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HGP – NAACP Empowerment Programs Becomes Part-owner in Hello Alice to Build Black Generational Wealth

In an unprecedented move, NAACP Empowerment Programs partners with venture backed technology company Hello Alice, and founders Elizabeth Gore and Carolyn Rodz, to support the NAACP’s proactive mission of improving the lives of African Americans and their communities through increasing economic opportunities and building generational wealth.
Today, NAACP Empowerment Programs announced their newly acquired ownership stake in Hello Alice, the largest digital platform helping small businesses launch and grow through access to capital. The announcement is a first for the NAACP Empowerment Programs and will provide substantial resources towards advancing the organization’s goals for economic equality for Black communities.
“To champion true racial equity, we need to address the long-standing economic inequality that has left Black communities underfunded and undervalued for centuries,” said NAACP President and CEO Derrick Johnson. “That’s why we’ve taken the unprecedented step to join as a part-owner of Hello Alice. Our Black-owned businesses, who already faced long-ingrained institutional barriers to success, continue to recover from the devastation thrust upon them by the pandemic. According to the U.S. Small Business Administration, today there are an estimated 2.6 million Black-owned businesses, and this first-of-its-kind partnership is a pivotal step towards putting Black business at the forefront of our economy and as a result, building generational wealth and economic power for Black communities.”
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