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Chase Bank Executive Reveals Ways Bank Supports Black Community

In 2020, [JP Morgan] Chase announced its $30 billion racial equity commitment, a five-year plan that includes assisting entrepreneurs in historically underserved areas to access coaching, technical assistance and capital. Chase has also provided 15,000 loans to small businesses in diverse communities.

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Myesha Brown. Photo courtesy of JPMorgan Chase.
Myesha Brown. Photo courtesy of JPMorgan Chase.

Honoring Black Achievement and Doubling Down on the Work to be Done During Black History Month and Beyond

February is Black History Month – an annual commemoration of the achievements of Black Americans and their remarkable impact on history. It’s a time to celebrate the cultural heritage shaped by generations of Black Americans, who for many decades have fought for equity – a fight that continues today.

Though advancements have been made, there is still so much work to be done in our communities in the pursuit of racial equity. For more on how JPMorgan Chase is honoring Black History Month, and how you can too, we sat down with Myesha Brown, Oakland Community Manager from the branch at 3005 Broadway, to discuss some impactful ways to celebrate and support the Black community, not just this month – but all year long.

Oakland Post: What type of investments is Chase making to bolster the financial health of its Black customers and communities?

Brown: Let’s first talk about Black History Month. We’re committed to driving real and sustainable change for the Black community here at Chase and around the world. We’re using this time to both reflect on the past, aswell as our commitment to build a more equitable future for all people.

From the way we do business to the policies we advocate for, our commitments are part of a continued effort to bring an enhanced equity lens to JPMorgan Chase’s businesses and how we serve all customers, clients, communities and employees.

And so, our work to support the Black community goes beyond banking. By providing growth opportunities for diverse-owned small businesses, increasing homeownership rates, providing better access to affordable housing and more, Chase is committed to helping close the racial wealth gap and driving economic inclusion. We’re also giving underbanked communities better access to the necessary resources to improve financial health.

But the work doesn’t stop there. Every day we collaborate with community partners, policymakers, customers and employees to continue improving the financial health of underrepresented communities.

Oakland Post: How is Chase helping to accelerate Black-owned businesses?

Brown: In 2020, Chase announced its $30 billion racial equity commitment, a five-year plan that includes assisting entrepreneurs in historically underserved areas to access coaching, technical assistance and capital. Chase has also provided 15,000 loans to small businesses in diverse communities.

Additionally, Chase offers a suite of helpful tools for Black and diverse-owned businesses. For example, we offer one-on-one counseling with a business banking professional, access to the Chase for Business Resource Center and membership to the JPMorgan Chase Supplier Diversity Network (SDN).

Oakland Post: What are some ways people can support the economic growth of the Black community?

Brown: Black History Month is a great reminder that, while some advancement has been made, there is room for improvement.

In February 2019, JPMorgan Chase launched Advancing Black Pathways (ABP) to strengthen the economic foundation of the Black community. ABP focuses on four key areas where there are racial and economic disparities that can create barriers to long-term financial success: careers and skills, business development, financial health and wealth creation, and community development.

These four key areas acknowledge the power and importance that entrepreneurship plays in the Black community Unfortunately, the racial wealth gap widened during the COVID-19 pandemic, with only 5% of Black Americans holding business equity — a key driver of wealth — compared to 15% of white Americans.

There are many impactful ways to support economic growth of Black Americans on local and national levels, during Black History Month and all year long. Consider these opportunities:

  • Purchase a product from, or solicit the services of, a Black-owned business.
  • Spread the word about your favorite Black-owned brands.
  • Donate to a nonprofit that is working to advance racial equity.
  • Follow a Black business on social media and engage with their posts to help build their online presence.

We know that owning a business represents the best path to the middle class. So, if we are to make meaningful progress in closing the racial wealth divide, entrepreneurship must be a key part of the equation. We can never lose sight of that dream.

Sponsored content from JPMorgan Chase & Co. To learn more about how Chase can guide your business to the right resources, please visit the following sites: Chase’s new program to empower diverse small businesses: https://www.chase.com/businessconsultant and Advancing Black Pathways: https://www.jpmorganchase.com/impact/people/advancing-black-pathways.

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Activism

S.F. Black Leaders Rally to Protest, Discuss ‘Epidemic’ of Racial Slurs Against Black Students in SF Public School System

Parents at the meeting spoke of their children as no longer feeling safe in school because of bullying and discrimination. Parents also said that reported incidents such as racial slurs and intimidation are not dealt with to their satisfaction and feel ignored. 

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Rev. Amos C. Brown, president of the San Francisco NAACP and pastor of Third Baptist Church. Photo courtesy Third Baptist Church.
Rev. Amos C. Brown, president of the San Francisco NAACP and pastor of Third Baptist Church. Photo courtesy Third Baptist Church.

By Carla Thomas

San Francisco’s Third Baptist Church hosted a rally and meeting Sunday to discuss hatred toward African American students of the San Francisco Unified School District (SFUSD).

Rev. Amos C. Brown, president of the San Francisco NAACP and pastor of Third Baptist Church, along with leadership from local civil rights groups, the city’s faith-based community and Black community leadership convened at the church.

“There has been an epidemic of racial slurs and mistreatment of Black children in our public schools in the city,” said Brown. “This will not be tolerated.”

According to civil rights advocate Mattie Scott, students from elementary to high school have reported an extraordinary amount of racial slurs directed at them.

“There is a surge of overt racism in the schools, and our children should not be subjected to this,” said Scott. “Students are in school to learn, develop, and grow, not be hated on,” said Scott. “The parents of the children feel they have not received the support necessary to protect their children.”

Attendees were briefed last Friday in a meeting with SFUSD Superintendent Dr. Matt Wayne.

SFUSD states that their policies protect children and they are not at liberty to publicly discuss the issues to protect the children’s privacy.

Parents at the meeting spoke of their children as no longer feeling safe in school because of bullying and discrimination. Parents also said that reported incidents such as racial slurs and intimidation are not dealt with to their satisfaction and feel ignored.

Some parents said they have removed their students from school while other parents and community leaders called on the removal of the SFUSD superintendent, the firing of certain school principals and the need for more supportive school board members.

Community advocates discussed boycotting the schools and creating Freedom Schools led by Black leaders and educators, reassuring parents that their child’s wellbeing and education are the highest priority and youth are not to be disrupted by racism or policies that don’t support them.

Virginia Marshall, chair of the San Francisco NAACP’s education committee, offered encouragement to the parents and students in attendance while also announcing an upcoming May 14 school board meeting to demand accountability over their mistreatment.

“I’m urging anyone that cares about our students to pack the May 14 school board meeting,” said Marshall.

This resource was supported in whole or in part by funding provided by the State of California, administered by the California State Library via California Black Media as part of the Stop the Hate Program. The program is supported by partnership with California Department of Social Services and the California Commission on Asian and Pacific Islander American Affairs as part of the Stop the Hate program. To report a hate incident or hate crime and get support, go to CA vs Hate.

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Bay Area

Mayor London Breed: State Awards San Francisco Over $37M for Affordable Housing

On April 30, Mayor London N. Breed announced San Francisco has been awarded more than $37.9 million in funding from the California Department of Housing and Community Development (HCD) as part of the State’s Multifamily Housing Program (MHP). The HCD loan will provide the final funding necessary for development of Casa Adelante – 1515 South Van Ness, a 168-unit affordable housing project located in San Francisco’s Mission District.

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San Francisco Mayor London N. Breed (File Photo)
San Francisco Mayor London N. Breed (File Photo)

By Oakland Post Staff

On April 30, Mayor London N. Breed announced San Francisco has been awarded more than $37.9 million in funding from the California Department of Housing and Community Development (HCD) as part of the State’s Multifamily Housing Program (MHP).

The HCD loan will provide the final funding necessary for development of Casa Adelante – 1515 South Van Ness, a 168-unit affordable housing project located in San Francisco’s Mission District.

The new development at 1515 South Van Ness Ave. will provide 168 affordable homes to low-income families, formerly homeless families, and persons living with HIV earning between 25-80% of the San Francisco Area Median Income (AMI).

In addition, the project is anticipated to provide family-friendly amenities and ground floor community-serving commercial spaces that preserve the prevailing neighborhood character of the Calle 24 Latino Cultural District.

“This funding unlocks our ability to move on building affordable housing units for families in San Francisco at a crucial time. We understand the level of need for more housing that is accessible, and like the state, the city continues to face a challenging budget cycle,” said Breed. “1515 South Van Ness is a good example of what can be achieved in San Francisco when you have strong community partnerships and an unwavering commitment to deliver on critical needs for our residents.”

“From the beginning of my term as Supervisor, I have fought to bring affordable housing to 1515 South Van Ness” said Supervisor Hillary Ronen.  “In the interim, the site has been utilized for homeless services and shelter, and I am thrilled that HCD has recognized the value of this development, and we are finally ready to break ground and bring 168 affordable homes to low income and formerly homeless families in the Mission.”

Owned and occupied by McMillan Electric Company until 2015, the City and County of San Francisco purchased 1515 South Van Ness Avenue in June 2019 with the intent of developing new affordable housing.

In November 2020, the San Francisco Mayor’s Office of Housing and Community Development (MOHCD) released a Multi-site Request for Qualifications (RFQ) seeking qualified developers to build affordable housing on the site, and subsequently selected Chinatown Community Development Corporation (CCDC) and Mission Economic Development Agency (MEDA) in May 2021 to develop the site.

The project is expected to begin construction in winter 2025.

“A strong, long-term push by Mission advocates to make this site 100% affordable is now paying off, with 168 family units that include services and childcare. People of color communities know what they need, and we are excited to be in partnership with a team, consisting of MEDA, CCDC, and MOHCD, that listens,” said Malcolm Yeung, Executive Director at CCDC.

“We are excited to be in partnership with CCDC, yet again, and for the opportunity to develop intergenerational affordable housing in the City’s Mission District,” said Luis Granados, executive director at MEDA.

Increasing housing affordable to lower-income and vulnerable residents is a key priority in the City’s Housing Element which calls for additional funding for affordable housing production and preservation, as well as Mayor Breed’s Housing for All Executive Directive that sets out the steps the City will take to meet the bold goal of allowing for 82,000 new homes to be built over the next eight years.

Tuesday’s funding announcement emphasizes the importance of regional and state collaboration in order to reach our housing and climate goals.

“We are thrilled—not just to bring a project of this size to a community with great need — but to do so with community-based developers and their partners who understand the neighborhood and sensitivities around cultural preservation,” said HCD Director Gustavo Velasquez.

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Bay Area

East Bay Regional Park District Issues Rattlesnake Advisory

The East Bay Regional Park District released an advisory today on rattlesnakes, which emerge from winter hibernation in early spring and become more active. Warm weather can bring more potential for rattlesnake encounters with humans and dogs, particularly along trails and roads.

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The Northern Pacific rattlesnake is the species found in East Bay Regional Parks. Courtesy photo.
The Northern Pacific rattlesnake is the species found in East Bay Regional Parks. Courtesy photo.

The Richmond Standard

The East Bay Regional Park District released an advisory today on rattlesnakes, which emerge from winter hibernation in early spring and become more active.

Warm weather can bring more potential for rattlesnake encounters with humans and dogs, particularly along trails and roads.

Visitors are encouraged to avoid hiking alone in case of an emergency, to scan the ground ahead as they walk, jog or ride, stay on trails avoiding tall grass, and to look carefully around and under logs and rocks before sitting down. Keep your dog on your leash to be extra safe, park officials said.

If you encounter a rattlesnake, leave it alone – it is unlawful to capture or harm one. Move carefully and slowly away or around it and give it plenty of space, park officials said.

Those who are bitten by a rattlesnake are instructed to stay calm by lying down with the affected limb lower than the heart, then having someone call 911.

Getting medical attention is critical.

Those bitten should not use tourniquets, “sucking,” or snake bite kits. If you are by yourself, walk calmly to the nearest source of help to dial 911, do not run.

If bitten by any other type of snake, wash the wound with soap and water or an antiseptic and seek medical attention.

Not sure what bit you? Check the bite for two puncture marks (in rare cases one) associated with intense, burning pain, which is typical of a rattlesnake bite. Other snakebites can leave marks without associated burning pain.

The Northern Pacific rattlesnake is the species found in East Bay Regional Parks. Snakes are important to the natural environment, helping to control rodents and other reptile populations. But enjoy them from afar.

For more information, download the Park District’s Common Snakes brochure or watch our Gopher Snake or Rattlesnake video to learn how to tell the difference between rattlesnakes and gopher snakes. Additional information is available at ebparks.org/safety/wildlife-encounters.

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