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SHELBYVILLE, Tenn., June 1, 2021 /PRNewswire/ Today,
Uncle Nearest Premium Whiskey, the fastest-growing American whiskey brand in U.S. history and the most-awarded Bourbon of 2019 and 2020 worldwide, announced the formation of the Uncle Nearest Venture Fund. The $50 million fund was created specifically to invest in rapidly growing, minority-founded and owned spirit brands. According to Fawn Weaver, Uncle Nearest founder and CEO, it s by design that the timing of the announcement comes on the 100
th anniversary of the destruction of Black Wall Street.
Fawn Weaver, Uncle Nearest founder and CEO, and founder of the Uncle Nearest Venture Fund On June 1, 1921, an entire community of wealthy and successful African Americans was wiped out in a matter of hours. We are talking about 35 square blocks known as Black Wall Street, said Weaver. As an African American, learning about that history broke my heart because we, as a people, were really onto something in
Photo by Stacy Preston Photography, courtesy of Uncle Nearest
I don’t know who needs to hear this, but it’s time to add some new bottles to your bar cart. Or wherever you stash your booze. As a part of the fight to increase equity among Black-owned businesses and brands, it’s important to be intentional about buying Black. A common obstacle that many Black owners of spirits and wines face however is having their products accessible in physical and online stores.
Ashlee Tuck, cocktail enthusiast and founder of Will Drink For Travel curates information on Black businesses, including restaurants and spirits and has an expansive, growing list of Black-owned spirits. “As a part of my lifestyle, it s just important to support Black businesses across the board. And, since I love cocktails and spirits, it was just a natural fit for me.”