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Council recognizes Operation HOPE; council office and nonprofit to provide $1.2 million for small-business scholarships in CD10
Summary
Councilmember Heather Hutt and Operation HOPE marked the nonprofit's 33rd anniversary; Hutt announced a partnership to provide $1.2 million in scholarship grants for Black-owned small businesses in Council District 10 through Operation HOPE's 1,000,000 Black Business initiative and corporate partners.
Councilmember Heather Hutt presented John Hope Bryant, founder and CEO of Operation HOPE, to the City Council on May 9 and announced a partnership to direct $1.2 million in scholarship grants to small businesses in Council District 10.
Hutt described the funding as a CD10 initiative implemented through Operation HOPE's 1,000,000 Black Business program, in partnership with corporate supporters such as Shopify. The program will provide business training, one-on-one coaching and resources to support Black and brown entrepreneurs in the district.
John Hope Bryant told the council Operation HOPE has provided financial-literacy services for 33 years and described the $1.2 million as non-government funds coming through Operation HOPE and Shopify to support emerging Black and brown businesses. "This is not government money," Bryant said in the chamber, describing the commitment as private philanthropic resources allocated to training and e-commerce support.
Hutt presented a City of Los Angeles certificate recognizing Operation HOPE's anniversary and the new partnership. Speakers noted the partnership aims to prepare small businesses for a busy event period in Los Angeles, including the FIFA World Cup and Olympics.
