OAKLAND, Calif., Nov. 29, 2017 /PRNewswire/ — Now in its 18th year, the Alliance for Community Development (“The ALLIANCE”) is proud to launch the Bay Area Entrepreneurship Alliance (BAE Alliance) at its ninth “Bay Area Capital Connections” (BACC9) conference on December 2, at the Impact Hub in Oakland, California. BAE Alliance, a membership-based organization consisting of local entrepreneurs as well as business, finance, personal and environmental support providers, will work to increase access to opportunity and capital for the economic growth of businesses and start-ups owned by underrepresented entrepreneurs across the Bay Area. All BAE Alliance members share in a mutual commitment to inclusivity, diversity, equity, accessibility, local leadership, and sustainability.
To jump-start the new initiative, this year’s BACC9 will connect diverse Bay Area entrepreneurs with key stakeholders across the “Entrepreneurship Ecosystem” through a full day of programming featuring:
Keynote speakers include:
“We believe entrepreneurship is a team sport. Think about all the support a venture-backed company receives. In addition to capital, that company receives high caliber marketing, product development, human resources, legal advice, web support, and more. Now think about the resources a local, diverse entrepreneur trying to start their own business has access to. This disparity in resources and support contributes to disparity in outcomes. We’re on a mission to change that,” said Nayeli Maxson, Executive Director, the ALLIANCE. “We’re thrilled to be gathering people with skills, access to capital, ideas, guidance, decision-making authority, and robust networks to support local entrepreneurs, giving them the same level of support as the most highly valued venture-backed companies. BACC9 and the launch of our BAE Alliance will establish a system to give our own local entrepreneurs all of that support.”
BACC10 will take place in June of 2018 and will include reports on progress made by the featured entrepreneur
s speakers from this year’s BACC9 conference.
ABOUT THE ALLIANCE FOR COMMUNITY DEVELOPMENT
The Alliance for Community Development (“The ALLIANCE”) is a 501(c)(3) nonprofit dedicated to increasing access to capital for underrepresented entrepreneurs including but not limited to women, people of color, veterans, people who identify as LGBTQ, people with disabilities, low-income people, and youth. The ALLIANCE was started in 1999 by leaders in small business and economic development in the Bay Area who were concerned that many promising and potentially fast-growing businesses in the underserved geographic areas and industries could not access equity capital. As discussion proceeded, the Alliance developed the idea that a venture capital fund, if of sufficient scale and with supportive services, could achieve two bottom lines: market rate financial results and the creation of new jobs and other benefits for residents of low-income communities. The ALLIANCE now runs a 24-hour text hotline for Bay Area entrepreneurs who need support. For more information visit: http://alliancecd.org
ABOUT THE BAY AREA ENTREPRENEURSHIP ALLIANCE
The BAE Alliance is brought to you by the ALLIANCE for Community Development. BAE Alliance members are entrepreneurs, business support providers, financial support providers, personal support providers, and environmental support providers who are committed to the following IDEALS: Inclusivity, Diversity, Equity, Access, Local leadership, and Sustainability. For more information visit: http://alliancecd.org/membership/
SOURCE Alliance For Community Development