As businesses big and small implement diversity initiatives in response to larger cultural conversations about race, identity and representation, a number of tech companies are working to make sure that those businesses actually put their money where their mouths are. Valence Enterprises Inc. and The Black Business Company (BBCO) have created platforms to connect Black-owned businesses, Black entrepreneurs, and their allies to new and established firms in order to catalyze both financial opportunities and cultural change.
Founded in 2019 with a mission to “create massive economic wealth for Black professionals,” Santa Monica-based Valence broadened its definition for client success after the Black Lives Matter protests in 2020 and seeing Black professionals disproportionately affected by the massive job losses caused by the pandemic.
“Our vision of the future is let’s make sure that we are participating in these great achievements of business,” Chief Executive Guy Primus told the Business Journal.
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