Business
Chase Community Branch to Empower Black and Brown Start-Ups
During the ribbon cutting ceremony before an audience of about 40 people, JPMorgan Chase CEO Jamie Dimon addressed executive staff members of Chase from various regions in California along with local staff and community members. For Dimon, community banks represent the changes he hopes to see in the world for future generations. Dimon also said the George Floyd murder and the pandemic shed light on the racial disparities in communities of color. “Disparities are not something we were unaware of, but it did spotlight the need to do more.”
By Carla Thomas
On Dec. 8, JPMorgan Chase & Co. celebrated the grand opening of an innovative bank branch experience in downtown Oakland.
With a mission to help more Black and Latino start-ups and small businesses, the new Community Center branch will provide Oakland residents with financial tools and resources, including access to funding, mentoring and pop-up space for entrepreneurs.
Located at 3005 Broadway, the site is the first of its kind in Northern California, and only one of 12 among Chase’s nearly 5,000 branches nationwide.
“This is all about Oakland,” said branch manager Latanya Millican, who has served Chase for nearly 30 years. “This is a celebration of reaching our community with resources beyond traditional banking. At our branch, clients will be welcomed with opportunities to launch their business, expand their business, and secure closing costs on homes in addition to our traditional banking services.”
During the ribbon cutting ceremony before an audience of about 40 people, JPMorgan Chase CEO Jamie Dimon addressed executive staff members of Chase from various regions in California along with local staff and community members.
For Dimon, community banks represent the changes he hopes to see in the world for future generations. Dimon also said the George Floyd murder and the pandemic shed light on the racial disparities in communities of color. “Disparities are not something we were unaware of, but it did spotlight the need to do more.”
For Dimon, ‘more’ includes offering $5,000 homebuyer grants to help cover closing costs and down payments and increasing affordable housing and home ownership by providing $300 million in construction, permanent loans, and low-income housing tax credits over the past five years.
In 2020, the company committed to a $75 million, five-year investment in Oakland and San Francisco through long-term, low-cost loans and philanthropy to provide more affordable housing, and protect local residents from displacement.
“Our firm has committed $30 billion to advance racial equity and drive economic opportunities for Black, Latino and Hispanic communities, and the new centers are designed to accelerate minority, small-business growth in the country,” said Dimon.
“He’s like the modern-day Robin Hood,” said Betty Uribe, head of retail for California at Chase in describing Dimon.
Chase has also supported local organizations like the East Bay Asian Local Development Corporation (EBALDC) and The Unity Council and their mission of preserving affordable housing in Oakland neighborhoods with a $35 million loan through the Housing for Health Fund.
“We’re putting our communities first and this new hub will serve as a place where dreams are going to be hatched and brought to fruition,” Oakland Mayor Libby Schaaf said.
“After collaborating with my Chase Senior Business Consultant Nykole Prevost, myself and our director of operations were able to identify areas where the business can really impact our local communities on a faster timeline then we originally envisioned,” Derrick Hill, founder and president of Hill & Quality Associates, LLC, said.
Attendees also included Chase associates September Hargrove, Northern California director for Community Banking at JPMorgan Chase & Co.; Jonathan Morales, head of Community and Business Development for Chase in California; Nykole Prevost, senior business consultant, at Chase and Ben Walter, Chase Business Banking CEO.
Bay Area
Glydways Breaking Ground on 14-Acre Demonstration Facility at Hilltop Mall
Glydways has been testing its technology at CCTA’s GoMentum Station in Concord for several years. The company plans to install an ambitious 28-mile Autonomous Transit Network in East Contra Costa County. The new Richmond facility will be strategically positioned near that project, according to Glydways.
The Richmond Standard
Glydways, developer of microtransit systems using autonomous, small-scale vehicles, is breaking ground on a 14-acre Development and Demonstration Facility at the former Hilltop Mall property in Richmond, the Contra Costa Transportation Authority (CCTA) reported on social media.
Glydways, which released a statement announcing the project Monday, is using the site while the mall property undergoes a larger redevelopment.
“In the interim, Glydways will use a portion of the property to showcase its technology and conduct safety and reliability testing,” the company said.
Glydways has been testing its technology at CCTA’s GoMentum Station in Concord for several years. The company plans to install an ambitious 28-mile Autonomous Transit Network in East Contra Costa County. The new Richmond facility will be strategically positioned near that project, according to Glydways.
The new Richmond development hub will include “over a mile of dedicated test track, enabling Glydways to refine its solutions in a controlled environment while simulating real-world conditions,” the company said.
Visitors to the facility will be able to experience on-demand travel, explore the control center and visit a showroom featuring virtual reality demonstrations of Glydways projects worldwide.
The hub will also house a 13,000-square-foot maintenance and storage facility to service the growing fleet of Glydcars.
“With this new facility [at the former Hilltop Mall property], we’re giving the public a glimpse of the future, where people can experience ultra-quiet, on-demand transit—just like hailing a rideshare, but with the reliability and affordability of public transit,” said Tim Haile, executive director of CCTA.
Janet Galvez, vice president and investment officer at Prologis, owner of the Hilltop Mall property, said her company is “thrilled” to provide space for Glydways and is continuing to work with the city on future redevelopment plans for the broader mall property.
Richmond City Manager Shasa Curl added that Glydways’ presence “will not only help test new transit solutions but also activate the former Mall site while preparation and finalization of the Hilltop Horizon Specific Plan is underway.
Activism
2024 in Review: 7 Questions for Outgoing Stockton Mayor Kevin Lincoln
Lincoln’s decision to run for mayor stemmed from his love of people and his desire to serve his city. He prioritized resolving issues, including homelessness and public safety, among others. Lincoln, a Republican, will transition out of his role as mayor on Dec. 31, after an unsuccessful campaign to represent the 9th Congressional District.
By Edward Henderson
California Black Media
Born in Stockton, Mayor Kevin Lincoln says his Army upbringing inspired him to serve others.
Lincoln joined the United States Marine Corps in 2001 and was later assigned to Marine One, serving during President George W. Bush’s administration.
Following his military service, Lincoln worked for one of the nation’s top private security companies for eight years in Silicon Valley. In 2013, he resigned from his corporate position to give back to his community in Stockton through full-time ministry at a local church.
Lincoln’s decision to run for mayor stemmed from his love of people and his desire to serve his city. He prioritized resolving issues, including homelessness and public safety, among others.
Lincoln, a Republican, will transition out of his role as mayor on Dec. 31, after an unsuccessful campaign to represent the 9th Congressional District.
Recently, California Black Media (CBM) spoke with Lincoln. He reflected on his accomplishments this year and his goals moving forward.
Responses have been edited for length and clarity.
Looking back at 2024, what stands out to you as your most important achievement and why?
What I prioritize for our city council is our youth. They are the future — not only our city, but this region as a whole.
We were able to invest over $6 million in youth programming and workforce development, and partner with 14 different community-based organizations. We were able to employ over 600 young people through the city of Stockton. We launched even our first ever summer jobs program for the city of Stockton.
How did your leadership and investments contribute to improving the lives of Black Californians?
It’s about giving people a seat at the table, and not necessarily waiting for people to come to me, but me going to the community, making myself accessible, meeting our community at the point of their need, where they’re at.
What frustrated you the most over the last year?
It’s politics. Because unfortunately, there’s politics in everything. And I say politics impedes progress. You can have a policy, a solution that may not necessarily be 100% perfect. But it’s a good solution for everybody. But because we allow politics to get in the way based off our personal ideologies, oftentimes we can miss opportunities to make an impact for the benefit of the whole.
What inspired you the most over the last year?
My biggest inspiration has been the community and our ability to work together. What’s unique about Stockton, one in 20 jobs are nonprofit jobs in the city of Stockton and even San Joaquin County.
What is one lesson you learned in 2024 that will inform your decision-making next year?
To stay focused. In politics, there’s a lot of opportunity for distractions. There are a lot of influences from the outside — good, bad and indifferent. It’s important to stay focused, have a clear vision, and be committed to that vision.
In one word, what is the biggest challenge Black Californians face?
Economics. When the economy is not healthy, when we’re not thriving, we’re limited. Opportunities are limited.
What is the goal you want to achieve most in 2025?
I just want to continue to be a servant leader and serve our community in whatever capacity I am in.
Activism
In addition to his work with the NAACP, Rick Callender is the Chief Executive Officer (CEO) of Valley Water in San Jose. In that role, he oversees an integrated water resources system with functions that include managing the supply of clean, safe water; instituting flood protections; and handling environmental stewardship of waterways for Santa Clara County’s 1.9 million residents.
By Edward Henderson, California Black Media
Rick L. Callender holds multiple influential roles. He is the President of the California/Hawaii State Conference of the NAACP (Cal-HI NAACP) and serves on the National NAACP Board of Directors.
Under his leadership, Cal-HI NAACP operates 74 branches and youth units across the state to push initiatives focused on racial justice and equality.
In addition to his work with the NAACP, Callender is the Chief Executive Officer (CEO) of Valley Water in San Jose. In that role, he oversees an integrated water resources system with functions that include managing the supply of clean, safe water; instituting flood protections; and handling environmental stewardship of waterways for Santa Clara County’s 1.9 million residents.
Recently, California Black Media (CBM) interviewed Callender. He reflected on the organization’s accomplishments, challenges they have faced, lessons learned this year, and goals moving forward.
Responses have been edited for length and clarity.
Looking back at 2024, what stands out to you as your most important achievement and why?
One of the things I’m most proud of is the support of policy changes related to the Ebony Alert, which went into place this year. That legislation ensured that Black girls and missing Black women would have their own alert. Often, when they go missing you don’t hear about it for weeks later.
How did your leadership and investments contribute to improving the lives of Black Californians?
It’s not my leadership, it’s the NAACP’s leadership. We’ve helped with legal consultations. Often, when you have something that occurs to you, some people can’t afford a legal consultation. We’ve cleared that hurdle for folks, so they don’t have to worry about the fee.
What frustrated you the most over the last year?
The pullback of a commitment to our community and the pullback from corporations on financing DEI initiatives, equity and civil rights. People have tried to make DEI sound like a salacious word. When you see these funds disappear, it’s because people erroneously think that they promote racism.
What inspired you the most over the last year?
The resilience and the determination of our youth. The youth have always led — not only the civil rights movement — but they have been the ones who will always be willing to step up.
It’s seeing a new Black leadership step up and being able to continue to fight.
What is one lesson you learned in 2024 that will inform your decision-making next year?
This is one thing: we can’t get distracted. We have to stay focused.
In one word, what is the biggest challenge Black Californians face?
Equity. Put anything in front of the word equity, and that’s what we face, from educational equity, criminal justice equity. Equity as it deals with economics. And just being able to make sure that we have the access to do what we need to do.
What is the goal you want to achieve most in 2025?
Staying focused on organizing around elections – and winning.
-
California Black Media4 weeks ago
California to Offer $43.7 Million in Federal Grants to Combat Hate Crimes
-
Black History4 weeks ago
Emeline King: A Trailblazer in the Automotive Industry
-
California Black Media4 weeks ago
Gov. Newsom Goes to Washington to Advocate for California Priorities
-
Activism4 weeks ago
Oakland Post: Week of November 27 – December 3, 2024
-
California Black Media4 weeks ago
California Department of Aging Offers Free Resources for Family Caregivers in November
-
Activism2 weeks ago
Butler, Lee Celebrate Passage of Bill to Honor Congresswoman Shirley Chisholm with Congressional Gold Medal
-
Activism2 weeks ago
Post News Group to Host Second Town Hall on Racism, Hate Crimes
-
Activism2 weeks ago
Delta Sigma Theta Alumnae Chapters Host World AIDS Day Event