A federal appeals court has temporarily halted a venture capital firm’s grant program for businesses run by Black women.
A grant program for businesses run by Black women was temporarily blocked by a federal appeals court in a case epitomizing the escalating battle over corporate diversity policies.
In a statement Sunday, the Atlanta-based Fearless Fund said it would comply with the order but remained confident of ultimately prevailing in the lawsuit. The case was brought by the American Alliance for Equal Rights, a group run by conservative activist Edward Blum, who argues that the fund violates a section of the Civil Rights Act of 1866, which prohibits racial discrimination in contracts.
“The members of the American Alliance for Equal Rights are gratified that the 11th Circuit has recognized the likelihood that the Fearless Strivers Grant Contest is illegal,” Blum said in a statement. “We look forward to the final resolution of this lawsuit.” The case has become a test case as the battle over racial considerations shifts to the workplace following the U.S. Supreme Court’s June ruling ending affirmative action in college admissions.The grant contest is among several programs run by the Fearless Fund, which was established to bridge the gap in funding access for Black female entrepreneurs, who receive less than 1% of venture capital funding.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US appeals court blocks venture capital fund's grant program for Black womenA federal appeals court on Saturday blocked a small venture capital fund from awarding grants to businesses run by Black women at the urging of the anti-affirmative action activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies.
Weiterlesen »
US appeals court blocks venture capital fund's grant program for Black women By ReutersUS appeals court blocks venture capital fund's grant program for Black women
Weiterlesen »
Venture capital firm's grant program for black women blocked by US appeals courtVenture capital firm Fearless Fund had its grant program for black female business owners blocked by a United States appellate court Saturday.
Weiterlesen »
Grant program for Black women entrepreneurs blocked by federal appeals courtA federal appeals court has temporarily halted a venture capital firm’s grant program for businesses run by Black women
Weiterlesen »
Grant program for Black women entrepreneurs blocked by federal appeals courtA federal appeals court has temporarily halted a venture capital firm’s grant program for businesses run by Black women
Weiterlesen »
Grant program for Black women entrepreneurs blocked by federal appeals courtA federal appeals court has temporarily halted a venture capital firm’s grant program for businesses run by Black women. The 2-1 decision by the Atlanta-based 11th U.S.
Weiterlesen »