GRANT GRAB: Court Blocks VC Firm from Issuing Grants for Black Women-Owned Businesses, Sparks Legal Battle Over Affirmative Action
Atlanta, GA – A recent ruling by the U.S. Court of Appeals for the 11th Circuit has temporarily halted an Atlanta-based venture capital firm from awarding grants exclusively for Black women-owned businesses. The appeals panel stated that allowing such grants would likely lead to discrimination against business owners of other races, marking a significant legal battle over civil rights and affirmative action in the private sector. The case revolves around the Fearless Fund, a venture …