Ron Jordan, the CEO and founder of Jordan Hospitality Group, has acquired all 21 Donatos restaurants in the Indianapolis market, making him the largest Black-owned franchise partner for the Columbus, Ohio-based company in its 59-year history.
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News, Resources & More For and About Black-Owned Businesses |
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January 26, 2022
January 17, 2022
Black Entrepreneurs Raise $1.4M for New Plant-Based Hair Startup
Meet Danielle Washington and Ciara Imani May, the founders of Rebundle, a St. Louis-based Black-owned startup that creates and sells plant-based hair extensions. They have recently raised $1.4 million in a pre-seed round and the funds will be used to invest in the startup's supply chain to meet the high demand for the products.
January 12, 2022
Black Entrepreneur Revolutionizes Haircare with Sensitive Skin Friendly Silk and Satin-Lined Headwear
Meet Natasha Hinds, an Army veteran turned entrepreneur that is the creator of Keep Your Hair Headgear, which manufactures a one-of-a-kind hair covering that reverses the signs of hair loss. Based in Atlanta, Georgia, their innovative silk-lined military headgear and satin-lined officially licensed headwear is empowering women and men transforming lives one strand at a time.
January 11, 2022
Black-Owned Animation Studio Secures $500K Deal on Shark Tank With Kevin Hart and Mark Cuban
Black Sands Entertainment, a Black-owned comic publishing house and budding animation company founded by married couple Manuel and Geiszel Godoy and their associate, Teunis De Raat, were able to successfully close a $500,000 deal with comedian Kevin Hart and serial investor Mark Cuban on a recent episode of Shark Tank.
January 5, 2022
Single Black Mom of 2 Buys Her Kids a Vending Machine to Teach Them About Business
When Ciearra Baker, a mompreneur from St. Louis, Missouri, decided to buy a vending machine as a gift for her two young kids to start teaching them about entrepreneurship, she had no idea that it would be controversial. When she posted about it on social media, her post drew mixed reactions from her followers. Some of them criticizing her decision while others praised her for her unique and practical gift idea.
December 21, 2021
Woman Who Was Once Evicted From Her Home Just Made $1M in Sales in 40 Minutes
Ashley Massengill, an entrepreneur and content creator from Fort Worth, Texas, went from having nothing to acquiring more than $30 million within 4 years. She has also broken another record after recently generating over $1 million in revenue in just 40 minutes for her online course called Digital Course Recipe!
December 9, 2021
Black Woman Who Built Her Tax Preparation Business to $250K in Annual Revenue is Now Teaching Other Aspiring Entrepreneurs
Lashaundra Cox, President & CEO of VIP Tax Service in Detroit, Michigan, has announced the launch of a new program called the VIP Tax Pro Workshop, a self-paced crash course on how to build a tax preparation business. It was created as a result of Lashaundra’s desire to help other entrepreneurs create multiple streams of income in the recession-proof tax preparation industry. After successfully growing her own company to over $250,000 in annual revenue, she decided that now is the time to teach her skills to aspiring tax preparers.
| Helpful Resources: |
| 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...]
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| 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...]
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| 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...]
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| 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...]
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| 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...]
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