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Exclusive: Black-Led SPAC Raises $126.5 Million, Positioning It To Acquire Minority Owned Firms

Exclusive: Black-Led SPAC Raises $126.5 Million, Positioning It To Acquire Minority Owned Firms
blackenterprise.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blackenterprise.com Daily Mail and Mail on Sunday newspapers.

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Economist Seeks to Hold 'Woke' Corporations Accountable for Not Fulfilling Pledges to Black Community – RedState

Economist Seeks to Hold 'Woke' Corporations Accountable for Not Fulfilling Pledges to Black Community – RedState
redstate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from redstate.com Daily Mail and Mail on Sunday newspapers.

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Some Companies Have Done Better Than Others Keeping Racial Justice Pledges

Some Companies Have Done Better Than Others Keeping Racial Justice Pledges
wdet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wdet.org Daily Mail and Mail on Sunday newspapers.

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$290 Billion Would Be Created in Black Wealth if The Revenue Gap Between Black and White Businesses Was Closed

$290 Billion Would Be Created in Black Wealth if The Revenue Gap Between Black and White Businesses Was Closed
(iStock.com/fizkes)
Here’s a thought-provoking statistic: A whopping $290 billion would be created in Black wealth if the revenue gap between what Black-owned and white-owned businesses generate were equal.
That discovery came from building supportive ecosystems for Black-owned U.S. businesses, a fresh report from management consulting firm McKinsey & Co. reveals. The research showcases hurdles Black entrepreneurs face and provides answers that the public, private, and social sectors can implement for equitable and positive business outcomes.
The report notes the right business ecosystems can mitigate or negate the effects of structural obstacles to business building for Black business owners, adding $290 billion in business equity. The report released in late October found entrepreneurship and business ownership particularly of community-based busine ....

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Banks redouble efforts to aid Black-owned businesses

Several large and midsize banks are investing millions of dollars in Black-run banks, while four community banks have started a fund to make interest-free commercial loans in underserved communities. ....

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