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Black Business Owners Concerned as Groups Step Up Attacks on Diversity

When the BeyGOOD foundation, led by Beyoncé Knowles-Carter, awarded Compton-based entrepreneur Veronica Clanton-Higgins $10,000 in August, the 46-year-old businesswoman says she felt empowered and recognized. Clanton, whose company, VCH Prosperity Consulting provides mental health consulting and socio-emotional wellness services to businesses and organizations, was one of 12 winners in the Los Angeles area who were awarded grants.

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Beyoncé's BeyGOOD Foundation Awarded 12 Local BIPOC Businesses at the Black Parade Route Small Business Impact Luncheon during the RENAISSANCE World Tour Stop in Los Angeles. CBM photo by Lila Brown.
Beyoncé's BeyGOOD Foundation Awarded 12 Local BIPOC Businesses at the Black Parade Route Small Business Impact Luncheon during the RENAISSANCE World Tour Stop in Los Angeles. CBM photo by Lila Brown.

By Lila Brown
California Black Media

When the BeyGOOD foundation, led by Beyoncé Knowles-Carter, awarded Compton-based entrepreneur Veronica Clanton-Higgins $10,000 in August, the 46-year-old businesswoman says she felt empowered and recognized.

Clanton, whose company, VCH Prosperity Consulting provides mental health consulting and socio-emotional wellness services to businesses and organizations, was one of 12 winners in the Los Angeles area who were awarded grants.

Clanton is among hundreds of Black individuals and businesses who have benefitted from corporate Diversity, Equity and Inclusion (DEI) initiatives designed to empower African Americans.

These initiatives have gained momentum since companies intensified their commitment to addressing systemic racism and historical inequities in the wake of the tragic death of George Floyd and the subsequent protests that erupted nationwide.

However, if certain conservative groups opposed to DEI initiatives get their way, it would be illegal for companies to specifically allocate funding to Black individuals or Black-owned businesses.

The U.S. Supreme Court’s June decision banning affirmative action in college admissions could potentially pose a risk to corporate affirmative action programs.

Edward Blum, a conservative political strategist whose organization, The Project for Fair Representation, was instrumental in the lawsuits that ended the consideration of race in college admissions.

He is now suing the Fearless Fund, an Atlanta-based venture capital fund that supports Black women businessowners with $20,000, accusing it of unlawful racial discrimination.

The nonprofit American Alliance for Equal Rights, also established by Blum, claimed in its federal lawsuit, that the Fearless Fund is violating Section 1981 of the Civil Rights Act of 1866, a U.S. law barring racial bias in private business.

Clanton told California Black Media (CBM) she wants to improve the lives of people in her community.

“I will use the grant funding for general operations expenses, to provide programming such as a hygiene drive for youth at a local high school along with day of wellness events and workshops,” she said.

As Beyoncé’s Renaissance World Tour makes its way around the globe, the BeyGOOD Foundation supports small businesses affected by the global pandemic through a charitable initiative known as the Black Parade Route.

At each tour stop, the foundation hosts business impact luncheons where grant recipients are awarded $10,000 to support their business ventures, most of which are financially disadvantaged.

Both Goldman Sachs and the Fearless Fund are partners with BeyGOOD, which also counts major corporations as sponsors including Adidas, Mastercard, Grameen America, Cisco, Live Nation along with the National Minority Supplier Development Council (NMSDC), an organization that certifies companies as Minority Business Enterprises.

Last week, the Fearless Fund issued a 914-page response to the lawsuit, asserting that the case is baseless; that the plaintiff does not have the right to sue; and that supporting Black women does not harm others, among other claims.

NMSDC’s CEO Ying McGuire issued a statement on the ruling which she said will have significant generational impacts on the business community, particularly for supplier diversity and business diversity programs.

“I am deeply concerned about the ramifications of this decision which poses a direct threat to minority-owned businesses and their economic prosperity,” she said.

In July, the attorney generals of 13 states penned a letter to the CEOs of Fortune 100 companies warning them to “refrain from discriminating on the basis of race.”

“Racial discrimination in employment and contracting is all too common among Fortune 100 companies and other large businesses,” the letter reads. “In an inversion of odious discriminatory practices of the distant past, today’s major companies adopt explicitly race-based initiatives which are similarly illegal.”

Corporate social responsibility programs like the Black Parade Route, J.P. Morgan Chase’s Advancing Black Wealth Tour, and Goldman Sach’s One Million Black Women specifically focus on empowering Black entrepreneurs.

Other corporations have launched Diversity Equity and Inclusion (DEI) programs that aim to increase the representation of Blacks and other minorities at all levels of their corporate structures, while others have focused on Supplier Diversity Programs in procurement.

The J.P. Morgan Chase’s Black Wealth Tour was also established in response to the national reckoning that followed the death of George Floyd. The roadshow is part of a broader initiative that promotes equity and inclusion for the Black community.

This year’s tour features Golden State Warriors star and four-time NBA champion Stephen Curry.

At the Oakland stop in August, Curry shared his experience as a venture capitalist with over 300 attendees.

“Generational wealth is about possibilities and about rectifying 400 years of disadvantages since the system was designed to disadvantage Black people around the country,” Curry said.

Although Proposition 209, enacted in California in 1996, prohibited the consideration of race in college admissions and state contracting, advocates say DEI programs still benefit Black businesses in the state.

“I am not surprised by these attacks on diversity. America is in denial about our history – our treatment of minorities, especially Blacks,” said Jay King, president and CEO of the California Black Chamber of Commerce. “We have to come together as Americans of all races and fight for the humanity of each other or we are doomed. That is how we live up to our desire to fix historical wrongs and be truly inclusive.”

Earlier this year, there was a sudden exodus of Black women executives in Hollywood leading DEI initiatives, including Karen Horne, senior vice president of North America DEI at Warner Bros. Discovery; Jeanell English, executive vice president of impact and inclusion at the Academy of Motion Pictures Arts and Sciences; Vernā Myers, Netflix’s first head of inclusion; and LaTondra Newton, Disney’s chief diversity officer and senior vice president.

Additionally, Terra Potts, executive VP of worldwide marketing at Warner Bros., left the studio after 13 years.

Launching her National “Fight for Our Freedoms” College Tour at Hampton University last week, Vice President Kamala Harris characterized those opposing DEI initiatives as “extreme.”

“If we want equal outcomes, we must take into account that not everyone starts out on the same base,” noted Harris.

Antonio Ray Harvey contributed to this article.

Activism

Ann Lowe: The Quiet Genius of American Couture

Lowe was born in Clayton, Alabama, into a family of gifted seamstresses. Her mother and grandmother were well-known dressmakers who created exquisite gowns for women in the area. By the time Lowe was a young girl, she was already showing extraordinary talent — cutting, sewing, and decorating fabric with a skill that far exceeded her age. When her mother died unexpectedly, Lowe – only 16 years old then – took over her mother’s sewing business, completing all the orders herself.

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Photos courtesy of National Archives.
Photo courtesy of National Archives.

By Tamara Shiloh

Ann Cole Lowe, born Dec.14, 1898, was a pioneering American fashion designer whose extraordinary talent shaped some of the most widely recognized and celebrated gowns in U.S. history.

Although she designed dresses for society’s wealthiest families and created masterpieces worn at historic events, Lowe spent much of her life in the shadows — uncredited, underpaid, yet unmatched in skill. Today, she is celebrated as one of the first nationally recognized African American fashion designers and a true visionary in American couture.

Lowe was born in Clayton, Alabama, into a family of gifted seamstresses. Her mother and grandmother were well-known dressmakers who created exquisite gowns for women in the area. By the time Lowe was a young girl, she was already showing extraordinary talent — cutting, sewing, and decorating fabric with a skill that far exceeded her age. When her mother died unexpectedly, Lowe – only 16 years old then – took over her mother’s sewing business, completing all the orders herself. This early responsibility would prepare her for a lifetime of professional excellence.

In 1917, Lowe moved to New York City to study at the S.T. Taylor Design School. Although she was segregated from White students and forced to work separately, she, of course, excelled, graduating earlier than expected. Her instructors quickly recognized that her abilities were far above the typical student, especially her skill in hand-sewing, applique, and intricate floral embellishment – techniques that would become her signature.

Throughout the 1920s and 1930s, she designed gowns for high-society women in Florida and New York, operating boutiques and working for prestigious department stores. Her reputation for craftsmanship, originality, and elegance grew increasingly. She was known for creating gowns that moved beautifully, featured delicate hand-made flowers, and looked sculpted rather than sewn. Many wealthy clients specifically requested “an Ann Lowe gown” for weddings, balls, and galas.

Her most famous creation came in 1953: the wedding gown worn by Jacqueline Bouvier when she married Massachusetts Sen. John F. Kennedy. The dress – crafted from ivory silk taffeta with dozens of tiny, pleated rosettes – became one of the most photographed bridal gowns in American history. Despite this achievement, Lowe received no public credit at the time. When a flood destroyed her completed gowns 10 days before the wedding, she and her seamstresses worked day and night to remake everything – at her own expense. Her dedication and perfectionism never wavered.

She eventually opened “Ann Lowe Originals,” her own salon on New York’s Madison Avenue. She served clients such as the Rockefellers, DuPonts, Vanderbilts, and actresses like Olivia de Havilland. Yet even with her wealthy clientele, she struggled financially, often undercharging because she wanted every dress to be perfect, even if it meant losing money.

Lowe’s contributions were finally recognized later in life. Today, her exquisite gowns are preserved in museums, including the Smithsonian National Museum of African American History and Culture and the Metropolitan Museum of Art.

In the last five years of her life, Lowe lived with her daughter Ruth in Queens, N.Y. She died at her daughter’s home on Feb. 25, 1981, at the age of 82, after an extended illness.

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Activism

BRIDGE Housing President and CEO Ken Lombard Scores Top Honors for Affordable Housing Leadership

The Development Company of the Year honor represents a milestone for BRIDGE Housing, which received the Gold award—its top designation—in a category that included both affordable and market-rate developers. The recognition caps what has been one of the strongest growth periods in the organization’s 42-year history.

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BRIDGE Housing President and CEO Ken Lombard. Courtesy of BRIDGE Housing.
BRIDGE Housing President and CEO Ken Lombard. Courtesy of BRIDGE Housing.

By the Oakland Post Staff

San Francisco-based BRIDGE Housing and its president and CEO, Ken Lombard, have been named among the nation’s housing industry standouts, earning two of the top prizes at the 2025 Multi-Housing News Excellence Awards.

BRIDGE Housing was named Development Company of the Year, while Lombard received Executive of the Year, recognition that places the nonprofit affordable housing provider alongside leading national developers of both affordable and market-rate housing.

The awards were announced in New York for the accomplishments achieved during 2024.

Multi-Housing News is one of the industry’s most respected publications. Award winners are selected by a panel of housing professionals, including multifamily developers, architects, and owners.

“BRIDGE Housing is deeply honored to be recognized by Multi-Housing News and our industry peers,” Lombard said. “These awards are a testament to the high-impact, mission-driven work by BRIDGE’s exceptional team to deliver quality affordable housing and support services that empower residents to improve their lives.”

The Development Company of the Year honor represents a milestone for BRIDGE Housing, which received the Gold award—its top designation—in a category that included both affordable and market-rate developers. The recognition caps what has been one of the strongest growth periods in the organization’s 42-year history.

In 2024, BRIDGE significantly expanded its footprint across California, Oregon, and Washington. That momentum continued into 2025, with portfolio growth of 9%, including the addition of nine new communities and 1,187 new or acquired affordable housing units. The nonprofit also added three new projects to its development pipeline as it nears a portfolio of 16,000 units.

The growth reflects a broader strategy aimed at accelerating both acquisitions and ground-up development, supported by partnerships with major financial institutions and innovative capital markets strategies. BRIDGE has also emphasized high-quality design and deep community engagement as central elements of its approach.

BRIDGE became the first affordable housing developer to issue tax-exempt construction bonds for one of the largest affordable housing projects in Portland, Ore., leveraging its strong credit rating.

Earlier this year, the nonprofit launched the BRIDGE Housing Impact Fund, with a goal of investing $1 billion to preserve and create affordable housing. It also closed on $175 million in taxable general-obligation bonds after increasing the offering in response to strong investor demand.

The company’s performance also underscores the role of Lombard, who has led BRIDGE since 2021 and was honored individually for his leadership.

Under Lombard’s tenure, BRIDGE has built a new leadership team with experience drawn from both the nonprofit and private sectors, with a particular focus on what the organization describes as efforts to “break the status quo,” especially in affordable housing finance. Those initiatives have helped reduce capital and construction costs, strengthen relationships with institutional investors, and expand resident support services.

Today, BRIDGE Housing serves more than 33,000 residents across 139 communities on the West Coast.

“Ken has dedicated his career to innovative real estate solutions that improve the quality of life in underserved neighborhoods,” said Kenneth Novack, chair of BRIDGE Housing’s board of directors. “His visionary leadership and the work of our incredible team have positioned BRIDGE for long-term growth that will extend our impact throughout the West Coast.”

Founded in 1983, BRIDGE Housing has helped create more than 23,000 affordable homes with a total development cost of $6 billion.

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Activism

Mayor Lee, City Leaders Announce $334 Million Bond Sale for Affordable Housing, Roads, Park Renovations, Libraries and Senior Centers

Saying “Oakland is on the move,” Mayor Barbara Lee announces results of Measure U bond sale, Dec. 9, at Oakland City Hall with city councilmembers and city staff among those present. Photo courtesy of the City of Oakland.

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Saying “Oakland is on the move,” Mayor Barbara Lee announces results of Measure U bond sale, Dec. 9, at Oakland City Hall with city councilmembers and city staff among those present. Photo courtesy of the City of Oakland.
Saying “Oakland is on the move,” Mayor Barbara Lee announces results of Measure U bond sale, Dec. 9, at Oakland City Hall with city councilmembers and city staff among those present. Photo courtesy of the City of Oakland.

By Post Staff

The City of Oakland announced this week that it is successfully moving forward on the sale of $334 million of General Obligation bonds, a milestone that will provide the city with capital funding for city departments to deliver paved roads, restored public facilities, and investments in affordable housing.

“Oakland is on the move and building momentum with this bond sale,” said Oakland Mayor Barbara Lee. “We are reviving access to funding for paving our streets, restoring public facilities we all use and depend upon, and investing in affordable housing for our community, all while maintaining transparency and fiscal discipline.”

“These bonds represent our city’s continued commitment to sound financial management and responsible investment in Oakland’s future,” said Lee.

“Together, we are strengthening our foundation for generations to come,” she said. “I’m grateful to our partners in the City Council for their leadership and support, and to City Administrator Jestin Johnson for driving this process and ensuring we brought it home.”

According to the city, $285 million of the bonds will support new projects and $49 million of the bonds will refund existing bonds for debt service savings.

Oakland issued the Measure U bonds on Dec. 4 after two years of delays over concerns about the city’s financial outlook. They all sold in less than a week.

The new money bonds will pay for affordable housing, roadway safety and infrastructure improvements, and renovations to parks, libraries, senior centers, and other public facilities under the city’s Measure U Authorization.

Citywide paving and streetscape projects will create safer streets for Oaklanders. Additionally, critical facilities like the East Oakland Senior Center and San Antonio Park will receive much-needed renovations, according to the city.

Some of the projects:

  • $50.5 million – Citywide Street Resurfacing
  • $13 million – Complete Streets Capital Program
  • $9.5 million – Curb Ramps Program
  • $30 million – Acquisition & Preservation of Existing Affordable Housing
  • $33 million – District 3: Mandela Transit-Oriented Development
  • $28 million – District 6: Liberation Park Development
  • $3 million – District 5: Brookdale Recreation Center Capital Project
  • $1.5 million – District 1: Oakland Tool Lending Library (Temescal Branch Library)
  • $10 million – District 3: Oakland Ice Center

“I recognize that many naysayers said we couldn’t do it,” said Johnson. “Well, you know what? We’re here now. And we’re going to be here next year and the year after. The fact is we’re getting our fiscal house in order. We said we were going to do it — and we’re doing it.”

Investors placed $638 million in orders for the $334 million of bonds offered by the City. There was broad investor demand with 26 separate investment firms placing orders.  The oversubscription ultimately allowed the city to lower the final interest rates offered to investors and reduce the city’s borrowing cost.

“The oversubscription ultimately allowed the City to lower the final interest rates offered to investors and reduce the City’s borrowing cost,” said Sean Maher, the city’s communications director.

“The Oakland City Council worked closely with the administration to both advance the bond issuance process and ensure that the community had a clear understanding of the City’s timeline and approach,” said Councilmember at-Large Rowena Brown.

“In September, the City Council took unanimous action to authorize the Administration to move forward with the bond sale because these funds are essential to delivering the very improvements our communities have long asked for – safer streets, restored public facilities, and expanded affordable housing,” she said.

Continuing, Brown said, “I want to extend my sincere thanks to City Administrator Jestin Johnson, Finance Director Bradley Johnson, and Mayor Barbara Lee for their leadership, diligence, and steady guidance throughout the City’s bond sale efforts.

“Navigating complex market conditions while keeping Oakland’s long-term infrastructure needs front and center is no small task, and this moment reflects tremendous professionalism and persistence,” she said.

Moody’s gave the city an AA2 rating on the bonds, its third-highest rating, which it gives to high-quality investment-grade securities.

There was both a tax-exempt portion and a taxable portion for the bond offering, reflecting the various uses of the bond proceeds, according to a statement released by the city.

The $143.5 million of tax-exempt bonds have a 30-year final maturity and received an all-in borrowing cost of 3.99%.  The $191 million of taxable bonds have a 24-year final maturity and received an all-in borrowing cost of 5.55%.

The $49 million in tax-exempt bonds that refinance existing obligations of the City resulted in $5.6 million of debt service savings for taxpayers through 2039, or $4.7 million on a present value basis.

Mayor Lee said that, based on her experience serving on the House Financial Services Committee of the U.S. Congress for more than 10 years, city staff has done an exemplary job.

“I have witnessed many cities go to the bond market throughout the years,” she said. “I can tell you with certainty that Oakland’s team is remarkable, and our residents should be proud of their reputation, their competence, and their deep knowledge of this very sophisticated market.”

Looking ahead to the final sale of the bonds, according to the city press statement, pricing marks the point at which the City and investors locked in the final dollar amounts, interest rates, and other key terms of the bond sale. This stage is commonly referred to as the sale date. At pricing, no funds are exchanged. The actual delivery of bonds and receipt of monies occurs at closing, which is scheduled within the next two weeks.

Capital projects receiving this funding will proceed on individual timelines based on their individual conditions and needs. At the time of closing, funding will be immediately available to those projects.

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