With unemployment stretching across the country and affecting jobs in every sector, Allen and her team at CapWay have been quietly building a digital literacy and banking solution befitting the era of digital-first payments and transactions for the 55 million Americans, 20 percent of whom are Black minorities, left out of traditional banking systems.
Andre Perry is a Fellow in the Metropolitan Policy Program at Brookings, a scholar-in-residence at American University and a columnist for the Hechinger Report. In this discussion, slated for May 21 from 1pm-2pm EST, we’ll be talking about Perry’s forthcoming book, Know Your Price: Valuing Black Lives and Property in America’s Black Cities, and how we can better evaluate the policies affecting Black businesses across the innovation ecosystem.
For Black tech founders who operate extensively within the general public or whose business dealings require extensive travel to meet with investors or presentations at major industry conferences, the long-term effects of COVID-19 have yet to be realized. Their proactivity in managing their workforces breaks down to using common sense as well as keeping a keen eye on how the future of work will be shaped by building culturally-responsive remote work cultures.
Black businesses in Black communities aren’t benefiting financially from positive online reviews compared to their white counterparts. A new study from the Brookings Institution revealed that even the highest-rated Black businesses on Yelp located in Black neighborhoods earn less in revenue compared to poorly-rated non-minority-owned businesses in white communities.
What we know about the number of Black inventors in the US patent system hasn’t been formally documented since 1913. This month, the US House of Representatives Small Business Committee held a hearing in Washington, D.C. calling on researchers and business leaders to testify in support of legislative options that would increase access for diverse populations to participate in the patent process.
Just one year after announcing its $10 million commitment to investing in underrepresented founders, the Consumer Technology Association (CTA) has doubled down on its diversity initiatives by introducing a new programming track at its annual Consumer Electronics Show (CES) conference for those looking to see women and founders of color gracing the show’s stages.
Today, Black mayors are tasked with two important roles: develop a vision for their cities which may include the adoption of “smart city” initiatives and large-scale tech-sector job growth; and attempt to help Black communities bounce back from decades-long discriminatory policies and disinvestment to ensure their participation in the global economy.