Rapper and entrepreneur 2 Chainz has joined PepsiCo to launch “Taste of Tomorrow,” a new initiative aimed at addressing the underrepresentation of Black professionals in Science, Technology, Engineering and Math (STEM) careers. Boosting Black representation in STEM Despite STEM fields experiencing rapid growth, Black professionals currently make up just 9% of the workforce. The “Taste of Tomorrow” initiative aims to break down the systemic barriers Black students face in pursuing STEM careers, such as limited access to advanced coursework and public programming. Rapper and entrepreneur 2 Chainz, a HBCU alum,
Workers of color made up 40.1% of the high tech workforce in 2022, comprising a share similar to the total US workforce, according to a new report from the US Equal Employment Opportunity Commission (EEOC). However, Black and Hispanic workers remain significantly underrepresented in the high tech workforce and sector, especially in senior roles, depsite growing numbers. The high tech workforce The high tech workforce refers to workers in 56 science, technology, engineering, and mathematics (STEM) occupations regardless of industry, for example, an engineer working at a nonprofit. Black high tech
As companies scale back flexible work environments and encourage a return to the office, Black workers are facing a significant decline in workplace wellbeing. According to new research from Johns Hopkins Carey Business School, the post-pandemic shift is hitting Black employees especially hard, worsening existing disparities in the workplace. Return to office hits Black workers hardest Carey surveyed more than 1.5 million individuals at over 2,500 organizations in the US in partnership with Great Place To Work. They found that workplace wellbeing peaked in 2020 when many companies embraced more supportive and
URAWarrior, a mental wellness platform founded by executive coach and TV personality Bershan Shaw, has launched a new mental wellness app designed to help users manage stress, anxiety, and mental health challenges. The app, released on National Suicide Prevention Day, is part of a partnership with the restaurant chain Founding Farmers. A New mental wellness app Bershan Shaw, a two-time cancer survivor known for her appearances on The Real Housewives of New York City, created URAWarrior as a safe space for individuals dealing with mental health struggles. The app offers
The Hispanic Association on Corporate Responsibility (HACR) and a powerful coalition of allied organizations are set to walk over 240 miles from Capitol Hill to Wall Street to push for greater diversity, equity, and inclusion (DEI) in Corporate America. The “Walk to Wall Street” initiative will begin on September 17, 2024, and culminate in New York City’s financial district on October 11. Call for Corporate Diversity The march, led by HACR President and CEO Cid Wilson, aims to highlight ongoing disparities in representation and inclusion in US businesses. Despite some
Atlanta-based venture capital firm Fearless Fund has permanently closed its Strivers Grant program, which provided $20,000 grants to Black women entrepreneurs. This decision follows a settlement with the American Alliance for Equal Rights (AAER), a group led by conservative activist Edward Blum, the man behind the Supreme Court’s affirmative action ruling. Nevertheless, Fearless Fund remains committed to empowering historically overlooked entrepreneurs and plans to launch a new debt fund to continue supporting those in need of capital. Fearless Fund’s Legal Battle In August 2023, AAER sued Fearless Fund, claiming the
The Congressional Black Caucus (CBC) has called on Fortune 500 companies to reaffirm their commitments to diversity, equity, and inclusion (DEI) initiatives and set clear, measurable goals amid rising challenges to DEI programs nationwide. Holding corporate America accountable The CBC’s first-of-its-kind report aims to hold Fortune 500 companies accountable for their DEI pledges made after George Floyd’s murder in 2020. Titled “What Good Looks Like”: A Corporate Accountability Report on Diversity, Equity, and Inclusion, the report is based on months of meetings with hundreds of executives across different sectors and
Kredete, a Nigerian fintech platform, has raised $2.25 million in seed funding, enhancing its ability to serve African immigrants in the U.S. The funding round, led by Blockchain Founders Fund (BFF), also included investors like Techstars, Tezos Foundation, Polymorphic Capital, among others. Kredete’s mission is to help African immigrants build credit while simplifying remittances, transforming how they send money home. Addressing Financial Barriers for African Immigrants Kredete’s innovative approach has attracted a user base of over 300,000 and processed transactions exceeding $100 million. The platform allows immigrants to send money
In recognition of World Suicide Prevention Day 2024, it’s important to highlight the growing mental health needs within Black communities. Studies show that Black adults are 20% more likely to experience serious mental health issues, such as depression and anxiety, compared to the general population. Despite this, only about 25% of Black individuals seek mental health care, largely due to stigma, cultural barriers, and lack of access to culturally competent providers. In response, several apps and startups are working to close this gap, offering tailored support to meet the mental
Warp, a payroll startup based in New York, has distanced itself from an individual associated with its brand after a series of racist posts on X (formerly Twitter). The controversy began when an account using the name “Vittorio,” who had a Warp affiliate badge, made derogatory comments favoring white superiority. The post, which quickly sparked outrage, read, “I like White people more, they do more… I’ll let Blacks run and play basketball.” The affiliate badge linked to Vittorio’s profile suggested an official connection to Warp, a startup focused on automating
