Gilbert Family Foundation announced that it will grant over $4 million to Black Leaders Detroit (BLD) and the Michigan Black Business Alliance (MBBA). The announcement made during Black Business Month detailed that the capital will be allocated towards several programs for Detroit business owners, including increasing access to capital, technical assistance, business coaching, and more. “These investments will ensure Detroit developers, entrepreneurs, and small businesses have the resources and opportunities needed to shape the future of our city and state,” Darnell Adams, Vice President of Detroit Community Initiatives, Gilbert Family
Black Tech Street (BTS) is bringing transformative AI innovation education to Tulsa’s Historic Greenwood District with the help of microchip maker NVIDIA. The partnership aims to help Tulsa become a national model for tech-driven economic empowerment and community advancement. NVIDIA, the world’s most valuable company, will collaborate with the organization to lead efforts in integrating cutting-edge technologies, according to The Black Wall Street Times. “NVIDIA is powering the AI revolution—likely the most impactful leap in human history,” Tyrance Billingsley II, founder and CEO of Black Tech Street, said. “To have
The temporary surge in funding for Black startup founders after George Floyd’s murder was driven largely by investors who had never previously backed a Black entrepreneur, and most showed only surface-level support, new research from Cornell University shows. Funding returned to prior levels within two years. Cornell researchers analyzed PitchBook data on venture funding from 2020 to 2023, using algorithms and manual review to classify the race of 150,000 founders and 30,000 investors. Surge in funding in the wake of Black Lives Matter The researchers found that at the height
Civil rights and privacy advocates are demanding an investigation into the New York Police Department’s (NYPD) use of facial recognition technology after it led to a Brooklyn father’s wrongful arrest, as first reported by The New York Times. The Legal Aid Society is now calling for a formal investigation, accusing the NYPD of violating its own policies around the use of facial recognition. Human rights organizations are also renewing calls for a complete ban on the technology. Brooklyn Father Wrongfully Arrested Trevis Williams, 36, was arrested in April after NYPD
The National Science Board has elected Victor McCrary as its new chair, the board announced July 24. McCary, who is currently the vice president for research and professor of chemistry at the University of the District of Columbia, will replace former Chair DarÃo Gil, who left the role to become under secretary for science at the US Department of Energy. “The nation’s science and technology (S&T) enterprise is in the midst of a profound transformation,” Chair McCrary said in a press release. “A transformation that began years ago and is
Seafood restaurant chain Red Lobster is making a comeback under the leadership of CEO Damola Adamolekun. The 36-year-old, who took the helm as Red Lobster emerged from Chapter 11 bankruptcy last year, is leaning on two simple strategies: listen to customers and make the restaurants worth returning to. Red Lobster’s bankruptcy Founded in 1968, Red Lobster filed for Chapter 11 bankruptcy in May 2024, closing more than 100 of its nearly 650 restaurants. Decades of rising labor and lease costs were compounded by the infamous endless shrimp fiasco, which turned
46.0% of all Fortune 500 companies were founded by immigrants or their children, according to a new report. That percentage is the highest level recorded since the American Immigration Council started examining immigrant entrepreneurs in annual reviews in 2011. Amazon, DoorDash, and Apple were among the Fortune 500 companies founded by immigrants or children of immigrants, as highlighted by the council’s research. These companies employ 15.5 million people worldwide, more than the population in Pennsylvania. As major companies across the country have rolled back their DEI efforts to comply with President Trump’s executive orders, these
Chris Smalls, an activist and co-founder of the Amazon Labor Union, was physically assaulted while aboard the Handala, an aid ship trying to reach Gaza. The Freedom Flotilla Coalition, a grassroots international group that organizes nonviolent missions to oppose Israel’s blockade of Gaza, said that Israeli Defense Forces (IDF) boarded the vessel, beat and choked Smalls, and seized the ship. The Handala was carrying humanitarian supplies including food, baby formula, diapers, and medicine for Palestinians in Gaza. The United Nations has warned that the region is facing a “worst-case scenario
Green Book Global, the first Black travel review mobile app, and EatOkra, an app for discovering Black-owned restaurants, are collaborating to add over 2,500 Black-owned restaurants into Green Book Global’s Driving While Black Road Trip Planner. With this new partnership, travellers will be able to use the Green Book Global app or website to add Black-owned restaurants from EatOkra straight to their road trip commutes across the US. “This collaboration is about more than food. It’s about culture, safety, and creating a network of trusted spaces for Black travelers as
Black-founded and centered membership club The Gathering Spot has announced its most ambitious plan to date: a 60,000-square-foot space in Atlanta called The Retreat. The new space features a rooftop pool, co-working spaces, and two restaurants, which will cost members $3,100 for an annual membership, according to The Inc. The Gathering Spot’s history The Gathering Spot appears to be on good, solid ground following its shaky merger with Greenwood. In 2022, it announced that Greenwood had acquired it. However, there were reported disputes between the two companies, including reports of a
