80 www.blackeoejournal.com Black EOE Journal
SUPPLIER DIVERSITY
Pharrell
This past December, singer, Pharrell Williams, announced the launch of Black Ambition, a non-profit initiative that will provide a bridge to success for Black and Latinx entrepreneurs who are launching tech, design, healthcare and consumer products/services start-ups. Under Pharrells leadership, Black Ambition strives to level the playing field and fostering the ingenuity, determination and resilience of underrepresented entrepreneurs through financial funding.
Source: Black Ambition
Earvin Magic" Johnson
A discussion on celebrities helping minority-owned businesses simply couldnt exist without talking about former basketball star, Earvin Magic Johnson. Under the founding of Magic Johnson Enterprise, an investment conglomerate, Johnson has provided the funding to distribute the best resources to diverse and undeserved communities while promoting businesses that are minority owned. The biggest example of this came in the Summer of last year when Johnsons enterprise donated $100 million in loans to minority and women-owned businesses through the Small Business Administrations Paycheck Protection Program.
Source: Magic Johnson Enterprises
PHOTO CREDIT: LISA O'CONNOR/AFP VIA GETTY IMAGES PHOTO CREDIT: EMMA MCINTYRE/GETTY IMAGES
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