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LGBTQ Loyalty Holdings Announces Launch of LGBTQ Stock Index

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WEST HOLLYWOOD — LGBTQ Loyalty Holdings, Inc. has announced the official launch of its LGBTQ100 ESG Index. The stock index is the first-ever that references LGBTQ community survey data in the methodology for a benchmark listing of the nation’s highest financially performing companies that our respondents believe are most committed to advancing equality.

The company says this “marks a significant moment in time for diversity and inclusion initiatives in financial markets and corporate America.”

“While we have made great gains in combating prejudice based on gender identity or sexual orientation, the fight is not over. The establishment of the LGBTQ100 Index is a logical next step in this effort,” said Barney Frank, former U.S. Congressman and member of the LGBTQ Loyalty Board of Directors.

The Index, which will be reconstituted annually, is comprised of 100 LGBTQ equality-driven companies selected from the nation’s top 500 publicly traded companies based on the company’s survey of LGBTQ consumers. Specifically, the company seeks to identify companies that nurture and promote equality in the workplace for employees across genders and sexual orientations; maintain a strong track record of loyalty and brand awareness among millions of LGBTQ community members in the United States; and, possess a record of consistently strong financial performance.

The survey, administered by The Harris Poll, provides the ESG Index with added significance for corporate and financial sectors by tapping a nationally representative respondent base of LGBTQ self-identified adults from across the United States. Adult respondents were asked about their attitudes and behaviors toward companies as well as alignment with their personal values and issues critical to the LGBTQ community.

“It was refreshing to discover what we believe is the correlation between equality and market outperformance, as shown by the LGBTQ100 ESG Index,” said Aashu Virmani, Executive Vice President of Sales and Marketing at Fuzzy Logix, the big data analytics company managing the Index methodology. “We believe the outstanding results are sure to encourage socially responsible behavior among corporations worldwide.”

Some of the most recognized names in the inaugural LGBTQ100 Index include Cisco, Amazon, Salesforce, Boston Scientific, Microsoft, Apple, Becton Dickinson, Coca-Cola, JP Morgan Chase, and Alphabet, the parent holding company of Google.

“The launch of the Index indicates a significant milestone for our company as it materializes our long-standing mission in partnership with the LGBTQ community to enhance industry standards for advancing equality in the marketplace,” said, Bobby Blair, CEO of LGBTQ Loyalty.

“The LGBTQ community and our allies finally have a benchmark of the top 100 companies that we believe best support equality along with our core values and principals, added Blair. “A benchmark of companies that we believe have earned our loyalty and dynamic spending power.”

Following the launch of the Index, LGBTQ Loyalty is expected to announce and launch their new Corporate Loyalty Partnership programs.

Supporting LGBTQ Loyalty Board of Directors include: former U.S. Congressman, Barney Frank; Major League Baseball Vice President and Special Assistant to the Commissioner, Billy Bean; International Tennis Hall of Famer, Martina Navratilova; and ESPN, CNN, and Los Angeles Times media personality, LZ Granderson.

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Business

RAGE is Latest Venue to Fall Victim to the Pandemic

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Another LGBTQ+ Nightlife Destination Has Fallen Victim to the Pandemic

WEST HOLLYWOOD (L.A. Magazine) — Rage nightclub has been a destination for LGBTQ+ nightlife in the bustling Santa Monica Boulevard corridor of West Hollywood for decades. Now, nearly 40 years after first opening its doors, the club has announced it has permanently closed, yet another local business to collapse amid the COVID-19 pandemic.

Rage nightclub management lays some portion of the blame on their landlord, Monte Overstreet. The club’s now-former general manager, Ron Madrill, told Q Voice News that rent for the location was already “very high” prior to operations shutting down in March. He says he believes an impasse over rent payments may have contributed to Rage’s closure.

Overstreet also reportedly owns the space formerly occupied by neighboring bar Flaming Saddles Saloon, which also announced […]

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Business

21 Workers Test Positive for Coronavirus at Rock n Roll Ralphs

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Workers protest outside Ralphs in Hollywood where 21 have tested positive for coronavirus

HOLLYWOOD (KTLA) — Workers rallied Friday outside a Ralphs store in Hollywood where 21 people have tested positive for the coronavirus.

The group called on the store to take more aggressive action when staff test positive for the virus, and to ramp up efforts to protect the grocery store employees, who are considered essential workers on the front lines of the pandemic.

They said they speak for thousands of workers who are afraid they aren’t getting enough protection as the virus continues to spread countywide, infecting more than 24,000 as of Friday.

The Ralphs at 7257 W. Sunset Blvd. has had an outbreak involving several workers who tested positive for the virus, according to the Los Angeles Department of Public Health, which lists businesses and […]

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Business

‘Stay Put, Order In’ and Dine With Friends on Zoom, Says Mayor

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WEST HOLLYWOOD — WeHo is home to some of the best restaurants in the world and our community members are used to gathering around restaurant tables and enjoying meals together. Now, there’s an opportunity to, instead, gather around kitchen tables at home and enjoy a meal (or many!) while supporting our local restaurants.

“One of the worst things about the Safer At Home directive is being disconnected from friends, neighbors, and the city around us,” said City of West Hollywood Mayor John D’Amico. “Don’t be alone if you don’t have to be – take advantage of the technology out there and invite a friend to Zoom in for Ziti or share some Farfalle over FaceTime.”

Mealtime is a wonderful opportunity to connect with friends, family, and loved ones using virtual teleconferencing technology, while partaking in your favorite delivered or takeout food.

City Encourages Residents to Support Local Restaurants During Safer At Home Orders

Many West Hollywood restaurants remain open and are offering takeout, curbside, and delivery meals, which are sensitive to social distancing during the emergency. The City of West Hollywood and the West Hollywood Chamber of Commerce have teamed up to offer a directory of “Stay Put, Order In” eateries in West Hollywood, which is accessible by visitingwww.weho.org/coronavirus (click the “Stay Put, Order In” link!) or www.wehochamber.com/dinein. This list is updated daily.

“We need to start hanging out together, and talking, and seeing each other again. So, why not plan to #WeHoDinnerConnect this week – maybe Saturday at 8 p.m.? Or Sunday at 7 p.m.? Or even just 15 minutes of screen-to-screen gossip,” said Mayor D’Amico. “And you don’t have to cook a thing… local restaurants have meals and menus tailored to take-away choices and they’re ready to send food over to your house or make arrangements for you to pick it up.”

If picking up food, remember to wear face coverings, which are required to enter essential businesses.

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