Mayor Bass Hosts Roundtable with Regional CAL Black Chamber of Commerce to Support Black-Owned Small Businesses in Los Angeles

Today’s roundtable with the Regional CAL Black Chamber of Commerce was a significant and productive event that brought together key players from the business community and government to discuss how the city is supporting Black-owned small businesses. The discussion was centered around the theme of ensuring that these businesses not only survive, but thrive in the city. The meeting was attended by prominent business owners, city officials, and community leaders, and was a testament to the importance of working together to create a more inclusive and equitable business environment.

The meeting opened with welcoming remarks from the President of the Regional CAL Black Chamber of Commerce, who emphasized the importance of Black-owned small businesses in the city and the need for greater support and resources to help these businesses succeed. The discussion then shifted to the various initiatives and programs currently in place to support Black-owned small businesses, including loan and grant programs, technical assistance, and mentorship opportunities.

City officials also shared their plans for increasing support for Black-owned businesses in the future. One of the key initiatives discussed was the creation of a new business incubator specifically for Black-owned businesses, which will provide a supportive environment for entrepreneurs to start and grow their businesses. The city also plans to provide increased funding for loan and grant programs and to work closely with community organizations and the private sector to provide additional resources and support.

The roundtable also provided a platform for business owners to share their experiences and offer insights into the challenges and opportunities facing Black-owned businesses in the city. Many of the business owners spoke about the lack of access to capital, the challenges of navigating complex regulations and paperwork, and the need for more mentorship and networking opportunities. They also shared their success stories and the positive impact that the city’s support has had on their businesses.

In conclusion, the roundtable was a valuable opportunity for city officials, business owners, and community leaders to come together and discuss the challenges and opportunities facing Black-owned small businesses in the city. The meeting demonstrated the commitment of the city to supporting these businesses and the importance of working together to create a more inclusive and equitable business environment. The Regional CAL Black Chamber of Commerce will continue to work closely with the city to ensure that Black-owned businesses have the resources and support they need to succeed.