Magic Johnson Establishes $100 Million Fund To Support Black Businesses

In some ways it could be argued that as an entrepreneur, Magic Johnson is as agile and rugged off the court as he was while playing professional basketball. In times of economic need spurred by COVID-19, he is making moves to support businesses owned by Black people. This article announces his company’s $100 million dollar loan program to help Black and other business owners of color, pay their employees. While his offer follows an earlier federal government initiative designed to help business owners, his initiative focuses on making sure the owners who most need support get it.
 
As you read what follows, note Johnson’s keen awareness of the need for Black business owners to be examples of achievement for youth. That continues to be his heartfelt source of inspiration for setting high bars and achieving beyond prescribed limits. To read more and be enlivened by this example of Black self-help, click here.

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