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A Black-led development is underway to revolutionize the Crenshaw, LA. Los Angeles Times reports that siblings Jamial Clark and Bridgette Reed are guiding a $24 million project. They secured the land from their parents, Henry and Lucretia Clark, who originally purchased it in 1995. Lucretia owned a hair salon , and the couple also rented out their building. This led to the establishment of a wig shop, shoe repair shop, frame shop, and a social services provider. The building had been a staple in the community, and now the siblings are looking to build on its legacy with new plans. “I invested over $100,000 of my money just to keep things going and to keep bills paid and the mortgage paid, ” Jamial told the outlet. “ Selling was never going to be an option, even though we got to a point where we had to think about it .” The land, situated at the corner of Crenshaw Boulevard and 54th Street, will be developed into a six-story apartment building with 48 units, with plans to include...
A Black-owned development group has acquired the Oakland Coliseum in Oakland, CA. According to a report by SFist, the African American Sports & Entertainment Group (AASEG) has acquired full ownership of the property after a purchase was finalized with its previous owners. Half of the Oakland Coliseum had been previously owned by Alameda County while the City of Oakland maintained the other half. The A’s, an Oakland MLB team purchased Alameda County’s stake in 2019 with the intention of trying to stay in the city. However, the franchise is planning to transition to Las Vegas, NV, and was looking to sell. Already, the City of Oakland sold its shares to the AASEG earlier in 2024. Now, the A’s organization has also agreed to sell its half to the group for a reported $125 million, SFist reports. The deal will additionally include the Oakland Arena and the land that exists between the two entities. “We are pleased to have reached an agreement with the African American Sports &...
Power company Entergy has announced a new multi-million commitment to advance Historically Black Colleges and Universities (HBCUs). According to a news release, Entergy plans to deploy $20 million to HBCUs over 10 years. The funding will impact students in Arkansas, Louisiana, Mississippi, and Texas and is intended to support them through education, academic scholarships, career readiness, internships, and workforce development programs. Specific plans include $5,000 in scholarships granted to 20 “high-achieving” students over the next 10 years and an annual grant program to support facility improvements, research, and endowments across HBCUs located in the states where Entergy provides service. HBCU students will also have access to employment opportunities, including 10 internships each year and college recruitment events. “With roots in our service area for more than 100 years, what matters to our neighbors and our communities matters to us,” said Drew Marsh, Entergy’s chair and...
In a world that’s been evolving constantly in the digital realm for as long as most of us can remember, it’s hard to deny the negative impacts smartphones and social media have on our attention span. Users can hardly sit through a 60-second TikTok video , let alone a 20-minute training course for work. Rather than allowing weaponized incompetence and distractibility to seize the day, app developers have been working tirelessly on creating platforms that make retaining knowledge fun and easy again. They’ve dubbed this trend “microlearning,” and while it could simply be a fad, there are clear benefits to challenging your mind in a bite-sized way. What Is Microlearning? Photo by LinkedIn Sales Solutions/Unsplash The concept of microlearning is based on the forgetting curve , which comes from Hermann Ebbinghaus. His research demonstrates that “when people take in large amounts of information, retention of what was learned tends to degrade over time.” More specifically, they reportedly...
Jemal King is holding on to his commitment to provide financial security to his family. WLS-7 in Chicago, IL, reports King once desired to play in the NFL. However, the goal never materialized, and he chose to become a police officer instead. “I said to myself that just because I didn’t make it to the NFL did not mean that the vision and the dream I had, taking care of my family, that didn’t have to stop,” King told WLS-7. While maintaining his 9-5 job as an officer, King decided to venture into the real estate industry. He saw great success and came to be known as the “9-to-5 millionaire” the outlet notes. King is also part of a real estate group that includes Mark Beaufort, Damen Stuart, Gerald Williams and Johnny Mullins. The five men started the group called “Model of Transformation,” which is behind a $40 million high-rise building that will honor Black American culture. The 17-story development project named “The Xchange” will be located at 72nd Street and Exchange Avenue in...
Nas’ multimedia company is entangled in a lawsuit. On Oct. 17, 2023, Mass Appeal was sued by Melissa Cooper, the company’s former head of development, according to The Hollywood Reporter. The lawsuit, which was filed in Manhattan, NY, claims that the white executive faced racial discrimination including “venomous and racist comments about ‘White folk’ and ‘crackers.’” Following the alleged discriminatory comments, Cooper was fired from Mass Appeal in June 2023.
AFROTECH Executive is back! On Sept. 22, AFROTECH Executive is taking place in Brooklyn, NY, at The William Vale. During the final stop of 2023 for the multi-city series, attendees will have the opportunity to network and collaborate with some of today’s industry leaders and executives. View this post on Instagram A post shared by AFROTECH (@afro.tech) Focused on wealth, finance, and innovation, the event is set to hold conversation-starting discussions including a fireside chat with Abim Kolawole, chief audit executive at Northwestern Mutual, moderated by Dennis Cail, founder and CEO of Zirtue, about corporate’s responsibility in closing the wealth gap. In addition, there will be a chat between Wemimo Abbey, co-founder and co-CEO of Esusu, and Ollen Douglass, CEO of Hanover Street Advisors, on investment in fintech. To close the event out, there will be a networking reception presented by Remitly. Grab your tickets here. Ahead of the event, AFROTECH wanted to highlight Black...