Stories Jan 18th to 24th 2021

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)
  • The case for buying climate tech from BIPOC and women-owned suppliers (Green Biz). Being committed to climate justice includes buying from Black and women-owned suppliers.
  • How one mother is building generational wealth for her young son (CNBC
  • GOP Sen. Rand Paul says that Biden’s push for a $15 minimum wage reflects a ‘hate’ for Black teenagers (Business Insider)
  • The Trump economy left Black Americans behind. Here’s how they want Biden to narrow the gaps. (Washington Post)

Stories

Coronavirus / Covid-19 / Paycheck Protection Program (PPP)

  • 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.
  • Lawsuit Over Minority-Owned Colorado Business Relief Prompts Expanded COVID Bill (Patch)
  • Q&A: U-M researcher says Black businesses shorted in first PPP loans (Bridge)
  • Raleigh’s new black-owned Black Friday Market thriving downtown despite COVID-19 downturn (CBS17)
  • The inequities of PPP: Megachurches receive money ahead of small businesses (ABC7)

Jobs / Workers / Unemployment / Gig Economy

  • How the American Unemployment System Failed (New York Times)
  • The Future Is Female And So Are The Job Losses: Women Impacted As 900,000 File For Unemployment (Forbes)
  • Black, Asian and minority-ethnic UK workers hit worst by Covid job cuts (Guardian)
  • CEOs are driving an initiative to hire, train 1M Black workers over next 10 years (Fox Business)
  • Joe Biden pledges to address pay, systemic racism: ‘Black and Latino unemployment gap remains too large’ (USA Today)
  • The case for buying climate tech from BIPOC and women-owned suppliers (Green Biz) — The climate-friendly transition could provide an opportunity to create a more just workforce — one that includes more women and underrepresented people of color at all levels of leadership and ownership.
  • Apple commits $100 million to racial equity programs while disclosing its own diversity hiring record (Dallas News)

Inequality / Systemic Racism / Economic Justice

  • The Trump economy left Black Americans behind. Here’s how they want Biden to narrow the gaps. (Washington Post)
  • Maryland’s House speaker crafts ambitious ‘Black Agenda’ to close equity gaps | COMMENTARY (Baltimore Sun) – Black Agenda is racial equity plan aimed at closing the race gap in areas such as homeownership, health and wealth.
  • Women and Minority Founders Still Vastly Underfunded, New Report Finds (Entrepreneur)
  • We are learning more about diversity at tech companies, but it isn’t good news (Market Watch) — Tech companies are struggling to increase percentage of underrepresented races while entangled in high-profile controversies related to how minority employees are treated

Black Business

Black Business General / Interesting Businesses Stories

  • Black entrepreneurs in Tulsa’s Greenwood district feel threatened (Washington Post)
  • More attention placed on minority-owned startups (News-Press Now)
  • In a survey, minority business owners say local chambers ‘too white’ (VT Digger) – State’s chambers of commerce aren’t doing enough to make minority business owners feel welcome.
  • Mentorship program for Black women in business starts during pandemic (CBC)
  • Family owned and operated business in Norfolk working to help increase Black wealth in the community (Wavy)
  • KC’s Black-owned business are much more than restaurants (Kansas City Business Journal)
  • Ryerson Student Creates Black-owned business directory, app to Launch Next Month (Eye Opener)
  • D.C. Black-owned businesses prepare for inauguration week amid threats of violence (The Grio)
  • Funeral homes forced to adapt during COVID-19 pandemic (WCJB)

Black Business Specific

  • How a ‘love affair with Black literature’ kept Lansdale’s Black Reserve Bookstore alive (WHYY)
  • How a Black-owned glassware company found success during the pandemic (CBS News)

Big Business / Corporate

  • Brands Want to Tell Stories of Inclusion. Marketing Leaders Should Listen Instead. (Entrepreneur)
  • Many Brands Stay Committed To Amplifying Black-Owned Businesses (Digital Media Solutions)
  • Google CEO to meet with Black college leaders following racism allegations (Philly Tribune)

Discrimination

  • Experts: Racial Income Gap Still Wide (Memphis Flyer)
  • Race in South Africa: ‘We haven’t learnt we are human beings first’ (BBC News) — Legal discrimination along racial lines in South Africa ended with the demise of apartheid but racial categorisation is still being used by the government for monitoring economic changes
  • In ‘battle for the soul of Salem,’ a Black business owner is targeted (Washington Post)
  • New York’s smallest businesses will no longer be supervised by police (Quartz)

Reparations / Affirmative Action / Diversity / Inclusion

  • CEOs are driving an initiative to hire, train 1M Black workers over next 10 years (Fox Business
  • Black Lives Matter: A call to action for HR (HR Executive) — MBA students at historically Black colleges and universities, want business leaders to hear their vision for an all-inclusive workplace of the future.
  • Will Vice President Kamala Harris change how corporate America sees and treats Black women? (USA Today)
  • 3 women of colour on how to boost diversity from the outside in (World Economic Forum) – Kind of behind the US.

Economics

Black Economics

  • The Federal Reserve starts to consider racial impact of policies (Morning Brew)
  • Biden Day One: Economic Recovery (UDaily) — Biden-Harris administration’s top four priorities: COVID-19, economic recovery, racial equity and climate change.
  • Obtaining grant funding a challenge for many Black-owned businesses (Times Weekly)
  • Black Girl Finance: Raiding her son’s account inspired Selina Flavius to help minorities manage their money (I news)
  • Maryland lawmaker pushes for a state bank to help bridge wealth divide (Baltimore Business Journal)
  • Digital Black-owned bank aims to tackle economic injustice (ABC News)
  • The new plantation: Black people in Asheville’s economy today (Citizen Times) — Out of $118 million in contracts in 2018, only 0.5% went to African Americans.

Industry Stories

Sports / Media / Entertainment

  • Former Oakland A, Dave Stewart, makes $115M bid for Oakland’s Coliseum site share (NBC Sports)
  • Sean “Diddy” Combs Invests In Digital Platform That Celebrates Black-Owned Beauty Brands (newsone)
  • Why so few black skiers and ballet dancers? (AAAS) – New book: The color of culture

Alcohol / Marijuana / CBD / Gambling

  • 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)
  • New Michigan marijuana taxes, stock market proposed to boost minority business investment (mLive)
  • Jay-Z starting $10 million fund for minority-owned marijuana businesses (NY Daily News)
  • Pot in Seattle is too white: Social Equity in Cannabis Task Force shaping plan to create new opportunities in state’s retail marijuana industry (Capitol Hill Seattle Blog) – If you want to start a business, Marijuana is it.

Beauty / Fashion / Retail

  • The Creator of Kamala Harris’ Inauguration Night Dress on Supporting Black Designers (Time)

Technology / Apps / Innovation

  • Innovative All-Woman Tech Startup Creating First of Its Kind Interactive Mobile App On Black History (The Register Citizen). This app is designed to shine a light on America’s rich Black history using Augmented Reality.
  • The case for buying climate tech from BIPOC and women-owned suppliers (Green Biz). Being committed to climate justice includes buying from Black and women-owned suppliers.
  • This Nigerian-American Launches “MelaninPeople” A New Social Media App for Black and Brown People of Color Worldwide (EIN)

Finance / Investing / Venture Capital

  • Repairing Blacks’ pathway to wealth (NY Daily News)
  • More than 50 years after the Civil Rights movement, Black Americans still face discrimination in banking. But pro sports teams can help change that. (Business Insider)
  • How one mother is building generational wealth for her young son (CNBC

Real Estate / Finance / Development / Housing / Segregation

  • For Black homeowners, a common conundrum with appraisals (Washington Post)
  • Survey shows rent debt to be disproportionately distributed among minorities (Kirkland Reporter)
  • A D.C. developer received a presidential pardon. Now, a neglected neighborhood hopes he will show mercy to a cherished community hub. (Washington Post)
  • ‘Controlled Destruction’: How Urban Renewal Changed Nyack Permanently (Nyack News & Views) – Shaped by a hidden legacy of racism.

Cities / Urban Planning / Local Government

  • Cantrell promises better minority contracting in ‘most Afrocentric city in US’. (4WWL). New Orleans Mayor is revamping the Office of Supplier Diversity, making sure diverse businesses receive at least 35 percent of city contracts

Politics / Government / State and Local

  • Black-owned businesses to get aid under Biden Administration (Erie News Now)
  • What Minority-Owned Small Businesses Can Expect From A Biden-Harris Administration (Forbes)
  • Some Black activists skeptical about mayor’s racial alliance despite recent directive (Lansing State Journal)
  • Black politicians launch training program called Black Bench, for next generation (Chicago Sun-Times)

Education / Healthcare

  • Study: Life expectancy in African Americans decreased due to pandemic (WSOCTV)
  • How Black barbers have become mental health advocates for African American men (CNN). The Confess Project Barber Coalition is a non-profit that allows Black men to deal with racial issues and become better versions of themselves.
  • How Atlanta’s historically Black colleges and universities landed millions from Apple, Southern Co. (Atlanta Business Chronicle)
  • Understanding the Role of Race in Business (Pittwire) — While business schools traditionally have addressed race in the context of interpersonal relations, Harper’s course takes a much broader perspective
  • Walker’s Legacy, Howard University Launch Scholarship Fund For Women Entrepreneurs (Newsone)

Farming / Agriculture / Food / Restaurants

People and Careers

People / Motivation / Leadership / Success Stories / Ideas

  • Charlene Izere: Empowering the Lives of Black Women in Entrepreneurship and Transforming Their Lives for the Better (London Daily Post) – Charlene Izere owns three successful businesses that help to equip and support black women, all of which have propelled her to the forefront of the entrepreneurial world and the black community.
  • Meet the economist charged with keeping Biden’s promises to women and people of color (Washington Post)
  • Even in retirement, Ron Leeper is focused on making Charlotte better. (QCityMetro)

All Other

Travel / History

  • The Maryland Lynching Memorial Project tackles the past, present (Baltimore Sun)

Conservative / Alternative

  • GOP Sen. Rand Paul says that Biden’s push for a $15 minimum wage reflects a ‘hate’ for Black teenagers (Business Insider)

Opinion

  • Opinion: We can advance real social equality in Washington (Puget Sound Business Journal) — Research from McKinsey & Co. demonstrates that diversity in the workplace creates more resilient and profitable organizations
  • This MLK Day, Congress should remember Dr. King’s economic agenda (Philadelphia Inquirer)

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