Sierra Wave Media

Eastern Sierra News for June 18, 2024

 

 

 

 

Please see the information below on the $35 million California Dream Fund Program. More details coming soon.

California Dream Fund

The $35 million California Dream Fund Program that will provide micro grants up to $10,000 to seed entrepreneurship and small business creation in California. Areas of focus will be child care, service and cottage food, green technology, retail and manufacturing. Full details coming soon with the grant anticipating to open next month.

California Dream Fund requirements

  • Participating entrepreneur must complete a defined business training, one on one consulting, and a workable business plan.
  • Participating entrepreneur “must have established a legal entity after July 1, 2019.
  • Participating entrepreneurs must meet the definition of a new business start.

Definition of a “new business start”

  • Has acquired “ALL” necessary permits to operate legally AND at least one of the following:
  1. Has made a first sale
  2. Has hired at least 1 employee
  3. Has created a business banking relationship
  4. Has incurred a business expense, may include accounting and legal expenses

California Dream Fund Training Components

  • Complete 8 modules of 11 allowable Small Business topics
  • Sessions are 60-90 minutes
  • Attendees can participate in person or via an online training or on demand portal
  • Training can be demographic, industry or language specific

California Dream Fund Training Classes/topics

  1. Entrepreneurial Mindset / feasibility
  2. Business Planning
  3. Business communication, writing and pitch
  4. Licensing, permitting
  5. Market analysis and planning
  6. Financials and projections
  7. Accessing capital and financial literacy
  8. Competitive analysis
  9. Financial management and accounting
  10. Digital marketing, advertising and public relations
  11. Establishing online marketplaces and payment systems

You can find out more through this video by our local Small Business Development Center in Bakersfield:  https://www.youtube.com/watch?v=KvWuf5Vl8_Y (Details at the 25 min mark)

For more information please contact the Governors Office of Economic Development at 1-877-345-4633 or https://business.ca.gov/