Morning Briefing – June 9, 2021

SECTOR NEWS

Alabama’s racism was a powerful tool for Gov. John Patterson

By the time Gov. John Patterson left office in 1963, Dr. King and family had returned to Atlanta. Ralph Abernathy and family soon joined the King family there. Fred Shuttlesworth moved his family from Birmingham to Cincinnati, Ohio. Only Joseph Lowery and Solomon Seay, Sr. remained in Alabama.  Years of persecution and prosecution took their collective toll. One MIA Newsletter noted that gubernatorial candidate John Patterson campaigned on the promise to “’OUT-LAW’ our Freedom Struggle.”

The Alabama State Board of Education placed Alabama State College President H. Councill Trenholm on administrative leave at the end of 1961, and by the end of 1962, the same fate befell Alabama A&M President Joseph F. Drake.  The Board and ex-officio Board President Gov. Patterson ostensibly terminated both educators. Within a two-year time frame, both public Black colleges lost their presidents and both HBCUs lost their accreditation. (Montgomery Advertiser) 

Educational VC Fund Expands To Atlanta To Help Black Students Tap Into High-Paying Jobs
Educational VC fund expands to Atlanta to help Black students tap into high-paying jobs

Just 1% of the $70 trillion wealth management is controlled by women or minority fund managers, which directly and indirectly impacts the dollars invested in female and underrepresented founders. In 2020, the Founder Institute reported that Black leaders make up only 2% of senior positions in venture capital firms. 

To help mitigate this glaring disparity, the University Growth Fund (UGF), partnered with Ally, to expand its offices into Atlanta, offering real-life, venture capital experience to a diverse pool of students. The Atlanta expansion enables the incubator program to reach more diverse students and aligns with Ally’s commitment to invest in Black futures, particularly in underrepresented, yet high-paying career fields such as VC and private equity. (Essence)

Thurgood Marshall College Fund Launches Apple HBCU Scholars Program to  Create Diverse Talent Pipeline
Thurgood Marshall College Fund, ZS launch professional services workforce development partnership

The Thurgood Marshall College Fund (TMCF) and ZS announced a new, multiyear collaboration to provide financial and professional development support for students attending TMCF member-schools, which are America’s publicly-supported Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs).

The ZS SEED Program will provide scholarships, immersion programs, and professional development over the next two years to rising sophomores and juniors. Through the program, ZS SEED Fellows will work side-by-side with ZSers on real-world client problems to develop innovative solutions. Fellows will have the opportunity to explore a career in consulting and professional services, network, and receive mentorship and coaching. Fellows can create an early impact at ZS and begin shaping their ideal career with opportunities to secure internships and full-time employment after graduation. (TMCF)\

Florida A&M University School of Nursing Receives $1.3 Million to Help  Rural Communities - Daily Nurse
FAMU Nursing placed on probation by state board, accreditation maintained

Florida A&M University’s School of Nursing has been placed on probation by the state’s Board of Nursing due to its low first-time passing rates.

The School of Nursing remains accredited, however, by The Accreditation Commission for Education in Nursing Board of Commissioners who granted continuing accreditation for good cause for two years to the FAMU baccalaureate nursing program, the university said Wednesday. (Tallahassee Democrat)

INDUSTRY NEWS