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BLACK ENTERPRISE To Present Virtual Summit Focused On Energizing A New Entrepreneurship Movement Driven By The Push For Economic Equity, May 6

BLACK ENTERPRISE To Present Virtual Summit Focused On Energizing A New Entrepreneurship Movement Driven By The Push For Economic Equity, May 6
The Black Enterprise Small Business Summit will deliver tools, strategies, and resources for entrepreneurs, startup founders, and established business owners seeking to maximize the profitability of their ventures
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NEW YORK, May 3, 2021 /PRNewswire/
BLACK ENTERPRISE will present its first Small Business Summit, hosted by May 6, as the latest in the company s series of Diversity Equity & Inclusion Summits. The Small Business Summit is designed to energize an entrepreneurial movement emerging from the demand for equity triggered by the twin pandemics of COVID-19 and racial injustice brought to the forefront of global awareness by the murder of George Floyd. ....

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Vroom adds 2 board members

Vroom adds 2 board members
Photo courtesy of Vroom.
By Auto Remarketing Staff
NEW YORK -
Vroom has added two members to its board of directors, both with extensive backgrounds in the financial industry.
The new members are Paula Pretlow and Frederick Terrell, and Vroom chief executive officer, Paul Hennessy describes them as “two highly qualified executives with notable leadership experience at some of the world’s largest financial institutions.”
Pretlow is former senior vice president of The Capital Group, a $2.4 trillion privately held investment management firm. At that company, she led the public fund business development and client relationship group. For 10 years, she was responsible for large client relationships. ....

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Online Automotive Retailer Vroom Announces Two New Additions to Board of Directors

Online Automotive Retailer Vroom Announces Two New Additions to Board of Directors
Paula B. Pretlow and Frederick O. Terrell Bring Decades of Finance and Business Experience to the Board
NEW YORK, April 27, 2021 (GLOBE NEWSWIRE) Vroom (
www.vroom.com), a leading ecommerce platform for buying and selling used vehicles, today announced that it has added two new members to its Board of Directors, Paula B. Pretlow and Frederick O. Terrell. The new members bring decades of finance and business experience to the board.
Paula Pretlow built her career helping company leaders maximize shareholder and stakeholder value personally delivering hundreds of millions in revenue and building relationships with many of the world’s largest institutional investors. She is a former Senior Vice President of The Capital Group, a $2.4 trillion privately held investment management firm, where she led the public fund business development and client relationship group and was responsible ....

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Mobility Capital Finance Inc. Receives Capital Investment from Mastercard

Investment , Payments
05:53 pm
The inequities in today’s financial system have left many Americans without access to affordable services, instead relying on payday lending, expensive cash checking services and remittance fees. Mobility Capital Finance (MoCaFi), a financial technology, mobile-first banking platform, and Mastercard are partnering to bring alternate financial services to underserved communities with a specific focus on providing tailored digital tools, and new payment cards to low wealth minority and Black communities. Mastercard has now furthered its commitment with a capital investment in MoCaFi.
MoCaFi and Mastercard have been working together via the Mastercard StartPath program, an award-winning startup engagement program a springboard to help later stage startups maximize their opportunity for success. The new investment will enable the expansion of MoCaFi’s card programs and solutions to help address the inequities in the financial syste ....

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United Way of New York City Officially Announces the Together We Thrive: Black Business Network, a Coalition to Aid Black-Owned Businesses

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NEW YORK, Feb. 23, 2021 /PRNewswire/ United Way of New York City (UWNYC) today officially announced the
Together We Thrive: Black Business Network, a broad coalition of government, nonprofit, and corporate partners to support Black-owned businesses in New York City.
Major partners of
Together We Thrive include the New York Forward Loan Fund, Hester Street, Mobility Capital Finance (MoCaFi), Greater Jamaica Development Corporation, New York Immigration Coalition, and Perch Advisors. Together We Thrive will also be collaborating with Black Entrepreneurs NYC (BE NYC), an initiative of the New York City Department of Small Business Services, to provide resources and support to NYC s Black businesses. The Network s Community Development Financial Institutions (CDFI) partners include LISC NYC and TruFund. Bank of America (BofA) a long-standing corporate supporter of UWNYC for decades has made a critical, early commitment o ....

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