BNN Bloomberg: New Site Solicits Pledges to Black Causes, Starting at $100,000

BNN Bloomberg: New Site Solicits Pledges to Black Causes, Starting at $100,000. “A new online database, called 100kPledge, will track individuals and organizations that commit anywhere from $100,000 to $100 million over 10 years to hire Black people, invest in Black-owned businesses or donate to causes supporting Black communities. An initial group of founding members — more than 130 professionals, including Reshma Saujani of Girls Who Code — have pledged $140 million already.”

TechCrunch: This public spreadsheet lists Black founders who have raised VC, and the investors backing them

This is from July and it completely flew past me. TechCrunch: This public spreadsheet lists Black founders who have raised VC, and the investors backing them. “Finding out how many Black founders have successfully raised venture capital, and which venture capital firms invested in their startups hasn’t been an easy task, historically. Venture capital data is often diceable by stage, say, or by startup type. But if you wanted to know how many Black founders a particular firm had invested into, that information has been hard to come by. Until now, that is.”

Washington Post: Residential segregation plays a role in coronavirus disparities, study finds

Washington Post: Residential segregation plays a role in coronavirus disparities, study finds. “Counties with the highest percentage of White residents have had the lowest rates of coronavirus infections, even as infections have increased with the reopening of some states’ economies, an indication that residential segregation is a significant factor in the pandemic’s spread, a study has concluded.”

Oprah Magazine: 117 Black-Owned Bookstores in America That Amplify the Best in Literature

Oprah Magazine: 117 Black-Owned Bookstores in America That Amplify the Best in Literature. “From online book boutique Sistah Scifi—a shop that strictly sells Afrofuturism novels—to children’s bookstore The Listening Tree in Decatur, Georgia, there are plenty of diverse Black-owned bookstores you can safely shop at right now, and always, no matter how much (or little) the nation is focused on a longtime continuing struggle.”

Fed study: Covid-19 overwhelmingly strikes counties with most Black businesses (Politico)

Politico: Fed study: Covid-19 overwhelmingly strikes counties with most Black businesses. “The Black community has been disproportionately battered by the coronavirus, as numerous studies have shown. Now, the Federal Reserve Bank of New York has quantified just how hard an economic punch the pandemic has delivered. Thirty counties account for 40 percent of receipts from Black-owned businesses, and 19 of those areas — roughly two-thirds — have the highest number of coronavirus cases in the country, according to new research from the New York Fed. By contrast, counties with more white-owned firms have a lower share of cases.”

USA Today: Facebook adds new tool to help users find local Black-owned businesses

USA Today: Facebook adds new tool to help users find local Black-owned businesses. “Facebook is enabling users to discover Black-owned businesses through a new feature on the platform. The social networking giant is rolling out a self-designation tool for Pages that lets entrepreneurs and admins identify businesses as Black-owned. The companies will then appear under a ‘Black-Owned Businesses’ header on the website’s Nearby Businesses front.”

BK Reader: New Online Rolodex Spotlights Minority-Owned Small Businesses This Black Business Month

BK Reader: New Online Rolodex Spotlights Minority-Owned Small Businesses This Black Business Month. “A new rolodex of Black, Brown and women owned small businesses in New York City is being launched online this National Black Business Month. The Big Black Book NYC, a social media directory collating and promoting minority owned businesses, is launching its new website to celebrate local entrepreneurs, coinciding with the directory’s third anniversary.”

CNET: Google will help you find Black-owned businesses

CNET: Google will help you find Black-owned businesses. “Google is adding new ways to help users find and support Black-owned businesses, the search giant said Thursday. US merchants with a verified Google Business Profile can now add a Black-owned business attribute to their profile so customers can see that it’s Black-owned when they find that business through Google Search and Maps, according to a blog post.”

Republican American: Black-owned businesses in state get their own website

Started in January and I apparently missed it. From the Republican American: Black-owned businesses in state get their own website. “A collaborative effort by a team of 30 volunteers, the website has a directory with links to Black-owned businesses in the state and also provides marketing resources for them. Since its launch July 1, 775 businesses, covering everything from restaurants to consultants to photographers, have signed on.”

New York Times: Black Business Owners Had a Harder Time Getting Federal Aid, a Study Finds

New York Times: Black Business Owners Had a Harder Time Getting Federal Aid, a Study Finds. “A nonprofit sent Black and white ‘mystery shoppers’ to branches of 17 banks, where they asked for loans under the Paycheck Protection Program. White customers got better treatment.”

KUTV: New Utah Black Pages site highlights Black-owned businesses

KUTV: New Utah Black Pages site highlights Black-owned businesses. “The Utah Black Chamber is partnering with a local software company to launch a website highlighting Black businesses. [The site] officially became an active site on Wednesday. The space offers resources on how to connect with local Black-owned businesses.”

Mother Jones: #BuyBlack Has Helped Black Businesses Hit by COVID. But It Won’t Solve the Biggest Problems.

Mother Jones: #BuyBlack Has Helped Black Businesses Hit by COVID. But It Won’t Solve the Biggest Problems.. “Between February and April of this year, 41 percent of Black-owned businesses closed their doors, a National Bureau of Economic Research study found, a higher share than for businesses owned by any other racial group. The overwhelming majority of Black-owned businesses didn’t qualify for the first round of the federal government’s Paycheck Protection Program loans designed to help small businesses, because recipients were required to use the bulk of the loans for payroll. As of 2012, more than 2.5 million of the 2.6 million US Black-owned businesses had no employees beyond their owners, notes Ron Busby, president of US Black Chambers, which represents local Black chambers of commerce across the country.”

ABC7: New website Spicy Green Book shines spotlight on Black-owned restaurants across SoCal

ABC7: New website Spicy Green Book shines spotlight on Black-owned restaurants across SoCal. “The Oscar-winning movie ‘The Green Book’ brought attention to a travel guide that helped African American travelers in the mid-20th century. Now, there’s a website called Spicy Green Book that’s shining the spotlight on Black-owned restaurants throughout Southern California with the intention of fostering community.”

WCNC: Facebook has new “Lift Black Voices” option amid uptick in support for Black-owned businesses

WCNC: Facebook has new “Lift Black Voices” option amid uptick in support for Black-owned businesses. “In recent weeks, a bigger spotlight has been cast on racial inequality and the black experience in this country, and people have been looking for ways to show support. One of those ways is by supporting Black-owned businesses who have seen an uptick in interest.”

CNN: A viral Black-owned business success and the shortcomings of the federal pandemic response

CNN: A viral Black-owned business success and the shortcomings of the federal pandemic response. “From lack of relationships to banks, to minimal or less than pristine credit histories, to something as simple as the size and structure of their businesses, Black-owned small businesses faced built-in structural disadvantages, according to lawmakers, advocates, government officials and business owners. ‘This is just laying bare all of the cracks and issues that were already there in this foundation and that people of color had been experiencing every single day,’ said Ashley Harrington, federal advocacy director and a senior counsel at the Center for Responsible Lending.”