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EIGHT WAYS TO SPEND YOUR CORONAVIRUS STIMULUS CHECK WISELY

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Black Americans will be among the millions in the country expected to get a stimulus check tied to the novel coronavirus relief package.

The U.S. government will provide individual American adults with $1,200 and married couples with $2,400. Parents will get an extra $500 for each child they have under 17. Those making over $75,000 will pocket lower amounts. Singles making $99,000 or more and married couples with children making $198,000 will get zero.

Many observers are asking when will we see the money? A Treasury Department proposal called for the checks to be issued beginning April 6, and another wave in mid-May. The checks are part of the $2 trillion coronavirus economic stimulus package that became law in late March. Yet some financial experts claim the money might not arrive until May.

The $2 trillion measure is the largest economic package in U.S. history. It’s aimed to help people who have lost jobs from the coronavirus’ colossal blow to the economy pay essential bills, including mortgages, rent and utilities. For those working and still getting a stimulus check, one question looms: will they use the money to pay debts, save, invest, or help the economy and small businesses where they live?

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Black Enterprise Names Justin Barton as Vice President of Digital Strategy and Partnerships

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Industry Veteran to Reboot Digital Strategy and Expand On Strategic Partnerships

NEW YORK, July 18, 2019 /PRNewswire/ — Black Enterprise, the premier business and financial resource for African Americans, announced today that Justin Barton has joined the company as Vice President of Digital Strategy and Partnerships, overseeing audience growth, product, social and partnerships including all contextual, native and affiliate advertising.  Prior to Black Enterprise, Barton served as Head of Digital Strategy and Analytics at Group SJR, a digital consultancy. 

Barton joins Black Enterprise which provides original and interactive content pertaining to small business, wealth building, and careers, including from expert contributors. He has experience using analytically driven strategies to grow and engage audiences and identify emerging platforms for content distribution.  As Black Enterprise looks to expand its brand digitally, grow its events business and engage with advertisers, Barton will lead the effort to increase the reach of written and video content while expanding the network to include partner sites.

“With Black Enterprise’s leadership position in reaching African American business executives and owners of companies, Justin Barton will help lead the future digital strategy & development of all BE media owned properties.  We are excited about the growth opportunities and business development skills that Justin will bring to Black Enterprise and our team, helping us to grow in size and revenue.” – Butch Graves, President & CEO.

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NEW MEDIA VENTURES INVESTS $1.5 MILLION INTO THE MOVEMENT FOR BLACK LIVES AND OTHER ORGS

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New Media Ventures (NMV), a seed fund and network of angel investors based in the Bay Area, announced that it is investing $1.5 million into 17 entrepreneurs, activists, and progressive organizations. One of the groups selected from a pool of almost 600 applicants is The Movement for Black Lives (M4BL), a coalition of more than 50 organizations fighting for black political and economic power.

“New Media Ventures is proud to announce our 2019 recipients, who together, will receive our largest round of funding ever,” said Julie Menter, managing director of New Media Ventures, in a statement. “These organizations are on the frontlines of our democracy, building the tools, platforms, and systems that vulnerable communities and progressive organizers need to make our society better for all.”

M4BL describes itself as a “leader-full movement” that focuses on policy, mass engagement, electoral justice, resource generation, organizing, and base building. The group launched in 2014 following the deaths of Mike Brown, Eric Garner, and Tamir Rice by the hands of police to ultimately dismantle systemic oppression and achieve black liberation. Funding for the group will be allocated toward the M4BL app, which will “politically mobilize millions, build the leadership of thousands, and move folks from online activism to organizing safely in their communities, so that black political power is a force able to influence national and local agendas in the direction of a shared vision,” reads a statement on the New Media Ventures website.

According to a recent press release, NMV received more than 500 relevant applications from progressive startups seeking funding this year, up 50% from 2018 and a massive increase over the 100 applications received in 2016. Of the applications, New Media Ventures interviewed 98 and selected 33 finalists before finalizing 17 recipients.

“We have evaluated thousands of startups over the last decade, giving us a unique perspective on drivers of success in the field. We’re looking for the right mix of vision, persistence, and execution ability,” said the New Media Ventures Investment team.

Other 2019 recipients include Sunrise Movement, a group of young people working to make climate change an urgent priority in the U.S., and PeoplesHub, a progressive online platform that connects people to the support, analysis, stories, and skills they need to make positive change within their communities and in the world.

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