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 April 9,  2015 
 
 
 
 

Chamber News
Seattle Minimum Wage Ordinance FAQ 
PLUS
April 14 City Presentation on Minimum Wage Requirements


The Seattle Office of Labor Standards (OLS), a new division within the Seattle Office for Civil Rights (SOCR), has released the final Administrative Rules for the City of Seattle's new Minimum Wage Ordinance. OLS has also posted a workplace poster and an expanded Frequently Asked Questions (FAQ). The Rules, Poster and FAQs are available to view and download at  seattle.gov/minimumwageThe Minimum Wage Ordinance goes into effect on April 1, 2015.


 

Plan to attend a presentation and panel discussion on Tuesday, April 14, 7:30-9:30 am at the Bertha Landes Room in Seattle City Hall. The presentation will include an overview of the Minimum Wage and Administrative Wage Theft Ordinances by Karina Bull, Interim Director for the Seattle Office of Labor Standards, along with a panel of speakers featuring Evelyn Mendoza, Human Resources Director at Uwajimaya; Molly Moon Neitzel, Owner and CEO of Molly Moon's Homemade Ice Cream; and Nicole Vallestero Keenan, Policy Director of Puget Sound Sage.
 

SLU Chamber of Commerce is HIRING

The search for an Executive Director to lead the SLU Chamber in the one of the fastest growing neighborhoods in the United States is on. Find out more here.
Chamber Events
TODAY: Capitol Hill Art Walk!

Tuesday, April 9
5:00  - 8:00 PM
Various Venues

Get this month's listing of participating venues here!


Tuesday, May 5
9:00  - 10:00 AM
12th Ave. Arts Building
1620 12th Ave.
2nd Floor, Pike/Pine Room


Join Michael for our popular monthly coffee chat held every first Tuesday at 9:00 AM. Find out the latest news and meet fellow members  at our new building. RSVP here for next month.

SAVE THE DATES....Other Upcoming Chamber Events

June 2 Chamber Coffee Chat 9 - 10 AM
July 7 Chamber Coffee Chat 9 - 10 AM

Member Events
Help the EcoDistrict Celebrate Earth Day!

Wednesday, April 22
10:00 AM - 2:30 PM
Seattle Central College

Celebrate Earth Day at Seattle Central College on April 22nd! If you're a local business interested in celebrating with us (offering discounts/coupons, etc.), get in touch with Arielle at alawson@capitolhillhousing.org

Events from our Members!

TODAY April 9  [Art Walk] Capitol Hill Art Invasion

TODAY April 9 - May 31 [Art Walk] Cloud Gallery: Brett Douglas Davis: Tear Jerk







Get your event listed here! Members sign-in to the Chamber website and Add an Event. It will show on our homepage in the Upcoming Events scroll and get placed in our monthly newsletter.

Member News
SBA

Achieve Smart, Bold and Accessible Small Business Gains with the SBA 

by Guest Columnist Calvin Goings

Regional Administrator, 

Small Business Administration
 

Government may be historically slow to adapt, but adapt we must. We've rebranded the U.S. Small Business Administration (SBA) to stand for "Smart, Bold and Accessible."  The private sector implemented smart systems years ago. Now it's our turn to catch up; America's 28 million small businesses and many more potential entrepreneurs are counting on us.

 

We are working smarter and harnessing the power of technology to bring the SBA fully into the 21st century. On the debt financing side, we've implemented LINC, an online SBA platform connecting lenders with small businesses and entrepreneurs. We've established a predictive credit scoring method for our underwriters. And soon we'll fully automate our loan application process under a program called SBA One.  

 

America's bankers have responded very positively to what we're doing. Hundreds of new lenders have started issuing SBA-backed loans.  SBA lending is up to the underserved:  36 percent to African Americans, 20 percent to Hispanic Americans, 12 percent to Native Americans, 9 percent to Asian Americans and 23 percent up to women entrepreneurs.

 

The "B" in SBA stands for "bold." That means we're redoubling our efforts to fill gaps in the capital markets.  We've called on Congress to raise the SBIC family funds limit and we'll continue to go to Capitol Hill and make the case that the leverage available to licensees under common control should be $350 million - not $225 million currently. That's what being bold is about: pushing back on laws and limits that are outdated and impede progress.  Additionally, we're helping small businesses reach global markets through SBA's suite of export services. In FY 2014, SBA guaranteed loans to exporters for a total loan value of $1.34 billion, an increase of 12.6% year-over-year.

 

Finally, the "A" in SBA stands for "accessible."  We're actively seeking diverse fund managers committed to making investments where capital gaps are widest.  One of the ways we're working toward this is through our Impact Investment Fund.  Impact SBICs deliver financial and social returns, such as improving the health of our planet and its people.

 

We've tripled the number of Impact SBICs. They're putting a magnifying glass on the areas where gaps in capital formation are widest. Last year, our SBIC investments in women-owned businesses went from $38 million to $173 million.  That's nearly a 500 percent jump. 

 

As I travel across Region 10, I witness that America's small businesses are eager to take the next big step. Let the SBA help you achieve your goals.  Visit our website at sba.gov to see what resources are available to you.  Together, we'll help you embrace smart, bold and accessible ways of doing business.   


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