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Jay-Z's Roc Nation Announces Support Of PASS Bill To Offer Philadelphia Students From Low-Income Homes Access To Private Schools

Jay-Z’s Roc Nation has announced its support of an initiative focused on students in Philadelphia, PA. The full-service entertainment company is backing the Pennsylvania Award for Student Success (PASS) in its goal to provide scholarships, according to Fox-29. The educational campaign is said to offer students from low-income households and underperforming schools access to private schools. “PASS — which is also known as Senate Bill 757 — is legislation aimed at increasing education opportunities for underprivileged youth attending the state’s lowest performing public schools,” a press release detailed, per Fox-29. The outlet notes that Roc Nation has spearheaded “Dine and Learn,” an event series to educate students and parents in Philadelphia about PASS. “We have enjoyed such a special connection with Philadelphians, so we’ve made it our mission to invest in the long-term success of the city’s changemakers,” Dania Diaz, managing director of philanthropy at Roc Nation, said. Amid...

Jun 13, 2024

Jay-Z's Venture Capital Firm Is Reportedly In Talks Of A Merger That Would Result In $1B In Combined Assets

Major changes may be on the way for Jay-Z’s Marcy Venture Partners. The rapper’s venture capital firm, established in 2018, was created to build “innovative businesses and mass-market brands,” its company website mentions. Its areas of investment focus on sustainability, inclusivity, empowerment, accessibility, and health and wellness. As AFROTECH™ previously mentioned, its investment portfolio includes at least 24 companies such as Wheels, an electric transportation company; Hungry Marketplace, a food tech company; and Rihanna’s Savage X Fenty lingerie brand. MVC also participated in a $33 million funding round for premier beauty brand Madison Reed in 2022 and backed 24-year-old technologist Iddris Sandu to embolden his tech incubator, Spatial Labs. “Aligning with Marcy Venture Partners assists with our vision for elevating the youth as it relates to access and a means to true technological empowerment,” Sandu said at the time. “The lasting impact of this relationship is not simply...

May 9, 2024

How Jay-Z’s And 50 Cent’s Reebok Reign Led Its Footwear Sales To Jump By A Reported 11% In 2003

Jay-Z is known for breaking barriers in music. However, his secret to reaching billionaire status has been his ability to succeed in areas beyond the billboard charts. Among his various ventures, he reminds the world that the shoe brand Reebok is one of the successes documented in his portfolio. According to Finurah, Jay-Z signed a sneaker deal with Reebok in 2002. In 2003, the rapper became the first non-athlete to sign an endorsement deal with the shoe and apparel company, per ABC News. At the time, record executive Steve Stoute was working with Reebok and convinced Jay-Z to accept the deal; the rapper signed on as a 50/50 partner with the brand. “Jay-Z’s not the ambassador of anything except himself. He was a partner. He was a 50/50 partner,” Stoute said in an interview on “Club Shay Shay.” The first collaboration to result from the partnership was the “S. Carter Collection,” which had a better debut than any of its previous shoes, surpassing the sales of Allen Iverson’s shoe...

Mar 15, 2024

Nas, Resorts World NYC Unveil A $5B Proposal He Says Could Give 'New Opportunities To The Hard-Working Families' In His Hometown Of Queens

Nas is spearheading a plan to change the landscape of New York City. The music icon has partnered with Resorts World Casino New York City and its parent company, Genting America East, to revitalize his beloved Queens neighborhood. As reported by Commercial Observer, Genting America East executives, including the artist, shared plans for a $5 billion redevelopment endeavor to transform the Resorts World establishment into a “Las Vegas-style casino.” The blueprint for the project includes amenities such as 30 new opportunities for food and beverage vendors, a 7,000-seat performance space, and 1,600 new hotel rooms inside the existing Hyatt Regency at John F. Kennedy International Airport. Genting America East also proposed a 350,000-square-foot extension of the Resorts World casino floor. If approved, the move would position the casino as the largest gambling establishment globally, per the outlet. Beyond revenue-generating additions, the proposal includes housing units that could...

Mar 1, 2024

New York Proposes A Bill That Would Create 'Jay-Z Day' To Celebrate His Feats, Which Include Being An 'Innovative Entrepreneur’

Shawn “Jay-Z” Carter could soon have an official holiday in his home state of New York.

Dec 28, 2023

Why Jay-Z Didn’t Lend His Cousin $4,800 For A Business — ‘Money Isn’t Free’

Despite being a billionaire, Jay-Z isn’t generously sharing his wealth with everyone.

Nov 15, 2023

JAY-Z Reveals His Take On The '$500K Versus A Dinner With Him' Debate —'I Wouldn't Tell You To Cut A Bad Deal'

Jay-Z has chimed in on the commonly debated subject of whether fans should take $500,000 over the opportunity to dine with him.

Oct 23, 2023

Jay-Z And Jack Dorsey's Btrust Acquires African Bitcoin Firm Qala

It looks like Jack Dorsey and Jay-Z are keeping their word on the endowment fund Btrust’s mission.

Sep 5, 2023

The Jay-Z Effect Sparks Surge In 14,000 New Brooklyn Public Library Memberships With Limited-Edition Library Cards

The celebration of the life and lasting contributions of Jay-Z is the cause of a new surge at the Brooklyn Public Library.

Aug 16, 2023

Is Jay-Z Gathering Investors To Purchase Tottenham Hotspur, The Football Club Reportedly Valued At $2.8B?

Jay-Z could be looking to take ownership of Tottenham Hotspur F.C., reports say.

Jul 31, 2023

Black-Owned Web3 Design Agency Tapped To Bring Immersive Technology To 'The Book Of HOV' Exhibition

Jay-Z’s influence on the Hip-Hop is undeniable and now, it’s landed him in an exhibit.  

Jul 31, 2023

Jay-Z Dining At Black-Owned Restaurant Leads To Boost After Being 'Up And Down' For 11 Months

A Chicago, IL, soul food restaurant saw a boost in customers after receiving a visit from Jay-Z.

Jul 27, 2023

New York Court Upholds Verdict That Jay-Z Is Owed $6.8M From Fragrance Company Parlux

Jay-Z has one less problem on his radar. The rapper is still set to receive a major payday that will allow him to pocket $6.8 million.

Jun 2, 2023