MIT Sloan Management Review Article on Facilitating the Next Golden Age of Black Business

In recent years, a growing recognition of deep inequities in the global economy has served as a much needed push for financial institutions, philanthropic organizations, governments, and corporations to invest in Black business.

Take the example of the PNC Foundation, the philanthropic arm of PNC Financial Services, which in October 2021 donated $16.8 million to launch the Howard University and PNC National Center for Entrepreneurship. Howard University, a historically Black research university, will also work alongside other historically Black colleges and universities (HBCUs), such as Morgan State University, Clark Atlanta University, and Texas Southern University, to give the center a national footprint.

About the Author

Leon C. Prieto (@leoncprieto) is a professor of management at Clayton State University and a research fellow at the Judge Business School’s Centre for Social Innovation at the University of Cambridge. Simone T.A. Phipps (@drsimonephipps) is a professor of management at Middle Georgia State University and a research fellow at the Judge Business School’s Centre for Social Innovation.

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