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Economic Inclusion
The community team’s vision is to support a just, inclusive, and thriving Bay Area economy. Despite this region being one of the largest economies in the world, many community members are struggling to survive.
Eliminating Barriers and Expanding Access to Entrepreneurs
The Chan Zuckerberg Initiative is committed to helping eliminate the structural, racial and socio-economic barriers that often prevent aspiring entrepreneurs from owning a business. CZI is launching Inclusive Entrepreneurship, a $3 million program benefiting organizations that support entrepreneurship across the Bay Area.
Opportunity for Inclusive Entrepreneurship
The community team believes a person’s zip code should not limit their resources or predict their outcomes, which sits at the foundation of our work, and why we have chosen to focus on community-rooted entrepreneurs and small businesses.
Entrepreneurs who start businesses rooted in their communities are part of the social fabric that drives economic mobility across the United States. While these neighborhood businesses are individually small, they are collectively important. Research shows that businesses with fewer than 20 employees comprise over 85% of all businesses in the United States, employing over 30 million people. BIPOC (Black, Indigenous, and people of color) entrepreneurs are more likely to consider their own neighborhood as the site of most of their business transactions, according to the Brookings Institution. Entrepreneurs who are rooted in their communities tend to be more civically engaged, hire locally, and support local charities, resulting in better overall neighborhood welfare.
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Accion Opportunity Fund
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Accion Opportunity Fund (AOF) is committed to advancing an equitable financial system by deploying affordable capital, connecting entrepreneurs with business advising, education and support, and advocating for policies that support a more inclusive and healthy financial system. Through innovative partnerships and outreach strategies, we focus on underfinanced entrepreneurs — including entrepreneurs of color, low-income entrepreneurs, and women — who often lack access to the financial services they need to build and grow their businesses.
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Creser Capital Fund
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Creser Capital Fund accelerates access to capital and unlocks the Latinx economic growth engine’s force to promote the development and advancement of Latinx businesses to power the next generation’s future. Founded in 2020. Latinx-led CCF bridges underbanked Sonoma County Latinx small/micro businesses with the capital they need to thrive.
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La Cocina
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La Cocina is a nonprofit kitchen incubator in San Francisco with the mission of cultivating low-income women entrepreneurs as they formalize and grow their food businesses. They do this by providing an affordable commercial kitchen space, industry-specific technical assistance, and access to market opportunities. They focus on supporting women from communities of color and immigrant communities.
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Prospera
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Prospera partners with Latina entrepreneurs to launch businesses that foster cooperation, economic independence and well-being in immigrant communities. Through their culturally-based programs, Latinas access the networks, tools and capital they need to become successful business owners and powerful community leaders.
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Renaissance Entrepreneurship Center
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Renaissance Entrepreneurship Center transforms lives and communities through entrepreneurs. They help launch and grow Bay Area small businesses, delivering a range of services in English and Spanish from training and consulting, to business incubation, access to capital, networking and special programs for women.
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Uptima Entrepreneur Cooperative
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Uptima Entrepreneur Cooperative provides holistic and culturally relevant education, advising and community to support diverse entrepreneurs in creating thriving businesses in service to their communities. As a cooperative, their entrepreneurs and workers are eligible to become owners of Uptima, creating a community that invests in each other, shares in their profits, and has a say in how the organization is run.
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