Karen Hunter, left, is presented a business award by Rev. Jesse L. Jackson Sr. and DiversityInc COO Carolynn L. Johnson / TYRONE RASHEED

Rainbow PUSH Summit Calls for Economic Empowerment, Equity in Corporate America

“We choose to come together each year and learn the science of capital,” said Rev. Jesse L. Jackson Sr. said at the Rainbow PUSH Coalition and Citizenship Education Fund’s 21st Annual Wall Street Project Economic Summit.

More than 1,000 people attended the two-day summit in New York City earlier this month. Jackson, founder and president, along with other thought-leaders from around the country discussed pertinent topics including women of color in business, the Black Wealth 2020 initiative and urban and rural job creation.

At the Business Awards luncheon in partnership with DiversityInc, New York City Mayor Bill de Blasio, who was honored, announced that three banks, including TD Bank (No. 38 on the DiversityInc Top 50 Companies list) have committed a total of $40 million toward city programs that help minority and women-owned business enterprises (M/WBEs) and small businesses to grow and sustain.

This funding builds on the city’s initial $20 million investment for this effort.

“Let’s acknowledge the facts in front of our face, when you invest in a M/WBE it is pure economic development because the money, the opportunity will reach people who are too often left out,” de Blasio said. “That’s what this is about.”

Other honorees included Carla Harris, vice chairman, managing director, and senior client advisory, Morgan Stanley, and Karen Hunter, Pulitzer Prize-winning journalist, author of eight New York Times bestsellers and radio host of the “Karen Hunter Show” on Sirius XM.

DiversityInc Chief Operating Officer Carolynn L. Johnson nominated Hunter for the award.

“Simply put, she is a powerhouse,” Johnson said at the luncheon.

Hunter was outraged when white supremacist Dylann Roof murdered nine African Americans at the Emanuel African Methodist Episcopal Church in Charleston, S.C., in 2015.

“She spearheaded a movement for the removal of the Confederate flag from the statehouse in South Carolina,” Johnson said. “In just three days, she secured more than 577,000 signatures on a petition leading to the flag coming down.”

It was announced at the conference that Rainbow PUSH Coalition’s partnership with 10 major technology firms in Silicon Valley has yielded $23 million in underwriting fees for minority, women and disabled veteran business enterprises (MWDVBE) in the financial sector.

Click here for report.

Scholarship Gala honorees included Mignon Clyburn, FCC Commissioner; Karen Weaver, mayor of Flint, Mich.; and Melvyn Rosenman Leventhal, Esq., civil rights attorney. Actor and comedian Orlando Jones (“American Gods,” “Sleepy Hollow”) hosted the gala and singers Audrey DuBois Harris and Avery Sunshine gave performances.

Read more news @ DiversityInc.com

Latest News

Southern Company Commits $700,000 To Advance Racial Equity and Social Justice for the AAPI Community

Originally published at southerncompany.mediaroom.com. Southern Company ranked No. 20 on The DiversityInc Top 50 Companies for Diversity list in 2021.   The Southern Company Gas Charitable Foundation is announcing plans to donate $700,000 across its service territories to charities in support of improving equity and social justice. On the six-month…

Newberg, Oregon

Oregon School Employee Suspended for Showing Up to Work in Blackface To Protest State Vaccination Policies

Racial controversies continue to mount at the Newberg Public School system located in the suburbs of Portland, Oregon. Last week, students in the district’s high school conducted a mock “slave auction” on social media in which they ridiculed fellow classmates and discussed how much they would or wouldn’t pay to…

Marriott International Reports on Its Environmental, Social and Governance (ESG) Progress

Originally published at news.marriott.com. Marriott International is a DiversityInc Hall of Fame company.   On Sept. 14, Marriott International, Inc. released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company’s 2025 Sustainability and Social Impact Goals. The Report…