COMMUNITY DEVELOPMENT & SMALL BUSINESSES

COMMUNITY DEVELOPMENT & SMALL BUSINESSES

Community Development & Small Businesses statement. Through the 2018 Filipino Policy Symposium, participants developed a California state-wide policy platform focused on eight major areas: Gender Justice, Housing, Health, Community Development and Small Businesses, Immigration, Workers Rights, Human Rights and Criminal Justice, and Education. This platform shares the lived realities experienced by the California Filipino population and their proposed policy recommendations. The 2019 Filipino Policy Platform can be utilized by policy makers, community based organizations, and the larger public as an educational resource to develop policies and further engagement with the Filipino community.

2018

The Bulosan Center for Filipino Studies and the UC Davis Asian American Studies department holds intellectual control of these recordings. Usage is restricted for educational, non-commercial purposes only.

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English

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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.