Activism

Jaylen Brown and Jason Kidd’s $5 Billion Plans

On Aug. 9, in downtown Oakland at Oakstop, a co-working and event space, dozens of journalists and broadcasters convened to hear an historic announcement from NBA icon Jason Kidd and NBA All Star and Finals MVP Jaylen Brown. The duo told the world that they have joined forces to raise an ambitious $5 billion dollars to empower underserved and marginalized communities. The week prior, Brown set the goal in motion by creating the Boston XChange in preparation to do the same in the Bay Area as the Oakland XChange.

Published

1 year ago

September 12, 2024

Oakland Post

NBA All Star and 2024 Finals MVP Jaylen Brown, Oakland XChange's founder Trevor Parham, Boston XChange board member Riz Shah, and NBA icon Jason Kidd at Oakstop in Oakland announcing the creation of XChange Oakland and a commitment to raise $5 billion dollars to empower marginalized communities across the nation. Courtesy of Oakland Xchange.

By Carla Thomas

The duo told the world that they have joined forces to raise an ambitious $5 billion dollars to empower underserved and marginalized communities. The week prior, Brown set the goal in motion by creating the Boston XChange in preparation to do the same in the Bay Area as the Oakland XChange.

“True systemic change requires collaboration, shared vision, and collective impact. By working with community partners, thought leaders, and cultural influencers, our goal is to cultivate a powerful network of support and innovation,” shared Brown.

Through the new nonprofit XChange enterprises in Boston and Oakland and his sphere of influence, Brown has set his intentions in motion jumpstarting a path toward generational wealth and cultivating cultural innovation in underserved and underrepresented communities. Designed to provide opportunities at the intersection of business and culture, Brown says the XChange will use a place-based strategy to drive solutions for better cities, integrating real estate development, business education, technology, and cultural competency to foster economic growth.

Chapters in Boston (BXC) and Oakland (OXC) will serve as organizing hubs, utilizing commercial real estate to empower underserved communities.

Kidd says he was inspired by Brown’s concept and the two have committed millions of dollars from their own fortunes to kick off the venture. Kidd and Brown, both Oakland natives, see a bright future for their hometown.

“We welcome anyone that is willing to make a commitment to the future and health of the community and put it on a path toward generational sustainability,” said Kidd, during the press conference.

“The racial wealth gap is not limited to Boston — It’s a national issue, affecting Oakland and cities throughout the country, revealing how some groups are better positioned to make critical investments in their futures that benefit their families and communities,” said Kidd.

Kidd has also made significant philanthropic contributions to his hometown, such as funding the Willie Keyes Recreation Center in West Oakland.

The XChange will create and showcase scalable and repeatable models for shared real estate ownership and impact investments to facilitate asset building for sidelined community members that can be adopted across the country. They will engage professional athletes, business leaders, philanthropists, and influencers who are passionate about solving wealth inequality in the cities they love, using a replicable model that maximizes impact while uplifting existing organizations working to bridge the wealth gap.

“Using this strategy, The XChange presents an opportunity for individual cities to tailor the model to the unique needs and strengths of their communities, replicating and refining it for optimal impact,” said the Oakland XChange’s founder Trevor Parham.

“Place based strategies are important for unifying and revitalizing underserved communities and our lived experiences inform market insights and social solutions that help foster sustainable economic development. I’m proud of Oakstop’s track record for community-led social impact and our synergy with the Boston XChange.”

Boston XChange board member Riz Shah was also on hand along with local politicians, Caroll Fife, Rep. Barbara Lee (D-CA-12), and Lateefah Simon, candidate for U.S Congress. They all shared their excitement for the new venture.

For more information visit: www.oaklandxchange.org

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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.