Sacramento, CA, February 5, 2026
The California African American Chamber of Commerce (CAACC) emphasized its mission to promote economic equity for Black-owned businesses during the 2026 Economy Summit in Sacramento. CAACC President Ahmad Holmes highlighted numerous strategic objectives, including leveraging artificial intelligence and enhancing state contracting opportunities. With support from state officials, the summit sought to foster collaboration across sectors and improve access to capital for Black entrepreneurs. Recognition awards were presented to notable figures for their contributions to African American business advancement, reinforcing the importance of equitable economic initiatives.
California African American Chamber of Commerce Sets Objectives at 2026 Economy Summit
Driving Economic Equity in California
Sacramento, CA – The California African American Chamber of Commerce (CAACC) showcased its growing influence by outlining essential objectives at the third annual California American Economy Summit held on January 28, 2026, at the Kimpton Sawyer Hotel in Sacramento. The summit, themed “Driving Equity Through Economic Innovation,” focused on enhancing economic opportunities for African American businesses throughout California.
CAACC’s Commitment to Economic Growth
The summit featured CAACC President and CEO Ahmad Holmes, who emphasized the organization’s determined mission to foster economic growth, equity, and wealth creation specifically aimed at African American businesses. Highlighted during the summit were vital discussions on leveraging artificial intelligence (AI) to build economic power, enhancing the capacity of Black businesses, increasing opportunities for state contracting, and promoting collaborative efforts across sectors. The summit served as a proactive initiative aimed at improving access to capital for Black entrepreneurs, reinforcing how access to resources can drive business success.
Support from State Officials
Notable attendees at the summit included California State Controller Malia Cohen and State Treasurer Fiona Ma. Their participation underscored the importance of equitable economic support for Black-owned businesses. Malia Cohen discussed the State Controller’s Office role in assisting small businesses, while Fiona Ma addressed various state-level initiatives designed to expand access to funding and support for underserved entrepreneurs. Their contributions highlight the state’s commitment to empowering diverse business communities, which ultimately play a significant role in fueling California’s economy.
Strategic Plans for Broader Impact
The future direction of the CAACC involves expanding its membership and influence across the state. Board member Derek Smith noted the organization’s ongoing commitment to hosting summits and conferences in various locations, including an expansion to cities like San Diego, the Central Coast, and the Central Valley. This initiative aims to engage diverse regions and increase the chamber’s presence in advocating for business advancement. Smith recognized the importance of leadership in driving this mission forward, stating a distinct momentum building within the organization.
Acknowledging Community Leaders
As the summit concluded, several community recognition awards were presented to individuals who made noteworthy contributions to the advancement of African American businesses. Honorees included Toks Omishakin, California Secretary of the State Transportation Agency; Danetta Jackson, Statewide Supplier Diversity Program Manager at the California Department of General Services; and Dusty Baker, a prominent figure in Major League Baseball. Such recognitions demonstrate the collaborative efforts between CAACC and leaders across various sectors aimed at promoting economic equity.
About CAACC’s Mission
The California African American Chamber of Commerce serves as a vital voice and resource for African American businesses statewide. By organizing impactful events like the Economy Summit, CAACC addresses the challenges faced by Black entrepreneurs while creating viable pathways for economic advancement. The chamber’s initiatives are centered on policy advocacy, business development, and building partnerships that contribute to the sustainability of Black-owned businesses in California.
Frequently Asked Questions (FAQ)
What is the California African American Chamber of Commerce (CAACC)?
The California African American Chamber of Commerce (CAACC) is a leading voice and resource for African American businesses statewide, focusing on policy advocacy, business development, and fostering partnerships to promote economic growth and equity.
What was the theme of the 2026 Economy Summit?
The theme of the 2026 Economy Summit was “Driving Equity Through Economic Innovation,” focusing on enhancing economic opportunities for African American businesses in California.
Who were the notable attendees at the summit?
Notable attendees included California State Controller Malia Cohen and State Treasurer Fiona Ma, who delivered addresses on equitable economic growth and support for Black-owned businesses.
What are CAACC’s future plans for expansion?
CAACC plans to extend future gatherings to San Diego, the Central Coast, and the Central Valley, aiming to reach every region of the state and expand its influence.
Who were the community recognition awardees at the summit?
The summit honored Toks Omishakin, Danetta Jackson, and Dusty Baker for their significant contributions to the advancement of African American businesses in California.
Key Features of the 2026 Economy Summit
| Feature | Description |
|---|---|
| Theme | Driving Equity Through Economic Innovation |
| Location | Kimpton Sawyer Hotel, Sacramento, CA |
| Keynote Speakers | California State Controller Malia Cohen and State Treasurer Fiona Ma |
| Focus Areas | Artificial Intelligence, Strengthening Black Businesses, State Contracting Opportunities, Cross-Sector Collaboration |
| Community Recognition Awardees | Toks Omishakin, Danetta Jackson, Dusty Baker |
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