Business
Grubhub And Restaurant Strong Fund Program Gives $2 Million To Help Restaurants Reopen
Grubhub, a leading food-ordering and delivery marketplace, and The Greg Hill Foundation’s Restaurant Strong Fund recently announced the latest phase in their commitment to supporting restaurants: the Restaurant Stronger program, a new initiative to provide $5,000 grants to eligible independent restaurants.
Fleeting, a Black-Owned Company Receives $500,000 Investment from NBA Star Kyrie Irving and New Fund Lockstep Ventures
Fleeting, a Black-owned commercial trucking and fleet management services company, recently announced that it received a seed round investment of $500,000 from Kyrie Irving, NBA superstar and founder of new consulting firm, KAI 11 Consulting, and Lockstep Ventures, the new venture fund founded by Michael Loeb, Bonin Bough, and Marcus Glover.
McKissack & McKissack Taps Sam Boye and Girard Jenkins for Key Midwest Roles
National architecture, engineering and construction management firm McKissack & McKissack is adding depth to its team by hiring Sam Boye Jr. as operations manager for the Midwest and West regions of the country and promoting Girard Jenkins to project executive for the Midwest.
Eventnoire, Where Black Culture and Events Intersect, Wins 1st Place in the Mountain Dew “Real Change Opportunity Fund Competition”
Eventnoire, the premiere ticketing platform for Black events, has been announced as the winner of Mountain Dew's Real Change Opportunity Fund Competition. Eventnoire will receive a portion of the $1M prize pool, allowing them to continue to do work that strengthens Black business, uplifts Black communities, and levels the playing field for Black people in America. Hundreds of start-ups competed in the shark-tank style contest, judged by celebrity judges DJ Envy of The Breakfast Club, Morgan DeBaun, and Lala Anthony. Eventnoire went through several rounds pitching its business model and innovative business concept.
DuPont Announces $20 Million Investment in LISC’s Black Economic Development Fund
DuPont (NYSE: DD) recently announced it has committed to invest $20 million in the Black Economic Development Fund (BEDF), managed by the Local Initiatives Support Corporation (LISC).
Leading Women’s Empowerment Brand BLACK GIRLS ROCK!® Joins Forces With Microsoft For A Multi-year Partnership
Tech leader Microsoft and Beverly Bond, founder and CEO of the award-winning women’s empowerment, lifestyle, and philanthropic brand BLACK GIRLS ROCK!®, have announced a strategic partnership to build technology infrastructure and empower more Black girls to become leaders through access to culturally relevant programs, leadership development, and STEM skills. The goal of this alliance is to strengthen the transformative work of BLACK GIRLS ROCK!® with the technology and scale of the Microsoft’s ecosystem.
Another HBCU Receives Multi-Million Donation from Honey Bear Project
After nearly 75 years, Central State University (CSU) will be breaking ground this month on a state-of-the-art turf football field, courtesy of nearly a $1 million donation from HBCU Field of Dreams, through the Honey Bear Project.
The Culture Launches The State Of Black Entrepreneurship
Forbes has launched The State of Black Entrepreneurship, an ongoing project that aims to accurately define, rectify and create Black history. Driven by For(bes) The Culture, the world’s preeminent community for Black and Brown professionals, The State of Black Entrepreneurship incorporates historical research that will unveil decades of forgotten and omitted Black business successes.
SBA Administrator Comments On Biden Signing PPP Extension Act of 2021
President Joe Biden recently signed the PPP Extension Act of 2021 into law, extending the Paycheck Protection Program an additional two months to May 31, 2021, and then providing an additional 30-day period for the SBA to process applications that are still pending.
New Tax Credit Would Make Rent Affordable for Half a Million American Families With Children
The newly enacted child tax credit, which will put an average of $221 per month into the pockets of families earning $150,000 or less with children, would make housing go from unaffordable to affordable for roughly half a million American families.
Black Female Entrepreneur and Group of Female Investors Disrupt The CBD Industry
A new CBD wellness line of products by Cannabelo Inc., which is a black female-owned company and founded by Steph Cence, recently launched its online store, www.ilovepurely.com, highlighting all natural, vegan, gluten-free CBD gumdrops – derived from hemp. Cannabelo, Inc. says the secret to making CBD products that work is using real ingredients + quality hemp.
Move Over Sharks: New Book Black Angels: The Wealth Edition Teaches Beginners How to Become Angel Investors
Popular TV shows like “Shark Tank” and “The Profit” have put angel investors front and center. But, according to Dr. Shanté Williams, angel investing is not only for the rich and famous sharks. Her highly-anticipated book “Black Angels: The Wealth Edition” is a practical guide that reminds readers that they don’t have to be millionaires to start angel investing.
Transportation access provides vaccinations for vulnerable communities
Millions of people lack access to essential resources — including healthcare — simply because they can’t get a ride.
President Biden Taps Meharry Medical College President for COVID Task Force
Meharry Medical College President and CEO Dr. James Hildreth has been named by President Joe Biden as a member of his COVID-19 Health Equity Task Force.