Bay Area

“California Draining:” Stanford Report Explores Why More Californians Are Moving to Texas and Arizona Than Ever Before

“California lost a net of 407,000 residents to other states between July 2021 and July 2022, including a greater share of those with a college degree and residents at all income levels than in the past,” the report reads.

Published

2 years ago

November 4, 2023

Oakland Post

Photo courtesy California Black Media.

By California Black Media

From the Gold Rush of the 1800s to the iconic unofficial state song “California Dreamin’,” the Golden State has built an enviable reputation.

It has become known around the world as a destination for fortune seekers, economic opportunities, and a laidback West Coast lifestyle made more desirable by pleasant weather and a picturesque natural landscape that incorporates breathtaking scenes — from the Pacific coast cliffs and glistening inland lakes to snow-capped mountains and lush forests housing the Earth’s oldest tree species.

However, over the last few years, that perception of California’s exceptional desirability is being challenged as the state loses population to Arizona and Texas at higher levels than ever before, including a greater share of college graduates and residents at all income levels, according to a report dubbed “California Draining,” released by the Stanford Institute for Economic Policy Research (SIEPR).

The state’s high cost of living has spurred many businesses and residents to exit, posing serious consequences for the state’s job market and fiscal outlook. California is still the largest state in the U.S. with more than 39 million residents as of 2022, constituting 11.7% of the U.S. population, according to SIEPR’s report.

From 1959 to 2022, California’s average rate of population growth was 1.52%, but since 2000, it has been consistently below that number. The state even experienced negative growth in 2021 and 2022.

Among recent movers, Black residents make up about 12% of people exiting the state, a significant number in a state where the total Black population hovers around 5.7%.

The report states that two-thirds of those who moved said that politics was not a factor in their decision, but the population loss has political consequences: California lost a congressional seat after the 2020 census.

SIEPR draws from an original survey of residents in California, Arizona and Texas conducted jointly by researchers at Stanford University, Arizona State University, and the University of Houston.

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Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

Published

2 days ago

March 1, 2026

Oakland Post

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Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

Published

1 week ago

February 21, 2026

Oakland Post

Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.