Facebook has announced a $100-million commitment to a program that supports small businesses owned by women and minorities by buying up their outstanding invoices. This means that small businesses, who otherwise could have had to go months without getting paid by their customers, will be able to pay off their staff or bills. The tech media giant’s ‘Invoice Fast Track program’ is its latest effort to build its relationship with small businesses, which use its social media platform for business and advertising. Although the program isn’t necessarily new because it
Issa Rae has joined forces with American Express and the U.S. Black Chambers Inc. to help push their joint mission to expand their ByBlack initiative by launching the “first national certification program exclusively for Black-ownership designation.” The free platform, which was designed as a directory for Black-owned businesses, will now offer Black business-owners the opportunity to easily obtain approved accreditation that their customers and other companies can trust when spending with them. “Black businesses are American businesses,” Rae said, adding, “I think it’s one thing to support them during a very specific time when
