Tag: Business

How Can Corporations Better Support Black-Owned Businesses?

August 1 marked the start of Black Business Month, which is a month dedicated to celebrating, appreciating and supporting Black-owned businesses across the United States. The month of observance was created in 2004 by entrepreneurs John William Templeton and Frederick E. Jordan who understood the importance of Black-owned businesses to…

The Importance of Business-Community Partnerships

Businesses increasingly play a key role in building stronger communities. It’s something that people in the past few years have come to expect. It’s created not only a way to improve local communities, but also boost an organization’s employee morale, loyalty and brand reputation. One of the main ways businesses…

multi race business woman

New Report Shows Significant Increase in Female and Black Representation in the Executive Boardroom

Diversity and inclusion appear to be successfully increasing among America’s largest and most successful companies. The finding comes from a new report conducted by executive recruiting firm Crist Kolder Associates as part of its review of DEI representation in executive offices. Ariel Zilber of the New York Post reported that…

Taco Bell

Taco Bell Creates Business School To Help Underrepresented Groups Become Franchise Owners

Taco Bell and the popular fast-food chain’s owner Yum! Brands have entered the DEI arena with a new business school designed to help people of all backgrounds — and people of color in particular — advance into restaurant ownership. Jonathan Maze of Restaurant Business reported that “a select group of…

Navient Corporation

Navient Agrees to $1.7-Billion Settlement for Abusive Lending Practices Impacting Thousands of US College Students

The price of a college education continues to be a stumbling block to many across the country. According to the Education Data Initiative, an estimated 43.2 million individuals are currently paying off loans with an average value of more than $39,000. Of that group, Black students and college graduates are…

Choose Chicago and United Airlines

United Airlines and ‘Choose Chicago’ Announce New Equity, Diversity and Inclusion Apprenticeship

Diversity in the travel and hospitality industries continues to be an area where much change is needed. In a 2020 survey conducted by Travel Weekly, 17% of whites and 61% of people of color reported that the fields are not diverse or inclusive enough and require serious reform and improvements….