T.D. Jakes Foundation Weekly Updates – September 21, 2020

September 21, 2020

To help you navigate these uncertain times, we’ve compiled timely news and resources related to small business, education and connectivity. We hope this provides both information and comfort as we continue to weather these challenges.

T.D. Jakes Foundation in Action

Today, in the United States, there are approximately 2.6 million Black-owned businesses—a number has risen by more than 30 percent in the past decade. Click here to visit the T.D. Jakes Foundation’s helpful resource guide to help those looking for ways to support Black-owned businesses.

Need additional resources around STEAM? The T.D. Jakes Foundation has compiled a list of STEAM resources for the arts, coding, and engineering and even resources specifically for kids and teachers. Check out our STEAM resources here.

Employment and Business Assistance

Over the next five years, Mastercard has pledged $500 million to expand financial inclusion for Black individuals and businesses suffering from the COVID-19 pandemic. Mastercard’s new interconnected three-part initiative focuses on mobile transactions, increasing capital for Black-owned businesses and a partnership with government leaders to expedite city programs for seven hand-picked cities. Learn more via Fast Company.

More than 2 million Texans are currently out of work and, in response, the Texas Workforce Commission has committed $10 million dollars to a skills development fund to assist in job training. Read the full story via KHOU 11.

Racial and Gender Wealth Gap

The COVID-19 pandemic has widened the racial wealth gap as minority households are disproportionately affected by a loss of income. According to a national poll released this week, 62% percent of Latino, 60% of Black, and 55% of Native American households are facing serious financial problems since the pandemic began. Read the story in NPR.

Since February, women have lost over 6.1 million jobs, according to NWLC. This accounts for more than half of the overall job losses since the start of the COVID-19 crisis. In addition, new data released by the U.S. Census Bureau shows that, between 2018 and 2019, little to no progress has been made to close the overall wage gap between genders, with the average full-time working woman still earning just $0.82 for every dollar earned by men. Read the story in CNBC.

A new study from Deutsche Bank shows Black and Hispanic Americans are experiencing a “racial tech gap,” which could threaten their future ability to obtain employment and grow their wealth in a digitized economy. Learn more.

Education Update

In a recent blog post, Nicol Turner Lee, Senior Fellow – Governance Studies and Director – Center for Technology and Innovation for the Brookings Institution, highlighted steps that can be taken to overcome educational digital inequalities during COVID-19 and ensure all K-12 students can learn during school shutdowns and other uncertainties.

Dallas ISD along with 50 other organizations are joining Century Foundation’s Bridges Collaborative cohort to develop strategies that further equity in education. Learn more about their work here.

A recent McKinsey study found that the educational achievement gap has widened for Black students by 15 to 20 percent since the onset of school closures last spring. In an effort to combat the digital divide, which has been exacerbated by the COVID-19 pandemic, the Brookings Institute has put together several ideas for ensuring all K-12 students can continue to learn.

Natural Disaster Assistance

As the west coast fights extreme wildfires and the east coast continues to feel the effects of Hurricane Sally, FEMA is offering assistance. Find out more about the resources available via the FEMA website.

Together, we can and will get through this.


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