With the theme “Driving Equity Through Economic Innovation,” discussions at the CAACC summit focused on the intersection of policy and commerce, aiming to widen access to California’s economic landscape for historically underfunded communities.
By Antonio Ray Harvey
Post Group News
https://www.postnewsgroup.com/
In step with its commitment to drive economic growth, equity, and wealth creation for African American businesses in the Golden State, the California African American Chamber of Commerce (CAACC) held its third annual California American Economy Summit at the Kimpton Sawyer Hotel in Sacramento on Jan. 28.
Organized by CAACC President and CEO Ahmad Holmes, along with CB Communications, members and the board of directors of the statewide organization shared the group’s current priorities and talked about its growing influence across California.
“This is about all of the information we are gathering for our CAACC membership that trickles down to all the chambers across the state,” said Chairperson Patricia Watts, who is also the proprietor of Cerritos-based FCI Management, an energy and water consulting firm.
“The idea is that we are one voice — especially when it comes to policy issues and information sharing. We’re only stronger if we work together,” Watts said, speaking about the CAACC’s growing influence.
With the theme “Driving Equity Through Economic Innovation,” discussions at the CAACC summit focused on the intersection of policy and commerce, aiming to widen access to California’s economic landscape for historically underfunded communities.
The agenda included plenary sessions with topics covering building economic power through artificial intelligence (AI), strengthening Black businesses, increasing state contracting opportunities and cross-sector collaboration to drive business growth.
“We’re grateful for all the entrepreneurs that were here, all the corporate leaders, the policymakers, investors, and community champions all in one single room,” Holmes said.
Gov. Gavin Newsom delivered a video message opening the summit.
State officials like California State Controller Malia Cohen and State Treasurer Fiona Ma also attended.
Ma participated in a fireside chat with Regina Brown Wilson, the Executive Director of California Black Media (CBM).
Their conversation focused on economic development, infrastructure investment, and fiscal stewardship aimed at driving long-term growth in California. In addition, Ma shared insights into state-level initiatives to expand access to capital and support the growth of small businesses for underserved entrepreneurs.
Closing out the event, Toks Omishakin, California secretary of the State Transportation Agency; Danetta Jackson of the Department of General Services; and former Major League Baseball player and 2022 World Series–winning manager Dusty Baker were honored with community recognition awards.
Derek Smith, a CAACC board member who chairs both the Audit Committee and the Political Action Committee, said the organization continues to expand its membership, raise its profile, and execute a strategic plan to reach every region of the state.
“This summit is the best one I’ve ever been a part of. We are becoming a force, and I think the state has been waiting for someone to step up,” Smith says. We had a few chambers out there, but we’re finally stepping in and taking control. We’re going to lead for as long as we can.”
