170 Oakland small businesses receive grants totaling 2.2M to stay and thrive

The East Bay Community Foundation distributed $2. 2 million in grants to aid over 100 small businesses in Oakland, with each receiving between $5,000 and $25,000. This initiative addresses the struggles faced by entrepreneurs recovering from the pandemic and aims to retain businesses in the city. Charles Farrier, owner of Crumble & Whisk, expressed gratitude for the funding, which helped him manage operational costs effectively. The foundation prioritized racial and gender equity in its selection process, focusing on neighborhoods most impacted by economic disinvestment.

As Oakland grapples with a significant budget deficit of $280 million over the next two years, these grants represent a vital support mechanism for the local economy. Officials from the foundation plan to raise additional funds to expand their efforts beyond Oakland. The initiative underscores the importance of small businesses as vital components of community resilience and growth. Farrier aspires to franchise his business, illustrating the potential for local entrepreneurs to contribute to Oakland’s economic future.