Diversity Management, News and Updates
Regulators at the federal and state levels are cracking down on lenders that have targeted small businesses with abusive, fraudulent and exploitative loans and collection tactics. As merchants saw revenues vanish as a result of COVID-19, these lenders continued collecting money and threatened to freeze the businesses’ assets, NBC News…
In an effort to help more nonwhite businesses get federal funding through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the National Minority Supplier Development Council, Inc. (NMSDC) Business Consortium Fund (BCF) and Midwest BankCentre teamed up to help certified Minority Business Enterprises access the federal emergency funds. Related Article:…
Media Mogul and comedian Byron Allen’s Entertainment Studios Networks sued Comcast Corporation for refusing to carry any of the networks his company owns. Tomorrow, the U.S. Supreme Court will hear an appeal by the Comcast Corporation. The Ninth Circuit Court of Appeals ruled in Allen’s favor, but Comcast (No. 6…
Contractors with white ancestry earned $311,000 two years ago — as a minority-owned company, the Los Angeles Times reports. When the St. Louis, Missouri mayor announced the contract the town made with a Native American-owned company to demolish an old shoe factory, the community welcomed it. The area was still…
ADP Buys Entire Sales Fleet from Minority-Owned Dealerships In keeping with its goal to increase engagement with certified diverse suppliers, all of the vehicles used by ADP’s sales team, a total of 357, were purchased from minority-owned dealerships in 2016. ADP is No. 21 on the 2016 DiversityInc Top 50…