NAACP reposted this
The NAACP launched a $200 million Capital Fund to support Black businesses, aiming to close the racial wealth gap and address the funding barriers Black entrepreneurs face. This initiative, part of a broader reparative economic justice effort, will provide capital, mentorship, and resources to foster sustainable growth for Black-owned businesses. NAACP President Derrick Johnson emphasizes that impact investing can reshape the economy, benefiting both Black entrepreneurs and the broader U.S. economy. https://lnkd.in/gdX3d3rx