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Plans To Construct New York's First Skyscraper Led By A Majority Black-Led Team Are Officially Underway

Although Black people accounted for a large portion of the New York population, according to the United Census Bureau, for far too long, they have been left out of the ins and outs of a place rooted in our culture. It’s no secret that the Big Apple is known for its skyscrapers. Yet, not a single one that makes up the renowned New York City skyline has been constructed with a majority Black team — that is, until now. EBONY reports that for the first time ever, real estate developers have plans in motion to build the city’s first skyscraper with a majority Black-led team. “This is an opportunity to really create a paradigm shift and to start to build a Black economy that Black companies actually participate in and flourish,” said Craig Livingston, managing partner at Exact Capital. “On our side, as owners of a project, we can decide to spend a billion dollars with Black and Brown companies and for the economics to be shared and to be dissipated throughout specific communities.”

Shanique Yates

Mar 17, 2022

Kevin Durant Inks Deal With Blockchain Platform Dapper Labs, Becomes The First Player To Back NBA Top Shot

Kevin Durant has been making business moves all year round, and his latest venture marks a new milestone. According to Adweek, Durant and his manager Rich Kleiman recently inked a two-year partnership with blockchain platform Dapper Labs’ NBA Top Shot. Their multimedia platform Boardroom will feature Dapper Labs’ NFT marketplace for NBA Top Shot — making Durant the first player to back NBA Top Shot. As previously reported by AfroTech, Boardroom — which relaunched in 2021 — is backed by Kevin Durant and Kleiman’s investment firm Thirty Five Ventures. The platform’s coverage for NBA Top Shot will include news and feature stories, giveaways, spotlights around key moments, fan-to-fan trading and behind-the-scenes video content, Adweek reports. “Through NBA Top Shot, Dapper Labs has proven that they can provide not just value but community with basketball fans, and they were able to build trust with fans very early on in the crypto space,” Durant said in a statement to Adweek. “Still,...

Ngozi Nwanji

Oct 13, 2021

Brooklyn Nets Owners Are Using 'Character' Instead Of Credit Scores For $2.5M Black Business Loan Program

Brooklyn Nets owners Joe Tsai and Clara Wu Tsai are trying something ground-breaking that’ll change the game for Black business-owners looking for financial assistance. According to CNBC, as part of their $50 million commitment to help minority communities, the sports owners have launched “EXCELerate,” a $2.5 million Black business loan program to help those affected by the COVID-19 pandemic. Funds for the program will come from the Tsai foundation’s Social Justice Fund — which was started last year to help resolve economic inequities in Black communities. “We know that there is no social justice without economic opportunity,” Tsai said in a statement, “which is why we are so excited to launch the Brooklyn EXCELerate Loan Program aimed at elevating Brooklyn’s BIPOC [Black, indigenous, and other people of color] business owners post-pandemic and doing our small part to overcome barriers this community faces in accessing capital.” What’s unique about the program is that instead of...

Njera Perkins

Jun 28, 2021

James Harden Is The Newest Board Member Of Luxury E-Commerce Company, Saks

NBA star James Harden is taking his business and investor expertise to Saks’ luxury platform. The high-end e-commerce company has appointed the Brooklyn Nets player to its board to share his unique perspective as a fashion enthusiast in an effort to help expand its high-potential consumer brands. “I am honored to join the Saks board and to be a part of a company that is paving the future of luxury retail. This is an exciting opportunity for me to combine two of my personal passions – a love of fashion and teaming up with brands that have the potential to lead while making an impact on the communities they serve,” Harden said in a statement. “I look forward to working with the Saks team, and to having a direct impact on the company’s future success, the fashion community and its customers.” A press release reports that Harden’s appointment comes as the latest milestone for Saks’ strategy to become the premier luxury e-commerce platform in the fashion industry. With a proven track...

Njera Perkins

Jun 14, 2021

Nine HBCU Seniors Don't Have to Worry About Tuition Thanks to NBA Star Kyrie Irving

Nine Lincoln University students are graduating without debt thanks to one NBA superstar. Kyrie Irving, point guard for the Brooklyn Nets took the giving spirit to the next level last month when he paid the tuition of nine graduating HBCU students through his organization, KAI Family Foundation, according to Black Enterprise. The gift was a part of the foundation’s 11 Days of Giving in December with the No. 11 representing Irving’s jersey number for the Brooklyn Nets. For Lincoln University, the gift came just on the heels of another generous gift from philanthropist and author, MacKenzie Scott, who gave $20 million to the university along with several donations to other HBCUs across the country. Located in Chester County, Pennsylvania, Lincoln University was founded in 1854 and is credited as the first HBCU to ever grant degrees, Black Enterprise reports. This isn’t the first time that Irving has been generous with his blessings. During the summer, Irving committed $1.5 million to...

Shanique Yates

Jan 6, 2021