Cori Gordon, 28, never imagined she’d become one of Amazon’s youngest Delivery Service Partners when she migrated to the U.S. from Jamaica in 2013. Bright-eyed and eager post completing her studies at Northern Caribbean University, Cori began her professional career working in the retail and automotive industries before realizing she had a penchant for…
ATLANTA VOICE — “My team at Chase is focused on creating tools and resources that support financial health. To help kids practice and learn how to earn, spend, and save, we created Chase First Banking — an account that can help make financial education easy, fun, and immersive. It helps parents to have real-time conversations…
WEST SACRAMENTO, Calif. (January 5, 2021) – Lamont King was appointed Assistant General Counsel for Investments for the California State Teachers’ Retirement System effective December 14, 2020. In his new role, King heads the Investment Counsel division in the Office of the General Counsel. King began his career with CalSTRS in 2010 as one of…
Quinci LeGardye | California Black Media There is no silver lining it seems when it comes to redlining. Redlining describes the illegal practice when government agencies or private institutions systematically exclude certain groups of people — or selectively raise the prices of goods and services for them. The most notable example is how the…
TROY, Mich., Dec. 10, 2020–Flagstar Bank today announced it will be awarding grants of $5,000 to over 180 small businesses owned by people of color in Flagstar’s banking markets. The grants are designed to assist businesses whose operating expenses have been impacted by COVID-19. “Based on the overwhelming response we’ve received, I think we’ve struck…
SACRAMENTO – Senator Scott Wilk, representing the 21st Senate District, and a bipartisan coalition of Senators and Assemblymembers jointly introduced Senate Bill 74, otherwise known as the Keep California Working Act, which will invest $2.6 billion (10% of California’s projected surplus) in grants to help small businesses and employees that have sustained financial losses during…
CRA must help address systemic racial barriers and inequality, and it must benefit LMI and families of color NNPA NEWSWIRE — The CRA is a civil rights law designed to expand financial opportunity. The law requires banks to meet the credit needs of the communities in which they are chartered. The CRA was created to…
SACRAMENTO -– Yesterday, the California Department of Business Oversight (DBO) announced the inaugural award of nearly $1 million in CalMoneySmart grants to 12 nonprofit organizations throughout California. The $4 million CalMoneySmart grant program was created by SB 455 (Chapter 478, Statutes of 2019), authored by Senator Steven Bradford (D-Gardena). This bill established the California Financial…
By Julianne Malveaux, NNPA Newswire Contributor On the Friday before Labor Day, the Bureau of Labor Statistics released its monthly report, The Employment Situation. It reported good news – the unemployment rate dropped to 8.4 percent, higher than in February before the pandemic hit. We added 1.4 million jobs last month, the highest gain since…
San Bernardino – Against the backdrop of San Bernardino County continuing its efforts to reopen the economy, COVID-19 cases and hospitalizations are surging, causing the county to be placed on the California COVID-19 Watch List and Governor Newsom issuing new economic restrictions. Due to the rise in hospitalizations, San Bernardino Community College District (SBCCD) and…
Stacy M . Brown, NNPA Newswire Senior Correspondent In April, Wells Fargo announced it would donate gross proceeds from the Paycheck Protection Plan to nonprofits working with small businesses. This month, the bank has ramped up its efforts by unveiling the details of an approximately $400 million initiative to help small businesses impacted by…
Spikes in infections in many states, double-digit unemployment, consumer and lender concerns, and steep economic challenges in the wake of a long shutdown make it difficult to forecast if and when many companies will fully recover. Small business owners – many of them baby boomers and in the retirement age range – are in a…
Nationwide — Ray Leonard Jr needs little introduction. He will forever be remembered appearing with his famous father, hall of famer boxer Sugar Ray Leonard in the 1970’s iconic 7 Up commercial capturing the hearts of millions. His father, one of the greatest boxers of all time could not be prouder of his eldest son,…
BlackPressUSA New statistical table and analysis available on the American Banking Institute’s (ABI) SBRA Resources website show that 471 small businesses have elected to file for bankruptcy relief under new subchapter V to chapter 11 of the Code since it was enacted. The Small Business Reorganization Act of 2019 (SBRA) took effect on February 19,…
James Royal The coronavirus pandemic has hit Americans hard, and a new Bankrate survey says Americans’ top financial regret is not having enough emergency savings to withstand the crisis. The survey shows that of Americans with financial regrets, the biggest regret is a lack of emergency savings, which was noted by 23 percent of respondents….
Deadline to Apply for Forgivable Paycheck Protection Program Loans Fast Approaching By: Michael Vallante, U.S. Small Business Administration’s Associate Administrator for the Office of Field Operations, overseeing the 68 district offices and nine Regional Administrators; and Regional Administrator for Region IX, overseeing the agency’s programs and services in California, Arizona, Nevada, Hawaii and Guam With…
As June 30 application deadline nears, newer and shorter forgiveness form announced By Charlene Crowell As the remaining days dwindle for small businesses to apply for loans through the federal Paycheck Protection Program (PPP), both banks and federal officials are being challenged by several House leaders to explain how the $670 billion program intended to…
Application period runs through the month of July This week the Riverside County Board of Supervisors moved to provide up to $5 million in additional financial support to the nonprofit community, which are increasingly being stretched by higher demands for service and a reduction in revenue. Nonprofits may apply from July 1-July 31 for grants…
By Stacy M. Brown, NNPA Newswire Senior Correspondent @StacyBrownMedia The novel coronavirus has ravaged most of the globe, but in the U.S., African Americans and other communities of color have disproportionately born the lethal impact of the pandemic. Darnisha Harrison, a Louisiana State University grad and founder and CEO of Georgia-based Ennaid Therapeutics, says that…
by Sunita Sohrabji SAN FRANCISCO — Main Street America, its plethora of largely minority-owned small businesses ravaged by the COVID-19 pandemic, will see opportunities to revive with the help of federal stimulus funding, a May 29 group of panelists concluded. Speakers at the discussion, organized by Ethnic Media Services, included Rep. Ted Lieu, D-California; businessman…
NNPA NEWSWIRE — As the global coronavirus pandemic upends all aspects of our lives, U.S. Bank is uniting with other corporations and longstanding partner organizations that are representing members of underserved and minority communities to advocate for inclusion among Pan-Asians and other cultural segments. By Julianne Malveaux MINNEAPOLIS, MN – As we weather the COVID-19…
As the novel Coronavirus continues to wreak havoc on the health of Americans, one of its toxic side – effects is also threatening the financial health of homeowners all over the country. At one of his daily press briefings, President Donald Trump proposed that a 90-day forbearance should be made available to those homeowners seeking…
By Eugene Cornelius Jr. (TriceEdneyWire.com) – Black communities in the United States not only represent a disproportionate share of casualties from coronavirus, but they have also been deeply affected by the economic impact of the disease. Longstanding racial discrimination in economic and housing policy has increased their risk for exposure to the virus, as well…
Financial Support is Essential to Delivery of These Essential Services By Stacy M. Brown, NNPA Newswire Senior Correspondent @StacyBrownMedia Publishers of Black-owned community newspapers, including Janis Ware of the Atlanta Voice, Cheryl Smith of Texas Metro News, Chris Bennett of the Seattle Medium, Denise Rolark Barnes of the Washington Informer, and Brenda Andrews of the…
By Charlene Crowell For the foreseeable future, ‘normal’ life will be indefinitely suspended due to the global pandemic known as the coronavirus. Record-breaking employment layoffs in the month of March resulted in the Department of Labor reporting that 10.4 million consumers lost their jobs and filed for unemployment compensation. As medical experts continue to track…
