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100 Diverse-Owned Oakland Businesses Could Receive a $10,000 Grant from Comcast

Black, Indigenous, Hispanic and Asian American small business owners in Oakland can apply for a $10,000 grant from the Comcast RISE Investment Fund, which will issue 100 grants for a total of $1 million.

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Comcast RISE/Courtesy of Comcast

Black, Indigenous, Hispanic and Asian American small business owners in Oakland can apply for a $10,000 grant from the Comcast RISE Investment Fund, which will issue 100 grants for a total of $1 million.

To be eligible for the grant, businesses must:

• Have established business operations for 3 or more years

• Have one to 25 employees

• Be based within Oakland, California city limits

The Investment Fund is the latest extension of Comcast RISE – which stands for Representation, Investment, Strength, and Empowerment – a multiyear, multi-faceted initiative launched in 2020 to provide people of color-owned small businesses the opportunity to apply for marketing and technology services from Comcast Business and Effectv, the advertising sales division of Comcast Cable. If a business is not eligible for the Comcast RISE Investment Fund, applications are also open for marketing and technology services. In fact, 228 businesses in California have been selected as Comcast RISE recipients.

“Like many others, my small business was impacted by the pandemic. Thanks to the Comcast RISE program, I can reach new audiences,” said Judi Townsend, owner of Mannequin Madness and Oakland resident. She has benefited from the program twice, once with the production and placement of a TV commercial and then with a technology makeover.

“The application process was much more straight forward than other grants. I encourage my fellow eligible business owners to apply for the grant and the other benefits.” To help drive outreach and awareness about Comcast RISE and provide additional support, training and mentorship, Comcast has also awarded a $50,000 grant to the Oakland Metropolitan Chamber of Commerce.

“The economic effects of the global pandemic have been felt worldwide, including significant impacts here in Oakland,” said Barbara Leslie, President & CEO, Oakland Metropolitan Chamber of Commerce. We know that our small, local, woman-owned and Black, Indigenous and People Of Color businesses – who are responsible for creating the beautiful tapestry we call home – have been disproportionately impacted by COVID. We applaud Comcast’s vision, through the Comcast RISE Investment Fund, to ensure that small businesses that exist today can be a part of Oakland’s economic and social fabric both tomorrow and for many years to come.”

Comcast RISE is part of a larger $100 million Diversity, Equity and Inclusion initiative that Comcast launched last year. In June 2020, Comcast NBCUniversal announced the development of a comprehensive, multi-year plan to allocate $75 million in cash and $25 million in media over the next three years to fight injustice and inequality against any race, ethnicity, gender identity, sexual orientation or ability.

Grant recipients will also receive a complimentary 12-month membership to the coaching program from Ureeka, an online platform for entrepreneurs, to help them build skills, gain more customers and become financially stable. Eligible businesses can apply online at www.ComcastRISE.com from October 1 through October 14, 2021 for one of the 100 $10,000 grants. More information and the applications to apply for either the grant program or the marketing and technology services are available at www.ComcastRISE.com.

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Oakland Post: Week of June 12-18, 2024

The printed Weekly Edition of the Oakland Post: Week of June 12-18, 2024

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Business

Newsom Admin Takes Steps to Stabilize California’s Troubled Insurance Market

As growing numbers of Insurance companies announce plans to exit California’s insurance market — or cancel customers’ policies — Gov. Gavin Newsom says his administration is taking steps to reverse the trend. Speaking during a news briefing on May 31, Newsom highlighted the plan, which was unveiled as part of a trailer bill on May 28.

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By California Black Media

As growing numbers of Insurance companies announce plans to exit California’s insurance market — or cancel customers’ policies — Gov. Gavin Newsom says his administration is taking steps to reverse the trend. Speaking during a news briefing on May 31, Newsom highlighted the plan, which was unveiled as part of a trailer bill on May 28.

Newsom said the proposal speeds up approvals for rate increases and addresses rising costs resulting from incidents like wildfires. Newsom said, under his plan, the Department of Insurance will be required to decide and respond to rate increase requests within 120 days. The plan also calls for streamlining the process for filing for increases; builds in two 330-deay extensions for finalizing rate changes; and provides room for insurers to appeal decisions.

“We need to stabilize this market,” Newsom said. “We need to send the right signals.

Proponents, mainly insurance industry representatives like the Personal Insurance Federation of California, are praising the Governor’s actions while consumer advocates warn that the plan is a threat to public intervention rights California’s Prop 103, a 1988 state law adopted to protect state residents from “arbitrary insurance rates and practices.”

Insurance Commissioner Ricardo Lara thanked Newsom for backing his office’s plan.

“To safeguard the integrity of the insurance market – composed of consumers, homeowners, and business owners – we must fix a system suffering from decades of deferral and delay,” said Lara in a statement. “This measure is one of several parts of a comprehensive plan to enact long-overdue regulatory reforms. The Legislature can do its part to support my reforms by giving this proposal a fair and full consideration, including public input. By enacting this important part of our strategy in statute, the Legislature can help us meet the urgency of the moment.

Lara is working on a longer-term strategy to shore up the insurance market that is expected to be released in December.

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Oakland Post: Week of June 5 – 11, 2024

The printed Weekly Edition of the Oakland Post: Week of June 5 – 11, 2024

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