Business - Page 19

Pandemic takes a devastating toll on minority-owned businesses


Opinion by Rick C. Wade for CNN Business Perspectives Editor’s note: Rick C. Wade is senior vice president of strategic alliances and outreach at the U.S. Chamber of Commerce, where he leads the Chamber’s Equality of Opportunity Initiative. The opinions expressed in this commentary are his own. Far too often, the opportunity to obtain an education, secure a job, access quality health care or provide for your family is still determined by the color of your skin. While the work to close the racial divide is not easy, it must be done. This is more than a moral mandate —

Google CEO to Meet With HBCU Presidents After Racism Allegations 


Google CEO Sundar Pichai will meet with five presidents of historically Black colleges and universities next week after two former Google employees accused the company of racial discrimination, CNN Business reported. Last month, two Black former Google employees — April Curley, a diversity recruiter, and Timnit Gebru, an artificial intelligence researcher — tweeted that they were fired from the tech giant after voicing concerns about how few Black people worked at Google and how those employees were treated. Curley oversaw HBCU recruitment and said several of her superiors believed HBCU computer science graduates didn’t have the technical skills to work

TikTok is giving 10 colleges $10 million to boost minorities in health care


The video social network website made the announcement Wednesday, saying that each school would receive $1 million to support both undergraduate and graduate scholarships for students pursuing careers in medicine, public health or other health-related fields. The ten schools benefiting are Xavier University of Louisiana, Tougaloo College, North Carolina Central University, North Carolina A&T University, South Carolina State University, Laredo College, University of South Dakota, Florida A&M University, Delaware State University and Virginia Union University. In a statement, TikTok said the gifts would help “ensure the success of future Black, Latinx, and Indigenous health heroes.” “We believe investing in the next

MacKenzie Scott donates $4.2 billion to 384 organizations, to include HBCUs


MacKenzie Scott announced on Tuesday her second major charitable contribution of the year, giving away nearly $4.2 billion to 384 organizations as part of a plan to donate a majority of her fortune. The announcement comes just four months after Scott donated $1.7 billion to 116 organizations, including four historically Black colleges and universities (HBCUs), in July. The latest round of philanthropic gifts total more than $4.16 billion donated by Scott to organizations nationwide in the past four months. “The pandemic has been a wrecking ball in the lives of Americans already struggling,” Scott wrote in a Medium post. “Economic

Fifth Third Bank Offers Career Development Programming for HBCU Students


In 2017, Fifth Third Bank, National Association, implemented a multicultural college and university recruitment program that establishes relationships with multiple colleges to recruit, hire and retain the best and brightest students.As part of the strategy, the Bank has deepened its relationships with traditional colleges as well as Historically Black Colleges and Universities (HBCUs) as a way to strengthen the pipeline of diverse talent. The strategy also emphasizes internships and long-term employment through leadership programs. Moreover, it strengthens the Bank by developing an employee base that reflects the communities we serve, and it enhances the lives of tomorrow’s leaders.Since the program’s

Fashion Designer Virgil Abloh Joins Fashion Scholarship Fund Governing Board


Fashion Designer Virgil Abloh Joins Fashion Scholarship Fund Governing Board Shares Information on Scholarships and Opportunities Offered through the Virgil Abloh “Post-Modern” Scholarship Fund Supporting Next Generation of Black Fashion Industry Leaders   The Fashion Scholarship Fund (FSF) announced today that designer Virgil Abloh will be joining its Board of Governors. In this role, Abloh will join fellow Board members in providing scholarships and internship, mentoring, and professional development opportunities for the organization’s scholars who are just starting out in the fashion industry. “We are so honored to have Virgil join the FSF Board. His efforts to promote equity and

Black Woman Breaks Ceiling In The Gaming Industry As The First To Launch Collegiate E-sports & Gaming Company


Black Woman Breaks Ceiling In The Gaming Industry As The First To Launch Collegiate E-sports & Gaming Company – The Black Collegiate Gaming Association Creates Scholarship, Career, Competition and Tech Opportunities for Black College Students – GameStop, Intel and Nacon Gaming Agree to Support A Black woman is poised to change the gaming industry this week as the first to enter the male-dominated space of owning a collegiate esports and gaming company aimed to catapult Black college students beyond consumers and competitors into creators and career professionals. After more than 20 years of running a successful celebrity events and experiential

NC A&T holds ‘Moguls in the Making’ student entrepreneurial competition


Five A&T students will present a business plan to compete against other HBCU students. The top prize is $10,000 scholarship and internship with Ally. GREENSBORO, N.C. — A group of North Carolina A&T students is hoping to bring home the gold this weekend. They are taking part in the 2nd annual”Mogul in the Making” competition put on by Ally Financial, the Thurgood Marshall College Fund (TMCF) and entertainer and entrepreneur Big Sean’s foundation, the Sean Anderson Foundation (SAF). Fifty students from 10 different HBCU’s are split up into 10 groups of five. The students will present business plans virtually. The

Capital One partners with local firm, HBCU to invest in entrepreneurs.

Capital One is teaming up with a local VC firm and HBCU to mentor and fund underrepresented entrepreneurs in North Texas. As local startup CEO Mandy Price wrote, if you want to invest in underrepresented communities, “See us, don’t turn away from us, and fund us.” With more companies looking to put dollars behind initiatives to create a more diverse, equitable, and inclusive workplace and society, banking giant Capital One is partnering with Dallas VC firm Impact Ventures and Paul Quinn College to help drive more inclusion and representation in the local tech and startup scene. “Through our commitments, we

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