Grand Slam Track, a newly formed track league created by former world record holder Michael Johnson, is gaining momentum with the recent appointment of Robert F....
A groundbreaking initiative is underway to bring Black Americans back to Africa, spearheaded by a Black-owned construction company that plans to develop state-of-the-art sports arenas and...
Jessica Norwood, founder and CEO of financial innovation firm RUNWAY, recently announced the launch of ‘ROOTED,’ a groundbreaking US$50 million fund designed to support Black business...
Altro, a black-owned credit-building financial literacy platform, has recently completed a successful strategic funding round, raising US$4 million. Notable figures such as Tinashe, Quavo, Marshawn Lynch,...
Richard and Mengistu Koilor achieved a significant milestone in Philadelphia’s brewing scene by opening Two Locals Brewery on January 31, making it the city’s first Black-owned...
A new study suggests that increasing the number of Black-owned businesses could be a critical step in addressing the racial wealth gap in the United States....
Muhga Eltigani is the 32-year-old founder of NaturAll Club, a Philadelphia-based company that makes a line of refrigerated hair care products serving Black women. Born in...
StatusPRO, Inc., has recently announced securing US$20 million in new funding, marking one of the largest Series A investments for a Virtual Reality (VR) gaming company....
It’s notable that supporting Black businesses is seen by a significant portion of Black adults as an effective strategy for advancing equality in the U.S. This...
Bloomberg | Media executive Byron Allen is weighing a bid for several television stations from broadcaster E.W. Scripps Co. and is seeking funding from the private...
A New York-based minority investment firm has sweetened its offer for Carver Bancorp. Dream Chasers Capital announced last Monday in a press release that it would...
Isaac Hayes made history as the first Black entrepreneur to raise an impressive US$10 million in crowdfunding. His subscription-based social media platform Fanbase announced crossing the...
By Chris Wedding Meet the first Black woman-owned, electric vehicle (EV) charging station manufacturer in the world. Natalie King is the founder and Chief Executive Officer...
Press Release – CNW | The Federation of African Canadian Economics (FACE) released its 2022/2023 annual report showcasing its commitment to driving generational wealth, economic empowerment,...
Black Girls Code has new leadership. According to a press release, on late last month, Cristina Jones was announced as the nonprofit organization’s CEO. Under her...
After earning a company millions of dollars, Robert F. Smith wanted to be on the other side of the equation. Before Smith became a billionaire, he...
Press Release | OneUnited Bank, the nation’s largest Black-owned bank, unveils WiseOne® Insights, a revolutionary financial wellness companion. This groundbreaking AI-driven tool is designed to guide,...
After completing the evaluation of the bids submitted for 8 of 14 oil blocks, the government has finally awarded 8 of the blocks to 6 different...
Reuters | Media entrepreneur Byron Allen last month, made a US$10 billion bid to buy Walt Disney’s ABC television network and assets including the FX and...
By Nigel Roberts Africa has been stereotyped as poor and politically unstable for decades, but countries like China and Russia continue to make headway into many...
Sean “Diddy” Combs is giving back. The rapper and mogul, 53, had a busy Friday that ended with him writing two US$1 million checks for causes...
Press Release | Billionaire business mogul and philanthropist Trisha Bailey, the ultimate overcomer, will embark on a multi-city book tour this fall for her motivational memoir...
At first, Kelly Ifill had no interest in following in her family’s footsteps. Her father has a long-running contracting business. Her grandmother ran a cleaning service....
Robert F. Smith recently announced that Vista Equity Partners, his market investment firm, has surpassed US$100 billion in assets under management – the total market value...
Baltimore-based Latimer Ventures, a Black-owned, early stage venture capital firm, recently announced a close of US$15 million for its fund launched exclusively for Black and Brown...
By David Larkin Today, Black and African American women are driving small business growth and are one of the fastest-growing groups of entrepreneurs in America. Currently...
AP | Sean “Diddy” Combs wants to strengthen the Black dollar: The music mogul is spearheading a new online marketplace called Empower Global that will specifically...
By Osej Serratos, Morgan Norwood, and Allie Weintraub When Dorian Bolden began expanding his coffee shop, Beyu Caffe, in Durham, North Carolina, he says the most...
By Gregory Simpkins Over the past 40+ years working on Diaspora issues, I have had the privilege of working with numerous Black-owned businesses and organizations. Many...
Creative money moves are coming from MVP Joel Embiid as he announces the launch of Miniature Géant, a media company in partnership with SpringHill Company. The...
Reaching new heights depends on taking risks. For Antoine Grant, his path demonstrates that he was always destined for a successful entrepreneurial path. However, it required...
Serena Williams retired from tennis, but she hasn’t let up on putting fuel to the fire of her ventures. According to The Hollywood Reporter, the businesswoman...
Beloved Chicago philanthropist Edward Gardner, the co-founder of Soft Sheen Products hair care company, died Monday at age 98, CBS News reports. Gardner and his wife...
Black and African American communities and entrepreneurs continue to increase in financial strength: At US$910 billion in 2019 to a projected US$1.7 trillion in 2030, Black...
By Karen Bennett Where you bank can promote racial equity and inclusion. Supporting Black-owned banks can help economically empower Black communities, who historically have faced discriminatory...
Business Wire | Ariel Alternatives, LLC (“Ariel Alternatives” or the “firm”), has announced the closing of Project Black, LP (“Project Black” or the “Fund”). Project Black...
Successful communities are built from the ground up, and every neighborhood needs thriving businesses in order to succeed. An 8-year study published in early 2022 by...
Jessica Spaulding, the founder of Harlem Chocolate Factory, had always wanted to be a chocolatier but never pursued it because she needed startup capital. However, after...
Black Entertainment Television (BET) founder and business mogul Robert L. Johnson is taking his biggest plunge to help close or narrow the nation’s lingering racial wealth...
Last month, the Harbor Bank of Maryland (Harbor Bank) celebrated its 40th anniversary. Since 1982, the commercial bank has been serving Maryland, D.C. and Northern Virginia,...
Media and entertainment mogul Byron Allen believes the news and media industry needs more inclusion, an issue he will address now that he is the owner...
By Sabrina Lynch The impact of COVID–19 caused immense financial distress for small businesses across the country, particularly African American entrepreneurs, who were one of the...
Thanks to Chris Montana, Du Nord Social Spirits is the first Black-owned distillery in the United States. Montana and his wife, Shanelle, started the company together...
Oui the People is a luxury shaving brand for ladies that specializes in high-end shaving products.
Robert F. Smith gifts thousands of shares of stock to Help Black and Latinx Kids become shareholders
In an unprecedented move, NAACP partners with venture backed technology company Hello Alice to support the NAACP's proactive mission of improving the lives of African Americans...
It appears that business leaders from communities of color in the United States are being held to a different standard of business practice, ethics, and regulation.
The University's commitment includes impacting the creation of 1000 Black entrepreneurs and business owners by 2030. The 1MBB partnership with Operation HOPE is a natural extension...
The win will break open doors
Reuters | Black-owned businesses were more likely to need to go outside of the traditional banking system when seeking government aid during the pandemic and they...
There has been much publicity this shopping season about supporting African-American-owned stores and businesses in the United States. It was made a little easier for shoppers...
