Business

Stolen Bruce’s Beach Property Returned to Black Family

The story behind Bruce’s Beach tells a narrative of Black-ownership in America. Original property owners Charles and Willa Bruce had their land seized by the City of Manhattan Beach, California. The local government managed the rights to the land for almost 100 years.  

Minority owned businesses in LA to receive financial boost

Los Angeles has the largest small business economy in the U.S., with over 250,000 small businesses.

However, there’s a shortage of capital available for these small businesses, and entrepreneurs of color are disproportionately affected.

Earlier this month, the Entrepreneurs of Color Fund (EOCF) program was launched in Los Angeles to address this shortage. With $2.65 million in funding to support historically disadvantaged small business owners in Los Angeles, the fund is designed to help increase the availability of capital and business resources to strengthen small businesses owned by underserved entrepreneurs.

COVID’s effects worsen America’s racial wealth gap: Blacks own 22 cents for every dollar held by whites Closing gaps would create 1.7 million jobs, add $300-450 billion to the economy

As the global pandemic continues to take lives and infect multiple generations, virtually every dimension of life is challenged. And people with the fewest financial resources before COVID-19 are being challenged more than ever before.  

It is both a challenge and an opportunity for leadership in the Biden Administration, Congress, the Federal Housing Finance Agency, the Department of Housing and Urban Development, along with the private sector address to effect policies and practices that reverse the nation’s still-growing racial wealth gap. Tried and true wealth-building tools like targeted homeownership and expanded small business investments together would bring sustainable and meaningful changes to those who historically have been financially marginalized. 

Fighting wave of misinfo, YouTube bans false vaccine claims

YouTube announced a sweeping crackdown of vaccine misinformation Wednesday that booted popular anti-vaccine influencers from its site and deleted false claims that have been made about a range of immunizations.

The video-sharing platform said it will no longer allow users to baselessly speculate that approved vaccines, like the ones given to prevent the flu or measles, are dangerous or cause diseases.

Los Angeles Businesses Find Mentorship Through Jrue and Lauren Holiday Fund

In the wake of the COVID-19 pandemic and the uptick of Black Lives Matter protests, NBA guard Jrue Holiday and his wife Lauren wanted to help people of color. They decided to use the remainder of Jrue’s 2020 salary to help Black and Brown businesses in Los Angeles, Indianapolis, New Orleans, and Milwaukee. This was the inception of the Jrue and Lauren Holiday Fund (JLHF).

Secretary Fudge, HUD convened African American officials to discuss the housing investments in President Biden’s Build Back Better plan

U.S. Department of Housing and Urban Development Secretary Marcia L. Fudge convened a virtual roundtable discussion with over 90 mayors, state legislators, county commissioners, and local municipal leaders on the housing investments and racial equity opportunities that would be created through President Biden’s Build Back Better plan. The mayors and state and local elected leaders make up the executive teams and memberships of the National League of Cities- National Black Caucus for Local Elected Officials, National Organization of Black County Officials, African American Mayors Association, and National Black Conference of State Legislators.

Racial Equity Finds a Permanent Home in Los Angeles

Monday, September 13, 2021, marks a monumental day in the history of Los Angeles. Attorney and Executive Director of the Civil and Human Rights Department, Capri Maddox has cut the ribbon to the newly established building looking to house the first racial equity branch of local government in the Los Angeles City Mall arena. 

Dr. Tony Allen Appointed as Chair of President’s Board of Advisors on HBCUs

President Joe Biden announced his intent to appoint Dr. Tony Allen as the Chair of the President’s Board of Advisors on Historically Black Colleges and Universities (HBCUs). The Board will advance the goal of the HBCU Initiative, established by the Carter Administration, to increase the capacity of HBCUs to provide the highest-quality education to its students and continue serving as engines of opportunity. The Biden-Harris Administration said it remains committed to supporting the vital mission of HBCUs. Through the American Rescue Plan and by forgiving capital improvement debt of many these institutions, the Biden-Harris Administration has already committed more than

Balance Your People and Profits: Cal Bill Pushes Amazon, Walmart, and Other Big E-Retailers

Last week, warehouse workers, labor leaders, elected officials, and community groups came together on the steps of the California State Capitol. Their goal was to generate public support for California’s pro-worker “Warehouse Workers Protection Act,” – also called Assembly Bill (AB) 701– and to encourage the state Senate to pass it.