MAIN STREET LAUNCH AWARDED $2 MILLION BY WELLS FARGO TO SUPPORT AFRICAN AMERICAN ENTREPRENEURS This grant will enable Main Street Launch to address the racial wealth gap through launching an African American Entrepreneurship Institute. May 6, 2019, Oakland: Wells Fargo announced a $2 million dollar grant in support of Main Street Launch, a Community Development…
We love seeing great media coverage of our clients, and we’re thrilled to share the most recent from Thrillist. They produced a list of the best BBQ in every state, and our client Black Bark BBQ won for California. Black Bark BBQ is an SF-based, African American-owned small business in the Fillmore District…
We’re thrilled to support innovative, community-focused small businesses in San Francisco. One new business that is scheduled to open soon is Luxurious Nail Boutique. Owned by Richard Washington, Luxurious Nail Boutique will will offer full mani/pedi service, along with waxing, threading and custom nail design from a group of technicians reflecting San Francisco’s cultural and…
In 2016, in partnership with Wells Fargo’s Diverse Community Capital fund, Main Street Launch developed some additional programs and services specifically designed to support African American small business owners in Oakland and San Francisco. This program is lead by Robert Lattimore, Senior Vice President. One element is our Entrepreneur in Residence Program. Our Entrepreneurs…
OBDC is honored to have received grants from Wells Fargo, the Office of Community Services, and the Small Business Administration (SBA) to support our programs:
Today, Wells Fargo announced that OBDC Small Business Finance, a nonprofit community development financial institution (CDFI) headquartered in Oakland, received a $700,000 grant allocated over three years and $750,000 of lending capital from Well Fargo’s newly formed Diverse Community Capital Program.
Some OBDC staff members just returned the annual Opportunity Finance Network (OFN) conference in Denver, Colorado. OFN is a national membership organization that supports community development financial institutions like OBDC. This was an exciting year for the conference because it marked OFN’s 30th anniversary.