Mayor Michael Tubbs and the Stockton Strong Coalition Launch the Juneteenth Capital Initiative
A funding effort to support nonprofits that serve the Black and African American communities and black-owned businesses
For questions to the Office of Mayor Michael Tubbs: Daniel Lopez, 209-292-3516
For questions about the Stockton Strong Coalition: Keegen Gillette, 615-668-6378
Stockton, CA – On Wednesday, August 19th, 2020 Mayor Michael Tubbs, the African American Chamber of Commerce of San Joaquin, Stockton Branch NAACP, Reinvent Stockton Foundation, Stockton Strong Coalition, and the Community Foundation of San Joaquin will launch the Juneteenth Capital Initiative, an effort to support the work of Black and African American-led non-profit organizations and small businesses in Stockton.
“Throughout this country, all races of people have taken to the streets to protest against systemic racism and to assert that Black Lives Matter,” said Mayor Michael Tubbs. “Accordingly, in Stockton we are committed to providing opportunity for all. The Juneteenth Capital Initiative is a great collaboration towards creating opportunity for all people, especially given the disproportionate economic impacts that COVID-19 is causing for our communities.”
In a partnership between the African American Chamber of Commerce and the Stockton Branch NAACP, with the generous combined funding of $165,000 from Bank of America, A.G. Spanos Companies, and the Stockton Strong COVID-19 Response Fund, the Juneteenth Capital Initiative will support the Black and African American communities in Stockton. This will direct grants to support nonprofit organizations and build the capacity of the African American Chamber of Commerce of San Joaquin.
“At Bank of America we recognize that the current health and humanitarian crisis is having a disproportionate impact on people and communities of color, exacerbating already precarious economic conditions for many,” shared Market President Matt McCormack. “We are pleased to contribute to this initiative to help provide economic opportunity for the Black and African American community in Stockton.”
Nonprofit organizations, nominated by the African American Chamber of Commerce and NAACP, have an established record for serving the community, and will receive grants between $5,000-$20,000. Many of the impacted nonprofit organizations have financial needs exacerbated by the pandemic and continue to provide services addressing the greatest needs in Black and African American communities. The Juneteenth Capital Initiative is a foundational step in strengthening support for the Black and African American community in Stockton.
To learn more or contribute to the program, please visit www.stocktonstrong.org or email email@example.com. If you are interested in interviewing any of the partners, please contact the numbers listed above..