Clara Wu Tsai’s EXCELerate is a ‘win-win-win-win’ for Brooklyn and Black business

Wu Tsai grew up in Lawrence, Kansas, the daughter of two Taiwanese immigrants who loved the United States’ democratic ideals of freedom and justice for all.

Economic freedom, more specifically, has historically been more difficult to achieve for people of color.

That shooting was part of a string of police killings of Black people that rocked professional sports and the country alike to its core, including George Floyd’s death at the hands of a police officer and Breonna Taylor’s shooting death after police entered her home with a no-knock warrant.

BSE Global immediately pledged $10 million to the NBA Foundation and an additional $50 million over a 10-year span to provide economic empowerment to the Black community, primarily in Brooklyn.

A small business owner who identifies as BIPOC with a credit score lower than 620 would need a character reference to qualify for an EXCELerate loan.

“So it’s like a win-win-win-win for all of us, and that’s why it’s so important,” Bishop said.

“The inequities got worse, and they really became exposed,” she said.

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