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News, Resources & More For and About Black-Owned Businesses |
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Meet the founders of Novae LLC, the first Black-owned fintech company to offer Buy Now, Pay Later services to online and offline merchants under the brand Novae Financing. CEO Reco McCambry believes that these services — which are designed to fight inequality faced by minority entrepreneurs by drastically increasing sales for these partner merchants — are the first of their kind.
Meet Clara and Dejon Turner, an African American visionary power couple from Aurora, Colorado who are the creators of a state-of-the-art, family-friendly app called The Doll House Family™. The duo decided to create the app after growing tired of looking at the gaming landscape and not seeing favorable images of Black and brown people.
Meet Megan Faux, MA, CEO of 25 Dreams Media, Inc. and the founder of The Entertainment Table, an online business directory focused on Black entertainment professionals and the businesses that service them. The platform will house entertainment professionals who are behind the scenes to make it easier for creators to find needed resources to complete their creative projects.
Meet April Ross, an HBCU graduate of Alabama State University who is now the owner of WJCN TV-33, a local television station based in LaGrange, Georgia. As an entrepreneur, she is especially proud of her success because she used to work at the same station as an intern!
Gabby Goodwin, a 14-year old girl from Columbia, South Carolina who is the CEO of and founder of GaBBY Bows, is extremely grateful after receiving an investment worth $200,000, of which $50,000 is from broadcast journalist Gayle King.
Valerie Daniels-Carter, an African American female entrepreneur from Milwaukee, Wisconsin, is one of the minority owners of the NBA team Milwaukee Bucks. She is the only single Black woman, alongside mostly men, to own part of the team.
Lara Adekoya, a 28-year old Black woman entrepreneur from Los Angeles, launched Fleurs et Sel, a cookie company last year after being laid off from her job due to the pandemic. Now just one year later, her cookies are some of the most sought-after by Hollywood stars and clients from all over the world.
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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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