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January/February 2018

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July 6, 2018
Richelieu Dennis (Image: File)

On Thursday, SheaMoisture haircareand skincare products founder Richelieu Dennis announced a $100 million fund for women entrepreneurs of color at the 2018 Essence Festival.The announcement surrounds theNew Voices Fund that he’s been prepping for the past year.

“About six months ago, we announced that we were launching the new voices fund,” Dennis told the audience at the press conference during the Essence Festival. “I’m proud tosay that we get to officially launch the $100 million Modal Scarf green guitar scarf by VIDA VIDA d3FrbD
for women of color entrepreneurs here at Essence Festival this weekend. Over the past six months, we have already eitherinvested in or committed to, over $30 million in black women entrepreneurs.”

As Indigo Knit YarnDyed Beanie JanJan Van Essche ZhOctypy
previously, Dennis sold SheaMoisture to Unilever in 2017. As part of the deal, he vowed to use the capital to create an investment fund for minority entrepreneurs, specifically women of color. Unilever and Sundial Brands,creators of SheaMoisture, agreed to contributean initial investment of $50 million to the fund.

Richelieu Dennis chatting with entrepreneurs (Image: File)

In addition to creating the fund to provide investment opportunities, Dennis wants to equip entrepreneurswith other resources to help contribute to the success of their companies.

“We are going to leverage the businesses that we’ve built—many of you know, Shea Moisture, Nubian Heritage, Madame CJ Walker,” he said.

There has been a push of late to find ways to invest and provide women of color the funding they need to launch businesses. Corduroy Baseball Cap With Script Logo In Red Red HUF 6vf8J
dollars in 2018. Investment in black female founders—who in recent years have been starting businesses at higher rates than any other group, so they’re not hard to find—was barely discernible, at .02%.

Recently, Arlan Hamilton , founder and managing partner of the venture fund Backstage Capital, announced that her new $36 million fund will invest exclusively in black women-led startups.

“When you talk to a group of white, affluent male investors and tell them you’re investing in women of color, the first thing that comes out is, `Oh, that’s really nice of you. That’s a great mission.’ They immediately correlate us to needing a helping hand,” Hamilton said in an interview with Fortune several months ago. “This is not that.”

US Department of Labor

U.S. Bureau of Labor Statistics

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Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with Tote Bag puppy love tote by VIDA VIDA YrV6Zv
, sales agents , and financial staff members.

Many of these workers are employed in advertising agencies or in corporate or regional managing offices.

A bachelor’s degree is required for most advertising, promotions, and marketing management positions. These managers typically have work experience in advertising, marketing, promotions, or sales.

The median annual wage for advertising and promotions managers was $106,130 in May 2017.

The median annual wage for marketing managers was $132,230 in May 2017.

Overall employment of advertising, promotions, and marketing managers is projected to grow 10 percent from 2016 to 2026, faster than the average for all occupations. Advertising, promotions, and marketing campaigns will continue to be essential for organizations as they seek to maintain and expand their share of the market.

Explore resources for employment and wages by state and area for advertising, promotions, and marketing managers.

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Learn more about advertising, promotions, and marketing managers by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.

Advertising managers can be found in advertising agencies that put together advertising campaigns for clients, in media firms that sell advertising space or time, and in companies that advertise heavily.

Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with Mens Cotton Pocket Square Eaglerock by VIDA VIDA xC84w
, advertising sales agents , and financial staff members.

Advertising, promotions, and marketing managers typically do the following:

Advertising managers create interest among potential buyers of a product or service. They do this for a department, for an entire organization, or on a project basis (referred to as an account). Advertising managers work in advertising agencies that put together advertising campaigns for clients, in media firms that sell advertising space or time, and in organizations that advertise heavily.

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