Black Business Logo News, Resources & More For and
About Black Entrepreneurs and CEOs
Home News/ Blog Events Publications Organizations Grants/ Funding

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:

Friday, February 28, 2020

103-Year Old Woman Still Running Pie Business She Opened 68 Years Ago

Mary Woodruff, 103-year old founder of Woodruff's Cafe & Pie Shop

Woodruff's CafĂ© & Pie Shop first opened in Monroe, Virginia by Mary Woodruff and her husband James in 1952 when there were very few Black-owned businesses in the country. Now Mary is 103-years old and is still hands-on in running the family business!

Thursday, February 27, 2020

Black-Owned Financial Tech Firm Raises $3.5M in Seed Round As They Advance Efforts to Address the Wealth Gap

MoCaFi provides innovative financial tools that foster economic mobility in underbanked communities through their mobile banking platform

Wole Coaxum, founder of Mobility Capital Finance

Newark, NJ -- Mobility Capital Finance [“MoCaFi”], a financial technology company that is committed to bringing financially underserved communities in the United States into the digital banking economy, has closed $3.5 million in a Series Seed funding round. Wole Coaxum, founder of the company, is an African American former Wall Street and insurance industry executive.

Wednesday, February 26, 2020

FedEx Makes History, Appoints First Ever Black Woman CEO

Ramona Hood, first Black woman CEO at FedEx

Ramona Hood, the newest CEO at FedEx, is the first Black woman to take the lead in the company's history. Hood, who was formerly the company's Vice President of operations, strategy, and planning, has specifically been promoted to both President and CEO of FedEx Custom Critical, which provides same-day and overnight delivery of expedited freight.

Tuesday, February 25, 2020

Super Talented Black Artist Launches Affordable Illustration Company

Charles Franklin, founder of Studio 40 Acres

Charles Franklin, a very talented freehand artist from Washington, DC, has launched his very own boutique illustration studio called Studio 40 Acres. With specific expertise in photo to pencil drawing art, his mission is to create memorable custom illustrations specifically geared to the needs of people that want professional artwork for under $80 dollars.

Monday, February 24, 2020

This CEO Raised $31 Million Last Year For Black Entrepreneurs in Florida

Meet Inez Long, president and CEO of the Black Business Investment Fund (BBIF), a non-profit, mission-driven, Community Development Financial Institution (CDFI) that helps Florida businesses thrive by providing loan capital alongside with business development training. Under her leadership since 1991, BBIF has provided over $47.6 million in loans to over 406 Black and minority businesses and has created and sustained over 12,906 jobs.

Friday, February 21, 2020

From Foster Care to Being Homeless to Owning a Hair Care Brand Worth $2M

Jerricha Hoskins, founder and CEO of Arcani Coil Care

Jerricha Hoskins, the founder and CEO of one of the fastest-growing Black-owned hair care brands, Arcani Coil Care, used to be in foster care and live in homeless shelters. But with determination and the right formula, she has created an empire worth $2 million within just 2 years!

Thursday, February 20, 2020

Meet the Newest President of University of Maryland, College Park

Darryll J. Pines, President of the University of Maryland

Darryll J. Pines is the newest President of the University of Maryland, the state's flagship institution with more than 40,000 students. Pines, who previously served as a professor and Dean of the university's Engineering School for over 20 years, is only the second African American to become President since the institution was founded 164 years ago.

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...]