The Black Economic Alliance (BEA) Foundation, a leading organization mobilizing Black business leaders and advocates, announced the submission of an amicus brief advocating against a preliminary injunction to halt the Fearless Foundation, a foundation that aids women of color in securing venture capital for their startups, mainly focusing on Black women entrepreneurs.

BEA CEO Samantha Tweedy emphasized the importance of entrepreneurship, highlighting its pivotal role in achieving the American dream and economic prosperity. She noted the systemic obstacles Black entrepreneurs, particularly Black women, faced in establishing and expanding their businesses. “Fearless Fund helps Black women overcome those barriers, which is good for Black work, wages, and wealth and good for our economy as a whole,” Tweedy wrote in a statement on Monday, Sept. 11. “Given BEA Foundation’s own recent polling that showed widespread support for businesses taking active steps to reflect the racial diversity of this country, it is clear that those trying to claw back pathways to economic progress for the Black community are out of step with the vast majority of Americans.”

Source: Amsterdam News