Top Stories
*Supporting Our Own: Why We Must Shop Black-Owned This Holiday Season (Black Star News)- With efforts to shop Black- owned businesses the foundation of generational wealth in the community can strengthen.
*Black and Brown Women Get Serious Roles in Business and Boardrooms (The Washington Informer)- The ‘C-Suite’ tour by Stephanie Tavares- Rance was created so women can connect and network with one another.
*How climate change impacts Black populations in the U.S. (New York Business Journals)- The negative effects of climate change pose a concern not only socially, but economically for black residents.
*VC Office Hours: Unlocking the farmers’ market with Black Farmer Fund (Tech Crunch)- Today, one in 100 farmers are Black, owning less than 5 million acres and losing $326 billion in land and value.
*Racial Disparities in Farm Loan Application Processing: Are Black Farmers Disadvantaged? (Cision PR Web)- Recent findings say FSA direct loans for Black farmers took about 2 days longer on average than loans for all other farmers to be completed and processed.
Black Investors Take Back a Legal Tool to Restore Affordable Housing (South Side Weekly) – Black investors are taking advantage of receivership programs to purchase foreclosed homes
The Racial Wealth Gap in New York (NYC Comptroller)
Walter E. Williams, Black voice of libertarian economics, dead at 84 (Pittsburgh Courier)
Barbados Says It Is Owed $4.9 Trillion in Reparations For Slavery (The Independent)
The State of U.S. Wealth Inequality (St. Lous Fed)
Black Business
Black-Owned Brand Creates Travel Gear Celebrating Kids of Color (Chicago Defender)
What Holiday Season Support Means For Black Businesses (Forbes)- Supporting Black businesses can contribute to growing Black wealth and prosperity.
BNPL Transactions Surge on Cyber Monday, But Concerns Rise Among African Americans (The Washington Informer)- Black consumers are 63% more likely than White consumers to use Buy Now, Pay Later platforms, according to data from Consumer Financial Protection Bureau.
Empowering holiday spending: supporting ‘Buy African and African American’ initiatives (New York Amsterdam News)
How Virginia is marking history and highlighting culture to attract Black tourists (The Virginian-Pilot)- There are many groups involved with the effort to attract Black tourists to Virginia, through a showcase of history and spotlight on Black-owned business.
Empower Your African American Enterprise With SBA 7 (A) Loans (Black Star News)
Charlotte ranks high on the list for Black entrepreneurs. Why is that? (WCNC) –
Best Places for Black Entrepreneurs – 2023 Edition (Smart Asset) – Austin, Atlanta and Charlotte. The study looked at the number of Black owned businesses, new business success and income and job security.
Challenges Beyond Finances Lead to Black Business Closures (Dallas Weekly)
New Pew study shows Black news consumers favor local over national media coverage (wlrn.org)- Black news consumers think local reporters do a better job of covering Black communities than the national media.
Black Excellence is the Focus of PRA Group’s Newest Employee Resource Group (Cision PR Newswire)- Black Excellence will provide a space where PRA Group colleagues can engage in a community that celebrates and embraces Black culture around the globe.
Feisty Spices, a Black women owned brand, is being sold at Wal-Mart. (Blavity)
Black, women’s business associations partner to show value of mentoring business owners (cbs58.com)
How Richmond’s business makeup doesn’t match its residents (vpm.org)- Approximately 30% of people living in the Richmond area are Black, according to the census, however they own only about 20% of businesses in that area.
Boyd CruWines, the first Black family-owned wine company in Maryland (Afro-American)
First Black woman-owned cannabis dispensary in Sacramento opens storefront (ABC10) – Sacramento. We love cannabis and money and jobs.
BECA Founder Jerri DeVard Announced to 2024 Advertising Hall of Fame as Organization Celebrated Its First Class of Black Marketing Future Leaders (PR Newswire)
Could women and minority-owned businesses lose their advantage on certain city contracts? (KSAT 12)
Prominent lawyers file appeal for Atlanta Black women-led grant program against discrimination lawsuit (11 Alive)
New Jersey Dispensaries Break Quarterly Cannabis Sales Record (Cannabis Business)
Pitch competition winners awarded $20,000 (WISN) – Wisconsin Black Chamber of Commerce held showcase to highlight diverse businesses
Black Economics
Ronald Reagan’s Policies Continue to Exacerbate the Racial Wealth Gap (Time)
Tyler Perry’s Wealth Is Not Trickling Down to Black Residents of Atlanta (JACOBIN)
The State of U.S. Wealth Inequality (St. Lous Fed)
The Difference a Guaranteed Income Makes: ‘I’ve Been Sleeping Better. I’ve Been Eating Better.’ (Ms. Magazine)
Despite protective policies, discrimination by financial institutions persists (Daily Bruin) – UCLA
Seven facts about the economic security of older adults (Brookings) – The elderly with the lowest incomes are most likely to be Black and Hispanic. See Section 3. However, social security provides a income floor lifting most elderly out of poverty.
Atlanta VC fund asks appeals court panel to reinstate grant program (Atlanta Journal-Constitution)
The Racial Wealth Gap in New York (NYC Comptroller)
Walter E. Williams, Black voice of libertarian economics, dead at 84 (Pittsburgh Courier)
Barbados Says It Is Owed $4.9 Trillion in Reparations For Slavery (The Independent)
Robin Kelly, says focus on food deserts key to fighting diseases affecting African Americans (The Hill)
Minority Business
Tax Incentives for Minority-Owned Businesses: What to Know (U.S. Chamber)- Minority entrepreneurs often still face disparities in accessing capital and other opportunities.
CONGRESSWOMAN NIKEMA WILLIAMS PROPOSES NEW GRANT INTENDED TO HELP ENTREPRENEURS FROM HBCUS (Blavity)
Education
AP African American studies reworked amid controversy (USA Today)- College Board has adjusted the material for its disputed Advanced Placement course in African American Studies, that preserves the current topics and expands on others offering teachers options on the subject matter that has drawn scrutiny from some conservatives.
‘Science needs you’: The need for a diverse workforce in STEM fields (MPR)
Entertainment
How Keke Palmer Is Uplifting a New Generation of Black Creatives (Inc.)- KeyTV founded by Keke Palmer aims to discover other creators of color and help them to be seen.
Real Estate
Black Investors Take Back a Legal Tool to Restore Affordable Housing (South Side Weekly) – Black investors are taking advantage of receivership programs to purchase foreclosed homes
Environment
Catherine Coleman Flowers, Environmental Activist and MacArthur “Genius Grant” Recipient to Deliver Keynote Address (Umass Amherst) – She is known for her book: Waste: One Woman’s Fight Against America’s Dirty Secret (The New Press)
Farmers
Black-owned family farm partners with Victoria’s Secret for cotton supply (whnt.com)
Health
*Segregated hospital admissions worsens health outcomes for Black and white patients (Medical Economics)- Racial segregation in hospital care is considered to be a contributor to poor health outcomes among Black Americans, as compared to white people.
Black Americans expect to face racism in the doctor’s office, survey finds (wfae.org)
Racism, sexism, and the crisis of Black women’s health (Medical Xpress)
Study looks at plant based, vegan diet to improve African American health risks (wjbf.com)
Racial disparities seen in unmet treatment needs for pediatric mental health (Medical Xpress)
Black Medicare patients less likely to be referred for home health care (Newswise)
Health groups rip White House for delaying ban on menthol cigarettes (Medical Economics)
Political
White House delays menthol cigarette ban, alarming anti-smoking advocates (ABC News)- The FDA has spent years building a plan to eliminate menthol use, that could prevent deaths specifically amongst Black Americans who disproportionately smoke menthol.
History
Book sheds new light on Mollie Moon, socialite and economic strategist for the Civil Rights Movement (Fronteras) – Mollie Moon was a major fund raiser for the civil rights movement