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Building Bridges for Black Business: The Sacramento Black Chamber of Commerce’s Path to Prosperity

Kim Anthony • November 7, 2024

SACRAMENTO, CA — In the heart of Sacramento, a powerful advocate for Black business owners and professionals has been fostering economic empowerment and community development for nearly four decades. Established in 1984, the Sacramento Black Chamber of Commerce (SBCC) stands as a pillar of support, uniting African American entrepreneurs, innovators, and professionals. With a vision for lasting economic structure, SBCC is a network of high-energy professionals, all dedicated to advancing the economic, cultural, and civic well-being of Sacramento’s African American community.

At its core, SBCC’s mission is about more than just business—it’s about achieving sustainable economic development for Black communities across the region. Through a host of benefits, networking opportunities, educational resources, and advocacy initiatives, SBCC paves the way for members to grow their businesses, expand their influence, and build a supportive professional network that champions their success.

Unlocking Opportunity: Member Benefits that Propel Business Growth

SBCC offers a rich array of resources and opportunities, starting with its commitment to robust business networking. The Chamber’s regular mixers and events, featuring guest speakers and workshops, create spaces for members to connect, share ideas, and foster new partnerships. These events, alongside collaborations with other African American organizations, strengthen community ties and open doors for professional and personal growth.

For businesses seeking workspaces, SBCC provides access to its conference room, available for business meetings and professional use. Members also gain direct business referrals from SBCC staff, who connect them with clients and partners, creating a bridge between Black-owned businesses and Sacramento’s broader business community.

But SBCC’s support doesn’t stop there. The Chamber prioritizes entrepreneur education and training, sponsoring seminars on topics such as accessing capital, effective governmental policy, and business matchmaking. SBCC members gain critical business insights and are equipped with the skills needed to thrive in partnerships with organizations like SMUD, Sacramento Regional Transit, and the City of Sacramento.

Marketing and Promotion: Elevating Sacramento’s Black-Owned Businesses

In a world where visibility is key, SBCC amplifies its members through a variety of marketing and online promotions. Members are spotlighted in the Chamber’s e-newsletter, featured in an online directory, and introduced at New Member Orientations, giving each business a platform to present its unique strengths to a larger audience. The Chamber’s website further promotes member businesses with strategically placed banner ads, event promotions, and email blasts that keep the SBCC community informed and engaged.

SBCC also offers member-to-member discounts, encouraging cross-support within the network, and provides advertising opportunities that help businesses gain further exposure within the Sacramento community. This comprehensive marketing support is designed to give members a competitive edge in the local market while nurturing a collaborative spirit within the Chamber.

Advocacy, Community, and Beyond: The Broader Impact of SBCC

Beyond business support, SBCC champions policy education, advocacy, and community engagement. The Chamber tackles issues that impact African American businesses and fosters a space where members can learn about and advocate for policies that support economic equity and inclusivity. Through these efforts, SBCC has become a voice for Sacramento’s African American community, promoting an environment where businesses can thrive and contribute to the city’s economic and cultural landscape.

As SBCC approaches its 40th anniversary, its legacy is clear: a steadfast commitment to uplifting Sacramento’s African American business community. Through advocacy, resources, and a focus on economic empowerment, the Sacramento Black Chamber of Commerce remains a beacon of opportunity, a foundation of support, and a bridge to a brighter, more inclusive future for all.

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Empowering Minority Businesses through Economic Equity and Equality

By Kim Anthony • November 13, 2024
Last week, U.S. Commerce Secretary Gina Raimondo and Deputy Secretary Don Graves participated in the 41st Annual National Minority Enterprise Development (MED) Week, where they honored the achievements of U.S. minority -owned business enterprises. Together they reaffirmed the Biden-Harris Administration’s commitment to advancing economic equity and equality and ensuring that minority-owned businesses have the access to capital, technical assistance, and more to help them scale.  Held this year in conjunction with the 2024 National Minority Supplier Development Council’s (NMSDC) Annual Conference in Atlanta, the Minority Business Development Agency’s (MBDA) MED Week is a celebration of the talent and ingenuity of the innovators and entrepreneurs who run our Nation’s minority-owned businesses. Minority-owned businesses add incredible value to our economy, generating nearly $2 trillion in revenue annually and generating tremendous consumer loyalty within their communities. Over the last three years, a record number of Americans have started new businesses, with Black and Latino business ownership growing at their fastest rates in 30 years. To date, 16 million jobs have been created under the Biden-Harris Administration. During a fireside chat with NMSDC CEO and President Ying McGuire, Secretary Raimondo stressed the critical role minority businesses play in driving economic growth and the need to ensure this growth remains inclusive. “I firmly believe that our diversity is our greatest strength,” she said. “We will fail to meet our full potential as a Nation unless we harness the talents and strengths of all parts of the country, including people of color, women, and others who are too often left behind.” At an earlier session, Deputy Secretary Don Graves participated in a panel dialogue with cabinet-level and Federal executives on federal investments that support and empower minority business enterprises across the Nation. During the panel, he discussed his role as the Chair of the Interagency Community Investment Committee (ICIC). The ICIC has played a vital role in ensuring that communities know about the federal investments that are available to them and have direct access to the resources, tools, and technical assistance they need to participate and thrive in the economy. Vice President Harris launched the ICIC three years ago, to ensure that billions of dollars of investment flow to and through America’s communities. “The Biden-Harris Administration remains committed to ensuring that minority-owned businesses have access to the resources they need to thrive and grow,” said Deputy Secretary Graves. “If we’re going to out-compete and out-innovate, we need to use the full force of the economy. Everyone will need to participate.” Through funding provided by the Inflation Reduction Act and the CHIPS and Science Act, the Department of Commerce is working to ensure that minority-owned businesses benefit from the billions of dollars that are being invested in the Nation’s infrastructure, manufacturing, and clean energy industries. Key programs include CHIPS for America , Tech Hubs , and the Good Jobs Challenge . These programs are creating thousands of new and good-paying jobs for American workers and providing long-awaited resources and training to communities across America. Last year, MBDA launched the Capital Readiness Program , the largest-ever investment supporting underserved entrepreneurs. MBDA is investing $125 million to launch 43 business incubators and accelerators designed to help minority and underserved entrepreneurs launch and grow their businesses. As part of MED Week, the MED Week awards were presented to businesses, organizations, and individuals for exceptional contributions to minority business growth. The awards are the highest national recognition a minority-owned firm can receive from the U.S. Department of Commerce. For more information, see President Biden’s Proclamation for Minority Enterprise Development Week, 2024.

Empowering Black Leadership and Driving Tech Innovation at Capital One

By Kim Anthony • November 9, 2024
As AfroTech 2024 approaches, anticipation is high for discussions celebrating Black excellence in technology. This year, Capital One, known for its leadership in tech innovation and commitment to diversity, will take center stage with a workshop on technology and product management. Leading this session are Alexandra “Alex” Wood, Vice President of Product, and Jared Jordan, Managing Vice President—two visionary leaders advancing Capital One’s tech landscape and exemplifying the company’s dedication to empowering Black talent and pushing technological boundaries. Jared Jordan brings a wealth of experience from industry giants like Google, YouTube, and Netflix, where he led groundbreaking engineering initiatives. At Capital One, Jared focuses on customer identity, data management, and messaging systems, helping protect against fraudulent activity and ensuring customers receive timely communications through their preferred channels. “Capital One’s mission to change banking for good resonates deeply with me,” he shares. “Financial freedom and access are essential to building a more equitable world, and Capital One’s commitment to both technology and diversity made it an easy choice for me.” A Commitment to Diversity and Innovation What distinguishes Capital One is its dedication to integrating diversity at the core of its tech initiatives, a value both Alex and Jared passionately uphold. “In many organizations, HR is seen as a back-office function, but at Capital One, we recognize that to change banking for good, we need to invest in the best people and create the infrastructure that allows them to thrive,” Alex explains. Capital One’s Blacks in Tech (BIT) Business Resource Group is committed to supporting, educating, and inspiring Black technologists at every stage of their careers. BIT aims to amplify its members’ voices, strengthen Capital One’s inclusive culture, and attract top talent from diverse backgrounds. Meet the Leaders: Alex Wood and Jared Jordan Jared echoes the significance of diversity in fueling innovation, emphasizing that building diverse products requires diverse teams. “At Capital One, we’re putting our resources where our values are, ensuring long-term success for our company and our communities,” he states. Jared believes that Capital One sets a standard for inclusivity in tech, particularly through its responsible application of data analytics and artificial intelligence (AI) to improve access and outcomes for all. What to Expect at AfroTech 2024 AfroTech 2024 attendees can look forward to an insightful workshop led by Alex and Jared, where they will delve into Capital One’s technology strategies and product management frameworks. “Our goal is to show that no matter what you look like, where you come from, or what your background is, you can make an impact in tech,” Jared shares. He and Alex will provide insights into aligning product and technology to drive innovation and deliver value. The workshop is designed not only as a learning experience but as an opportunity to inspire and empower. “Building great technology and products is a team sport,” Alex adds. “We want to help attendees see that everyone brings unique strengths to the table, and when those strengths come together, magic happens.” Looking Ahead: The Future of Tech at Capital One Both leaders are optimistic about Capital One’s future. Alex is enthusiastic about creating consumer-grade experiences for Capital One’s associates, envisioning internal processes that are as seamless and engaging as top digital platforms. “Imagine a world where we know what you’re great at and can match you with the perfect role and team,” she envisions. For Jared, the future involves pushing the limits of financial technology while keeping inclusivity at the forefront. “I see Capital One leading in AI, machine learning, and data analytics to enhance financial access for everyone,” he says. His advice to aspiring technologists is simple yet profound: “Stay curious and never stop learning.” Join Capital One at AfroTech 2024 Capital One is excited to participate in AfroTech 2024, connecting with the talented minds shaping the future of technology. Attendees won’t want to miss Alex and Jared’s session on Thursday, Nov. 14, and are encouraged to stop by the Capital One booth to connect with technologists and enjoy some great swag. Both Alex Wood and Jared Jordan bring diverse experiences and perspectives to their roles at Capital One. For Alex, the journey to Capital One wasn’t linear but a discovery of passion. “Like every good daughter of an immigrant, I wanted to be a doctor or scientist, but I found myself drawn to a broader range of interests, ultimately wanting to make lives better by removing friction and adding delight,” she reflects. Alex’s path, which included experience at startups and multinational organizations, led her to Capital One, where she now leads the HR product and data organization team, designing technology systems that enhance the experience of Capital One associates globally, from recruitment and payroll to talent management and learning. Photo Credit: Courtesy of Capital One

Empowering Small Business: How Caltrans District 8 Champions Opportunity for Small and Disadvantaged Businesses

By Kim Anthony • November 7, 2024
In the bustling heart of California’s Inland Empire, the Caltrans District 8 Small Business office is paving the way for small businesses, disadvantaged business enterprises (DBEs), and disabled veteran business enterprises (DVBEs) to thrive. With a commitment to equity and economic development, this program offers invaluable resources for entrepreneurs and veteran-owned companies eager to participate in state and federal contracting. For Caltrans, small business is more than just a priority—it's the backbone of its procurement mission. Leveling the Playing Field: DBE and DVBE Programs Caltrans District 8 has set ambitious goals to include DBEs in federally funded projects, aiming for a 22.2% DBE participation rate. This certification process ensures that DBEs with social and economic disadvantages have a fair shot in a competitive landscape. DBE firms must meet strict eligibility standards based on ownership, control, personal net worth, and business size, providing them with opportunities to contribute meaningfully to state projects. In addition to DBE support, Caltrans promotes inclusivity for small businesses and DVBEs through state-funded projects. The agency has committed to achieving a 25% small business (SB) and a 5% DVBE participation rate in these projects, reflecting its dedication to empowering entrepreneurs and veteran-owned companies. By doing so, Caltrans not only bolsters local economies but also enriches the fabric of California’s workforce with diverse talents and perspectives. Education and Outreach: Building Skills, Expanding Networks Recognizing the importance of knowledge and networking, the Caltrans District 8 Small Business office hosts an array of educational events throughout San Bernardino and Riverside Counties. These gatherings—such as the Surety (Bonding) Workshop, “How To Do Business With Caltrans” sessions, DBE and SB/DVBE certification workshops, and pre-bid meetings—equip businesses with the tools needed to succeed in state contracting. Through these events, Caltrans aims to create a well-informed, prepared small business community ready to navigate the intricacies of public sector procurement. Tools for Success: Practical Resources for Small Businesses For those looking to take the plunge into state contracting, Caltrans District 8 offers a suite of practical tools. Resources like Contractor’s Corner provide insights into project advertisements, bidding processes, and awards, while the Department of General Services’ eProcurement portal simplifies doing business with the state. The dedicated support for DBEs, DVBEs, and small businesses is a testament to Caltrans’ commitment to fostering a diverse supplier base. To further drive small business success, Caltrans adheres to Government Code Section 14110.3, which sets a 25% participation goal for certified small businesses in non-federal contracts. When this goal applies, small business preferences are visibly displayed on advertised projects, signaling to contractors and small firms alike that Caltrans is serious about meeting its targets. This emphasis on inclusive practices is instrumental in helping small businesses build their portfolios and strengthen their foothold in the industry. How to Get Involved For small businesses and DBEs interested in the opportunities Caltrans provides, the first step is simple: reach out. The Caltrans District 8 Small Business Program is accessible, supportive, and ready to answer questions from prospective contractors. With a dedicated contact at the District 8 Small Business Program office and resources available through the Office of Construction Contract Awards, Caltrans makes it easy for businesses to take the leap. For questions or assistance, interested parties can email the District 8 Small Business Program at d8smallbusiness@dot.ca.gov or call the Office of Construction Contract Awards at 916-227-6299. As the landscape of California’s infrastructure continues to grow, so too does the role of small and disadvantaged businesses in shaping its future. Through Caltrans District 8’s Small Business office, the agency has set the stage for greater diversity, innovation, and economic opportunity within the state's procurement ecosystem. By empowering small businesses, Caltrans is driving not just the roads and highways, but the communities they serve, toward a brighter, more inclusive future.
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