2023 Black Men XCEL Summit Honorees Offer Insights And Guidance For Black Entrepreneurs
Black entrepreneurs from multiple industries gained inspiration, guidance, and hope from influencial award honorees at this year's summit.
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Tracking Minority Contracting
All told, the agencies allocated nearly $700 million in providing new contracts to minority and women firms in 2011 out of a total of about $3.8 billion spent with all contractors. The FDIC by far invested the most at $416.5 million, representing 29.8% of the $1.4 billion total contracts awarded. The U.S. Department of the Treasury spent $50 million with minority-owned businesses, 20% of total contracts with more than half awarded to black-owned firms and $26 million with women-owned firms, in fiscal year 2011. The Office of the Comptroller of the Currency dispensed more than a combined $66 million to both groups, or 38.4% of OCC’s total spend.
Democratic Senators Introduce Bill to Protect Minority Businesses Amid COVID
The Minority Business Resiliency Act would expand the MBDA's scope and provide more resources and funding to invest in minority businesses.
BE Modern Man: Meet ‘Mr. Black Male Achievement’ Zach Rinkins
Meet Zach Rinkins, part of the BE Modern Man 2018 cohort. Rinkins has served as a university administrator, a juvenile crime diversion program manager, and a volunteer for a youth entrepreneurship program.
Are Brands Capitalizing on #BlackLivesMatter? Black Influencers Weigh In
Black influencers are hopeful but cautious about the recent outpouring of support from corporate brands. Learn more about what's driving their concerns.