Economic Recovery: Moving from Exclusion to Access and Opportunity for Black, Indigenous, People of Color (BIPOC) owned Small Businesses
December 10 @ 12:00 pm - 1:30 pm
Join us to hear from some of California’s leading organizations doing groundbreaking work to support the state’s diverse small businesses as they struggle to survive COVID’s economic impacts. Community Development Financial Institutions, community based lenders, advocates, and other community based organizations are finding innovative ways to support BIPOC small businesses. Come hear from leaders in the field about the best practices, discuss how we can get to scale, and contribute to the conversation to support California’s small businesses.
BIPOC owned small businesses have had less access to affordable credit and financial services due to structural racism baked into the banking system, this has resulted in less access to the PPP loan program, a lifeline for small businesses in the early days of the pandemic. The result? The New York Federal Reserve found that 41% of Black-owned businesses across the country shut down between February and April, about 32% of Latino businesses and 26% of Asian businesses shut down over the same time span, compared to 17% of white businesses during the same period.
It takes an ecosystem of changemakers to shift the current reality of financial exclusion and extraction to one of access and opportunity for Black, Indigenous, and other People of Color owned small businesses. Join us for this important conversation.
Executive Director of Access Plus Capital
Tate Hill previously served as Senior Manager of Administration, Director of Administration and Interim CEO leading fund development, strategic initiatives, and administrative functions. Tate Hill has helped raise over $14 million in loan and grant funds, spearheaded the rebranding of Access Plus Capital, and brought on much-needed systems for sustained growth. What started as a program of Fresno EOC to help small refugee farmers in Fresno County, it has grown to provide capital to small and underserved businesses in a 14-county region throughout Central California. Hill has been an integral part of this expansion.
Senior Associate, Economic Development Initiatives of Inclusive Action for the City
Maribel is a Senior Associate of Economic Development at Inclusive Action. She is currently managing Inclusive Action’s Semi’a Fund program. Maribel was raised in Central Los Angeles and has experience in the fields of education and accounting. She has worked extensively in the accounting sector in businesses that assisted entrepreneurs with start-up businesses. Maribel holds a Master’s Degree in Public Policy from USC and a B.S. in Political Economy, Spanish and Portuguese Literature from UC Berkeley.
Co-founder / General Partner of the Oakland Black Business Fund
Oakland native and entrepreneur with 20 years experience in technology, media, real estate, and impact investing. Founder of Oakstop, a community real estate platform, supporting entrepreneurs and creatives of color with coworking, event space, and business support services.