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Welcome to the Black 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:

Thursday, November 14, 2019

Stephen A. Smith is Now the Highest Paid Sportscaster on ESPN

Stephen A. Smith

Stephen A. Smith, a 51-year old sports television personality for ESPN, has recently signed a new 5-year contract with the network worth $8 million a year. That makes him the highest paid sportscaster on the network.

Wednesday, November 13, 2019

6 Black-Owned Restaurants With Chicken Sandwiches Worth Fighting Over

Fight at Popeyes over chicken sandwich

Fights are breaking out all throughout the country over Popeyes' new chicken sandwich, and the fast food restaurant is making millions of dollars every week from the craze. Meanwhile, better-tasting chicken sandwiches from restaurants owned by Black entrepreneurs are completely being ignored. For those who want to support them, it's a lot easier than you think!

Tuesday, November 12, 2019

Black Entrepreneur Creates Patented Vending Machines For Baby Products

Jasmin Smith, founder of Baby Vend

Meet Jasmin Smith, a single mother of twins, who has launched Baby Vend - a patented and trademarked vending machine company that sells baby-related products. Based in Anchorage, Alaska, her vending machines are already being used at airports and other locations across the country.

Monday, November 11, 2019

Black-Owned Security Firm Opens $2.5 Million Headquarters in Black Neighborhood

John and Denitra Griffin, founders of AGB Investigative Services

Starting out from a home basement office in 2001, AGB Investigative Services, a security firm founded by John and Denitra Griffin, just recently opened the doors of their new headquarters worth $2.5 million. It is conveniently located in the predominantly-Black neighborhood of Auburn Gresham in Chicago, Illinois.

Friday, November 8, 2019

Rap Snacks, Available in 4,200 Walmart Stores, is Now the Most Distributed Black-Owned Potato Chip Brand

Master P and James Lindsay, founder of Rap Snacks

Based in Atlanta, Rap Snacks is officially now the most distributed Black-owned brand of potato chips. The founder, James Lindsay, and his partner, Master P, have recently brokered a deal to have the snacks sold in more than 4,200 Walmart stores across the country.

Thursday, November 7, 2019

There Are 13 Black Billionaires Around the World — Only 3 of Them Are Women!

Black women billionaires - Oprah Winfrey, Isabel Dos Santos and Folorunsho Alakija

There are many billionaires around the globe. Sadly though, out of the 2,153 billionaires in the world, according to Forbes, only 13 of them are Black, which is 1 percent. Even worse, only three of them are Black women. Despite the low numbers, we celebrate them anyways and proudly embrace their success!

Wednesday, November 6, 2019

Black-Owned Hair Salon Gets $35K in Funding Thanks to This Former Banker Turned Entrepreneur

Tina Williams, founder of QT Business Solutions

Meet Tina Williams, founder of QT Business Solutions, who thoroughly believes that funding and cash flow is the lifeblood of a business. As a former personal banker who has worked at J.P. Morgan Chase and Fifth Third Bank, she knows all too well how important it is for small businesses to have continuous access to capital. This is why since 2001, she has been quietly helping Detroit-based businesses get the funding they need.

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...]