Nominations and applications for the EY Entrepreneurial Winning WomenTM North America program are now open. Launched in 2008, the program targets women founders who have built profitable small companies with the potential to scale sustainably. Selected participants gain evergreen access …
Continue ReadingCategory Archives: Racial Justice and Economic Equity
JPMorgan Chase Commits $5M to Black, Hispanic, and Latino-Owned Businesses Through Dollar-for-Dollar Diverse Supplier Grant Initiative
JPMorgan Chase recently launched the Diverse Supplier Grant Initiative, a first-of-its-kind grant program aimed at providing Black-, Hispanic-, and Latino-owned businesses with the access to capital they need to secure corporate contracts. Access to capital – or lack thereof – …
Continue ReadingBlack and Latino Early-Stage Businesses Invited to Apply for Second Cohort of Black Ambition Competition; Win Cash and Investment Prizes Up to $1M
If people of color and women were supported and provided resources to succeed as entrepreneurs at the same rate as white men, the United States could add 1.1 million new businesses and nine million new jobs to the economy. This is …
Continue ReadingNew Report Shows Racism Discourages Black Businesses from Funding
Black Enterprise Jeffrey McKinney March 23, 2022 While multiple reports have shown rising interest in financing Black-owned small businesses, a new study shows an underlying problem still remains. According to the “State of Minority Business, March 2022” report by Creative Investment …
Continue ReadingStudy Shows Black Workers Twice As Likely to Make Less Than Whites
Black Enterprise Jeffrey McKinney March 18, 2022 The pay gap continues to widen for Black Americans, making it an ongoing and disturbing issue. A new study by Real Estate Witch reveals 26% of Black workers are two times as likely …
Continue ReadingUS House Passes CROWN Act Banning Hair Discrimination, Bill Headed to Senate
Black Enterprise Jersolyn Johnson March 18, 2022 On Friday, the Democratic-led US House of Representatives passed the CROWN Act that bans race-based hair discrimination in the workplace. CNN reports that the CROWN Act, an acronym for “Creating a Respectful and Open World …
Continue ReadingWells Fargo Report Shows Black Americans Have Made Real Economic Progress in Recent Years
Black Enterprise Derek Major March 14, 2022 A Wells Fargo Economic Group report shows Black Americans have made significant economic progress in recent years, taking control of their financial futures. According to Wells Fargo, 35% of Black women in the U.S. owned …
Continue ReadingEntrepreneurs Seeking a Brick-And-Mortar Space in Detroit, Highland Park, or Hamtramck Encouraged to Apply to Comerica Hatch Detroit Contest
Comerica Bank and Hatch Detroit announced the return of the Comerica Hatch Detroit Contest on Tuesday, March 15, along with a $100,000 donation from Comerica Bank to this year’s winner. Launched in 2012, the contest aims to promote small business …
Continue ReadingH&M Extends Partnership with Buy from a Black Woman to Empower and Inspire Black Women
Black Enterprise Derek Major March 10, 2022 H&M and Buy From a Black Woman (BFABW) have announced they will continue their partnership for another year to support Black female entrepreneurs. The retail giant will continue to support Black female small business owners …
Continue ReadingApply Now: FedEx Launches a Second E-commerce Learning Lab Program for Minority Small Business Owners
Black Enterprise Kay Rose March 11, 2022 Are you a woman-owned minority small business owner wondering how to take your small business online? Not sure what the best e-commerce platform is for small business owners? Wondering how to launch a successful small …
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