Oakland already has the talent and the mentors to make this a success, but the argument is the Black businesses are too often over-mentored yet underfunded. Brown and Kidd believe this injection of working capital is the missing piece.
Anser HassanNBA greats Jaylen Brown and Jason Kidd, who have ties to Oakland, are launching a new initiative to invest in the city called the Oakland XChange.NBA greats Jaylen Brown and Jason Kidd are coming to Oakland to play, but not on the basketball courts they are known for. The two NBA All-Stars, with ties to Oakland, are launching a new initiative to invest in Oakland called the"Today was a great day to commence. Being able to identify the next location.
Kidd says Oakland already has the talent and the mentors to make this a success. But the argument is the Black businesses are too often over-mentored yet underfunded. They believe this injection of working capital is the missing piece. "What they can fund is the acquisition of real estate assets, which brings the cost of space down significantly by owning those assets. Also allows us to invest in those spaces knowing they will be in the community in perpetuity," explains Trevor Parham, founder of Oakstop, one of the partners in Oakland Xchange.
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