Document Text
After the 2008 Great Recession, the Filipino population suffered the most foreclosures due to the deregulation of the housing financial market. With the onset of displacement, gentrification, and immigration related threats, the Filipino community has been utilizing small businesses and civic engagements as modes for community development. For Filipino small businesses, there is a dearth of funding, education, and mentorship in growing their businesses. In addition, there is also a lack of financial literacy and education. BCFS proposes the following recommendations: Increased community-based financial education within the Filipino community and other marginalized communities. Financial education would include business literacy, cash management, and other basics that bridge the gap between personal finance and a disciplined business financial strategy. Investment from large companies to reduce their impact on the local real estate market, increase transparency in their funding, and develop transportation and infrastructure. Creation of a Filipino Small Business Network for mentorship and education in creating new businesses. Existing business networks tend to be focused on specific trades or age groups, but very little is available for small businesses. Regular assessments of city planners and transit officials in community infrastructure.