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Supporting the American Dream for Black Americans Starts with Expanding Opportunity

Washington, D.C. – As a part of his efforts to bring awareness to Capitol Hill during Black History Month, Ranking Member Tim Scott (R-S.C.) today hosted a roundtable with Black investors and business founders to discuss ways to improve minority communities’ access to capital and the ability to build wealth. For photos of the event, click here.

“As we celebrate Black History Month, we must focus on expanding and improving our free-market system to ensure all Americans have both the access and opportunity to share in our country’s economic success – including those who grew up in communities like I did. Today’s roundtable was an important discussion on the unique challenges facing Black Americans looking to start and grow a business, as well as those looking to invest in their communities. I’ll continue pushing solutions to improve access to our capital markets system, with the goal of opening doors to opportunity for businesses and entrepreneurs across our country,” said Ranking Member Scott.

In his opening remarks, Ranking Member Scott highlighted his legislative framework, the Empowering Main Street in America Act, which will boost avenues for capital formation and increase access to U.S. capital markets – helping to create more high-paying jobs and investment opportunities in minority communities across the country. Congressman Byron Donalds (R-Fla.-19), a member of the House Financial Services Committee, also gave remarks prior to the roundtable which was moderated by Lance Williams of Barclays.

Roundtable Participants:

  • Marcus Shaw, CEO & President, AltFinance
  • Herbert Drayton III, Managing Partner, HI Mark Capital
  • McKeever “Mac” Conwell, Managing Partner, RareBreed Ventures
  • Shalanda Armstrong, Managing Partner, 100KM Ventures
  • Chad Strader, Co-Founder and Managing Partner, Red Arts Capital
  • Ryan Frazier, Managing Partner and CEO, Frazier Global

To read Ranking Member Scott’s op-ed in Fox Business calling for solutions to increase opportunity in U.S. capital markets, click here.

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Tamia Sumpter

Tamia is a driven senior undergraduate Bioengineering student currently enrolled at Clemson University. With a strong foundation in her field, she has honed her skills through hands-on experience in research and development at Eli Lilly & Company. During her time in the ADME department, Tamia contributed significantly by working on siRNAs and their applications in finding In Vitro-In Vivo Correlation (IVIVC). Looking ahead, Tamia has set her sights on a promising career in law. She aspires to specialize in Intellectual Property Law, with a particular focus on serving as in-house counsel for leading medical device or pharmaceutical companies. Her enthusiasm for this role is palpable as she prepares to embark on her legal journey! She is also a proud member of the Omicron Phi chapter of Delta Sigma Theta Sorority, Inc., PEER Mentor for Clemson PEER/WiSE, and currently serves as the President of Clemson Bioengineering Organization (CBO). With her unique blend of scientific knowledge and legal interests, Tamia is poised to make a meaningful impact in the healthcare and life sciences industries.