Last week, Transform Finance partnered with Solidago Foundation to host a one-day training for Democratizing Capital East Bay (DCEB), a collaborative led by grassroots organizations based in Alameda and Contra Costa county.
DCEB will support the creation of a professionally-managed community-governed capital fund that supports East Bay enterprises through patient and flexible capital that meets social justice standards. DCEB is centered in principles of localism, supporting historically disadvantaged communities, promoting just workplace and environmental practices, and new pathways to political power for those who have had less of it.
Through the training, participants learned about the East Bay’s capital gap, broad mechanics and structure of a capital fund, and how a fund could support their movement work.
Given the local need, as well as the potential for a community-controlled capital fund, we are so excited to support DCEB and see it transform the East Bay!