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Atlanta Hawks Make Sports Franchise History Through Exclusive Financing Deal With Black-Owned Banks

The Atlanta Hawks is continuing its legacy as one of the boldest, and most audacious, pro-Black professional basketball franchises in all of American sports with its latest achievement. According to USA Today, the NBA team announced this past Thursday that it has agreed to refinance the construction loan for the Emory Sports Medicine Complex with a network of Black-owned banks. “We’re getting a very attractive loan with very attractive terms that we’re proud to have,” said principal owner of the Hawks, Tony Ressler, at a press conference, “and that’s the message that hopefully we can all make quite clear.” Historically speaking, the groundbreaking $35 million loan marks the first time a professional sports franchise has underwritten a significant loan exclusively using Black-owned banks’ credit. “The Hawks are not only the first-in-league with this deal, but are the first in all major league sports,” said ESPN commentator and NFL alumni, Ryan Clark, in a statement. “Banking black is...

Dec 14, 2020

Atlanta Hawks, Ressler Gertz Family Foundation Commit $40M to Black Entrepreneurs & Expanding Atlanta Community

According to the NBA , the Ressler Gertz Family Foundation and the Atlanta Hawks have teamed up to invest $40 million in Atlanta. To commemorate five years of ownership, the Ressler Gertz Family Foundation made a $5 million commitment to support growth for the nation’s largest hub for Black entrepreneurs — The Russell Center for Innovation and Entrepreneurship (RCIE).   View this post on Instagram   The Atlanta Wealth Building Initiative is giving another round of $5,000 to $15,000 grants to combat risks and offer financial stability to small businesses affected by the COVID-19 pandemic. Grants will be awarded to qualifying Black-owned businesses to cover employee salaries, rent, supplier expenses, and technical assistance for up to 3 months. Learn more about the Atlanta Wealth Building Initiative COVID-19 Small Business Relief Fund and apply by November 4th via the link in our bio. A post shared by The Russell Center (RCIE) (@rcieatlanta) on Nov 2, 2020 at 11:42am PST Hawks...

Nov 5, 2020

Skyhawks' Tori Miller Becomes First Woman General Manager in the NBA G League

The College Park Skyhawks and Tori Miller have made history. Last week, the NBA G League affiliate of the Atlanta Hawks announced Miller’s promotion to General Manager. Along with her new title, she also becomes the first woman to hold the position “in the history of the NBA G League.” “It’s pretty simple. My motivation is that I believe in making the impossible possible,” she told the NBA G League in 2019. “I think that mindset creates opportunities.” Just Announced: Tori Miller has been promoted to General Manager of the Skyhawks. Miller’s promotion makes her the first woman to hold the title of General Manager in the history of the @NBAGLeague . Details & More @ATLHawks hires and promotions: — College Park Skyhawks (@CPSkyhawks) July 9, 2020 Prior to her new role, the Decatur, GA native spent time as a Basketball Operations Intern for the Phoenix Suns. When she entered the G League, she began her tenure within the Hawks...

Jul 13, 2020

Atlanta Hawks-Chase Partnership Boosts Economy and Creates New Opportunities for Atlanta Residents

This week, the Atlanta Hawks Basketball team and Chase Bank, of JPMorgan Chase, announced a partnership that will enrich the Atlanta area. The joint venture will provide financial initiatives for Atlanta’s many residents and offer resources for underserved communities. While the financial terms of the sponsorship have not been made available, the benefits to the Atlanta community are invaluable. Chase will partner with local nonprofits to provide community members with financial workshops and panels featuring Hawk legends, as well as offer small businesses opportunities for economic growth. In addition, Chase will stimulate Atlanta’s growing economy over the next three years by adding approximately 30 retail branches in the Atlanta area and generating 150 jobs for residents. Chase card members will receive early-purchase options for Atlanta Hawk games, and the team will prominently present Chase signage in its State Farm Arena. Nearly 500,000 people now reside in the Atlanta area ,...

Jan 22, 2020