Business News Archives
Successful Entrepreneur Co-owns Trucking Company
Kristi L. Jackson is the co-owner of one of very few Black-owned trucking companies based in Houston, Texas. It’s called October Fourth Holdings, and with her partner, Kevin Muhammad, they provide daily freight logistics and transportation nationally, including trucking services, moving services, supplies and bulk materials.
Entrepreneur Creates Digital Eco-System for Business
Uhai, a Black-owned SaaS (Software as a Service), is launching an permission-based messaging & collaboration solution in 2020 for the modern organization. The Uhai solution will leverage the middleware framework on the Microsoft ASP.NET developers platform to deliver the all-in-one single point end solution.
Black-Owned Bank Acquires New Locations
Industrial Bank, one of the largest Black-owned banks in the country, has recently expanded its presence into the northeast region after acquiring City National Bank's two branches in New Jersey and one in New York. It now has a total of 10 branches in D.C, NY, and NJ. The acquisition came after City National Bank was shut down.
Three Young Entrepreneurs Support Junior Achievers
Volunteer-driven Junior Achievement of North Florida helps youth make smart academic and economic choices and its JA Girl$ program teaches girls about money, careers and entrepreneurship. Three young entrepreneurs from Jacksonville are living examples of what they can accomplish.
How to Get a Business Credit Card
Operating a small business takes money - sometimes lots of it - but while some small business owners rely on business loans and lines of credit, these aren’t the only ways to get your hands on much-needed financial resources. Here are some ways to obtain credit cards for your business.
Chamillionaire and E-40 Competition for Entrepreneurs
Rappers Chamillionaire and E-40 plan to line a lucky entrepreneur's pockets with $100,000 to fund their start-up. The pair announced a competition that will benefit a "minority or woman founded startup," calling for video submissions that details promising pitches.
Security Firm Opens $2.5 Million Headquarters
Starting out from a home basement office in 2001, AGB Investigative Services, a security firm founded by John and Denitra Griffin, just recently opened the doors of their new headquarters worth $2.5 million. It is conveniently located in the predominantly-Black neighborhood of Auburn Gresham in Chicago, Illinois.
Entrepreneur Creates App to Bridge Wealth Gap
BEAN Now, the social networking app designed to foster relationships and connect members of the African American community, has launched its free app for iOS and Android. BEAN, or the Black Economic Advancement Network, is an intuitive app that was created to harness the existing wealth and resources of the Black community.
Forbes' 30 Under 30 Summit Draws Entrepreneurs
Forbes held its '30 Under 30' Summit last week which brought out a record number of attendees looking to learn from business industry CEOs and others. Opportunities for funding for startups and entrepreneurs were announced during the summit, and panel discussions included speakers like Serena Williams.
Apply for Apple's $40M HBCU Scholarship Program
The Thurgood Marshall College Fund (TMCF) in partnership with Apple is proud to present the Apple HBCU Scholars Program. Applications are open to outstanding students attending HBCUs with a minimum 3.0 GPA, and are currently working towards a degree in an undergraduate, Masters, or Ph.D. program.
Chamber Funds Provide Access to Capital for Underserved Communities
Doug Naidus, the founder of World Business Lenders, along with other chamber members, announced the launch of two Chamber Funds, which will provide access to capital for entrepreneurs and small business owners in underserved communities around the nation.
California Has Most Minority-Owned Startups
As minority populations continue to grow, America is becoming an increasingly diverse nation. According to the U.S. Census Bureau, 39.4 percent of the country’s population currently identifies as non-white. But by some estimates, the U.S. will become a “majority-minority” country by 2044.
Sevetri Wilson on Launching Startups With No Capital
Sevetri Wilson emerged as a rising star among a new generation of entrepreneurs when she founded her first company, Solid Ground Innovations L.L.C., with zero capital, and grew it into a seven-figure enterprise—at the age of 22. She’s been recognized with numerous awards and graced the stages of national conferences.
NAIC to Raise $1 Billion for Minority Businesses
The Minority Business Development Agency (MBDA) has awarded a $1.4 million grant to the National Association of Investment Companies (NAIC), backing a project that will raise about $1 billion for new investment into minority-owned businesses. The grant recognizes the obstacles faced by minority asset managers.
New Director for Women's Entrepreneurship Program
Invest Atlanta hired a new executive director to lead the agency’s Women’s Entrepreneur Initiative, a business development assistance program for early-stage, women-led startup companies. Monica Hooks will develop, manage and promote programs that support women entrepreneurship and retain their business in Atlanta.
Business Lessons from Billionaire to Entrepreneurs
During the 25th Annual Executive Leadership Council’s Mid-level Managers’ Symposium, Robert F. Smith, the billionaire CEO who paid off tuition for 2019 Morehouse grads, shared his journey from being middle-class to becoming the wealthiest African American in the U.S. Here are five tips he gave for young, Black professionals.
How Will Smith Diversified His Revenue Streams
The Hollywood Reporter
Not long ago, Will Smith was known as "Mr. July", pulling in box office numbers during his summer hit movies that guaranteed movie investors a big return on their investments. After lackluster ticket sales later in his career, Will turned to diversifying his revenue streams, becoming as much as an entrepreneur as a movie star.
Black-Owned Companies Making $500M+ A Year
There are more than 2 million businesses in the United States that are owned by African Americans, but most are small operations with very few employees. However, there are many Black-owned businesses that employ hundreds or thousands of people, and generate annual revenues of $100 million or more - some even generate billions.
Black Women in Tech: Dell's Female Vice President
Najuma Atkinson has built a 20-year career at Dell Technologies Inc. Earlier this year, she joined Dell’s Chief Customer Office organization as the senior vice president for customer advocacy, insights & analytics, becoming Dell’s only African American female SVP and one of few senior black women in tech.
Entrepreneurs Turned Down Shark Tank Worth $12M
CurlMix now has a $12 million valuation. As business owners, the Lewises’ accomplishments landed them as prime candidates on ABC’s hit show Shark Tank earlier this year. Though they successfully pitched the Sharks, they ultimately turned down Robert Herjavec’s $400,000 offer for 20% of their company.
New Bills Support Small Businesses
Council member Charles Allen of Ward 6 introduced legislations that could help support small business owners manage the cost of owning and operating a business in D.C. The two bills are aimed at financially supporting the District’s longtime and new small businesses, according to a Sept. 17 news release.
Business Expert Helps Others to Become Leaders
Atlanta Business Journal
Business leadership expert and author, Terry Budget believes everyone has the potential to push past average and become exceptional leaders. As a result, he has designed a unique blueprint to help aspiring leaders bring out their inner “A.L.P.H.A.,” and significantly increase their ability to influence and lead others.