Black Americans for a Better Future (BAFBF) recently hosted a groundbreaking event aimed at supporting minority entrepreneurs. The event drew together top Black, Hispanic, Indian, and Asian businessmen alongside influential speakers and focused on fostering networking, collaboration, and growth within minority business communities.
Raynard Jackson, the event’s host, and the group’s president, is a prominent political consultant and commentator who has compared Bessent to a potential Jack Kemp-like figure for his dedication to empowering the Black community.
Economists and leaders at the conference echoed this sentiment, suggesting that Bessent could be pivotal in shaping economic policy and driving growth within underserved communities.
Jackson reiterated the conference’s theme: “Everyone wants to participate in the American dream.”
The day began with opening remarks from Scott Bessent and Jackson, followed by a discussion led by former US Senator Trent Lott, Jackson, and Bessent, emphasizing the crucial role of capital in entrepreneurial success. Steve Bannon later addressed the audience on capital acquisition for Black and minority entrepreneurs.
Bessent, founder of Key Square Group, a macro hedge fund firm, brought his three-decade career of investment insights and strategic acumen to the event. In recent media discussions, Bessent has highlighted the market’s preference for Donald Trump’s policies leading up to the 2024 election.
During his remarks at the event, Bessent stressed the importance of inclusive financial opportunities, noting, “Capital is the lifeblood of any business.” He emphasized the need to provide resources, mentorship, and community support to ensure every entrepreneur has the chance to thrive.
Throughout the event, various sessions and panels delved into topics like the impact of successful entrepreneurs joining the next administration, how Trumponomics benefits minorities, and personal journeys of business success. Congressman Byron Donalds (R-FL) shared his narrative of perseverance and ambition, highlighting the importance of representation in political spheres.
One passionate participant, who had spoken at length with Bessent during a break, praised the event for its inspiration and importance, emphasizing the role of entrepreneurship in community building and the need to stop big money from undermining minority business communities.
The event underscored the importance of providing access and opportunities for all individuals to pursue their entrepreneurial aspirations, regardless of background or circumstance; according to Jackson, numerous participants have asked about the details for the follow-up events, hoping to tap into high levels of business knowledge.
Overall, the conference signaled a significant shift in the political and business landscape, showcasing increasing support for minority entrepreneurs and the potential for bipartisan collaboration.
As participants left the event, it was evident that the conversations and connections made would impact their communities, reflecting BAFBF’s commitment to fostering economic empowerment and growth among minority entrepreneurs.
For more on Scott Bessent:
Wall Street Billionaires Are Rushing to Back Trump, Verdict Be Damned
Trump’s Potential Pick For Treasury Secretary Says ‘Markets Like His Policies Better’
Important Tweet:
"With Trump ahead in the polls, it seems that markets like his policies better,” says Key Square Group CEO & potential Trump Treasury Sec. nominee Scott Bessent on investing ahead of the 2024 election. "That would be tax cuts, energy independence, and calming down overseas.” pic.twitter.com/IJ1VEeU9JN
— Last Call (@LastCallCNBC) May 20, 2024
For more on WarRoom coverage of the event:
Steve Bannon to Deliver Keynote Address at 4th Annual Conservative Minority Economic Summit
For more on Steve Bannon’s remarks:
Steve Bannon’s Call to Minority Entrepreneurs: Reviving American Capitalism and Political Power
