Today, Clark Atlanta University in a partnership with the Black Economic Alliance Foundation (BEA Foundation), a national nonprofit organization that promotes generational wealth-building for the Black community, announced a funding partnership with Cisco, a leading systems technology company. The commitment includes over $4 million in grants and direct technical services toward the development of the Center for Black Entrepreneurship (CBE) and $1 million towards the BEA Entrepreneurs Fund. Cisco’s generous commitment advances the future development of the CBE’s graduate programming at Clark Atlanta University and expands current CBE programming at Spelman and Morehouse Colleges, supporting the next generation of Black entrepreneurial talent in the Atlanta area.
“The Center for Black Entrepreneurship and the BEA Entrepreneurs Fund are tangible solutions to advance work, wages, and wealth across the Black community,” said Samantha Tweedy, President of the Black Economic Alliance Foundation.”We’re thankful to Cisco for their generous support and strategic partnership in advancing the vision of the CBE and investing in Black entrepreneurs who will multiply prosperity for our community and, in so doing, grow the American economy.”
“Preserving the legacy and sustainability of Historically Black Colleges and Universities is a global, companywide priority for us,” said Fran Katsoudas,Chief People, Policy and Purpose Officer and Executive Vice President at Cisco. “By supporting the Center for Black Entrepreneurship launch and establishing the BEA Entrepreneurs Fund, Cisco hopes to inspire Black entrepreneurs of the future from three of our nation’s most prestigious HBCUs, putting our social justice beliefs into action. Today’s announcement is part of Cisco’s unique, sustaining commitment of over $150 million as part of our partnership with HBCU’s across the country, strengthening our workforce and providing access to education and technology.”