21 Famous Black People You Should Know

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The impact of Black individuals on history, culture and society is truly incredible. Their contributions are shaping the world in many affirming ways. These 21 influencers range from civil rights icons and groundbreaking artists to pioneering scientists and influential leaders. It is undeniable that these famous Black people have made a lasting difference. Their stories of resilience, creativity and courage continue to inspire us all.

We will dive into our list of famous Black people in U.S. history and beyond, highlighting their remarkable lives, careers and impact on the world.

Today’s Most Iconic Black Figures

Today’s most iconic Black figures impact many fields, from culture and politics to business and sports. These trailblazers are leaders in their fields. They also serve as powerful symbols of resilience, creativity and leadership. By pushing for equality, they inspire future generations to continue fighting for justice. Their influence extends beyond their individual achievements. They are shaping the narrative of progress and empowerment within the Black community.

1. Craig Arnold, Eaton

Craig Arnold, CEO of Eaton, has made significant strides as a leader in the global power management company. Under his leadership, Eaton has pushed forward with innovation in the energy and industrial sectors. Driving sustainability and efficiency across its operations has been the secret to his success. It is plain to see that Arnold’s accomplishments are a testament to his business acumen. As one of the few Black CEOs of a Fortune 500 company, he is a powerful symbol of breaking barriers in the corporate world.

2. Rosalind Brewer, Walgreens

Rosalind “Roz” Brewer, CEO of Walgreens Boots Alliance, stands out as one of the most influential Black women in the modern workforce. She has transformed the company’s digital and healthcare strategies. She also sparked innovation in customer service and expanded access to health and wellness solutions. Her leadership shapes the future of one of the largest pharmacy chains in the world. She is paving the way for greater representation and equity in the executive ranks.

3. Thasunda Brown Duckett, TIAA

Thasunda Brown Duckett is a Black trailblazer in the financial services industry. She is CEO of Teachers Insurance and Annuity Association of America (TIAA). Notably, she is one of the few Black women to lead a Fortune 500 company. Duckett is passionate about uplifting underrepresented communities through financial literacy and economic empowerment. Before joining TIAA, she held pivotal roles at JPMorgan Chase. There, she spearheaded efforts to improve homeownership and wealth-building opportunities for diverse populations.

4. Lauren Maillian

Lauren Maillian is a dynamic entrepreneur, investor and founder of LMB Group. The LMB Group is a firm dedicated to empowering consumer-facing startups. She is also the former CEO of digitalundivided, an organization dedicated to empowering Black and Latina women entrepreneurs. She started her career as the youngest self-made winery owner in the U.S. at 19 years old.

After her early success, she shifted her focus to technology and venture capital. Maillian has been instrumental in fostering innovation, providing resources and breaking down barriers for women of color in tech and entrepreneurship.

5. Sheila Johnson and Robert L. Johnson

Sheila Johnson is an entrepreneur and philanthropist who co-founded BET (Black Entertainment Television) with her former husband, Robert L. Johnson. BET was the first cable network aimed at Black audiences. After selling BET, Sheila became the first Black woman to achieve a net worth of more than a billion dollars. She expanded her influence across various industries, including hospitality, sports and entertainment. Currently, Sheila is the founder and CEO of Salamander Hotels and Resorts. She has made significant contributions to the arts and education through her philanthropic giving.

Entrepreneur Robert L. Johnson became the first Black billionaire in the U.S. His success with BET opened doors for greater representation in the media industry. Beyond BET, he has influenced the business world through investments and leadership in finance and real estate. His legacy includes transforming media and inspiring Black entrepreneurs to pursue their dreams.

6. Anthony Anderson

Anthony Anderson is an actor, comedian and producer who is one of the most recognizable faces in television and film. Best known for his starring role in the hit TV show “Black-ish,” Anderson has earned critical acclaim for his portrayal of Dre Johnson. Anderson’s character explores the complexities of Black identity and family life in the U.S.

His work on the show has earned many awards and nominations. It has also contributed to important conversations about race, culture and social justice. Beyond acting, Anderson is an advocate for diabetes awareness and education. He is using his platform to raise awareness about the disease and its impact on the Black community.

Famous Black Icons in History

As we continue to celebrate the achievements of famous Black icons from history, we recognize their impact. These icons, who overcame immense adversity, have left a mark on many facets of society. Their legacies continue to inspire and empower future generations. By honoring their stories, we acknowledge the lasting influence of their courage and vision in the pursuit of a better future for all.

1. Mamie Till-Mobley

Mamie Till-Mobley is a monumental figure in Black history because of her courage in the face of unimaginable tragedy. Her efforts helped catalyze the Civil Rights Movement. After the murder of her son, Emmett Till, in 1955, she made his story public. She did this to shine a light on the raw brutality of racial violence in the U.S. Her act of defiance sparked national outrage and became a pivotal moment in the fight for racial justice. Till-Mobley’s bravery and determination made her a key figure in the fight against racial oppression. Hers is a lasting legacy that continues to resonate in the ongoing pursuit of equality.

2. Charles Clinton Spaulding

Charles Clinton Spaulding was a trailblazing Black entrepreneur and leader. He transformed the North Carolina Mutual Life Insurance Company into one of the most successful Black-owned businesses in the U.S. He was also a dedicated advocate for Black self-reliance and community. Spaulding used his influence to promote education and civic engagement. His journey continues to inspire generations of Black entrepreneurs and Civil Rights advocates.

3. Maggie Lena Walker

Maggie Lena Walker was a pioneering Black businesswoman and Civil Rights leader. She made history as the first Black woman to charter and serve as President of St. Luke Penny Savings Bank in the U.S. Walker provided financial services to the Black community in Richmond, VA. She also promoted economic independence during a time of severe racial discrimination. Walker also supported equality through her work in education and social advocacy.

4. George Washington Carver

George Washington Carver was a Black scientist and inventor. His work in agriculture revolutionized farming practices in the U.S. Carver is best known for his research on crop rotation and his development of products, such as peanuts, sweet potatoes and other crops. Carver’s work significantly improved the livelihoods of many Southern farmers. He was dedicated to sustainable agriculture and education. This made him a key figure in the movement to restore depleted soils and promote self-sufficiency among farmers, particularly in the Black community.

5. Dorothy Johnson Vaughan

Dorothy Johnson Vaughan was a Black mathematician and computer programmer. She played a crucial role in the early years of the NASA space program. Vaughn was one of the first Black women to work as a “human computer” at NASA. She made significant contributions to aeronautics and space research, particularly in the development of the complex calculations that guided spacecraft.

Vaughan became the first Black supervisor at NASA’s predecessor, NACA. There, she led a team of talented women mathematicians. Her expertise in programming and her leadership paved the way for future generations in STEM fields.

6. Mae C. Jemison

Mae C. Jemison is a U.S. engineer, physician and astronaut who broke new ground as the first Black woman to travel into space. Her 1992 journey aboard the Space Shuttle Endeavour was a pivotal moment in Black history. Not only did it advance scientific research,  it symbolized a significant step forward for diversity in space exploration. Before her career with NASA, Jemison worked as a medical doctor and served as a Peace Corps physician.

Her service reflected her deep commitment to science and global health. Beyond her achievements in space, Jemison has become an advocate for science education. She presses for increasing access to STEM fields for those from underrepresented communities. Jemison’s legacy continues to inspire future generations. It proves that not even the sky has limits to what can be achieved.

7. James Baldwin

James Baldwin was a profound writer and social critic. His works explored the complexities of race, identity and humanity in the 20th century. Through his work, Baldwin highlighted the struggles of the Black community and other social injustices of his time. His works, such as “Go Tell It on the Mountain” and “The Fire Next Time,” remain powerful reflections on the human condition and the quest for equality. Baldwin’s voice was both a call for justice and a plea for understanding. This made him a key figure in the Civil Rights Movement and beyond. His legacy endures as a beacon of truth and courage. Baldwin continues to inspire generations to confront the challenges of race and identity with honesty and compassion.

8. Josephine Baker

Josephine Baker was an iconic French entertainer and activist who broke barriers and redefined what it meant to be a global star. She rose to fame in the 1920s as a performer in Paris, captivating audiences with her unique talent. She became one of the most celebrated Black entertainers of her time.

Later, she became a passionate Civil Rights activist, refusing to perform for segregated audiences in the U.S. She also adopted 12 diverse children. She called her vibrant family her “Rainbow Tribe.” She and her family actively demonstrated the possibility of global unity. Baker’s legacy is one of courage and a relentless pursuit of justice, making her a symbol of empowerment and change.

Most Famous Black People in the World

The most famous Black people in the world have shaped history and profoundly influenced global culture and society. From Civil Rights leaders to global stars, these people have broken barriers and inspired others. Their enduring legacies continue to uplift and empower. They are a constant reminder of the powerful contributions that have shaped society.

1. Dr. Martin Luther King, Jr.

Arguably among one of the most prominent Black people in the world, Dr. Martin Luther King Jr. was a minister and Civil Rights leader. He spearheaded the Civil Rights Movement from 1955 until his assassination in 1968. Dr. King galvanized a nation and brought the fight for racial justice to the forefront of U.S. consciousness. He did this through his unwavering commitment to nonviolent protest and his powerful words.

His leadership inspired monumental achievements. These include the Montgomery Bus Boycott, the March on Washington and the passage of the Civil Rights Act of 1964 and the Voting Rights Act of 1965. Dr. King also helped dismantle legal segregation and advance racial equity. His legacy endures as a beacon of hope and inspiration, reminding the world of the transformative power of love, justice and peace.

2. President Barack Obama

Barack Obama, the 44th President of the U.S., made history as the first Black person to hold the nation’s highest office. Elected in 2008, his presidency marked a significant milestone in U.S. history. It symbolized progress in the ongoing struggle for racial equality. During his two terms, Obama implemented key reforms in healthcare. He also advanced climate change initiatives and worked to restore the economy after the 2008 financial crisis. Obama’s inspirational leadership and message of hope and unity resonated globally. His legacy endures as a testament to the power of perseverance and the belief that change is possible in the face of adversity.

3. Oprah Winfrey

Oprah Winfrey is a media mogul, philanthropist and cultural icon who rose from humble beginnings. She redefined daytime television as the creator and host of “The Oprah Winfrey Show.” Her show created a platform for meaningful conversations on a wide range of topics, from personal growth to social issues.

Winfrey went on to build a media empire. She became the first Black woman billionaire and a powerful advocate for education and empowerment. Her legacy is one of breaking barriers, inspiring millions with her story and using her influence to make a positive impact on the world.

4. Rosa Parks

Rosa Parks is a Civil Rights icon whose simple act of defiance became a powerful symbol of the fight against racial segregation. On December 1, 1955, in Montgomery, AL, Parks kept her seat on a segregated bus rather than giving it to a white passenger. This move sparked the Montgomery Bus Boycott.

Her courageous stand against injustice played a crucial role in igniting the Civil Rights Movement. Her actions led to significant changes in laws and attitudes toward racial equality in the U.S. Parks’ legacy endures as a testament to the power of individual action in the face of systemic oppression. She reminds us that one person’s courage can spark a movement that changes history.

5. Malcolm X

Malcolm X was a dynamic and influential Civil Rights leader. His advocacy for Black empowerment and self-determination left a lasting impact on the struggle for racial justice. He was known for his powerful oratory and his call for the Black community to demand their rights. Malcolm X’s views on race evolved toward a more inclusive vision of human rights after his pilgrimage to Mecca. At that point, his influence and legacy broadened. His life and work still inspire movements for racial equality and justice. They also continue to highlight the importance of resilience, self-respect and the fight for equity.

6. Maya Angelou

Maya Angelou was a poet, author and Civil Rights activist. Her powerful words and life story resonated across generations. Best known for her work “I Know Why the Caged Bird Sings,” Angelou used her writing to explore themes of identity, resilience and the Black experience. Her voice extended beyond literature, as she played a significant role in the Civil Rights Movement. Angelou used her art and activism to inspire change and leave a legacy of profound cultural impact.

7. Frederick Douglass

Frederick Douglass is known for his extraordinary contributions as an abolitionist and writer. Born into slavery, Douglass escaped and became a leading voice in the fight against slavery. He used his powerful speeches and writings to advocate for the emancipation of enslaved people and the equal rights of all.

His autobiography, “Narrative of the Life of Frederick Douglass,” became a seminal work in his movement. In particular, his work shed light on the brutal realities of slavery. Douglass’ pursuit of justice and equality cemented his legacy as a highly influential leader in the struggle for Civil Rights. He has inspired generations to continue the fight for freedom.

Stay up to date with the latest Black history figures from the past and present, along with their impact on the world by following Robert F. Smith on LinkedIn.

Across our Communities

MBE Entrepreneurship & Supplier Diversity

1. Provide technical expertise: offer subject matter and technical expertise to catalyze and support community initiatives 

E.g., tax/accounting experts to help MBEs file taxes

E.g., business experts to help MBEs better access capital and craft business plans to scale their teams and operations

Access to Capital (CDFI/MDI)

2. Fund modernization & capacity-building and provide in-kind subject matter experts – $30M: help 4-5 CDFIs/MDIs over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance

Systems and technology modernization – $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout – over 5 years

Talent and workforce – $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity – over 5 years

Other capacity-building and outreach – $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) and increase community outreach to drive regional awareness and new pipeline projects – over 5 years

Education/HBCU & Workforce Development

3. Offer more paid internships: signup onto InternX and offer 25+ additional paid internships per year to HBCU/Black students 

Digital Access

4. Issue digital access equality bonds: issue equality progress bonds and invest proceeds into SCI’s digital access initiatives

5. Fund HBCU campus-wide internet – up to $50M in donations or in-kind: Partner with the Student Freedom Initiative to deliver campus-wide high-speed internet at ~10 HBCUs across SCI regions

Advocacy

6. Be an advocate for SCI priorities: engage federal and state agencies to drive policy and funding improvements to better support SCI’s near-term priorities

E.g., Engage the Small Business Administration and Minority Business Development Agency to increase technical assistance programs and annual spend to better support Minority Business Enterprises (MBEs) with capital and scaling needs

E.g., Ask the Federal Communications Commission (FCC) to include multi-dwelling unit connectivity in its new broadband connectivity maps and ask the National Telecommunications and Information Administration (NTIA) to allow non-FCC data in state broadband plans to unlock ~$285M in potential government broadband funding for 5 SCI regions

Directly Fund SCI

7. Invest directly into SCI (coming soon): provide funding for SCI to pool and invest in community initiatives that are most well-positioned for funding and can drive direct community impact.

Memphis, Tennessee

Lead community organization: The Collective Blueprint

MBE Entrepreneurship & Supplier Diversity

Our ambition:

Increase the volume and value of Black-owned businesses – through corporate MBE spend and MBE startups & scaling

1. Scale technical assistance – $15M: fund* to expand technical assistance through business coaches and wrap-around services for 500+ MBEs over 5 years to help them scale from <$1M to $5M+ in annual revenue

2. Standup MBE fund – $15M: standup/scale MBE fund* to offer more flexible access to capital arrangements 400-500 MBEs over 5 years

 * Lead organization: The Collective Blueprint; Contributing local organizations for community strategy include (but not limited to): Community Unlimited, Women’s Business Center South, Epicenter, others

Estimated impact (of all initiatives): 2.3x increase in MBE value & 20K+ new jobs, boosting Black community’s net worth by ~$3B+

Access to Capital (CDFI/MDI)

Our ambition:

Modernize CDFI/MDI systems and tech as well as recruit and upskill talent to increase CDFI/MDI capacity and ability to inject more capital into Black communities

3. Provide loan guarantees – $15M: create a fund* to provide 80% loan guarantees over 5 years to encourage lender participation and inject more capital into the community

4. Conduct advocacy: ask US Treasury & Tennessee State to allow Tennessee CDFIs/MDIs to retain SSBCI capital & offer loan guarantees to boost loan issuance

5. Fund modernization & capacity-building and provide in-kind subject matter experts – $30M: help 4-5 CDFIs/MDIs** over 5 years modernize their core systems, hire and train staff, expand marketing and standup a SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance

  • Systems and technology modernization – $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout – over 5 years
  • Talent and workforce – $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity – over 5 years
  • Other capacity-building and outreach – $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) and increase community outreach to drive regional awareness and new pipeline projects – over 5 years

* Leading organizations for community strategy include (but not limited to): Community LIFT, Memphis CDFI Network, etc.

* In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: Community Unlimited, Hope Credit Union, River City Capital, United Housing Inc, etc.

Estimated impact (of all initiatives): ~$330M+ in additional loans per year to support ~30K+ MBEs

Education/HBCU & Workforce Development

Our ambition:

Lower financial burden for Black students, increase number of Black college graduates, increase Black workforce and executive representation and their access to high-paying jobs

6. Standup training hub – $30M: fund* the establishment a world-class training hub that offers certificate-granting STEM and innovation programs in advanced manufacturing, health care, etc. to 10K+ youths

7. Fund SFI program – $7M: fund the Student Freedom Initiative’s Income Contingent Alternative to Parent Plus to support ~15 Black STEM students per year forever at 4 HBCUs**

* Lead organization: The Collective Blueprint; Contributing local organizations for community strategy include (but not limited to): Greater Memphis Chamber and Workforce Midsouth

** Minority Serving Institutions / HBCUs with STEM programs being considered: Le Moyne-Owen, Baptist Memorial, University of Memphis, Rust College

Estimated impact (of all initiatives): 8K+ additional college graduates and 10K workers with high-paying wages to drive ~$1B+ in economic growth

Digital Access

Our ambition:

Increase accessibility, affordability and adoption of high-speed Internet

8. Accelerate digital access initiatives – $75M: partner with local orgs* to invest in setting up internet connections / installing hotspots, offering laptops and supporting adoption (through government subsidy technical assistance and digital literacy) to connect ~135K homes to high-speed internet in the Memphis region

9. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~135K unconnected households 

 * Lead organization: The Collective Blueprint; Contributing local organizations for community strategy include (but not limited to): CodeCrew

Estimated impact (of all initiatives): ~135K households connected to high-speed internet to unlock ~$2B+ in economic potential

Houston, Texas

Lead community organization: Greater Houston Partnership

MBE Entrepreneurship & Supplier Diversity

Our ambition:

Increase the volume and value of Black-owned businesses – through corporate MBE spend and MBE startups & scaling

1. Scale team – ~$3M: hire 3-4 FTEs over 5 years for One Houston Together* to help companies increase MBE spend from ~2% to 5-10%+ as well as BIPOC workforce advancement and BIPOC board representation 

2. Increase MBE certification and scale technical assistance – ~$2M: partner with One Houston Together* and the Houston Minority Supplier Development Council (HSMDC)** to certify additional MBEs, develop Minority Business Finder database tool and provide resources and services to help local MBEs scale and participate in Pathways to Excellence program

3. Commit to increase racial diversity in supply chain and procurement: increase MBE spend in Greater Houston region* to 5-10%+

* One Houston Together serves as lead (please contact if you are interested in funding these initiatives)

** Houston Minority Supplier Development Council (HSMDC) serves as a partner organization (please contact if you are interested in learning more about this initiative)

Estimated impact (of all initiatives): 2.5x increase in MBE value & ~55K new jobs, boosting Black community’s net worth by ~$12B 

Access to Capital (CDFI/MDI)

Our ambition:

Modernize CDFI/MDI systems and tech as well as recruit and upskill talent to increase CDFI/MDI capacity and ability to inject more capital into Black communities

4. Fund modernization & capacity-building and provide in-kind subject matter experts – $30M: help 4-5 CDFIs/MDIs* over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance

  • Systems and technology modernization – $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout – over 5 years
  • Talent and workforce – $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity – over 5 years
  • Other capacity-building and outreach – $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) and increase community outreach to drive regional awareness and new pipeline projects – over 5 years

* In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: Unity National Bank, Unity Bank of Texas, PeopleFund, Houston Business Development Inc, etc.

Estimated impact (of all initiatives): ~$330M in additional loans per year to support ~30K MBEs

Education/HBCU & Workforce Development

Our ambition:

Lower financial burden for Black students, increase number of Black college graduates, increase Black workforce and executive representation and their access to high-paying jobs

5. Fund SFI program – $120M: fund the Student Freedom Initiative’s Income Contingent Alternative to Parent Plus* to support ~1.2K Black STEM students per year forever at 7 HBCUs**

* Student Freedom Initiative serves as lead (main contact if you are interested in learning more and funding this initiative)

** Minority Serving Institutions / HBCUs with STEM programs being considered: Texas Southern University, University of Houston, Prairie View A&M University, Houston Baptist University, University of Houston-Clear Lake, University of Houston-Downtown, University of St Thomas.  

Estimated impact (of all initiatives): 5K+ additional college grads & ~600 workers with senior exec positions / high-paying wages to drive ~$0.2B in economic growth

Digital Access

Our ambition:

Increase accessibility, affordability and adoption of high-speed Internet

6. Accelerate SCI’s digital access initiatives – up to $80M in donations or in-kind: invest in setting up internet connections / hotspots, offer laptops/Chromebooks and support adoption (through government subsidy technical assistance and digital literacy) to connect ~145K homes to high-speed internet in the Houston region*

7. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~145K unconnected households 

* Community organization(s) being identified 

Estimated impact (of all initiatives): ~145K households connected to high-speed internet to unlock ~$3B in economic potential

Greater New Orleans, Louisiana

Lead community organization: Urban League of Louisiana

MBE Entrepreneurship & Supplier Diversity

Our ambition:

Increase the volume and value of Black-owned businesses – through corporate MBE spend and MBE startups & scaling

1. Scale Black Business Works Fund – $10M: grow the Urban League of Louisiana’s Black Business Works Fund to support ~3K-4K MBEs over 5 years with emergency working capital needs to support/sustain ~$1B+ in annual revenues

2. Scale technical assistance – $20M: fund the Urban League of Louisiana, New Orleans Business Alliance, Thrive New Orleans and Propellor to scale bookkeeping, B2C payment, marketing support & subsidized rent to scale 200+ MBEs from <$1M to $5M+ in annual revenue

Estimated impact (of all initiatives): 2.5x increase in MBE value & 8K+ new jobs, boosting Black community’s net worth by ~$2B+

Access to Capital (CDFI/MDI)

Our ambition:

Modernize CDFI/MDI systems and tech as well as recruit and upskill talent to increase CDFI/MDI capacity and ability to inject more capital into Black communities

3. Fund modernization & capacity-building and provide in-kind subject matter experts – $30M: help 4-5 CDFIs/MDIs* over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT teams to conduct needs diagnostic, implement tech solution & provide technical assistance

  • Systems and technology modernization – $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout – over 5 years
  • Talent and workforce – $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity – over 5 years
  • Other capacity-building and outreach – $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) and increase community outreach to drive regional awareness and new pipeline projects – over 5 years

* In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: New Orleans Business Alliance (community convener), Liberty, TruFund, LiftFund, NewCorp, etc.

Estimated impact (of all initiatives): ~$330M in additional loans per year to support ~30K MBEs

Education/HBCU & Workforce Development

Our ambition:

Lower financial burden for Black students, increase number of Black college graduates, increase Black workforce and executive representation and their access to high-paying jobs

4. Subsidize internships & apprenticeships – $40M: fund the New Orleans Youth Alliance, YouthForce NOLA and the Urban League of Louisiana to place and help subsidize apprenticeships, internships and other work-based learning experiences for ~20K young adults in high-pay sectors (e.g., energy)

5. Fund SFI program – $12M: fund the Student Freedom Initiative’s Income Contingent Alternative to Parent Plus to support ~120 Black STEM students per year forever at 3 HBCUs*

* Minority Serving Institutions / HBCUs being considered: Dillard University, Southern University – New Orleans and Xavier University of Louisiana

6. Scale career prep – ~$10M: scale the New Orleans Youth Alliance and YouthForce NOLA with 15-20 coaches over 5 years to equip ~20K young adults with skills for high-paying industries, job search & prep and subsidized transportation

Estimated impact (of all initiatives): ~2K additional college graduates and ~20K workers with high-paying wages to drive ~$1B in economic growth

Digital Access

Our ambition:

Increase accessibility, affordability and adoption of high-speed Internet

7. Accelerate SCI’s digital access initiatives – up to $35M in donations or in-kind: partner with New Orleans’s Office of Information Technology & Innovation and Education SuperHighway to invest in setting up internet connections / hotspots, offering laptops/Chromebook and supporting adoption (through government subsidy technical assistance and digital literacy) to connect ~55K homes to high-speed internet in Greater New Orleans region

8. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~55K unconnected households

Estimated impact (of all initiatives): 55K households connected to high-speed internet to unlock ~$1B in economic potential

Charlotte, North Carolina

Lead community organization: Charlotte Regional Business Alliance

MBE Entrepreneurship & Supplier Diversity

Our ambition:

Increase the volume and value of Black-owned businesses – through corporate MBE spend and MBE startups & scaling

1. Offer in-kind FTEs: provide 2-5 in-kind FTEs to the Charlotte Regional Business Alliance (CRBA) over 5 years to convene corporate partners, assess their MBE spend, develop pipeline to increase MBE spend to 5-10%+

2. Offer technical assistance expertise: partner with the Charlotte Regional Business Alliance (CRBA) to advise/mentor ~200 MBEs on capital/loan access to help them scale from <$10M to $50M+

3. Commit to supplier diversity: increase MBE spend in Charlotte region to 5-10%+

Estimated impact (of all initiatives): 3x increase in MBE value & ~13K new jobs, boosting Black community’s net worth by ~$2B+

Access to Capital (CDFI/MDI)

Our ambition:

Modernize CDFI/MDI systems and tech as well as recruit and upskill talent to increase CDFI/MDI capacity and ability to inject more capital into Black communities

4. Fund modernization & capacity-building and provide in-kind subject matter experts – $30M: help 4-5 CDFIs/MDIs* over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance; in-kind experts to also help build out the MBE ecosystem through CDFIs/MDIs, market CDFI/MDI offerings and programs and help draft final loan agreements to qualify borrowers between investment fund(s) and CDFIs/MDIs

* CDFIs/MDIs being considered (examples and not exhaustive): Security Federal Bank, Institute / North Carolina Community Development Initiative, Sequoyah Fund Inc, Self-Help Credit Union, BEFCOR, Aspire Community Capital, etc.

  • Systems and technology modernization – $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout – over 5 years
  • Talent and workforce – $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity – over 5 years
  • Other capacity-building and outreach – $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) and increase community outreach to drive regional awareness and new pipeline projects – over 5 years

* In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: Security Federal Bank, Institute / North Carolina Community Development Initiative, Sequoyah Fund Inc, etc.

Estimated impact (of all initiatives): ~$330M in additional loans per year to support ~30K MBEs

Education/HBCU & Workforce Development

Our ambition:

Lower financial burden for Black students, increase number of Black college graduates, increase Black workforce and executive representation and their access to high-paying jobs

5. Fund SFI program – up to $10M: fund the Student Freedom Initiative’s HELPS program to support ~1.5K+ students per year at HBCUs* with emergency expenses – e.g., unexpected health costs, late rent payments, etc.

* Minority Serving Institutions / HBCUs in Charlotte that are being considered: Johnson C. Smith University, Johnson & Wales University – Charlotte, Charlotte Christian College

6. Provide in-kind staff: offer 2-5 FTEs to the Charlotte Regional Business Alliance (CRBA)over 5 years to track Black-/Brown-executive representation, convene corporate partners to develop executive pipeline and hiring plans and support corporate partners to increase representation from ~10% to 30%+

Estimated impact (of all initiatives): 2.5K+ additional college graduates and 2.5K workers with high-paying wages to drive ~$0.2B in economic growth

Digital Access

Our ambition:

Increase accessibility, affordability and adoption of high-speed Internet

7. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~35K unconnected households

Estimated impact (of all initiatives): ~35K households get connected to high-speed internet to unlock ~$700M in economic potential for Charlotte

Birmingham, Alabama

Lead community organization: Prosper Birmingham

MBE Entrepreneurship & Supplier Diversity

Our ambition:

Increase the volume and value of Black-owned businesses – through corporate MBE spend and MBE startups & scaling

1. Fund startups and give access to investor network – $70M: grow the Prosper Health Tech Fund – powered by Gener8tor – and offer venture capital technical assistance to scale 50+ startups from <$1M to $5M+ in annual revenue; near-term priority is to secure $4M in venture investment by end of May 2022

2. Fund technical assistance – $25M: fund Prosper Birmingham, Magic City Match, and Birmingham Business Alliance to establish/expand business advisory programs, renovate and subsidize retail/office space for MBEs and scale coaches & support services (e.g., digital footprint, B2C platforms, accounting & bookkeeping, recruitment, etc.) to help 100+ MBEs scale from <$1M to $5M+ in annual revenue

Estimated impact (of all initiatives): 3x increase in annual MBE revenue & 8K+ new jobs, boosting Black community’s net worth by ~$2B+

Access to Capital (CDFI/MDI)

Our ambition:

Modernize CDFI/MDI systems and tech as well as recruit and upskill talent to increase CDFI/MDI capacity and ability to inject more capital into Black communities

3. Fund modernization & capacity-building and provide in-kind subject matter experts – $30M: help 4-5 CDFIs/MDIs* over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance

  • Systems and technology modernization – $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout – over 5 years
  • Talent and workforce – $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity – over 5 years
  • Other capacity-building and outreach – $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) and increase community outreach to drive regional awareness and new pipeline projects – over 5 years

* In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: First Bancshares, Commonwealth National Bank, TruFund, Sabre Finance, Bronze Valley, etc.

Estimated impact (of all initiatives): ~$330M in additional loans per year to support ~30K MBEs

Education/HBCU & Workforce Development

Our ambition:

Lower financial burden for Black students, increase number of Black college graduates, increase Black workforce and executive representation and their access to high-paying jobs

4. Fund scholarships and hire coaches – ~$35M: scale Birmingham Promise fund to financially support 200-250 students per year over 4 years to increase college retention and graduation rates

5. Fund endowment – $2M: support 50 University of Alabama at Birmingham college students per year with housing to reduce their financial burden and increase college retention and graduation rates

Estimated impact (of all initiatives): 6.5K+ additional college graduates & 35K workers with high-paying wages to drive ~$1.2B in economic growth

Digital Access

Our ambition:

Increase accessibility, affordability and adoption of high-speed Internet

6. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~35K unconnected households

Estimated impact (of all initiatives): 48K households get connected to high-speed internet to unlock ~$700M in economic potential for Jefferson County

Birmingham, Alabama

Lead community organization: Prosper Birmingham

MBE Entrepreneurship & Supplier Diversity

Our ambition:

Increase the volume and value of Black-owned businesses – through corporate MBE spend and MBE startups & scaling

1. Fund startups and give access to investor network – $70M: grow the Prosper Health Tech Fund – powered by Gener8tor – and offer venture capital technical assistance to scale 50+ startups from <$1M to $5M+ in annual revenue; near-term priority is to secure $4M in venture investment by end of May 2022

2. Fund technical assistance – $25M: fund Prosper Birmingham, Magic City Match, and Birmingham Business Alliance to establish/expand business advisory programs, renovate and subsidize retail/office space for MBEs and scale coaches & support services (e.g., digital footprint, B2C platforms, accounting & bookkeeping, recruitment, etc.) to help 100+ MBEs scale from <$1M to $5M+ in annual revenue

Estimated impact (of all initiatives): 3x increase in annual MBE revenue & 8K+ new jobs, boosting Black community’s net worth by ~$2B+

Access to Capital (CDFI/MDI)

Our ambition:

Modernize CDFI/MDI systems and tech as well as recruit and upskill talent to increase CDFI/MDI capacity and ability to inject more capital into Black communities

3. Fund modernization & capacity-building and provide in-kind subject matter experts – $30M: help 4-5 CDFIs/MDIs* over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance

Systems and technology modernization – $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout – over 5 years

Talent and workforce – $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity – over 5 years

Other capacity-building and outreach – $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) and increase community outreach to drive regional awareness and new pipeline projects – over 5 years

* In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: First Bancshares, Commonwealth National Bank, TruFund, Sabre Finance, Bronze Valley, etc.

Estimated impact (of all initiatives): ~$330M in additional loans per year to support ~30K MBEs

Education/HBCU & Workforce Development

Our ambition:

Lower financial burden for Black students, increase number of Black college graduates, increase Black workforce and executive representation and their access to high-paying jobs

4. Fund scholarships and hire coaches – ~$35M: scale Birmingham Promise fund to financially support 200-250 students per year over 4 years to increase college retention and graduation rates

5. Fund endowment – $2M: support 50 University of Alabama at Birmingham college students per year with housing to reduce their financial burden and increase college retention and graduation rates

Estimated impact (of all initiatives): 6.5K+ additional college graduates & 35K workers with high-paying wages to drive ~$1.2B in economic growth

Digital Access

Our ambition:

Increase accessibility, affordability and adoption of high-speed Internet

6. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~35K unconnected households

Estimated impact (of all initiatives): 48K households get connected to high-speed internet to unlock ~$700M in economic potential for Jefferson County