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At Sac Summit, California African American Chamber of Commerce Shows Growing Clout; Lays Out Top Goals

With the theme “Driving Equity Through Economic Innovation,” discussions at the CAACC summit focused on the intersection of policy and commerce, aiming to widen access to California’s economic landscape for historically underfunded communities.

Published

1 month ago

February 9, 2026

Oakland Post

The AI and Business moderator and panelists at CAACC's 2026 Economy Summit. Shown left to right: Vic Baker, Equitify; Cathy Adams, President and CEO of the Oakland African American Chamber of Commerce; Kevin Harbour, BizFed Institute; Ahmad Holmes, CAACC President and CEO; Sarah Harris, Black Business Association; Angela Shell, California Department of General Services; Edwin Lombard, ELM Strategies; Christine Shelby, Digital Strategist, Sacramento Observer; and Patricia Watts, CAACC Chairperson. CBM photo by Antonio Ray Harvey.

By Antonio‌ ‌Ray‌ ‌Harvey‌, California‌ ‌Black‌ ‌Media‌

In step with its commitment to drive economic growth, equity, and wealth creation for African American businesses in the Golden State, the California African American Chamber of Commerce (CAACC) held its third annual California American Economy Summit at the Kimpton Sawyer Hotel in Sacramento on Jan. 28.

Organized by CAACC President and CEO Ahmad Holmes, along with CB Communications, members and the board of directors of the statewide organization shared the group’s current priorities and talked about its growing influence across California.

“This is about all of the information we are gathering for our CAACC membership that trickles down to all the chambers across the state,” said Chairperson Patricia Watts, who is also the proprietor of Cerritos-based FCI Management, an energy and water consulting firm.

“The idea is that we are one voice — especially when it comes to policy issues and information sharing. We’re only stronger if we work together,” Watts said, speaking about the CAACC’s growing influence.

The agenda included plenary sessions with topics covering building economic power through artificial intelligence (AI), strengthening Black businesses, increasing state contracting opportunities and cross-sector collaboration to drive business growth.

“We’re grateful for all the entrepreneurs that were here, all the corporate leaders, the policymakers, investors, and community champions all in one single room,” Holmes said.

Gov. Gavin Newsom delivered a video message opening the summit.

State officials like California State Controller Malia Cohen and State Treasurer Fiona Ma also attended.

Ma participated in a fireside chat with Regina Brown Wilson, the Executive Director of California Black Media (CBM).

Their conversation focused on economic development, infrastructure investment, and fiscal stewardship aimed at driving long-term growth in California. In addition, Ma shared insights into state-level initiatives to expand access to capital and support the growth of small businesses for underserved entrepreneurs.

Closing out the event, Toks Omishakin, California secretary of the State Transportation Agency; Danetta Jackson of the Department of General Services; and former Major League Baseball player and 2022 World Series–winning manager Dusty Baker were honored with community recognition awards.

Derek Smith, a CAACC board member who chairs both the Audit Committee and the Political Action Committee, said the organization continues to expand its membership, raise its profile, and execute a strategic plan to reach every region of the state.

“This summit is the best one I’ve ever been a part of. We are becoming a force, and I think the state has been waiting for someone to step up,” Smith says. We had a few chambers out there, but we’re finally stepping in and taking control. We’re going to lead for as long as we can.”

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Oakland Post: Week of March 4 – 10, 2026

The printed Weekly Edition of the Oakland Post: Week of March 4 – 10, 2026

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5 days ago

March 7, 2026

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Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

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2 weeks ago

March 1, 2026

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Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

Published

3 weeks ago

February 21, 2026

Oakland Post

Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.