Eric Hellon: Homeownership Expert

IBEW 569 CONGRATULATES GRETCHEN NEWSOM ON HER PROMOTION TO NINTH DISTRICT POLITICAL COORDINATOR

[San Diego — June 7, 2023] San Diego labor leader Gretchen Newsom has been promoted by the International Brotherhood of Electrical Workers (IBEW) as Political Coordinator for the Ninth District of the IBEW. IBEW’s Ninth District represents a broad range of workers and their families in California, Nevada, Oregon, Washington, Alaska, Hawaii, and northern Idaho, as well as in Guam and Saipan, and is led by International Vice President David E. Reaves, Jr. Ms. Newsom joins the Ninth District after an extraordinarily successful career with IBEW 569 in San Diego, where she masterminded and implemented initiatives that have helped fundamentally transform the political landscape in San Diego County over the last decade.

IBEW 569 Business Manager Jeremy Abrams said, “Gretchen’s promotion to Political Coordinator for the Ninth District is a richly-deserved recognition of her incredible talent and her drive to build power for IBEW members and all working people. She has been a core part of our Local’s success.

While we will miss her, the wins Gretchen achieved will create work for our members for decades to come. We know that we will

continue to benefit from her skills as she steps into this new and important role.”

Jeremy Abrams further elaborated, “Gretchen has demonstrated both tenacity and strategic savvy during her career.

Through a series of bold campaigns, she has created long-lasting and significant changes. She was instrumental in the efforts to shift the San Diego City Council, the San Diego County Board of Supervisors, and many other city councils to pro-worker majorities. Gretchen was instrumental in efforts to change leadership and direction at key regional agencies leading to more and better work for IBEW members. Gretchen builds coalitions to win, as demonstrated by her successful eight-year effort to adopt the nation’s second largest Project Labor Agreement at SANDAG, valued at $163 billion. Gretchen understands how to win the fight today — and how to build the power we will need to win the fight tomorrow.”

In her time as Political Director of Local 569, Ms. Newsom made the Local a powerful voice for working people. Her achievements also included overturning Project Labor Agreement bans in Chula Vista and San Diego, as well as dozens of successful

ballot initiatives and candidate campaigns across the region. Gretchen has also worked to expand the participation of women in the trades — including highlighting the women of San Diego’s skilled trades through the Women at Work photo exhibit.

Gretchen Newsom said, “I’m deeply honored to be selected for this great new challenge. I know my success was made possible because of the strength of thousands of 569 members, and my success at the Ninth District will depend on our members across the region. Our campaigns have won — and will continue to win — because of all the members who devote their free time to knocking on doors, making calls, visiting lawmakers, testifying at public hearings, building coalitions, and supporting our IBEW PAC. This is a big job, and I’m ready for the fight.”

Ms. Newsom will be headquartered at the offices of IBEW 569. She will continue her service on the California Employment Training Panel, the San Diego Regional Airport Authority Audit Committee, and as an Alternate Commissioner on the California Coastal Commission.

“I know my success was made possible because of the strength of thousands of 569 members, and my success at the Ninth District will depend on our members across the region…”

WEALTH AND CAREER OPPORTUNITIES WITH IBEW 569 – THE ELECTRICIANS UNION Are you frustrated with no good paying jobs out there? Are you tired of the grind of submitting resumes and job-searching?

Are you interested in a quality construction career?

You deserve to get paid what you’re worth. Like you, we get mad when we think of college students graduating with a mountain of debt and without a good job. It’s just not fair that nobody told you there was a different option: a tuition-free apprenticeship program.

If you’re interested in electrical construction, and building new schools, hospitals, renewable energy, stadiums, housing, and so much more; IBEW Local 569 is here to help you discover your full potential. It’s never too late to start fresh.

At the end of the day, you just want to take care of your family, live comfortably, and take pride in what you do.

Founded in 1920, IBEW 569 has over 100 years of experience helping electrical workers throughout San Diego and Imperial Counties. At the end of the day, electrical workers want to enjoy an honest day’s work for a good day’s pay. Live comfortably. Provide for your family. Take pride in what you do. Build a stronger community. IBEW 569 is here for you, and we

help our members build a lasting career, get paid what you’re worth, and provide for your family with a six-figure potential salary, full family healthcare, and great retirement benefits.

We have apprenticeship opportunities where you “learn while you earn” and entry-level electrical construction jobs we can dispatch you to that will help you gain experience in construction.

Riyad King-Mahdi recently graduated from our apprenticeship and is now a California State Certified Electrician and Journeyman Wireman. He shares, “the IBEW is more than a career for me, it’s a platform that allowed me to grow into a better person. Not only did this platform benefit myself but it benefited my community as well. The skills that I’ve acquired throughout the apprenticeship, both on-site and offsite, continue to serve me today and will last me for the rest of my life. I hope to take these skills to the next level by pioneering a new wave in the EV Charging industry and overall creating a greater positive impact for this world.”

Apprenticeship combines on-the-job and classroom training, preparing the apprentice for a career as a skilled crafts-

man. Apprentices work during the day at training assignments with contractors (employers), who pay the apprentice directly for time worked.

Apprentices attend school two nights per week, and our apprenticeship classes are credited through Palomar College so you’re earning college credits without paying tuition. All classes are held in classrooms and labs at our training facility in San Diego and/or Imperial Valley.

Key Benefits • Wages, with regular increases, for onthe-job training plus benefits •College credits for classroom training •Graduate as a Journeyman Inside Wireman or Journeyman Sound Technician •No tuition for schooling How do you become a union electrician in San Diego? Contact IBEW 569 at 858569-8900 or learn more at www.IBEW569. org. And definitely check-out our apprenticeship programs at our Electrical Training Institute: https://etiedusandiego. org/career-opportunities/.

SAN DIEGO UNIFIED SCHOOL DISTRICT NAMES 2023 CLASSIFIED EMPLOYEES OF THE YEAR SAN DIEGO – Joann Schmidt, a health technician, and Alma Banuelos, a facilities and construction business outreach coordinator, have been named San Diego Unified School District’s Classified Employees of the Year for 2023.

Coinciding with Classified School Employee Week, May 21-27, San Diego Unified will honor the 2023 Classified Employee of the Year and Runner-Up at a celebration at UCSD’s Park & Market on Tuesday, May 23 at 5 p.m. Classified Employees of the Year from individual schools and departments will also be honored.

The celebration will be hosted by UC San Diego’s Morgan Appel, Assistant Dean for Education and Community Outreach.

To help celebrate Classified School Employee Week, the district challenges San Diegans to thank a school employee who has impacted their life, either in-person or on social media platforms, using the hashtag

#ThankASchoolEmployeeSD and #ClassifiedEmployeeAppreciationWeek.

“Vital, essential, and inspirational are three words that come to mind when thinking of San Diego Unified classified employees,” Superintendent Dr. Lamont Jackson said. The positive impact classified employees have on students and our district daily leaves me eternally grateful. Classified employees are the backbone of our organization; ensuring they feel appreciated year-round is as important as they are. Congratulations to the Classified Employees of the Year; San Diego Unified’s success is a direct reflection of their tireless commitment, love, and dedication.”

The Board of Education honors classified employees each year with an event that celebrates their work in the district. This year’s event is cohosted by North Island Credit Union.

“North Island Credit Union is honored to partner with San Diego

Unified School District in this very important recognition of school employees,” said North Island Credit Union President/CEO Steve O’Connell. “We are proud to celebrate those who play a vital role in the day-to-day operations of our schools as part of our mission to serve and support the San Diego education community. We congratulate the award recipients and nominees for their outstanding work in making an essential difference in their school communities and in the achievements of their students.”

Additional sponsors of the event are California Coast Credit Union, California Schools VEBA, SchoolsFirst Federal Credit, Creation by Chelyz, M2 Video Productions, and the University of California, San Diego.

For more information on this year’s winners and on the San Diego Unified Classified Employee of the Year celebration, please visit: https://cutt. ly/2023CEOY

CUT COSTS ON YOUR SUMMER ENERGY BILL Warmer temps are on their way but it doesn’t have to mean higher energy bills. Use major appliances when energy is less expensive, before 4 pm or after 9 pm, Monday – Sunday. Here are ways to save energy and money while staying cool.

First, let’s talk about appliances. They tend to use a lot of energy and heat up your home at the same time. With that in mind, consider the following: 1. Change the way you cook Turn off the oven and stovetop as much as possible. Relying on microwaves, slow cookers, backyard grills or foods you don’t need to cook (like salads) are great ways to not heat up your food and home at the same time. If you’re going to use your oven, do it sparingly and during the coolest part of the day.

2. Change how you wash your clothes Use cold water to wash your clothes so you don’t have to pay to heat the water. Cold water helps reduce wrinkles and remove stains. Washing in cold also helps your clothes last longer, prolong vibrancy and maintain their shape and size.

Always aim for full loads of laundry and consider line drying them.

3. Don’t “heat dry” your dishes When running your dishwasher, turn off the “heat dry” cycle and let dishes air dry instead.

4. Use smart plugs for appliances One of the best smart plug uses is to connect appliances to them. Smart plugs allow you to schedule when your appliances are on or off – even remotely. They also help reduce “vampire draw” because appliances still use energy when they’re off but plugged in.

Beyond appliances, here are other great ways to stay cool and save big: 1. Check out SDG&E’s new RES program Do you rent or own a single-family home? Eligible customers receive free products such as smart thermostats, lowflow showerheads, brushless fan motors, HVAC services like air duct testing and sealing – and more. SDG&E has contracted with Synergy Companies to provide customers with energy efficiency audits from their experts. Customers can request a home visit at SynergyCompanies.com or by calling (888)-272-8394. Learn more at sdge.com/RES. 2. Save with Golden State rebates Receive rebates toward the purchase of energy-efficient products like smart thermostats, heat pump water heaters and room air conditioners. Get details at sdge.com/rebates and for the product list, visit GoldenStateRebates.com.

3. Sign up for SDG&E’s Power Saver Rewards Earn a bill credit of $2 per kilowatt hour when you reduce

your energy use when the grid needs it the most. Get details at sdge.com/PowerSaver.

4. Use ceiling fans instead of the A/C Ceiling fans can save up to 25 percent on cooling costs and reduces your home’s temperature up to ten degrees. In warmer temps, fans should be set counter-clockwise for the best cooling effect. Don’t forget to change the direction to clockwise when temps drop in cooler months because the fan pushes heat down.

For more ideas on how to save energy, visit sdge.com/MyEnergy.

YBNB MEMBER INTERVIEW

PATRICK WILLIAMS Patrick Williams is a Entrepreneur, Skateboarder, and Musician born and raised in San Diego, California. He is the newest member of the RichFresh Sales and PR Team. He is helping manage the pivot of the $10 million dollar brand Henry Masks into Henry Goods this fall. He and his wife are launching a boutique PR and Marketing Agency in July 2023.

He is also launching a Sports/Hip Hop Radio Show/Podcast this summer. The show will be available on radio from San Diego to Los Angeles and everywhere podcasts are found.

How did we get here? Patrick was born in 1981 near Adams Avenue in the Talmadge Neighborhood. He grew up in a working class family. Patrick’s parents Henry and Karen managed a short stay motel at the corner of 54th Street and El Cajon Blvd.

After his parents divorced, he and his mom moved to a few different states between the years of 1984 and 1993, and they returned to San Diego in 1993. They settled back in San Diego at Cabrillo Palisades, an apartment complex across the street from Rady Children’s Hospital in Kearny Mesa.

Patrick attended Taft Junior High in Serra Mesa for 7th and 8th grade, and Mission Bay High School after that. Patrick was always one of the top students in his class, but also had many extra curricular interests, including playing drums, skateboarding, rapping, and playing basketball. He was blessed to have his choice of UCSD, UCLA, and UC Berkeley for College. His love of sports, music, and acting led him to choose UCLA. While at UCLA, Patrick took his studies seriously, but also made time for his other interests. Patrick hosted the hottest Hip Hop radio show in UCLA history on UCLA RADIO, entered into quite a few freestyle rap battles at UCLA and Long Beach State, and even made the cover of UCLA’s Newspaper The Daily Bruin for his lyrical abilities.

Patrick always dreamed of doing 4 things since he was a kid: Being a cast member on Saturday Night Live, Something with Hip Hop, Something with Skateboarding, Something with Basketball.

After College, Patrick found an opportunity to manage a Stage on the 2006 Vans Warped Tour.

Patrick Managed operations for Dr. Mad Vibes Medicine Cabinet and traveled all over the country working in the music business at 23 years old.

Patrick finally felt at home on Warped Tour in “Punk Rock Summer Camp.” It was the center of skateboarding and punk culture, with a bit of hip-hop thrown in.

Patrick sold merch, managed all aspects of the stage, added new artists to the stage to create a daily jam session, and was even able to rap at many of these daily performances.

As a completely unknown 23 year-old he even performed on stage with Gym Class Heroes, who at the time had the number one song “Cupid’s Chokehold.”

After Warped Tour ended, there was the 2008 financial crisis and Patrick found work in the technology space, in finance, and in marketing and starting small businesses between 2007 and 2019. He then began to work for David Meltzer in Irvine California. David Meltzer is

a giant in the space of sports/business/media and Patrick learned an MBA’s worth of info and techniques in the time he worked for David. Patrick even repurposed David’s popular podcast “The Playbook” into a sports radio show on San Diego’s top sports radio station, The Mightier 1090.

Patrick’s best friend from UCLA, Eli Gill had recently become the business manager for fast rising luxury designer, RichFresh. Eli helped designer Fresh to begin to build his high fashion empire. Patrick asked to get Fresh as a guest on David Meltzer’s podcast, and the rest is history.

When the Pandemic happened in March 2020, The founder of Richfresh who goes by the name Fresh, and his brother Chase started a PPE mask company called Henry Masks. Eli hired Patrick to become the customer support manager for Henry Masks. That role quickly shifted into director of Sales for all custom and bulk mask orders. Patrick and Eli were able to help Henry Masks grow exponentially over two years.

Fresh and Chase’s brand sold over $10 Million in Masks within our first two years of the pandemic. Henry Masks became the go to mask for celebrities like Lebron James, Jennifer Lopez, John Legend, Barack Obama, and many more.

While leading the Henry sales team, Patrick created close to 2 Million Dollars in revenue personally for Henry. He sold masks to top brands including: LVMH, NFL’s SF 49ers, NBA’s Memphis Grizzlies, UCLA, Google, Facebook, Netflix, HBOMax, and many more.

Now that the pandemic has subsided, Patrick is very excited to continue working with: RichFresh Henry Goods

www.richfresh.com www.henrygoods.com

He and his wife are also launching their own boutique PR and marketing agency this summer. His new Sports/Hip Hop radio show will be on the radio from SD to LA this summer.

Patrick is easy to reach and would love to read your business inquiry.

Email: thepatrickhenrywilliams@gmail.com Text: 619-454-5858 Call: Don’t :) Instagram: Patrick_Henry_Williams Websites: richfresh.com henrygoods.com Patrick also still skates and raps and has some creative projects on the way...

THE COMMUNITY STAKEHOLDER LEVEL MEMBERSHIP INCLUDES THE FOLLOWING: Three (3) Small Business Memberships One Bonus Ticket Redeemable at the VIP Level to the even of your choice.

Includes (1) commemorative token of appreciation while supplies last.

THANK YOU FOR CHOOSING YOUNG BLACK & N’ BUSINESS TO GROW YOUR PROFESSIONAL NETWORK, ACCESS HIGH VALUE EXPOSURE OPPORTUNITIES, AND CREATE AUTHENTIC ENTREPRENEURIAL CONTENT! SINCERELY, THE YOUNG BLACK & N’ BUSINESS TEAM

THE COMMUNITY STAKEHOLDER LEVEL MEMBERSHIP INCLUDES THE FOLLOWING: Three (3) Small Business Memberships One Bonus Ticket Redeemable at the VIP Level to the even of your choice Includes (1) commemorative token of appreciation while supplies last

THANK YOU FOR CHOOSING YOUNG BLACK & N’ BUSINESS TO GROW YOUR PROFESSIONAL NETWORK, ACCESS HIGH VALUE EXPOSURE OPPORTUNITIES, AND CREATE AUTHENTIC ENTREPRENEURIAL CONTENT! SINCERELY, THE YOUNG BLACK & N’ BUSINESS TEAM

2023 Community Stakeholder

Entrepreneurs of all stages choose Young Black & N’ Business for their networking needs because we intentionally curate a membership body with an intense interest in growth and success. Our programs range from live Zoom Webinars livestreamed to Facebook, to black tie affair galas. As an officially recognized member you will have access to photoshoots, speaking opportunities, local media exposure, and recognition for your work in the community.

Join a networking organization led by real entrepreneurs and business owners.

INDIVIDUAL LEVEL MEMBERSHIP, $250.00 Member’s Only T- Shirt Annual Subscription to the Quarterly Manuscript 10% off General Attendee Ticket Options, Banner and Quarter Sized Ads, and Merchandise Promotions SMALL BUSINESS LEVEL MEMBERSHIP , $500.00 Small Business Member All the benefits of the Individual Level Membership 25% of VIP Attendee Ticket Options, Half Page Sized Ads, and Merchandising Sponsorships Recognition in the Online Small Business Directory as a Small Business Member Access to Private Members Only Facebook Group COMMUNITY STAKEHOLDER, $750.00 Three (3) Small Business Memberships One Bonus Ticket Redeemable at the VIP Level to the even of your choice Includes (1) commemorative token of appreciation while supplies last

YBNB SPONSORSHIP PROGRAMMING Organizations and companies with resources that benefit early and emerging entrepreneurs, or entrepreneurs from traditionally underserved communities, can trust that Young Black & N’ Business has its fingers on the pulse in the local underserved entrepreneur and small business community.

Under the leadership of Roosevelt Williams, III, a 3rd generation San Diegan, a career in local government directly serving public officials, and a commitment to community service, sponsors can ensure that Young Black & N’ Business is a trusted voice within the business community, and an advocate for traditionally underserved entrepreneurs.

OUR SPONSORSHIPS ARE DESIGNED FOR: COMMUNITY RESOURCES SMALL- MEDIUM SIZED BUSINESSES BRICK AND MORTAR BUSINESSES BENEFITS INCLUDE, BUT CAN BE CUSTOMIZED TO FIT YOUR NEEDS, SUCH AS: Recognition and inclusion in all Young Black & N’ Business promotional materials that include a quarterly manuscript, bi-weekly newsletter, website, bi-weekly virtual programming live-streamed to Facebook, in person signature events that attract local and national media attention, as well as social media pages found on LinkedIn, Instagram, and Facebook.

YBNB BIZCON 2023 RECAP

SAN DIEGO – Joann Schmidt, a health technician, and Alma Banuelos, a facilities and construction business outreach coordinator, have been named San Diego Unified School District’s Classified Employees of the Year for 2023.

Coinciding with Classified School Employee Week, May 21-27, San Diego Unified will honor the 2023 Classified Employee of the Year and Runner-Up at a celebration at UCSD’s Park & Market on Tuesday, May 23 at 5 p.m. Classified Employees of the Year from individual schools and departments will also be honored. The celebration will be hosted by UC San Diego’s Morgan Appel, Assistant Dean for Education and Community Outreach.

To help celebrate Classified School Employee Week, the district challenges San Diegans to thank a school employee who has impacted their life, either in-person or on social media platforms, using the hashtag #ThankASchoolEmployeeSD and #ClassifiedEmployeeAppreciationWeek.

“Vital, essential, and inspirational are three words that come to mind when thinking of San Diego Unified classified employees,” Superintendent Dr. Lamont Jackson said. The positive impact classified employees have on students and our district daily leaves me eternally grateful. Classified employees are the backbone of our organization; ensuring they feel appreciated year-round is as important as they are.

Congratulations to the Classified Employees of the Year; San Diego Unified’s success is a direct reflection of their tireless commitment, love, and dedication.”

The Board of Education honors classified employees each year with an event that celebrates their work in the district. This year’s event is co-hosted by North Island Credit Union.

“North Island Credit Union is honored to partner with San Diego Unified School District in this very important recognition of school employees,” said North Island Credit Union President/CEO Steve O’Connell. “We are proud to celebrate those who play a vital role in the day-to-day operations of our schools as part of our mission to serve and support the San Diego education community. We congratulate the award recipients and nominees for their outstanding work in making an essential difference in their school communities and in the achievements of their students.”

Additional sponsors of the event are California Coast Credit Union, California Schools VEBA, SchoolsFirst Federal Credit, Creation by Chelyz, M2 Video Productions, and the University of California, San Diego.

For more information on this year’s winners and on the San Diego Unified Classified Employee of the Year celebration, please visit: https://cutt.ly/2023CEOY

BIZCON 2024

WILL BE HELD AT THE SAN DIEGO CONVENTION CENTER SATURDAY, MAY 11TH!

Dignitaries, community leaders, and official Young Black & N’ Business Members will be in attendance!

EVENT INFORMATION:

Date: Saturday, May 11th Time: 9:00am- 6:00pm Location: San Diego Convention Center 111 Harbor Drive

Closing the Wealth Gap

Using Homeownership To Close The Wealth Gap In America Homeownership alone will not close the wealth gap between White and Black households, but it’s a start. While trends continue to accelerate in the wrong direction, the first step (albeit a baby step) could require more Black Americans to tear up their rental agreements and take ownership of a problem they did not create.

If you haven’t heard, the U.S. homeownership rate has increased to 65.5% in 2021, however the homeownership rate among Black Americans is lagging significantly at just 44% and has only increased 0.4% in the last 10 years.

(According to The National Association of Realtors) These numbers represent the largest Black-White homeownership rate gap in a decade. Tack on the fact that the Wealth Gap has also increased to numbers that haven’t been seen since the 1960s, and it’s easy to see that something has to change.

With limited resources and lacking financial education, minority households have a hard time getting the information they need from sources they trust. So when Homeowner Prep, a 501c3 nonprofit organization, was formed in 2017 it found success in reaching aspiring homeowners, helping them buy their first home, and teaching them how to leverage their home to create lasting generational wealth. Homeowner Prep has quickly become the go-to resource to help renters become homeowners, but it’s bigger than a house.

Clients of Homeowner Prep receive an initial consultation to get an understanding of their “why”, get assistance directly from trained financial coaches to put a game plan together, receive follow-up monthly calls, texts and emails, and receive referrals to the top credit, mortgage and real estate professionals in their local area. The services provided are all free and are necessary to see dreams come to fruition and to see real change take place in Black communities throughout the country.

The Black homeownership gap in America is not a problem that can be solved overnight. It is deeply rooted in historical injustices, systemic discrimination, and contemporary challenges.

However, by acknowledging the issue, implementing unique services, and actively working to create equitable opportunities, we can take significant steps toward bridging this divide and ensuring that homeownership remains a dream attainable for all Americans, regardless of their racial or ethnic background.

If you would like to transition from renting to owning, reach out to Homeowner Prep directly by texting the word START to (619) 848-3700 or visit www.homeownerprep.com/start to book your free consultation.

YBNB FORTUNE 500 FRIDAY Fortune 500 Friday is a bi-weekly live zoom webinar live streamed to Facebook membership meeting that features special guests such as dignitaries, industry experts, community leaders and spotlights our new members. Each Fortune 500 Friday is hosted and moderated by the Young Black & N’ Business C-Suite. If you are a new member, this is your opportunity to connect directly with the C-Suite all at once.

JOIN THE LIVE ZOOM WEBINAR OR WATCH US LIVE ON FACEBOOK! TEXT “F500F” TO (619)215-5222 TO SUBSCRIBE TO FORTUNE 500 FRIDAYS!

THANK YOU TO OUR SPECIAL GUESTS!

NEW MEMBER INTERVIEW:

Nina Cicolo My name is Nina Cicolo. I have been a fashion designer for 17 years. I am from Brazil and based in San Diego. I was invited to showcase my Latin Blood collection at the 2nd Annual Gold & Black Gala. After that, I joined YBNB! Last year, I worked hard on that collection for ten months. I made all the looks by myself, and there was a thought that I couldn’t get out of my mind “There is a time to plant, and there is a time to harvest.”

Little did I know that I would really harvest all the work planted and be voted as first place top designer at Fashion Week San Diego, close Orange County Fashion Week and was published and interviewed for magazines and TV shows.

With this thought in mind, I started to sketch the collection Plant and Harvest. That’s the runway collection that I am working on this year. It is about starting over, keeping going, even after storms, to flourish and enjoy the fruits of labor.

I hope to contribute to the growth of the fashion industry in San Diego! More exciting news is on the way! I will exhibit a dress inspired by a painting at Sotheby’s Museum in New York in July. I will also have a runway show at Fashion Week in San Diego in October. An accessible streetwear collection is coming soon.

Follow me to see my process or reach me out for custom-made dress on Instagram @ninacicolo OR www.ninacicolo.com PHOTOGRAPHY: George Arguelles MODELS: Sydney Hamm, Ana Carolina Rodrigues, Sawyer Haldeman

YBNB NEW MEMBER INTERVIEW

LEEANN DAVIS

What is the biggest problem your product solves for your customer?

We create custom branded apparel and swag for companies who want to elevate their brand.

What has your customer described as the biggest value your product brings to your customer?

Promoventures creates quality, quick-turn branding solutions.

Before your customer found you as a solution, how were they handling or solving this issue and or problem? searching for impersonal online companies out of the area Does your customer spend time on social media?

If so, on what platforms?

Company, Business, or Organization Listed as a Partner: Promoventures, Inc. Company, Business, or Organization Website: promoventures.com Company, Business, or Organization Instagram Name: instagram.com/promoventures Company, Business, or Organization Facebook Page: facebook.com/Promoventures Company, Business, or Organization on LinkedIn: linkedin.com/company/425612/admin/ Advertising/Content Creation

yes. Linked In, Instagram, Facebook How would you describe the pricing of your product compared to other similar products?

Higher cost From what your customers have said, what was the reason they decide to choose your product? we have a holistic approach to branding and work with budget and timeline to get the most value for our clients.

What would you like your customers to know about you, your company, or organization that they otherwise wouldn’t know? Such as community service work or community development initiatives? we are excited to offer more sustainable and eco-friendly solutions and are proud to partner with local organizations to build a stronger community

T H E 3 R D A N N UA L

Young Black & N’ Business Black & Gold Gala The 3rd Annual Young Black & N’ Business Black & Gold Gala will be held at Sycuan Casino and Resort, Sunday, December 3rd, from 4:00pm-7:00pm. This black tie affair rewards and recognizes local dignitaries, community stakeholders, and Young Black & N’ Business members that have made an impact in the community.

This signature event is highly attended and consistently attracts local and national media attention. We thank the LA Times for their commitment and support to ensuring underserved and diverse entrepreneurs get the exposure they need.

Event Information: Date: Sunday, December 3rd Time: Doors open at 4:00 PM, event concludes by 7:00 PM Location: Sycuan Casino and Resort 5469 Casino Way, El Cajon, CA 92019 Information regarding special room pricing: Individuals can call the Sycuan Reservations line at 1-619-445-6002 and mention they are with the Young Black & N’ Business Luncheon to receive the discounted rate.

Guests have up until November 3rd to reserve a room at the discounted rate. After November 3rd, rooms will be released from the block and will be based on availability. Scan the QR Code to receive the discounted room rate provided by Sycuan.

Pricing for the Black & Gold Gala: General Admission to the Gala: Individual General Admission: $125

• • • • • • • • •

One single ticket to the sit down dinner VIP General Admission: $200 Two single tickets to the sit down dinner Sponsored Table for 10, $2000 Includes 10 individual tickets to the sit down dinner Full page ad recognition in the program manual Recognition and inclusion in the back drop Recognition in the digital program Recognition in the live programming during the event by the choice of the sponsor (options include but are not limited to a 3 minute video, or 5 minute speaking opportunity

Recognition in the Special Edition Print Program Book Full Page Ad- $500.00 • Includes one full page feature in the Young Black & N’ Business Black & Gold Special Edition Print Manuscript/ Program Book • Includes VIP General Admission Half Page Ad- $400 • Includes one half page feature in the Young Black & N’ Business Black & Gold Special Edition Print Manuscript/ Program Book • Includes one one single ticket to the sit down dinner Quarter Page Ad- $300 • Includes one half page feature in the Young Black & N’ Business Black & Gold Special Edition Print Manuscript/ Program Book • DOES NOT include a ticket to the sit down dinner Scan the QR CODE to purchase your tickets NOW!

Business Deductions 101 Business Use of Your Car

Business use of your car: If you use your car exclusively in your business, you may be able to deduct car expenses. If you use your car for both business and personal purposes, you must divide your expenses based on actual mileage.

Generally, commuting expenses between your home and your business location, within the area of your tax home, are not deductible.

You can deduct actual car expenses, which include depreciation (or lease payments), gas and oil, tires, repairs, tune-ups, insurance, and registration fees.

Or, instead of figuring the business part of these actual expenses, you may be able to use the standard mileage rate to figure your deduction. For 2023, the standard mileage rate is 65.5 cents per mile for a business.

If you are self-employed, you can also deduct the business part of interest on your car loan, state and local personal property tax on the car, parking fees, and tolls, whether or not you claim the standard mileage rate.

This is not financial, tax, or legal advice. So, speak with a business, tax, or legal professional about your specific situation.

Questions? ybandnb@gmail.com to get connected with a professional today!

WWW.JOINYBNB.COM

BUSINESS DEDUCTIONS 101 RENT VOL. 3

HOME OFFICE DEDUCTION Rent on your home. If you rent your home and use part of it as your place of business, you may be able to deduct the rent you pay for that part. You must meet the requirements for business use of your home.

Business use of your home. If you use part of your home for business, you may be able to deduct expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation.

To qualify to claim expenses for the business use of your home, you must meet both of the following tests.

1. The business part of your home must be used exclusively and regularly for your trade or business.

2. The business part of your home must be: Your principal place of business; A place where you meet or deal with patients, clients, or customers in the normal course of your trade or business; or A separate structure (not attached to your home) used in connection with your trade or business

This is not financial, tax, or legal advice. So, speak with a business, tax, or legal professional about your specific situation.

WWW.JOINYBNB.COM

Quessons?

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Generally, rent paid for use of property in your trade or business is deductible in the year paid or incurred.

If you are a cash method taxpayer, you may deduct the entire amount of rent you paid in advance in the year of payment if the payment applies to the right to use property that does not extend beyond the earlier of 12 months after the first date you have the right to use the property or the end of the tax year following the year in which you paid the advance rent.

If your payment applies to the right to use property beyond this period, then you must capitalize the rent payment and deduct it over the period to which it applies.

For Example, you are either a cash or accrual calendar year taxpayer. Last January, you leased property for 3 years for $6,000 per year. You pay the full $18,000 (3 x $6,000) during the first year of the lease.

Because this amount is a prepaid expense that must be capitalized, you can deduct only $6,000 per year, the amount allocable to your use of the property in each year.

This is not financial, tax, or legal advice. So, speak with a business, tax, or legal professional about your specific situation.

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It all depends on your accounting method. An accounting method is a set of rules used to determine when and how income and expenses are reported. The two basic methods are the cash method and the accrual method. Whichever method you choose must clearly reflect income.

CASH METHOD Under the cash method of accounting, you generally deduct business expenses in the tax year you pay them.

ACCRUAL METHOD Under the accrual method of accounting, you generally deduct business expenses when both of the following apply.

1. The all-events test has been met. The test is met when: a. All events have occurred that fix the fact of liability, and b. The liability can be determined with reasonable accuracy.

2. Economic performance has occurred.

Economic performance. You generally cannot deduct or capitalize a business expense until economic performance occurs. If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided, or the property is used. If your expense is for property or services you provide to others, economic performance occurs.

This is not financial, tax, or legal advice. So, speak with a business, tax, or legal professional about your specific situation.

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Business Deduction Series

Generally, you can deduct the full amount of a business expense if it meets the criteria of ordinary and necessary and it is not a capital expense Recovery of amount deducted (tax benefit rule). If you recover part of an expense in the same tax year in which you would have claimed a deduction, reduce your current year expense by the amount of the recovery. If you have a recovery in a later year, include the recovered amount in income in that year. However, if part of the deduction for the expense did not reduce your tax, you do not have to include that part of the recovered amount in income.

Payments in kind. If you provide services to pay a business expense, the amount you can deduct is limited to your out-of-pocket costs. You cannot deduct the cost of your own labor.

Limits on losses. If your deductions for an investment or business activity are more than the income it brings in, you have a loss. There may be limits on how much of the loss you can deduct.

Net operating loss (NOL). If your deductions are more than your income for the year, you may have an NOL. You can use an NOL to lower your taxes in other years This is not tax or legal advice. It's important to note that tax laws and regulations can vary, so it's always a good idea to consult with a tax or legal professional for specific guidance tailored to your situation.

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