Entrepreneur Tegsti Woldemichael says her future is bright.
Pandemic lockdowns may have slowed their growth in 2020, but their outlook is changing. Women-owned retailers and operators are poised for growth as businesses reopen their doors.
Entrepreneur Tegsti Woldemichael says her future is bright. This month she is opening an Italian-inspired bakery and deli called La Dolce Vita near the MacArthur BART station in Oakland. New countertops, floors, and baking equipment were purchased with an SBA small business loan. “I’m very excited for people to come into my place,” she said. Her current optimism is born from the months she struggled to navigate last year after Covid-19 food service rules shuttered her other retail business, spice company Shamden Spice. Headquartered in Oakland, Shamden Spice represented four years of hard work to grow it into a national retailer of Ethiopian and Eritrean spices. Pandemic food service closures shut down Ms. Woldemichael’s warehousing and operations.
CBB Community Partner—Oakland Black Business Fund.
Riekes Center Finds Its Way Home
Community Bank of the Bay Steps Up for Riekes Center at a Critical Moment
“We wouldn’t be here if it wasn’t for the Community Bank of the Bay. At a time when it was very difficult, we had to buy our building,” said Gary Riekes, Founder and Executive Director of the Riekes Center. After more than 20 years in its Menlo Park location, the center’s home—an old industrial building—went up for sale in 2017 and Gary had one month to purchase it or move.
Tim Little and Jill Ratner discuss The Rose Foundation and CBB’s shared commitment to improving the fabric of life in Oakland.
President, UrbanCore Development, LLC
“The Coliseum project… is a 110-unit mixed income property. We have our operating accounts for the property with Community Bank of the Bay, mainly because of the customer service they provide, which is important to us. Also, we wanted to work with a community-based bank.”