ORO Impact, a social impact fintech company, has recently launched a down payment assistance (DPA) platform to transform homeownership throughout the US. ORO Impact The company addresses two national challenges, the first being down payment affordability has put homeownership outreach for many Americans. Secondly, employee tenure is at record lows as employers struggle to attract and retain employees. Homeownership currently reflects racial inequity, with rates for African American and Latino households lagging the national median by 22% and 15%, according to Black News. In many parts of the country, African American
The National Science Foundation (NSF) is currently funding several programs to address racism in environmental and civil engineering to make the field more diverse. According to the Daily Caller, the NSF also aims to train engineers representing Black and Latinx communities. The grants are part of a broader effort by the NSF to push racial equity in STEM. In 2021, nearly a quarter (24%) of the US workforce was employed in STEM. However, Hispanic workers represented 15%, and Black workers only represented 9%. NSF’s funds aim to change that as they are
In recent days, Elon Musk has drawn criticism from business, tech, and civil rights leaders for his disparaging tweets about Diversity, Equity, and Inclusion (DEI). DEI initiatives aim to rectify historical and ongoing discrimination by providing equal access and opportunities for underrepresented groups. However, South African billionaire and owner of Tesla, Space X, and X – formerly known as Twitter – has repeatedly labeled these efforts discriminatory and called for them to “die”. “DEI is just another word for racism. Shame on anyone who uses it,” Musk said in a
Karat’s Brillant Black Minds has welcomed new partners to its program, joining investors such as Serena Williams, levelling the playing field for Black software engineers. Brillant Black Minds Brilliant Black Minds was co-founded in 2021 and launched as a solution for Black engineers lacking access and resources to excel in the tech industry. The Brillant Black Minds program aims to bridge this gap through mentorship, networking opportunities, and more. The program recently received investment from tennis champion Serena Williams to help aspiring Black engineers enter the tech industry and change the narrative. “We’re focused on
Developer and entrepreneur Ida Byrd-Hill is the visionary behind the Life Culture Audit vision board app, helping the Black community set and achieve their career and finance goals. The power of visualization Ida Byrd-Hill knows firsthand how visualization can change your life. In 2017, she founded the cybersecurity and tech re-skilling firm Automation Workz 4 U, later named Automation Workz Institute. When investors refused to invest in her firm, Byrd-Hill decided to sell her Detroit residence, car, and retirement funds and enter voluntary poverty. Four years later, Byrd-Hill has managed to
Two minority-owned platforms, TripleLift and Reset Digital, have partnered to help advertisers achieve their diverse spending goals, increasing diverse representation across the programmatic ecosystem. In 2023, an ANA survey found that the media and advertising community had shown more interest in supporting diverse suppliers over the past year. However, there is still a gap between intent to spend with diverse suppliers and actual spending. TripleLift and Reset Digital’s partnership aims to change that. Supporting diverse suppliers in the ad industry TripleLift, founded by Eric Berry, Ari Lewine, and Shaun Zachariais,
Businessman Ted Lucas went from creating millionaires in the music business to creating the Technolij Innovation Center at one of Florida’s Historically Black College and Universities (HBCU). Meet Ted Lucas Lucas founded the independent music label Slip-N-Slide Records. He told AFROTECH he knew how to seek talent and people before they saw it in themselves. “I wanted to be the one behind getting the deals and getting the deals done. So, I found my niche, how I work, and what works best for me to be in the music business,” he said.
DigitalHealth.London has launched their Leap program dedicated to championing inclusivity and supporting founders from diverse backgrounds in digital health. Digital Health uses information and communications technologies in medicine and other health progressions to manage illnesses and health risks. According to a report from The Treasury Committee in 2021, less than 2% of all venture capital funding went to Black and ethnic minority-led businesses. The DigitalHealth.London aims to sustain and expand an active digital health market in London by helping to overcome challenges that hold innovators back. Therefore, the program is open to founders from
California Launches Groundbreaking Ebony Alert System To Address Disparities In Missing Black Youths
The Ebony Alert system, created to identify missing Black youths, has launched in California, with other states to follow. Governor Gavin Newsom signed SB 673 – Senator Steven Bradford’s “Ebony Alert” legislation – in September 2023. The law makes California the first state to create an alert notification system addressing the crisis of missing Black children. The technology behind broadcast and mobile alerts has been around for decades, but it’s largely failed to address a minority of the population that the signs are intended to help. “It came about by
Claudine Gay, Havard University’s first Black president, has resigned following allegations of plagiarism and criticism over her comments about antisemitism on campus. Gay released a letter announcing her resignation, saying it was in the university’s best interests for her to go. “It has been distressing to have doubt cast on my commitments to confronting hate and to upholding scholarly rigor,” she said. “This is not a decision I came to easily. Indeed, it has been difficult beyond words.” She said she had been subjected to personal threats and racial animus. Anti-semitism comments
