Interise’s Post

In a crucial conversation on economic empowerment in Black communities, Juicy Vizualz sits down with Antonio T. Smith Jr., the visionary behind the influential book. #Resegregation #EconomicEmpowerment #BlackCommunities #SocialJustice #CommunityEmpowerment #RacialEquality #WealthGap #EmpowermentInitiatives #InclusiveEconomy #MexitNews

In a crucial conversation on economic empowerment in Black communities, Juicy Vizualz sits down with Antonio T. Smith Jr., the visionary behind the influential book. #Resegregation #EconomicEmpowerment #BlackCommunities #SocialJustice #CommunityEmpowerment #RacialEquality #WealthGap #EmpowermentInitiatives #InclusiveEconomy #MexitNews

In a crucial conversation on economic empowerment in Black communities, Juicy Vizualz sits down with Antonio T. Smith Jr., the visionary behind the influential book. #Resegregation #EconomicEmpowerment #BlackCommunities #SocialJustice #CommunityEmpowerment #RacialEquality #WealthGap #EmpowermentInitiatives #InclusiveEconomy #MexitNews

In a crucial conversation on economic empowerment in Black communities, Juicy Vizualz sits down with Antonio T. Smith Jr., the visionary behind the influential book "ReSegregation." They delve into how the book challenges historical economic disparities with innovative and practical strategies aimed at fostering community wealth, entrepreneurship, and technological advancement. Antonio explains, "ReSegregation isn't about division; it's about strategically reclaiming and empowering Black communities to build sustainable economic strength." Through real-world examples and a focus on collaborative community efforts, they explore how these ideas can transform economic realities for Black communities nationwide, making a call to action for readers to actively participate in shaping a prosperous future. https://lnkd.in/gpN2bzib #Mexitverse, #EconomicEmpowerment, #CommunityWealth, #TechForGood, #BlackEntrepreneurship

In a crucial conversation on economic empowerment in Black communities, Juicy Vizualz sits down with Antonio T. Smith Jr., the visionary behind the influential book #Resegregation #EconomicEmpowerment #BlackCommunities #SocialJustice #EconomicEquity #CommunityEmpowerment #RacialEquality #EconomicJustice #EmpowermentConversation #CommunityDevelopment #MexitNews

In a crucial conversation on economic empowerment in Black communities, Juicy Vizualz sits down with Antonio T. Smith Jr., the visionary behind the influential book #Resegregation #EconomicEmpowerment #BlackCommunities #SocialJustice #EconomicEquity #CommunityEmpowerment #RacialEquality #EconomicJustice #EmpowermentConversation #CommunityDevelopment #MexitNews

This statistic highlights a stark inequality that demands our attention and support. By choosing to support Black-owned businesses in Maine, you’re not only fostering economic growth but also actively working to bridge this income gap. Every purchase you make from a Black-owned business contributes to their success and the larger goal of economic equality. Let’s stand together, uplift our local Black entrepreneurs, and make a positive impact on our community. Your support matters! 🤝💼 #SupportBlackBusiness #MaineEquality #CommunityMatters #BlackOwnedMaine

Hello Alice is being sued by American First Legal, an activist group alleging racial discrimination for offering ten $25,000 grants to Black-owned small businesses. Hello Alice Here's why it should matter to you: Today, we are all struggling for access to capital. The requirements for financial institutions to extend credit - lend money - is quite high. I spent the summer talking to 15-20 potential lenders and investors to help one client access capital. So any help we can all get as #smallbusiness owners is important. But time and time again, data shows that women of color entrepreneurs, even in normal economic times, disproportionately get less funding. In 2021, the combined share of Latina and Black women founders’ venture capital was only slightly over 1%. Demographic data shows .64% for Latina and .41% for Black women founders (Source 1). Covid-19 had a disproportionate financial impact on Black owned businesses. Between February and April of 2020, Black business ownership declined more than 40%, the largest drop across any ethnic group (Source 2). This is just a few pieces of evidence that women of color entrepreneurs need additional support not provided by traditional means. How to help: If you are an ally for women of color (WOC) entrepreneurs, back organizations like Hello Alice who support WOC owned businesses, who are not just talking about support, but who are actually providing it. Attend a workshop, attend a Hello Alice event, sponsor a Hello Alice event or teach the Hello Alice community like I did this summer. . #smallbusiness #womeninbusiness #cfo #chieffinancialofficer #outsourcedcfo #womeninbusiness #blackwomeninbusiness #womenbusinessowners #cfo #author . Source 1: The real reason Latin and Black women founders don't receive VC funding. Fastcompany. com March 2023. Source 2: Covid-19 Has Had a Disproportionate Financial Impact on Black Small Businesses. Forbes. June 2021.

It's no secret that Black women are the fastest-growing entrepreneurs in the United States. Nationally, Black women entrepreneurs own about 2.7 million businesses. We are forward thinkers, creating something special for those around us. With all the greatness coming out of our communities, Black women-owned businesses are still underfunded and lack the financial resources to scale and thrive long-term. Most companies see a rejection rate 3x higher than their white counterparts. The result is dollars allocated to basic expenses rather than growth strategies.   The fight to level the playing field is uphill, but Get The Bag is committed to putting our knowledge, relationships, and insights to work to bring awareness to pathways to power-up and get Black women entrepreneurs funded. Check out our most recent impact Report to learn more about our efforts to curate and advocate for our community of sisters! Get the full report here: https://lnkd.in/ghZSS3pH   #BlackBusinessWomen #BlackOwnedBusiness #SupportBlackBusiness #MBE #WBE

The 15|55 Cohort is exactly what lending needs. We need to stop our shift back towards institutionalized lending. This should be mandatory for all CDFIs.