Grant Overview
Donor: East Bay Community Foundation
About: The Oakland Small Business Resiliency Fund is an initiative by the East Bay Community Foundation (EBCF) aimed at supporting diverse small businesses with a physical presence in Oakland. This fund provides a one-time grant to boost the resiliency of Oakland’s small businesses, helping them withstand and recover from economic and community safety challenges. The program is part of EBCF’s vision for an inclusive and just economy, where all East Bay residents have the economic power to thrive. Small businesses, which are crucial for job creation, economic stability, and community vibrancy, often face significant challenges such as safety issues, hiring shortages, and barriers to accessing low-cost capital. The fund specifically targets businesses owned by entrepreneurs of color, women, non-binary, and transgender individuals, who often face additional barriers.
This grant opportunity is a great initiative for small businesses in Oakland. If you’re a small business owner in Oakland, consider applying for this fund to enhance your business’s resiliency. Grantaura can assist you in finding relevant grants, preparing necessary documents like business plans and financial projections, and submitting applications on your behalf. Our services also include crowdfunding and other support to help your business thrive.
Focus: Small business support, economic resiliency, community development, job creation, entrepreneurship, diversity, and inclusion.
Region: Oakland, California
Eligibility:
– Small businesses with at least $50,000 in gross annual revenue.
– Businesses must provide goods and/or services at a storefront, pop-up, or other physical location in priority neighborhoods in Oakland for at least 2 years. Priority neighborhoods include commercial districts in East Oakland, Eastlake, Fruitvale, West Oakland, and parts of Downtown.
– Ownership must represent the diversity of Oakland, including Black, Indigenous, Latine, Asian & Pacific Islander, South Asian, Southwest Asian, and North African (SSWANA), women, transgender, and non-binary individuals.
– Businesses must be experiencing financial hardship due to community violence, such as vandalism, difficulty accessing financing or repaying debt, increased costs of doing business, or other economic challenges.
– Must not have previously received funding from the Oakland Small Business Resiliency Fund.
Benefits: Grants ranging from $5,000 to $25,000
Deadline: Ongoing
Terms:
– EBCF: East Bay Community Foundation, the organization managing the Oakland Small Business Resiliency Fund.
– Priority neighborhoods: Specific commercial districts in Oakland identified for their economic needs and potential impact, including East Oakland, Eastlake, Fruitvale, West Oakland, and parts of Downtown.
– Diverse ownership: Business ownership that reflects the demographic diversity of Oakland, including various ethnicities, national origins, and gender identities.
– Financial hardship: Economic challenges faced by businesses, such as vandalism, difficulty accessing financing, increased operational costs, or other financial struggles.
