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Tell a California College Student to Apply for a $10,000 Stipend

“We enacted the most comprehensive economic stimulus program in the nation last year, getting billions in immediate relief to millions of Californians. But many folks are still struggling, especially with high costs due to inflation, so we’re leveraging this historic surplus to get money back into the pockets of Californians,” said Newsom when he announced the relief package. “This inflation relief package will help offset the higher costs that Californians are facing right now and provide support to those still recovering from the pandemic,” the governor continued.

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To apply, go to https://www.californiavolunteers.ca.gov/californiansforall-college-corps-for-college-students/.
To apply, go to https://www.californiavolunteers.ca.gov/californiansforall-college-corps-for-college-students/.

By Tanu Henry, California Black Media

California Chief Service Officer Josh Fryday and other education advocates around the state are encouraging college students to apply for financial assistance through the Californians for All College Corps program.

Over the next two years, 6,500 California students who qualify will receive stipends of $10,000 each year to pay for college expenses. In return, the students will be required to participate in community service projects tackling issues related to climate change, education, food insecurity and more.

Gov. Gavin Newsom announced in January that the state was investing $146 million in the work service effort that his office says would help low-income students graduate on time and with less debt. Selected students will also receive academic credit for the work they do in their communities.

“Students are graduating with crippling debt. This service and career development program helps create a debt-free college pathway while promoting service. If you are willing to serve your community and give back in a meaningful way, we are going to help you pay for college,” said Fryday.

Fryday, who Newsom appointed in 2019 to oversee volunteering, civic engagement and service initiatives in California, was speaking at the launch of the “College Corps” program in Merced earlier this month.

Officials from the University of California Merced, California State University Stanislaus, and California State University Fresno joined Fryday at the kickoff event.

“This is a win-win-win: Helping to pay for college, gaining valuable work experience, and having a meaningful impact on your community,” Fryday continued.

Universities across the state will collaborate with local government, community service organizations and non-profits to assign students to projects that are priorities in their region.

The College Corps program is being launched at a time Newsom is initiating several programs organized to address skyrocketing inflation as Californians recover from economic challenges brought on by the global COVID-19 pandemic.

On May 12, Newsom announced an $18.1 billion package with relief funding in tax refunds, childcare assistance, a minimum wage increase, help with utility bills, health insurance subsidies, stimulus payments for health care workers, and more.

“We enacted the most comprehensive economic stimulus program in the nation last year, getting billions in immediate relief to millions of Californians. But many folks are still struggling, especially with high costs due to inflation, so we’re leveraging this historic surplus to get money back into the pockets of Californians,” said Newsom when he announced the relief package.

“This inflation relief package will help offset the higher costs that Californians are facing right now and provide support to those still recovering from the pandemic,” the governor continued.

The College Corps program requires students to complete 450 hours of community service over the course of the school year to receive the funding.

“The College Corps initiative is not only an important way for California to show that it values the efforts of our students, but also another significant advancement in helping more students complete college without financial stressors that can follow them into their early careers,” said Juan Sánchez Muñoz, University of California Merced Chancellor.

To apply, go to https://www.californiavolunteers.ca.gov/californiansforall-college-corps-for-college-students/.

Bay Area

COVID-19 Response Grant Program

The City of Union City will be issuing another round of its COVID-19 Response Grant Program. The program has distributed approximately $620,000 in grant funds and forgivable loans to the community to respond to the impacts of COVID-19 and will distribute another $322,000 through this latest round of funding. The City will utilize federal Community Development Block Grant (CDBG) and CARES Act funds.

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The City will be holding two informational/technical assistance meetings to support residents and businesses with their applications and respond to any questions. These meetings will be streamed via Zoom. See below for meeting information and Zoom meeting links.
The City will be holding two informational/technical assistance meetings to support residents and businesses with their applications and respond to any questions. These meetings will be streamed via Zoom. See below for meeting information and Zoom meeting links.

The City of Union City will be issuing another round of its COVID-19 Response Grant Program. The program has distributed approximately $620,000 in grant funds and forgivable loans to the community to respond to the impacts of COVID-19 and will distribute another $322,000 through this latest round of funding. The City will utilize federal Community Development Block Grant (CDBG) and CARES Act funds.

Grants are available through the City’s Road to Recovery Small Business Assistance Program and the Residential Rental Assistance Program. The City began accepting applications on March 6, 2023, at 9 a.m. and will begin reviewing applications (up to 50 applications for each grant opportunity) submitted on or before March 30, 2023, at 5 p.m. The program information and the online application are available on the City’s website:

https://www.unioncity.org/548/COVID-19-Response-Grant-Program

The City will be holding two informational/technical assistance meetings to support residents and businesses with their applications and respond to any questions. These meetings will be streamed via Zoom. See below for meeting information and Zoom meeting links.

Tuesday, March 14, 2023: 9 a.m. to 10 a.m.

https://unioncity-org.zoom.us/j/89061570160

Wednesday, March 15, 2023: 12 p.m. to 1 p.m.

https://unioncity-org.zoom.us/j/81868680531

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Business

Popular Barbers Bring ‘Empire’ to Hercules

When he was a child, Drew DeGuzman said his parents couldn’t always afford to get his hair cut.“So, when I got a little older into my teens, I bought a cheap pair of clippers and started cutting my own hair and found out I had a real gift for it,” said DeGuzman, an Antioch native and 2004 graduate of De La Salle High School in Concord. DeGuzman started cutting his classmates’ hair, and also his Dad’s and brother’s. He cut hair on the weekends, and it was clear to him that this wasn’t just a hobby, but a career.

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Drew DeGuzman cuts a child’s hair. Photo courtesy of Empire Barbershop.
Drew DeGuzman cuts a child’s hair. Photo courtesy of Empire Barbershop.

By Mike Kinney

When he was a child, Drew DeGuzman said his parents couldn’t always afford to get his hair cut.

“So, when I got a little older into my teens, I bought a cheap pair of clippers and started cutting my own hair and found out I had a real gift for it,” said DeGuzman, an Antioch native and 2004 graduate of De La Salle High School in Concord.

DeGuzman started cutting his classmates’ hair, and also his Dad’s and brother’s. He cut hair on the weekends, and it was clear to him that this wasn’t just a hobby, but a career.

In December 2020, DeGuzman, then 36 years old, alongside Richmond native Christian Chavez, 31, opened the Empire Barber Shop at 3700 San Pablo Ave. in Hercules. The pair had previously worked since 2015 at the Empire location inside the Sunvalley Shopping Center in Concord before launching the Hercules site. The swift popularity of Empire’s new location in West County is connected to a longtime passion for craft.

“It feels really good to know that the community has embraced us, and they see the value that we bring,” DeGuzman said. “It feels great to see hard work pay off.”

Drew DeGuzman poses in front of his workstation. Photo courtesy of Empire Barbershop.

Drew DeGuzman poses in front of his workstation. Photo courtesy of Empire Barbershop.

Empire partner Christian Chavez got his start at the shop where he once got his hair cut. Photo courtesy of Empire Barbershop.

Empire partner Christian Chavez got his start at the shop where he once got his hair cut. Photo courtesy of Empire Barbershop.

Empire barbers keep up with trends and current styles for men’s grooming. Photo courtesy of Empire Barbershop.

Empire barbers keep up with trends and current styles for men’s grooming. Photo courtesy of Empire Barbershop.

Hard work at a young age is how Chavez found his calling. At that time, he’d get his haircuts at Adriana’s Beauty Salon in San Pablo, “right next to McDonald’s,” he said.

Chavez attended Leadership Public Schools in Richmond, which provided students a week where they could intern at a business. Adriana’s Beauty Salon hired him on as an intern to take on walk-ins. Once he got a hold of his own clippers, he started providing haircuts to his family.

“I just saw the clippers waving at me all the time,” he said. “I knew my calling was to become a professional barber and stylist.”

Empire specializes in modern men’s grooming and precision haircutting and styling. The shop additionally “stays true to our foundation in traditional barbering with an emphasis on classic hot towel shaves and service,” said DeGuzman.

The key to balancing a diversity of services with top-notch craft is ongoing education, he added.

“We have created a culture here where we want to continue to learn and seek new techniques and learn how to execute these evolving styles,” he said.

DeGuzman added, “We value professionalism and want the public to really feel welcome and respected when entering our shops.”

It’s not all work, no play for DeGuzman and Chavez.

“We are family guys,” DeGuzman said. “So we really enjoy spending time with our family and friends. “From taking advantage of the hiking trails on the waterfront, movies at the park, sporting events, and exploring all the awesome food spots our community has to offer.”

The pair also love to shop and eat locally, including at the nearby Target and Trader Joe’s, Pear Street Bistro, Leila by the Bay, Powder Keg, and “of course our neighbors at Sharetea and Kinder’s,” said DeGuzman.

Empire Barber Shop opens Monday-Friday from 10 a.m. to 7 p.m., and Saturday from 9 a.m. to 6 p.m. For more information, contact (510) 243-5396.

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Business

San Francisco Bank, Others Affected by Failure of Silicon Valley Bank

Another Bay Area bank was affected Monday by uncertainty in the financial markets following the failure of Silicon Valley Bank on Friday. Stock in San Francisco-based First Republic Bank sank nearly 62 percent Monday and shares of other regional banks suffered losses, reportedly. On Sunday, regulators seized Signature Bank in New York after it failed.

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Over the weekend and Monday, top federal officials including President Joseph Biden appeared to be getting ahead of the issue. Biden sought to ease American's fears by making all deposits held by Silicon Valley Bank customers available regardless of the amount of their deposits, federal officials said over the weekend.
Over the weekend and Monday, top federal officials including President Joseph Biden appeared to be getting ahead of the issue. Biden sought to ease American's fears by making all deposits held by Silicon Valley Bank customers available regardless of the amount of their deposits, federal officials said over the weekend.

By Keith Burbank
Bay City News

Another Bay Area bank was affected Monday by uncertainty in the financial markets following the failure of Silicon Valley Bank on Friday.

Stock in San Francisco-based First Republic Bank sank nearly 62 percent Monday and shares of other regional banks suffered losses, reportedly.

On Sunday, regulators seized Signature Bank in New York after it failed.

But a San Jose State University professor of finance and accounting does not see the failure of Silicon Valley Bank and Signature Bank as signs of a coming crisis.

“I don’t think it is a huge contagion issue,” said assistant professor Matthew Faulkner. “It’s more toward an isolated incident.”

Over the weekend and Monday, top federal officials including President Joseph Biden appeared to be getting ahead of the issue.

Biden sought to ease American’s fears by making all deposits held by Silicon Valley Bank customers available regardless of the amount of their deposits, federal officials said over the weekend.

That includes businesses who must pay their employees and their bills, officials said.

“Americans can have confidence that the banking system is safe,” Biden said Monday morning. “Your deposits will be there when you need them.”

Investors will not be protected, Biden said. According to the president, they took a risk and “that’s how capitalism works.”

Taxpayers will not be on the hook for the losses. Money to cover the losses will come from fees that banks pay into the deposit insurance fund, Biden said.

In California, state Treasurer Fiona Ma said Monday that her office has no exposure to Silicon Valley Bank and state and local government funds are safe.

Additionally, companies that did business with Silicon Valley Bank won’t have to pay any penalty if they must file their payroll taxes late, according to the California Employment Development Department, which collects payroll taxes.

Employers can request a waiver online at https://edd.ca.gov/en/payroll_taxes/e-Services_for_Business/ or in writing.

Silicon Valley Bank failed Friday after depositors and investors tried to withdraw $42 billion from the bank on Thursday. The bank had $175 billion in deposits at the end of last year. The withdrawals left the bank with a negative cash balance of nearly $1 billion Thursday.

Monday, First Republic Bank said it widened its financial position with liquidity from the U.S. Federal Reserve Bank and JP Morgan Chase and Co.

First Republic now has more than $70 billion to fund operations, the bank’s officials said. Additional liquidity is available through the Bank Term Funding Program, which the Federal Reserve announced Monday and ensures banks can meet the needs of their depositors.

“First Republic’s capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks,” said Jim Herbert, founder and executive chairman, and Mike Roffler, president and CEO, of First Republic Bank. “First Republic continues to fund loans, process transactions and fully serve the needs of clients.”

U.S. Senate hopeful Rep. Barbara Lee, D-Oakland, blamed the failure of Silicon Valley Bank on the rollback of federal financial regulations by former President Donald Trump.

“Federal oversight over large corporations and our economy is crucial and regulators must once again step in and ensure we do not repeat the mistakes made in 2008,” Lee said in a statement.

Silicon Valley Bank was the 16th largest bank in the United States as of March 10, Faulkner said.

Faulkner suggests depositors open another account, if they have one with more than $250,000 in it, to protect themselves.

Silicon Valley Bank was focused on serving startups, Faulkner said, which was probably part of the reason it failed. But Faulkner said the public only knows part of the story.

 

Copyright © 2023 Bay City News, Inc.  All rights reserved.  Republication, rebroadcast or redistribution without the express written consent of Bay City News, Inc. is prohibited. Bay City News is a 24/7 news service covering the greater Bay Area.

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