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BET Founder Bob Johnson Wants To Give Black Businesses More Capital

BET Founder Robert Johnson (Image: Tweitter/@realDailyWire) BET and RLJ Cos. founder Robert Johnson has proposed a program that will revolutionize the way Black businesses gain access to capital. The Better Opportunity and Outcomes for Socially Disadvantaged Talent (BOOST) Act was created in the 1970s to increase minority ownership of media properties. Johnson believes if the BOOST Act was enacted by Congress, it would help elevate Black businesses. “The biggest challenge to racial equality in our nation is the glaring wealth chasm between Black and white American families,” said Johnson in a press release. “To close that gap, there must be a commitment to finding a workable solution to the lack of capital in the Black community. The BOOST Act, if enacted by Congress through tax legislation and embraced by investors, would elevate Black and minority businesses into the wealth-building and wealth-accumulation economic system that is the principal driver of economic opportu

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