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Star Boston Celtics forward Jaylen Brown has a plan to tackle Boston’s wealth divide.
The Georgia native recently made his plan “to launch a project to bring Black Wall Street here in Boston” known, drawing on the historic Oklahoma institution as a model for future prosperity for people of color.
Per Bloomberg’s Randall Williams, Brown has partnered with Harvard Business School, Roxbury Community College and Lauren and Jrue Holiday’s JLH Fund to offer up to $250,000 in investment grants.
“To be able to give access to capital, create sustainability and culturally competent initiatives, all of these insights have informed us on how to create this program for Boston,” shared Brown.
“Being able to partner with people who have high influence in other places can make it more impactful,” he added.
As AFROTECH™ previously reported, Brown announced his plans to bring Black Wall Street to Boston, MA, after he signed a five-year supermax contract extension valued at $304 million in July 2023.
One year later, Brown announced a new venture spawned from that desire — Boston XChange (BXC). According to a press release shared with AFROTECH™
Boston XChange is a nonprofit that aims to create $5 billion in new wealth for underrepresented communities through investments and partnerships that could lead to investments, coaching from seasoned individuals, and resources and workplaces for creators.
