Study estimates unequal AI displacement and adoption could place approximately $60 billion a year of Black economic activity at risk; next presentation scheduled for September 24 at the TAAACC Annual Conference. The study also introduces a Black AI Wealth Index, designed to illustrate how existing differences in household wealth, equity ownership, business ownership and access […]
Author: minoritybank
Mamacaredc.com
Maternal Health — Mama Care DC Resources Mama Care DC https://mamacaredc.com/ is a Washington, DC-based initiative that aims to improve health, safety, access to care, and quality of life for Black mothers. The platform addresses persistent racial disparities and connects pregnant and postpartum women with healthcare information, transportation, nutrition, behavioral health, community services, and advocacy. […]
Groundbreaking Optus–M&F merger creates the largest Black-owned bank
The announced merger between Optus Financial, M&F Bancorp marks one of the most significant developments in minority banking in decades. Announced on July 22, 2026, the transaction exceeds $105 million. It will create the largest Black-owned bank in the United States. The bank will have approximately $1.27 billion in assets, subject to regulatory and shareholder […]
The Economist’s Global General Counsel Summits
We are proud to serve as a Supporting Organization for The Economist’s 2026 General Counsel Summit series, bringing together leading general counsel, chief legal officers, corporate executives, and legal innovators from around the world. General Counsel Summit USSeptember 15, 2026 | New York City. Explore how legal leaders are responding to an increasingly unpredictable legal and business […]
June 2026 Employment: Looks Better. The Market Does Not.
The June 2026 Employment Situation Report presents a familiar challenge for policymakers and investors: a lower unemployment rate that masks a weakening labor market. While the official unemployment rate declined to 4.2%, the underlying data point to slowing employment growth, declining labor force participation, and persistent racial disparities that continue to place Black workers and minority-owned […]
GDP and Economic Growth in 2024: Assessing the Impact on Black-Owned and Minority-Owned Businesses
The U.S. economy experienced a 2.3% annual growth rate in the fourth quarter of 2024, culminating in a 2.8% expansion for the entire year. This growth was primarily driven by robust consumer spending and increased government expenditures. See: https://www.impactinvesting.online/2025/01/economic-growth-in-2024-assessing.html
Trump’s Tariffs: A Heavy Blow to Black and Minority-Owned Businesses
The impact of Trump’s proposed tariffs on Black and minority-owned businesses could be significant and largely negative, given their reliance on cost-effective supply chains, imported goods, and price-sensitive consumers. Here’s a breakdown of how these tariffs might affect minority businesses: https://www.impactinvesting.online/2025/02/trumps-tariffs-heavy-blow-to-black-and.html
December, 2024 Employment: Persistent Disparities.
McDonald’s cools on DEI, shifts to ‘global inclusion’
The shift in strategy comes as a result of work done last year, McDonald’s said, including a “comprehensive Civil Rights Audit.”https://www.esgdive.com/news/mcdonalds-dei-2025-global-inclusion/736733/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202025-01-08%20ESG%20Dive%20%5Bissue:69246%5D&utm_term=ESG%20Dive Also see: https://corporate.mcdonalds.com/corpmcd/our-stories/article/our-commitment-to-inclusion.html
PayPal Minority VC Funding Lawsuit: A Bad-Faith Argument
The lawsuit filed by Andav Capital and its founder, Nisha Desai, against PayPal represents not only a fundamental misunderstanding of the purpose and legality of diversity initiatives but also a bad-faith attempt to weaponize civil rights law against efforts to address historical and systemic inequities. See: https://www.linkedin.com/pulse/response-paypal-minority-vc-funding-lawsuit-zbqse/