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Welcome to the Black-Owned Business Directory and Blog! We empower Black entrepreneurs and CEOs by promoting relevant news, success stories, and other valuable resources that stimulate entrepreneurship in African American communities. Check out our latest posts below:

July 3, 2020

Investors Buying Entire Blocks in Houston to Revitalize and Bring in Black-Owned Businesses

Black investors buying blocks in Houston to develop

Real estate developer Chris Senegal and broker Jay Bradley are teaming up to buy several blocks to renovate and revitalize in Houston. Together with Cocoa Collective Xchange, they are helping bring back Black-owned businesses into the Fifth Ward community through a Buying the Block campaign.

July 2, 2020

6 Black-Owned Beverage Brands to Support (Wines, Teas, and Energy Drinks!)

Nailah Ellis-Brown, founder of Ellis Island Sweet Tea

African American entrepreneurs are widening out and starting companies in all kinds of industries. They are no longer just owners of barbershops, hair salons, and restaurants. Nowadays, they are investing in bigger more global ideas like tech companies, investment firms, and global food and drink distribution.

Black Founders Matter: First Venture Capital Fund Led By Women of Color Partners

Karen Karr, Noramay Cadena, Daphne Dufresne, Juliana Garaizar, founders of Rising America Fund

On the heels of the Black Lives Matter (BLM) movement being reignited after the murder of George Floyd, at the hands of police, more venture capitalists (VCs) are jumping on the bandwagon of investing in entrepreneurs of color. The movement has shed a light on the plethora of inequities people of color face in the country, along with the significant income and wealth disparity between Black and White communities.

July 1, 2020

Netflix to Move $100 Million into Black-Owned Banks

Netflix Headquarters

Netflix, the world's leading streaming entertainment service, has announced that it will be allocating two percent of its cash holdings - initially up to $100 million - into Black-owned financial institutions and organizations that directly support Black communities in the U.S. They are the first Fortune 500 company in history to ever do anything like this!

June 30, 2020

Founder of Black-Owned Podcast Network Celebrates Reaching 2.4 Million Downloads of New App

Bennie Randall, founder of the Bshani Radio Network

Bennie Randall, founder of the Bshani Radio Network, launched his app earlier this year and already has a total of 2.4 million downloads to smartphones, tablets, and other portable devices worldwide on both Android and iPhone platforms.

Black Woman-Owned Book Store in Chicago Overwhelmed With Book Sales

Danielle Mullen, the owner of Semicolon Bookstore in Chicago, with her staff

Danielle Mullen, the owner of Semicolon Bookstore, a Black-owned book store in Chicago, says that the global Black Lives Matter campaign has resulted in a huge financial boost for her business. She says that her store has gone from selling 3,000 books a week to 50,000 books a week.

June 29, 2020

Meet the Newest Owners of This Black-Owned BP Gas Station in Jacksonville, Florida

Jasmine Brown and Kimberly Claridy Walker, Black woman owners of a BP gas station in Jacksonville, Florida

Jasmine Brown and Kimberly Claridy Walker are the newest African American female owners of a BP gasoline station and convenience store located in Jacksonville, Florida. Both were already successful entrepreneurs but decided to add this profitable franchise to their portfolio to continue being successful during the COVID-19 pandemic.

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...]

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...]