February 19, 2025
The Boston Celtics participant has the same program in Boston, BostonXChange
Boston Celtics celebrity Jaylen Brown has introduced the newest initiative to assist Black-owned companies within the Oakland, California, group.
Copying the success of one other program began by the Celtic champion, OaklandXChange was launched in California after Brown initiated the same initiative in Boston, BostonXChange (BXC), the place he has created alternatives for Black entrepreneurs on the East Coast.
In accordance with Sports activities Illustrated, throughout NBA All-Star Weekend, Brown launched the mission at a Corridor of Fame Luncheon in San Francisco. He said that he’s bringing this program to the Bay Space to increase the probabilities for Black-owned companies to thrive as those which have carried out so within the Boston space.
Jaylen Brown pronounces a brand new enterprise district and incubator program as a part of his Xchange fund in a speech at a group luncheon at Oakstop in Oakland pic.twitter.com/kZwpd0HYEM
— Celtics on CLNS (@CelticsCLNS) February 14, 2025
“I’m very excited to announce that we’re shedding gentle on what’s happening in Oakland,” Brown mentioned. “We don’t need issues to be forgotten about, me utilizing my platform to proceed to deliver consciousness, proceed to deliver gentle and a focus to Oakland, as a result of we all know what occurs when it’s forgotten about.”
Brown is doing this in collaboration with the JLH Fund. They are going to present underrepresented creators in Oakland with $100,000 in grant funding whereas giving them entry to workspaces and enterprise providers which have been valued at over $150,000. Together with that, folks and companies that take part in OaklandXChange may also profit by being provided three years of teaching. They may also be assisted in launching initiatives in numerous fields, together with design, arts, media, leisure, style, and culinary arts. This can assist the group meet its aim to empower visionaries and assist their companies thrive, creating sustainable financial development in Black communities.
This initiative is being carried out with the help of Dallas Mavericks and former NBA participant Jason Kidd.
When the initiative was first introduced in August 2024, it was revealed that it aimed to create $5 billion in web value for traditionally marginalized communities within the Oakland space.
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