50% Of Women Of Color In The US Make Less Than $15 An Hour: Report
By Cherranda Smith, Black Information Network A new report released by Oxfam America on Tuesday (March 22) exposes the alarming pay disparities across race and gender in the United States. The report used data from the Census Bureau's American Community Survey and Current Population Survey and found that more than 50 million workers across the country are making less than $15 an hour –– and a "staggering" amount of those workers are Black women and other women of color. The data shows that 47% of Black workers make less than $15 an hour, compared to 26%
LISC’s Black Economic Development Fund invests $122 million to support growth of Black-owned banks, businesses
The Local Initiatives Support Corporation (LISC) announced today that its Black Economic Development Fund (BEDF) has committed nearly half its capital, having closed on $122 million in investments for Black-owned banks and businesses throughout the country. The $250 million fund includes investments from Netflix, Paypal, Square, HubSpot, Aflac, Costco, Dicks Sporting Goods, ThermoFisher Scientific, Wayfair, McKinsey & Company, and Dupont. It aligns with LISC's larger Project 10X strategy to break down systemic racial barriers, including $1 billion in investments that support small businesses, community nonprofits, mission-driven lenders, anchor institutions and innovative urban and rural initiatives. "Over the last two years,
16-Year-Old Becomes Youngest Black Beauty Supply Store Owner
By Cherranda Smith, Black Information Network Paris Mckenzie, a NYC-based 16-year-old, is making history in the hair and beauty industry, becoming the youngest Black owner of a beauty supply store. And she's just getting started. Mckenzie opened Paris Beauty Supplyz in the summer of 2020 after a space next to her mother's salon opened up. The young entrepreneur used her savings to lease the space and has since launched a salon of her own, La Eiffel Beauty Bar in Brooklyn.According to a news release, Paris is no stranger to hair and beauty, after spending plenty
POLO RALPH LAUREN INTRODUCES NEW COLLECTION THAT BUILDS UPON ITS HISTORIC PARTNERSHIP WITH MOREHOUSE AND SPELMAN COLLEGES
Ralph Lauren expanded its partnership with Morehouse College and Spelman College, unveiling a limited-edition collection inspired by the schools’ rich heritage and esteemed traditions. The Polo Ralph Lauren Exclusively for Morehouse and Spelman Colleges Collection is a first-of-its kind collaboration for the Company.The collection seeks to honor the history of both schools and widen the aperture of Ralph Lauren’s storytelling — including the nature of life at historically Black colleges and universities (HBCUs), a story untold in depictions of Ralph Lauren’s collegiate sensibility until today.“This collection expresses
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
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
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
Dr. William F. Pickard and Cincinnati Business Leader Judson Pickard Receive Morehouse Honors
Morehouse College President, David A. Thomas presents Judson Pickard (left) and Dr. William F. Pickard (right) with Candle in the Dark Awards as actor Clifton Powell, Morehouse students look on. Photo Credit Alex JonesIn a city renowned for an elevated standard of living for Black Americans and celebrating the accomplishments of African American professionals, few events can rival Morehouse College’s Candle in the Dark scholarship benefit and gala. Fresh off the heels of a raging pandemic, The Candle in the Dark Gala took center stage, throwing open the
Pamela Culpepper Becomes First Black Woman To Sit On Prada’s Board
For the first time in its 100-year history, Prada has a Black woman seated among its Board members. This month, the iconic fashion house's parent company tapped two new Independent Non-Executive Directors, Pamela Culpepper and Anna Maria Rugarli with Culpepper, becoming the first Black woman to be named to the brand's board. Culpepper is coming to the brand with over 25 years in corporate human resources, diversity, inclusion, and more at some of the world's biggest companies. According to Essence, her experience in these areas will help move the brand forward in its people, environment and culture