Economics

Former Saints player puts 300+ families into homes, opens the only Black owned grocery store in Baton Rouge, LA

Spend five minutes with Tyrone Legett and you’ll instantly hear his passion to rejuvenate broken communities in Louisiana. The former NFL Player played many games in the Mercedes Benz Superdome (then Louisiana Superdome) but the touchdowns he is scoring today are worth much more than points on a scoreboard. Legett, a native of Colombia, South Carolina, embraced Louisiana as home as a Defensive Bac...Read More

26-Year Old Black Woman Entrepreneur Launches Low Cost Organic Grocery Store

26-year old Olympia Auset, a native of Los Angeles and a graduate of Howard University, grew tired of having to travel 2 hours by bus every time she wanted to buy healthy vegan food. She live in Inglewood, and it quickly became clear that if she wanted better health around her, she would have to do something. So, she created and launched her very own organic grocery store. Creating something diffe...Read More

Conference Helps Black Entrepreneurs Learn Multiple Industries

Urban Business Institute, a training and consulting organization founded by former business & economics professor and business incubator, Professor Devin Robinson, is hosting its 1st Annual How-To Conference on Saturday, June 17, 2017 at 7am at the Cobb Galleria Centre in Atlanta, GA. The How-To Conference is uniquely designed to bring together professionals, experts, and entrepreneurs from a...Read More

Black-Owned Construction Firm Awarded Contract to Replace Contaminated Water Lines in Flint, Michigan

W.T. Stevens Construction, a Black-owned construction firm with about 25 employees, has been awarded a multi-million dollar service contract to replace more than 18,000 lead corroded pipes across the city of Flint, Michigan. The company is one of just four companies recently contracted under a court order to complete the project. The company was founded by a Black entrepreneur named W.T. Stevens b...Read More

Dr Boyce Watkins: This is one of the biggest mistakes being made by those seeking to start a business

by Dr Boyce Watkins I wanted to share a thought regarding the importance of dreaming vs. doing. I often hear million dollar ideas from ambitious entrepreneurs who truly believe that their idea is going to generate millions of dollars in wealth. It’s not that I don’t believe them, but I often find that while ambition and energy are high, the follow-through sometimes leaves much to be desired. Is th...Read More

The Bank Black Movement Gains traction

Last July, Teri Williams was out of the office, helping her daughter move into a new apartment, when she started getting frantic phone calls. Williams is the president of Boston-based OneUnited Bank, the largest black-owned bank in the country, with $650 million in assets. Her employees were calling to tell her that people were swarming the bank. “They were coming into the branches,” Williams said...Read More

12 Reasons Why Black Businesses Fail Within The First 12 Months

The rate of African American businesses failing today is at an all time high. We all know that 80% of businesses crash and burn within the first year. Not to mention, when starting a business the last thing you want to hear is why or how you could fail, but addressing the reasons for failure up front, you’ll be much less likely to fall victim to them yourself. I can proudly say every last point li...Read More

Powerful Networking Event to Kick-Off New Black Chamber of Commerce in Virginia

Norfolk, VA — On Black Friday, November 25th, a newly minted Black Chamber of Commerce named Black BRAND will ignite a powerful movement within Hampton Roads to honor local community leaders and successful black business owners at the Wyndham Garden Hotel in downtown Norfolk at 6 p.m. The event, The Black Diamond Affair, will serve as the official launch of the organization to the public and is an...Read More

DIRECTORY OF BLACK OWNED BANKS & CREDIT UNIONS IN THE USA

All banks are listed by state. In order to be listed in our directory the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website. (Founders of Merchants & Farmers Bank in Durham, North Carolina) OTHER KEY FINDINGS: AAOBs are in 17 states and territories. Key states absent are Florida, Mississippi, New York, and Ohio. Alabam...Read More

Meet Sheila Johnson Owner of Black Owned Resort and Spa

Meet Sheila Johnson she built Salamander Resort and Spa located in the mountains in Virginia. She also owns four other Salamander Resorts, three in Florida and one in North Carolina. Yes that’s right, a black owned resort and spa. Sheila Johnson is the co-founder of BET and CEO of Salamander Resort and Spa. Her resume is pretty impressive, she’s part owner of three professional sport teams, the Wa...Read More

This Black Female Venture Capital Founder is Closing the Racial Funding Gap

There is a lot of talk these days about getting more women and minorities into the tech pipeline; from sponsoring programs to teaching girls to code, and ensuring recruiters seek out African American candidates. Venture Capital & Black Female Founders Nowhere is the diversity issue more evident than in venture capital, which is dominated by white men who fund very few startups founded by women...Read More

#MoveYourMoney: Over 8,000 Transfer Money to Black-Owned Atlanta Bank, More Following Suit

Over 8,000 people in Atlanta have joined Solange Knowles and moved their money to a black owned bank. The #MoveYourMoney campaign has gained prominence and traction in the days since the heinous police shooting deaths of Alton Sterling and Philando Castile. Many African-Americans frustrated by repeated police killings of unarmed black men and the ringing lack of justice against those who perpetrat...Read More

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