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NFL, Ice Cube team up for economic-equity initiative for Black-owned businesses
The NFL is teaming up with Ice Cube.The league announced Thursday that it is partnering with Contract with Black America Institute, an economic inclusion-focused initiative led by artist and entrepreneur O'Shea Jackson, who is known as Ice Cube. "We feel like if you tackle the huge wealth gap between Black people and white people in this country, that should solve a lot of problems that's there," Ice Cube said on the AP Pro Football Podcast. "Our thing was to go after some of the biggest companies in the country that rely on Black consumers or Black workers, and the biggest one that we focused in on was the NFL." Ice Cube, his longtime business partner and entertainment lawyer Jeff Kwatinetz, and advisors Ja'Ron Smith and Chris Pilkerton started this initiative in 2020. They worked with Troy Vincent, the NFL's executive vice president of football operations, and presented the idea to NFL commissioner Roger Goodell. Already, the NFL has spent and allocated $125 million with Black owned-and-operated businesses such as Ariel Investments, CityFirst/Broadway Bank, Cover Communications, and Fearless Technology during the last year.
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