Firms face financial woes, conduct layoffs due to litigation targeting DEI-based grants: Report [Video]

A venture firm boss on Thursday described having to scale back her company’s operations and grant programs after being pummeled by lawsuits from conservative groups.

Atlanta-based Fearless Fund CEO Arian Simone told Inc. in an interview that conservatives’ efforts to debilitate grant programs geared toward women of color are making inroads, causing her organization to fall apart.

Since the inception of the Fearless Strivers Grant Contest, Simone, with the aid of partner corporations, has been able to fund business owners $3.7 million in grants.

Simone told Inc. that ever since litigation against the Strivers grant program, several corporations have backed out with only two partners staying.

“I didn’t plan for this,” Simone said. 

“I’m definitely equipped for it, but I didn’t prepare for the mental and emotional toll this has taken on me and my team.”

BLACK TEXAS COLLEGE STUDENT DEFENDS BLACK GRADUATION ‘GIVEN THE HISTORY’ OF THE US IN LIGHT OF DEI BAN

Edward Blum, the conservative strategist behind the …