Morning Briefing – May 6, 2021

*Forgive the lateness of this briefing, as the Substack platform was experiencing technical difficulties for the better part of this morning*

SECTOR NEWS

Aging campuses? Lawmakers want to help modernize historically Black colleges, universities

Adams is one of several lawmakers introducing a bill this month that would direct money to the more than 100 public and private universities created for Black students that are recognized as HBCUs to help them renovate, modernize and construct new campus facilities, including academic and residential buildings.

The legislation would also help those colleges preserve buildings of historical significance, address safety hazards and provide high-speed internet on campus. It would also improve virtual teaching and learning, and provide health and community services such as coronavirus vaccinations. (Sacramento Bee)

Johnson C. Smith receives $1 million in $3.2 million Wells Fargo commitment to minority community development

Wells Fargo is giving $3.2 million to organizations in Charlotte in an effort to promote economic mobility and racial equity.

Wells Fargo’s CEO, Charlie Scharf, announced the awards at an event Wednesday afternoon at Johnson C. Smith University that also featured Gov. Roy Cooper, U.S. Rep. Alma Adams and Charlotte Mayor Vi Lyles.

In addition to racial equity and economic mobility, the bank said the grants will help support minority-owned businesses and entrepreneurs. (Charlotte Observer)