Operation HOPE, the nation’s leading non-profit in financial literacy and economic inclusion, today announced that its 1 Million Black Businesses Initiative (1MBB) has been named the winner of Fast Company’s World Changing Ideas Award in the Enduring Impact category. The World Changing Ideas awards honor products, concepts, companies, policies, and designs that are pursuing innovation for good.
Launched in partnership with Shopify, 1MBB helps Black entrepreneurs and existing Black business owners acquire the knowledge, skills and access to resources required to start, scale up and grow a business at no cost. A panel of judges selected the 1MBB for its impact, program design, scalability and ingenuity from a pool of nearly 3,000 applicants. Slated to continue until 2030, 1MBB has supported nearly 200,000 Black businesses to date.
The 1MBB movement is part of Operation HOPE’s broader mission to promote financial inclusion and dignity, aimed at empowering underserved Americans. The 1MBB initiative was born following the Black Lives Matter movement.
“Operation HOPE is honored to be recognized by Fast Company for creating an idea that can— and will – change the world for the better,” said John Hope Bryant, Operation HOPE Founder, Chairman and CEO. “Through 1MBB, we are devising new ways to help Black business owners defy the odds, improve their overall financial wellness and ultimately build generational…
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