Stories Jan 25th to 31st 2021 Top Stories The mirage of the Black middle class (Vox) Inside the Marijuana Growing Facility of a Historically Black University (WGNO). Southern University is the first HBCU to launch a line of THC products as part of its agriculture program. Did Clubhouse achieve their $1BN valuation by exploiting or … Read more
Top Stories Biden claims his $1.9 trillion Covid relief plan will cut child poverty in half — here’s how (CNBC). This plan is expected to have the greatest impact on Black and Hispanic families. Jay-Z raises $10 million for a fund designed to invest in minority-owned cannabis businesses following the industry’s largest-ever SPAC (Business Insider) … Read more
Top Stories Good News For Minority-Owned Businesses: Community Banks Get First Crack At The New Round Of PPP Loans (Forbes) New PPP Regulations to Prioritize Minority-Owned Business Applauded By Black Business Owners (Food & Beverage) — A third round of the Paycheck Protection Program (PPP) opened on Jan. 11, prioritizing minority-owned businesses and community lenders. … Read more
Top Stories Rep. Jackson Lee proposes commission to explore reparations for Black Americans (The Grio) The Boston Red Sox just hired Bianca Smith — the first Black woman to coach in professional baseball history (CNN) Mortality rate for Black babies is cut dramatically when they’re delivered by Black doctors, researchers say (Washington Post) — You … Read more
Top Stories How new stimulus package can help minority businesses (The Philadelphia Inquirer) First year of legal marijuana in Illinois generated big bucks but no new minority license holders (Chicago Tribune). The Illinois market is limited to just 21 growers’ licenses, which restrict supply of growers, especially minorities. Black-Owned farm allows individuals to rent spaces … Read more
Top Stories Guaranteed Income Is Coming To New Orleans, Here’s What It Could Look Like (WWNO). New Orleans is one of nine U.S. cities expected to launch or expand guaranteed income in 2021 in partnership with Mayors For A Guaranteed Income (MGI). This new subscription service is helping people find and support local Black-owned restaurants … Read more
Top Stories Darien man launches Black-owned ‘legacy’ cereal brand (Darien Times) Blacks fail to make inroads into high-paying, senior-level city jobs under Kenney (Philadelphia Tribune). African Americans accounted for nearly 37% of the senior leadership positions in city government under Mayor Jim Kenney. I wanted a Tesla. Then I found out the company doesn’t hire … Read more
Top Stories CEOs of Big Companies Pledge $100 Million for Initiative to Hire 1 Million Black Workers (Barrons) Several top companies vow to hire a total of 1 million Black people over 10 years (NBC News) Families of Color Are Now Facing an Economic Disaster (NY Magazine) ‘Black is back’: A new grassroots effort aims … Read more
We have a lot of good quality stories in the Top Ten this week. We like the stories about government economic activities at the local level that will help benefit Black people. Top Stories Hutchins Roundup: Inflation expectations, Black entrepreneurs’ access to capital, and more (Brookings Institution). Black entrepreneurs raise $35,205 in start-up capital on … Read more
We have an average number of stories this week. The best one is another high tech discrimination story by the NY Times focused on Coinbase: the crypto trading company. So tired of reading the same story with a different company name and different Black employees. Top Stories Inside Black Workers’ Struggles at the King of … Read more
