2 days ago | By Essence

By Safire R. Sostre · Updated June 23, 2022 On June 15, Goldman Sachs announced 50 recipients of the Black Women Impact Grants program, as part of its One Million Black Women initiative to fund Black women-led and Black women-serving nonprofits. The Black Women Impact Grants program will award 50 Black-led organizations throughout the United States with two years of general operational funding, ranging from $50,000 to $250,000. A total of $10 million will be invested through the financial institution's multi-year program. “We know one of the best ways to create a more inclusive economy is...
Read more ...

JPMorgan Chase Commits $30M To Support Black College Students

2 days ago | By Essence

By Jasmine Browley · Updated June 23, 2022 Before the Civil Rights movement took root in the 1950s, Historically Black Colleges and Universities afforded Black Americans the chance to get an education that they were barred from at traditional white institutions.only routes to a college degree. Over the years, HBCUs have become a cornerstone of the Black experience, and JP Morgan's latest move proves they understand that very well. The banking giant recently announced in a news release that they expanded their five-year, $30 million commitment to the financial and career success of students...
Read more ...

These Are The Toughest Challenges Black Women Face in Entrepreneurship According To A New Report

2 days ago | By Essence

By Jasmine Browley · Updated June 23, 2022 Growing a small business is tough on anyone, but new data shows it's particularly challenging for Black women. In 2021 it was found that 17% of Black women are in the process of founding or running new companies. That's staggering considering just 10% of white women, and 15% of white men are doing the same. What's more, Black women only make up 11.4% of the US population. To understand why business growth has been so hard, Inc And Go, a business formation consultancy, conducted a wide-ranging survey to delve into some of the challenges minorities...
Read more ...