Women take yoga classes with instructor Ivana Nedelchev at La Luz Center in Sonoma. La Luz Center was one of four North Bay, Latino-led organizations, who received a portion of $1 million in grant funding from the Latino Community Foundation. (Ricardo Ibarra / La Prensa Sonoma)

Latino Community Foundation to Invest $1 Million to Support Latino Entrepreneurship in Sonoma County, Elsewhere

The Latino Community Foundation announced that it will distribute $1 million in grants to 17 Latino-led organizations that work with California entrepreneurs.

The state currently has the largest number of Latino-owned small businesses, generating nearly $120 billion in revenue, state officials said in a news release last week.

“From investing in anchor community organizations to Latino-led Community Development Financing Institutions, these organizations are supporting our food and street vendors with critical relief and advocacy funds, creating innovative business models, and strengthening credit continuity for Latino entrepreneurs.” said Veronica Vences. , business fund director of the San Francisco-based nonprofit Latino Community Foundation.

“Together, they will reach more than 150 Latino entrepreneurs from the North Bay Area to San Bernardino and build a more fruitful ecosystem in which these entrepreneurs can thrive.”

Of the 17 organizations, five in the Bay Area and four in Northern California will receive funding.

In Northern California: La Luz Center; Sonoma County Small Business Hardship Fund; North Bay Jobs with Justice; and Creser Capital Fund.

In the Bay Area: El Centro Latina; Community Partners Center; Community Development Thrives; DSAL/Dig Deep Farms of Alameda County; and Veggielution.

The investment is part of the foundation’s Latino Entrepreneurship Fund, which was created to build economic power. The investment will also support organizations that will increase small business access to financing, provide technology support to entrepreneurs, and help Latino business leaders establish and build generational wealth.

Max Bell Alper is the executive director of North Bay Jobs With Justice in Santa Rosa, a labor rights organization that focuses on the rights of immigrant and indigenous workers. He said the organization appreciates the grant, which will fund training sessions to help low-wage immigrant and indigenous workers find jobs in environmental adaptation.

“This support is really significant,” he said. “We have been working in close partnerships to provide trainings for farmworkers and disaster restoration workers on climate adaptation and resilience work.”

Sara Edwards is the business reporter for The Press Democrat. She can be reached at 707-521-5487 or sara.edwards@pressdemocrat.com. Follow her on Twitter @sedwards380.

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