Business

White House poised for increased ethnic diversity and a Black agenda, political candidates in play for both

Published

4 years ago

November 3, 2020

David G. Clunie BEA ED

The political action committee of the Black Economic Alliance (BEA) endorses political candidates whose work supports prosperity and economic security for Black Americans. Launched in 2018, consisting of an astute and elite core of business and political influencers, BEA has since brought awareness and education to a wide range of voting constituents, now through virtual engagements, given restrictions wrought from the COVID19 pandemic. Beforehand, they assembled in-person “gatherings of the minds” to address matters of vital import. BEA endorsements and financial contributions are sought after and prized. To date, the organization has bolstered the political campaigns of numerous persons, among them:

Reverend Raphael Warnock (Sr. Pastor of Atlanta’s Ebenezer Baptist Church) who is vying among a very crowded field for US Senate seat

Mike Espy of Mississippi who too is seeking a US Senate seat

Jaime Harrison seeking to unseat South Carolina Republican Senator Lindsey Graham

And yes, there are others on BEA’s roster of 2020 endorsed candidates

Fueled by cachet and strategic comportment, BEA is fast becoming a bellwether of the Black body politic. According to their website, www.blackeconomicalliance.org, the organization’s scope hones in on several targets, including–

OPPORTUNITY ZONES: Modify opportunity zone tax policy to incent new business formation and employment versus real estate projects already in flight. Prioritize opportunity zones for infrastructure spending. Modify allocation formulas that favor rural communities at the county level to more focused opportunity zones.

ENTREPRENEURSHIP: Incent venture capital and private equity firms to incubate and invest in companies in opportunity zones in exchange for favorable carried interest tax rates. Incent business development companies to lend in opportunity zones.

AFFORDABLE HOUSING: Incent rent to own options in public and private housing, alternative financing structures, and technology innovations in modular housing. Modify zoning laws for accessory dwelling units and higher density. Accelerate permitting processes and include affordable housing as part of any federal infrastructure bill.

David G. Clunie is BEA’s Executive Director. He shepherds the operational side of this well-heeled, strategically-aligned body of power brokers, many of them luminaries in their own right.

Before joining BEA, Clunie most recently worked at JPMorgan Chase & Co., where he was a senior member of the Corporate Responsibility department, which uses the bank’s resources to increase opportunities for all people—particularly in the areas of workforce development, financial health, small business expansion, and community development. Clunie led a team of government relations managers who forged partnerships with state and local government officials nationwide on local community investments as well as public policy challenges and opportunities. He was a champion for diversity, equity, and inclusion—chairing the firm’s coalition of Black managing directors, The Black Executive Forum; sitting on the firm’s Diversity Advisory Committee; leading CR’s Equity & Inclusion working group; and serving as an ambassador and mentor for The Fellowship Initiative leadership development program for young men of color.

Prior to joining JPMorgan Chase & Co., Clunie was the Executive Secretary of the U.S. Department of the Treasury. As an appointee of President Barack Obama at the Treasury Department, Clunie was a member of Secretary Jacob J. Lew’s senior staff and ran what is often referred to as the Department’s “nerve center.” There, he was responsible for quality control and policy coordination of all work streams associated with Secretary Lew.

We spoke by phone from his Harlem (New York City) home, regarding leadership and expectations.

Sandra Varner/Talk2SV: The Black Economic Alliance’s political action committee is one to be reckoned with; the organization has given clout, heft, and visibility to a number of viable candidates.

David G. Clunie: Indeed. BEA is a coalition of Black business leaders and allies who prioritize economic progress for the Black community. And, we are trying to bring a new perspective in addition to elevating the conversation around what it means for Black Americans to do well, why that goal is important, and inextricably tied to the success of the US economy. Everything we do–from our political action endorsing candidates or pushing for particular issues as well as our engagement with the private sector and our advocacy on legislation–is all about drivers of economic growth and closing the Black-White wealth gap; removing the obstacles to success for Black communities and what it means to the larger US economy, overall.

To demonstrate, a 2019 McKinsey & Company report shows, if you were to close the Black-White wealth gap, you could add some 4-6% growth to real US GDP by 2028. In more recent reports, findings indicate that racial inequality has cost the US economy, $16 trillion over the last two decades. These are examples of why we are doing the work we’re doing, to make right some very longstanding past wrongs, regarding Black people’s opportunity for economic growth.

Talk2SV: Based on what you’ve said, does the work of BEA lend itself more to legislative policy change or consumer and business economics?

Clunie: All of the above, as an organization, we use the extent of our reach as business leaders. Those who are closely tied to policy will impact the public, private, and nonprofit sectors. It’s our belief and approach that in order to have real systemic change, we need to be rowing in the same direction and pulling on levers in all arenas–industry, public, private, and nonprofits–to really see systemic change. We are doing everything from calling for legislation, helping draft legislation and, helping to push legislation that we think would help on the public policy side, also working closely with the private sector and business leaders. We approach “how” they do business with communities of color; how they’re making decisions internally; what culture they’re creating internally and externally, and how it impacts the economic success of Black Americans.

Sandra Varner/Talk2S

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Oakland Post: Week of October 30 – November 5, 2024

The printed Weekly Edition of the Oakland Post: Week of October 30 – November 5, 2024

Published

19 hours ago

November 1, 2024

Oakland Post

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Business

Chevron Reports Progress in Flaring, Emissions at Community Town Hall

At the first in a series of community town halls on Oct. 16, Chevron Richmond reported a reduction in year-over-year flaring incidents, both in number and duration, and detailed new technologies and processes that will further drive down emissions and heighten community awareness about operations. Chevron employees also answered questions from the community and listened to concerns at the town hall, which was hosted by Ceres Policy Research and held at CoBiz in downtown Richmond.

Published

5 days ago

October 28, 2024

Oakland Post

Community member Kathleen Sullivan speaks at the Chevron town hall. Photo courtesy Richmond Standard.

By Mike Aldax

The Richmond Standard

Chevron employees also answered questions from the community and listened to concerns at the town hall, which was hosted by Ceres Policy Research and held at CoBiz in downtown Richmond.

Similar town halls will be held twice per year over the next five years as part of a settlement agreement with the Bay Area Air Quality Management District (BAAQMD).

The goal is to increase transparency about flaring and increase opportunities for the community to get answers to their questions about potential impacts to the community.

A key output is the creation of a Community Action Plan, or CAP. The CAP aims to create a two-way dialogue between Chevron and neighbors around flaring and environmental compliance.

“Chevron’s focus in this process is one of learning and engagement,” said Brian Hubinger, public affairs manager at Chevron Richmond. “We felt the most efficient way was to bring together a broad selection of community members rather than just think about what it would take to comply with the settlement agreement.”

The first town hall drew a few dozen members of the community, including Chevron employees, representatives of fence-line neighborhoods and members of local environmental organizations.

During the event, Chevron employees reported that 19 BAAQMD-reportable flaring incidents occurred at the refinery from October 2022 to September 2023 with a total duration of 270 hours. During the same period this year, 18 flaring incidents occurred with a total duration of 159 hours, marking a 41% decrease in duration.

Further gains are expected with the implementation of Flare IQ, set to be installed this year and next on all of the refinery’s flaring systems. Flare IQ is described as a supercomputer with an algorithm that gathers data from operations and enables employees to address potential issues before they occur.

Chevron also reported a 40% decrease in particulate matter emissions since the completion of the refinery modernization project in 2018.

In addition, flare gas volume related to Chevron’s new hydrogen plant project, built as part of the modernization project, decreased by 85% since 2019. The hydrogen plant has also reportedly made the refinery 20% more efficient.

“We’re really proud about that,” said Kris Battleson, manager of health, safety and environment at Chevon Richmond.

Neighborhood council leaders joined the president of the local NAACP in lauding the effort toward transparency and accountability. Among them was Vernon Whitmore, president of the Sante Fe Neighborhood Council and member of the 15-person CAP committee.

“The way we were able to talk openly and freely with Chevron – honestly, bluntly and frankly – while developing this program was very good,” Whitmore said. “And it was something that was well-needed at this time.”

Still, residents are skeptical, including Kathleen Sullivan, a longtime community advocate who also serves on the CAP committee. But she added, “you can’t complain about something and not be involved in the solution.”

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Bay Area

S.F. Mayor London Breed Meets with Black Businesswomen Supporting Her Campaign

San Francisco Mayor London Breed met with 50 supporters at Cafe 22 in San Francisco’s Union Square hosted by cafe owner LaRonda “Sug” Smith, who is also president of the Enterprising Women Networking SF Chapter of the American Business Women’s Association. Wearing a royal blue pantsuit, Breed happily greeted the group of seniors, business owners, and longtime community members.

Published

5 days ago

October 28, 2024

Oakland Post

San Francisco Mayor London Breed addresses her supporters at a Meet and Greet at Cafe 22 on Mason Street in Union Square. Photo By Carla Thomas.

By Carla Thomas

Wearing a royal blue pantsuit, Breed happily greeted the group of seniors, business owners, and longtime community members.

The mayor stated that the race is a close one competing with wealthy opponents, however she feels confident in her track record of accomplishments, qualifications and being a native San Franciscan.

“My opponents may have the money, but I’ve got the people,” she said .

In response to COVID-19’s impact on Black-owned and serving businesses, in 2020 Mayor Breed launched the African American Revolving Loan Fund, providing zero-interest loans of up to $50,000.

In 2022, Mayor Breed ensured the loans nade to 51 businesses were forgiven. Through her ‘Opportunities for All’ initiative she ensured all 13- 24-year-olds have access to paid internships and a career pathway. Since its launch in 2018, the program has made over 10,000 placements. Ninety-five percent were people of color and 23% were African American.

In 2022, Mayor Breed launched the Black 2 San Francisco initiative hosting HBCU, Historically Black Colleges and Universities for summer programming, a part of her downtown economic recovery and revitalization efforts.

Launched in partnership with the San Francisco Department of Public Health and Expecting Justice, Breed provided a monthly income of $600-$1000 to expecting mothers of color to reduce the economic stress that leads to racial birth disparities.

The program was the first of its kind in the nation and will expand from 150 recipients to 425. Breed helped fund a new small business hub at the City’s African American Arts and Cultural District.

In 2021, Mayor Breed proclaimed Juneteenth as an official City holiday, celebrating the Black community’s resilience and emergence from slavery.

Mayor Breed also reinvested $60 million of City funds annually to assist the City’s Black community in breaking a cycle of poverty.

Business training assisted 350 entrepreneurs,

Over 50 businesses entered or renewed leases,
1,000 residents completed workforce training,
Over 50 families and seniors secured mortgages and 6,000 households were provided nutritional support.
1,000 hours of mental health support and 38,000 young people were provided support
Nearly 1,000 youth recieved literacy and mentorship support, and nearly 40 educators were supported.

“A people that are 5% of the population, should not be 40% of the homeless population or condemned to poverty,” said Breed. “It’s not all about the numbers, but the overall disparity.”

Breed says she understands the plight of the underserved and is a mayor for all people but the data shows the African community left behind.

“When you uplift a community, you uplift the City and we invested in the Latino communities and in the Stop Asian Hate movement with resources to address those challenges,” said Breed. “Because ultimately, as mayor, it is my job to serve and protect all of the City.” “I’ve helped over 20,000 exit homelessness and increased our shelter capacity by 70%.”

The attacks Mayor Breed has experienced recently have reminded her that being a Black woman, you have to work twice as hard and yet be unfairly and overly scrutinized. However, Breed says she will continue to fight to lead San Francisco for another term.

“Mayor London Breed is for our people and all people in this city,” said LaRonda Smith who was awarded a proclamation from the mayor’s office. “This city is her community, she cares and has supported so many communities, organizations, and small businesses to prove it.” The event also served a celebration of Cafe 22’s three years in business at 325 Mason St. in San Francisco.

Attendees included business owners Del Seymour of Code Tenderloin, Velma Landers and Idella Hill of the ABWA, and Julianne Banks.