Startup investing has a race problem. Here’s why Black-owned tech hubs are key to closing the racial wealth gap

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The CEO of Village Capital argues that these key tech hubs are not getting the resources they need. But there are two simple ways for anyone to help them get what they need. The Inclusive Innovation Incubator (In3) sits on the edge of Howard University in Washington, D.C. It’s a coworking space and incubator for Black and under-resourced founders, in a city struggling with a deep racial wealth gap. Yet, like so many Black-owned innovation spaces hubs around the country, it’s struggling to raise the funds to just keep the doors open. Read Full Story

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This D.C. real estate company is helping Black and Brown residents buy homes

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Offering down payment assistance, the company hopes to lower the home ownership gap in the city, and open up the housing market to people who have historically been shut out. In Washington, D.C., about 50% of Black households own their homes, and while that’s a few percentage points higher than the national average, it’s still far below the rate for white D.C. households, of which 70% are homeowners. This gap in homeownership has roots in decades-old discriminatory housing policies , and continues to exacerbate the racial wealth gap, leaving Black families behind when it comes to generational wealth building that can come from owning property. Read Full Story

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For Black entrepreneurs, the racial wealth gap makes finding funding nearly impossible

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The first step toward solving venture capital’s diversity problem is investing in minority founders. In 2016, the Center for Global Policy Solutions reported that due to discriminatory financing practices and a bias towards companies primarily operated by white males, America is losing out on over 1.1 million minority-owned businesses. As a result, the economy is foregoing over nine million potential jobs and $300 billion in collective national income. Four years later, the problem still persists—and then some. Read Full Story

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This tool shows where racial equity is lagging in 100 U.S. cities

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Creators of the Racial Equity Index hope the data tool has launched at the right moment to spur policy to fix racial economic disparities. Minneapolis-St. Paul, the center of the reigniting of the Black Lives Matter movement, has one of the highest rates of prosperity in the United States, ranked sixth among its 150 metropolitan-area peers. But it ranks 149th in terms of racial inclusion, indicating one of the worst racial wealth disparity gaps in the country. Read Full Story

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Diversity and Inclusion in SEO: BIPOC and LGBTQ+ SEOs Share Their Experiences

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Posted by NicoleDeLeon People around the world are having important discussions about systemic racism, overt and covert bias, and how we can all do better. Understanding the problem is the first step. To get a sense of conditions within the SEO community, we asked people to take our Diversity and Inclusion in SEO survey as part of our ongoing project to study the state of SEO . Due to the subject matter and the way we reached out, our respondents were not a snapshot of the industry as a whole. We were very pleased to have 326 SEOs complete the survey, including a significant number of female, BIPOC, and LGBTQ+ participants. These are important voices that need to be heard, but as we analyzed the data, we were careful not to generalize the industry as a whole without accounting for potential sampling bias. We addressed this by looking at groups …

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Racist policies have kept Black Americans from owning homes. A new program wants to fix that

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NYC’s Black Homeownership Project will make it easier for Black households to get financing. America has a homeownership imbalance. Nationwide, 74% of white households own their homes . For Black households that number is far lower, just 44% . Racist lending policies such as redlining and a lack of generational wealth and buying power have long hindered Black households when it comes to buying a home. Read Full Story

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Key Insights: Holiday sales predictions, milestone dates, and consumer online shopping challenges

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30-second summary: Holiday sales are projected to smash records with a total $189 billion reaching a 2X growth. Black Friday sales are expected to reach $10 billion. Shopping with many online retailers is a limbo for consumers. 42% of consumers did not complete a transaction and 52% of consumers were quick to buy from your competitors. With many walk-in retailers being closed on Thanksgiving, there’s room for online sales to see an additional $11 billion online spend bonus. Unlock your opportunities, discover the milestone dates where holiday sales will skyrocket and the pressing concerns that you need to tackle. Winter’s here, shopping’s near, but online experiences aren’t very dear. Even though holiday sales are projected to cross $189 billion, online retailers are far from home in the shopping experience department. This week we walk you through the predictions, milestone dates, customers’ shopping challenges, and the factors that can bridge that …

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This startup gives renters a financial stake in their apartments

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The average young person will spend more than $200,000 on rent, without the benefits of owning property. Now, Rhove reimagines renters as stakeholders to help them build wealth. When someone rents an apartment in a new complex in Columbus, Ohio, they can now also get a financial stake in the building. The property is the first to partner with Rhove , a startup that wants to help shrink the wealth gap between renters and homeowners by offering “rentership,” an asset that grows with the value of the property. Read Full Story

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The pandemic made the racial wealth gap worse: These 8 policies could fix it

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From postal banking to Medicare for All to baby bonds, this series of proposals to build our way out of the recession would also help build generational wealth in communities that have been shut out of opportunities. Three months in to the coronavirus shutdowns, American billionaires have gotten more than $500 billion richer while more than 45 million Americans lost their jobs. But within that jarring inequality nests other, deeper inequalities: COVID-19 has not only hit Black and brown Americans harder when it comes to their health, it’s also worsened already-existing financial disparities. Read Full Story

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The 10 Biggest Trends in Entrepreneurship to Look For in 2021

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Ever wish you could predict the future? Me too. If only you could predict what’s shaping business trends, or what your clients need, you could plan and grow your company, right? Well, there’s good news. While we don’t have a crystal ball, it’s entirely possible to gain a little insight into how the market is evolving and how the changes affect your long-term business planning. The more you know about market trends, the better you can leverage them to your advantage and get a head start on your competition. Remember, entrepreneurship is all about investing in your long-term success. Sure, there’s value in studying short-term data for day-to-day business planning, but don’t neglect your trend forecasting. Here are the ten key trends influencing entrepreneurs this year and beyond. Current 2021 Trends in Entrepreneurship Entrepreneurship is constantly changing gears, and technology is central to much of this accelerated growth. Briefly, here’s …

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