Sunday, June 23, 2024
HomenewsFed court stalls grant program for female Black entrepreneurs - Singapore News

Fed court stalls grant program for female Black entrepreneurs – Singapore News

The Fearless Fund has enlisted prominent civil rights attorneys, including Ben Crump, to defend against the lawsuit

/* inline tdc_css att */.tdi_30_16c{margin-top:0px !important;margin-right:-40px !important;margin-left:-40px !important;padding-top:30px !important;padding-right:40px !important;padding-bottom:42px !important;padding-left:40px !important;position:relative;}/* portrait */@media (min-width: 768px) and (max-width: 1018px){.tdi_30_16c{margin-right:-30px !important;margin-left:-30px !important;padding-right:30px !important;padding-bottom:20px !important;padding-left:30px !important;}}/* phone */@media (max-width: 767px){.tdi_30_16c{margin-right:-24px !important;margin-left:-24px !important;padding-top:25px !important;padding-right:24px !important;padding-bottom:16px !important;padding-left:24px !important;}}/* custom css */.td-pb-span12 .tdi_30_16c img.aligncenter,.td-pb-span12 .tdi_30_16c .aligncenter img{ margin-left: -1px; width: calc(100% + (2 * 1px)); max-width: none !important; }.td-pb-span12 .tdi_30_16c .alignleft{ margin-left: -1px; }.td-pb-span12 .tdi_30_16c .alignright{ margin-right: -1px; }.tdi_30_16c, .tdi_30_16c > p{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-size:17px !important;line-height:1.8 !important;font-weight:400 !important; }.tdi_30_16c h1{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:normal !important;font-weight:700 !important;text-transform:uppercase !important; }.tdi_30_16c h2{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:normal !important;font-weight:700 !important;text-transform:uppercase !important; }.tdi_30_16c h3{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_16c h4{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_16c h6{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_16c blockquote p{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:italic !important;font-weight:500 !important;text-transform:uppercase !important; color: #000000; }.tdi_30_16c,.tdi_30_16c p{ color: #444444; }.tdi_30_16c .wp-caption-text{ color: #000000; }.tdi_30_16c [class*=’top_ad’] .td-adspot-title{ color: #dd3333; }.tdi_30_16c [class*=’inline_ad0′] .td-adspot-title{ color: #ffffff; }.tdi_30_16c [class*=’inline_ad1′] .td-adspot-title{ color: #ffffff; }.tdi_30_16c [class*=’inline_ad2′] .td-adspot-title{ color: #ffffff; }.tdi_30_16c [class*=’bottom_ad’] .td-adspot-title{ color: #dd3333; }.tdi_30_16c_rand_style{background-color:#ffffff !important;}

In a pivotal case highlighting the intensifying debate surrounding corporate diversity initiatives, a federal appeals court in Atlanta has temporarily halted the Fearless Fund’s Strivers Grant Contest. The grant program, which awards $20,000 to businesses predominantly owned by Black women, is now at the center of a legal dispute.

Violation of the grant program

The 2-1 decision by the 11th U.S. Circuit Court of Appeals came in response to a lawsuit brought forth by the American Alliance for Equal Rights, led by conservative activist Edward Blum. Blum contends that the Fearless Fund’s initiative violates a section of the Civil Rights Act of 1866, which prohibits racial discrimination in contracts.

.u1a2ae1961affae5399c89c2cf0f0deb3 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .u1a2ae1961affae5399c89c2cf0f0deb3:active, .u1a2ae1961affae5399c89c2cf0f0deb3:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u1a2ae1961affae5399c89c2cf0f0deb3 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u1a2ae1961affae5399c89c2cf0f0deb3 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u1a2ae1961affae5399c89c2cf0f0deb3 .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .u1a2ae1961affae5399c89c2cf0f0deb3:hover .postTitle { text-decoration: underline!important; } See also Idris Elba responds to backlash over comments he made about not being ‘black’

The order, issued on a recent Saturday, reversed a prior ruling by U.S. District Judge Thomas W. Thrash, who had denied the American Alliance’s request to halt the program. The majority on the appeals court panel argued that the Strivers Grant Contest was “racially exclusionary” and that Blum’s group had a strong chance of prevailing.

.u1a2ae1961affae5399c89c2cf0f0deb3 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .u1a2ae1961affae5399c89c2cf0f0deb3:active, .u1a2ae1961affae5399c89c2cf0f0deb3:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u1a2ae1961affae5399c89c2cf0f0deb3 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u1a2ae1961affae5399c89c2cf0f0deb3 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u1a2ae1961affae5399c89c2cf0f0deb3 .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .u1a2ae1961affae5399c89c2cf0f0deb3:hover .postTitle { text-decoration: underline!important; } See also Idris Elba responds to backlash over comments he made about not being ‘black’

Fearless Fund: No fear

In response to the decision, the Fearless Fund expressed its disagreement, stating, “We strongly disagree with the decision and remain resolute in our mission and commitment to address the unacceptable disparities that exist for Black women and other women of color in the venture capital space.”

This case has become a pivotal test in the ongoing debate over racial considerations, particularly as it pertains to workplace diversity, following the U.S. Supreme Court’s June ruling to end affirmative action in college admissions.

.u45d7ede2dc3bf0e1fc65890db5316f0f { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .u45d7ede2dc3bf0e1fc65890db5316f0f:active, .u45d7ede2dc3bf0e1fc65890db5316f0f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u45d7ede2dc3bf0e1fc65890db5316f0f { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u45d7ede2dc3bf0e1fc65890db5316f0f .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u45d7ede2dc3bf0e1fc65890db5316f0f .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .u45d7ede2dc3bf0e1fc65890db5316f0f:hover .postTitle { text-decoration: underline!important; } See also Idris Elba responds to backlash over comments he made about not being ‘black’

The Strivers Grant Contest is just one of several programs administered by the Fearless Fund, established with the aim of bridging the funding gap for Black female entrepreneurs who currently receive less than 1% of venture capital funding. To qualify for these grants, businesses must have majority ownership by Black women, among other criteria.

The Fearless Fund has enlisted prominent civil rights attorneys, including Ben Crump, to defend against the lawsuit. These lawyers argue that the grants are not contracts but rather donations protected by the First Amendment, adding another layer of complexity to this high-profile case.

.u93c4f8f3576c307e83523a0feb2b496d { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .u93c4f8f3576c307e83523a0feb2b496d:active, .u93c4f8f3576c307e83523a0feb2b496d:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u93c4f8f3576c307e83523a0feb2b496d { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u93c4f8f3576c307e83523a0feb2b496d .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u93c4f8f3576c307e83523a0feb2b496d .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .u93c4f8f3576c307e83523a0feb2b496d:hover .postTitle { text-decoration: underline!important; } See also Idris Elba responds to backlash over comments he made about not being ‘black’

Read More News

Remember names and make your social life unforgettable

The photo above is from a YouTube screen grab

The post Fed court stalls grant program for female Black entrepreneurs appeared first on The Independent News.

RELATED ARTICLES
- Advertisment -

Most Popular