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News, Resources & More For and About Black-Owned Businesses |
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Meet Arika Randolph, the CEO and founder of Scents By Her, a unique line of carpet fresheners for your home and your car that are tailored to Black culture. Although originally launched in 2019, she has recently decided to expand her business by adding all-natural dessert and drink-inspired carpet fresheners to her lineup.
Meet Claudienne Hibbert-Smith, who quickly became a successful entrepreneur when she left her job at age 21 to become a realtor. Now, she is making headlines for recently partnering with EXP Realty, one of the fastest-growing real estate companies in the world.
Meet Souadou Niang, a serial entrepreneur and the owner of Palms Luxury Boutique Hotel in Dakar, Senegal, who used to work as a housekeeper at the Ritz-Carlton Hotel in the United States. "I started out cleaning toilets. Today, I am the manager of my own five-star boutique hotel with 60 employees," Niang told BBC Africa.
Advancing Black Entrepreneurs by Chase for Business provides a collection of practical resources to help Black business owners grow and scale their businesses.
It’s been a big year for Novae, LLC, the first Black-owned FinTech company to offer 'Buy Now Pay Later' services for small businesses nationwide. In July, the company was recognized by Black Enterprise and Yahoo Finance, and the company’s CEO, Reco McCambry was named to Marquis Who’s Who in America and Who’s Who in Business and Finance over the summer. And earlier this year, Mr. McCambry received a proclamation naming January 19th Mr. Reco McDaniel McCambry Day in his hometown of McDonough, Georgia for his business accomplishments and contributions to the community.
Meet Rasool Muttalib, the founder of a fast-rising online freelance job portal called Belancing.com that is redefining the U.S. freelance marketplace and for the better. Founded in Atlanta, Georgia, his company stands out with its unique hyper-focus on building the best company culture and client satisfaction, for both business customers and freelancers. The platform assures to support businesses with expert professionals for any job and any budget, and also ensures a premium and comfortable work culture for freelancers.
Meet Rasheda Hatchett, a registered nurse, author, speaker, and resilience expert that educates and empowers thousands of nurses from across the country. Her company, Rasheda Hatchett Media, LLC, helps high-achieving healthcare leaders optimize their teams' reach and productivity through the lens of resilience.
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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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