Court Blocks Fearless Fund's Grants for Black Women

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Source: The Washington Post
Court Blocks Fearless Fund's Grants for Black Women
Photo: The Washington Post
TL;DR Summary

The U.S. Court of Appeals for the 11th Circuit has temporarily blocked the Fearless Fund, an Atlanta-based venture capital firm, from awarding grants exclusively to Black women-owned businesses, citing potential racial discrimination. The decision follows a lawsuit led by affirmative action opponent Edward Blum and has significant implications for race-conscious programs in the private sector. The case is ongoing, with the Fearless Fund evaluating its legal options.

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