By JPMorganChase

With support from ICA Fund and JPMorganChase, founder Courtney Smith is strengthening his supply chain, creating jobs and expanding local production, and positioning the Oakland-born brand for long-term growth

When Courtney Smith founded Courtsmith in Oakland in 2014, he was building more than an athletic apparel company. A lifelong basketball enthusiast, Smith saw an opportunity to create performance wear that reflected the culture of the game—its style, community and sense of belonging.

From the beginning, Courtsmith was rooted in the idea that basketball is not just a sport, but a lifestyle and a community. The brand set out to make athletes look and feel good on and off the court while building partnerships that give athletes a stake in the products and stories they help shape.

“As Courtsmith grew, scaling wasn’t just about selling more—it was about building the infrastructure to deliver consistently, with a strong supply chain and production process,” said Courtney Smith, founder of Courtsmith. “We needed the right kind of capital and partners to help us expand without losing the Oakland authenticity that made us who we are.”

As the company grew, Smith faced a common challenge for small businesses: maintaining quality, reliability and authenticity of products while scaling—and having the resources to do so. The next move was not simply about expansion; it was about building the infrastructure to last.

That is where ICA Fund—a Bay Area impact investor, small business support organization and long-time partner to Courtsmith—came in. ICA’s relationship with Smith began in 2017 through its Growth Strategies advising program, and over time, the organization paired mentorship, technical assistance and capital to help the company grow with intention. More recently, philanthropic support from JPMorganChase helped ICA expand the range of capital products it can offer entrepreneurs like Smith, including options designed for companies that are ready to scale but may not be a fit for traditional debt products or equity investments.

“Too many great businesses stay stuck small without access to fair and flexible capital— ICA Fund’s role is to change that,” said Allison Kelly, CEO of ICA Fund. “With support from JPMorganChase, we’re able to provide founder-friendly financing alongside long-term partnership, giving entrepreneurs the tools they need to grow stronger businesses that create opportunity in their communities.”

The right kind of capital for a new stage of growth

ICA recently provided Courtsmith with a loan to help it buy a local manufacturing business, a major step toward bringing more of its production process closer to home, strengthening its supply chain, reducing costs, continuing its growth and creating local jobs.

The transaction also marked a milestone for ICA: the first time the organization approved capital for a merger-and-acquisition transaction. It reflects a broader expansion of the financing options it offers, supported by JPMorganChase’s American Dream Initiative, which aims, in part, to help power 10 million small businesses—up from seven million today—over the next several years with the capital, coaching, tools and practical policy support they need to thrive. It’s also an example of the kind of tailored support—delivered through trusted local pathways and the firm’s own relationships—that JPMorganChase provides to small businesses in the Bay Area, including our more than 295,000 small business clients.

“Small businesses are the backbone of our economy, and Courtsmith’s story shows how access to the right capital at the right time can unlock growth,” said Gwyneth Galbraith, Vice President for Global Philanthropy at JPMorganChase. “By supporting organizations like ICA Fund, we’re helping expand access to the kinds of financing and guidance entrepreneurs need to strengthen operations, create jobs and build lasting businesses across the Bay Area.”

Building with staying power

For small businesses, access to financing that fits their stage of growth can determine whether expansion is sustainable. A one-size-fits-all approach does not always work for companies with distinct cash-flow cycles, customer demand and operational needs. In Courtsmith’s case, the ICA loan gave the company a path to invest in its future while preserving the founder’s vision and control—and reflected the kind of flexible financing JPMorganChase is helping expand through its support of local community and mission-driven lenders.

Courtsmith’s trajectory reflects that momentum. The company reports that revenue grew 259% from 2021 to 2025, while its workforce expanded from four employees in 2017 to 13 in 2025, including growth in full-time roles from one to 11.

Behind those numbers is a company deepening its roots in Oakland through local partnerships, community presence and a model built to last.

“Courtsmith is about Oakland, representing the culture that raised us and creating opportunity for the next generation,” said Smith. “With ICA Fund and JPMorganChase in our corner, we can keep turning that mission into something people can see and feel in our community.”

Courtsmith’s next chapter is still being written, but the path is clearer: a founder-led brand with deeper local production capacity, a stronger supply chain, and a larger role in Oakland’s small business economy.

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It is a well-established fact that the Black Press is and always has been the “Trusted Messenger” of the Black community. With that being said, it is also very interesting that when many political organizations and donors decided to support Voter Registration and Get Out The Vote, those donors gave their dollars predominantly to Black organizations like the Urban League, the NAACP, the League of Voters, and other nonprofit groups. Those groups will prepare and send out press releases about such voter participation efforts since Black people were responsible primarily for the Voting Rights Act of 1965.

What is most interesting is that those press releases rarely find their way onto CNN or the major news networks. Those press releases and calls to Black voter participation are carried in the Black Press. However, the dollars that support those press releases being written, nor the ads that carry the message of those releases, reach the Black Press. Historically, the dollars behind those messages do not find their way to the very Black Press that carries those messages. 

Now, as we approach one of the most important Midterm elections in the history of this nation, it appears that, once again, the Black Press will be expected to carry the message about voter turnout, while political and campaign dollars go to the White mainstream media. 

Those who are spending the billions of dollars that will go to Campaign Finance appear to have forgotten that elections are won and lost on a single vote. 

Now is the time to remind the candidates, the political Initiatives and Propositions that will appear on the ballots across this nation, that the Black Vote must not be taken for granted. It does not belong to any particular political party or interest group. It can not be judged by whether it exists in a Blue or Red State. 

The Democrats, Republicans, Independents, and supporters of Initiatives should not assume that our votes are unimportant. 

Elections are won on a single vote. 

The United States Supreme Court in Reynolds vs. Sims, 1964. That case established the ‘One Person, One Vote” rule. The rule in that case made it mandatory to base legislative seats on population within districts rather than on geography, and guaranteed Equal Protection coverage under the Fourteenth Amendment to the Constitution. 

That principle has not been abolished, and neither should we act as if our one vote does not count. Let us not forget our own values, and we look toward the Midterm elections. The “Trusted Messenger” can make the difference.

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