Black Food Collective’s overarching goal is to provide funding for thirty black-owned food businesses in five years. We plan to invest in restaurants, bars, food trucks, and grocery store products and provide them with all the tools necessary to get their business up and to run. Companies will be able to participate in our “Food Incubator Program,” located in Town Hall Oakland, and allow members of the Black Food Collective to enhance their businesses and ensure they will thrive in the culinary industry. Our goal is to invest at least $200,000 in each company to make this possible. In return, we will acquire equity in each business. By providing these funds and resources, we are creating a platform for black-owned businesses to build off of to achieve financial security, elevate the black community, and add diversity to the culinary industry.
Black Food Collective(BFC) is on a mission to uplift the black community by developing black-owned food businesses through investments, educational workshops, and networking events. BFC is an impacting investment company. Through the BFC, investors give money to black-owned food businesses to allow them to develop their business in exchange for equity in their company. These investors are impact investors because they elevate the black community by supporting black-owned businesses, adding diversity to the culinary industry, and helping people achieve financial stability. BFC provides resources such as accounting, marketing, and operations to help these businesses get up and running. In addition, the BFC has a Food Incubator Program which develops the companies they are investing in and helps them thrive in the culinary industry. The BFC participates in many events, including Afro Tech Conference, Amazon’s Black History Month Celebration, and Facebook Juneteenth, which have collectively generated over $150,000 for our members thus far. In the future, the Black Food Collective will participate in various events, including Afro Tech, Black Food Collective Night Market, Feeding the Soul event, and Feeding Tech event, which will allow our members to network within the culinary community and create a following. Through these events and the educational and monetary resources we provide to these businesses, Black Food Collective can transform black-owned restaurants and allow them to thrive in the culinary industry.