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The NAACP has sealed a partnership with Hello Alice, and it’s a pinnacle moment for Black entrepreneurs. In hopes of creating a new future for Black businesses, the civil rights organization will be acquiring an ownership stake in one of the world’s leading platforms to spur development and growth for small Black-owned businesses. “To champion true racial equity, we need to address the long-standing economic inequality that has left Black communities underfunded and undervalued for centuries,” NAACP President & CEO Derrick Johnson said in a press release. “According to the U.S. Small Business Administration, today there are an estimated 2.6 million Black-owned businesses, and this first-of-its-kind partnership is a pivotal step towards putting Black business at the forefront of our economy and as a result, building generational wealth and economic power for Black communities.” Before the NAACP’s investment, they tapped Hello Alice to launch the Black-owned Business Resources to...
Jay-Z and Beyoncé are giving back to Historically Black Colleges and Universities (HBCUs) with their latest scholarship fund. After breaking the internet with their Tiffany & Co. ABOUT LOVE campaign, the power couple has recently announced the ABOUT LOVE scholarship. View this post on Instagram A post shared by BeyGOOD (@beygood) According to a press release, “Tiffany & Co. pledged USD $2M in scholarship funding for students in the arts and creative fields at Historically Black Colleges and Universities (HBCUs).” “This opportunity is timely as our students come from many different socioeconomic backgrounds. These funds will have a tremendous on who we recruit and our students’ success as they move on to graduate and professional schools and into their careers,” said Dr. Jack Thomas, the President of Central State University, in a statement. The scholarship is in partnership with Tiffany & Co., BeyGOOD and the Shawn Carter Foundation. The press release states a $2 million donation...
The Beyoncé Effect is definitely real. From college lectures to pop culture references, The Queen Bee’s effect on the pop culture zeitgeist cannot be denied. But for Yolanda Perkins, the “Black is King” goddess provided her something else: a chance at a real life. She was one of the recipients of the NAACP and BeyGood Impact Award, which allowed her to raise startup funding for Undies by BlendiTone, her children’s underwear line. Perkins got the idea to create the underwear line after a shopping trip with her then-six-year-old daughter. Her daughter remarked that “none of the characters looked like her,” according to BlackNews, which made Perkins want to change that. View this post on Instagram A post shared by Undies by BlendiTone (@undiesbyblenditone) “I see the reaction from my kids when they see faces that actually look like theirs on their underwear, not a Disney character that doesn’t look like them. It’s a sense of empowerment, and I want to give that to Black kids all...
Beyoncé’s nonprofit organization BEYGOOD and the NAACP partnered this summer to launch their ow n Black-Owned Small Business Impact Fund. Now after over 17,000 entrepreneurs have applied for the grant program, one lucky business has announced themselves as one of the recipients. In an announcement via Instagram, The Gift — a natural health and wellness company that was founded in 2018 — received a grant value of $10,000 from BEYGOOD and the NAACP’s joint venture. The wellness company shared the news in an Instagram Post where they explained how the generous grant will help them grow and expand their business. View this post on Instagram A post shared by The Gift (@completelygifted) “We are so humbled and grateful to be selected out of 17,000 applicants for a grant from the Queen Bee herself, Beyoncé and BeyGOOD in partnership with the NAACP!” the post stated. “The grant is helping us re-launch our new sustainable packaging, launch a new website, and our education platform...
The first Black-owned vegan restaurant is now open in Harrisburg, PA, according to VegNews . Co-owned by Laquana Barber and Stefan Hawkins, House of Vegans was inspired by three main things: the lack of food options in their area, Barber’s health issues, and Hawkins inside look at the meat industry during his time as a McDonald’s employee. “American culture views that every meal has to have meat with it when it does not,” Hawkins told The Burg News . “Since I’ve been vegan, it’s been the best part of my life.” Dubbed the Home of Thee Slaps, the vegan eatery opened in July 2020 as some other small Black-owned businesses struggled financially due to the pandemic. The menu features mostly Black American cuisine, including soul food, burgers, macaroni and cheese made with jackfruit, mushrooms, among other healthy fixings. View this post on Instagram A post shared by House Of Vegans CFC (@house_of_vegans_) “I always had the mindset that it’s vegan food, and it would be bland,” said Yodit...
Serena Williams has committed to assisting Black-owned businesses , NewsOne reports . In a joint effort with the Opportunity Fund, the Olympic athlete will donate 100 percent of proceeds from her jewelry line’s UNSTOPPABLE capsule collection to Opportunity Fund’s Small Business Relief Fund . “I am so excited about the @serenawilliamsjewelry UNSTOPPABLE capsule collection,” she announced on Instagram. “It represents serenity and unity, and is a reminder that your optimism and strength are unstoppable ❤️ Now through August 5th, we’re donating all net proceeds from the Unstoppable Collection to the Opportunity Fund’s Small Business Relief Fund to provide support directly to Black small-business owners.” View this post on Instagram A post shared by Serena Williams (@serenawilliams) The UNSTOPPABLE collection includes a sterling silver necklace and bracelet. Both feature a diamond and signature S logo for a polished, sophisticated look. “No matter how much good we do there is always so...