Mastercard is gifting a $5 million grant toward the development of a Black entrepreneurship program at Morehouse and Spelman college . The Center for Black Entrepreneurship will be essential in furthering entrepreneurial programming, leadership, and mentorship opportunities for aspiring Black business owners. As the next generation is slated to be one of the most prominent groups of entrepreneurs we've seen, people in their 20s are starting businesses faster than ever. In a statement, Mastercard said HBCUs are a breeding ground for the next class of Black entrepreneurs. Through CBE, students will have the unique opportunity to engage with the Black community across different generations. "For over a century, HBCUs have played a critical role in nurturing professional talent and creating economic mobility in Black communities," said Senior Vice President for Social Impact at the Mastercard Center for Inclusive Growth Salah Goss . With the new wave of young entrepreneurs, the...