UpSurge Baltimore’s 2024 Tech Ecosystem Report revealed that local companies in the Baltimore MSA raised $782 million in venture capital in 2023, up 12.3 percent from the seven-year average, and that 90% of the investment went to healthcare and information technology.
Category: BUSINESS
Vessels travel through temporary channel as wreckage from Key Bridge collapse is cleared
Nineteen vessels have traveled through the 38-foot-deep Fort McHenry Limited Access Channel since it opened on April 25, carrying cargo such as sugar, cement, fertilizer and lumber, while efforts continue to clear a permanent 50-foot channel and remove the Dali ship.
Wells Fargo Foundation gifts $200,000 to Junior Achievement of Greater Washington for 3DE model expansion
The Wells Fargo Foundation awarded a $200,000 grant to Junior Achievement (JA) of Greater Washington to expand the organization’s 3DE program, a four-year educational model designed to connect core classroom subjects to real-world experiences.
Baltimore company files class action lawsuit against Dali ship owners
By Megan Sayles AFRO Business Writer, msayles@afro.com American Publishing has filed a class action lawsuit against the owner and manager of the Dali cargo ship, which struck the Francis Scott […]
Associated Black Charities hosts Teen Financial Literacy Summit
Associated Black Charities hosted a Free Teen Financial Literacy Summit for all ages at the Doubletree by Hilton in Pikesville, Md. on April 13, offering all teens in attendance a new account with a free $25 deposit and breakout sessions focused on topics such as job search and interviewing skills, entrepreneurship and investing and breaking generational mindsets.
NCBW’s Baltimore Metropolitan Chapter hosts ‘Pearls with a Purpose’ event
The National Coalition of 100 Black Women’s Baltimore Metropolitan Chapter hosted “Pearls with a Purpose” on April 14 to raise funds for their advocacy work in the community.
Five finance books to read by Black authors
“Cashing Out: Win the Wealth Game by Walking Away” is a book written for Black people looking to improve their lot in life on their own terms, while “The Guide to Black Wealth” helps men learn to budget, cut expenses and save money, “The Battle of Finance and Fame” explores the intersection of fame and finances, and “Get Good with Money” is a 10-step plan for moving towards financial security.
Ask a lawyer: What to do before and after confronting bankruptcy
Ebele Ebonwu, an associate in Gordon Feinblatt’s Financial Services Group, offers advice on how to avoid bankruptcy and how to manage it once it has been filed, including the importance of a good attorney and reorganizing your finances.
Securing your financial future: the importance of saving for retirement
Black and Brown people are less likely to have retirement accounts than Whites and Asian Americans and Pacific Islanders, and a lack of financial security can lead to financial insecurity in retirement.
Ask a CPA: Festina Manly-Spain speaks on inspiring the next generation of youth and finance professionals
Festina Manly-Spain is a Certified Public Accountant who works to foster generational wealth by exposing youth to finance topics and careers in the finance industry, while also advocating for diversity and inclusion in the finance industry.
The cost of being a woman: A $1.6 trillion yearly wage gap
The gender wage gap persists, with Black, Latina, and Indigenous women losing $1.6 trillion annually due to the wage gap, which is compounded by racial and gender discrimination, occupational segregation, and reproductive justice.
Investing is key to financial freedom–but why do so few know how?
Frances “Toni” Draper discusses the financial disparity between Black and White families, which can be addressed through education, financial literacy, and policies to ensure equal access to investment opportunities.