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Increasing computer science enrollment for Black, Indigenous, People of Color (BIPOC) students has to start with building community, and nonprofit ColorStack recognizes that. The National Center for Education Statistics reported that of the 79,598 computer science degrees awarded in 2018, only 8.9 percent of them went to Black students, and more than 50 percent went to white students. The lack of diversity bleeds into the tech workforce as well. Less than 10 percent of Google’s national workforce identifies as Black or Latinx, while nearly half of Apple’s global team is white professionals. These statistics are stark. That’s why Jehron Petty launched ColorStack, a nonprofit that runs community building, academic support, and career development programs for Black and Latinx college computer science students across the U.S. ColorStack runs a three-week virtual career-building boot camp, hosts a 12-week computer science program, puts on a three-day computer science summit, and manages...
The global neobanking market is expected to reach an estimated $723 billion by 2028, according to Grand View Research. As more people handle their finances online, the neobanking industry has been getting a lot of love, but what are neobanks anyway? Neobanks are digital-only financial institutions that operate similarly to traditional banks, but without physical branches, The Balance explains. You typically access neobanks through mobile applications and online platforms. While neobanking can be convenient, have lower costs and are more easily accessible, they don’t have the same accreditation as traditional banks and are regulated much less. Above all, neobanking requires access to technology and internet, a luxury that not everyone has. Another thing to think about with neobanking is that even with access to technology and internet, consumers have to be comfortable and trust tech in order to invest in using online-only banking systems. Some neobanks like N26, Atom Bank and Monzo...
Owning a McDonald’s franchise may become an increasingly uphill battle for Blacks in America, according to Business Insider . A recent series of reports highlights the ownership and income disparities for Black operators of McDonald’s franchises. Business Insider examines data obtained from the National Black McDonald’s Operators Association, which has existed for over 50 years to support Black McDonald’s company owners in their business efforts. Statistics show that in 2012, Black franchises earned $319K compared to the $344K earnings of fellow franchises. By 2017, that gap had widened to $312K versus $372K. Black franchises earned $60K less than other franchises operating within the five years outlined, and Blacks have owned fewer franchises in general. The past decade has seen a 100-store drop for Black company owners. These figures are alarming, considering that there are less than 2,000 McDonald’s franchises overall . NBMOA data and Business Insider interviews of Black...
Since I was a teenager, I always dreamed of working on the cutting edge of technology. I wanted an exciting career path that would allow me to explore the world’s fastest-growing industry and grow as a professional. Luckily, I found that and more at HPE. My career with Hewlett Packard Enterprise started in May 2012 at age 18. I just finished my freshman year of college at Prairie View A&M University, a Historically Black College, located 45 minutes outside of Houston, TX. I attended a conference for NSBE (National Society of Black Engineers) and landed my first technical internship as a Consumer Notebook Test Intern. As a young minority, working for one of the world’s largest technology vendors was initially intimidating. I was the youngest person on a team of middle-aged, seasoned professionals. In addition, I was the only person in my family who worked in corporate America, let alone the IT field. With this in the back of my mind, I wondered how I would be perceived by my team and...