Black Business

Target Progresses on Investing $2 Billion in Black-owned Businesses

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In April of 2021, Target made a commitment to spend  $2 billion with Black-owned businesses by 2025. The general merchandise retailer vowed to expand the number of Black-owned brands available in Target stores as well as spend more with Black-owned suppliers. Target plan is exemplifying their purpose through an end goal that creates more equitable […]

Sneaker Studio FCTRY Lab Acquires $6 Million Fundraise; One of the Largest Investments in a Black Founder in 2022

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FCTRY LAb is a BIPOC-led, LA-based footwear prototyping lab and venture studio that aims to democratize sneaker production and open-source innovation for emerging and established designers and brands of all sizes. FCTRY LAb’s fundraiser for their launch on December 15th is one of 2022’s largest investments in a Black Founder. Visit streaming.thesource.com for more information […]

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