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BIG3 CERTIFIED AS A BLACK-OWNED BUSINESS

The BIG3 announced that the league has been officially certified as a Black-Owned and Operated business by ByBlack and the U.S Black Chambers Inc. This certification establishes the league as part of the ByBlack network and distinguishes the BIG3 as the first and only professional sports league to be certified.

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BIG3 is First Professional Sports League to Be Certified by ByBlack, the U.S. Black Chamber of Commerce, as a Black-Owned and Operated Business

LOS ANGELES /PRNewswire/ — The BIG3 announced that the league has been officially certified as a Black-Owned and Operated business by ByBlack and the U.S Black Chambers Inc. This certification establishes the league as part of the ByBlack network and distinguishes the BIG3 as the first and only professional sports league to be certified.

“Myself and the entire league are honored to be officially certified by ByBlack and the U.S. Black Chambers,” said Ice Cube, BIG3 CEO and co-founder. “From day one, the league has been dedicated to providing opportunities for Black players, fans, investors, and partners, and we are proud to be a part of a nationwide network of Black business owners. Supporting Black enterprise is a lifelong passion of mine and the BIG3 will continue to build upon its successes and lift up other Black entrepreneurs.”

“USBC is energized by the BIG3 basketball league becoming a certified ByBlack business. This is the first step of what we deem to be a fruitful partnership, with Ice Cube’s commitment to helping other Black-owned businesses get ByBlack certified. We applaud Ice Cube for leading the way in this initiative and it is our goal to continue this partnership by collaborating with Ice Cube, BIG3, and other Black-owned businesses in the sports and entertainment industry,” said Ron Busby Sr., USBC CEO & President.

As a league focused on innovation, the BIG3 had several new enhancements to the player and fan experience across their fifth season. The league introduced the first-of-its-kind Forever Experience Action Tokens (FEATs), which leverages blockchain technology to sell NFTs offering ownership-like benefits and real-world experiences, redefining how teams and leagues can use Web3.0 technology. Owners include a community of Axie Infinity Members – owners of the now three-time-champion Trilogy – DeGods, Gary Vaynerchuk and VeeFriends, Bill Lee and MyDoge/DogeCoin, Krause House, and Snoop Dogg and PayPal Co-Founder Ken Howery.

Recently, Ice Cube also co-founded the Contract with Black America Institute and struck a landmark partnership with the National Football League to have the league invest and partner directly with Black-owned businesses with over $125 million committed and efforts are ongoing. This strategic partnership with the U.S. Black Chambers, Inc. equips the BIG3 with a direct pipeline to Black businesses at every stage, Black Chambers’ at a national level, and a recognized national certification through ByBlack, all of which will support the league and its founders in its commitment to Black entrepreneurs.

The BIG3 also introduced Heat Vision, an exclusive 3-on-3 shot tracking software powered by Microsoft Azure and Noah Basketball Analytics, allowing BIG3 players and coaches access to real-time data on every single shot, including arc, rotation, and depth. Last season also saw the Monster Energy BIG3 Celebrity Game, featuring stars like Rob Gronkowski, Nelly, NLE Choppa, and Wallo267 and Gillie Da Kid.

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The BIG3 will announce the complete schedule with broadcast dates and venues in the coming weeks.

ABOUT BIG3:
BIG3 (BIG3.com) is where FIREBALL3 superstars play. The premier global BIG3 league features many of the greatest, most popular, and skilled professional athletes of all time. Founded by producer, actor, and music legend Ice Cube and entertainment executive Jeff Kwatinetz, the BIG3 combines highly competitive, physical, fast game experiences and incredible fan experiences.

ABOUT BYBLACK:
At ByBlack, our mission is to create meaningful economic opportunities for Black people through the Black businesses in our communities. We realize this goal by building bold tools and strategic partnerships that enable Black enterprises to grow and thrive. We are a nonprofit, 501(c)(3) organization, developing everyday solutions to the generational problems of the Black economic agenda. Visit www.byblack.us for more information.

 

SOURCE BIG3

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Business and Finance

5 Steps Students Can Take Toward Entrepreneurial Careers

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5 Steps Students Can Take Toward Entrepreneurial Careers (Family Features) Entrepreneurship is a career goal for many working adults. Autonomy and personal satisfaction are just a couple of the benefits of running your own business. It’s a professional path about 3 in 5 teens would prefer over a traditional job, according to a survey by Junior Achievement (JA). Running a successful company depends on multiple factors, including a solid business plan, adequate startup resources and a receptive market, as well as a strong sense of responsibility, work ethic and ability to persevere under pressure. Beginning to shape the skills and mindset necessary to flourish as an entrepreneur can begin well before entering the workforce. In fact, even students in junior high and high school can begin working toward entrepreneurial goals with these tips from JA, a nonprofit that inspires and prepares young people by delivering lessons in financial literacy, work and career readiness. 1. Select Electives Wisely Students don’t have to wait until they’re in college to begin developing business skills and knowledge. If they have the ambition and drive to become an entrepreneur, they may find it beneficial to complement the classes needed for graduation requirements with electives that allow them to explore their interest in the business world. Some examples include accounting, marketing, finance, economics, psychology and computer science. 2. Make Part-Time Work Meaningful Many students enter the workforce in high school to start practicing money management and contribute to expenses like gas and car insurance. While most jobs available to students are service oriented and fall outside the business world, it doesn’t hurt to explore options that put students closer to their entrepreneurial ambitions. For example, local small businesses may be willing to hire someone eager to learn. 3. Take Part in Programs Kids can challenge themselves by putting their knowledge into practice as real-world entrepreneurs. For example, JA’s Company Program is an immersive program that fosters creativity, critical thinking and business acumen, offering students unique opportunities to explore the world of business and economics by creating real companies. Participants learn to present their business plans and results during competitions that offer learning opportunities. Additionally, at the Future Bound competition (made possible through the support of businesses including Chick-fil-A, Delta Air Lines, Pacific Life Foundation and Staples), participants took part in seminars and mentorship. The event featured four programs that empower students with entrepreneurship and financial literacy skills – the Company of the Year National Competition, the Social Innovation Challenge, the Titan National Competition and the National Stock Market Challenge. 4. Seek a Strong Mentor Some of the best learning comes from emulating others who are successful in their fields. Meeting regularly with someone who serves as a role model can help students sharpen their vision for the future and learn from the experiences that propelled professionals into their current positions. 5. Define a Future Vision Creating an inspiration board can help motivated students compile and organize ideas. This board, whether physical or digital, can serve as a source of inspiration and help motivate students to identify and overcome obstacles while working toward bringing their visions for careers as entrepreneurs to life. Find more ideas to help students gain confidence and skills for future education and careers, and learn more about the competitions, at jausa.ja.org.   Photo courtesy of Shutterstock   collect?v=1&tid=UA 482330 7&cid=1955551e 1975 5e52 0cdb 8516071094cd&sc=start&t=pageview&dl=http%3A%2F%2Ftrack.familyfeatures SOURCE: Junior Achievement

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financial wellness

Older adults with dementia misjudge their financial skills – which may make them more vulnerable to fraud, new research finds

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Older adults generally have a good sense of their own financial abilities – unless they have dementia. shapecharge/E+ via Getty Images
Ian McDonough, Binghamton University, State University of New York Older adults diagnosed with dementia lose their ability to assess how well they manage their finances, according to a recent study I co-authored in The Gerontologist. In comparison, people of the same age who don’t have dementia are aware of their financial abilities – and this awareness improves over time. For our study, we used data from over 2,000 adults in the U.S. age 65 and older, collected during a long-term study on aging. We focused on how participants’ financial skills changed over time. The study began in 1998 and is still running, but we probed data collected between 1998 and 2009. Participants were assessed at one year, two years, five years and 10 years for their ability to carry out everyday tasks, including ones that required handling money. For example, they had to calculate the cost of a gym membership and a store discount rate, fill out part of a tax return and assess the cost of medical services. They also rated how well they thought they could do everyday financial tasks. Initially, none of the participants were diagnosed with dementia, but over the course of the decade, 87 participants, or 3.1%, received a dementia diagnosis. We found that even though participants’ performance on financial tasks declined as they aged, older adults who did not have dementia and older adults who had mild cognitive impairment were appropriately aware of their financial abilities. What’s more, that awareness increased over time. However, participants who were diagnosed with dementia during the study and experienced severe cognitive decline often misjudged how well they performed financial tasks.
Financial scams targeting older adults are on the rise.
The lack of insight into one’s cognitive abilities is called anosognosia. This study reveals a new type called financial anosognosia.

Why it matters

As people get older, their financial management skills start to deteriorate. The combination of a lifelong accumulation of wealth, declining financial abilities and a lack of awareness of those declines puts older adults at serious risk for financial scams. Few tools are available that can support families in helping cognitively impaired adults manage their finances. Our research suggests that there is a critical window of time after people begin to experience cognitive decline during which they are still aware of their financial abilities. We believe that this is when people can take action to secure their finances and develop systems to protect themselves from fraud.

What still isn’t known

Close friends or family members are often tempted to take away the financial autonomy of an older adult who is mismanaging their finances. However, that may not be the best solution, particularly for people who feel that handling their finances is a core part of their identity. More research is needed to identify how best to balance personal autonomy and the need to protect a person’s finances.

What’s next

This study used paper-and-pencil tasks to assess financial performance. But increasingly, many older adults are using online banking. E-banking simplifies many calculations, which may be helpful for older adults with declining cognition. However, e-banking can also make finances more of a black box, which may decrease a person’s awareness of their financial abilities. Furthermore, e-banking is constantly advancing, putting older adults at a disadvantage because they are more likely to be less cognitively flexible and to learn more slowly. We hope to explore whether older adults with and without cognitive decline have similar awareness of their ability to appropriately manage their finances online and identify potential financial scams. The Research Brief is a short take on interesting academic work.The Conversation Ian McDonough, Associate Professor of Psychology, Binghamton University, State University of New York This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Lifestyle

The Post-Tax Season Playbook for Spending Smart

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Tax Season

Turn common small business expenses into rewards

(Family Features) With tax season officially in the rearview mirror, it’s the prime time for small business owners to step back and re-evaluate their expenses. Before tossing those receipts, now is a good opportunity to understand how every dollar you spend can fuel your next adventure. One way to maximize your rewards for business spending is by selecting a credit card that works as hard as you do. Credit cards can help manage cash flow but also provide a way to get rewarded for purchases you’re already making. One credit card to consider is the World of Hyatt Business Credit Card from Chase, which offers opportunities to unlock benefits like free hotel nights, elite status and points on every purchase. Cardmembers can conduct business as usual while unlocking a quicker route to an elite status and earning two World of Hyatt Bonus Points per $1 spent on their top three eligible spending categories each quarter. That means treating clients to a dinner, shipping samples or running a digital campaign to boost your business can transform into more points toward a bucket-list trip, higher tier status and more. Those who apply by June 30, 2025 and are approved can also earn a special offer of 60,000 World of Hyatt Bonus Points and enjoy World of Hyatt Explorist status through February 2026 after spending $7,000 in the first three months of opening the account. That means more rewarding stays with perks like room upgrades, 2 p.m. late checkout, and extra points every time you check in. Learn more at chase.com/hyattbiz. 17449 detail image embed1If you’re looking to get the most out of your business expenses, consider these categories and how they can be maximized for more rewards. Earn While You Wine and Dine Entertaining clients is more than just a meal – it’s an investment in the relationships that can drive your business forward. Whether that’s closing a deal over lunch or hosting a team dinner to celebrate a milestone, dining can reward your business. By using a rewards-driven credit card to pay for these expenses, you can accumulate points and turn them into valuable rewards. The celebratory dinner for your biggest client can earn you points toward your next business trip or vacation to unwind with the family. Supercharge the Online Visibility of Your Business  Marketing and advertising – including social media and search engine advertising – can be crucial for business growth, and a credit card designed for small business owners can help you earn more rewards for the way you do business. Turn Spending into Upgraded Travel Experiences If your business requires frequent travel, you can earn up to nine Bonus Points total per $1 spent on qualifying purchases at more than 1,400 Hyatt hotels and resorts around the world with the World of Hyatt Business Credit Card. Plus, extended benefits like auto rental coverage, extended warranty protection and travel assistance make it so you can focus on what’s important without worrying about unforeseen events. Being a small business owner requires complete dedication, which can lead to long hours, high stress levels and a lack of time for self-care. A strategic credit card can help drive your business forward and allow you to redeem points for experiences that are designed to complement your well-being. From on-property spa treatments to unique experiences that don’t require a hotel stay, you can reward yourself and your employees. As a small business owner, you can flip the script on business expenses and turn spending into epic getaways and well-earned rewards for you and your team. Content courtesy of Chase and Hyatt. Credit Cards are issued by JPMorgan Chase Bank, N.A. Member FDIC.   collect?v=1&tid=UA 482330 7&cid=1955551e 1975 5e52 0cdb 8516071094cd&sc=start&t=pageview&dl=http%3A%2F%2Ftrack.familyfeatures SOURCE: Chase and Hyatt

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