Structural racism, economic exclusion, occupational segregation, and other policies and practices have denied communities of color the opportunity to build wealth and achieve economic security for generations. Small businesses have long been one of the few ways people of color, women, and immigrants have been able to build wealth in the United States, and are one of the key strategies to closing the racial wealth gap in America. Despite this, Black people own fewer than 2 percent of small businesses with any employees in the nation while making up 13 percent of the country’s population. Starting, growing, and sustaining a small business is more difficult for people of color due to historic discrimination & racism, despite being one of the few pathways to true economic security available. These pre-existing barriers have been exacerbated by the pandemic and an uneven economic recovery.
With the passage of the American Rescue Plan Act, Inflation Reduction Act, and other Federal spending bills, the Federal government has given states billions of dollars that can be used to help small businesses. This funding, coupled with philanthropic investments could drive both a more equitable economic recovery and progress towards meaningful economic security for BIPOC communities and ultimately help close the racial wealth gap.
Join us for a conversation to:
● Discuss how Federal funding can be used to achieve a truly equitable recovery for BIPOC communities;
● Explore the ecosystems and supports that currently exist for small businesses, and those needed to reach and support BIPOC-owned businesses;
● Learn how philanthropy, in partnership with communities, can help drive an equitable recovery and ensure government spending gets to the people who need it most.
+ Christa Brown / San Francisco Foundation
+ Christine Tien / Institute for Local Government
+ Mona Masri / Asset Funders Network
+ Mike Russo / Catalyst California
+ Trevor Parham / Oakstop and Oakland Black Business Fund
Sponsored, funded and hosted by:
If you are a grantmaker, you're invited to join us after the webinar to share your reflections, engage with other funders, and discuss future opportunities for learning + action in California. Please follow the link above to receive a separate invite with details.
When registering, please use the same email address that you use to receive SPUR emails.
Sponsorship payments: Will not be refunded, as sponsorship benefits take effect immediately and are on-going through the date of the event.