Exploring Racial Justice with the Scaling Minority Businesses Course - MBA hbs.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hbs.edu Daily Mail and Mail on Sunday newspapers.
This year, HBS piloted its first student-run Impact Investing Fund, focused on investing in BIPOC-led and owned small businesses in the Massachusetts area. Since launching, the fund has raised $200k, completed diligence on eight businesses, and is in the process of executing its first investment.
Small businesses are a major growth lever for wealth creation and employment in the United States. Yet, many BIPOC-led and owned businesses currently face systemic barriers to raising capital, including difficulty accessing loans, and lack of access to friends and family equity given the history of racial disparities in the US.
Racial injustice has historically presented itself in many forms including practices such as slavery, redlining, white-only or white-preferred employment quotas and has led to stark economic inequity and disparities by race. Massachusetts is no exception. The Federal Reserve Bank of Boston found the average net worth of a white family was $250,000, compared with $
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Today, we commemorate the 75th anniversary of the handshake of Youngstown native George Shuba with Jackie Robinson, a defining moment in civil rights and a consequential addition to Mahoning Valley history.
Rookie first basemen Jackie Robinson debuted for the Brooklyn Dodgers’ minor league affiliate Montreal Royals. He hit a three-run home run, and as he crossed home plate, Shuba instinctively raised his hand to congratulate him. The iconic scene will be captured in a statue of Shuba and Robinson in downtown Youngstown, to be dedicated in late summer.
George Shuba’s handshake was groundbreaking the first interracial handshake in professional baseball.