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To expand the economy, invest in Black businesses

This article is from Brookings.edu. For the descendants of enslaved Africans in the United States, entrepreneurship represents more than just owning a business and pursuing the proverbial American Dream. Instead, the ability for Black people to participate in local, regional, and global markets represents a dream deferred by systemic racism and discrimination. Consequently, an analysis […]

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Building supportive ecosystems for Black-owned US businesses

Article by By David Baboolall, Kelemwork Cook, Nick Noel, Shelley Stewart, and Nina Yancy from McKinsley.com Black business owners have been disproportionately affected by the pandemic-linked economic downturn, partly because they were more likely to already be in a precarious position, including more likely to be located in communities with business environments that are more

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Fortune 100 companies commit $1.6 billion to fight inequality

This article is by Dion Rabouin, Andrew Witherspoon written for Axios The 100 largest U.S. companies have so far committed $1.63 billion to organizations fighting racism and inequality, according to company announcements and an Axios analysis. What’s happening: Since protests began over the death of George Floyd at the hands of Minneapolis police officers, companies have released

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For every dollar of white wealth in the US, Black families have 12 cents

The following is from Mckinsey research. Staying accountable Getting to zero. Last week, a group of prominent American CEOs, nonprofit executives, and academic leaders launched NinetyToZero, an initiative aimed at eliminating the racial wealth gap through “deliberate, collective action.” The typical Black American family has just one-eighth the wealth of a white family, according to the US Federal Reserve—and

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