The BasBlue Foundation: A Multimillion Dollar Investment in Detroit Women
BasBlue, a nonprofit space dedicated to creating pathways and opportunities for women, opened its doors in October 2021. Today, it is a community of nearly 700 women, 60% of whom live in the City of Detroit. Now, BasBlue is launching its next chapter: The BasBlue Foundation. The Foundation’s initial goal is to raise $2 million before the end of 2023 to support fellowships and opportunities that empower women and girls by providing tools and resources to support their education, careers and increase their access to capital. Thanks to
BYRON ALLEN’S ALLEN MEDIA GROUP ACQUIRES BLACK NEWS CHANNEL
United States Bankruptcy Court Approves $11 Million Sale of 'Black News Channel' Assets to Allen Media Group Byron Allen's Allen Media Group (AMG) is proud to announce that the Northern District of Florida, Tallahassee Division of the United States Bankruptcy Court, (Case No. 4:22-bk-40087-KKS) issued an order approving the sale of "substantially all of" Black News Channel (BNC) "assets free and clear of all liens, claims, encumbrances and interests" to AMG's networks division. AMG is acquiring BNC out of bankruptcy for $11 million from billionaire Shahid Khan, owner of the NFL's Jacksonville Jaguars franchise. Khan invested over $100 million into BNC. AMG's acquisition of BNC will add 300 million linear and digital
Former Secretary of State Condoleezza Rice Becomes Minority NFL Owner
Courtesy of Black Information Network The nation's first African American female Secretary of State is joining the Denver Broncos as a minority owner of the team, CBS Sports reports. On Monday (July 11), the Broncos announced the addition of Condoleezza Rice to its ownership group. Rice joins the ranks of Mellody Hobson, who became the first Black female NFL owner with her addition to the Broncos last month. "A highly respected public servant, accomplished academic, and corporate leader, Secretary Rice is well known as a passionate and knowledgeable football fan who has worked to make the sport stronger and
Inflation Nation: The Wealth Gap Isn’t a Game for Black America
By Hiram Jackson Fresh off of the Juneteenth and the Fourth of July independence celebrations, most Americans are getting back to business and addressing the sometimes arduous challenges of everyday life. In particular, financial challenges are a fact that is becoming more difficult and even taxing for many Americans, particularly Black Americans. Historically, Blacks have suffered severe economic and wealth disparities coupled with the educational and social inequities that have been an ongoing reality for centuries in our daily living. True, these issues were exacerbated by the pandemic, but even before the pandemic, we were
Sandra Douglass Morgan Hired As First Black Female NFL Team President
Sandra Douglass Morgan made NFL history on Thursday (July 7) after the Las Vegas Raiders hired her to serve as the team's president. She's now the first Black woman to have that position, according to CNN. When asked what the important moment means to Morgan, she says she wants to continue breaking barriers in the league. "I have been the first in other positions that I've held whether it be city attorney or Gaming Control board," Morgan said during a news conference at Allegiant Stadium in Las Vegas. "I definitely never want to be
Amazon Air Delivery Could Be Moneymaker for Black Drone Pilots in California
By Edward Henderson, California Black Media For Black drone pilots, e-commerce package delivery going aerial could present new earning or business opportunities for them. Last week, Amazon announced that its customers in Lockeford, a town of about 3,500 people in San Joaquin County, will become among the first to receive Prime Air deliveries via drone. The tech company, the world’s largest e-retailer, chose Lockeford because of its historic links to the aviation industry. “Lockeford residents will soon have access to one of the world’s leading delivery innovations,” said Assemblymember Heath Flora (R-Ripon), whose
Techtown Catalyst Program Builds Investors For Founders of Color, Women
It is a long established fact that the venture capital industry is continuing to struggle with racial diversity. Women and businesses owned by people of color are far behind in accessing capital to fund their startups and small businesses. TechTown Detroit is taking the lead through its Catalyst Angel Program to train accredited investors, including successful founders, executives and high-net-worth individuals, on how to become angel investors. The drive to increase the number of Black, Latinx and women investors correlates directly with the broader rise in the
Two Senior Black Executives Leave Amazon Amid Leadership Shakeup
Courtesy of Black Information Network Black executives at Amazon are few and far between, and now two of them have decided to part ways with the company. According to CNBC, Amazon is losing Black executives Alicia Boler-Davis, who was the head of warehouses and a member of the company's leadership team, and David Bozeman, head of transportation. Their departure follows Amazon recently announcing that the CEO of Worldwide Consumer Dave Clark had also chosen to leave the company. Boler-Davis and Bozeman "have decided to explore new opportunities outside Amazon," according to an email obtained by CNBC. On Tuesday (June
Fiber Industries Hires its First Chief Sustainability Officer
Fiber Industries, a leading US fiber manufacturer known for cutting-edge and innovative market leading solutions for the fabric, garment, and fashion industry announced today that George Bandy, Jr. has joined the organization as its Chief Sustainability Officer. Bandy has more than 25 years of experience in the sustainability field. His expertise will help Fiber Industries reach its short-term and long-term sustainability goals. “George is a seasoned sustainability leader who will bring a wealth of knowledge and valuable industry relationships to Fiber Industries,” said Don Bockoven, CEO of Fiber Industries. “Our company
Financial Literacy Meets Technology
In the age of technology, users are used to gaining assistance at the click of a button. Apps are ever-evolving and provide the ability to access information in an instant. Merging money management with technology, developers are building apps to provide financial assistance without the hassle of in-person meetings. Access to financial assistance is a major stumbling block for African Americans. With implicit biases in banking and barriers created by systemic racism and discrimination, the ability to receive financial assistance and opportunities dwindles for Black consumers. However, African