Oakland Black Business Fund Grant Opportunity

Donor: Oakland Black Business Fund

About: The Oakland Black Business Fund (OBBF) is a Black-led grantmaking program that provides capital, technical assistance, and growth strategies to Black businesses in Oakland, California. The program was established in response to the disproportionate closure rates of Black businesses during the COVID-19 pandemic, highlighting the long-standing lack of capital access for these businesses. OBBF aims to build economic resilience for Black businesses and position them to attract ongoing funding from government, private, or institutional sources. By focusing on Oakland, the fund seeks to strengthen the local economy by revitalizing Black-owned businesses.

The OBBF offers a unique approach to technical assistance by pairing Black businesses with Black technical assistance providers. These providers, who are also local small business owners, add value to the businesses while earning income from the fund. This approach fosters a sustainable ecosystem of Black businesses, as the technical assistance providers can also apply to the program to stabilize their own businesses.

The primary goal of the OBBF is to ensure that all Black-owned small businesses in Oakland have access to essential technical assistance. The fund connects grantees with a network of core service providers and professional partners to enhance the viability of these businesses. This support is crucial for helping Black entrepreneurs thrive as leaders in the local economy.

As a visitor of this page, you can get advantage of Grantaura’s services which include but are  not limited to:
A. Grant research to find grants that are relevant and according to the eligibility criteria of your business
B. Documents writing like business plan, financial planning, project plan, LOIs, pitch deck, etc.
C. Application submission on your behalf
D. Crowdfunding, and other relevant services.

Focus: Black Entrepreneurship, Community Development, Economic Resilience, Business Growth

Region: Oakland, California, USA

Eligibility:
-Businesses must be Black-owned
–The businesses shall be in Oakland, California
-Businesses must demonstrate a need for financial support and technical assistance
–Business owners must be residents of California
-Businesses must have gross annual revenue of less than $1 million.
-Businesses should be community-focused and contribute to the local economy.

Benefits:
-Capital infusion to support business operations and growth
-Technical assistance from Black service providers
-Access to growth strategies and ongoing support
-Networking opportunities with core service providers and professional partners

Terms:
-OBBF: Oakland Black Business Fund, a Black-led grantmaking program providing capital, technical assistance, and growth strategies to Black businesses in Oakland.
-Black Entrepreneurship: The development and support of businesses owned and operated by Black individuals, focusing on economic empowerment and community development.
-Technical Assistance: Expert support and resources provided to businesses to enhance their operations, growth, and sustainability.
-Economic Resilience: The ability of businesses to withstand and recover from economic challenges, maintaining stability and growth over time.
-Grantmaking: The process of awarding financial grants to businesses or individuals to support specific projects or initiatives.