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Keyword: fearlessfund

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  • A grant program for Black women business owners is discriminatory, appeals court rules

    06/04/2024 6:47:48 AM PDT · by Oldeconomybuyer · 29 replies
    The Associated Press ^ | June 3, 2024 | BY ALEXANDRA OLSON
    NEW YORK (AP) — A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners, ruling that a conservative group is likely to prevail in its lawsuit claiming that the program is discriminatory. The ruling against the Atlanta-based Fearless Fund is another victory for conservative groups waging a sprawling legal battle against corporate diversity programs that have targeted dozens of companies and government institutions. The case against the Fearless Fund was brought last year by the American American Alliance for Equal Rights, a group led by Edward Blum, the conservative activist behind...
  • Grant program for Black women entrepreneurs blocked by federal appeals court

    10/01/2023 5:49:57 PM PDT · by simpson96 · 21 replies
    Seattle Times ^ | 10/1/2023 | Alexandra Olsen
    NEW YORK (AP) — A grant program for businesses run by Black women was temporarily blocked by a federal appeals court in a case epitomizing the escalating battle over corporate diversity policies. The 2-1 decision by the Atlanta-based 11th U.S. Circuit Court of Appeals temporarily prevents the Fearless Fund from running the Strivers Grant Contest, which awards $20,000 to businesses that are at least 51% owned by Black women, among other requirements. In a statement Sunday, the Atlanta-based Fearless Fund said it would comply with the order but remained confident of ultimately prevailing in the lawsuit. The case was brought...