Business

Google gives $1 million to Trump inauguration

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By Steve Overly Google has donated $1 million to President-elect Donald Trump’s inauguration fund, the company confirmed to POLITICO Thursday, matching contributions from Meta, Amazon, OpenAI CEO Sam Altman and Apple CEO Tim Cook. Tech companies have clamored to win Trump over in the months since his election, with Google’s CEO Sundar Pichai among a line of executives who have flocked to Mar-a-Lago for meetings with the incoming president. “Google is pleased to support the 2025 inauguration, with a livestream on YouTube and a direct link on our homepage. We’re also donating to the inaugural committee,” Karan Bhatia, Google’s global head of

Meet The Black Women Entrepreneurs Who Will Be Opening Shop At JFK Airport

By Samantha Dorisca Several Black women-owned businesses are making their way to JFK airport. According to TRBusiness, six small, women-owned businesses based in New York will now have a new home at Terminal 8 (T8) due to a $125 million redevelopment program. They were selected through an accelerator program launched by Unibail-Rodamco-Westfield (URW) Airports. The chosen entrepreneurs were also offered adaptable deal structures and smaller storefront spaces to minimize entry hurdles and lower design expenses. “Helping local businesses access concessions opportunities at Terminal 8 is an asset for our passengers, who will enjoy products unique to New York that are made and sold by local artisans and vendors,” said

Morehouse’s MIEC Marks 20 Years with Building Black Business Report

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By Ashley Brown The Morehouse Innovation & Entrepreneurship Center celebrated its 20th anniversary on Dec. 11, 2024, with a special awards ceremony at Morehouse College, unveiling the significant “Building Black Business 2024” report. This comprehensive document examines the systemic barriers that Black businesses face while offering strategic solutions to enhance access to capital, technical assistance, and ecosystem support. Over the past two decades, the MIEC has established itself as a leader in fostering Black entrepreneurship and as a model for collaboration between higher education and industry. The center’s recent report highlights the challenges and pathways to success for over 3.5 million Black-owned businesses in

Walmart illegally opened delivery drivers’ deposit accounts, U.S. says

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By Alina Selyukh A federal lawsuit alleges that Walmart deceived more than a million delivery drivers by creating deposit accounts without their knowledge or consent, using their Social Security numbers and other personal information. The Consumer Financial Protection Bureau on Monday accused Walmart and payments platform Branch Messenger of costing delivery drivers over $10 million in fees through these accounts since 2021. Walmart, in turn, accused the agency of filing a rushed lawsuit full of errors. The government’s lawsuit says Walmart told drivers, who deliver its shipments to customers’ homes, that they would lose their jobs if they didn’t use Branch accounts

Reebok Named Shaquille O’Neal President And Allen Iverson VP Of Its Basketball Division, Now It’s Inked A Multi-Year WNBA Partnership

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Reebok is making a comeback in the world of basketball. On Thursday, Dec. 19, 2024, Reebok and the WNBA announced a multi-year agreement designating the global sports culture brand as an authorized footwear supplier for the league. “The WNBA continues to grow with iconic brands, and we look forward to Reebok joining us in driving women’s basketball to new heights and inspiring the next generation,” WNBA Chief Growth Officer Colie Edison said in a statement. “As we continue to capitalize on increased brand awareness, our work with Reebok is another step in bringing more fans to the game.” Reebok has been

Amazon faces multiple pickets as union targets holiday shopping rush

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By Alina Selyukh Amazon faced a coordinated picket effort as drivers and warehouse workers at multiple locations around the U.S. on Thursday pressed the retail giant to recognize their unions. The campaign launched by the Teamsters union comes during the holiday-shopping rush, though Amazon says it has not affected operations. The union had said workers would strike at seven locations in major delivery hubs: around the cities of New York, Atlanta, Chicago, Los Angeles and San Francisco and that it had organized the “largest strike against Amazon in U.S. history.” By the afternoon, according to NPR’s reporters and media photos, picketers

Howard AVP Becomes First Woman of Color to Be Named President of National College Business Association

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Courtesy of Howard University Assistant Vice President for Auxiliary Enterprises LaNiece Tyree, MPA, CASP, was recently elected president of the National Association of College Auxiliary Services (NACAS), making her the first woman of color, as well as the first from an HBCU, to hold the title.  Elected on October 29 during the C3X Annual Conference and Expo in Kissimmee, Florida, Tyree now leads the association’s 12-member board, providing strategic oversight and direction for key initiatives and shaping the future of auxiliary services in higher education. Taking on the highest NACAS leadership role, she will guide the organization in its mission

SBA Awards $2.2 Million to Morgan’s Entrepreneurial Development and Assistance Center to Establish New Entrepreneurship Outreach Initiatives

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Courtesy of Morgan State University Morgan State University’s Entrepreneurial Development and Assistance Center (EDAC) has secured funding to enhance two of its impactful outreach initiatives aimed at advancing the center’s mission. Specifically, the Small Business Administration (SBA) has awarded EDAC $1.5 million to support the Returning Citizens Inspired to Develop Entrepreneurial Ventures (RIDE) Entrepreneurship Center and $700,000 for the Government Certifications Contracting and Matchmaking Solutions Center. Both programs are designed to empower aspiring entrepreneurs by providing essential resources and assistance to help participants effectively navigate the complexities of the business landscape. This funding was made possible through the FY24 Omnibus Spending Bill with the

Amazon ordered to let workers vote on unionizing — for the 3rd time

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By Alina Selyukh Amazon workers at a warehouse in Alabama should get a third opportunity to vote on unionizing, a federal labor judge has ruled. The vote is not expected any time soon, however, as the legal process drags on. The warehouse in Bessemer made history as the site of the very first union election by Amazon workers, in 2021. But the outcome was not historic: workers voted against unionizing. U.S. labor officials later ruled that Amazon improperly influenced the vote, and workers voted a second time in 2022. The outcome remained too close to call for years, with hundreds of ballots challenged by either

HBCUs Philander Smith University And Southern University Just Won This Entrepreneurial Pitch Competition

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By Kui Mwai Students from Philander Smith University and Southern University and A&M College won the sixth annual Moguls in the Making entrepreneurial pitch competition, which invites 50 students from historically Black colleges and universities to develop business concepts designed to improve Detroit’s economy. This year’s participants competed for over $200,000 in scholarships and prizes. Two teams tied for first place. Each student winner won a $20,000 scholarship and a guaranteed internship. The competition, which was held from Oct. 2 to6, was hosted by Ally Financial in collaboration with the Thurgood Marshall College Fund. Hampton University was second place and Spelman College was third. “These Moguls stand

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