California Diversity Awards Celebrates Achievements and Highlight Growth of Diverse Small Businesses

(CBM) – The California African American Chamber of Commerce, the CalAsian Chamber of Commerce and Hispanic Chambers of Commerce hosted their third Annual Diversity Awards on June 27 in Sacramento. The awards luncheon celebrated corporate, legislative, and business leaders& who are champions of small diverse businesses in California. The program also featured highlights from a report commissioned by the California Office of the Small Business Advocates (CalOSBA), aimed at understanding the significant impact small businesses have on the state. “We like to think of the economy as something where there’s always some government agency collecting information, but it’s& remarkably hard& to get into the trenches and figure out what’s& really& happening at the ground level,” said Chris Thornberg, an economist who authored the report. “Last year was the beginning of pulling this together with the help of CalOSBA, the chambers and sponsors. This year, we expanded and improved the processes, adding data from the American Community Survey to get a better sense of the diverse business community.” The report’s findings highlight the importance of small and diverse businesses in California. Collectively, they generated about $443 billion in 2019, representing nearly half a trillion dollars. Although this figure dropped slightly in...