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Business & Innovation

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https://www.nationalblackbrewersassociation.org/state-of-the-black-brewer-2024

Business & Innovation

Black-owned breweries show resilience amid hurdles, study shows

According to the National Black Brewers Association's (NB2A) 2024 State of Black Brewers report, Black-owned breweries remain significantly underrepresented in the U.S. brewing landscape. Out of 9,761 total breweries in the country, only 86 are Black-owned, comprising less than 1% of all U.S. breweries. Even more notable, just 12 Black-owned breweries operate their own production facilities, representing a mere 0.01% of breweries nationwide. Despite these low numbers, Black-owned breweries are […]

todayJuly 12, 2024

# Tractor Supply Company Faces Criticism Over Policy Changes Tractor Supply Company, a prominent farm-supply retailer, has recently announced significant changes to its corporate policies, prompting a response from the National Black Farmers Association (NBFA). The company's decision to eliminate diversity-focused positions and withdraw its carbon-emissions goals has drawn attention from various stakeholders. On June 27, 2024, Tractor Supply stated its intention to refocus on its "85-year-old culture" and distance itself from what it termed "political agendas." This shift in direction includes the removal of certain diversity-oriented roles within the company and the abandonment of previously established environmental targets. John Boyd, President of the NBFA, has expressed concern over these policy changes. The NBFA, which represents a substantial number of African American farmers across the United States, views this development as potentially detrimental to its members' interests. Boyd, who is both a shareholder and customer of Tractor Supply, has called for the resignation of company President Hal Lawton in response to these actions. The retailer's February annual report had highlighted its commitment to diversity, equity, and inclusion, noting that its workforce was composed of approximately 51% male and 49% female employees, with racial and ethnic minorities making up about 18% of the total. The company had also set ambitious environmental goals, including plans to reduce its carbon footprint by 20% by 2025 and achieve net-zero emissions across all operations by 2040. Boyd has pointed out that Tractor Supply has not participated in events or provided sponsorship opportunities specifically for black farmers, while continuing to engage with predominantly white farming events. The NBFA contends that this approach does not align with the company's previously stated diversity objectives. The controversy highlights ongoing discussions about corporate responsibility, diversity in the agricultural sector, and the balance between business objectives and social commitments. As the situation develops, it remains to be seen how Tractor Supply will address the concerns raised by the NBFA and other stakeholders. Tractor Supply maintains that its recent decisions do not alter its commitment to providing a welcoming environment for customers and team members. However, the company's policy changes have sparked a broader conversation about the role of diversity and environmental initiatives in the farm supply industry.

Business & Innovation

National Black Farmers Association challenges Tractor Supply’s diversity rollback

Tennessee-based Tractor Supply says it will cut diversity-focused positions and withdraw its carbon-emissions goals in a response to right-wing pressure. (Katherine Frey/The Washington Post) Tractor Supply Company, a prominent farm-supply retailer, has recently announced significant changes to its corporate policies, prompting a response from the National Black Farmers Association (NBFA). The company's decision to eliminate diversity-focused positions and withdraw its carbon-emissions goals has drawn attention from various stakeholders. On June […]

todayJuly 9, 2024 2

Milwaukee's RootedMKE advances in Pharrell's Black Ambition Prize

Business & Innovation

Milwaukee’s Rooted MKE advances in Pharrell’s Black Ambition Prize

Rooted MKE owner and founder Ashley Valentine Pharrell's Black Ambition Prize, a non-profit initiative supporting Black and Hispanic entrepreneurs, has announced its 2024 Black Ambition Prize Competition semifinalists. Milwaukee's Rooted MKE was among the 250 exceptional entrepreneurs selected. Rooted MKE, a Black-owned children's bookstore and makerspace founded by Ashley Valentine, has been recognized for its innovative approach to creating a literacy destination for Black, Indigenous, and People of Color (BIPOC) […]

todayJune 26, 2024

Stanford and Code.org Launch AI Tool for CS Educators

Business & Innovation

Stanford and Code.org launch an AI teaching assistant

Photo by Desola Lanre-Ologun on Unsplash In a significant advancement for computer science education, Code.org has joined forces with Stanford University's Piech Lab to unveil an AI Teaching Assistant. This innovative tool represents a new era in computer science instruction. It is designed to empower educators as they prepare students with the fundamental skills necessary to thrive in an AI-driven world. By leveraging intelligent technology, the AI Teaching Assistant aims […]

todayJune 26, 2024

HYFIN & Operation HOPE Unite to Boost Milwaukee Black Businesses

Business & Innovation

HYFIN & Operation HOPE Unite to Boost Milwaukee Black Businesses

Photo from HYFIN's Inaugural E-Commerce Summit for Black Entrepreneurs HYFIN, a Milwaukee-based media platform, has announced a new partnership with Operation HOPE to support One Million Black Businesses Initiative (1MBB). This collaboration aims to establish 100 new Black-owned businesses in Milwaukee by 2030. As the first Wisconsin partner for 1MBB, HYFIN plans to offer support through various programs, including an E-Commerce Summit and the 'Blackity Black Holiday Market.' These initiatives […]

todayJune 26, 2024

Google Funds 20 Black & Latino-Led AI Startups to Bridge Tech Gap

Business & Innovation

Google funds 20 Black & Latino-Led AI startups

Manny Smith. Founder & CEO of EdVisorly Google Research has announced funding for 20 startups through its Google for Startups Founders Funds program. This initiative aims to support Black and Latino-led companies using artificial intelligence (AI) to address real-world challenges. It comes at a crucial time when concerns about the economic implications of the AI divide are growing. The announcement comes amid significant economic projections and concerns about racial disparities […]

todayJune 26, 2024 2 2

Fearless Fund's Ayana Parsons Steps Down

Business & Innovation

Fearless Fund’s Ayana Parsons Steps Down

The legal ruling sets a precedent that is not good for the future of Black startups On Monday, Ayana Parsons stepped down from her roles as General Partner and Chief Operating Officer of the Fearless Fund in a significant shift within the entrepreneurial and venture capital landscape. This decision comes after nearly five years of unwavering dedication to the fund, known for its commitment to empowering women of color in […]

todayJune 25, 2024

McDonald’s USA unveils a transformative initiative to support emerging Black fashion designers with mentorship, resources, and a $200,000 grant, fostering inclusivity and innovation in the fashion industry.

Business & Innovation

McDonald’s Announces $200K Fund for Black Fashion Designers

McDonald’s USA unveils a transformative initiative to support emerging Black fashion designers with mentorship, resources, and a $200,000 grant, fostering inclusivity and innovation in the fashion industry. McDonald’s USA proudly introduces the Black & Positively Golden (B&PG) Change of Fashion program, a groundbreaking initiative aimed at uplifting emerging Black fashion designers. This program seeks to provide these designers with essential mentorship, resources, and financial support to significantly enhance their career […]

todayJune 25, 2024 1

Nipsey Hussle business grant $100K pitch contest announced

Business & Innovation

Nipsey Hussle business grant $100K pitch contest announced

In an enduring testament to his legacy, Nipsey Hussle is posthumously contributing to entrepreneurial growth through the Nipsey Hussle Business Grant: $100,000 Invest Fest Pitch Competition. Partnered with Earn Your Leisure (EYL), this initiative will debut at the third annual Invest Fest, a pivotal event for entrepreneurs and business aficionados. Nipsey Hussle: A Legacy of Empowerment Born Ermias Joseph Asghedom, Nipsey Hussle was a renowned rapper, entrepreneur, and community activist […]

todayJune 12, 2024 1

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