Appeals court stops a program to help Black women entrepreneurs
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 4 June 2024
⏱️ 9 minutes
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Summary
A federal appeals court panel has suspended a competition to award grants to businesses that are majority-owned by Black women. The panel ruled the program, run by Atlanta-based venture capital firm Fearless Fund, is likely discriminatory. We’ll parse the details. Then, Shein is looking to go public in London rather than New York. Why is that? And the price of Forever stamps are about to go up yet again.
Transcript
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| 0:30.0 | My name is Lee Hawkins. I've been a journalist for over 25 years. On my new |
| 0:39.0 | podcast, What Happened in Alabama, I get answers to some of the hardest questions |
| 0:44.6 | about how things came to be for many black Americans |
| 0:48.1 | and the truth that must come before any reconciliation can happen. |
| 0:52.7 | I investigate my family history, |
| 0:55.4 | my upbringing in Minnesota, and my father's painful nightmares |
| 0:59.2 | about growing up in Alabama. |
| 1:01.6 | What happened in Alabama is a new series confronting the cycles of |
| 1:05.8 | trauma for myself, my family, and for many black Americans. Listen now. |
| 1:13.0 | A federal appeals court stops a program to help black women entrepreneurs. |
| 1:27.0 | I'm David Brancaccio. |
| 1:28.0 | A Federal Appeals Court panel has suspended a competition to award grants to businesses that are majority owned by black women. |
| 1:36.0 | The panel ruled the program run by Atlanta-based venture capital firm is likely discriminatory. |
| 1:41.5 | Marketplace's Nova Safo is here now with details. |
| 1:45.0 | David, at issue here is a grant contest run by the VC firm Fearless Fund which describes |
| 1:50.6 | itself as built by women of color for women of color. |
| 1:54.1 | The group defended its grant contest for companies that are at least 51% owned by black women |
| 1:59.1 | saying it's designed to level the playing field. |
| 2:01.5 | In the past we know black women have received around |
... |
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