Seven Black-Owned Banks To Award $25M Grant To Major League Soccer
By Cherranda Smith, Black Information Network A group of seven Black-owned banks is partnering with the Major League Soccer on a $25 million grant seeking to close the racial wealth gap in the US.The historic deal between the MLS and the National Black Bank Foundation (NBBF) was announced Thursday (March 10) and marks the first time ever that a sports league has conducted a commercial financial transaction exclusively with Black financial institutions. "Major League Soccer's partnership with the National Black Bank Foundation is a tangible step in the efforts to close the racial economic gap in the
Divinely Ordered To Empower Communities: Meet Alice G. Thompson CEO, Black Family Development, Inc.
By Donald James Prayer and unwavering faith in God, according to Alice G. Thompson, CEO of Black Family Development, Inc. (BFDI), are essential to her leadership role with Detroit-based BFDI. Established in 1978 by the Detroit Chapter of the National Association of Black Social Workers, the mission of BFDI is “To strengthen and enhance the lives of children, youth, and families through partnerships that support safe, nurturing, vibrant homes, schools and communities.” Thompson has served as BFDI’s top executive since 1994. She said her steps to BFDI were divinely
First-of-its-kind Partnership Aims to Increase Number of School Principals of Color
In an effort to dramatically boost the number of principals of color leading K-12 schools across the country, national nonprofit New Leaders is forming a first-of-its-kind partnership with distinguished historically Black institutions Morehouse College and Clark Atlanta University to launch the Aspiring Principals Fellowship. The Fellowship is an online principal certification and master’s degree program designed to train the next generation of equity-focused school leaders who better reflect the students they serve. Half of all students in K-12 public schools identify as people of color, while only 1
Digital Privacy: Is data ownership the next frontier?
As internet usage has become a routine activity, so has the mining, analyzing and monetizing of personal information – much of it done without the individuals’ knowledge. According to a Gallup poll, two-thirds of employees in white-collar jobs work from home at least part of the time, meaning there is more activity and personal data in cyberspace than at any other time in history. Unsurprisingly, the cybersecurity industry has exploded. ResearchAndMarkets.com valued the global cybersecurity market at $183.34 billion in 2020 and predicts it will reach $539.78 billion
WATCH: From TMZ Producer To Cookie Maker To The Stars
Although the pandemic created many hurdles economically for all segments of the population, Black Americans were hit particularly hard. But many entrepreneurs have used the adversity to create the job or career of their dreams. We spoke with Andrus Washington, the CEO of Box Office Cookies, who turned his passion into a profession and profit. https://youtu.be/RfEx3-FNiqo
Black Female WWII Military Unit Honored By Congress
Here's yet another history lesson they didn't teach in school, and it's right in time for the end of Black History Month and the start of Women's Month. On Monday (February 28) the US House of Representatives voted 422-0 to award the only all-Black, all-female military unit that served in Europe during World War II the Congressional Gold Medal. The 6888th Central Postal Battalion is credited with solving an urgent mail crisis in England when they arrived in Europe. The 855-membered group has for decades gone without proper recognition, but in recent years that has changed. In
When is it Their Turn? Black Women and the Ever-Widening Pay Gap
By Sherri Kolade Black women who want to earn just as much as White men would have to work about an extra seven months to catch up to them to make the same pay in America. According to the U.S. Census, typically, Black women were paid 63 percent of what non-Hispanic white men were paid in 2019. A typical working Black woman in 19 months is then paid what the average White man makes in just one year. According to the American Association of University Women (AAUW), an equity-based organization,
Atlanta Airport’s Tangela Parker Makes Marketing Moves
Tangela Parker is the Director of Marketing and Brand Services for the busiest airport in the world, Hartsfield-Jackson Atlanta International. She is responsible for marketing/brand strategy, creative services, advertising programming, and social media engagement. Additionally, Parker’s team oversees parking services and the concessions program. Prior to her role at Hartsfield-Jackson Atlanta International Airport, Tangela spent 22 years in various leadership positions in the healthcare industry. Most recently she was the Sr. Director of Member Experience for WellCare Health Plans, Inc. In this role she had oversight over the
Black Press Salutes President Biden’s Supreme Court Nominee Judge Ketanji Brown Jackson
Three times the Senate has confirmed Judge Ketanji Brown Jackson – twice unanimously. Now, an evenly divided Senate will face the task of confirming Judge Jackson to the highest court in America and, in the process, make her the first Black woman to serve on the U.S. Supreme Court. On Friday, February 25, President Joe Biden made Judge Jackson his choice to succeed Justice Stephen Breyer, who announced his retirement in January. “It’s because of Judge Brown Jackson’s experience in roles at all levels of the justice system, her character,
Why Black Health is Wealth: Financial Experts Talk Black Retirement
By Megan Kirk The ever-growing racial wealth gap leaves little room for savings. As African Americans earn roughly 30 percent less than their white counterparts, putting away money for a rainy day can prove to be difficult. As African Americans age, financial stability becomes a major concern. Planning for the golden years is essential to survival of older generations, yet African Americans are falling behind. According to a 2021 study from Investopedia, more than half of African American households have no retirement savings at all. On average, white Americans