Plus, LA Clippers owners Steve and Connie Ballmer Commit $425 million for children’s behavioral and mental health, and three other universities and Mercy Ships all land big gifts.
Camping World CEO Marcus Lemonis, a Marquette University alumnus and star of “The Renovator” on HGTV and “The Profit” on CNBC, and his wife, Bobbi, are donating $15 million to the university to create the Lemonis Center for Student Success on the MU campus.
Published January 12, 2021 •
Updated on January 12, 2021 at 9:21 am
@criene via Twenty20
Only 4.3% of America s 22.2 million business owners are Black, according to a February report by the Brookings Institute. And Black-owned businesses launch with about a third less capital than their White peers and have difficulties raising private investments from mainstream investment systems, reported Brookings. While 7% of White business owners get a loan in their first year of business, only 1% of Black business owners do so.
Amid the Covid-19 pandemic, Black-owned businesses have also been hit the hardest. According to a recent analysis by the Federal Reserve Bank of New York, Black firms have been almost twice as likely to shutter as firms overall. And just 20% of the Paycheck Protection Program (PPP) loans went to areas that had the highest concentration of Black-owned businesses, the Fed found.
The New Journal and Guide
HAMPTON ROADS Area churches of various denominations have volunteered to work with Eddie’s Crabhouse of Chesapeake to distribute 2,000 free meals to the food insecure. The distribution dates are December 12 and 13. Eddies’ Chesapeake Bay is owned by Sharon Clayton-Johnson and was selected to participate in the meals program by the TV show “The Profit”.The show’s founder, Marcus Lemonis, organized the program with atwo-fold mission: to challenge Americans to give back to local restaurants and to help those that are insecure during this holiday season. Johnson-Clayton and Eddie’s Chesapeake Bay Crabhouse are one of many Black-owned restaurants and locally owned restaurants that have been hit hard this year with decreased sales and profits due to restrictions and COVID-19. Along with her son Eddie, the restaurant’s namesake, Johnson-Clayton will be working hard to deliver over 2000 hot meals to those that are food insecure.