Juvia’s Place has announced that it will give away six $50,000 grants to Black entrepreneurs in the design, tech, beauty, writing, and diversity categories. The grants will be distributed in each of these categories on a rotating basis. We are proud to partner with Juvia’s Place and show our support for them as they continue their work in the entrepreneurial space.” said Ian Mays, CEO of NBA 2k. “I believe that Black-owned businesses have a lot to offer the world — from their products to their services.

“According to SCORE, 44 percent of Black small business owners get less than $5,000 per year in sales, and 50 percent of Black entrepreneurs are over 50. Even though Black-owned businesses are the fastest-growing segment of minority businesses, they still only make up 1.5 percent of all U.S. businesses and have access to only 2 percent of loans granted by banks,” said Mr. Jumaane Taylor, President of Adidas North America, at a press conference announcing the program on October 18, 2017, in Las Vegas at the NBA 2K League’s inaugural draft.Chichi Eburu

According to Chichi Eburu“Black entrepreneurship is also severely underfunded,” he said. “This situation has inspired us at Juvia’s Place to create a grant program that will give Black entrepreneurs some much-needed support… and be a part of the success of their dreams.” This grant program is not just about giving money, but supporting and celebrating Black-owned businesses,” said Mr. Taylor. “The initiative allows us to build partnerships with organizations that share our vision for the future of Black-owned businesses.”Chichi Eburu

Juvia’s Place was launched in 2013 by CEO Latham Green, who was named as one of the influential men in Las Vegas by Vegas Seven Magazine and one of the 20 most influential African Americans under 40 by Black Enterprise Magazine. Juvia’s Place has been recognized by HBCU Digest, is a Mozaic Company, and was ranked #1 on Jezebel’s Hair Website List – The Best Sites For Women In 2017.

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