California African American Chamber of Commerce Showcases Growing Influence at Annual Summit

The organization lays out top goals to drive economic equity and innovation for Black-owned businesses across the state.

Published on Feb. 9, 2026

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The California African American Chamber of Commerce (CAACC) held its third annual California American Economy Summit in Sacramento, bringing together entrepreneurs, corporate leaders, policymakers, investors, and community champions to discuss strategies for expanding economic opportunities for historically underfunded communities. The summit focused on topics like building economic power through artificial intelligence, strengthening Black businesses, increasing state contracting, and cross-sector collaboration.

Why it matters

The CAACC is emerging as a powerful voice advocating for the growth and prosperity of African American-owned businesses in California. As the state's economy continues to evolve, the organization is working to ensure that Black entrepreneurs and companies have equitable access to resources, contracts, and support to thrive.

The details

The summit, organized by CAACC President and CEO Ahmad Holmes, featured plenary sessions and panel discussions on key issues facing Black-owned businesses in California. Speakers and honorees included state officials like Controller Malia Cohen and Treasurer Fiona Ma, as well as transportation secretary Toks Omishakin and former MLB player Dusty Baker. CAACC board members emphasized the organization's growing influence and strategic plan to expand its reach across the state.

  • The CAACC summit was held on January 28, 2026 in Sacramento.
  • The event marked the third annual California American Economy Summit organized by the CAACC.

The players

California African American Chamber of Commerce (CAACC)

A statewide organization committed to driving economic growth, equity, and wealth creation for African American businesses in California.

Ahmad Holmes

The President and CEO of the CAACC, who organized the annual summit.

Patricia Watts

The Chairperson of the CAACC and the proprietor of Cerritos-based FCI Management, an energy and water consulting firm.

Derek Smith

A CAACC board member who chairs both the Audit Committee and the Political Action Committee.

Gavin Newsom

The Governor of California, who delivered a video message opening the CAACC summit.

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What they’re saying

“This is about all of the information we are gathering for our CAACC membership that trickles down to all the chambers across the state. The idea is that we are one voice — especially when it comes to policy issues and information sharing. We're only stronger if we work together.”

— Patricia Watts, Chairperson, CAACC (postnewsgroup.com)

“We're grateful for all the entrepreneurs that were here, all the corporate leaders, the policymakers, investors, and community champions all in one single room.”

— Ahmad Holmes, President and CEO, CAACC (postnewsgroup.com)

“This summit is the best one I've ever been a part of. We are becoming a force, and I think the state has been waiting for someone to step up. We had a few chambers out there, but we're finally stepping in and taking control. We're going to lead for as long as we can.”

— Derek Smith, Board Member, CAACC (postnewsgroup.com)

What’s next

The CAACC plans to continue expanding its membership, raising its profile, and executing a strategic plan to reach every region of the state.

The takeaway

The CAACC's annual summit demonstrates the organization's growing influence and its commitment to driving economic equity and innovation for Black-owned businesses across California. By bringing together diverse stakeholders, the CAACC is positioning itself as a powerful voice advocating for the success and prosperity of the state's African American entrepreneurial community.