Business
The Long Beach Center for Economic Inclusion Announces New President/CEO
Long Beach, CA – The Long Beach Center for Economic Inclusion (LBCEI) announces the successful culmination of their search process with the hiring of a new President/CEO: Byron K. Reed, former SVP and Head of Community & Local Government Relations for CIT/One West Bank. Starting in July 2021, Mr. Reed will utilize his vast community and economic…
Read MoreCalifornia Reparations Committee Confronts Harms of Slavery, Debates Direct Payments
By Jackie Botts From Calmatters.org For more than three decades, Black members of Congress have introduced legislation to study the lasting harms of slavery on African Americans, and propose remedies. Year after year, the federal proposal languished. Now, California is going it alone. Subscribe to read the full story…
Read MoreCalifornia scores staggering $75B budget surplus
By Reid Wilson From thehill.com California’s budget is in the black — by a staggering amount. A state that expected perhaps the most severe budget crunch in American history instead has a more than $75 billion budget surplus, Gov. Gavin Newsom (D) said Monday, after a booming stock market and better-than-anticipated tax revenues over the pandemic-plagued year.…
Read MoreLendistry Tapped by the Small Business Administration (SBA) as Sole Community Partner To Help Administer $28.6 Billion in Restaurant Revitalization Fund (RFF)
LOS ANGELES /PRNewswire/ — As the largest minority-led deployer of capital in COVID relief funding, Lendistry has been tapped by the Small Business Administration (SBA) as the sole community partner to help administer $28.6 billion in Restaurant Revitalization Fund (RFF) financing established by the American Rescue Plan Act. Lendistry, a Black-led and operated lender, based in California, has created an…
Read MoreTruist’s $20 million Operation HOPE Investment Expands Financial Inclusion To More Communities
Partnership transforms access to financial resources, creating better lives and communities. ATLANTA, /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) and Operation HOPE today announced an expanded, multiyear transformational partnership, including a series of collaborative programs such as HOPE Inside coaching, digital access that connects to education and Truist solutions, and HOPE‘s 1 Million Black Business Initiative (1MBB), as part of the…
Read MoreQueen Aminah Muhammad, President, Leimert Park Village Merchants Association, Speaks
By Charlene Muhammad PACE NEWS Contributor Aminah Muhammad, affectionately known as “Queen Aminah” by her community and her customers, is no stranger to business. She has been an entrepreneur for over two decades. In a recent interview with PACE NEWS, she reflected on the Leimert Park Village Merchants Association, what it means to have been elected president in September 2020,…
Read MoreNoted Builder and Entrepreneur Charles Quarles Lends Name To Watts Area Business Incubator
(SOUTH LOS ANGELES-CA) Charles Quarles, President of The Bedford Group of Companies, a leading Los Angeles real estate development firm, has lent his family name to the Quarles Business Opportunity Center (QBOC), a business incubator focused on assisting minority entrepreneurs in the communities of Watts, Willowbrook, Compton, Carson, and South Los Angeles. An Entrepreneur Educational…
Read MoreProminent New Jersey Pastor Slams National and NJ Democrats for Allowing Racism in the Democratic Party
Blueprint Capital Advisors Supports advisor David Jefferson’s stern call for economic justice in New Jersey NEWARK, N.J/PRNewswire/ — “Blueprint Capital Advisors stands solidly behind Pastor David Jefferson Sr. Esq.,” according to Blueprint CEO Jacob Walthour,…
Read MoreBlueprint CEO Jacob Walthour Jr. Honored by NJBIZ and ROI NJ
NEWARK, N.J., /PRNewswire/ — Jacob Walthour Jr., the founder of New Jersey’s first and largest Black asset management firm, Blueprint Capital Advisors, is garnering widespread attention for the work his firm is doing for clients and New Jersey’s Black community. He was recently recognized as part of the NJBIZ ‘Leaders in Finance Awards’ and the…
Read MoreFirst U.S. Stimulus Payments To Hit Bank Accounts This Weekend: Officials
By Andrea Shalal WASHINGTON (Reuters) – Americans will see the first direct deposits from President Joe Biden’s $1.9 trillion COVID-19 relief package hit their bank accounts this weekend, Treasury and Internal Revenue Service officials said on Friday. A first tranche of $1,400 stimulus payments was processed Friday, with additional large batches of payments to be sent…
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