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News, Resources & More For and About Black-Owned Businesses |
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Margaret Nyamumbo has made history as the first Black entrepreneur to have her coffee brand, Kahawa 1893, sold in Trader Joe's grocery stores across the country. As a third-generation coffee farmer from Kenya, she knew firsthand the injustices women coffee workers face in the industry.
Meet Janneh K. Wright, the founder and CEO of PRIMUS Business Management. He grew up in one of the toughest parts of Brooklyn, New York City, but that didn’t stop him from becoming a successful entrepreneur. Now at 42-years old, he is celebrating almost two decades in business helping his clients to take charge of their finances, streamline their business operations, navigate online and create ways to track analytics.
Regina D. Braggs, Founder and CEO of Applause Network TV, Inc., is raising $15,000,000 with a Reg D 506 (c) through accredited investors. Incorporated in 2010, Applause Network TV has been providing streaming services consisting of original videos, live shows, and on-demand content created by a talented production team and Board of Directors with 40+ years of combined experience.
30-year old Johnathan Lacy has made history as the first-ever African American owner of a 7-Eleven franchise in the state of Nevada and in the city of Las Vegas. He says that he was able to do it with his own money and without any other investors!
Lily Adeleye is once again making history at the age of 6. As the founder of Lily Frilly, a popular girl's fashion brand, she is now the youngest entrepreneur to have a Black-owned brand being sold in Walmart stores. It comes just barely one year she made history as the youngest person to have her products sold in Target stores nationwide.
Meet Judi Henderson-Townsend, the founder and CEO of Mannequin Madness, a Black-owned business that generates millions of dollars selling and renting recycled mannequins. She started the company in 2001 as a side hustle renting out mannequins from her backyard, but now it's a global enterprise with millions of dollars in annual sales.
Meet Navarr Grevious and Mikael Pyles, two HBCU graduates and fraternity brothers who founded QuikLiq - the first Black-owned alcohol delivery service. They met on campus while attending Clark Atlanta University back in the early 2010s, and have since become business partners that have developed a game-changer for the alcohol industry.
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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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