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Can A New Rule Change By The Small Business Administration Give Formerly Incarcerated Citizens A Chance At Entrepreneurship?

Vice President Kamala Harris has unveiled significant changes to entrepreneurship pathways for formerly incarcerated individuals.

Jan 31, 2024

Vice President Kamala Harris Aims To Expand Access To Capital And Contracting Opportunities For Underserved Businesses

Vice President Kamala Harris has announced a new effort that aims to financially empower Black Americans.

Oct 27, 2023

President Biden To Appoint Actress Taraji P. Henson And NBA Player Chris Paul To HBCU Advisory Board

Supporting Historically Black Colleges and Universities (HBCUs) appears to be a unified effort. Joe Biden is set to appoint “qualified and diverse” leaders in education, sports, and more to the President’s Board of Advisors on Historically Black Colleges and Universities. The responsibilities of the board members will be to “increase the capacity of HBCUs to provide the highest-quality education to its students and continue serving as engines of opportunity,” according to the press release from the White House. Actress Taraji P. Henson and NBA All-Star Chris Paul are expected to be on the board. They will be joined by Makola M. Abdullah, Javaune Adams-Gaston, Paige Blake, Thasunda Brown Duckett, Willie A. Deese, Patrick Cokley, Monica Goldson, William F. L. Moses, and more. The new additions come after President Biden named Dr. Tony Allen as chair and Dr. Glenda Glover as Vice Chair of the President’s Board of Advisors on HBCUs in 2021. Dr. Dietra Trent was also named executive...

Apr 1, 2022

DJ D-Nice, LVMH To Celebrate Two-Year Anniversary Of Club Quarantine With A Donation To Black Girl Ventures

You may know Derrick Jones — or DJ D-Nice — for coming up with the concept for Club Quarantine during the height of the pandemic to help people stay connected. He dedicated his time and talents to host Club Quarantine daily on Instagram Live. Now, he will be joining forces with Moët Hennessy Louis Vuitton (LVMH) to celebrate Club Quarantine’s second anniversary, which will kick off with a three-day celebration set to begin today. “It’s not necessarily about the music. It’s a way for people to stay connected to friends and their families because we could not see each other,” D-Nice said exclusively to AfroTech. He continued: “We found ways to dance virtually which was very important because I firmly believe had it not been for these virtual spaces of dancing and listening to music, or just being able to communicate with one another using Instagram or Zoom, the depression and suicide rate would have been higher. Thank goodness for music and entertainment during this dark time.” Not...

Mar 17, 2022

How Self-Made Madame Vice President Kamala Harris Earned Her Fortune

Kamala Harris is a boundary-breaking, history-making Madame Vice President. And she’s worth a small fortune. Much ado was made about the fact that she was one of the wealthiest presidential candidates on the Democratic ballot. Fortune Magazine, in fact, pointed out that now-President Joe Biden’s $2.7 million net worth was certainly respectable, but it paled in comparison to the nearly $7 million net worth that his running mate had. “Harris’s net worth is as much as $6.3 million, based on the assets listed in her latest Senate financial disclosure, filed in May. That makes her wealthier by some measures than even her presidential running mate: Biden’s assets, according to his 2018 tax return, amounted to as much as $2.7 million,” reported the outlet. Sure, much ado can be made about the fact that she’s so wealthy. But even more ado should be made about the fact that Kamala Harris is completely self-made. She didn’t come from generational wealth — all of her earnings, and all of her...

Hennessy Honors Madam Vice President Kamala Harris in Limited Editon Cocktail Set

Hennessy is celebrating our new Madam Vice President the right way! The world’s best-selling Cognac has announced its new limited edition Hennessy X.O 49 Commemorative Cocktail Set to celebrate the journey and accomplishments of the first Black and South Asian American Madam Vice President of the U.S., Kamala Harris. After originally being created for the personal enjoyments of friends and family, Hennessy X.O is the original Extra Old Cognac which established the category in 1870. “We are honored to pay tribute to the historic advancements of the first Black and South Asian American Madam Vice President, as well as to all those who are pushing the limits of potential and in doing so, are inspiring others,” said Senior Vice President of Hennessy US, Jasmin Allen, in a press statement. Not only is Harris breaking barriers as the nation’s first Black and South Asian American Madam Vice President, but she is also making history as the first graduate of an HBCU to hold one of the...

Feb 1, 2021

Democratic Senators Introduce New Bill to Permanently Support Black-Owned Businesses

Democratic senators have up the ante on COVID-19 relief support for businesses owned by people of color. Recently Capitol Hill representatives introduced new legislation aimed at investing in Black-owned businesses. According to the U.S. Senate Committee on Small Business and Entrepreneurship, Senate Democratic Leader Chuck Schumer (D-N.Y.), Sen. Cory Booker (D-N.J.), Sen. Kamala D. Harris (D-Calif.), Catherine Cortez Masto (D-Nev.), Ben Cardin (D-Md.), and U.S. Senate Committee on Commerce, Science, and Transportation Ranking Member Maria Cantwell (D-Wash.) proposed the Minority Business Resiliency Act, a multi-step bill centered around the improvement of the Minority Business Development Agency (MBDA). The bill involves officially making the agency permanent, expanding its grant-making authority, introducing new regional offices, and broadening its networking reach with fellow federal agencies. Currently, the MBDA supports businesses owned by people of color in all industries;...

Jul 16, 2020

Rep. Ayanna Pressley Fights for Fair Allocation of PPP Funds to Black-Owned Businesses

Last week the government’s Payment Protection Program (PPP) came under fire after major corporations received millions in COVID-19 relief while small businesses were denied any federal aid. Now, Black government officials are calling for more to be done in the area of small Black-owned businesses receiving financial help just as the major corporations have. Black Enterprise reports that Rep. Ayanna Pressley of Massachusetts and members of the Congressional Black Caucus are calling for the Treasury Department to compile racial data in regards to which businesses and corporations are receiving PPP funds. Rep. Ayanna Pressley believes racial data is needed to make sure the $349 billion issued by the government via the CARES Act is being allocated fairly. “I’m pushing for that racial data collection when it comes to who the lenders are lending to. That which gets measured gets done,” Pressley told Basic Black . “And so having that data and that transparency in real-time will allow us to...

Apr 28, 2020

Kamala Harris Vows To Hold Social Media Companies 'Accountable For The Hate Infiltrating Their Platforms'

Social media platforms have struggled with online hate for years. Post-Christchurch, the collective scramble to remove the video across platforms — along with the original live stream on Facebook — helped highlight how deep the problem is. Since then, online hate has become an increasingly popular conversation for politicians. Recently, Sen. Kamala Harris (D-CA) — a 2020 presidential contender– spoke at the Fight for Freedom Fund Dinner at the Detroit NAACP where she made her own promises. “We will hold social media platforms accountable for the hate infiltrating their platforms because they have a responsibility to help fight against this threat to our democracy,” Harris said. In her speech, Harris also noted that it’s time to have a president who is “not afraid to call Neo-Nazi violence what it is: domestic terrorism.” She then went on to highlight recent attacks against racial and religious minorities, including the Charleston church shooting, a mosque bombing in Minneapolis, and...

May 7, 2019