Black Entrepreneurs

Black Business Owners, Celebrities, Influencers, and Leaders Gather with Visa at CEO’s Making Waves for Black Women in Business, Helping Corporations Fulfill Commitment to Equality and Inclusion

October 12, 2021 (updated October 12, 2021) Published by BusinessWire

Two-Day Conference Provides Vital Resources for Black Women in Business

OAKLAND, Calif.–(BUSINESS WIRE)–On October 26th and 27th, CEO’s Making Waves for Black Women In Business: Growth, Impact, & Community will kick off a two-day conference by welcoming Black women-owned businesses, industry leaders, and corporations in addressing the need for systemic change in leadership, gender, and race equality in a variety of different industries.

The two-day event will feature discussions from black business owners such as influencer Necole Kane – CEO/Founder of XONecole and Whitney Harper (Brand Manager/Creative Director for Rapper Sweetie) and (Host) Sports Broadcaster Rosalyn Gold-Onwude, along with many other amazing business professionals in different sectors who will share their insights on relevant topics and resources aimed at enhancing the approaches of Black professionals and CEO’s. By strengthening woman-owned companies within the Black community, CEO’s Making Waves will work on closing the 90% wealth gap faced by Black women in business today.

“This is a much-needed event to support the Black women in our communities starting in California with the large tech companies,” says Myeshia Jefferson, founder of Beauty Makes Cents LLC, a company dedicated to increasing entrepreneurial education through events, training, hands-on support, and empowerment.

Jefferson continues, “CEO’s Making Waves will help attendees tap into resources they may not know are available. Many black-owned businesses don’t need a handout, we need a hand up. As a Black entrepreneur, I understand firsthand the struggle of navigating the business world, and the challenges that Black women in business face to get access to the right people and positions that can open doors. Sometimes, we need more hands-on support to guide us to the next level. Many of the large organizations have the means and the resources to help.”

Aiming to connect start-ups and small business owners to companies with resources and mentors available for Black entrepreneurs, the event will act as a foundation for future growth and opportunities. Featuring an impressive lineup of keynote speakers, discussion panels, fireside chats, mentorship sessions, and workshops, CEO’s Making Waves will touch on a wide range of topics, such as entrepreneurship, intrapreneurship, the future of e-commerce, the entertainment industry, sports, wellness, women empowerment, and recruiting.

“This year will have virtual celebrity appearances from Akon, Niecy Nash, Tamar Braxton, and more; but next year we will host the event in-person where we can include interactive activities such as dancing, live music, and a yacht experience! We see this as a great opportunity for black women entrepreneurs to connect, network, and grow,” says Jefferson.

CEO’s Making Waves 2021 participants will also have the chance to win mentorships from top industry leaders through an exclusive guest contest. Organizations can make this an opportunity to build trust and loyalty, while more Black women gain access and support.

Registration is open to all. Remaining space is filling up quickly, so get your tickets soon! Visit CEO’s Making Waves to secure your tickets and learn more.

About CEO’s Making Waves for Black Women In Business

CEO’s Making Waves for Black Women in Business was created in effort to get corporations to walk the talk of addressing the need for systemic change in leadership, gender equality, and race equality by supporting women-owned businesses and professionals. We aim to economically empower 1,000 Black women in California by 2022 with an end goal of closing the racial wealth gap with the help of our future partners.

Contacts

Myeshia Jefferson

Info@ceosmakingwaves.com

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Davis Wright Tremaine’s Project W Completes Inaugural Tech Equity Hub Virtual Accelerator Program

October 5, 2021 (updated October 5, 2021) Published by BusinessWire

Impressive nationwide cohort featured 10 Black and Latinx female entrepreneurs

NEW YORK–(BUSINESS WIRE)–Davis Wright Tremaine LLP is pleased to announce the completion of Project W’s inaugural Tech Equity Hub virtual accelerator program, which provided 10 Black and Latinx female founders the tools, resources and connections they need to build successful companies.

“Tech Equity Hub is our newest initiative to unlock the power of pre-revenue tech companies founded by Black and Latinx women,” said Project W founder Lynn Loacker, partner-in-charge of DWT’s New York office. “These talented founders are innovating in education, healthcare and commerce to address some of the most intractable problems that underrepresented communities are facing. Without a doubt, these remarkable women will leave the world in a better place.”

The program’s full cohort included:

Tiffany Hosey – BuilDATAnalytics: Streamlining complex construction projects.
Laura Thomas – Effective to Great Education: Social emotional learning technology for underserved school communities.
Emily Brown – Free-From Market: Healthy food solutions to improve health and equity outcomes.
Sheena Franklin – K’ept Health: Virtual dermatological clinic providing culturally competent care.
Aireka Harvell – Nodat: Artificial intelligence to help small businesses drive sales.
Noelle Acosta – Noula: Affordable, at-home maternal wellness test kit and personalized pre- and postnatal care plans.
Mandy Bowman – Official Black Wall Street: Connecting consumers to Black-owned businesses.
Tope Mitchell – Reflekt Me: Personalizing ecommerce by size, body type, skin tone and hair texture.
Ashley Williams – RIZZARR, Inc.: Promoting brands through millennial- and Gen Z-created content.
Danielle Allen – Si · La · Bul: Video platform for cultural language learning.

During the 12-week program, which ended Sept. 30, the group engaged in workshops, one-on-one mentoring sessions, individualized coaching and tech deep dives, as well as community-building events. The expert faculty and accomplished mentors covered product design and evolution, marketing and sales, business strategy and finance, growth, legal, fundraising and personal development. All of the experts, investors and mentors were committed to help the founders build successful companies. Partners that generously shared their expertise and resources included Coalition Venture Studio, M12 (Microsoft’s venture capital fund), R/GA Ventures, Stripe and U.S. Bank.

“Tech Equity Hub was immensely helpful in solidifying my team’s growth. I love how the program focused on the development of every single department within a company,” said Ashley Williams, founder and CEO of RIZZARR, a tech-enabled content marketplace in which brands can find and work with over 5,000 millennial and Gen Z content creators worldwide. “I really think it’s so wonderful that these programs are being created to help women of color. There’s a lot of conversation going around about what women of color go through with startups, funding, and more, and until now, it’s been a lot of talk: Project W actually put it into action.”

Noula founder and CEO Noelle Acosta added: “As a founder, my background has mainly been in business development and go-to-market strategy, so getting exposure to so many different components of the startup journey has been really helpful. The most helpful part, for me, of Tech Equity Hub has been the fact that the faculty and mentors took the time to understand where I’m at in my startup journey as well as what I do well. I was paired with an investor and a mentor in my field who taught me practical and tangible skills.”

BuilDATAnalytics founder and CEO Tiffany Hosey said: “Tech Equity Hub was organized in a way that I never felt we were being shorted on any programming. For the entire program to focus on women of color, specifically Black and brown, and for Project W to pour all of the resources into the programming, it really felt like there was a sincere commitment to see all of us succeed. No other program in which I’ve been involved – from start to finish – has been comparable.”

About Project W

Project W is Davis Wright Tremaine’s commitment to help women build great companies, advance their careers and achieve parity in the boardroom and the workplace. Through its programming, partnerships with like-minded organizations and national network of over 2,500 founders, investors and executives, Project W is moving the needle in closing the gender equality gap and in advancing the careers and lives of women. For more information, visit https://www.dwt.com/about/project-w.

About Davis Wright Tremaine

Davis Wright Tremaine LLP is an AmLaw 100 firm with more than 600 lawyers representing clients based throughout the United States and around the world. For more information, visit www.dwt.com.

Contacts

Leora Goldfarb

Baretz+Brunelle

Lgoldfarb@baretzbrunelle.com

Environmental Service Systems, LLC Ranked Charlotte’s 2nd Largest Black-Owned Business

September 29, 2021 (updated September 29, 2021) Published by BusinessWire

The Company is ranked by Revenue in 2020 Based on Research by Charlotte Business Journal

CHARLOTTE, N.C.–(BUSINESS WIRE)–Environmental Service Systems (ESS), a minority-owned company that provides high-quality janitorial and facilities maintenance services, is honored to be recognized as Charlotte’s second-largest Black-owned business. The Company has gained its recognition on the basis of its revenue in 2020, demonstrating its strength and growth as a diverse company with a national footprint.

“It is a moment of great pride for ESS to be recognized as the second-largest Black-owned business across various sectors in Charlotte. Charlotte Business Journal is a premier media platform with comprehensive coverage of local and national business news and their research is an effective barometer for the success of minority-owned companies based on the revenue generated,” said Edgar Ruth, President and Founder of ESS. “I am pleased to see that the pride my team takes in the work we do transcends to our business accomplishments. ESS exceeded the revenue generation goals through the hard work and perseverance of each employee. As a result, our achievements have gained recognition among companies from a wide range of industries,” he continued.

The Company is determined to create more meaningful opportunities and contribute to creating a positive impact on the industry, employees, customers, and community in North Carolina and across the country.

About ESS

Established in 1998, Environmental Service Systems, LLC provides janitorial and facilities maintenance services to clients belonging to a range of industries. For more information about ESS, visit www.environmentalss.com

Contacts

Ciara Lilly clilly@environmentalss.com

National Urban League and Experian Launch Partnership to Support Financial Inclusion and Credit Education

September 28, 2021 (updated September 28, 2021) Published by BusinessWire

National Urban League entrepreneurs and Young Professionals will have access to credit and small business tools

NEW YORK–(BUSINESS WIRE)–The National Urban League and Experian North America today announced the launch of a new partnership to further the mission of financial inclusion and empowerment for all. National Urban League President and CEO Marc H. Morial and Experian North America Chief Executive Officer Craig Boundy shared the news during the opening day of National Urban League’s first all-virtual Conference.

“The racial credit gap is a major barrier to Black entrepreneurship, homeownership and wealth-building,” said National Urban League’s Morial. “By utilizing a more inclusive credit-scoring model and offering other financial services, this innovative partnership will help put Black business owners, homeowners and job-seekers on a more equal footing, building stronger communities and a stronger economy.”

Through this partnership, Experian is providing National Urban League Young Professionals – a community-based volunteer auxiliary comprised of young professionals ages 21-40 – and those enrolled in one of 12 Urban League Entrepreneurship Centers with free access to their Experian consumer credit report and FICO® Score, along with the ability to potentially increase their credit scores instantly with Experian Boost™. Experian will also be offering small business tools, services, and educational content.

Based on a more inclusive credit-scoring model, Experian Boost can boost credit scores to reflect a more accurate payment history by factoring in utility bills, cellphone bills and video streaming services.

“Access to credit enables consumers the chance to reach their goals. We know that some have faced more obstacles than others through no fault of their own. Whether it’s buying a home, a car, or access to credit itself at a more affordable rate, everyone deserves the chance to achieve financial health and we’re excited this new partnership will facilitate these opportunities,” said Boundy.

Investing in communities is a key pillar of Experian’s Corporate Social Responsibility program. The partnership is part of Experian’s United for Financial Health initiative, which aims to empower and protect vulnerable consumers to improve their financial health through education and action.

About National Urban League

The National Urban League is a historic civil rights organization dedicated to economic empowerment in order to elevate the standard of living in historically underserved urban communities. The National Urban League spearheads the efforts of its 91 local affiliates through the development of programs, public policy research and advocacy, providing direct services that impact and improve the lives of more than 2 million people annually nationwide. Visit www.nul.org and follow us on Facebook, Twitter, and Instagram: @NatUrbanLeague.

About Experian

Experian is the world’s leading global information services company. During life’s big moments — from buying a home or a car to sending a child to college to growing a business by connecting with new customers — we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 17,800 people operating across 44 countries, and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

Contacts

Teresa Candori, National Urban League, tcandori@nul.org
Victoria Lim, Experian North America, Victoria.Lim@experian.com

Fiverr Announces Inaugural Future Collective, a Business Accelerator Fellowship for Black Entrepreneurs

September 22, 2021 (updated September 22, 2021) Published by BusinessWire

Future Collective fellows to receive funding as well as access to a free 6-month training and mentorship program for startups

NEW YORK–(BUSINESS WIRE)–Fiverr, the company that is changing how the world works together, is announcing its inaugural Future Collective Fellowship Program as well as the five fellows who have been selected to receive funding, training and mentorship. Fiverr’s Future Collective was created alongside 1863 Ventures, an independent, Black-led nonprofit organization that delivers business development programs designed to bridge the gap between entrepreneurship and equality, and maestra, a business strategy firm building a more socially conscious and equitable world. The program aims to support Black entrepreneurs that have used Fiverr’s platform to get started and are already a part of Fiverr’s growing community of small businesses.

Research shows that Black entrepreneurs face financial hurdles not only when beginning their businesses, but as they attempt to navigate spaces that often don’t look like them and to which they have had little access historically. The Federal Reserve Bank of Cleveland found that Black entrepreneurs were 10% more likely to apply for financial startup assistance than their white counterparts, yet they were 19% less likely to be approved. White entrepreneurs have an edge over their Black counterparts because, for every $100 in white family wealth, Black families hold just $5.04. That same sentiment is what drives many Black sellers on Fiverr. 54% come to the platform hoping to make a sustainable, permanent living primarily on Fiverr – more likely than their White and Latinx seller counterparts. Fiverr hopes to be a part of helping to close that gap and countless others.

“Fiverr’s purpose is to provide anyone, no matter their race, religion, background or beliefs, the opportunity to build their business, brand or dreams. Therefore, it is incumbent upon us to use our platform and resources in pursuit of this purpose,” said Micha Kaufman, CEO of Fiverr. “Yes, the world has seen an outpouring of support for Black owned businesses in the past year, however, there is still so much work to be done. We are thrilled to be able to support these incredible five businesses with the funding, mentoring, and training that they deserve and can’t wait to watch them continue to grow and succeed through this program.”

The five businesses that have been selected as Fiverr’s inaugural class of Future Collective fellows are:

Appdrop – software for empowering non-technical teams to build mobile apps without writing a single line of code.

Budget Collector – provides an artificial intelligence (AI) art adviser as a mobile app. The company supports the development of private art collections as well as galleries and provides resources for potential and current art collectors.

De L’or Cakery – a 5-star artisan cake catering company using top notch ingredients, many imported directly from the Caribbean to provide outstanding flavors.

Hey Girl Hey – a social bonding game created by sisters, Seanice and Sharina Clarke, Hey Girl Hey is a card game built to foster community connections among black women, featuring unexpected and entertaining prompts and challenges.

Keeyahri – a luxury women’s shoe brand inspired by founder and artistic director Keya Martin’s favorite architecture around the world. Keeyahri aims to help women feel confident through unique designs.

Each of the Future Collective fellows will receive $24K in funding from Fiverr, guaranteed placement in an accelerator program organized and orchestrated by 1863 Ventures and regular mentorship and guidance from Fiverr’s senior management team. The structure of the program will consist of monthly cohort sessions, assigned online materials to review and complete coupled with regular coaching sessions. The fellows will also have access to 1863 Ventures’ weekly entrepreneur webinar sessions, allowing them to participate in sessions they find relevant to their business and growth.

“Now, more than ever, it is time to double down on our support of Black entrepreneurs. Over the past few years, roughly 20% of Black Americans have engaged in early-stage entrepreneurship, but their businesses struggle to advance along the entrepreneurial pathway,” said Melissa Bradley, Managing Director of 1863 Ventures. “If Black businesses reached economic parity with non-black businesses, their revenues would increase by approximately $5.9 trillion and create more than 19 million more jobs. 1863 Ventures is proud to be leading the charge in providing the necessary resources, capital, and programmatic support to break down barriers for Black businesses. We are excited to be working with Fiverr and maestra to make this new fellowship one of a kind and accomplish economic parity for these businesses.”

“While white adults have 13 times the wealth that Black adults do, when we compare median wealth of Black and white business owners, the median wealth gap decreases to a multiplier of three,” said De’Ara Balenger, Co-Founder of maestra. “Through this effort and more like it, we believe that we can work towards building Black generational wealth and supporting Black entrepreneurship.”

About Fiverr

Fiverr’s mission is to change how the world works together. Since 2010, the Fiverr platform has been at the forefront of the future of work connecting businesses of all sizes with skilled freelancers offering digital services in more than 500 categories, across 9 verticals including graphic design, digital marketing, programming, video and animation. In the twelve months ended June 30, 2021, 4.0 million customers bought a wide range of services from freelancers across more than 160 countries. We invite you to become part of the future of work by visiting us at fiverr.com, read our blog and follow us on Facebook, Twitter and Instagram.

Contacts

Abby Forman

press@fiverr.com

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

September 19, 2021 (updated September 19, 2021) Published by BusinessWire

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.

1,100 more businesses will also receive Comcast RISE marketing and technology support, bringing total awardees to nearly 4,700 since program launched in late 2020

NEW YORK–(BUSINESS WIRE)–Comcast announced today a second round of cities to receive grants from the Comcast RISE Investment Fund, providing $6 million additional dollars to hundreds of small businesses owned by people of color, including Black, Indigenous, Hispanic, and Asian American owners, among others, bringing the total to $11 million in grants awarded as part of the Comcast RISE Investment Fund initiative.

Beginning on October 1, and through October 14, eligible businesses in Houston, Miami, Oakland, Seattle, the Twin Cities, and Washington, D.C. can apply for a $10,000 grant at www.ComcastRISE.com. A total of 100 grants per city, or 600 grants overall, will be awarded in November 2021. The Investment Fund is an extension of Comcast RISE, the multi-year, multi-faceted initiative launched in October 2020 to support small businesses owned by people of color and provide the resources and tools they need today and in the future.

Comcast RISE Recipients to Date

Comcast also announced its fourth round of Comcast RISE recipients, which includes 1,100 small businesses owned by people of color, that will receive a TV campaign, production of a TV commercial or consulting services from Effectv or computer equipment, internet, voice or cybersecurity from Comcast Business, as well as access to Ureeka, an online platform for entrepreneurs with a specialized online networking community with educational resources, sources of capital, and vetted experts. To date, nearly 4,700 Comcast RISE awardees have been announced and the program will have supported 13,000 small businesses by the end of 2022.

“While we know that no single organization can solve historic and systemic inequities overnight, we are committed to taking tangible actions that can drive long-term impact and change,” said Teresa Ward-Maupin, Senior Vice President, Digital and Customer Experience, Comcast Business. “Comcast RISE and the Comcast RISE Investment Fund offer the opportunity for small businesses owned by people of color to help grow their businesses, create jobs, and play a vital role in supporting our communities. This new round of Comcast RISE grants will provide more entrepreneurs of color with the resources and tools they need to scale their businesses and thrive for years to come.”

The Comcast RISE Investment Fund is focused on small businesses that have been in business for three or more years with 1-25 employees. Businesses must be in the following geographic locations to be eligible: Miami, FL (Miami-Dade and Broward Counties); Minneapolis-St. Paul, MN (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington Counties); Oakland, CA (City of Oakland);

Seattle, WA (King and Pierce Counties); and Washington, D.C. (Wards 1-8).

To help drive awareness about the program and provide additional support, training, and mentorship, Comcast has also awarded support to Operation Hope, Ureeka, U.S. Black Chambers, U.S. Hispanic Chamber of Commerce, Hispanic Heritage Foundation, National Asian American Chamber of Commerce, National CAPACD, Native Women Lead, National Congress of American Indians, Walker’s Legacy, Women Impacting Public Policy, Blavity.org, and nearly 40 community-based organizations in Houston, Miami, Oakland, Seattle, the Twin Cities, and Washington, D.C.

“Ureeka is proud of the commitment that Comcast is making to entrepreneurs of color, and we are humbled to be a part of this program,” said, Melissa Bradley, Co-Founder, Ureeka. “We know there are stark racial disparities in access to capital and resources for entrepreneurs of color – in fact, studies show that business owners of color are twice as likely as all business owners to report ‘lack of access to business loans/credit’ as a reason for closure. This program helps bridge the gap between survival and failure in the midst of a pandemic which continues to further exaggerate systemic injustices. The additional coaching and community connections that these businesses receive, in addition to monetary funding or services, will help these businesses gain valuable skills and opportunities that will help them move from survive to thrive.”

Comcast RISE Marketing and Technology Services

In addition to the Investment Fund, Comcast RISE, which stands for “Representation, Investment, Strength and Empowerment,” provides the opportunity for small businesses owned by people of color nationwide to apply for one or more of the following support focus areas with the opportunity to receive one.

Marketing Services: The following services from Effectv, the advertising sales division of Comcast Cable, and its creative agency, Mnemonic, are designed to help recipients with their marketing and media campaigns, including:
- Media: A linear TV media campaign to run over a 90-day period.
- Creative Production: Turnkey :30 TV commercial production, plus a media strategy consultation and 90-day media placement schedule.
- Consulting: Advertising and marketing consultations with local Effectv marketing, research, and creative teams to gain insights on how to drive business.

Technology Makeovers: The state-of-the-art equipment and technology upgrade from Comcast Business includes computer equipment as well as Internet, Voice, and Cybersecurity services for up to a 12-month period. (Taxes and other fees may still apply for technology makeover services.)

Monetary Grants: In round one, which was announced in April of 2021, the Comcast RISE Investment Fund provided $5 million in grants to 500 small businesses owned by people of color in five cities: Philadelphia/Chester, Houston, Atlanta, Chicago, and Detroit. As noted above, the Comcast RISE Investment Fund will provide an additional $6 million in grants to 600 small businesses owned by people of color in six cities: Miami, Houston, Oakland, Seattle, the Twin Cities, and Washington, D.C.

All eligible applicants will receive a monthly Comcast RISE newsletter with educational content, and all small business owners can visit the Comcast RISE destination on the X1 platform featuring aggregated small business news, tips, insights, and more. Just say “Comcast RISE” into the X1 voice remote.

Comcast’s Ongoing Commitment to Advancing Digital Equity

Comcast RISE is part of Comcast’s ongoing efforts to advance digital equity and help provide underrepresented small business owners with access to the digital tools and funding they need to thrive. Over the next 10 years, Comcast has committed $1 billion to programs and partnerships that will reach an estimated 50 million people with the skills, opportunities, and resources they need to succeed in an increasingly digital world.

More information and the applications to apply for either the grant program or marketing and technology services are available at www.ComcastRISE.com.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.

About Comcast Business

Comcast Business offers Ethernet, Internet, Wi-Fi, Voice, TV and Managed Enterprise Solutions to help organizations of all sizes transform their business. Powered by an advanced network, and backed by 24/7 customer support, Comcast Business is one of the largest contributors to the growth of Comcast Cable. Comcast Business is the nation’s largest cable provider to small and mid-size businesses and has emerged as a force in the Enterprise market; recognized over the last two years by leading industry associations as one of the fastest growing providers of Ethernet services. For more information, visit www.business.comcast.com or call 866- 429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social.

About Effectv

Effectv, the advertising sales division of Comcast Cable, helps local, regional and national advertisers use the best of digital with the power of TV to grow their business. It provides multi-screen marketing solutions to make advertising campaigns more effective and easier to execute. Headquartered in New York with offices throughout the country, Effectv has a presence in 66 markets with nearly 35 million owned and represented subscribers. For more information, visit www.effectv.com.

Contacts

Media:
William Bell

347-730-7758

William_Bell2@comcast.com

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Ohio-Based Startup Is First Northeast Recipient of Black Business Support Fund From Kinetic

September 17, 2021 (updated September 17, 2021) Published by BusinessWire

Kinetic Business has awarded $125,000 in grants since 2020 to benefit Black-owned firms

GENEVA, Ohio–(BUSINESS WIRE)–Kinetic Business today announced that an Ohio-based consulting firm that specializes in professional coaching, training and development, has been selected as the first Northeast Region winner of the Black Business Support Fund. The fund seeks to increase the number and stability of Black-owned businesses located within Kinetic’s service footprint.

Jewel White recently learned that, as a small-business grant recipient, her firm will receive $2,500 in cash and a year of free internet. Located in Geneva, Ohio, near Ashtabula, 180 Development Solutions & Consulting Co. LLC is a consulting agency that serves business and impact-driven organizations with coaching, facilitated dialogue, and shared learning experiences. Through its services, clients are given tools to manage and resolve disputes effectively, strengthen relationships, and encourage a collaborative team culture.

White says she is using the grant award to build strategic partnerships for her business. She recently became an authorized partner of Everything DiSC®, a global network of consultants, trainers, and coaches dedicated to improving the performance of people and cultures of organizations. That official partnership may not have been possible, at least not this year, without the support and recognition of Kinetic Business, she said.

“I’m so grateful that a close friend shared information about the Black Business Support Fund with me. I read the requirements and applied for it right away,” White said. “I strongly encourage other owners of Black-owned businesses to take the time to look into it and apply as soon as possible. The application process was a breeze. And already, the grant has been a real blessing for our small business, allowing us to continue pushing toward our vision of assisting other businesses and organizations, eliminating barriers, and implementing strategic techniques to produce purposeful, profitable, and impact-driven results.”

White’s is the first Black-owned enterprise to win the Fund since early August, when Kinetic Business began accepting applications for the awarding of grants to eligible businesses in three Northeast states: New York, Ohio, and Pennsylvania. Previously, Kinetic opened the Fund to eligible customers in areas of Georgia, Kentucky, New York, North Carolina, Ohio, and Pennsylvania where the company has service.

Since the fund’s launch in late 2020, businesses selected for the grants have received a grand total of $125,000 in cash awards. If chosen, each small-business grant recipient will receive $2,500 in cash and a year of free internet for their business. The selected businesses will also get a free consultation from Kinetic Business on processes and products that could improve efficiencies and make their business more profitable.

To be eligible for a Black Business Support Fund grant, a business must:

Be a new or current small business in a market area that Kinetic serves in North Carolina, Kentucky, Georgia, New York, Ohio or Pennsylvania;
Be Black-owned and have 25 or fewer employees;
Not be currently engaged in bankruptcy proceedings;
Not be a nonprofit organization, liquor store, check-cashing agency, gun shop, pawn shop or adult entertainment business, and
Not apply for multiple businesses.

Funds will be awarded on a first come, first served basis. Applicants should check Black Business Support Fund website for full terms and conditions and application process.

Kinetic has a long history of partnering with business and residential customers to connect communities to what’s important. Kinetic by Windstream is committed to deploying fiber to communities across the 18-state Kinetic footprint. This multi-year, $2 billion investment expanding fast, reliable connection allows residential customers gig speeds to navigate the internet safely from home with no lag times while they work, learn or stream entertainment services. Businesses ranging from small shops to large enterprises can take advantage of the fiber-backed network to deploy solutions that make their companies more efficient and profitable such as OfficeSuite UC® and SD-WAN.

About Kinetic

Kinetic by Windstream is a business unit of Windstream, a privately held communications and software company. Kinetic provides premium broadband, entertainment and security services through an enhanced fiber network to consumers and businesses primarily in rural areas in 18 states. The company also offers managed communications services, including SD-WAN and UCaaS, and high-capacity bandwidth and transport services to businesses across the U.S. Additional information is available at KineticBusiness.com. Follow us on Twitter at @GoKineticBiz.

Contacts

Kerri Case

kerri.case@windstream.com

The State of Black Business: New Survey Finds Progress, Challenges

July 31, 2021 (updated July 31, 2021) Published by BusinessWire

Groupon and National Black Chamber of Commerce survey for National Black Business Month found nearly 80% of Black business owners say their businesses are better off than last year

Nearly three of four Black business owners say investment in Black-owned businesses still trails white-owned businesses

Groupon is helping consumers discover and patronize local, Black-owned businesses

CHICAGO–(BUSINESS WIRE)–Groupon, the go-to destination for local experiences, and the National Black Chamber of Commerce released their second annual survey of Black small business owners in recognition of August’s National Black Business Month. Groupon and the chamber spoke with 500 Black-owned small businesses and 1,500 consumers to gain a better understanding of how consumers’ shopping habits have forever changed since the racial reawakening that began in the United States last summer. According to the results, consumers are largely keeping their promises to spend a greater share of their wallet at Black-owned businesses, but challenges remain.

Nearly 80% of Black business owners said their businesses were better off than they were last year at this time and nearly 60% said their business is as good or better than it was prior to the pandemic. Seven out of 10 consumers said that they actively sought out opportunities to shop at Black-owned businesses and an equal number plan to continue to do so long term. Nearly 70% of consumers also said they find it helpful when a business identifies as Black-owned and approximately 60% said they would be willing to pay more if they knew a small business was Black-owned.

More than half of all Black business owners said that while there’s more attention on the concerns and needs of businesses owned by people of color, the overall environment is still quite challenging. Roughly three out of four Black business owners said capital investment still lags in comparison to their white counterparts. In fact, gaining access to capital investment was the number one concern among the businesses surveyed. Their ability to tap into government resources, recover from the pandemic, build a support network and hire enough staff, were the other top concerns cited. Ultimately, black business owners indicated that the system that sets them up for success or failure still has a long way to go and more than 75% of those surveyed feel as though they’re held to a different standard, which makes launching and growing a business as an entrepreneur even harder.

“Groupon recognizes the importance of being a brand that lives by its values, taking a stand for what’s right and leveraging our influence to drive positive change within our communities,” said Aaron Cooper, Interim CEO, Groupon. “Every merchant has worked hard to build a business that they can be proud of, and it’s important for us to understand the systemic barriers and biases that exist for marginalized communities. As a company, we’re committed to highlighting and championing Black-owned businesses and connecting them to our diverse customer base. While we’re making progress, we recognize that we have more work to do.”

Groupon is taking action in August and throughout the year to translate its support for Black-owned businesses into meaningful action:

The company has curated a collection of hundreds of Black-owned businesses across the United States and will be featuring these merchants across Groupon’s mobile, online and social channels throughout the month of August. In 2020, Groupon saw searches for “Black-owned” increase nearly 400% for the full-year vs. 2019. During Groupon’s 2020 Black Business Month campaign, units sold for businesses that identified as Black-owned and participated in the month-long event increased 44% compared to the previous month. To find Black-owned businesses that you can support in your community, please visit gr.pn/celebrate.

In addition, the company has partnered with Kiva.org––a renowned crowdfunding platform––to raise funds from consumers to support a Black-owned business fund that will help create opportunity and unlock investment capital for Black merchants across the U.S.

Groupon is also working with the National Black Chamber of Commerce to offer an online marketing and technology education session at the Illinois Chamber’s annual convention in September. The Groupon and chamber survey of Black-owned businesses identified social media, lack of a digital/online presence, consumer awareness, upfront costs and foot traffic as their biggest marketing challenges. Experts from Groupon will consult with business owners who are attending the convention.

On Aug. 22, Groupon is partnering with The Black Women’s Expo – BWE Next to feature 10 Groupon merchants as exhibitors. Each Black-owned business will have their own booth in the expo’s marketplace and Groupon will help promote and advertise their presence. Groupon will also have its own booth at the expo to help the company recruit diverse applicants from the estimated 30,000 attendees.

Finally, to help bring more attention to the disparities Black entrepreneurs face and resources available to help their businesses succeed, Groupon is joining forces with the Illinois Department of Commerce and Economic Opportunity (DCEO) to host a virtual panel discussion: Building Back Better: Charting Economic Recovery for the Black Business Community & Crafting the Roadmap for Access to Capital for Black Entrepreneurs. The discussion will take place on Aug. 25, 2021 at 10:00 a.m. CDT and will bring together a national audience of business, government and community leaders. For more information about the Groupon and Illinois Department of Commerce and Economic Opportunity virtual panels, please visit gr.pn/webinar.

“Over the past year we’ve made progress drawing attention to the needs and concerns of Black-owned businesses, but we know that we must do even better,” said Larry Ivory, chairman of the National Black Chamber of Commerce and president and CEO of the Illinois State Black Chamber of Commerce. “We’re grateful to companies like Groupon that are willing to listen to the concerns of our community and heed their responsibility to do more. By working together, we can help level the playing field for small Black-owned businesses, and we’re excited for Groupon to provide actionable and useful insights to our members.”

About the National Black Chamber of Commerce

The National Black Chamber of Commerce® was incorporated in Washington, DC in March 1993. The NBCC is a nonprofit, nonpartisan, nonsectarian organization dedicated to the economic empowerment of African American communities. In essence, the NBCC is on the leading edge of educating and training Black communities on the need to participate vigorously in this great capitalistic society known as America. The NBCC reaches 100,000 Black owned businesses. There are 2.6 million Black-owned businesses in the United States. Black businesses account for over $138 billion in revenue each year according to the US Bureau of Census. The National Black Chamber of Commerce® is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States.

About Groupon

Groupon (NASDAQ: GRPN) is an experiences marketplace where consumers discover fun things to do and local businesses thrive. For our customers, this means giving them an amazing selection of experiences at great values. For our merchants, this means making it easy for them to partner with Groupon and reach millions of consumers around the world.

Contacts

Groupon

Nick Halliwell

nhalliwell@groupon.com

For more media assets, please visit here.

American Express’ Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses

July 21, 2021 (updated July 21, 2021) Published by BusinessWire

NEW YORK–(BUSINESS WIRE)–American Express (NYSE: AXP) today announced that the Coalition to Back Black Businesses will award 25 Black-owned small businesses from the Coalition’s 2020 grant program an additional $25,000 enhancement grant to support their long-term success and resilience. Approximately 60% of the grant recipients were Black women-owned small businesses and 75% were Black-owned businesses with six or fewer employees.

“My business and life have done a full 180 since receiving support from the Coalition to Back Black Businesses program,” said Deandre Wade, owner of Fresh Sportswear, a small business in Antioch, TN that designs and manufactures custom uniforms for sports teams, with a focus on youth. “With the enhancement grant, I will be moving my business out of my living room and purchasing the tools and equipment needed to begin mass-producing our products.”

Established in September 2020, the Coalition to Back Black Businesses is a multi-year grantmaking and training initiative with an initial $10 million commitment to help support and empower Black-owned small businesses. Through 2024, the Coalition will distribute $5,000 grants to qualifying Black-owned small businesses each fall and will provide the opportunity to apply for select $25,000 enhancement grants the following spring. In addition, the Coalition is providing grant recipients with exclusive access to mentorship programs, training and online resources to help them grow and manage their businesses.

American Express established the Coalition to Back Black Businesses, a first-of-its-kind collaboration with the U.S. Chamber of Commerce Foundation and four major Black chambers, including the National Black Chamber of Commerce, National Business League, U.S. Black Chambers, Inc., and Walker’s Legacy. The AIG Foundation℠, Altice USA (Optimum & Suddenlink), Cummins Inc., Dow, and Stanley Black & Decker joined the effort as partners, contributing additional funds and resources to help advance the Coalition’s work.

In its first year, the Coalition partners distributed 600 grants to Black-owned small businesses located in 33 states. The initial funds supported a wide range of critical business needs including paying employees, repaying debts, covering rent and utility bills, developing e-commerce capabilities, funding PPE purchases and expanding or pivoting business models. Grant recipients from 2020 were invited to apply for additional funds through the enhancement grants to help sustain and grow their businesses.

“The Coalition to Back Black Businesses gave us an opportunity to re-invest back into our business through marketing and advertising,” stated Melissa Hyles, owner of Oak Tree Financial and Tax Services, a family-owned financial services firm that has served the Rancho Cucamonga, CA area for over 25 years. “With the first grant of $5,000, we were able to update our website, which allowed us to have a much more visible presence on the internet. We plan on using the $25,000 enhancement grant to continue investing in marketing, opening a second location, and starting a mentorship program for our community so that we can pay it forward and give back.”

25 RECIPIENTS OF THE ENHANCEMENT GRANTS

American Express worked closely with the U.S. Chamber of Commerce Foundation and a selection board comprised of Coalition representatives to select the 25 grantees from across the U.S. The 25 Black-owned small businesses hail from 14 states and across 9 industries, with the largest percentage of grants awarded to small businesses in the trade and services, retail and healthcare industries. The leading reasons for requesting an enhancement grant included developing a stronger online presence, relocating to a larger physical space and increasing marketing efforts.

The full list of grantees includes:

Business Name (Industry)	Location	Owner
424 Fashionz LLC (Sales)	Duluth, Georgia	Delores Salley
Alexandria Primary Care Clinic (Healthcare & Medical)	Alexandria, Louisiana	Melanie LaCour
Be-Moor Radio, L3C (Advertising, Arts & Media)	Detroit, Michigan	Dennis Talbert
Daemarii’s Unique Boutique, LLC (Sales)	Macon, Georgia	Virginia Sharp
Dancing with the Nordés, LLC (Education & Training)	Lansing, Michigan	Tiffany Nordé
Elk City Auto Spa (Trades & Services)	Charleston, West Virginia	C. Anthony Parker
Everybody’s Juice (Food and Beverage)	Washington DC	Najee Ellerbe
Excel Cleaning Services (Trades & Services)	Nashville, Tennessee	Caryn Clopton
Fresh Sportswear (Sport & Recreation)	Antioch, Tennessee	Deandre Wade
Genesis Printing Co, Inc. (Trades & Services)	Jacksonville, Arkansas	Goldman Jackson Jr.
Hands N Harmony (Trades & Services)	Universal City, Texas	Nancy Brewington
Harness Innovation (Education & Training)	Detroit, Michigan	Sean Harness
Heartsleeve (Sales)	New Orleans, Louisiana	Bernie January Jr.
Hope Pharmacy Inc (Healthcare & Medical)	Richmond, Virginia	Shantelle Brown
Impact 4 Change, PLLC (Healthcare & Medical)	Houston, Texas	Catherine Mukes
Julia Lynn Productions Inc (Education & Training)	Bronx, New York	LaVerne Bowen
Keeping It Clean Commercial Cleaning (Trades & Services)	Saginaw, Michigan	Cecilia Webb
L & R Human Resource Consulting, LLC (Human Resources)	Bossier City, Louisiana	Mary Webber
Lamik, Inc (Sales)	Houston, Texas	Kim Roxie
Let’s Go Outdoors (Education & Training)	Cheltenham, Pennsylvania	Tarsha Scovens
Oak Tree Financial and Tax Services (Banking & Financial Services)	Rancho Cucamonga, California	Melissa Hyles
Paradigm Dental Center LLC (Healthcare & Medical)	Memphis, Tennessee	Christina Rosenthal
TBM Logistics (Sales)	Raeford, North Carolina	Thomas McMillan
The Suite Service (Trades & Services)	New York City, New York	Jessica Ogonor
Tonnie’s Minis (Food and Beverage)	Newark, New Jersey	Tonnie Rozier

Learn more about the winners and positive impact this funding will have on their businesses at www.webackblackbusinesses.com/recipients.

This September, more eligible U.S. Black-owned small businesses will have the opportunity to receive support, when applications open for the Coalition to Back Black Businesses’ 2021 grants. Please visit www.webackblackbusinesses.com for more details.

About American Express’ Continued Support for Black-Owned Businesses

In the fall of 2020 American Express announced a $1 billion action plan to enhance diverse representation and promote equal opportunities for colleagues, customers and communities. As part of this commitment, by the end of 2024 the company plans to provide financial support and education to at least 250,000 Black-owned small and mid-sized businesses. Among the company’s previously announced initiatives aimed to support Black-owned businesses are the “100 for 100” program for Black women entrepreneurs, the Coalition to Back Black Businesses grant program, a $1+ million grant program for “Backing Historic Small Restaurants” with a focus on those owned by underrepresented groups, a $40 million investment to the non-profit lender Accion Opportunity Fund to provide loans and resources to underfunded small business owners and an expanded ByBlack national certification and directory platform developed by the U.S. Black Chambers, Inc. exclusively for Black-owned businesses.

Business owners can learn more about these American Express initiatives, resources and more here.

ABOUT AMERICAN EXPRESS

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.

ABOUT THE COALITION TO BACK BLACK BUSINESSES

American Express established the Coalition to Back Black Businesses in September 2020 with a $10 million commitment to fund a grant program, over four years, to help Black-owned small businesses recover from the disproportionate impact of COVID-19.The grant program is administered by the U.S. Chamber of Commerce Foundation, in partnership with the National Black Chamber of Commerce, National Business League, U.S. Black Chambers, Inc., and Walker’s Legacy. The U.S. Chamber of Commerce Foundation is a private sector 501(c)(3) charity affiliated with the U.S. Chamber of Commerce and is not a government agency.

Source: American Express Company

Location: U.S.

Contacts

AMERICAN EXPRESS
Sarah Abebe

Sarah.Abebe@aexp.com

Spelman College Joins Blackstone LaunchPad Partnership With Atlanta Historically Black Colleges to Expand Access to Entrepreneurship

July 2, 2021 (updated July 2, 2021) Published by Cision

ATLANTA, July 1, 2021 /PRNewswire/ — Spelman College, along with Clark Atlanta University and Morehouse College, announces a new partnership with Blackstone LaunchPad to make the development of entrepreneurial skills more accessible to students in the Atlanta University Center Consortium.

Developed with support from United Negro College Fund Inc., the largest scholarship provider for students of color, Blackstone LaunchPad’s expansion to Spelman, Morehouse and Clark Atlanta is the latest step in the Blackstone Charitable Foundation’s commitment to increase career mobility for a more diverse set of students through entrepreneurship training and skill-building.

“Spelman’s goal is to provide our students with the competitive edge they need to excel in any field,” said Mary Schmidt Campbell, Ph.D., president of Spelman. “Providing access to entrepreneurial insight, training and mentoring through high caliber partnerships, Blackstone LaunchPad is an innovative program our scholars will benefit from for years to come. We are grateful for the investment in our students by Blackstone LaunchPad, which aligns with our new Center for Black Entrepreneurship, and will result in diversifying the pipeline of owners and leaders.”

The partnership is part of the Blackstone Charitable Foundation’s $40 million, five-year commitment to expand Blackstone LaunchPad from 30 to 75 colleges and universities that have a majority diverse population or serve under-resourced communities. Blackstone LaunchPad will facilitate access to a global network of mentors and advisors, deliver proven startup resources and offer unique virtual and physical convening opportunities. Students will also have the opportunity to participate in pitch competitions, fellowships and live speaker series.

“We are thrilled to be supporting these three great schools and their students through Blackstone LaunchPad,” said Amy Stursberg, executive director of the Blackstone Charitable Foundation. “This partnership is an exciting step in our broader commitment to introduce students from underrepresented communities to entrepreneurial skillsets that are applicable to all future career paths.”

The initiative began with a $5 million expansion in January 2021 to six campuses designated as Hispanic Serving Institutions in the University of Texas system that demonstrated a commitment to increasing diversity in student entrepreneurship.

“This an exciting venture that opens opportunities for our HBCU campuses and their students. We are especially pleased that Blackstone LaunchPad will now be available for students at the Atlanta Universities Consortium schools,” said UNCF President and CEO Michael L. Lomax, Ph.D. “We look forward to continuing our partnership and introducing Blackstone LaunchPad to additional HBCUs across the United States. Advancements like this enable our students to make their talents grow exponentially and open doors they could never have dreamed of even peering through previously.”

With support from partners including Future Founders, UNCF, Startup Grind and Techstars, Blackstone LaunchPad is currently available to over 900,000 students at 30 schools in the United States and Ireland.

About Spelman College
Founded in 1881, Spelman College is a leading liberal arts college widely recognized as the global leader in the education of women of African descent. Located in Atlanta, the College’s picturesque campus is home to 2,100 students. Spelman is the country’s leading producer of Black women who complete Ph.D.s in science, technology, engineering and math (STEM). The College’s status is confirmed by U.S. News & World Report, which ranked Spelman No. 54 among all liberal arts colleges, No. 19 for undergraduate teaching, No. 4 for social mobility among liberal arts colleges, and No. 1 for the 14th year among historically Black colleges and universities. The Wall Street Journal ranked the College No. 3, nationally, in terms of student satisfaction. Recent initiatives include a designation by the Department of Defense as a Center of Excellence for Minority Women in STEM, a Gender and Sexuality Studies Institute, the first endowed queer studies chair at an HBCU, and a program to increase the number of Black women Ph.D.s in economics. New majors have been added, including documentary filmmaking and photography, and partnerships have been established with MIT’s Media Lab, the Broad Institute and the Army Research Lab for artificial intelligence and machine learning. Outstanding alumnae include Children’s Defense Fund founder Marian Wright Edelman, Walgreens Boots Alliance CEO Rosalind Brewer, political leader Stacey Abrams, former Acting Surgeon General and Spelman’s first alumna president Audrey Forbes Manley, actress and producer Latanya Richardson Jackson, global bioinformatics geneticist Janina Jeff and authors Pearl Cleage and Tayari Jones. For more information, visit Spelman College.

About Blackstone Charitable Foundation
The Blackstone Charitable Foundation has led Blackstone’s philanthropic initiatives since 2007. We are driven by the firm’s commitment to diversity and inclusion and providing access to opportunity in the communities in which we live and work. Blackstone LaunchPad helps college students learn entrepreneurial skills for success to build thriving companies and careers, with an increasing commitment to schools that have a majority diverse student population or engage with under-represented communities. BX Connects engages Blackstone’s global employee base to partner with non-profits, supporting their missions through volunteer opportunities, fundraising, board service, and other charitable activities.

About UNCF
United Negro College Fund is the nation’s largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students’ education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically Black colleges and universities are highly effective, awarding nearly 20% of African American baccalaureate degrees. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 60,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟A mind is a terrible thing to waste.”® Learn more at UNCF.org or for continuous updates and news, follow UNCF on Twitter at @UNCF.

SOURCE Spelman College

CONTACT: Joyce Davis, Associate Vice President, Marketing & Communications, Jdavis44@spelman.edu, 404-449-6719

Tag: Black Entrepreneurs

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