Latinas in Leadership: A Hispanic Heritage Month Celebration with Morgan Stanley - Vonoi Magazine10/7/2024 By Bennie Randall for Vonoi Magazine / Photos Vonoi Media In honor of Hispanic Heritage Month, Fordham University’s BlK and LTNX MBA club was proud to host an empowering panel discussion titled “Latinas in Leadership,” featuring accomplished Latina leaders from Morgan Stanley. This event spotlighted the stories, successes, and strategies of trailblazing women in the financial industry, with a special emphasis on diversity, inclusion, and career advancement. As Latinas continue to break barriers across industries, this event provided a crucial platform to celebrate their achievements, inspire future leaders, and foster meaningful discussions on the importance of representation in leadership roles. The panel also highlighted the unique opportunities available for graduate students interested in joining Morgan Stanley, one of the world’s leading financial services firms. Representation in leadership is a critical topic in today’s workforce, particularly for underrepresented communities. Latinas are making their mark in traditionally male-dominated fields such as finance, technology, and business, but challenges remain. This event addressed those challenges head-on by providing insights and practical strategies for success. Attendees had the opportunity to hear firsthand from dynamic Latina leaders about their journeys, the hurdles they’ve overcome, and how they’re working to increase diversity at every level of their organizations. Morgan Stanley, a firm that prides itself on fostering an inclusive environment, has made significant strides in promoting diversity in leadership. This panel aligns with the firm’s commitment to developing diverse talent and creating pathways for future leaders from all backgrounds. This year’s event features two distinguished Latina leaders from Morgan Stanley, each with a wealth of experience and a passion for empowering others.
Anibel Sauls - Vice President, Operations Client Relationship Manager at Morgan Stanley Anibel Sauls is a seasoned professional with over 15 years of experience in financial services. As Vice President, Operations Client Relationship Manager at Morgan Stanley, she plays a pivotal role in managing client relationships and ensuring operational excellence. Before joining Morgan Stanley, Anibel worked as a Manager at Ernst & Young's Capital Markets Consulting Practice and as Vice President of Information Delivery at Northern Trust Hedge Fund Services. Anibel’s expertise spans agile and traditional project management frameworks, and she is a Certified Scrum Master (CSM). Beyond her professional accomplishments, she is a champion for diversity and inclusion, particularly in the areas of STEAM (Science, Technology, Engineering, Arts, and Mathematics). She actively mentors young women and people of color, serves as a mentor for Break Through Tech AI, and is a former President of The Junior League of Westchester on the Sound (JLWOS). She also sits on the board of The Sharing Shelf, a nonprofit dedicated to serving low-income children. Anibel holds a B.A. in Economics and International Studies from Manhattanville College and a Master’s in Information Systems from Northwestern University. Christie-Belle Garcia - Executive Director, Talent and Diversity & Inclusion Advisor, Human Capital Management at Morgan Stanley. Christie-Belle Garcia joined Morgan Stanley in 2022 and currently serves as Executive Director and Talent and Diversity & Inclusion Advisor for the firm’s Wealth Management division. In this role, she is responsible for shaping and executing diversity initiatives, talent acquisition strategies, and fostering a more inclusive workplace culture. Christie-Belle’s journey into financial services follows a distinguished 15-year career in higher education, where she led diversity and STEM talent pipeline initiatives. Her leadership extends beyond the workplace, as she serves on the boards of the Gateway Foundation by Money Management Institute and the Bethel Education Foundation, further cementing her commitment to social impact and equity. Christie-Belle earned a dual degree in History and Spanish from Manhattanville College, a Master’s in Secondary Education, and a Ph.D. in Contemporary Learning and Interdisciplinary Research from Fordham University. The speakers took time to speak with every single attendee, they left no student behind. The were super humble with their time and service. These ladies are Super Stars in leadership. The “Latinas in Leadership” panel offered more than just career advice. It’s was a celebration of the progress Latinas have made in leadership and a reflection on the work still ahead. Attendees left with actionable insights into how to build meaningful careers while staying true to their cultural identities and personal values. In addition to the speakers sharing their experiences, attendees learned about graduate opportunities at Morgan Stanley and how the firm is actively working to cultivate a pipeline of diverse leaders. Morgan Stanley’s commitment to creating a more inclusive workforce provides hope for a future where leadership reflects the rich diversity of our communities. BLK & LTNX MBA Board Members This panel discussion was a must-attend event for anyone passionate about fostering diversity in leadership and creating a more inclusive workplace. It also serves as a reminder of the importance of mentorship, representation, and community in achieving professional success. Here is what we learned:
Firsthand from successful Latina leaders about their challenges and victories in the corporate world. Strategies for navigating corporate environments, advocating for yourself, and advancing your career. Connecting with leaders from Morgan Stanley and the broader Fordham community who are passionate about diversity and inclusion. Engaging conversations about the future of leadership, inclusivity, and the role that Latinas play in shaping industries like finance. The “Latinas in Leadership” panel underscores the significance of celebrating Latina leaders during Hispanic Heritage Month. By shining a spotlight on the contributions of women like Anibel Sauls and Christie-Belle Garcia, this event aimed to inspire the next generation of leaders to break barriers, embrace their heritage, and strive for excellence in their careers. Meaningful conversations that honored the legacy of Latina leadership while paving the way for future generations. Celebrating Hispanic Heritage Month at Fordham University’s BlK and LTNX MBA club taught us how to be a leader in our own industry of choice. Vonoi Magazine / Vonoimag.com
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By Bennie Randall Jr for Vonoi Digital / Photos Vonoi Magazine For those in search of a truly magical and exclusive event, look no further than Le Dîner en Blanc—a dazzling pop-up dinner that has become an annual tradition in New York City. Originating in Paris in 1988, this invitation-only event has transformed into a global sensation, and each year, New York plays host to a night of elegance, unity, and culinary delight. Le Dîner en Blanc is not just a dinner; it is an experience like no other, filled with excitement, mystery, and enchantment. One of the hallmarks of Le Dîner en Blanc is the mystery surrounding its location. Unlike typical events where guests know the venue in advance, Le Dîner en Blanc attendees are kept in suspense until the very last moment. The secrecy adds an element of surprise and adventure to the evening, with participants gathering at various designated meeting points around the city. From there, they are guided by organizers to the final, undisclosed location—a stunning outdoor setting, often an iconic New York landmark, transformed for one night only into an elegant, white wonderland. Past locations have included iconic venues like Lincoln Center, Battery Park, and Bryant Park, each lending its own charm to the event. Whether it’s the shimmering skyline or the grand architecture serving as the backdrop, the thrill of finding out the exact spot adds to the overall excitement and allure. Photos: Vonoi Magazine Le Dîner en Blanc is characterized by its strict all-white dress code—a tribute to its Parisian origins. Guests arrive decked out in their most stylish and creative white ensembles, embodying sophistication and elegance. The white attire is a symbol of unity and inclusivity, as guests from all walks of life gather to share in the splendor of the evening. From flowing dresses and chic suits to elaborate hats and accessories, the creativity of the participants is as much a spectacle as the event itself. The effect of thousands of attendees dressed in white, gathered in an unexpected location, is visually mesmerizing. It’s a sight that makes passersby stop and stare in awe, wondering what magical occasion has brought this sea of white to life in the heart of the city. The format of Le Dîner en Blanc is equally distinctive: it’s a gourmet picnic, and participants are expected to bring everything they need for the evening. This includes their own tables, chairs, tablecloths, and a decadent meal to enjoy. The setup itself is a ritual, as guests meticulously arrange their tables in neat rows, with gleaming white linens, elegant glassware, and tasteful decorations. From candelabras to floral arrangements, the attention to detail is astounding, creating a luxurious atmosphere that elevates the experience beyond the typical picnic. Food is a major highlight of the night, with many opting to prepare exquisite multi-course meals, while others choose to order from curated gourmet options offered by the event organizers. Wine and champagne are essential accompaniments, adding to the air of celebration, though strict rules govern the consumption of alcohol, with only specific types permitted to ensure a refined experience. What makes Le Dîner en Blanc so special is the sense of community it fosters. Though the event is invitation-only, attendees are encouraged to invite friends, which results in a diverse gathering of individuals—old friends, new acquaintances, and strangers—all united by their shared love for elegance, good food, and the joy of coming together. Guests bond over the challenge of transporting their dining setup across the city and the shared anticipation of discovering the secret location. Throughout the evening, conversations flow, laughter fills the air, and new friendships are formed. The communal spirit is palpable, as everyone is encouraged to participate in group activities like dancing, lighting sparklers, and toasting to an unforgettable evening. The fact that each attendee has contributed to making the event possible, from bringing their own tables to dressing the part, creates a unique sense of ownership and pride in the success of the night. As the sun sets, Le Dîner en Blanc transitions from an elegant dinner to a lively celebration. Music is an integral part of the night, with live bands or DJs providing a soundtrack that ranges from classic jazz to upbeat dance tunes. Guests rise from their seats, swaying to the music, and eventually make their way to the dance floor, transforming the space into an open-air ballroom under the stars. A highlight of the evening is the moment when guests light sparklers in unison, illuminating the night sky in a magical display. It’s a breathtaking sight, one that captures the essence of Le Dîner en Blanc—a moment of collective beauty, spontaneity, and wonder. The sparklers symbolize the shared experience of all those gathered, creating a memory that will be cherished long after the evening comes to an end. Le Dîner en Blanc is a celebration of life’s simple pleasures—good food, good company, and beautiful surroundings. Its allure lies in its ability to transform an ordinary public space into an extraordinary setting, one where time seems to stand still and the mundane gives way to magic. The effort that goes into planning and preparing for the evening, from arranging the perfect picnic to adhering to the strict dress code, is all part of what makes the event so memorable. For New Yorkers, Le Dîner en Blanc offers a rare opportunity to slow down and savor a moment of elegance and joy in the midst of the city’s fast-paced life. It’s a chance to see familiar places in a new light, to meet new people, and to be part of a larger community, if only for a night. The event’s success lies in its ability to bring people together, to create a shared experience that transcends the ordinary and leaves everyone who attends feeling a little more connected, a little more inspired, and a little more in love with the city they call home. Le Dîner en Blanc is more than just an event—it’s an experience that captures the imagination and brings people together in a celebration of elegance, community, and the unexpected. For one night, New Yorkers trade the hustle and bustle of their daily lives for a magical evening in white, where the beauty of the city and the camaraderie of thousands create an atmosphere like no other. It’s an enchanting reminder that, even in the most familiar places, there’s always room for a little magic. Enjoy our video montage - Vonoi Magazine By Vonoi Digital The news broke last night after months of speculation about whether a series of federal investigations surrounding his administration would directly implicate him. While the indictment is still sealed the New York Times reported last year that the FBI was investigating whether Adams was conspiring with the Turkish government to funnel illegal foreign donations to his campaign committee in exchange for favors for his administration.
In the past year, Adams has insisted he did nothing wrong, Brigid Bergin of NPR network station WNYC says. The mayor released a video last night saying the charges will be entirely false and based on lies. The only person who could remove him from office right now is New York Gov. Kathy Hochul. Her spokesperson issued a statement saying she is aware of the news and monitoring the situation, adding that it’s premature to comment until the matter is confirmed by law enforcement. The indictment can be unsealed as early as this morning. The rap icon and Roc Nation will commit more than $250 million in grant money for Hell’s Kitchen if they land the bid to create a Caesars Palace Times Square casino, Page Six has learned.
The hip hop mogul’s Roc Nation-led group would give an initial $15 million to the local community — plus regular grants based on .5% of the casino’s performance. The Caesars Palace Times Square team has already met with residents of Manhattan Plaza — the famed affordable housing development for artists — to clue them in on the potential benefits, we hear. Jay-Z said in a statement announcing the grant initiative: “We are New Yorkers. Supporting and providing opportunities for our neighborhoods and community isn’t just a part of Roc Nation’s ethos… it’s our collective responsibility.” The “Empire State of Mind” artist added, “Any proposal that wins a gaming license will undoubtedly profit. Our vision is to give back to New York and ensure that the Broadway community, Hell’s Kitchen, and the surrounding businesses and areas all benefit. And not just for a minute, but for the long-term.” Vonoi Digital Vonoi Digital The United Nations General Assembly kicks into full swing this week. Upwards of 142 global leaders will be in New York City all at once — making it largest annual gathering of this kind in the world.
Given the enormity of the event, the U.S. Department of Homeland Security has designated #UNGA as a National Special Security Event (NSSE). This is important as it brings to bear resources from every level of government. Leading the organization of this massive undertaking and ensuring the NSSE security plan meets the moment is the U.S. Secret Service. This work is grounded in superb collaboration — honed over many years by the partner agencies involved. Patrick J. Freaney, Special Agent in Charge, New York Field Office, joined the New York City Police Department, Diplomatic Security Service & UNDSS for a security briefing in front of the U.N. yesterday. By Bennie Randall for Vonoi Magazine In today’s rapidly evolving landscape, the tech industry offers a world of opportunity for entrepreneurs. Whether you're building the next revolutionary software, a hardware innovation, or a platform that changes how people connect, the potential for success is massive. However, succeeding in tech is no simple feat. It requires not only an innovative idea but also resilience, adaptability, and a strategic mindset. This article explores key strategies that entrepreneurs can employ to thrive and win in the competitive world of tech. One of the most common pitfalls for tech entrepreneurs is starting with a product or technology in mind, rather than a problem that needs solving. Tech is full of exciting innovations—AI, blockchain, but without a clear problem to solve, even the most advanced technology can fall flat. The best tech companies solve real-world problems that affect people’s lives or improve business efficiency. Successful entrepreneurs start by identifying a market need or a pain point that has not been addressed or could be improved. Take Uber, for example. The founders identified a real issue—inefficient, unreliable transportation—and used technology to create a solution that transformed how people move around cities. Airbnb saw the need for affordable, flexible accommodation options and turned that into a multibillion-dollar business. Focus on a specific problem that people or businesses face. Conduct thorough market research, survey potential users, and understand the pain points deeply. Once you've defined the problem, you can build the technology to solve it. In the tech industry, speed and adaptability are key to success. The Lean Startup Methodology is a powerful approach that emphasizes launching quickly, testing, and iterating based on feedback. Eric Ries, who popularized this approach, argues that by using a lean model, startups can minimize risk and avoid wasting resources on products that don’t resonate with customers. Instead of spending years perfecting a product, entrepreneurs should launch a basic version with just enough features to satisfy early adopters. This MVP allows you to test your idea in the market without a massive upfront investment. Collect feedback from your early users to see how your product performs in the real world. What features do they love? What are they missing? Use this data to improve your product iteratively. Based on your testing, you may find that your original idea needs tweaking or that your market assumptions were wrong. Be ready to pivot, adjusting your business model or product to better fit the needs of your target audience. The lean methodology allows tech entrepreneurs to be agile, reducing the time between iterations and increasing the chances of building something that resonates with customers. Focus on developing a functional MVP and launch it to test the market. Use data-driven decision-making to guide your product’s evolution. The tech ecosystem thrives on collaboration. Many of the world’s most successful tech companies—Facebook, Google, and Apple—didn’t reach their heights alone. Partnerships, mentorships, and collaborations are crucial for any entrepreneur looking to make waves in tech.
Joining a tech accelerator or incubator program can provide invaluable resources, including mentorship, early-stage funding, and access to a network of investors and fellow entrepreneurs. Programs like Y Combinator, Techstars, and 500 Startups have launched some of the biggest names in tech. Regularly attending tech conferences, networking events, and industry meetups can open doors to strategic partnerships and investor connections. Having a strong professional network is crucial for gaining visibility and trust in the competitive tech world. Entrepreneurs should seek out mentors who have experience in the tech industry. A good mentor can provide insights that help you avoid common pitfalls, offer strategic advice, and connect you to opportunities you wouldn’t otherwise have. Never underestimate the value of building and maintaining a strong network. Find mentors, collaborators, and investors who believe in your vision and can help guide you. Scaling too fast without a solid customer base or infrastructure can be a fatal mistake in tech. Many entrepreneurs make the error of expanding prematurely, investing heavily in marketing or hiring without having the product-market fit nailed down. The key to scaling a tech company is doing so in a way that aligns with both your market demand and operational capacity. Before thinking about scaling, ensure you have achieved product-market fit. This means that your product is meeting a demand in the market, and people are willing to pay for it. When you have product-market fit, your customers will start coming to you, and your marketing efforts will yield increasingly better results. In the tech industry, the ability to scale quickly is essential. This often means leveraging cloud infrastructure to handle the increased load, automating processes, and hiring the right team at the right time. Once you've solidified your base, you can begin thinking about global markets. However, expanding internationally requires a deep understanding of local regulations, market dynamics, and customer preferences. Entrepreneurs need to adjust their strategies accordingly to succeed in new territories. Focus on perfecting your product and securing a solid customer base before investing in large-scale expansion. When the time comes, be ready with the right infrastructure and strategy to support rapid growth. In the fast-paced tech industry, failure is often part of the journey. Whether it's a failed product launch, a missed investment opportunity, or a competitor beating you to market, setbacks are inevitable. What separates successful entrepreneurs from those who falter is their ability to embrace failure, learn from it, and pivot quickly. Many tech giants have faced failure before finding success. For instance, Twitter started as a podcasting platform called Odeo before pivoting to microblogging. Instagram began as a location-based check-in app before focusing exclusively on photo-sharing. In both cases, the founders realized their original ideas weren’t gaining traction, but instead of giving up, they pivoted and found success by adapting to market demands. Building resilience is crucial for tech entrepreneurs. Failures should be seen as opportunities to refine your business, learn more about your market, and come back stronger. Entrepreneurs with a growth mindset view challenges and setbacks as stepping stones to success. They are constantly seeking feedback, learning from their mistakes, and improving their products and strategies. Failure is part of the entrepreneurial journey. Instead of fearing it, use it as a tool to refine your strategy and improve your business. Tech is an industry driven by innovation. Entrepreneurs who rest on their laurels risk being left behind in a rapidly evolving market. To stay competitive, you must continuously innovate, whether it’s through new product features, exploring emerging technologies, or improving internal processes. Look for ways to disrupt traditional markets by offering innovative solutions. Uber didn’t invent taxis, but it created a more efficient, user-friendly model using technology. Similarly, Netflix didn’t invent TV shows, but it revolutionized the way people consume media by embracing streaming. Stay ahead of trends by continually educating yourself and your team. This may involve taking courses, attending conferences, or hiring experts in areas where you may lack knowledge, such as AI, blockchain, or data analytics. Make innovation part of your company’s DNA. Invest in research and development, stay curious, and don’t be afraid to take risks to push the boundaries of what’s possible. Succeeding in the tech industry requires a combination of creativity, resilience, and strategic planning. By solving real-world problems, embracing failure, leveraging networks, and continuously innovating, tech entrepreneurs can navigate the competitive landscape and come out on top. It’s not just about having a great idea; it’s about execution, adaptability, and perseverance. Those who master these principles are well-positioned to win in tech and shape the future of the industry. Vonoi Magazine By: Bennie Randall Jr / Photos: Vonoi Media The historic streets of Harlem were once again filled with pride and celebration as the 55th Annual African American Day Parade (AADP) took place on Sunday, September 15, 2024. This cherished event is one of the largest parades in the nation dedicated to honoring the contributions and achievements of African Americans, celebrating their cultural heritage, and fostering unity in the community. With thousands of participants and spectators expected, the African American Day Parade is set to be one of the most vibrant and significant events of the year in New York City. A proud tradition in Harlem since its inception in 1968, the African American Day Parade has become a key event in Harlem, the cultural heart of African American life and history. The parade provides a platform to celebrate the accomplishments of African Americans in various fields, from education, politics, and business to arts, sports, and civil rights. The 2024 parade honored the “African American Legacy of Excellence”, spotlighting the incredible contributions that African Americans have made to American society. Whether it's through activism, entrepreneurship, or artistic expression, the parade recognizes individuals and organizations that continue to uplift the community and drive progress. Photo: Vonoi Media The African American Day Parade will kicked off at 1:00 PM, with the route running along Adam Clayton Powell Jr. Boulevard (7th Avenue), starting from 111th Street and ending at 136th Street. Harlem, with its rich cultural and historical significance, is the perfect backdrop for this dynamic celebration of Black pride, achievement, and resilience. In addition to the parade, attendees looked forward to:
Celebrating African American excellence, the 2024 parade theme, “African American Legacy of Excellence,” will focus on honoring the historical achievements and ongoing contributions of African Americans in shaping the nation's history and culture. From inventors and educators to artists and activists, the parade showcased Black excellence across every sector. The African American Day Parade serves as a reminder of the impact of pioneers such as Dr. Martin Luther King Jr., Malcolm X, Shirley Chisholm, and many others whose legacies live on today. Additionally, contemporary leaders in politics, business, entertainment, and advocacy will be acknowledged for their efforts to advance the African American community and society at large. Photo: Vonoi Media Beyond celebrating excellence, the African American Day Parade emphasizes community unity and pride. It's a time for people from all backgrounds to come together, recognizing their shared history and the struggles African Americans have overcome to achieve equality and progress. Harlem has long been a symbol of Black resilience and artistic creativity, and the parade continues that legacy by bringing together people of all ages and backgrounds. In 2024, the parade shined a light on the importance of education, entrepreneurship, and economic empowerment within the African American community. Local businesses, cultural institutions, and educational organizations will participate, reminding attendees of the critical role these sectors play in strengthening the community. Photo: Vonoi Media Whether you’re a Harlem resident, a New Yorker, or a visitor, the African American Day Parade is an event that shouldn’t be missed. It’s not just a parade—it’s a celebration of history, culture, and the strength of the African American community. The energy, music, performances, and sense of unity create an unforgettable experience that honors both the past and future of African American excellence.
As the parade marched through the heart of Harlem, it invited everyone to reflect on the progress made and the work that still needs to be done to achieve full equality and recognition. For attendees, the African American Day Parade is a powerful reminder of the importance of community, the beauty of African American culture, and the contributions that African Americans continue to make to the world. Vonoi Digital for Vonoi Magazine By Bennie Randall Jr / Photos Vonoi Media Get ready, New York! The Vegandale Festival 2024 is bringing a massive celebration of all things vegan to the city. Known for its lively atmosphere, delicious plant-based food, and a community that champions cruelty-free living, Vegandale has become one of the most anticipated festivals for vegans and non-vegans alike. With a growing interest in plant-based diets and ethical living, Vegandale has carved out its place as a must-attend event for foodies, activists, and those curious about the benefits of a vegan lifestyle. In 2024, the festival promises to be bigger and better than ever, showcasing a wide range of vendors, entertainment, and educational opportunities, all in the heart of New York City. What is Vegandale? The Vegandale Festival is part of a series of events held across major cities in North America, celebrating veganism through food, art, and activism. Created by the team behind Vegandale, an ethical lifestyle brand, the festival offers attendees a chance to experience the diversity and creativity of the plant-based world. From innovative vegan dishes to cruelty-free products and educational talks, Vegandale is a hub for everything related to the vegan lifestyle. The highlight of Vegandale is undoubtedly the food. The festival features dozens of vendors offering a wide variety of vegan eats, from comfort foods like burgers and pizzas to gourmet dishes that push the boundaries of plant-based cuisine. Whether you’re craving decadent desserts, soul food, or exotic dishes from around the world, Vegandale has something for everyone. Expect to find some of the most innovative and Instagram-worthy dishes, like plant-based BBQ, vegan sushi, dairy-free ice creams, and so much more. For food lovers, this is a unique opportunity to explore the best of vegan dining in one place. Beyond food, Vegandale also features a marketplace for cruelty-free products, including beauty, skincare, and fashion. Ethical brands from around the country showcase their products, offering festival-goers a chance to shop for sustainable, eco-friendly goods. From vegan leather accessories to organic beauty products, you'll find everything you need to live a cruelty-free lifestyle. Vegandale is more than just a food festival—it’s a full-day experience packed with live entertainment. Attendees can enjoy live music, DJ sets, and performances throughout the day. The festival often features artists and performers who embrace the vegan lifestyle, creating a lively and engaging atmosphere for all. In addition to the fun, Vegandale is also an opportunity to learn more about the ethical, environmental, and health benefits of veganism. The festival hosts talks and workshops led by prominent figures in the vegan movement, including chefs, activists, and influencers. Whether you’re already vegan or just curious about plant-based living, these sessions offer valuable insights into the growing movement. Vegandale is all about building community and fostering a sense of shared purpose among those who care about living a compassionate and cruelty-free life. Whether you're a long-time vegan or someone considering the lifestyle, the festival is a welcoming space to connect with like-minded individuals, share experiences, and learn more about ethical living. Vonoi Digital By: Bennie Randall for Vonoi Magazine As the 2024 U.S. presidential elections approach, small business owners are closely watching to see how the outcomes could influence their operations, financial health, and future growth. The policies and priorities of the next administration will likely affect taxes, regulations, healthcare, and access to capital—key issues that directly impact small businesses. Whether you’re a sole proprietor, a startup, or a small enterprise, understanding how the political landscape might shift is crucial for planning ahead. Here are some ways the 2024 presidential election could shape the future for small business owners: Tax PoliciesTax policy remains a significant area of concern for small business owners. Candidates typically propose changes to corporate and personal tax rates, which could have far-reaching effects on business profitability.
Employer Mandates: Proposals to expand or reduce the requirement for businesses to provide health insurance could dramatically impact small business costs. Small businesses with fewer than 50 employees are not currently mandated to provide healthcare, but any expansion of mandates could alter that dynamic. Costs and Coverage Options: Some candidates may propose expanding subsidies for small businesses to provide more affordable coverage options, while others may seek to reduce regulations, giving businesses more flexibility in choosing healthcare plans. Regulatory ChangesEvery administration brings changes in business regulations, which can either ease or complicate business operations. Labor Laws: Changes in wage laws, labor regulations, and employee benefits could influence how small businesses hire and manage their workforce. For example, a higher federal minimum wage or more extensive paid family leave could increase costs for business owners. Environmental Regulations: Depending on the administration's stance on environmental issues, small businesses may face stricter regulations, especially those in manufacturing, agriculture, and energy-related fields. Alternatively, less restrictive regulations could reduce compliance costs. Access to Capital and FinancingThe ability to secure funding is crucial for small businesses to grow, and the election outcome may shape lending conditions and financial opportunities. Small Business Loans: An administration that supports small business growth may expand funding through programs like the Small Business Administration (SBA), providing easier access to low-interest loans. Alternatively, changes in financial regulations could affect banking institutions and how easily small businesses can secure loans. Interest Rates: Policies that influence Federal Reserve interest rates will affect the cost of borrowing for small businesses. Lower rates make loans more affordable, while higher rates can deter growth. Trade and Tariff PoliciesFor small businesses that rely on international supply chains or export goods, trade and tariff policies will be an important area to watch. Tariffs: Higher tariffs can increase the cost of imported goods and materials, which impacts businesses that rely on these imports. On the other hand, favorable trade deals can open up new markets for small businesses looking to expand internationally. Supply Chain Disruptions: Any shifts in trade relationships—whether improving or deteriorating—can affect the flow of goods and raw materials, and in turn, small business operations. Workforce and Immigration PoliciesImmigration policies often impact small businesses, especially those in industries like construction, agriculture, and hospitality that depend on immigrant labor. H-1B Visas and Other Programs: Any changes to visa programs that allow skilled workers to enter the U.S. could impact small businesses in tech and engineering fields. If restrictions are eased, businesses may find it easier to hire skilled foreign workers. Conversely, stricter immigration policies could result in labor shortages in certain industries. Labor Availability: More restrictive immigration policies may lead to fewer workers for industries that heavily rely on immigrant labor, potentially driving up wages or creating hiring difficulties. Infrastructure InvestmentSome candidates propose significant infrastructure investments, which could benefit small businesses directly and indirectly. Opportunities for Contractors: Small businesses in construction, engineering, or related industries may see increased opportunities if there is a federal push for infrastructure projects. Government contracts and public works projects could become a revenue stream for small businesses. Broadband and Technology Investments: Investments in technology infrastructure—particularly expanding broadband access to rural areas—could open up new markets for e-commerce and service-based businesses that operate online. Innovation and TechnologyEmerging technologies such as artificial intelligence (AI), automation, and green energy are areas of interest in the 2024 election. Policies encouraging or regulating these technologies could create both opportunities and challenges for small businesses. Incentives for Innovation: Businesses involved in tech, green energy, or emerging industries may benefit from federal incentives like research and development (R&D) tax credits or grant programs. Technology Adaptation: Small businesses may need to adapt to new technologies and automation to remain competitive, particularly if there are incentives or regulations encouraging innovation. Support for Minority-Owned and Women-Owned BusinessesSeveral candidates have highlighted support for minority and women entrepreneurs, which could bring more resources, funding, and networking opportunities to these groups. Grants and Incentives: Programs designed to promote diversity in entrepreneurship, such as grants or tax incentives for minority- and women-owned businesses, could help level the playing field and provide access to capital and resources. Representation: Greater focus on supporting underrepresented groups could create more opportunities for small businesses in marginalized communities to thrive. Consumer Confidence and Economic StabilityUltimately, the outcome of the 2024 election will influence the overall economic environment, which affects consumer confidence. A thriving economy typically means more consumer spending, which benefits small businesses. However, political uncertainty or a downturn could lead to cautious spending, impacting revenues across industries. The 2024 presidential election will have significant implications for small business owners across the country. From tax policies and regulations to healthcare and labor laws, each candidate’s platform will impact the business environment in unique ways. By staying informed and understanding how proposed changes might affect your industry, you can better prepare your small business for the challenges and opportunities that lie ahead.
Vonoi Digital By: Bennie Randall Jr. / Vonoi Magazine The world of higher education in the United States is known for its prestige, quality, and global appeal. Every year, thousands of international students flock to American universities, drawn by top-tier programs, world-renowned faculty, and the promise of a global education experience. Interestingly, many of these international students are often better funded through scholarships, financial aid, and grants than their American counterparts. This situation raises the question: Why are international students seemingly better supported financially, while American students struggle with rising tuition costs and limited aid options? The answer lies in a combination of institutional priorities, government policies, and global competition. Institutional Priorities and Global Appeal Many U.S. universities place a high value on international diversity. To stay competitive and maintain their global reputation, universities actively recruit students from around the world. International students not only bring diverse perspectives and experiences to the campus but also help increase the institution's global appeal. To attract these students, universities often offer generous scholarships and financial aid packages, sometimes more competitive than those available to domestic students. Additionally, international students are often seen as full-paying students, especially when they apply without the need for financial aid. However, for the institutions aiming to attract top global talent, merit-based scholarships are widely offered to secure the enrollment of academically exceptional students from abroad. These scholarships are sometimes more abundant or generous compared to those offered to American students. Government Policies and Funding While American students have access to federal financial aid programs like Pell Grants and federal student loans, these programs come with limitations. Federal aid is often means-tested, and the maximum amounts available through these programs frequently fall short of covering the rising cost of tuition and living expenses. In contrast, international students, although typically ineligible for U.S. federal aid, can access scholarships and funding from other sources, including their home countries, private foundations, and U.S.-based institutions that offer financial support specifically for international students. Additionally, many governments in countries outside the U.S. sponsor their citizens to study abroad as part of educational exchange programs. These government-funded scholarships, such as Fulbright, Chevening, and others, are often prestigious and fully cover tuition, living expenses, and sometimes even travel costs. American students, by comparison, rarely have access to fully funded scholarships from their government, meaning they often must rely on loans, which contributes to rising student debt. Private and Non-Profit Funding Private institutions and non-profit organizations also play a significant role in the funding disparity between international and domestic students. Numerous scholarships are specifically designed to support international students due to philanthropic efforts aimed at promoting global education and intercultural exchange. Organizations like the Ford Foundation, the Gates Foundation, and others often sponsor talented students from developing countries, giving them access to higher education in the U.S. to help create leaders who can contribute to the development of their home countries. Conversely, American students typically have fewer opportunities for such privately-funded scholarships. While merit-based scholarships exist, they are often highly competitive, and need-based grants rarely cover the full cost of attendance. The majority of American students end up relying on a combination of smaller scholarships, part-time jobs, and student loans to finance their education. Strategic Investments in International Relations Beyond education, the funding of international students is often a strategic investment by universities and governments in fostering global diplomacy and relationships. Educating international students creates global goodwill and strengthens international ties. Many countries and institutions view these scholarships as investments in future global leaders who will maintain lifelong connections with the U.S., facilitating international partnerships and collaborations. These long-term strategic benefits often result in additional funding being allocated to international students over domestic students. The Financial Burden on American Students Meanwhile, American students face skyrocketing tuition fees and increasing student loan debt. The U.S. higher education system, heavily reliant on tuition for funding, has placed more financial responsibility on American students and their families. With fewer robust scholarship opportunities, American students often find themselves burdened by debt, while international students are able to access multiple funding streams to cover their costs. Limited Scholarship Availability for U.S. Students For U.S. students, the competition for scholarships is fierce. Merit-based scholarships are limited and only available to top-performing students. Need-based scholarships exist but often come with restrictive eligibility criteria, and many students find that even after securing financial aid, they are left with significant gaps in their funding. This leads many American students to take out loans, contributing to the rising student debt crisis. Addressing the Disparity
While the abundance of scholarships and financial aid for international students reflects the global nature of U.S. education and the strategic importance of fostering international ties, it also highlights the challenges that American students face. To bridge the gap, there must be more attention on creating equitable funding opportunities for domestic students, including more merit-based scholarships, increased federal aid, and support from private institutions. By investing in both international and domestic students, the U.S. can maintain its position as a global leader in higher education while also ensuring that American citizens have access to affordable, high-quality education without the crushing burden of debt. Vonoi Magazine |
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September 2024
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