ESSENCE + New Voices Entrepreneur Virtual Summit and New Voices + Target Accelerators $100K Pitch Competition

As the novel coronavirus continues to spread across the nation and the world, Black communities are being impacted at drastically disproportionate rates. However, while the impact of COVID-19 shines a spotlight on the already fragile health and economic ecosystems of Black communities and Black-owned small businesses, economic recovery efforts – such as the quickly-depleted initial $349 billion Paycheck Protection Program in the CARES Act – are not effectively reaching many of the entrepreneurs and businesses most in need. To help address this, ESSENCE, the leading media, technology, and commerce company serving Black women, today announced the creation of the ESSENCE Benefit Seriesä to Fight COVID-19 to assist Black-owned small businesses and organizations across the country impacted by the pandemic.

The ESSENCE Benefit Series to Fight COVID-19 kicks off with the first-ever ESSENCE + New Voices Entrepreneur Virtual Summit and New Voices + Target Accelerators $100K Pitch Competition – which will be streamed live on ESSENCE Studios on Friday, April 24th, from 10:00 AM – 6:00 PM ET. The Entrepreneur Virtual Summit will equip Black business owners with valuable tools needed to navigate this unprecedented time, including access to capital, practical insights, and critical resources. The Summit will also include the New Voices + Target Accelerators $100K Pitch Competition, featuring 10 women entrepreneurs pitching their businesses to receive critical funding combined with coaching, mentoring, and personalized business skills development.

The Entrepreneur Virtual Summit will feature informative sessions with some of the most influential business leaders across industries, covering topics including Navigating Coronavirus Relief; Raising Capital Right Now; Adapting During Crisis; Managing the New Normal; Developing A Winning Playbook: Now & Post-COVID and more. Speakers include Robert F. Smith, Chairman, Vista Equity Partners, LLC; Caroline Wanga, Chief Diversity, and Inclusion Officer and Vice President of Human Resources, Target Corporation; Bozoma Saint John, Chief Marketing Officer, Endeavor; Marcus Samuelsson, Chef and Restaurateur; Melissa Butler, CEO, The Lip Bar; Elisa Shankle, Wellness & Lifestyle Expert; Nicole Valentine, Chief Executive Officer, Synergy Business Development; Robin McBride, Co-founder, McBride Sisters Wine Collection; and more.

During this Summit and each to follow in the Benefit Series – as well as throughout this crisis, virtual attendees will have an opportunity to support Black-owned businesses that are in critical need of access to funding and resources by donating to the New Voices Foundation. The New Voices Foundation, a 501(c)(3) organization driven by its PACE (Purpose.Access.Capital.Expertise) model and founded by serial entrepreneur and social impact investor Richelieu Dennis, is committed to creating a more inclusive entrepreneurial ecosystem and currently has 13,000+ women of color entrepreneurs on its platform. Offering leadership development, flexible funding, skills-building and networking opportunities to build, grow and scale their businesses with purpose, the Foundation operates with a multi-pronged approach and services that entrepreneurs can access free of charge, including mobile accelerators, coaching and mentoring, pitch competitions, online masterclasses, and more.

Upcoming virtual experiences in the ESSENCE Benefit Series to Fight COVID-19 include the first-ever ESSENCE Festival of Culture: The Virtual Edition (July 4th weekend), as well as other summits, focused on entertainment, personal finance, technology, essential heroes and more.

 “We have long known about the systemic healthcare and economic inequities that are causing Black communities and businesses to fare worse than others during the COVID-19 global pandemic, but we also now see that we are in danger of losing critical progress as a community unless urgent and meaningful actions are taken,” said Dennis, also founder & chair of Essence Ventures, the parent company of ESSENCE. “Black-owned businesses serve as economic engines in our communities across the nation, and entrepreneurship and ownership remain the most viable paths to bridging the abysmal wealth gap and creating generational wealth. Yet, as critical initial stimulus funding ran out without reaching many of those who need it most and with new funding not guaranteed to reach these same businesses, not enough is being done to help ensure their post-pandemic financial survival and the long-term health of our communities.”

Dennis continued, “The ESSENCE Benefit Series to Fight COVID-19 and each of its virtual summits are a direct response to this dire need. While ESSENCE has used its platform over the past 50 years to support entrepreneurs and provide commerce opportunities for Black-owned businesses, we have accelerated these efforts – particularly with investments in digital and technology innovation – since returning the brand to 100% Black ownership in 2018. Now, operating under our Community Commerce purpose-driven model of elevating communities by providing access and opportunities that lead to sustainable economic empowerment, this is how ESSENCE will continue to serve our community in this crisis and beyond. We’ve always been able to count on each other – and that is more important now than ever.”

ESSENCE’s cultivation of entrepreneurship and commerce within Black communities has previously included supporting more than 3,000 small businesses at the ESSENCE Festival of Culture Marketplace; featuring more than 100 small businesses on the Shop ESSENCE platform; engaging hundreds of small business owners in Louisiana to participate in the Pipeline Initiative to grow entrepreneurship and technical career opportunities; and more.

At the outset of the global pandemic designation in March, ESSENCE created the ESSENCE of the Matter: COVID-19’s Impact on Black America digital platform to provide Black women and communities with the tools, information, resources, solutions, inspiration, and empowerment needed to address the multitude of issues arising from the novel coronavirus crisis. The ESSENCE Benefit Series to Fight COVID-19 will now become a central part of this effort, which to date has included the first-ever virtual ESSENCE Wellness Houseä and ESSENCE CARES Act information sessions. In addition, the ESSENCE editorial team produces daily content on a dedicated page to educate the community on the coronavirus, its impact, and how to survive and thrive in this time.

The ESSENCE + New Voices Entrepreneur Virtual Summit is powered by Microsoft and brought to you by SheaMoisture and Advancing Black Pathways by JPMorgan Chase. To register for the ESSENCE + New Voices Entrepreneur Virtual Summit or for more details, visit ESSENCE.com.

About Essence Communications Inc.

Essence Communications is the number one media, technology, and commerce company dedicated to Black women and inspires a global audience of more than 20.2 million through diverse storytelling and immersive original content. With a multi-platform presence in publishing, experiential and online, ESSENCE encompasses its signature magazine; digital, video and social platforms; television specials; books; as well as live events, including Black Women in Music, Black Women in Hollywood, Street Style and the ESSENCE Festival. Essence Communications is owned by Essence Ventures, an independent Black-owned consumer technology company focused on merging content, community, and commerce to meet the evolving cultural and lifestyle needs of people of color.

ESSENCE FULL CIRCLE FESTIVAL LAUNCHES IN SUPPORT OF CULTURAL OWNERSHIP AND ECONOMIC COLLABORATION IN AFRICA AND BUILDING BRIDGES BETWEEN AFRICANS ON THE CONTINENT AND IN THE DIASPORA

Essence Ventures, an independent Black-owned consumer technology company merging content, community, and commerce to meet the evolving cultural and lifestyle needs of people of color and the parent company of Essence Communications, Inc., today announced that it has partnered with Full Circle Festival, LLC to create the ESSENCE Full Circle Festival.  The ESSENCE Full Circle Festival partnership will focus on a three-part mission: (1) supporting cultural ownership and economic collaboration among Africans on the continent and people of African descent in the Diaspora; (2) connecting Black communities globally for the exchange of ideas and shared objectives that leads to cultural monetization and community reinvestment; and (3) facilitating the learning and discovery of the many facets of Africa’s beauty, excellence and opportunity globally.  In addition, the annual ESSENCE Full Circle Festival experience will focus on showcasing African nations increasingly as global destinations by highlighting their critical roles as ancestral, spiritual, cultural and commercial epicenters.

 

“As someone born and raised in West Africa and who has spent adulthood in the U.S., there is no greater joy than forging partnerships with a purpose rooted in the elevation and the promise of the people of the African continent and the Diaspora,” said Richelieu Dennis, founder, and chair of Essence Ventures.  “My family and I spent three decades building a global beauty business and business model that empower, among others, women Shea butter processors in Northern Ghana – women just like my grandmother.  We believe economic inclusion is a human right, and now with ESSENCE Full Circle Festival, our continued goal is to be catalysts and connectors for long-term economic empowerment, growth and cross-sector job creation in Black communities globally through increased engagement, innovation, entrepreneurship, and investment.”

 

The 2019 ESSENCE Full Circle Festival will take place in Accra in December and complete the Year of Return commemoration – marking 400 years since the first slave ships left Ghanaian coasts for the transatlantic slave trade.  This specially-curated, week-long immersion will enable engagement between U.S.-based cultural influencers and business executives with Ghanaian and regional leaders and communities, including explorations of history, cuisine, music, fashion, beaches, nightlife, commerce and more.

 

“This partnership recognizes Ghana’s role as a beacon for people of African descent in this Year of Return,” said Ghanaian President Nana Akufo-Addo.  “The Year of Return, Ghana 2019, is a conscious effort to cement our pan-African legacy.  Throughout the Year, the Tourism Authority has worked with several partner organizations to welcome home our brothers and sisters from the Diaspora.  The Essence Full Circle Festival is a welcome addition to the activities and will hopefully become one of the legacies of the year which celebrates African resilience.”

 

The inaugural Full Circle Festival also included the participation of President Akufo-Addo and took place in Accra on December 2018, led by Full Circle Festival, LLC partners Boris Kodjoe, Patrick Kodjoe, Bozoma Saint John – all of Ghanaian descent – and Nicole Ari Parker.  More than 120 invited guests including business executives, influencers, and celebrities from the United States traveled to Ghana for cultural engagement and ancestral reconnection, resulting in nearly 10,000 positive social media posts and half a billion media and social impressions, as well as an estimated economic impact of more than $70 million in tourism revenue.

 

The 2019 ESSENCE Full Circle Festival will include the first ESSENCE Global Black Economic Forum: Africa, which will convene entrepreneurs, executives, entertainers and government officials to discuss how new opportunities for economic development and cultural exchange can be created.  This inaugural international Global Black Economic Forum will explore topics including connectivity within the African diaspora, environment and sustainability, post-colonialism, contemporary racial dynamics, entertainment and fashion industry growth, and other themes via a series of panel discussions, keynotes, and interactive sessions.  A solution-driven dialogue will be at the core of this event, which will include ESSENCE Full Circle Festival guests as well as local and regional participants.

 

“In furthering our mission to serve Black women deeply across the globe, ESSENCE is honored to answer the call to ‘Return’ with the creation of the ESSENCE Full Circle Festival, beginning with Ghana and subsequently extending across the continent,” said Michelle Ebanks, CEO of Essence Communications, Inc.  “We are grateful to be able to use the power of our platforms and the influence of our networks to positively impact narratives about Africa, as well as positively impact the people of Africa and the Diaspora through cultural and economic exchange.  We are thrilled to celebrate the Year of Return and our African ancestry, culture, and achievement in the vibrant country of Ghana as we reconnect over our heritage, connect over new experiences and co-create viable opportunities for the future.”

 

To capture the diversity of images and narratives that truly reflect the country and culture, ESSENCE Full Circle Festival participants are encouraged to share their first-hand experiences via their social and digital platforms.  In addition, select events will be live-streamed for broader community participation, engagement, and input.  Lastly, with the goal to inspire, encourage and assist as many people of African descent to visit the continent as possible, ESSENCE Full Circle travel packages will become available to the public in 2020.

 

“It’s so important that as people of African descent, we see and feel the beauty of the continent and the majesty of our people for ourselves,” said Full Circle Festival, LLC co-founder Boris Kodjoe.  “There isn’t a more transformative and empowering experience than to honor the Year of Return and its 400-year history while in Ghana reconnecting with our cultural heritage, celebrating our ancestry and co-creating our future with our brothers and sisters on the continent.  I hope that our ESSENCE Full Circle Festival partnership will ultimately encourage more people to visit nations across Africa, as well as serve as an example of the impact that can be made when we join in the spirit of collective purpose and progress.”

 

About Essence Ventures

Essence Ventures is an independent Black-owned consumer technology company merging content, community, and commerce to meet the evolving cultural and lifestyle needs of people of color.  The company began in 2017 and is chaired by its founder – entrepreneur, investor and social impact innovator Richelieu Dennis.

 

About Essence Communications Inc. 

Essence Communications is the number one media company dedicated to Black women and inspires a global audience of almost 25 million through diverse storytelling and immersive original content.  With a multi-platform presence in publishing, experiential and online, ESSENCE encompasses its signature magazine; digital, video and social platforms; television specials; books; as well as live events, including Black Women in MusicBlack Women in HollywoodStreet Style and the ESSENCE Festival.  Essence Communications is owned by Essence Ventures.

ESSENCE CAMPAIGN ANNOUNCED ON THE HEELS OF THE ICONIC BASKETBALL PLAYER’S REVEAL OF HIS LATEST COLLABORATION WITH DESIGNERS FROM HARLEM FASHION ROW

ESSENCE, the leading media, technology, and commerce company serving Black women, today will launch The Strongest—a captivating new social media campaign highlighting sixteen Black women who exemplify strength to NBA star LeBron James. The announcement comes fresh off the heels of the sports icon’s exclusive reveal of his latest Nike signature shoe collaboration—designed by three African-American women—during Harlem Fashion Row’s (HFR) annual gala last night, where he was honored with the HFR Icon Award.

Featured Photo from Essence

In The Strongest, viewers will be moved by stunning images of these sixteen women who inspire us all through their various roles as activists, trendsetters, family, athletes, business leaders, journalists, content creators, and entertainers.  The list of names includes James’ wife Savannah James; his mother Gloria James; tennis icon Serena Williams; Emmy-award winning writer/actress Lena Waithe; Olympian Simone Biles; TV commentator Cari Champion; Marketing Executive Bozoma Saint John; his Nike shoe collaborators, designers Fe Noel, Kimberly Goldson and Undra Celeste; and many more. In bringing these stories to life, James’ goal is to encourage a celebration focused on women of color from a place of positivity.

James, who is known for using his popular platform to empower those making a positive impact in their communities, felt it was important to bring in previously unheard voices as he embarked on this journey to reveal his definition of strength to the world. Showcasing everyone from celebrity to CEO, he enabled and empowered women of color to be a part of this movement in front of the camera and behind the scenes.

For more exclusive photos, footage and a full list of The Strongest, please visit ESSENCE.com and join the conversation @ESSENCE via Instagram, Facebook, and Twitter.

About Essence Communications Inc.
Essence Communications is the number one media company dedicated to Black women and inspires a global audience of more than 15 million through diverse storytelling and immersive original content.  With a multi-platform presence in publishing, experiential and online, ESSENCE encompasses its signature magazine; digital, video and social platforms; television specials; books; as well as live events, including Black Women in MusicBlack Women in HollywoodStreet Style and the ESSENCE Festival.  Essence Communications is owned by Essence Ventures, an independent African-American owned company focused on merging content, community, and commerce to meet the evolving cultural and lifestyle needs of women of color.