2022. This rate offer is for the life of the loan on qualifying approved Practice Solutions secured term start-up loans only.

 Owner Occupied Commercial Real Estate offering
  • Appraisal Fee for Conventional and SBA Commercial Real Estate Secured Loans. Fee Waived
  • Loan Origination Fee for Conventional Secured Loans Fee Waived
  • Bridge Fee on SBA 504 Bridge Loans and Bank Portion Fee of the Permanent SBA 504 term loans Waived.
  • Bank Packaging Fee on SBA 7A and SBA Express Loans Waived
  • 1.99% for the first six months and then a competitive rate through maturity.
  • Offer Expires September 30, 2021 and close

Interested? Contact Henry On at henry.on@bofa.com
Applications are open for Morgan Stanley's Multicultural Innovation Lab

Morgan Stanley’s Multicultural Innovation Lab is an in-house accelerator for technology and tech-enabled startups across industries that are led by women and multicultural entrepreneurs. The Lab combines a $250,000 cash contribution with a 5-month curated program and mentorship with access to diverse networks. Learn more and apply by September 16.
On July 20th, NAWBO Silicon Valley held its 4th Crystal Chair Awards to celebrate and honor women business owners. A huge congratulations to the award winners:

Crystal Chair - Lifetime Achievement Award - Celeste Ford of Stellar Solutions
Businesswoman of Distinction - Robin Fisher of Bright Bird Creative
Woman Business Advocate of the Year - Mimi Hernandez of Prosperity Lab
Los Angeles :: Rise & Shine Los Angeles | Virtual | August 5

Los Angeles and USC :: Level Up & Certify | Virtual | Weekly August 13 - September 17

Silicon Valley :: Connect & Network | In person | August 17

Santa Barbara :: Wine & Chocolate | In person | August 18

Inland Empire ::: Publish with a Purpose | Virtual | August 19