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Courvoisier Launches Foundation With $1M Commitment To Help Black Businesses Bounce Back From Pandemic Hardships

We’re going to have to get back to passing the Courvoisier Cognac after this one! According to PR Newswire, today (Sept. 15), Courvoisier® Cognac , the most awarded cognac house, announced the launch of its global philanthropic platform Foundation 1828™. Founded by Felix Courvoisier in 1828, Maison Courvoisier became a house that was not only close-knit but served as a community for artisans in the company’s hometown of Jarnac, France. Now, they’re continuing that mission through its platform, which aims to keep the entrepreneurial spirit alive by supporting small business owners and entrepreneurs with the financial and educational resources needed to thrive. “Entrepreneurs come in many different forms, from all walks of life and varying income levels. Courvoisier recognizes the importance of nurturing that drive, passion, and creativity in these individuals around the globe – especially for those who may have the odds stacked against them,” said Jon Potter, Managing Director of...

Sep 15, 2021

PepsiCo, National Urban League Commit $10M To Support 500 Black-Owned Restaurants In The U.S.

PepsiCo and the National Urban League (NUL) are teaming up to provide financial support for Black-owned restaurants. According to a press release, the global food and beverage (F&B) leader has formed a partnership with the NUL to launch their Black Restaurant Accelerator Program, which has pledged to give 500 Black restaurant owners in 12 U.S. cities a total of $10 million over the next five years. Both entities’ support comes about following a tumultuous year for small Black-owned businesses that were impacted by the pandemic. “As the pandemic exposed existing disparities many minority business owners face, we saw a fundamental threat that could erase the decades of progress Black-owned restaurants have made,” C.D. Glin — Vice President, Global Head of Philanthropy at The PepsiCo Foundation — said in a statement. “This investment will help Black restaurateurs not only recover from the pandemic but set them on a path to long-term economic resilience. We are inspired by the progress...

Aug 2, 2021

Courvoisier® Cognac & National Urban League Pledge $1M to Address Needs of Black-Owned Businesses

Courvoisier® Cognac , one of the world’s most-luxurious cognacs — that’s considered a staple in the Black community — has announced a joint partnership with the National Urban League as part of a long-standing commitment to empowering and supporting Black and other underserved communities. In addition to this newly-formed brand partnership, the premium spirits brand has also pledged $1 million to providing lasting support to Black-owned businesses and entrepreneurs over the course of the next five years. To help kick off the partnership, the brand reports that both groups will focus on addressing the critical and immediate needs of Black-owned businesses as a result of COVID-19 through National Urban League’s Urban League Fights for You Virtual Series . “The African American and minority communities are extremely important to Courvoisier, and we believe it is essential for us to support these voices,” said Jon Potter, Managing Director for Courvoisier, in a statement . “We know this...

Nov 4, 2020

National Urban League's State of Black America Examines Equality And Inclusion In Tech

Nearly 90 percent of African American households own a computer according to the National Urban League’s 42nd annual State of Black America report . But in that same report, the data proves that not even 6 percent of total black employment last year was in tech (compared to 8.5 percent of white workers). And only 8.2 percent of degrees earned by black students fell under the STEM fields (compared to 12.8 percent of white students). Clearly, there’s still a disparity between the interest black people have in technology and the number of black people hired to work in tech. The equality gap is especially high in social media and technology companies according to the National Urban League’s Digital Inclusion Index, so much so that fewer than 5 percent of employees at these companies are African American, while at least half of employees in these same companies are white. So although there are still plenty of people without access to technology or the internet at home, that’s not the...

May 15, 2018