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We hope you had a safe July 4th holiday and are feeling reinvigorated to change the world!
There’s a reason someone coined the phrase “a crisis is a terrible thing to waste.” As Jean Case explores in her book, Be Fearless, previous crises have shown that times of crisis are also opportunities to break down old ways of doing and thinking and can lead to some of our most impactful innovations.
As our communities grapple with both a public health and a racial justice crisis and we continue to be overwhelmed with bad news, leaders in both the private and public sectors have stepped up and acted with urgency and it is important to highlight the role leadership can play in a time of crisis. Robert Smith announced a bold plan to funnel billions into Black-owned businesses. The Robin Hood Foundation launched a new initiative providing grants to nonprofits run only by people of color. Netflix is rethinking the way they invest, driving $100 million to Black-owned banks. In the Fearless Feature section below, you’ll see 50 businesses recognized for their response to COVID-19.
We hope more individuals and organizations will continue to step up to meet the urgency of the situation. Feel free to send us any stellar stories you’ve seen!
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| Newsweek spotlights firms and people who stand out for the size, scope or uniqueness of their efforts to combat COVID-19. Check them out! |
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| Incentivizing Better Racial Relationships |
| Mellody Hobson, co-CEO and president of Ariel Investments firm, sits down with Chief Investment Officer magazine for an in-depth interview on what can be done to increase diversity within the investment industry. |
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| How to Tell Green Good Deeds From Greenwashing |
| Sometimes it can be hard to figure out what’s moving the needle and what’s “greenwashing.” Bloomberg Green compiled some questions that can help you sort through what’s meaningful and what’s not. |
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| INCLUSIVE ENTREPRENEURSHIP |
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| Black Entrepreneurs Matter |
| SoGal Foundation is partnering with bluemercury, twelveNYC, Winky Lux, Lively and more brands to offer $10K and $5K cash grants to Black women and Black nonbinary entrepreneurs. |
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| Venture Funding Remains Elusive for Black Entrepreneurs |
| However, some VC leaders are feeling “pragmatically optimistic.” Last month, Base10 Partners, the world’s largest Black-led venture capital firm, said it raised $250 million to invest in startups and back a handful of initiatives designed to diversify the mostly white industry. The firm’s second fund is nearly twice the size of its previous one. |
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| The Corporate Social Mind Report |
| A new report examines the public’s expectations of business in a new era created by the pandemic and intense focus on racial equity, how companies should approach the development of goods and services in the face of these expectations, and how a social mindset should be woven throughout every company. |
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