Business

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.

City Treasurer’s Office Creates a Scorecard for Broker Dealer Selection Process

In her first year, Chicago City Treasurer Melissa Conyears-Ervin’s office revolutionized the way cities invest in, and contract with, financial institutions.

Pouring With A Purpose -- BLQK Coffee Donates 25% of Profits to Social Justice Initiatives

The recently launched BLQK Coffee is serving caffeine with a cause, having committed to pouring 25 percent of their profits into the support of social justice initiatives. Coffee lovers can now purchase the coffee online at BLQK.Coffee.

Influencer Launches Platform to Help Moms of Color Connect With National Brands

As we honor notable accomplishments of trailblazers from the past during Black History Month, it’s also important to recognize the leaders who are blazing trails today.

National Women’s Business Council Releases 2020 Roundtable Report

The National Women’s Business Council (NWBC) has released its 2020 #LetsTalkBusiness Roundtable Series Report, a collection of testimonials from women entrepreneurs on current challenges and opportunities associated with access to capital, childcare, and patenting and trademark

Boys & Girls Clubs of America Names H Walker as Diversity, Inclusion & Equity Officer

Boys & Girls Clubs of America has named H Walker as its new Diversity, Inclusion and Equity Officer, underscoring the organization’s ongoing commitment and legacy of building opportunity and great futures for kids and teens. Walker will be charged with building upon the diversity, equity and inclusion strategy and creating new initiatives for Boys & Girls Clubs nationwide and key organization partnerships.

American Families’ Desire to Save For Their Children’s Future Increases During the Pandemic, According to New Research Survey

UNest, the first-of-its-kind mobile app that helps parents invest in their children’s future financial wellness, has announced the results of a survey that it commissioned focused on family savings through the pandemic. The survey, conducted by The Harris Poll and Caliber Intelligence on behalf of UNest, has shown that despite new financial strains from COVID-19, parents conclusively place their children’s future as their most pressing savings goal.

Black-owned, Education-first Kids and Family Banking App Goalsetter raises $3.9M Seed Round led by Astia

Goalsetter, a Black-owned kids and family finance app that provides a next-generation, education-first banking experience for U.S. kids and teens, recently announced its seed capital raise of $3.9 million.

Veteran Investor Damien Dwin Launches Lafayette Square with $100 Million Financing from Morgan Stanley

Damien Dwin, a Black American businessman, philanthropist and veteran investor, recently announced the official launch of Lafayette Square Holding Company (“Lafayette Square”), an impact-driven, minority owned investment platform.

New survey finds 70% of consumers improved home during COVID-19, more than half used smart devices

A new study released recently by Xiaomi, a global leader in smart devices, found that since March 2020, 70% of consumers have reported making changes in their living environment due to spending more time at home during the pandemic, and more than half (51%) have reported purchasing at least one smart device during that period.