Ninety-one percent of Black Americans say they use broadband services. Seventeen percent of Black youth rely on broadband service from a smartphone. Under new net neutrality rules, the lack of diversity in internet providers could set Black Americans back in digital equity.
First HBCU to reopen nearly 10 years after it was shut down. Footwear designer D’Wayne Edwards is spearheading the effort to reopen the Lewis College of Business. It will be majority-free HBCU focused on teaching design.
Lists of Black women founders with $1 million in venture backing are great to celebrate small wins but the ecosystem has become critical. A record-breaking $147 million has been invested in U.S. companies in the H1 but 0.34 percent went to Black women founders.
HBCUs are engines of upward mobility. HBCUs often do a better job at graduating poor and Black students than the national average. Select HBCUs graduate engineering students at a higher rate than flagship universities in their state.
Facebook’s outage last week sparked chatter for Black-led social media alternatives. Arguably one of the first large social media platforms, Black Planet is making a comeback as many new entrants have arrived.The giant social media company’s brands are among platforms users most want to delete.
In the first half of 2021, $1.8 Billion was invested in Black-led startups. The number of Black investors could double by 2024 with help from Crowdbases’s Black Venture Capital organization. Rodney Sampson and other program speakers have actively worked in FCC Commissioner hearings to ensure diversity in the U.S. capital legislation.
- Five HBCU students won $10,000 each from Amazon through the Black Girl Magic Digital Summit’s HBCU Pitch Competition in August - The money has helped them upgrade their products, expand marketing efforts and more - Amazon's sponsorship is part of their larger commitment to Black-owned businesses through the Black Business Accelerator program