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By Kim Anthony
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August 18, 2026
The third-generation, Black-owned business has turned a family recipe into a West Coast enterprise—while remaining rooted in the community that helped it grow. By Urban Business Journal Staff For 70 years, the ovens at 27th Street Bakery have produced more than sweet potato pies. They have helped sustain a family legacy, create neighborhood jobs and preserve an important piece of Black business history in South Los Angeles. Located at 2700 South Central Avenue, the third-generation, Black-owned bakery is celebrating seven decades in business—a milestone few small businesses ever reach. Best known for its homemade sweet potato and pecan pies, 27th Street Bakery has grown from a neighborhood favorite into what the company describes as the largest manufacturer of sweet potato pies on the West Coast. From Southern Roots to a Los Angeles Landmark The business began during the 1930s when Harry and Sadie Patterson opened a restaurant along Central Avenue, then the cultural and commercial heart of Black Los Angeles. The Pattersons brought Southern recipes and traditions with them, creating food that offered Los Angeles’ growing Black community a familiar taste of home. In 1956, the family converted the restaurant into a specialty bakery producing sweet potato pies, fruit pies, cakes and other desserts. That transformation established the business now known as 27th Street Bakery. The next generation assumed leadership in 1980, when the founders’ daughter, Alberta Cravin, and grandson, Gregory Spann, took over the operation. Today, the bakery is led by sisters Denise Cravin-Paschal and Olympic gold medalist Jeanette Bolden-Pickens, along with Bolden-Pickens’ husband, Al Pickens. Five additional family members are reportedly involved in the business, continuing a tradition of shared ownership and responsibility. More Than a Bakery The bakery’s longevity is especially significant because of where it stands. Central Avenue was once home to a thriving collection of Black-owned hotels, nightclubs, restaurants and professional offices. As Los Angeles changed and families dispersed into other neighborhoods, many of those businesses disappeared. 27th Street Bakery remained. Its presence represents both economic endurance and cultural preservation. Across several generations, the company has provided employment, stability and a trusted gathering place for neighborhood residents. The bakery has also learned how to grow without abandoning its roots. Customers can still walk into the Central Avenue storefront and purchase fresh pastries, but the company now accepts online orders, offers nationwide shipping through Goldbelly and provides local delivery through services including DoorDash, Uber Eats and Postmates. The company was also selected as an approved supplier for the Super Bowl LVI Business Connect program—an initiative that identified qualified, diverse Los Angeles-area companies to compete for contracting opportunities connected to the event. That combination of tradition, distribution and supplier readiness offers a valuable lesson for other community-based businesses: longevity often depends on preserving what customers love while continually developing new ways to reach them. Seventy Years—and Still Growing In recognition of the anniversary, 27th Street Bakery is offering slices of sweet potato pie for 70 cents on select Saturdays through October 31, according to reporting from LA Local. The promotion is more than an anniversary special. It is an invitation for Los Angeles residents to support a business that has supported its community for generations. At a time when many independent restaurants and neighborhood businesses are struggling with rising costs, changing consumer habits and increased competition, reaching the 70-year mark is an extraordinary achievement. It demonstrates the power of family succession, a trusted product, community loyalty and the willingness to adapt. The Business Lesson The story of 27th Street Bakery offers several practical lessons for entrepreneurs hoping to build companies that last: Build around a signature product. The bakery became widely recognized for one distinctive offering—its homemade sweet potato pie. Protect the brand’s story. Its history and family recipe are not simply sentimental details; they are competitive advantages that distinguish the company from mass-market producers. Prepare the next generation. Leadership has successfully transferred through three generations, allowing the company to preserve family ownership. Expand how customers can buy. Nationwide shipping, online ordering and delivery platforms have taken the bakery beyond the geographic limitations of its storefront. Pursue supplier opportunities. Certification and participation in procurement programs can expose established small businesses to larger contracts and new institutional customers. Remain connected to the community. The company’s enduring relationship with South Los Angeles has created a level of loyalty that advertising alone cannot purchase. For entrepreneurs throughout Los Angeles, the Inland Empire and beyond, 27th Street Bakery is proof that a neighborhood business can preserve its identity, expand its reach and build an enterprise capable of outliving its founders. Seventy years later, the family is still baking—and Los Angeles is still showing up for another slice. Support This Legacy Business 27th Street Bakery 2700 S. Central Avenue Los Angeles, CA 90011 Tuesday–Saturday, 8 a.m.–4 p.m. 323-233-3469 Order or learn more at 27thStreetBakery.com This story was inspired by the CBS Los Angeles report celebrating the bakery’s 70th anniversary . Additional historical information was verified through the 27th Street Bakery , the Los Angeles Conservancy and LA Local .
By Kim Anthony
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August 18, 2026
Inland Empire companies planning to hire, expand or invest may qualify for tax credits, financing assistance and no-cost guidance from the state. California business owners do not have to navigate growth, permitting, financing and state regulations alone. The Governor’s Office of Business and Economic Development, commonly known as GO-Biz, continues to provide no-cost assistance to companies seeking to start, remain or expand in California. Services include help identifying business incentives, selecting sites, navigating permits, resolving regulatory challenges, accessing international markets and working with state agencies. One of the most immediate opportunities is the California Competes Tax Credit, a competitive income tax credit for businesses that want to locate, remain or grow in the state. GO-Biz is accepting applications for the first 2026–27 funding period through August 10, 2026. Businesses of any size, industry or California location may compete for more than $180 million in available tax credits. Applications are evaluated using factors that include the number of full-time jobs created, the amount of investment proposed and the project’s importance to the state or regional economy. GO-Biz is also offering an application webinar on July 30 from 3 to 4 p.m. Pacific. A recorded webinar, application guide and frequently asked questions are available for businesses that cannot attend. Why This Matters for Inland Empire Businesses The program could be particularly relevant to Inland Empire companies preparing to open another location, increase hiring, purchase equipment, expand manufacturing or make other significant investments. The tax credit is competitive and not every applicant will receive an award. However, smaller businesses should not assume the program is reserved only for large corporations. Eligibility is open to businesses of all sizes, and the economic importance of a project to its region is among the factors considered. For business owners who are not ready to pursue the California Competes Tax Credit, GO-Biz provides access to several other forms of assistance. Its business incentives resources include information about research and development tax credits, funding for employee training, manufacturing-related sales and use tax exemptions, zero-emission vehicle infrastructure incentives and utility discounts for qualifying high-energy businesses. GO-Biz consultants also provide confidential, no-cost assistance to help companies identify relevant tax credits, grants and financing programs. Businesses struggling with licenses, certifications or regulatory requirements can also request assistance. GO-Biz helps companies understand local, state and federal registration processes and identify the permits they may need to start, maintain, relocate or expand their operations. California’s network of Small Business Support Centers provides another entry point. Through the California Office of the Small Business Advocate, entrepreneurs can access no-cost one-on-one consulting and no-cost or low-cost training on business planning, financing, marketing, e-commerce, resiliency and growth. The Orange County Inland Empire Small Business Development Center Network serves entrepreneurs in Riverside and San Bernardino counties. Companies interested in international markets may also explore the California State Trade Expansion Program. Its Export Voucher can reimburse eligible small businesses for up to 75% of pre-approved export promotion expenses, with reimbursement capped at $10,000 per federal fiscal year. Eligible activities may include trade shows, international marketing materials, export-related services and website globalization. What Business Owners Should Do Now Business owners considering the California Competes Tax Credit should begin by documenting their proposed investment, projected hiring, expansion timeline and expected economic impact. They should also: Review the eligibility requirements and application guide. Attend or watch the California Competes webinar. Gather financial, employment and project information before beginning the application. Contact GO-Biz for no-cost guidance. Speak with a local Small Business Development Center advisor for additional assistance. The larger opportunity is not limited to one tax credit. GO-Biz operates as a gateway to state programs that many entrepreneurs may not know exist. For Inland Empire businesses preparing to grow, the first step may be as simple as asking what assistance is available before making the next major investment.
By Kim Anthony
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August 18, 2026
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By UBJ Staff
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August 17, 2026
For Inland Empire small business owners, a bank denial can feel like the end of the road—especially when customers are waiting, contracts are available and growth opportunities require immediate capital. A business may be too new to meet traditional lending requirements. Revenue may fluctuate throughout the year. The owner’s credit profile may not fit a bank’s underwriting standards, or the application process may take longer than the opportunity allows. But a bank’s “no” does not necessarily mean the business cannot move forward. A business may be too new to meet traditional lending requirements. Revenue may fluctuate throughout the year. The owner’s credit profile may not fit a bank’s underwriting standards, or the application process may take longer than the opportunity allows. But a bank’s “no” does not necessarily mean the business cannot move forward. Alternative financing can provide entrepreneurs with access to capital based on invoices, purchase orders, sales revenue or other business activity. These funding tools may help a company stabilize cash flow, fulfill a contract, purchase inventory or respond to an opportunity that cannot wait several months for approval. They can also be more expensive than traditional loans. Business owners should carefully review the fees, repayment terms and potential risks before signing an agreement. Here are three alternative financing options Inland Empire businesses should understand. 1. Factoring: Turning Unpaid Invoices Into Working Capital Factoring, also known as accounts receivable financing, allows a business to receive cash from an invoice before the customer pays it. How it works: A business completes a job or delivers goods and sends an invoice to its customer. A factoring company purchases the invoice and advances a percentage of its value, sometimes within 24 to 48 hours. When the customer pays the invoice, the factoring company releases the remaining balance to the business after deducting its fees. Why businesses consider factoring Factoring can: Provide faster access to working capital Base approval largely on the customer’s ability to pay Help cover payroll, supplies and operating expenses Reduce the wait between completing a job and receiving payment Provide funding without taking out a traditional long-term loan Factoring may be particularly useful for contractors, staffing firms, transportation companies, manufacturers, consultants and service providers that regularly invoice established customers. Before entering an agreement, business owners should determine whether the factoring arrangement includes recourse, meaning the business may remain responsible if the customer does not pay. 2. Purchase Order Financing: Funding the Order Before It Is Filled Purchase order financing is designed for businesses that receive a confirmed customer order but do not have enough cash to purchase the inventory or materials needed to fulfill it. How it works: A customer submits a legitimate purchase order. The financing company then pays the business’s supplier directly for the products, materials or inventory needed to complete the order. After the goods are delivered and the customer pays, the financing company deducts its fees and releases the remaining proceeds to the business. Why businesses consider PO financing Purchase order financing can: Help a company accept larger orders Provide capital without requiring the owner to pay suppliers upfront Support businesses that do not qualify for conventional financing Prevent a business from turning down a valuable contract Help a growing company build relationships with larger customers This option may work well for wholesalers, distributors, importers, manufacturers and other product-based companies. Business owners should confirm that the profit margin on the order is large enough to cover financing costs and still produce a worthwhile return. 3. Revenue-Based Financing: Repayment That Follows Sales Revenue-based financing provides a business with upfront capital in exchange for a percentage of future revenue until an agreed-upon repayment amount is reached. How it works: The financing company advances the funds. The business then repays a percentage of its weekly or monthly revenue. When sales decline, the payment may decrease. When sales increase, the business generally repays more. Unlike an equity investor, the financing company does not typically receive ownership in the business. Why businesses consider revenue-based financing. This option can: Provide capital based primarily on sales performance Adjust payments as revenue rises or falls Allow owners to retain control of their companies Offer an alternative for businesses with consistent deposits but limited credit history Provide funding more quickly than some traditional loan programs Revenue-based financing may appeal to restaurants, retailers, salons, wellness companies, e-commerce businesses, subscription services and other companies with consistent sales. However, convenience can come at a significant cost. Owners should calculate the total repayment amount—not just the weekly or monthly payment—and determine how the withdrawals may affect daily cash flow. Alternative Financing Can Be a Strategy—Not Just a Last Resort Alternative financing is sometimes viewed as funding for businesses that cannot qualify for anything else. In practice, it can also be a strategic tool when timing, flexibility or the structure of a transaction matters more than obtaining the lowest possible interest rate. For minority-owned, women-owned, veteran-owned and family-owned businesses that have historically faced barriers to capital, these options may help close the gap between having an opportunity and being financially positioned to pursue it. Used responsibly, alternative financing may help a business: Improve short-term cash flow Fulfill larger contracts Purchase inventory or materials Respond to time-sensitive opportunities Build a stronger operating history Reduce dependence on slow approval processes The goal should not simply be to obtain money. The goal should be to secure the right capital, at the right cost, for a clearly defined business purpose. Questions to Ask Before Accepting Alternative Financing Before signing an agreement, business owners should ask: What is the total amount I will repay? What fees will be charged? How often will payments be withdrawn? Is a personal guarantee required? What happens if my customer pays late? Can the financing company place a lien on my business assets? Is there a penalty for early repayment? Will the financing improve or strain my cash flow? Is the expected profit from the opportunity greater than the cost of the financing? Owners should also consider reviewing the agreement with an attorney, accountant or trusted business adviser. When the Bank Says “No,” Explore the Full Capital Landscape A traditional bank loan remains one of the most affordable funding options for many businesses, but it is not the only option. Entrepreneurs may also explore Community Development Financial Institutions, credit unions, SBA-backed lenders, microloan programs, local revolving loan funds, grants and business-development organizations before selecting a higher-cost financing product. For Inland Empire businesses facing an immediate cash-flow challenge or a time-sensitive opportunity, factoring, purchase order financing and revenue-based financing may provide a path forward. The key is to understand the numbers, compare multiple offers and choose financing that strengthens the business rather than creating a new financial burden. The BBOP Center assists Inland Empire entrepreneurs with understanding capital options, preparing for funding and identifying financial strategies that support sustainable growth.
By Kim Anthony
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July 16, 2026
The Orange County Inland Empire Small Business Development Center (OCIE SBDC) Network has partnered with the Riverside County Office of Economic Development to help entrepreneurs launch new businesses and assist existing small businesses that continue to recover from the economic impacts of the pandemic. Through the Riverside County Small Business Thrive Program, eligible applicants may qualify for grant awards of $1,500, $2,500, or $5,000 to start or grow their businesses. Funded through the American Rescue Plan Act (ARPA) Economic Recovery Program, the Thrive Program provides both financial assistance and business support to help entrepreneurs build stronger, more sustainable businesses. What's Required? To be eligible for a grant, qualifying applicants must: Meet all program eligibility requirements Complete an approved small business training program Participate in one-on-one business consulting through the OCIE SBDC Attend a Financial Literacy webinar presented by AmPac Business Capital The OCIE SBDC provides the required training, advising, and consulting to help businesses successfully complete the application process. Grant award decisions are made by Riverside County—not the OCIE SBDC. Business Training at No Cost Whether you're launching your first business, strengthening your existing company, or preparing for your next stage of growth, the OCIE SBDC provides no-cost expert advising, practical training, and personalized one-on-one support to help you build a stronger, more successful business. Training topics include: Business planning Marketing and sales Financial management Human resources Licensing and permits Business growth strategies, and more Participants also receive hands-on support in taking a business from concept to customer, including opportunities to validate products through e-commerce, local marketplaces, and retail channels. All programs are led by experienced OCIE SBDC business advisors and industry experts. Ready to Thrive? Explore upcoming workshops, connect with the OCIE SBDC intake team, and learn how the Riverside County Small Business Thrive Program can help you start or grow your business. Learn more and register today here: https://ociesmallbusiness.org/riverside-county-thrive
By Kim Anthony
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July 16, 2026
(INLAND EMPIRE) For many small businesses, the next big opportunity isn't opening another storefront. It's setting up a tent. Across Southern California, pop-up markets, artisan fairs, food festivals, maker markets, and community events are becoming powerful platforms for entrepreneurs to introduce their products, build loyal followings, and grow their brands. From the Ontario Night Market to the Riverside Artswalk , these events are attracting thousands of visitors eager to discover local businesses, handcrafted products, specialty foods, and unique shopping experiences. For entrepreneurs, that's more than a busy weekend. It's a marketing strategy. Building Relationships Before Building a Store For years, launching a retail business often meant signing a long-term lease and investing thousands of dollars before meeting the first customer. Today's entrepreneurs are taking a different path. Pop-up events allow business owners to test products, gather customer feedback, refine pricing, and build brand awareness—often with far less risk than opening a permanent location. Many successful businesses began with a folding table, a canopy, and a willingness to introduce themselves to the community. More Than Making Sales Experienced vendors say the greatest value of a pop-up isn't always what happens at the cash register. It's what happens after the event. Every conversation becomes an opportunity to gain a social media follower, collect an email address, receive customer feedback, or create a repeat customer. For many entrepreneurs, the goal isn't simply selling a candle, T-shirt, pastry, or handcrafted gift. It's creating a customer who returns again and again. Creating Experiences Customers Remember Consumers today are increasingly looking for experiences, not just transactions. That's one reason community markets continue to grow in popularity. Visitors enjoy meeting the people behind the products, hearing the stories that inspired a business, watching demonstrations, tasting samples, and supporting local entrepreneurs. That personal connection is something online retailers often struggle to replicate. A Launchpad for New Businesses Pop-up events have also become an important entry point for first-time entrepreneurs. Many businesses begin by selling at farmers markets, neighborhood festivals, or arts events before eventually opening retail locations, expanding into wholesale, or launching e-commerce stores. For entrepreneurs by necessity, the model offers an affordable way to start building revenue while learning what customers truly want. Why It Matters The Inland Empire is home to thousands of talented makers, artisans, food entrepreneurs, designers, and small business owners. Community markets give those entrepreneurs visibility they might never achieve through advertising alone. As cities continue investing in placemaking and community events, pop-up markets are becoming more than weekend attractions. They're becoming business incubators. Make the Most of Your Next Pop-Up Event Before your next market or festival: Create a simple QR code that links to your website or newsletter. Collect customer email addresses for future promotions. Offer samples or product demonstrations when appropriate. Display your social media handles prominently. Tell the story behind your business—not just what you sell. Take photos and videos throughout the event for future marketing. Invite customers to visit your online store after the event. Local Events to Explore Entrepreneurs looking to increase visibility may want to explore opportunities through: Ontario Night Market Riverside Artswalk Local farmers markets throughout Riverside and San Bernardino counties Community festivals and seasonal maker fairs Chambers of Commerce and downtown association events UBJ Opportunity Take The most successful entrepreneurs don't wait for customers to find them—they go where customers are already gathering. Pop-up markets offer more than a place to sell products. They provide an opportunity to tell your story, test new ideas, build lasting relationships, and turn first-time shoppers into lifelong customers. In today's marketplace, a single weekend event can spark the beginning of a thriving business.
By Kim Anthony
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July 16, 2026
(ONTARIO, CA) For years, the Toyota Arena has been one of the Inland Empire's premier destinations for concerts, hockey, and major events. Soon, it may become the centerpiece of something much bigger. Just east of the arena, one of the region's most ambitious mixed-use projects—one designed to transform surface parking lots into a vibrant district where people can live, work, dine, and gather year-round is underway. For entrepreneurs and small business owners, the project represents more than new construction. It represents new customers. A New Downtown Experience The development envisions a walkable, mixed-use neighborhood adjacent to Toyota Arena featuring residential housing, restaurants, retail, public gathering spaces, and entertainment. At full build-out, Adept's long-range vision includes up to 2,000 residential units, approximately 130,000 square feet of retail and dining, and 75,000 square feet of public open space. The City of Ontario is planning complementary investments around the project, including an entertainment district envisioned with restaurants, live entertainment venues, a performing arts center, hotel accommodations, and additional public amenities. Together, the public and private investments could reshape the area into one of Southern California's most active entertainment destinations. More Than Apartments While new housing often captures headlines, mixed-use developments create something equally valuable: economic ecosystems. Residents need coffee shops, fitness studios, childcare providers, accountants, salons, pet services, restaurants, insurance agents, financial advisors, medical offices, and countless other neighborhood businesses. Every new apartment creates demand for local entrepreneurs. Every event at Toyota Arena becomes another opportunity for businesses to attract visitors before and after concerts, hockey games, and community events. Creating a Place to Gather A centerpiece of the vision is the proposed Ontario Arena Plaza, a two-acre public gathering space between Toyota Arena and the Adept development. Plans call for landscaped public spaces, water features, outdoor gathering areas, and restaurant concepts designed to encourage visitors to linger rather than simply arrive for an event and leave afterward. City planning documents describe the plaza as the "living room" of the future entertainment district—an economic catalyst connecting arena visitors with surrounding restaurants, retailers, and businesses. Why It Matters for Small Business Large developments often generate headlines because of their construction budgets. The bigger story is what happens after the ribbon cutting. Restaurants need local suppliers. Retailers need accountants and marketing firms. Property managers hire landscapers, maintenance companies, security firms, cleaning services, and technology providers. Professional service firms gain new clients. Independent retailers gain new foot traffic. Entrepreneurs gain access to a growing customer base. For Inland Empire business owners, developments like this can create years of opportunity—not just during construction, but long after the last building opens. A New Chapter for Ontario Ontario has spent the past decade establishing itself as a logistics, convention, and aviation powerhouse. Now it's adding another dimension: destination placemaking. The city's broader Arena District plan includes approximately 700 residential units, commercial space, public plazas, restaurants, entertainment venues, and future phases featuring a performing arts theater, hotel, and additional mixed-use development. Construction on the initial phase began in 2025. As the project succeeds, the district won't simply bring more visitors to Ontario. It could create one of the Inland Empire's strongest environments for entrepreneurs looking to open, expand, or relocate their businesses. Photo Credit: Ontario Ranch Life
By Kim Anthony
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July 15, 2026
Artificial intelligence is no longer just for Silicon Valley. It's helping Inland Empire entrepreneurs write marketing campaigns, create social media content, answer customer emails, build business plans, design presentations, and save hours of administrative work every week. And local business advisors are making sure small businesses don't get left behind. The Orange County Inland Empire Small Business Development Center (OCIE SBDC) has begun integrating artificial intelligence into its training, workshops, and one-on-one advising, introducing entrepreneurs to practical tools like ChatGPT, Microsoft Copilot, Canva AI, and other business automation platforms. The goal isn't to replace people—it's to help entrepreneurs spend less time on repetitive tasks and more time growing their businesses. For many small business owners, time is their most limited resource. A restaurant owner may spend hours writing social media posts. A consultant may struggle to create proposals. A nonprofit leader may spend an entire day drafting a grant application. AI-powered tools can help produce a strong first draft in minutes, giving business owners more time to focus on serving customers and generating revenue. Across the Inland Empire, entrepreneurs are already putting AI to work in practical ways: Drafting marketing emails and newsletters Creating social media graphics and videos Writing product descriptions for online stores Summarizing meeting notes Developing business plans and pitch decks Conducting market research Responding to customer inquiries Translating content into multiple languages For many microbusinesses with one or two employees, AI functions like an extra member of the team—helping owners accomplish work that previously required hiring outside specialists. That can be especially meaningful for startups and entrepreneurs by necessity, where every dollar and every hour matter. Opportunity Through Technology While headlines often focus on whether artificial intelligence will replace jobs, local business advisors see another story unfolding. For small businesses, AI is becoming an equalizer. It allows entrepreneurs to produce professional-quality marketing, organize information more efficiently, improve customer service, and make data-informed decisions without needing a large staff or expensive software. Like the arrival of email, websites, or social media, AI represents another shift in how business gets done. Those who learn to use it thoughtfully may find themselves better equipped to compete in an increasingly digital economy. For the Inland Empire's small businesses, the question is no longer whether artificial intelligence is coming. It's already here. The opportunity is learning how to use it wisely.
By Kim Anthony
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July 15, 2026
When most people think about starting a business, they don't imagine mealworms. But for Dr. Gina Oliver and Richard Hutchison , two Inland Empire innovators from Yucaipa, that unlikely idea became the foundation for a company with the potential to transform food production, sustainability, and economic opportunity. The founders of From the Land set out to solve two growing challenges: food insecurity and the high cost of traditional agriculture. Their solution is a compact, energy-efficient micro-farming system that allows families and entrepreneurs to produce food—and potentially generate income—from small spaces. Their journey accelerated after participating in California's small business support ecosystem. They received business guidance, technical assistance, and a $10,000 California Dream Fund grant, which helped them refine their business model and build a working prototype. They later secured a $100,000 Phase I Small Business Innovation Research (SBIR) grant, allowing them to continue developing their technology. Their farming system is designed to operate off the electrical grid using proprietary technology that combines solar power, environmental monitoring, and sustainable growing methods. One early demonstration focused on raising mealworms, creating multiple revenue streams through fertilizer, reptile feed, and other agricultural products. The founders envision adapting the same technology for vegetables, herbs, poultry, and other small-scale farming applications. Since then, the company has continued to grow. Through programs at the University of California, Riverside, the founders refined their concept, won the SoCal OASIS Pitch Challenge , joined the EPIC startup program, and secured additional funding—including a $250,000 Catalyst Fund grant —to expand their "Littlest Big Farm" concept. For Inland Empire communities where access to healthy food and economic opportunity can be limited, the company's vision extends beyond farming. Their goal is to create neighborhood-scale micro-farms that help residents grow food, lower costs, and build small businesses from their own properties. Opportunity doesn't always arrive in the form of a large employer moving into town. Sometimes it begins with an entrepreneur who sees a problem differently. From the Land demonstrates how technical assistance, mentoring, and strategic funding can help transform an innovative idea into a business with the potential to create jobs, strengthen local food systems, and expand economic mobility throughout the Inland Empire. Thinking about starting or growing a business? The Inland Empire Small Business Development Center (SBDC) provides no-cost one-on-one business advising , workshops, and guidance on financing, marketing, government contracting, and business growth for entrepreneurs throughout Riverside and San Bernardino counties.
By Kim Anthony
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July 15, 2026
The 21st Century ROAD to Housing Act, signed into law on July 11, 2026, represents one of the most comprehensive federal housing policy packages enacted in decades—and could create significant opportunities for Inland Empire communities, developers, small businesses and residents seeking greater economic mobility. According to an analysis by the Bipartisan Policy Center, the final legislation brings together provisions from more than 60 previously introduced bills, including 36 measures with bipartisan sponsorship. The package addresses nearly every part of the housing system, from development approvals and affordable housing financing to manufactured housing, homeownership, community banking and neighborhood revitalization. After months of negotiations, the Senate approved the legislation by an 85–5 vote on June 22, followed by a 358–32 vote in the House on June 23. What’s in the Final Deal? The final law combines major elements of earlier House and Senate housing proposals while preserving several negotiated compromises. Among the most notable provisions, the law: Raises the cap on the Rental Assistance Demonstration program by 100,000 units. Authorizes the Community Development Block Grant Disaster Recovery program for three years. Creates a new Moving to Work program cohort focused on economic opportunity and pathways to independence. Retains nine community banking provisions initially included in the House legislation. Restricts certain large institutional investors from purchasing additional single-family homes while maintaining an exception for properties constructed or acquired specifically for rental use. Establishes a HUD renter-outreach resource for tenants living in properties owned by institutional investors. For the Inland Empire , however, some of the law’s most consequential provisions are those designed to accelerate housing construction, unlock underused property and expand access to capital. More Resources for Cities That Build Housing The law establishes a $200 million annual Innovation Fund for local governments and tribal communities that demonstrate measurable increases in housing production. Communities could qualify by adopting policies such as streamlined permitting, density bonuses, zoning reforms and faster development approvals. The program is authorized for seven years. For Inland Empire cities confronting rapid population growth and housing affordability challenges, the fund could provide additional resources to modernize permitting systems, increase planning capacity and move housing projects through the approval process more efficiently. That could also create opportunities for local planning firms, architects, engineers, environmental consultants, technology providers and businesses that help cities improve development processes. New Support for Planning and Infrastructure The legislation creates a competitive HUD grant program to help cities, counties, tribal governments and regional planning agencies undertake housing-related planning and community development. Eligible activities include updating regulatory processes, increasing inspection capacity and coordinating housing development with transportation planning. This provision may be especially important for the Inland Empire , where housing growth must be coordinated with transportation, employment centers, schools, utilities and other infrastructure. It could help communities better connect new housing to major job corridors, transit systems and commercial districts—while generating contracting opportunities for local consultants, construction professionals and professional-service firms. Converting Vacant Buildings Into Housing The law also creates the Revitalizing Empty Structures Into Desirable Environments Act, or RESIDE Act, pilot program. The program will help local governments convert vacant commercial and industrial buildings into affordable housing, with priority given to economically distressed communities and Opportunity Zones. Across the Inland Empire, this could support the redevelopment of underused office buildings, aging shopping centers, vacant retail properties and obsolete commercial spaces. Adaptive-reuse projects can create opportunities for: General contractors and subcontractors Architects and engineers Environmental and remediation firms Interior designers Property managers Building-material suppliers Landscapers and maintenance providers Neighborhood-serving retailers and restaurants Transforming vacant buildings can also place new residents closer to existing businesses, helping restore foot traffic and consumer spending in older commercial corridors. More Affordable Housing Financing The law makes affordable housing construction an eligible use of Community Development Block Grant funding. It also increases the amount banks may invest in affordable housing and community development projects through public-welfare investments—from 15% to 20% of their capital and surplus. These changes could expand the financing available for affordable and mixed-income developments, particularly when federal resources are combined with state, county, city and private investment. For the Inland Empire development community , this could make it easier to assemble complex financing packages and move projects that might otherwise remain financially infeasible. It may also strengthen opportunities for community development financial institutions, minority depository institutions, mission-oriented lenders and nonprofit housing organizations. Faster Environmental Reviews Several sections of the law are intended to reduce duplication and delay in federal environmental reviews. The legislation expands categorical exclusions for certain federally supported housing activities, gives HUD greater authority to delegate environmental responsibilities to state and local governments, and streamlines reviews for smaller projects, infill developments and certain affordable housing activities. The reforms do not eliminate local or state development requirements. However, they may reduce the time and administrative expense associated with overlapping federal reviews. For developers, shorter approval timelines can lower carrying costs and reduce uncertainty. For small contractors and professional firms, projects that move forward more quickly can translate into more consistent work and faster payment cycles. Pre-Approved Housing Designs Through the Accelerating Home Building Act, local governments and tribes may receive grants to adopt pre-reviewed housing designs for accessory dwelling units, duplexes, townhomes and other forms of affordable housing. This could help Inland Empire cities standardize commonly requested designs and shorten review times for property owners and small-scale developers. Pre-approved plans could make it easier for: Homeowners to add accessory dwelling units. Small builders to complete infill projects. Families to create multigenerational housing. Property owners to generate rental income. Communities to add housing without relying solely on large developments. For entrepreneurs, this provision may create a new market for firms specializing in ADUs , prefabricated construction, permitting assistance, financing and property management. Expanded Opportunities in Manufactured and Modular Housing The legislation includes an entire title focused on manufactured and modular housing. It eliminates the permanent-chassis requirement for certain manufactured homes, increases FHA-insured manufactured housing loan limits, supports the preservation of manufactured housing communities and directs HUD to identify barriers facing modular housing developers. Manufactured and modular construction could be particularly valuable in the Inland Empire because it may allow housing to be produced more efficiently and at a lower cost than some traditional construction methods. The reforms may generate opportunities for local manufacturers, transportation companies, site-preparation contractors, installers, utility providers and businesses supporting manufactured-home communities. Greater Access to Small Mortgages The law authorizes an FHA pilot program designed to expand access to mortgages of less than $100,000. It also requires federal regulators to examine how fees and mortgage-originator compensation practices affect the availability of smaller loans. Although many Inland Empire homes cost substantially more than $100,000, small-dollar mortgages may still support the purchase or rehabilitation of manufactured homes, homes in certain rural areas and lower-cost properties requiring repairs. Greater access to responsible mortgage financing could help more renters begin building equity while creating additional business for community lenders, mortgage professionals, real estate agents, appraisers and housing counselors. Appraisal Workforce Opportunities The legislation reforms appraisal licensing and training, adds flexibility for trainee appraisers a nd authorizes grants supporting appraisal workforce development. This could create new career pathways for Inland Empire residents while helping address appraisal shortages that can delay real estate transactions. For workforce-development organizations, colleges and professional associations, the provision presents an opportunity to introduce more residents— including people from communities historically underrepresented in the profession —to appraisal careers. Strengthening Community Banks and Local Lending The final law retains nine provisions focused on community banks and credit unions. Among other changes, the legislation supports the formation of new community banks and minority depository institutions, establishes greater regulatory flexibility for smaller financial institutions and formalizes a mentor-protégé program pairing large banks with smaller, rural and minority-owned institutions. A stronger community banking sector could benefit Inland Empire entrepreneurs who often struggle to obtain financing from larger institutions. Locally focused banks and credit unions may be more willing to evaluate borrowers based on community relationships, business potential and local market knowledge. That could expand access to mortgages, construction financing, small-business loans and community development capital. Limiting Institutional Purchases of Single-Family Homes The Homes Are for People, Not Corporations provision restricts large institutional investors that own at least 350 single-family homes from purchasing additional newly available single-family homes. The law includes exceptions, including for institutional investors purchasing or constructing homes specifically intended for the rental market. The provision may give individual buyers a better opportunity to compete for certain homes, although its ultimate effect will depend on implementation and the availability of housing in each local market. For Inland Empire families, improved access to homeownership can support long-term wealth creation. Homeownership also generates economic activity for real estate professionals, lenders, insurance agents, contractors, furniture stores and home-service businesses. Why this Housing Bill is Important to Inland Empire Business and Communities Housing policy is also economic-development policy. When employees cannot afford to live near their jobs, businesses face longer commutes, higher turnover and greater difficulty recruiting workers. Housing instability can also affect attendance, productivity and household spending. Increasing the supply of housing at a variety of price points could help Inland Empire employers attract and retain workers while allowing more residents to live closer to employment opportunities. New housing development also supports a broad network of small and microbusinesses—not only large developers and construction companies. Projects require surveyors, electricians, plumbers, roofers, painters, landscapers, security firms, caterers, marketing companies, accountants, attorneys, insurance brokers and dozens of other local vendors. Once residents move in, they create demand for childcare, healthcare, retail, restaurants, transportation and personal services. An Economic-Mobility Opportunity For working families, housing is one of the most important foundations of economic mobility. Stable and affordable housing makes it easier for people to remain employed, pursue education, start businesses and accumulate savings. Homeownership can provide an opportunity to build intergenerational wealth, while affordable rental housing can give families the financial breathing room needed to invest in their futures. The new law also supports whole-home repair programs that can provide grants or forgivable loans to homeowners and landlords for property repairs and modifications. For lower-income homeowners and older adults, these resources could help preserve existing homes, prevent displacement and support aging in place. They could also generate work for local repair contractors and skilled tradespeople. What the Inland Empire Should Watch Next The passage of the legislation is only the beginning. Federal agencies must now develop regulations, launch grant programs and establish implementation timelines. Inland Empire cities, counties, housing authorities, developers, lenders and community organizations should begin identifying projects and partnerships that could benefit. Local leaders should pay particular attention to: HUD planning and housing-production grants The $200 million annual Innovation Fund Commercial-to-residential conversion funding Whole-home repair pilot programs Manufactured and modular housing reforms Community bank and minority depository institution initiatives Appraisal workforce-development grants Changes to CDBG and HOME funding Pre-approved housing design programs The most successful Inland Empire communities will likely be those that begin preparing early—building partnerships, identifying underused properties, reviewing local permitting systems and creating pipelines of projects that can compete for new federal resources . The Bottom Line The 21st Century ROAD to Housing Act will not solve the region’s housing affordability crisis on its own. Land costs, interest rates, construction expenses, infrastructure needs and local approval processes will remain significant challenges. However, the legislation provides new tools that could help Inland Empire communities build and preserve more housing, revitalize underused properties, strengthen local financial institutions and create pathways to homeownership. For the region’s business and development community, the law represents more than a housing package. It is a potential pipeline of investment, contracts, jobs, entrepreneurship and neighborhood renewal. Source: Bipartisan Policy Center, “Inside the Deal: What’s in the Final 21st Century ROAD to Housing Act,” updated to reflect the law enacted July 11, 2026.
Real Estate, Housing & Urban Development
By Kim Anthony
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July 10, 2026
(Photo: National CORE)
By Kim Anthony
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April 3, 2026
ONTARIO, Calif. – National CORE and the City of Ontario have secured a $1 million federal Community Project Grant to support a new affordable housing community that will deliver safer streets, reliable transit and opportunity for families along the Holt Boulevard corridor in downtown Ontario. The funding, provided by U.S. Rep. Norma Torres, was celebrated March 31 at National CORE’s Vista Verde community, located a block from the new property. Torres said affordable housing is the top request from her constituents and thanked city leaders and National CORE for working closely together to ensure those needs are being met. “Every family deserves a safe, affordable place to call home, and that starts with investments like this one,” she said. “I hear every day from constituents struggling with the cost of housing, which is why partnerships with organizations like National CORE are so critical. They do not just make promises, they deliver. I’m proud to have helped support this new community and the families who will call it home.” The new community, known as Vista Verde II, will provide 144 one-, two- and three-bedroom apartment homes for households earning 30% to 60% of the area median income (AMI) at 905 E. Holt Blvd., along with a raft of neighborhood improvements: Grove Avenue Trail Connector, a protected Class I bicycle and pedestrian path linking neighborhoods from Fourth Street to Holt Boulevard. ADA-accessible walking paths through Grove Memorial Park, creating safe pedestrian routes where none previously existed. Sidewalk repairs, ADA upgrades, traffic calming and crosswalk enhancements along Allyn Avenue, supporting Safe Routes to School and neighborhood safety. 10 new bus shelters along key transit corridors. Expansion of Sunday service on Omnitrans’ sbX Green Line, providing seven-day-a-week access to transit. Leaders from National CORE and the City of Ontario said Vista Verde II reflects the power of strong public-private partnerships to revitalize neighborhoods and address California’s critical affordable housing shortfall. “This project is part of a transformation of this community – transit, parks, sidewalks and, of course, vitally needed housing. It’s going to be beautiful. It’s been critical to have this partnership with the city and with Congresswoman Torres, who long has been a champion for our residents,” National CORE President Michael Ruane said. Ontario Mayor Paul Leon thanked Torres for helping bring needed workforce housing to Ontario. “Norma is always there for things like this, things that benefit the community. I care about people who care about people and that’s who we have here,” he said. Tuesday’s event also included remarks from Ellen, a single mom who moved to Vista Verde in 2024 after struggling with medical bills and rising rents that hit $2,000 a month for her one-bedroom home. “I worked for Walgreens for 20 years, but then I got sick – I got breast cancer. The rent just kept increasing and the bills just kept piling up. It got to the point where I had to pack myself up and go stay with my mom.” “I was so stressed going through my treatment, and I just kept looking for a new home the whole time. Then, I got the call. I couldn’t believe it. I just love, love, love it here,” she added. Ellen said she loves the activities provided at the community by the Hope through Housing Foundation, created by National CORE. Her 12-year-old son participates in summer programs and she has taken two free job training classes through CORE Academy. “I’m very thankful to National CORE and I pray to God that you continue to help families. You don’t know how much this means to us. If I didn’t have National CORE, I don’t know where I’d be right now,” she said. National CORE Chairman Jeff Burum said individuals like Ellen are why the organization is committed to building new affordable housing. “This is what we do every day. We believe in community, we believe in families,” he said. © National CORE
Breaking News
By Kim Anthony
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August 18, 2026
The third-generation, Black-owned business has turned a family recipe into a West Coast enterprise—while remaining rooted in the community that helped it grow. By Urban Business Journal Staff For 70 years, the ovens at 27th Street Bakery have produced more than sweet potato pies. They have helped sustain a family legacy, create neighborhood jobs and preserve an important piece of Black business history in South Los Angeles. Located at 2700 South Central Avenue, the third-generation, Black-owned bakery is celebrating seven decades in business—a milestone few small businesses ever reach. Best known for its homemade sweet potato and pecan pies, 27th Street Bakery has grown from a neighborhood favorite into what the company describes as the largest manufacturer of sweet potato pies on the West Coast. From Southern Roots to a Los Angeles Landmark The business began during the 1930s when Harry and Sadie Patterson opened a restaurant along Central Avenue, then the cultural and commercial heart of Black Los Angeles. The Pattersons brought Southern recipes and traditions with them, creating food that offered Los Angeles’ growing Black community a familiar taste of home. In 1956, the family converted the restaurant into a specialty bakery producing sweet potato pies, fruit pies, cakes and other desserts. That transformation established the business now known as 27th Street Bakery. The next generation assumed leadership in 1980, when the founders’ daughter, Alberta Cravin, and grandson, Gregory Spann, took over the operation. Today, the bakery is led by sisters Denise Cravin-Paschal and Olympic gold medalist Jeanette Bolden-Pickens, along with Bolden-Pickens’ husband, Al Pickens. Five additional family members are reportedly involved in the business, continuing a tradition of shared ownership and responsibility. More Than a Bakery The bakery’s longevity is especially significant because of where it stands. Central Avenue was once home to a thriving collection of Black-owned hotels, nightclubs, restaurants and professional offices. As Los Angeles changed and families dispersed into other neighborhoods, many of those businesses disappeared. 27th Street Bakery remained. Its presence represents both economic endurance and cultural preservation. Across several generations, the company has provided employment, stability and a trusted gathering place for neighborhood residents. The bakery has also learned how to grow without abandoning its roots. Customers can still walk into the Central Avenue storefront and purchase fresh pastries, but the company now accepts online orders, offers nationwide shipping through Goldbelly and provides local delivery through services including DoorDash, Uber Eats and Postmates. The company was also selected as an approved supplier for the Super Bowl LVI Business Connect program—an initiative that identified qualified, diverse Los Angeles-area companies to compete for contracting opportunities connected to the event. That combination of tradition, distribution and supplier readiness offers a valuable lesson for other community-based businesses: longevity often depends on preserving what customers love while continually developing new ways to reach them. Seventy Years—and Still Growing In recognition of the anniversary, 27th Street Bakery is offering slices of sweet potato pie for 70 cents on select Saturdays through October 31, according to reporting from LA Local. The promotion is more than an anniversary special. It is an invitation for Los Angeles residents to support a business that has supported its community for generations. At a time when many independent restaurants and neighborhood businesses are struggling with rising costs, changing consumer habits and increased competition, reaching the 70-year mark is an extraordinary achievement. It demonstrates the power of family succession, a trusted product, community loyalty and the willingness to adapt. The Business Lesson The story of 27th Street Bakery offers several practical lessons for entrepreneurs hoping to build companies that last: Build around a signature product. The bakery became widely recognized for one distinctive offering—its homemade sweet potato pie. Protect the brand’s story. Its history and family recipe are not simply sentimental details; they are competitive advantages that distinguish the company from mass-market producers. Prepare the next generation. Leadership has successfully transferred through three generations, allowing the company to preserve family ownership. Expand how customers can buy. Nationwide shipping, online ordering and delivery platforms have taken the bakery beyond the geographic limitations of its storefront. Pursue supplier opportunities. Certification and participation in procurement programs can expose established small businesses to larger contracts and new institutional customers. Remain connected to the community. The company’s enduring relationship with South Los Angeles has created a level of loyalty that advertising alone cannot purchase. For entrepreneurs throughout Los Angeles, the Inland Empire and beyond, 27th Street Bakery is proof that a neighborhood business can preserve its identity, expand its reach and build an enterprise capable of outliving its founders. Seventy years later, the family is still baking—and Los Angeles is still showing up for another slice. Support This Legacy Business 27th Street Bakery 2700 S. Central Avenue Los Angeles, CA 90011 Tuesday–Saturday, 8 a.m.–4 p.m. 323-233-3469 Order or learn more at 27thStreetBakery.com This story was inspired by the CBS Los Angeles report celebrating the bakery’s 70th anniversary . Additional historical information was verified through the 27th Street Bakery , the Los Angeles Conservancy and LA Local .
By Kim Anthony
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August 18, 2026
Inland Empire companies planning to hire, expand or invest may qualify for tax credits, financing assistance and no-cost guidance from the state. California business owners do not have to navigate growth, permitting, financing and state regulations alone. The Governor’s Office of Business and Economic Development, commonly known as GO-Biz, continues to provide no-cost assistance to companies seeking to start, remain or expand in California. Services include help identifying business incentives, selecting sites, navigating permits, resolving regulatory challenges, accessing international markets and working with state agencies. One of the most immediate opportunities is the California Competes Tax Credit, a competitive income tax credit for businesses that want to locate, remain or grow in the state. GO-Biz is accepting applications for the first 2026–27 funding period through August 10, 2026. Businesses of any size, industry or California location may compete for more than $180 million in available tax credits. Applications are evaluated using factors that include the number of full-time jobs created, the amount of investment proposed and the project’s importance to the state or regional economy. GO-Biz is also offering an application webinar on July 30 from 3 to 4 p.m. Pacific. A recorded webinar, application guide and frequently asked questions are available for businesses that cannot attend. Why This Matters for Inland Empire Businesses The program could be particularly relevant to Inland Empire companies preparing to open another location, increase hiring, purchase equipment, expand manufacturing or make other significant investments. The tax credit is competitive and not every applicant will receive an award. However, smaller businesses should not assume the program is reserved only for large corporations. Eligibility is open to businesses of all sizes, and the economic importance of a project to its region is among the factors considered. For business owners who are not ready to pursue the California Competes Tax Credit, GO-Biz provides access to several other forms of assistance. Its business incentives resources include information about research and development tax credits, funding for employee training, manufacturing-related sales and use tax exemptions, zero-emission vehicle infrastructure incentives and utility discounts for qualifying high-energy businesses. GO-Biz consultants also provide confidential, no-cost assistance to help companies identify relevant tax credits, grants and financing programs. Businesses struggling with licenses, certifications or regulatory requirements can also request assistance. GO-Biz helps companies understand local, state and federal registration processes and identify the permits they may need to start, maintain, relocate or expand their operations. California’s network of Small Business Support Centers provides another entry point. Through the California Office of the Small Business Advocate, entrepreneurs can access no-cost one-on-one consulting and no-cost or low-cost training on business planning, financing, marketing, e-commerce, resiliency and growth. The Orange County Inland Empire Small Business Development Center Network serves entrepreneurs in Riverside and San Bernardino counties. Companies interested in international markets may also explore the California State Trade Expansion Program. Its Export Voucher can reimburse eligible small businesses for up to 75% of pre-approved export promotion expenses, with reimbursement capped at $10,000 per federal fiscal year. Eligible activities may include trade shows, international marketing materials, export-related services and website globalization. What Business Owners Should Do Now Business owners considering the California Competes Tax Credit should begin by documenting their proposed investment, projected hiring, expansion timeline and expected economic impact. They should also: Review the eligibility requirements and application guide. Attend or watch the California Competes webinar. Gather financial, employment and project information before beginning the application. Contact GO-Biz for no-cost guidance. Speak with a local Small Business Development Center advisor for additional assistance. The larger opportunity is not limited to one tax credit. GO-Biz operates as a gateway to state programs that many entrepreneurs may not know exist. For Inland Empire businesses preparing to grow, the first step may be as simple as asking what assistance is available before making the next major investment.
By Kim Anthony
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August 18, 2026
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By UBJ Staff
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August 17, 2026
For Inland Empire small business owners, a bank denial can feel like the end of the road—especially when customers are waiting, contracts are available and growth opportunities require immediate capital. A business may be too new to meet traditional lending requirements. Revenue may fluctuate throughout the year. The owner’s credit profile may not fit a bank’s underwriting standards, or the application process may take longer than the opportunity allows. But a bank’s “no” does not necessarily mean the business cannot move forward. A business may be too new to meet traditional lending requirements. Revenue may fluctuate throughout the year. The owner’s credit profile may not fit a bank’s underwriting standards, or the application process may take longer than the opportunity allows. But a bank’s “no” does not necessarily mean the business cannot move forward. Alternative financing can provide entrepreneurs with access to capital based on invoices, purchase orders, sales revenue or other business activity. These funding tools may help a company stabilize cash flow, fulfill a contract, purchase inventory or respond to an opportunity that cannot wait several months for approval. They can also be more expensive than traditional loans. Business owners should carefully review the fees, repayment terms and potential risks before signing an agreement. Here are three alternative financing options Inland Empire businesses should understand. 1. Factoring: Turning Unpaid Invoices Into Working Capital Factoring, also known as accounts receivable financing, allows a business to receive cash from an invoice before the customer pays it. How it works: A business completes a job or delivers goods and sends an invoice to its customer. A factoring company purchases the invoice and advances a percentage of its value, sometimes within 24 to 48 hours. When the customer pays the invoice, the factoring company releases the remaining balance to the business after deducting its fees. Why businesses consider factoring Factoring can: Provide faster access to working capital Base approval largely on the customer’s ability to pay Help cover payroll, supplies and operating expenses Reduce the wait between completing a job and receiving payment Provide funding without taking out a traditional long-term loan Factoring may be particularly useful for contractors, staffing firms, transportation companies, manufacturers, consultants and service providers that regularly invoice established customers. Before entering an agreement, business owners should determine whether the factoring arrangement includes recourse, meaning the business may remain responsible if the customer does not pay. 2. Purchase Order Financing: Funding the Order Before It Is Filled Purchase order financing is designed for businesses that receive a confirmed customer order but do not have enough cash to purchase the inventory or materials needed to fulfill it. How it works: A customer submits a legitimate purchase order. The financing company then pays the business’s supplier directly for the products, materials or inventory needed to complete the order. After the goods are delivered and the customer pays, the financing company deducts its fees and releases the remaining proceeds to the business. Why businesses consider PO financing Purchase order financing can: Help a company accept larger orders Provide capital without requiring the owner to pay suppliers upfront Support businesses that do not qualify for conventional financing Prevent a business from turning down a valuable contract Help a growing company build relationships with larger customers This option may work well for wholesalers, distributors, importers, manufacturers and other product-based companies. Business owners should confirm that the profit margin on the order is large enough to cover financing costs and still produce a worthwhile return. 3. Revenue-Based Financing: Repayment That Follows Sales Revenue-based financing provides a business with upfront capital in exchange for a percentage of future revenue until an agreed-upon repayment amount is reached. How it works: The financing company advances the funds. The business then repays a percentage of its weekly or monthly revenue. When sales decline, the payment may decrease. When sales increase, the business generally repays more. Unlike an equity investor, the financing company does not typically receive ownership in the business. Why businesses consider revenue-based financing. This option can: Provide capital based primarily on sales performance Adjust payments as revenue rises or falls Allow owners to retain control of their companies Offer an alternative for businesses with consistent deposits but limited credit history Provide funding more quickly than some traditional loan programs Revenue-based financing may appeal to restaurants, retailers, salons, wellness companies, e-commerce businesses, subscription services and other companies with consistent sales. However, convenience can come at a significant cost. Owners should calculate the total repayment amount—not just the weekly or monthly payment—and determine how the withdrawals may affect daily cash flow. Alternative Financing Can Be a Strategy—Not Just a Last Resort Alternative financing is sometimes viewed as funding for businesses that cannot qualify for anything else. In practice, it can also be a strategic tool when timing, flexibility or the structure of a transaction matters more than obtaining the lowest possible interest rate. For minority-owned, women-owned, veteran-owned and family-owned businesses that have historically faced barriers to capital, these options may help close the gap between having an opportunity and being financially positioned to pursue it. Used responsibly, alternative financing may help a business: Improve short-term cash flow Fulfill larger contracts Purchase inventory or materials Respond to time-sensitive opportunities Build a stronger operating history Reduce dependence on slow approval processes The goal should not simply be to obtain money. The goal should be to secure the right capital, at the right cost, for a clearly defined business purpose. Questions to Ask Before Accepting Alternative Financing Before signing an agreement, business owners should ask: What is the total amount I will repay? What fees will be charged? How often will payments be withdrawn? Is a personal guarantee required? What happens if my customer pays late? Can the financing company place a lien on my business assets? Is there a penalty for early repayment? Will the financing improve or strain my cash flow? Is the expected profit from the opportunity greater than the cost of the financing? Owners should also consider reviewing the agreement with an attorney, accountant or trusted business adviser. When the Bank Says “No,” Explore the Full Capital Landscape A traditional bank loan remains one of the most affordable funding options for many businesses, but it is not the only option. Entrepreneurs may also explore Community Development Financial Institutions, credit unions, SBA-backed lenders, microloan programs, local revolving loan funds, grants and business-development organizations before selecting a higher-cost financing product. For Inland Empire businesses facing an immediate cash-flow challenge or a time-sensitive opportunity, factoring, purchase order financing and revenue-based financing may provide a path forward. The key is to understand the numbers, compare multiple offers and choose financing that strengthens the business rather than creating a new financial burden. The BBOP Center assists Inland Empire entrepreneurs with understanding capital options, preparing for funding and identifying financial strategies that support sustainable growth.
By Kim Anthony
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July 16, 2026
The Orange County Inland Empire Small Business Development Center (OCIE SBDC) Network has partnered with the Riverside County Office of Economic Development to help entrepreneurs launch new businesses and assist existing small businesses that continue to recover from the economic impacts of the pandemic. Through the Riverside County Small Business Thrive Program, eligible applicants may qualify for grant awards of $1,500, $2,500, or $5,000 to start or grow their businesses. Funded through the American Rescue Plan Act (ARPA) Economic Recovery Program, the Thrive Program provides both financial assistance and business support to help entrepreneurs build stronger, more sustainable businesses. What's Required? To be eligible for a grant, qualifying applicants must: Meet all program eligibility requirements Complete an approved small business training program Participate in one-on-one business consulting through the OCIE SBDC Attend a Financial Literacy webinar presented by AmPac Business Capital The OCIE SBDC provides the required training, advising, and consulting to help businesses successfully complete the application process. Grant award decisions are made by Riverside County—not the OCIE SBDC. Business Training at No Cost Whether you're launching your first business, strengthening your existing company, or preparing for your next stage of growth, the OCIE SBDC provides no-cost expert advising, practical training, and personalized one-on-one support to help you build a stronger, more successful business. Training topics include: Business planning Marketing and sales Financial management Human resources Licensing and permits Business growth strategies, and more Participants also receive hands-on support in taking a business from concept to customer, including opportunities to validate products through e-commerce, local marketplaces, and retail channels. All programs are led by experienced OCIE SBDC business advisors and industry experts. Ready to Thrive? Explore upcoming workshops, connect with the OCIE SBDC intake team, and learn how the Riverside County Small Business Thrive Program can help you start or grow your business. Learn more and register today here: https://ociesmallbusiness.org/riverside-county-thrive
By Kim Anthony
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July 16, 2026
(INLAND EMPIRE) For many small businesses, the next big opportunity isn't opening another storefront. It's setting up a tent. Across Southern California, pop-up markets, artisan fairs, food festivals, maker markets, and community events are becoming powerful platforms for entrepreneurs to introduce their products, build loyal followings, and grow their brands. From the Ontario Night Market to the Riverside Artswalk , these events are attracting thousands of visitors eager to discover local businesses, handcrafted products, specialty foods, and unique shopping experiences. For entrepreneurs, that's more than a busy weekend. It's a marketing strategy. Building Relationships Before Building a Store For years, launching a retail business often meant signing a long-term lease and investing thousands of dollars before meeting the first customer. Today's entrepreneurs are taking a different path. Pop-up events allow business owners to test products, gather customer feedback, refine pricing, and build brand awareness—often with far less risk than opening a permanent location. Many successful businesses began with a folding table, a canopy, and a willingness to introduce themselves to the community. More Than Making Sales Experienced vendors say the greatest value of a pop-up isn't always what happens at the cash register. It's what happens after the event. Every conversation becomes an opportunity to gain a social media follower, collect an email address, receive customer feedback, or create a repeat customer. For many entrepreneurs, the goal isn't simply selling a candle, T-shirt, pastry, or handcrafted gift. It's creating a customer who returns again and again. Creating Experiences Customers Remember Consumers today are increasingly looking for experiences, not just transactions. That's one reason community markets continue to grow in popularity. Visitors enjoy meeting the people behind the products, hearing the stories that inspired a business, watching demonstrations, tasting samples, and supporting local entrepreneurs. That personal connection is something online retailers often struggle to replicate. A Launchpad for New Businesses Pop-up events have also become an important entry point for first-time entrepreneurs. Many businesses begin by selling at farmers markets, neighborhood festivals, or arts events before eventually opening retail locations, expanding into wholesale, or launching e-commerce stores. For entrepreneurs by necessity, the model offers an affordable way to start building revenue while learning what customers truly want. Why It Matters The Inland Empire is home to thousands of talented makers, artisans, food entrepreneurs, designers, and small business owners. Community markets give those entrepreneurs visibility they might never achieve through advertising alone. As cities continue investing in placemaking and community events, pop-up markets are becoming more than weekend attractions. They're becoming business incubators. Make the Most of Your Next Pop-Up Event Before your next market or festival: Create a simple QR code that links to your website or newsletter. Collect customer email addresses for future promotions. Offer samples or product demonstrations when appropriate. Display your social media handles prominently. Tell the story behind your business—not just what you sell. Take photos and videos throughout the event for future marketing. Invite customers to visit your online store after the event. Local Events to Explore Entrepreneurs looking to increase visibility may want to explore opportunities through: Ontario Night Market Riverside Artswalk Local farmers markets throughout Riverside and San Bernardino counties Community festivals and seasonal maker fairs Chambers of Commerce and downtown association events UBJ Opportunity Take The most successful entrepreneurs don't wait for customers to find them—they go where customers are already gathering. Pop-up markets offer more than a place to sell products. They provide an opportunity to tell your story, test new ideas, build lasting relationships, and turn first-time shoppers into lifelong customers. In today's marketplace, a single weekend event can spark the beginning of a thriving business.
