June 5, 2019 - MERCED – California State Treasurer Fiona Ma will hold a small business seminar on Monday, June 10, 2019 in Merced. Topics will include access to capital, 
marketing, forms of ownership, and retirement programs for small business employees.
"Small businesses are the backbone of our economy, which is why it’s important for me to travel the state and make sure they have the information needed to succeed," said Treasurer Ma.
"Many small business owners have a difficult time navigating the state’s complex websites. Our free workshop allows us to answer their questions and provide clarity and direction," she added.
Assemblymember Adam Gray, UC Merced, and the Greater Merced Chamber of Commerce are co-sponsors of the event.
"When our small businesses are strong, our economy is strong, and I thank Treasurer Ma for partnering with our community," said Assemblymember Gray. "Merced is undergoing an exciting period of revitalization and economic growth. My hope is that our business leaders leave the seminar with new financial insights and tools to better navigate the state’s complicated regulatory system."
The State Treasurer’s Office will have presenters at the outreach seminar from its Capital Access for Small Business (CalCAP) and California Secure Choice Retirement Savings Investment Board (CalSavers).
Representatives from UC Merced and the Greater Merced Chamber of Commerce will also be at the event.
CalCAP encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. CalCAP also operates a program that pledges cash support of up to 50 percent as collateral for loans.
CalSavers is a new program that launches July 1st and will grant Californians access to a workplace retirement savings program. It is a portable, low-fee, Individual Retirement Account (IRA) for private sector workers. There are no fees paid by employers and also no costs to taxpayers. The program is operated by a private sector financial services firm with public oversight and accountability provided by the governing board chaired by Treasurer Ma.
WHO: Treasurer Fiona Ma, Assemblymember Adam Gray, UC Merced, Greater Merced Chamber of Commerce
DATE: June 10, 2019
TIME: 9:30 a.m. –1:00 p.m.
LOCATION: UC Merced Downtown Campus Center 655 W. 18th Street Merced 95340
RSVP: Register online at http://bit.ly/MercedSBS2019 or by calling (916) 653-2995.
Source: CA. Treasures Office
