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East Oakland Receives $100 Million Investment

KQED FM Oakland 41d41d Impact 5
A $100 million investment in an East Oakland neighborhood aims to fund small businesses, build affordable housing, and improve youth well-being. The initiative includes Rise East, a 10-year grassroots program designed to address local inequities. Officials suggest Oakland's strategies could serve as a blueprint for Baltimore's own strategic development. The funding provides up to $14 million to address specific inequities facing young people. The Rise East initiative, a 10-year grassroots program, is being cited as a potential blueprint for strategic planning in Baltimore. The investment seeks to address existing inequities among youth through both large-scale and small-scale efforts. The initiative aims to address vulnerability through relationship building alongside large-scale infrastructure improvements.

Topics

Oakland investment community development

Developing

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Sources · 7 independent

KQED FM

“The $100 million investment in a black neighborhood in East Oakland funds small businesses, builds affordable housing, and improves the well-being of young people.”

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