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News, Resources & More For and About Black-Owned Businesses |
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Jasmine Phinex, a mother and entrepreneur, founded Serenity Nail Polish with her husband James and 4-year old daughter Serenity last year. Since then, they have created one of the fastest-growing lines of vegan non-toxic nail polish products that are safe for children.
In 2019, entrepreneurs Tim and Kim Lewis, the founders and owners of CurlMix, appeared on ABC's Shark Tank and turned down a $400K offer for a 20% equity in their company. Two years later, the couple launched an equity crowdfunding campaign and raised more than $1.7 million dollars within 24 hours.
Camillya Masunda, an entrepreneur from Charlotte, North Carolina, has launched Ebony Wine & Spirits, the only Black-owned wine and spirits company in her hometown. Aside from making history, the single mother is also determined to build generational wealth for her daughter.
Jerry Issac Mallo, a 27-year old Black engineer, entrepreneur, and CEO of Bennie Technologies Ltd., has made history as the manufacturer of the first-ever Nigerian-made fiber sports car now available in both Nigeria and West Africa.
Ronne Brown, who was once a teenage mom who used to work as a janitor, completely turned her life around and is now a millionaire entrepreneur, branding expert, and founder and CEO of Girl CEO. She has successfully broken stereotypes and she has been inspiring others to never lose sight of their goals despite what everybody is saying.
Meet Bernard Jones and Georgia Giles-Jones, a couple from Minnesota that have officially launched CVH Recovery, an extension to their recovery home business, Central Village Housing LLC. CVH Recovery offers resources to entrepreneurs how to own, operate, and manage a successful recovery home in any state. Through their online course, entrepreneurs can learn and benefit from lessons on recovery home audits, and recovery home coaching. They also have a membership for future and current recovery homeowners/operators.
Be Rooted, founded by entrepreneur Jasmin Foster, has launched its products at Target stores nationwide. It is the first Black-owned stationery brand to be sold at the retail giant.
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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...]
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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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