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Small business owners from the Sacramento area gathered Wednesday at the U.S. Small Business Administration office in Citrus Heights for a workshop organized by U.S. Rep. Doris Matsui's office. For two hours, more than 30 business owners such as Michael Kyalwazi met with representatives from a dozen lenders and resource organizations. Entrepreneurs like him were drawn there for one thing: finding financing in this troubled economy. "It's sad so much money is flying out there but it's not reaching small businesses, which are the engine that drives the economy," he said. Kyalwazi worked his way up the ladder at La Bou Bakery & Cafe. He started as a floor sweeper and, over 20 years, became
Sacramento City Councilwoman Lauren Hammond did not like what she read on the list. At Tuesday night’s City Council meeting, Hammond was scanning a list of property owners that owe the city money for fees and fines related to housing code violations. “There are so many bank-owned properties on this list,” Hammond said. Banks that have not paid the city for violations at properties include heavy-hitters such as Wells Fargo Bank, Wachovia Bank and Bank of New York. Many properties owned by individuals are also on the city's list. The city needs to examine how it can require banks to take care of properties in the same way that real estate agents do, she said. The City Council approved