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$8 Million Coming To East Oakland Small Businesses Friday Morning - CA Capital In The Community Act

$8 Million Coming To East Oakland Small Businesses Friday Morning - CA Capital In The Community Act - Video

$8 Million Coming To East Oakland Small Businesses Friday Morning Via CA Capital In The Community Act Oakland, CA – Following the closure of nearly 500 local businesses since the start of the pandemic, the approved “California Capital in the Community Act” is set to deliver $8 million to East Oakland entrepreneurs. In celebration of this incredible win for East Oakland, State Senator Nany Skinner, District 6 Councilmember Loren Taylor, and ESO Ventures are providing checks to the first four businesses benefitting from the new capital program. Given the structural barriers many Black and Brown entrepreneurs face when pursuing traditional sources of capital, the increased funding into ESO and buildout of a loan program will make the dream of entrepreneurship more accessible. WHO: CA State Senator Nancy Skinner, District 9 Councilmember Loren Taylor, District 6 Alfredo Mathew III, Partner at ESO Ventures Ben Wanzo, Partner at ESO Ventures Martha Hernandez, Partner at ESO Ventures Dr. David Johnson, President of Merritt College Juma Crawford, Executive Director of Oakland Fund for Public Innovation Kee Conti, CEO of Total Infusion Jazmin Villalta, Co-Owner of Cocina Del Corazon Jerry Bailey, CEO of Ayaba Wines Joel McGill, CEO of McWoods Distribution Patricia Ellis, CEO of Weekend Mobile Notary WHAT: ESO Ventures will hand out checks to their first four capital investments: Ayaba Wines, Concina De Corazon, McWoods Distribution and Weekend Mobile Notary. Following the press conference, we will also have a celebratory ribbon cutting for Total Infusion, an ESO business that opened their first clinic at Eastmont Mall. WHEN: Friday, August 20, 9:30 a.m. (Gates open at 9:00am) WHERE: Liberation Park, 7101 Foothill Blvd. Oakland CA, 94605
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