The Black Economic Alliance Foundation, Morehouse College, Spelman College. and Bank of America announced plans to develop the Center for Black Entrepreneurship, the first-ever academic center to assemble, educate, and empower a new class of Black entrepreneurial talent.
Co-located on the Morehouse and Spelman campuses, the Center for Black Entrepreneurship is powered by $10 million in funding from Bank of America, which will support the development of an academic curriculum, faculty recruitment, co-curricular programming, and the development of new physical space.
“Morehouse’s priority is empowering leaders to impact society, including entrepreneurs of color who produce new business models, create new industries, and disrupt the status quo as innovators, inventors, and paradigm shifters,” said David A. Thomas, president of Morehouse College. “The Center for Black Entrepreneurship adds important capacity to support our work with minority-owned businesses and current or future entrepreneurs who are gaining access to capital, creating jobs, leveraging technology, and developing the products and services that enhance the standard of living for us all.”
Mary Schmidt Campbell, president of Spelman College, added that “our students will learn to build strong businesses and create wealth for their families and their communities, all while obtaining a first-rate liberal arts education. We’ll hire top-tier faculty, support our students financially, continue to grow co-curricular programs that offer real-world experience, and offer courses online for those adults who are already in the workplace.”