In a bid to promote equity in Black neighborhoods, JPMorgan Chase has awarded the Atlanta Wealth Building Initiative and the Center for Community Progress a $1.7 million grant, according to a new press release shared with BLACK ENTERPRISE.
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In a bid to promote equity in Black neighborhoods, JPMorgan Chase has awarded the Atlanta Wealth Building Initiative and the Center for Community Progress a $1.7 million grant, according to a new press release shared with BLACK ENTERPRISE.
Entrepreneurs are people who establish new businesses by developing and implementing unique ideas. They take risks to create and manage profitable businesses by utilizing limited resources. Entrepreneurship typically starts with an idea or concept for a product or service that motivates an individual to transform that idea into a profitable business.
However, many businesses fail during the initial stages because entrepreneurs cannot go through with their ideas or lack the skills, expertise, and experience to take a company to new heights. Innovation is also essential for successful entrepreneurship because new products and innovations are necessary for a successful business. Entrepreneurs develop and run businesses with limited resources while fulfilling market demands and customer needs.
Jennifer Lopez's new partnership is providing Latina entrepreneurs with a $14 billion infusion in loan capital by 2030.
Lopez is teaming up with Grameen America, a New York City-based microfinance organization, to expand access to capital with the goal of reaching 600,000 Latina entrepreneurs, while also investing six million hours into financial education training for these women as well.
The Chicago Southside Wolfpack youth football team got a surprise visitor to their practice that they’ll never forget –
former president Barack Obama.
“I told you I was coming by, coach! You didn’t believe me!” the former president and sports fan said, laughing.
America's small businesses are a vital part of the economy. Their success is essential to economic growth and prosperity. Small businesses have the unrivaled potential to create jobs and put money back into communities. They also tend to show more creativity than large competitors, introducing novel products and ideas into the market.
Small businesses are responsible for creating more than three-fourths of the country’s new jobs, and they pay out more than 44 percent of the country’s private payroll. In addition to helping individuals by keeping people employed, small businesses also support the national and global economies.
The back bone of any organization is Employees. Employees are the backbone of any organization, and as you might expect, studies show that happy employees are more motivated, productive and committed.
The “Drunk In Love” singer and her philanthropic organization, BeyGOOD, are awarding $5,000 grants to families or individuals who are facing eviction and/or foreclosure as the housing moratorium is set to end this month.
“When the pandemic hit, we helped organizations across the country that were aiding and assisting people with basic needs like food, water, household supplies and COVID testing. We also provided mental health support,” read a press release. “We then launched our BeyGOOD small business impact fund and to date, over 250 small businesses have received $10K grants.”
“This holiday season while many are stressed with what they will do next regarding their housing, we are proud to share some GOOD news,” the press release continues. “Beyoncé is giving $5K grants to individuals and families facing foreclosures or evictions.”
Anyone who wants to apply to receive the grant is asked to send their application to the NAACP. The online application process is set to open on Jan. 7 and 100 recipients will be chosen. The grants will be sent out later that month. Round two of the applications will open in February.
The pair are busy practicing this week for their Twitch debut on Saturday, where they will play and compete in a chess tournament hosted by Chess.com and Hennessy. It’s to benefit Black, Latinx and Asian small businesses struggling with the pandemic. GZA says he still remembers vividly to this day when his cousin taught his 9-year-old self how to play chess.
“I guess I remember it well because he had a black and red checkerboard, but the pieces were like clear plastic neon,” GZA tells The Washington Post in a video interview, who said he never forgot the lesson. “And they were weird colored, and they were caked in green. And he showed me the names of the pieces and how they moved.”