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Nike Inc.’s Black Community Commitment scholarship recipients they wonder about black pioneers

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Dr. D’Wayne Edwards, Omi Bell and Tanya Van Court are a few of the entrepreneurs recognized through Nike Inc.’s Black Community Commitment program. as changemakers due to their work and impact on the Black community.

The Black Community Commitment program began in June 2020 after the murder of George Floyd. At the time, Nike, Converse, Jordan Brand and Michael Jordan committed a combined $140 million over 10 years to speculate in and support organizations focused on economic empowerment, education and social justice to deal with racial inequality amongst Black Americans.

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These lively individuals draw inspiration from the work of black pioneers who made history and paved the way in which for them to do the work for which they are recognized today.

On Thursday, theGrio met with Edwards, Bell and Van Court on the “Path to Progress” event, a milestone for BCC in its fourth 12 months in Washington

Edwards is a footwear designer with over 30 years of experience and president of Pensole Lewis College of Business & Design, the one HBCU in Michigan and the one HBCU with a footwear design program. He can be the founding father of JEMS, the primary black-owned athletic shoe factory within the US

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(Left to right) StoryCorps Author Jason Reynolds, Associate Director-General Counsel Legal Defense Fund Tona Boyd, Founding CEO and Artistic Director of New Ballet Ensemble and School Katie Smythe, Founder and President of Pensole Lewis College of Business & Design D’Wayne Edwards and Nike, Inc. Vice President, Chief Social and Community Impact Officer Vanessa Garcia-Brito. (Photo: Nike, Inc.)

The inspiration to launch the Edwards sports shoe factory was Jan Ernst Matzeliger, the inventor of the shoe durability machine.

“Thanks to his invention 141 years ago, John Ernst Matzeliger increased the production of shoes in the United States from 50 pairs a day to 700 pairs a day,” Edwards reveals. “The Black man has played a pivotal role in advancing our history within the footwear industry, but so many individuals don’t even know this man even existed. Jan is one among countless Black people on this industry who’ve been forgotten.

Pensole Lewis College of Business and Design in Detroit hosts Black Footwear Forum

Van Court is the founder and CEO of Goalsetter, a financial app and learning platform that makes financial education fun and interesting for each member of the family. Recognizes entrepreneur and philanthropist Robert F. Smith.

“Robert F. Smith is obviously the pinnacle example of what this (building wealth) looks like and what it means for the Black community,” Van Court says. “But I don’t admire him just because he has accumulated wealth. I admire him because he uses his wealth to truly impact our community in a significant and impactful way.”

Bell is the CEO and founding father of Black Girl Ventures. The nonprofit organization works to offer access to capital for Black and brown women business founders. For Bell, an important thing is the work of those that belonged to the pension parties through the great migration of the twentieth century.

“Black people migrated to Harlem and white landowners raised the rent,” Bell explains. “You had people like Fats Waller, Langston Hughes, Duke (Ellington) helping people organize these events; this is how they gained access to capital and then (paid) rent to live in their homes.”

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Bell continues, “Fast forward and today we feel like we are fulfilling the wildest dreams of our ancestors.”

Click Here to learn more about Nike Inc.’s Black Community Commitment program. and beneficiaries of subsidies for 2024.

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This article was originally published on : thegrio.com

Business and Finance

Dei Target’s drama has just become more mess – and now investors want to recover money

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The ongoing controversy Dei Target simply turned to legal trading. The retail giant – along with the director general Brian Cornell and his current and former members of the board – stands within the face of the collective process, accusing them of misleading investors of monetary risk related to the corporate’s initiatives, own capital and integration (Dei).

A collective lawsuit filed by City of Riviera Beach Police Emeryant Fund in Florida claims that the goal issued “false and misleading” statements regarding his dei, environment and social policy. According to Reuters, Shareholders’ notification also states that the corporate has deceived them to pay inflated share prices and unknowingly supported the “improper use of investor funds to serve political and social purposes.”

The claim also refers to the controversial Pride 2023 LGBT campaign. As previously reported by Thegrio, the vendor was on the Center of Cultural War, when he debuted with pride goods, only to later draw chosen items after the confrontations in the shop aroused security concerns. This, after all, caused even greater indignation – each from those that opposed the gathering and those that felt betrayed by its removal.

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“For over a decade, Target offered a range of products to celebrate the month of pride,” said Target in May 2023, on ABC messages. “Since the introduction of this year’s collection, we have experienced threats affecting the sense of security and well -being of our team during work. Considering these unstable circumstances, we introduce corrections of our plans, including removal of elements that were in the center of the most important confrontational behavior. Currently, we focus on dealing with our constant commitment to the LGBTQia+ community and standing with them when we celebrate the month of pride and all year round. “

Despite public statements, investors claim that the choice led to a major decrease in shares and this purpose didn’t reveal the slack, which caused a decrease within the 22% Target share price on November 20, 2024, by breaking around USD 15.7 billion out there value.

The lawsuit appears among the many wider corporate retreat from Dei’s obligations. At the start of this 12 months, the major brands – including Walmart, Meta and McDonald’s – change Dei’s efforts after political control, especially from conservative circles. Now that investors are pushing one another, the longer term of Dei corporate strategies stays uncertain.

A growing list of companies that have stopped or got involved in diversity strategies and inclusion strategies

(Tagstranslat) goal

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This article was originally published on : thegrio.com
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86% of Black Americans are worried about tariffs this year – they will raise consumer prices –

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California, High Schools, Fourth of July, raise money, grants, Businesswomen, Financial Literacy, broke


The latest report shows that 86% of Black Americans are convinced that this year’s tariffs will raise consumers.

This possibility, resulting from the proposed President Trump, has already caused that many have modified their shopping habits.

Discoveries suggest that folks inflicted on fears about the potential harmful influence of tariffs on their wallets. On February 4, China imposed 10% to fifteen% on American goods after America imposed a ten% tariff on Chinese goods. Trump delayed 25% of the tariffs, which previously announced products from Canada and Mexico for month.

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Questionnaire 1 007 Last month, Americans were conducted on how tariffs can affect their purchasing habits, plans and bank accounts. It was commissioned by the vendor of production equipment for the position and made by Digital Third Coast, a digital digital marketing agency based in Chicago, which provided arrangements for 269 black surveyed.

The data has shown that 78% of black plans to vary the shopping method on account of potential tariffs. Seventy -seven percent are worried about how the tariff plan will financially affect them, and 76% claims that the threat of tariffs will increase prices. Fifteen percent began to wire positions in response to the expected tariffs.

In general, the study showed that 64% of respondents plan to scale back meals and regularly. Although most individuals need to support domestic products, 68% cite higher costs because the foremost barrier to the acquisition of goods produced by American.

The evaluation also showed that 68% of Black Americans claim that tariffs may also help revive American production, which is 11% of GDP. Currently, 78% of black claims that purchasing American goods is vital to them.

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In general, it was reported that the proposed tariffs for Canada, Mexico and China can increase costs by over USD 800 for every household this year. Observers also say that tariffs can raise prices, including in homes, cars, electronics, foodstuffs and gasoline.

Allison Hadley, an auction spokesman, told about some of the apparitions that got here out of the survey.

“We conducted this survey on January 10 and I think it is significant that even then more than two in the Three Americans believe that generally the tariffs will affect them negatively, and a similar amount already changes their shopping habits.”

She added: “Not only this, but 12% of Americans were the collection of items that they think will affect the tariffs. It seems that people are very worried about the economic fall from these tariffs. “

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(Tagstranslata) Consumer prices

This article was originally published on : www.blackenterprise.com
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A black woman runs $ 4.9 million in USD People Mover Project

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Meet Jessica English, Capital Construction Project Manager supervising the Detroit People People alternative project, which has a mission to extend gender diversity in construction.

Before this project, English had a mark as a manager for constructing facilities in the town of Detroit. Naturally, she attracted the development and infrastructure industry dominated by men, growing up, watching her father working in the sector.

“Growing up, instead of being in care after school, my dad took me to jobs with him, and from there I would be in trailers about work and read plans with him”, English he said . “So this field was very interesting. I thought that growing up, that I would just be an architect. “

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English entered College with strong determination that the industry was more integrative for ladies. She attended Bowling Green State University, where she founded Purple Hard Hats, a student organization dedicated to supporting women in construction.

“I was the only African American and the only woman in my graduate class about 40 people,” says English.

“I founded a community of girls who met and helped each other in tutoring. From there I came up with the idea from the program in which I was at the President’s Leadership Academy. I am very proud of it. They are still active to this day and I have not been in college for about 10 years. “

Now English uses her six years of experience, a master’s degree and a passion for consulting, constructing higher Detroit. Thanks to her work, she is involved in improving local life due to wiser management of construction based on community.

English, a proud member of Delta Sigma Theta Sorority, Inc., Detroit Young Professionals and the National Association of Women in Construction (Naval), plays a key role in Detroit People Mover design. As a black woman’s leader, her presence is a strong example of what is feasible when women are included in the development and development of infrastructure.

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“The element I bring to people is standardization,” said English. “Going forward, I will bring standardization that makes it easier for customers to find and drive. I can’t wait to make small retouching. Nothing is official yet, but I am excited about 2025. “

Her success in maintaining this necessary project in terms of schedule and as a part of the budget emphasizes the worth of varied perspectives in solving complex challenges. It also helps that he has allies.

“I do not have my set projects yet, but I will say that I am excited, that my GM, Robert Kramer, is open,” said English.

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(Tagstranslate) Jessica English

This article was originally published on : www.blackenterprise.com
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