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Coalition Announces New $1B Initiative to Empower Low-Income Americans
“NEW YORK (July 17, 2025) – Today, a coalition of foundations and philanthropists—Ballmer Group, Gates Foundation, Stand Together, Valhalla Foundation and John Overdeck—announced NextLadder Ventures, a $1 billion initiative grounded in the belief that every American has the potential to achieve economic prosperity and focused on fostering technology and tools to expand economic opportunity for low-income Americans. Over the next 15 years, NextLadder Ventures will invest in entrepreneurs developing personalized solutions that help individuals and families navigate critical moments—like job loss, housing instability, or health crises. These approaches will be designed with and for the people who need them most. The […]

Sen. Tim Scott Stays Silent as His Minority Business Legacy Crumbles
"Senate Banking Chair Tim Scott (R-S.C.) has spent years boosting a federal program to support minority-owned businesses. President Donald Trump's administration dismantled it in a matter of weeks.


