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Rev. Jesse Jackson Partners with Intel on $300 Million Diversity Initiative, Honors the 40 Best Companies for Diversity & Talks Access to Capital During the
18th Annual Rainbow PUSH Wall Street Project Economic Summit
Intel’s CEO Brian Krzanich, Black Enterprise’s CEO Earl G. Graves, Silicon Harlem Founder Clayton Banks, McDonald’s Global Chief Diversity Officer Pat Harris & Nationwide’s Chief Administrative Officer Gale V. King, Co-Host CNN’s Crossfire/President and CO-Founder Rebuild the Dream Van Jones and others Kick Off Day 1
Sheraton New York Times Square | 53rd Street @ 7th Ave. | January 13 – 15, 2015
Click, to Download Images from Day One, we will update daily.
(New York, NY) January 13, 2015 – Rev. Jesse L. Jackson kicked off the first day of the 18thAnnual Wall Street Project Economic Summit, “Where Wall Street, Main Street & Silicon Valley Converge,” today in New York City with a one-on-one conversation with Intel’s CEO Brian M. Krzanich to discuss his vision and implementation of the company’s $300 Million diversity and inclusion initiative. The Summit along with Black Enterprise magazine presented the 40 Best Companies for Diversity, discussed how to improve minority hiring, access to capital and how to secure venture capital — the day ended with an opening reception hosted by actor, comedian Mark Curry.
Jackson held a conversation with Krzanich, who talked about how Intel can help provide the solution to closing the technology gap. “We want to hire more minorities who will be the hiring power to create more diversity within Intel. We want to hire the best and brightest women and minorities to provide opportunities at Intel,” Intel CEO Brian Krzanich said. “We want to create more scholarship programs and make the transition to Silicon Valley much better.”Krzanich also announced plans to release diversity data on their supply chain.
Jackson applauded the game changing initiative, saying, ““RainbowPUSH argues companies must set measurable diversity and inclusion goals, targets and timetables. Intel has done just that, and more. Intel CEO Brian Krzanich is demonstrating visionary leadership by committing the company to a bold new hiring and retention goal to mirror the face of America in its U.S. workforce by achieving full representation of women and under-represented minorities at Intel by 2020. Intel’s “parity 2020” commitment is a game-changer with the potential to fundamentally transform the diversity and inclusion landscape in the technology industry.”
The founders of Silicon Harlem – Bruce Lincoln and Clayton Banks – led a panel discussion on encouraging and creating collaborations for tech driven economic development. They were joined by representatives from Silicon Valley and Silicon Alley in the Urban Tech Boom session.
Black Enterprise magazine hosted the Tuesday Diversity luncheon, and along with the Summit released a report on the 40 Best Companies for Diversity. According to Black Enterprise magazine a growing number of corporations place diversity on the back burner. Editor-in-Chief Derek T. Dingle, SVP/COO at Black Enterprisemagazine said, “… African American inclusion sharpens the competitive edge – it is a must!” Click here for the entire report. “We engage in a qualitative and quantitative analysis of each company,” Dingle added. “These 40 best companies serve as “exemplars for their peer group to measure up. This list is extremely important in terms of where corporate America needs to be.” Earl G. (Butch) Graves, Jr., President & CEO of Black Enterprisemagazine, said “embracing diversity is no longer a nice thing to do, but a business imperative …There is a GDP cost for not embracing diversity. That GDP cost has never been measured.”
The Access to Capital session was packed with anxious entrepreneurs wanting to learn more about gaining access to investing. “Within our community, we do not have angel investors,” said Hank Williams. Williams was among attendees looking for advice on how to increase his bottom line. Jeanne M. Sullivan, Co-Founder, StarVest Partners, and Chief Inspiration Officer, offered the following advice: “understand who you are calling on, (either as an institution or as an angel investor); be able to pitch effectively; be street savvy on the financial side of the business; and show how you will executive your plan.”
The Wall Street Project Economic Summit will also reveal The Challenge of MWBE Investment Firms: Managing Money for Corporate Pension Funds, Endowments & Foundations on Wednesday, January, 14thduring the Money Where It Matters at 9:45 a.m. in the New York Ballroom East, 3rd Floor.
Media attending the Summit should report to:
Media Room | Carnegie Suite East, located 3rd Floor – Media should check in to receive credentials (must be pre-approved)
Media Room Office Hours
Wednesday, January 14 | 7:30 a.m. – 6:00 p.m. | Thursday, January 15 | 8:30 a.m. – 3:00 p.m.
*Email email@example.com to register and cover the Summit
PRESS BRIEFINGS | Riverside Suite, 3rd Floor
The 2014 Honorary Co-chairs are: Cloves C. Campbell, Jr., Chair, National Newspaper Publishers Association (NNPA), Cynthia D. DiBartolo, Esq., Chief Executive Officer, Tigress Financial Partners LLC and Chairperson, Greater New York Chamber of Commerce, Earl G. (Butch) Graves, Jr., President & Chief Executive Officer, Black Enterprise, Alfred C. Liggins, Chief Executive Officer and President, Radio One, Inc./TV One, LLC, The Honorable Charles B. Rangel, U.S. Representative, D-NY 13th Congressional District, James Reynolds, Jr., Co-Founder, Chairman and Chief Executive Officer Loop Capital Markets, John W. Rogers, Jr., Chairman, CEO & Chief Investment Officer, Ariel Investments, LLC, and Clifford C. Swint, Executive Vice President, Capital Markets, MFR Securities, Inc.
The Wall Street Project Economic Summit brings entrepreneurs, corporate executives and the nation’s political leadership together to increase business and employment opportunities for minorities. The Rainbow PUSH Coalition is a progressive organization protecting, defending and expanding civil rights to improve economic and educational opportunity. The full agenda can be found online at www.rainbowpushwallstreetproject.org. Live broadcasts of some sessions can be viewed at www.facebook.com/enovativetv.