Author: Justice Allen

In the wake of the pandemic, cities across the country have offered temporary tax breaks for those who were financially impacted. As a result, officials are finally starting to scrutinize the inflated property taxes that Black homeowners have to deal with. For decades local officials have been overvaluing Black homes, in turn leading to Black homeowners paying property taxes that are ridiculously high in relation to the value of their property. A report from the Washington Center for Equitable Growth noted that Black and Hispanic residents pay 10% to 13% more in property taxes compared to white residents.

By Justice Allen Forward-thinking venture capital firms are investing in the future of minority owned companies 81% of VC firms didn’t have a single Black investor It’s no secret that venture capital investors are about as diverse as a loaf of sliced white bread, and the same can be said for the companies they invest

By Justice Allen Hedge funds led by diverse managers had a return of 6.6%, compared to 3.9% from non-diverse managers Diverse hedge fund managers outperformed white counterparts in Macro funds by 41% A number of hedge fund managers and controllers are giving a new meaning to the phrase “Black Excellence”. According to a new report

By Justice Allen MLS broadcast deals bring in $90M in revenue, but the NBA’s broadcast deals bring in $2.6B The average MLS club valuation has grown by 30% over the last year The growth of Major League Soccer is a rags-to-riches story if you’ve ever heard one. Back in 2005 an ownership group only paid

By Justice Allen Jack Dorsey is no longer going to set up shop in Africa over coronavirus concerns As of 2018, 26% of Black American’s used Twitter Twitter (TWTR +1.83%) CEO Jack Dorsey & his job appear to be in good standing after walking back his comments about moving to Africa. The announcement came in

By Justice Allen Waffle House officially declared a red index and closes at least 420 locations Headquartered in Atlanta, company analysts develop statistical models to predict the impact an impending disaster If any restaurant chain were to square up with the coronavirus and win, it was supposed to be Waffle House. Unfortunately, with the arrival

By Justice Allen 17 of the 32 players selected in the first round of the NFL draft are represented by Black Agents NFL agents can make up to 3% commission on player salaries and up to 20% commission on endorsement deals Even in the face of a pandemic, Black people are in savage mode and

By Justice Allen Google donated over $350K to 89 congress members with an F rating from the NAACP Amazon has a market cap of $1.3T, but has only 1 Black person on their board of directors We’ve seen the Fortune 500 companies who are taking a stand for justice on Twitter (TWTR +0.19%), but the

By Justice Allen An algorithm created by Optum was significantly underestimating the healthcare needs of Black patients AI in the global healthcare market is expected to reach $45.2B by 2026 It appears that technology and algorithms are not immune to the realities of racism, even as the healthcare industry increases its reliance on artificial intelligence

By Justice Allen Transit leaders requested $36B in emergency federal funding NYC’s MTA plans to spend $249M on police officers, in a city with a 25% Black population The transit system has been getting crushed by the pandemic, with public transit leaders requesting an additional $36 billion in emergency funding, on top of the $25

By Justice Allen Black-owned businesses experienced a 7,043% increase in Yelp searches from COVID-19 forced 41% of black businesses to close or temporarily close between February and April After being hit hard by the impacts of COVID-19, Black businesses across the country are finally getting the love they deserve. Yelp (YELP -1.75%) recently stated in

By Justice Allen Warner Music Group recently paid for $85M for IMGN Media 85% of IMGN’s audience are Gen-Z or young millennials We’ve all seen that one meme which actually made us laugh out loud, but in 2020 the meme accounts are having the heartiest laugh of all. Warner Music Group just dropped a massive

By Justice Allen T-Mobile announces $11B initiative to provide 10 million students with internet African American children were 8% less likely to have access to high-speed internet The first day of school is upon us, but thanks to the pandemic, dozens of schools across the country will have to extend their remote learning protocol bringing

By Justice Allen Lowe’s will identify up to 375 minority-owned businesses for placement of their products on a Lowe’s shelf 40% of Black businesses shut down as a result of the pandemic Two of the most powerful Black brothers in corporate America are teaming up to level the playing field for minority business owners. Daymond

By Justice Allen Over 2,000 Flint residents are plaintiffs in the civil lawsuit water crisis against 3 major banks seeking $2B in damages JPMorgan Chase, Wells Fargo, and Stifel, Nicolaus, & Company funded the $220M KWA pipeline While engineering companies and government officials have previously come under fire for their roles in the Flint water

By Justice Allen S&P 500 improved by 13.6% when a Democrat is president and the House + Senate are split between parties Goldman Sachs predicts that stocks are on the up and up heading into 2021 The election results are in, but what does that mean for the stock market? The financial markets are bound

By Justice Allen UPS eliminated their outdated company bans on beards, long hair, afros, and braids UPS is looking to hire 139,000 new seasonal workers Shipping giant UPS (UPS +0.54%) has finally eliminated their outdated company bans on beards, long hair, afros, and braids. After coming under fire in 2018 with a nearly $5 million

By Justice Allen Square reported revenues of $3B in Q3’20 Tidal was most recently valued at $600 million (2017) Sean “Jay-Z” Carter may have one less problem on his hands after recent reports that Jack Dorsey’s Square (SQ +4.56%) has expressed interest in acquiring his challenged music-streaming platform Tidal. Square is looking to diversify its