Wednesday, December 1, 2021
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Business
ViacomCBS to Sell CBS Studio Center for $1.85 Billion
November 30, 2021
ViacomCBS has agreed to sell CBS Studio Center in Studio City for approximately $1.85 billion to a partnership formed by Hackman Capital Partners LLC and Square Mile Capital Management LLC, the companies announced today. ... read more »
Stocks Sink on New COVID Variant; Dow Loses 905 Points
November 29, 2021
Stocks are closing sharply lower on Wall Street Friday, after a coronavirus variant from South Africa appeared to be spreading across the globe and the European Union proposed suspending air travel from southern Africa. ... read more »
T-Mobile to Pay $20M After Outage Led to Failed 911 Calls
November 29, 2021
Wireless carrier T-Mobile agreed to pay $19.5 million in a settlement with the Federal Communications Commission over a 12-hour nationwide outage in June 2020 that resulted in thousands of failed 911 calls. ... read more »
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Black Woman Tech Founder Survived Homelessness and Started a Movement to Increase Generational Wealth in South L.A.
November 26, 2021
Homeless at the age of 19, Cassie Betts has a riveting life story. She shares memories about befriending “questionable characters of the night,” with the tech-savvy inner-city youth she trains in her technology academy Made In South L.A. (MISLA), initially launched from the janitor’s closet of a South Central Los Angeles charter school. Betts has evolved, going from sleeping on bus stop benches and cardboard boxes in Honolulu, Hawaii, to acting and modeling in commercials, TV, and film in Los Angeles, to now blazing her own path in tech, while taking along anyone who believes that South L.A. produces geniuses, high-level entrepreneurs, and leaders who make an impact and change for better. ... read more »
Three Black Google-Funded “Techtrepreneurs” Talk Shop, Challenges
November 25, 2021
Three Google-funded, Black tech executives and entrepreneurs joined Black business advocates and news publishers to discuss their ventures, the economic impact of the coronavirus pandemic and investment during a recent online symposium. ... read more »
Analysts: California Is Moving Into Next Budget Year With a $31 Billion Surplus
November 25, 2021
California is expected to move into the next fiscal year, which begins July 1, 2022, with a whopping $31 billion surplus, according to estimates from the independent Legislative Analyst’s Office (LAO). ... read more »
Black Entrepreneurs in Miami Feel Bypassed by the Tech Boom
November 22, 2021
 Black hair care is often overlooked by venture capitalists, a world that remains distant from Black and Brown communities. Only 2% of venture capitalists are Black men and only 1% are Black women. ... read more »
Priscilla Wallace Named Head of Supplier Diversity for Wells Fargo
November 11, 2021
Wells Fargo & Company (NYSE: WFC) announced that Priscilla Wallace has been named head of supplier diversity for the company. Wallace joined Wells Fargo last month and will report to Barb Kubicki-Hicks, chief procurement officer, with a dotted line to Kelley Cornish, head of Diverse Segments, Representation and Inclusion Program Management Office and Enterprise Initiatives. ... read more »
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Black and Latina women less likely to take sick days for fear of retribution
November 11, 2021
In a new survey of 2,000 working Americans that took a close look at the perceptions and racial disparities surrounding taking sick time. While the COVID-19 pandemic has Americans taking their health more seriously than ever, half of respondents feel discouraged by their workplace to call out to take care of themselves when feeling under the weather. ... read more »
HOMEOWNERS CAN APPLY FOR UP TO $3,000 IN SEISMIC RETROFIT GRANTS
November 11, 2021
More California homeowners will be eligible for up to $3,000 in seismic retrofit grants through Earthquake Brace + Bolt (EBB), a program jointly administered by the California Earthquake Authority (CEA) and the California Governor’s Office of Emergency Services. The grants help offset the cost of seismic retrofits that brace the cripple walls of older homes, when present, and bolt houses to their foundations, making them less vulnerable to earthquake damage. ... read more »
Founders First CDC to provide $100,000 in grants to diverse small businesses in Los Angeles
November 11, 2021
The Job Creators Quest Grant will help diverse small businesses continue to create premium wage jobs and act as a recognition of the existing investments these organizations have already made themselves to retain and grow their workforce during the pandemic. Funding for this grant program was facilitated in part by a $1 million grant from the Rockefeller Foundation, in conjunction with Founders First Capital Partners’ recent $9 million Series A financing. Additional partners include ADP, JPMorgan Chase & Co., Union Bank, and Small Business Majority. ... read more »
CD-9 Welcomes Residents Applying for BIG:LEAP Program
November 4, 2021
South L.A. residents lined up on October 29, at the field office of Councilmember Curren Price, Jr. to apply for the BIG:LEAP - the Basic Income Guaranteed: Los Angeles Economic Assistance Program. The citywide program, which accepts applications until November 7, will provide 3,000 recipients with $1,000 per month for 12 months with no-strings-attached or conditions on how the funds must be spent. ... read more »
Coping With Another Supply Chain Shortage as the Pandemic Rolls On
November 4, 2021
The supply chain of products like bath tissue, Lysol, and other items are running low again as the pandemic drags on. ... read more »
Keep our Shops on the Block Launches Digital Accelerator Program for Diverse Small Businesses
October 28, 2021
Following the success of the Keep Our Shops on the Block grant earlier this year, which deployed financial aid to 481 small brick-and-mortar businesses in the retail and personal care sector, the Local Initiatives Support Corporation Los Angeles (LISC LA) has expanded the program and the services offered and launched an invite-only digital literacy accelerator for diverse-owned businesses. ... read more »
Earl Aims to Transform Lives in L.A. by Tackling Racism in Government
October 28, 2021
Monique Earl, senior assistant general manager and chief diversity, equity and inclusion officer for the Los Angeles Department of Water and Power, aims to fulfill her vision of transforming lives by “unraveling institutional racism and discrimination in our government institutions.” ... read more »
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