Shark Tank’s Daymond John Will ‘Pay It Forward’ With $175,000 for Black Entrepreneurs Day

Brands including Chase and Pepsi are on board for the event on Oct. 24

The upcoming event will give away $150,000 as part of the NAACP Powershift Entrepreneur Grant. Black Entrepreneurs Day presented by Chase for Business

Entrepreneur Daymond John, who first made a name for himself as founder and CEO of lifestyle brand Fubu, is turning Oct. 24 into Black Entrepreneurs Day. The livestream event celebrates Black business and will award thousands of dollars to entrepreneurs.

@lisalacy Lisa Lacy is Adweek's Commerce Editor.