Martha’s Vineyard in Massachusetts is evolving into a hub for Black entrepreneurs, investors, and financial firms. Major companies like Disney, Cisco, and Goldman Sachs are hosting business-focused events on the island. The Black Economic Alliance is hosting “The Gathering” to discuss uplifting Black culture and opportunities for Black employees and companies.

Martha’s Vineyard has been a popular vacation spot for Black families for over a century. The town of Oak Bluffs and Inkwell Beach have become a community hub. Ralph Lauren released an Oak Bluffs collection, and events hosted by EBONY Magazine and La Fête du Rosé are connecting with the island’s culture. The Vineyard is becoming a place where culture and commerce meet.

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1. The Federal Reserve announced a 0.25% interest rate hike, bringing the target range to 0.75-1%. This decision was made due to the strengthening economy and rising inflation.

2. Tesla’s stock fell by 2% after announcing a voluntary recall of 817,143 vehicles due to a potential rearview camera issue. The recall is estimated to cost the company $250 million.

3. The U.S. economy added 678,000 jobs in February, exceeding expectations. The unemployment rate fell to 3.8%, the lowest since February 2020. Wages also increased by 5.1% from a year ago.: Why Black entrepreneurs flock to Martha’s Vineyard every August