Cal Black Chamber of Commerce Biz Summit 2022 offers opportunities to bid on contracts
Antonio Ray Harvey | California Black Media
California Black Chamber of Commerce Foundation Inc. (CALBCCF) Offers “Breakthrough Opportunities” for Mini-Micro, Micro, and Small Business Owners Across the State at Statewide Economic Summit and Roundtable 2022.
Under the theme “Pitch Your Business,” the summit is scheduled to be held in Sacramento on Friday, September 30 and Saturday, October 1 at the Embassy Suites Sacramento Riverfront Promenade.
Jay King, President and CEO of CALBCC, said the Economic Summit offers a different perspective and “a bold new journey into the ecosystem of business and how it’s done effectively.”
Startups or established companies attending the summit will be able to showcase their services to potential clients on site or set up a bidding process in the near future. Interested individuals will be able to explore job opportunities at the two-day event.
“It’s not the same format as in the past,” King told California Black Media. “We worked with California Transportation (Caltrans) and DGS (California Department of General Services) to identify contracts that small businesses can bid on and win if they are not at the top within days. We will have workshops but all are interactive.
A workshop on how to submit an application will take place on the first day of the summit. The presentation of the pitch must be done in front of a panel of business judges in the hope of gaining investment capital.
The following day, participants will present their business idea with a chance to obtain a capital of $50,000. Two second-place winners will receive $25,000 each, and 10 running businesses each have a chance to win $10,000 in cash prizes.
“We only reward state enterprises that have done all the hard work. It’s hard to run a small business,” King said. “Because small businesses are macro (a business earning less than $100,000 a year) or mini macro (less than $35,000 a year), especially in the black sector, it’s extremely difficult. About 96% of African American businesses fit this description.
The Economic Summit will feature black chambers of commerce from across the state, including operations in Los Angeles, Fresno, Bakersfield, San Francisco, Oakland and San Diego.
Wells Fargo, Lyft, UC Davis Health, the City of Sacramento, the Department of General Services and the Black Small Business Association are sponsors of the Economic Summit.
The Economic Summit was created to bring together “changemakers” with minority-owned businesses with a mission to create meaningful economic opportunities to increase spending with small businesses and strengthen the conversation about diversity, equity and small business inclusion, King said.
The Summit is also set up to help interested homebuyers. King said attendees will have the chance to see if they qualify for a home loan.
The summit will feature guest speakers Chris Horton, National Black Entrepreneur Project, Ann Tompkins, Director of Professional Services at the University of California, Davis (UC Davis); and Mike Condrin, director of operations at UC Davis.
The California Black Chamber of Commerce Foundation, Inc. was established as a public charity dedicated to the education, training, community growth, and development of youth entrepreneurship. Its mission begins with educating local and statewide communities about the importance of financial literacy.
“We believe in diversity, equity and inclusion,” King said. “We are not excluding any white, Asian or Latino industry, racial group or chamber of commerce. We know they have the same challenges. We (CALBCC) present (an economic summit) that we would like to see other chambers and entities across the state when we talk about diversity, equity and inclusion. It means everyone to us.
For more information about the Economic Business Summit, registration, and hotel accommodations, contact Angela Lowe of the California Black Chamber of Commerce at (916) 467-8878 or visit [email protected].