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daymond john renowned from shark tank aims to support black entrepreneurs for the fourth consecutive year 23

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Daymond John, renowned from 'Shark Tank,' aims to support Black entrepreneurs for the fourth consecutive year.

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Benjamin Hughes

April 20, 2024 - 03:00 am

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Daymond John's Black Entrepreneurs Day Returns for its Fourth Year

Daymond John's Black Entrepreneurs Day is set to make its fourth annual appearance on November 1st. The event aims to celebrate and support Black business owners.

Celebrity Guests and Entrepreneurship Grants

The event will feature notable guests like Whoopi Goldberg and Shaquille O'Neal, alongside insights from prominent Black business leaders. Additionally, eight winners of the $25,000 NAACP Powershift Entrepreneur Grant will have the opportunity to participate in the event alongside John.

Event Location and Livestream

Black Entrepreneurs Day will take place at the iconic Apollo Theater in Manhattan and will also be accessible through online livestreaming.

Origins and Purpose

Originally launched in response to societal injustices highlighted by events like the murder of George Floyd, Black Entrepreneurs Day serves as a platform to celebrate Black entrepreneurship amidst systemic racism and economic disparities.

Corporate Support and Changing Landscape

While initially receiving strong support from corporations in 2020, enthusiasm among sponsors has waned in subsequent years. John emphasizes the importance of sustained support beyond one-time commitments.

Continued Advocacy and Recognition

John praises companies like Chase, T-Mobile, The General Insurance, and Shopify for their ongoing dedication to supporting the Black community, not just through financial contributions but also through meaningful investments and initiatives.

Celebrity Insights and Inspirational Stories

The event will showcase discussions with notable figures like Cedric the Entertainer, Anthony Anderson, and Rick Ross, offering insights into their journeys as Black entertainers and entrepreneurs.

Opportunities for Black-Owned Businesses

Through partnerships with organizations like the NAACP and Shopify, Black Entrepreneurs Day offers opportunities for entrepreneurs to secure funding, mentorship, and visibility for their businesses.

Challenges Faced by Black-Owned Businesses

Black-owned businesses have faced disproportionate challenges during the COVID-19 pandemic, including difficulties accessing federal assistance programs like the Paycheck Protection Program.

Impact and Success Stories

Despite these challenges, businesses supported by initiatives like the NAACP Powershift Entrepreneur Grant have thrived, providing vital support to entrepreneurs and contributing to the resilience of the Black business community.