11th Circuit Court temporarily blocks Fearless Fund's grants for Black women-owned businesses due to anti-affirmative action lawsuit.
The 11th Circuit Court of Appeals has temporarily blocked the Atlanta-based venture capital firm, Fearless Fund, from issuing grants reserved for Black women-owned businesses. The court's ruling sided with an anti-affirmative action group that filed a lawsuit against the program, which was dedicated to funding businesses founded by women of color. The case could have significant implications for race-conscious programs in the private sector, particularly in grant-giving and foundations.
June 03, 2024
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