
Grant Program for Black Female Business Owners to End After Court Settlement
A venture capital firm has ended its small business grant contest for Black women following a settlement in a racial discrimination lawsuit launched last year by a conservative nonprofit. The American Alliance for Equal Rights (AAER) initiated federal court proceedings in 2023, claiming the Fearless Fund’s Fearless Strivers Grant Contest, a $20,000 grant only for businesses where a Black female entrepreneur has at least a 51 percent stake, violated federal anti-discrimination laws. According to the Sept. 11 joint motion for dismissal filed in the U.S. District Court for the Northern District of Georgia, Atlanta, both parties agreed to settle the case with prejudice, meaning the legal challenge can’t be brought back before a court under any circumstances....
