Black Business News | Top Black-Owned Businesses

Wednesday, May 22, 2019

Oldest Black-Owned Grocery Store Shuts Down After 51 Years in Business

Leon's Thriftway, Black-owned grocery store

Leon's Thriftway, the country's oldest Black-owned grocery store located in Kansas City, Missouri, has closed its doors marking the end of 51 years in business. Leon Stapleton, the store's owner, is now 93-years old and says the main reason for their closing was lack of support from the local community.

Tuesday, May 21, 2019

27-Year Old Black Female Entrepreneur Has Made Over $30 Million as a Freelancer

When she was just 24-years old, Ashleigh Warren quit her 9-to-5 marketing job with only 2 years experience in the industry in order to start her own freelance paid social media marketing service. She made $417,000 in personal earnings her first six months as a freelance social media marketer, and went on to scale her business to even more.

Monday, May 20, 2019

10-Year Old CEO and Author to Launch New Shoe Line

Kinyah Briggs-Bean, founder and CEO of B Chill Lemonade

Kinyah Briggs-Bean became a published author and the CEO of her own company, B Chill Lemonade, at the age of 8. Now at 10-years old, Kinyah, she is still running her thriving first company and is about to launch a second one -- a new shoe line called Pink Lemonade!

Saturday, May 18, 2019

Amazon's New Tiny Store Kit For $4K is Just What Many Black Entepreneurs Need!

Black entrepreneurs and others from low income areas often don't have much capital to start a business, but a new tiny store kit being sold on Amazon has changed everything. The retail kiosk can be purchased for just $3,990, and can be assembled within just a few hours.

Friday, May 17, 2019

5 Black-Owned Dance Companies Hitting the Stage

From Josephine Baker to Misty Copeland, Black dancers have changed the dance community landscape. Throughout history, however, they’ve experienced exclusion and were often overlooked. Taking matters into their own hands, they began their own dance companies that continually challenge and improve the dance world.

Thursday, May 16, 2019

Beyonce Reportedly Made $300 Million From Her Uber Investment Despite Shares Plummeting

Uber went public last week and their shares have been plummeting ever since. Despite this, singer Beyonce has still managed to score a $300 million profit from her investment. Many are wondering how this is possible since Uber's shares plunged during the first week, closing as low as 17% below its IPO price!

Wednesday, May 15, 2019

Doctors Launch First Black-Owned Urgent Care Center in Southside Chicago

Black doctors who launched Chicago's first Black-owned urgent care center

(L to R): Dr. Mike McGee; Germaine Henderson, APN; Renita White, PA-C; Jennifer Kirk, AP; Dr. Airron Richardson and Dr. Reuben Rutland.

A group of Black doctors have opened the newest urgent care center located in Chicago's Hyde Park community. It's called Premier Health Urgent Care and OCC-Health Center is reportedly the only Black-owned urgent care center in the city of Chicago. The center has multiple exam and procedure rooms for patients, and once a patient is admitted, they are typically treated in less than an hour.

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Top Black Business Conferences, Workshops, and Seminars:

Every year, many Black business conferences are held across the country that specifically cater to established or aspiring African American business owners, professionals, authors, bloggers, and more. Literally thousands of people travel to network and do business at such events. These events are usually held in cities like Atlanta, Chicago, and New York, and typically include extensive training workshops, powerful speeches, power networking sessions, grand hall expos, and more. [Find an event to attend...]

Top Black and Minority Business Grants and Funding Opportunities:

From time to time, there are Black and minority business grants available to help African American and other minority entrepreneurs. Sometimes, they grants are offered by major companies, non-profit organizations, and even government agencies. Admittedly, such opportunities can be very difficult to find as many have been discontinued. Others in the past were offered as one or two year programs and did not renew. Despite this, such opportunities are real and are more often offered through local programs compared to national. [Get funded...]

Top Black and Minority Business Organizations:

There are many non-profit Black and Minority business organizations that aim to be of assistance to African American business owners. They are very helpful resources that offer valuable assets including grants, seminars, literature, consulting, and professional networking opportunities. There are also several government agencies that aim to assist minority business owners, including Hispanics, Asians, Native Americans, and even women of all ethnic backgrounds. [Find the right organization for you...]

Top Black Business Magazines, Publications and Blogs:

Believe it or not, there are hundreds of Black business magazines - that is, business-focused magazines that target African American readers. There are also many publications that are focused on professional career development. Some are local, some are national, and some are even international. Many are even available as digital publications via your laptop, tablet or smartphone. There are also many blogs that can be very helpful and resourceful to both aspiring and established Black business owners. [Find a publication that meets your needs...]

Interesting Facts & Statistics About Black-Owned Businesses:

Black-owned businesses accounted for about 28% percent of all businesses in Washington, DC, the highest ratio in the nation. Second, was the state of Georgia, where 20% of businesses were Black-owned, and the state of Maryland, with about 19% in Illinois. The state of New York, however, has the most Black-owned firms at 204,093 but this only accounts for 10.6% of the businesses in the state. Second is the state of Georgia, third is the state of Florida, and fourth is the state of Texas with the most Black-owned businesses but not necessarily the highest ratios. [Learn more...]