Big change for California small businesses: No more SBA loans for non-citizens
by Levi Sumagaysay | CalMatters
Green-card holders no longer qualify for loans from the Small Business Administration, eliminating a longtime source of financing for immigrants that advocates say will discourage job creation and harm the economy.
The SBA limited access to its loans to U.S. citizens and nationals only starting in March, and expanded that policy to SBA-backed loans beginning in April. On top of that, any business that’s even partly owned by a permanent legal resident with a green card is no longer eligible for the loans.
California — which has the most small businesses and the largest immigrant population in the nation — could be most affected. SBA loans have been important to immigrant entrepreneurs because they typically are low-interest and available to those without an established credit history.
California governor’s race: See the candidates’ incomes and tax payments
by Yue Stella Yu | CalMatters
We already knew that Democrat Tom Steyer, a billionaire running for California governor, is rich. But how rich?
In 2024, Steyer and his wife, Kat Taylor, reported a total income of $39 million, thanks to the duo’s massive investments in the global stock market. That’s more than all nine of his major opponents in the governor’s race and their partners made that year combined, according to their federal tax returns released this week.
A 2019 state law, designed to better inform California voters, requires candidates for governor to release their federal tax returns to qualify for the June primary ballot. Among major candidates, only Chad Bianco, Matt Mahan, Katie Porter and Tony Thurmond have already filed their 2025 tax returns.
By SAN Media Resources
The San Diego County Regional Airport Authority is excited to announce the appointment of Brendan Reed as Vice President & Chief Operations Officer, effective March 25. In this role, Mr. Reed is responsible for setting the strategic direction for terminal and airside operations, aviation and public safety, operational planning and readiness, and facilities management at San Diego International Airport (SAN).
“I am very pleased to promote Brendan to Vice President and Chief Operations Officer,” said Atif Saeed, the Authority’s President and CEO. “During the last four years, he masterfully led the planning and activation of the $3.8 billion Terminal 1 program, which to date is the most complex and high-profile project in the history of the airport. During his 10 years with the Airport Authority, Brendan’s work has had a lasting and meaningful impact on the airport and the region. His promotion is well deserved.”
“I am honored and look forward to taking on this role at SAN,” said Mr. Reed. “Every day I am truly inspired by the knowledgeable and talented colleagues I work alongside in the Operations Division who tirelessly contribute to delivering a best-in-class airport for San Diego and the traveling public. We have accomplished a tremendous amount with the opening of the new Terminal 1, and there is much more to come with enhancing our operational efficiency and passenger experience.”