Several national technology firms have invested more than $1.8 million into developing the National Business League’s digital solutions platform, which is designed to close the digital divide for Black-owned small businesses in response to the COVID-19 pandemic.
The NBL launched its new technology platform with several major initiatives, digitizing the 120 year-old organization’s entire operations online, including the creation of a new website and mobile app, the use of live streaming, social media platforms, on-demand virtual education and training center, and a host of other services provided to close the technology gap among Black-owned businesses.
Computech CXL, an $80 million tier-1, and MPS Group, a $120 million tier-1, Black-owned business led a group of technology firms, CatalystXL, Locostation, Naranjo Designs and several national technology firms, invested in and built out the organization’s digital solution platform to assist and measure the public and private sector, federal government and banking industry as a pipeline to engagement with the Black and minority business community.
Black-owned businesses have also been severely impacted by the COVID-19 pandemic, and the NBL digital solution platform will help these entities connect with the government and lending institutions virtually throughout America to efficiently participate in the CARES Act rollout.
There are more than 2.6 million Black-owned businesses in the United States that will be impacted severely by the coronavirus pandemic. Due to quarantine restrictions and government shut down of local small businesses, the NBL’s digital solutions platform will provide assistance for the disadvantaged, marginalized and technology deficient entrepreneurs who are inadvertently being affected by the digital divide in America.
“Due to the severity of the coronavirus impact on Black-owned businesses, the NBL and technology investors developed the leagues digital solutions platform to assist the federal government, major corporations and traditional lenders to ensure resources and opportunities reach underserved small businesses in America.”
The National Business League is the first and largest nonprofit, non-partisan, and non-sectarian, Black business professional and trade association, founded Aug. 23, 1900 by the iconic Booker T. Washington. The NBL has more than 120,000 members nationwide, with four regional offices in Atlanta, Georgia; Detroit, Michigan; Los Angeles, California, and Washington, D.C. and more than 360 local league chapters across the country. The organizations provide access to 2.6 million Black businesses throughout the United States, celebrating 120 years of service. Learn more at http://www.nationalbusinessleague.org.