Black women s wealth is 90% lower than White men Goldman Sachs is investing billions to change that kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.
In their first television interview with "CBS This Morning," Goldman Sachs Chairman and CEO David Solomon and Margaret Anadu, head of the Urban Investment Group, unveil a new $10 billion investment plan called "One Million Black Women." They will also discuss getting the economy back on track during the coronavirus pandemic.
In 1962, Malcolm X said, “The most neglected person in America is the Black woman.” Now, almost 60 years later that statement unfortunately still rings true for millions of Black women across the country. Despite being the fastest-growing group of entrepreneurs in the U.S., more educated than any other group by percentage of degrees earned, 81 percent of the breadwinners driving their families’ economic security and the community leaders working for justice at the intersection of racism and sexism, Black women have not been commensurately acknowledged, appreciated or rewarded for their contributions. Still today, for example, despite their achievements, Black women make 63 cents for every dollar paid to White, non-Hispanic men.
Black-Owned ‘Climate Tech’ Startup Making Inner Cities Greener Raises $63 Million
A Black-owned climate technology startup is making waves in the industry, and investors are taking notice. BlocPower just raised $63 million to fund its work transforming old buildings into smarter, greener facilities with electric heating and cooling systems to save amounts of energy.
Donnel Baird (Credit: BlocPower.io)
In a Series A round, BlocPower raisedthe $63 million ($55 million debt and $8 million equity) from American Family Insurance Institute for Corporate and Social Impact, AccelR8 and The Goldman Sachs Urban Investment Group. CityRock Venture Partners, ElementalExcelerator, Kapor Capital, Salesforce Ventures and The Schmidt Family Foundation also participated in the funding round.