Morgan Stanley’s focus on diverse companies like ABF Creative made founder Anthony Frasier feel at home in the accelerator program. After participating in the program, the company reached a new revenue milestone. As the company grows, Frasier plans on launching a new slate of original programming.
Civil rights experts are calling for racial equity audits of government and financial institutions in the U.S. Several Wall Street banks have show BLM support but voted against transparency in the racial equity of their organizations. Media 2070, a racial equity in media non-profit, is encouraging more awareness of historic racism in media and discussions to solve it.
Black-owned legacy brands like Radio One, Black Enterprise and Sweetie Pie’s provide greater opportunities for the community they serve. Data indicates fewer than 30 percent of Black-owned businesses reach third-generation family ownership. UBS is helping Black-owned businesses plan for their future.
There are two million AI-related job postings in the United States. Black Americans have fewer AI-related job opportunities. Consumers could have more authority over AI-driven personal purchase algorithms in the near future.
Dozens of HBCUs have joined a new multi-million dollar initiative that will give students scholarships, internship funding and leadership development resources. The initiative will last at least four years initially. The ultimate goal is to help accelerate economic mobility for HBCU students.
- A hearing this week was billed as a discussion of homecoming, the historical roots and continued contributions of HBCUs - Much of the conversation centered around President Biden's budget bill and what funding HBCUs could get - The 10 largest HBCU endowments in 2020 totaled $2 billion, compared to $200 billion across the top 10 primarily white institutions' endowments, according to one witness