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New Jersey announces $10M seed fund aimed at Black and Latinx founders

TechCrunch

Today, in a twist, New Jersey Governor Phil Murphy has announced a proposal for a $10 million allocation in the state budget to create a seed fund for Black and Latinx startups, TechCrunch has learned exclusively. The Black and Latinx Seed Fund will be administered by the New Economic Development Authority (NJEDA).

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Big Lots store closures update: Other retailers are swooping in to take over locations in several states

Fast Company Tech

Several retail companies, including some with ties to nationally recognized brands, have stepped in to take over leases on Big Lots stores in at least 12 different states, according to recent court filings. The list includes locations in Delaware, Pennsylvania, Massachusetts, Maryland, Maine, New Jersey, New York, and Vermont.

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Black Innovation Alliance, Village Capital team up to support founders of color

TechCrunch

Black Innovation Alliance and Village Capital today announced Resource, a national initiative aimed at boosting the efforts of entrepreneur support organizations (ESOs) led by, and focused on, founders of color. Resource is supported by a national coalition of funders committed to supporting entrepreneurs of color.

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Why Building Resilient Networks Matter

Beth's Blog: How Nonprofits Can Use Social Media

We turned on CNN and watched together as scenes from New Jersey and New York flashed across the screen. Architect Stephen Cassell, for example, proposed protecting New York’s financial district with a ring of tidal salt marshes and wetlands around lower Manhattan. It’s not a nightmare,” I said, “It’s for real.”.

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Government contracts and nonprofit organizations: Problems and solutions

ASU Lodestar Center

Although these positive developments are possible, the Urban Institute Center on Nonprofits and Philanthropy and the National Council of Nonprofits are well aware that there are many challenges and problems that have wormed their way into the system. Often, the agency has little choice in the matter due to budget or funding cuts.

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What minority founders must consider before entering the venture-backed startup ecosystem

TechCrunch

With venture investors committing to funding Black and minority founders, alongside the growing availability of government-backed proposals, such as New Jersey allocating $10 million to a seed fund for Black and Latinx startups , can we expect to see fundamental change? These discussions then bring further biases to the surface.

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Court Date Pending For Daniel’s Law Data Suits

The NonProfit Times

And with the exception of one New Jersey legislator, who sponsored the initial law, New Jersey state officials won’t comment, either. That’s not the only potential financial impact, of course: population-wise, New Jersey is the 11th largest state in America, according 2023 population estimates.

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