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News, Resources & More For and About Black-Owned Businesses |
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October 21, 2020
NYC Black Entrepreneur Turned Debilitating Illness into Groundbreaking Natural Hair Care Brand
Instead of Succumbing to the Disabling Conditions That Afflicted Her, Rayki Tai Submerged Herself into Holistic Remedies That Gave Birth to Wholesome Hair Co.
Wholesome Hair Co, founded by Jamaican/Nigerian entrepreneur Rayki Tai, emerged onto the natural hair care scene with a vegan product line in February 2020. Customer feedback prompted her to address what sets Wholesome Hair Co. apart from others in the natural hair industry. Her story is profound.
14-Year Old From Georgia Makes History, Opens Hot Dog Restaurant
Mason Wright, a 14-year old entrepreneur from Atlanta who owns Mason's Super Dogs, has recently upgraded the business he started 3 years ago now to a restaurant - making him one of the youngest restaurant owners in the state of Georgia.
October 19, 2020
Detroit Black Entrepreneur Launches First Ever Mobile Bowling Alley
Terence Jackson Jr., an African American entrepreneur from Southfield, Detroit, has converted a 53-foot semi-trailer truck into a bowling alley-on-wheels. It's called Luxury Strike Bowling and it's the first mobile bowling alley in the world.
October 16, 2020
Divorced Single Mom of 2 Finds New Man, Launches Six Figure Chemical-Free Hair Color Brand
Meet Electra Davis, the 36-year old founder and CEO of Mysteek Naturals - a popular Black-owned line of chemical-free hair color products. She launched her successful company just two years after becoming a divorced single mother with two children.
Sony Promotes First Black Woman President of TriStar Pictures
Sony Pictures Entertainment has promoted Nicole Brown, an African American woman, as President of TriStar Pictures, extending her contract with the studio to continue oversight of the specialty label. Last year, Brown was appointed to head TriStar Pictures as Executive Vice President. She will continue to report to Tom Rothman, chairman of Sony Pictures Motion Picture Group, and oversee all of TriStar’s film development and production.
October 15, 2020
Black Mom of 3 Launches Online Bootcamp Teaching Kids Addicted to Video Games How to Code
Sharen Eddings, founder and CEO of CodeWithSharen, is teaching young ones how to produce technology instead of consuming it.
As information transforms into digital format, many businesses are turning towards technology. As this new economy develops, special skills like computer programming and coding are increasing in demand. CEO of CodeWithSharen, top computer programmer and a mother of three, Sharen Eddings, is ahead of the game by establishing a coding lesson specialized for the younger generation, but open for all.
Black Family Acquires 20 Jamba Juice Franchises in the San Francisco Bay Area
Not just one or two, but a total of 20 Jamba Juice franchises are now owned by the Redmon family from the San Francisco Bay Area through acquisition and investments. Charlayne Redmon, her husband Dwayne, and their four children are all involved in the family business.
| 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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