$ eight Million for Small Companies in East Oakland Friday Morning – CA Capital In The Group Act | Oakland Information now

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Oakland News Now – $ 8 Million for Small Businesses in East Oakland via CA Capital In The Community Act – Video from YouTube channel in the upper left corner of the video.

$ 8 million will be made to small businesses in East Oakland through CA Capital in the Community Act Friday morning

Oakland, CA – After the shutdown of nearly 500 local businesses since the pandemic began, the approved California Capital in the Community Act is set to deliver $ 8 million to entrepreneurs in East Oakland. To celebrate this incredible win for East Oakland, State Senator Nany Skinner, District 6 Councilor Loren Taylor, and ESO Ventures are writing checks to the first four companies to benefit from the new capital program. Given the structural barriers many black and brown entrepreneurs face in finding traditional sources of capital, increased funding from ESO and the expansion of a loan program will make the dream of entrepreneurship more accessible.

THE:

California State Senator, Nancy Skinner, District 9
Councilor Loren Taylor, District 6
Alfredo Mathew III, partner at ESO Ventures
Ben Wanzo, partner at ESO Ventures
Martha Hernandez, partner at ESO Ventures
Dr. David Johnson, President of Merritt College
Juma Crawford, executive director of the Oakland Fund for Public Innovation
Kee Conti, CEO of Total Infusion
Jazmin Villalta, co-owner of Cocina Del Corazon
Jerry Bailey, CEO of Ayaba Wines
Joel McGill, CEO of McWoods Distribution
Patricia Ellis, CEO of Weekend Mobile Notary

WHAT: ESO Ventures will deliver checks to their first four investments: Ayaba Wines, Concina De Corazon, McWoods Distribution and Weekend Mobile Notary. Following the press conference, we will also host a ribbon cutting ceremony for Total Infusion, an ESO company that has opened its first clinic in the Eastmont Mall.

WHEN: Friday, August 20, 9:30 a.m. (doors open at 9:00 a.m.)

WHERE: Liberation Park, 7101 Foothill Blvd. Oakland CA, 94605

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