Oakland Black Business Fund finds corporate partners and issues grants

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After the Black Lives Matter movement a year ago, the Oakland Black Business Fund launched an ambitious plan to raise venture funding for the Black economy in the Bay Area and across the nation. It didn’t succeed in raising that fund so far.

But the group has still made progress in finding Bay Area companies and financial institutions to support Black-owned businesses. Those partners include the Community Bank of the Bay, Clover, Fiserv, Square, Target, and Xero. They’re offering customized programs to boost the Black economy and help small businesses get off the ground. They’re already making a difference in providing valuable support for businesses.

In addition to donating to OBBF’s grant program, each partner has committed to offering additional services to OBBF’s portfolio of Black-owned businesses. Oakland Black Business Fund redefines capital deployment…

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