The Russell Innovation Center for Entrepreneurs (RICE) and The Hanover Insurance Group, Inc. (NYSE: THG) have joined forces to introduce insurance-based programming aimed at enhancing economic mobility within the entrepreneurial community, particularly among Black business owners in Georgia and beyond. This collaboration, fueled by a $250,000 grant from The Hanover, underscores a shared commitment to providing essential resources and knowledge to support the growth and sustainability of Black-owned businesses.

 

The partnership between RICE and The Hanover encompasses the development and implementation of a comprehensive three-part educational series focused on crucial insurance considerations for businesses. Through RICE's Digital platform, entrepreneurs gain access to master classes, personal development content, and a tailored resource directory, offering invaluable insights into commercial insurance fundamentals, risk management strategies, and the benefits of collaborating with independent insurance agents.

 

Basil Morris, Chief Strategy Officer at The Hanover and executive sponsor of the RICE partnership, emphasized the significance of this initiative in empowering Black entrepreneurs. He highlighted RICE's pivotal role in fostering the growth and advancement of Black-owned businesses and expressed confidence in the transformative impact of the insurance-based programming developed in collaboration with RICE.

 

Jay Bailey, President, and CEO of RICE echoed Morris's sentiments, stressing the importance of equipping Black entrepreneurs with the knowledge and tools necessary to navigate the complexities of risk management and insurance. Bailey underscored the value of providing unprecedented access and opportunities for sustainable growth and success, aligning with RICE's mission to drive innovation, job creation, and wealth-building within the Black entrepreneurial community.

 

The launch event, held at RICE's headquarters in Atlanta, Ga., marked the beginning of a new chapter in supporting diverse business communities. Attendees were treated to a presentation highlighting the partnership's objectives and The Hanover's commitment to empowering Black entrepreneurs. The event also provided a networking platform, fostering collaboration and exchange among colleagues and entrepreneurs associated with RICE and The Hanover.

 

About RICE:

The Russell Innovation Center for Entrepreneurs (RICE) serves as a beacon for Black entrepreneurs in Atlanta, embodying a legacy of innovation and economic empowerment inspired by Herman J. Russell. As a catalyst for growth and wealth creation, RICE remains steadfast in its mission to nurture, develop, and scale Black-owned businesses. Through its comprehensive programming and resources, RICE continues to drive positive change and foster a thriving ecosystem for Black entrepreneurs. For more information, visit www.RussellCenter.org and follow @RICEAtlanta on social media platforms.

 

About The Hanover:

The Hanover Insurance Group, Inc. stands as a leading provider of property and casualty insurance solutions in the United States. Through its network of independent agents and brokers, The Hanover delivers exceptional insurance protection for businesses, homes, automobiles, and personal items. Committed to excellence and innovation, The Hanover remains dedicated to empowering businesses and individuals with tailored insurance solutions and unparalleled service. For more information, visit hanover.com.