Inflation Slamming Black America Hard as Families Struggle with Necessities

NNPA NEWSWIRE — “Black families, especially those without an employed college graduate, are affected the most by inflation compared with all the other demographics,” said Ellie Walters, the CEO of Findpeoplefaster.com. “Necessities like groceries, accommodation, gas, electricity bills, and phone bills eat up most of their income, leaving them with fewer savings since most of…

Gov. Signs $308 Billion Budget: Californians to Get “Inflation Relief” Checks of Up to $1050

Edward Henderson | California Black Media Around 23 million California residents will receive “inflation relief” checks of up to $1,050 soon. The aid is included in the new budget deal reached by state lawmakers and Gov. Gavin Newsom on Sunday, June 26th. “California’s budget addresses the state’s most pressing needs, and prioritizes getting dollars back…

SVB Reinforces Commitment to Inclusion in the Innovation Economy; Hires Tosh Ernest as Head of Access to Innovation 

Accomplished corporate diversity expert will lead SVB’s efforts to increase diversity, equity and inclusion in the innovation sector  SANTA CLARA, Calif., June 14, 2022 /PRNewswire/ — SVB, the financial partner of the innovation economy and parent of Silicon Valley Bank, today announced Tosh Ernest has been named Head of Access to Innovation, SVB’s signature initiative…

Fighting The Good Fight CalHFA and Home Free-USA Working Together to Improve Homeownership…

By Robert Daniels According to most people, the housing and mortgage industry works on three major assumptions. First, houses appreciate in value, which means housing prices almost always rise. Second, demand outpaces supply, which also drives prices up, as more people are looking than homes are available. This phenomenon creates the bidding wars that drive…

Investors Called to Oppose Discrimination at Meta, Twitter and Lowe’s

(5/24/22) Washington, D.C. – Investor activists from the Free Enterprise Project (FEP) will present shareholder proposals this week at the annual shareholder meetings of Meta (formerly Facebook), Twitter and Lowe’s, each proposal critical of “Diversity, Equity & Inclusion” (DEI) policies that give preference to individuals based on surface-level characteristics such as race and sex. “It’s…

Black Real Estate Professionals Recruit Black Appraisers to Combat Bias, Declare War on Black Homeownership Gap

By Hazel Trice Edney (TriceEdneyWire.com) – When a former client of leading Black real estate broker Donnell Williams was about to get his house refinanced in Wharton, New Jersey, Williams quoted him as asking, “‘Should I have my White friend come over and open up the door for the appraiser?’”  Williams, a realtor for 30…

Bank of America, Citigroup Slammed for Discriminatory Policies 

Shareholder Proposals Criticize Diversity Policies That Favor Certain Groups Washington, D.C. – (4/26/22) The Free Enterprise Project (FEP) presented proposals at both the Bank of America and Citigroup annual shareholder meetings, each criticizing “equity” policies that give preference to members of certain racial, ethnic and sexual identity groups over others. “Diversity – including diversity of…

McDonald’s® USA and Media Entrepreneur Roland S. Martin Launch Scholarship to Help HBCU Students on the Path to Graduation

By BlackPressUSA More than $100K in scholarship funds available for eligible HBCU upperclassmen—applications now open at TMCF.org CHICAGO — McDonald’s USA and Roland S. Martin, a lifetime member of Alpha Phi Alpha Fraternity, Inc., are awarding more than $100,000 in scholarships to rising juniors and seniors attending Historically Black Colleges & Universities (HBCUs). The effort,…

Don’t Raise Taxes on the Investments Black-Owned Businesses Depend On

By Larry D. Ivory, President of the National Black Chamber of Commerce Across the United States, there are 2.6 million Black-owned businesses that account for over $138 billion in revenue each year. This innovative and entrepreneurial passion is what has fostered long-term economic prosperity and sustainability in communities from coast to coast. These businesses should…

Black Woman Entrepreneur Launches Shoe Company That Caters To Sororities And Fraternities In The Divine 9

Nationwide (BlackNews.com) — Meet Kam Ballard, founder of b.c.e Shoes, an online company that customizes shoes for the sororities and fraternities in the Divine 9. She says that she started the company to offset college costs for her children. She comments, “I started this company as a way to pay for my children’s college education….

Center for Rural Affairs applauds inclusion of rural small businesses in reconciliation bill

LYONS, NEBRASKA – Rural small businesses and other entities with loans through the U.S. Department of Agriculture (USDA) could receive six months of loan forgiveness under legislation being considered by the U.S. House of Representatives. On Monday, the House Agriculture Committee included provisions of the Rural Equal Aid (REA) Act in its proposed Build Back…

Comcast Rise Commits $11 Million In Grants To Small Business Owners Of Color As Part Of Ongoing Effort To Advance Equitable Economic Mobility In Cities Nationwide

Second round of Comcast RISE Investment Fund will award $10,000 grants to 600 additional small businesses in Houston, Miami, Oakland, Seattle, the Twin Cities, and Washington, D.C bringing the total of grants to $11 million. NEW YORK – Sept. 14, 2021 – Comcast announced today a second round of cities to receive grants from the…

Experian North America launches groundbreaking initiative to accelerate financial inclusion in underserved communities

Inclusion Forward – Experian Empowering Opportunities™ helps clients advance diversity goals by creating greater and more affordable credit access COSTA MESA, CA (August 10, 2021) – Leading information services company Experian today announced the launch of Inclusion Forward – Experian Empowering Opportunities™, a first-of-its-kind initiative to help clients identify and directly support underserved and vulnerable…

As Schools Reopen, Gov. Newsom Invests $123.9 Billion to Address Financial and Safety Concerns

Aldon Thomas Stiles | California Black Media On Aug. 3 in Perris, California – a Riverside County city located about 70 miles east of Los Angeles — Lincoln Cooper and Fortunate Hove Cooper handed out free backpacks full of school supplies and hand sanitizers to struggling families during a triple-digit heat wave. They were joined…

Black Economic Development Fund hits $250M Goal, Makes First Catalytic Investments

By S. E. Williams | Black Voice News The Black Economic Development Fund (BEDF), managed by the Local Initiatives Support Corporation (LISC), a nonprofit community development financial institution, has reached its $250 million goal for capital to invest in Black-led banks, anchor institutions, businesses, and real estate developers and is now preparing to roll out…