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Friday, Oct 11, 2024

Black Beauty Shops Focus of Program

The nonprofit organization Local Initiatives Support Corp. Los Angeles announced late last month it is launching the Black Business Excellence Technical Assistance Initiative, or BBET, to support Black-owned personal care businesses in L.A. County.Partnering with Pacific Premiere Bank, which has a branch in Encino, and the James Irvine Foundation in Los Angeles, the BBET program will select annual cohorts of Black-owned beauty, health and wellness businesses to support with one-on-one business advising, networking opportunities and business education. Thirty businesses will be accepted for the first round.“We are proud to launch the BBET Initiative to support Black-owned small businesses and achieve our broader goals by providing economic opportunities for diverse communities,” Local Initiatives Support Corp. L.A. Executive Director Tunua Thrash-Ntuk said in a statement. “Black-owned personal care businesses were some of the hardest hit during the COVID-19 crisis – and we believe this program will help the most impacted communities to thrive.”“Pacific Premier Bank recognizes that small businesses suffered disproportionately throughout the pandemic, which is why we are supporting LISC and their BBET initiative with a grant of $150,000,” Sherri Scott, senior executive vice president at the bank, said in a statement.The inaugural cohort of the program will begin Sept. 20.

Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert is a Los Angeles-based reporter covering retail, hospitality and philanthropy for the San Fernando Valley Business Journal. In addition to her current beat, she is particularly interested in criminal justice topics, health and science stories and investigative journalism. She received her AA in Humanities from Moorpark College in 2016, her BA in Communication from Cal Lutheran University in 2019 and followed it up with a MA in Specialized Journalism from USC in the summer of 2020. Through her work, Katherine aspires to help strengthen the fragile trust between members of the media and the public.

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