The City of Oakland released its 2018-2020 Economic Development Strategy with a strong focus on entrepreneurship to build wealth in local communities of color. To support the strategy’s desired racial equity outcomes, The Greenlining Institute founded the Small Business Advisory Group, a roundtable comprised of local small business leaders committed to advancing the needs of Oakland’s entrepreneurs of color. Members include technical assistance providers, community lenders, ethnic chambers, and small business advocates.
With the goal of fostering a healthy and more inclusive small business ecosystem that allows entrepreneurs of color to thrive, the Small Business Advisory Group has developed a menu of recommendations designed to help the city of Oakland achieve the ambitious racial equity and small business goals included in its 2018-2020 Economic Development Strategy. We hope these recommendations will be useful for Oakland Mayor Libby Schaaf, city councilmembers, the Economic and Workforce Development Department, and Oakland’s local business community, and offer our partnership for implementation.