Vice President Kamala Harris used her time at Freedman’s Bank Forum to announce new public and private-sector efforts to advance racial equity. Harris said the administration recognizes the continued difficulty that Black-owned businesses have in finding funding. She acknowledged that they routinely are the first to suffer during an economic downturn. Among a slate of…
Dr. Benjamin F. Chavis, Jr., President and CEO of the National Newspaper Publishers Association (NNPA) announced today that he and the NNPA have agreed to assist the efforts of Earvin “Magic” Johnson, majority owner of EquiTrust, the nation’s largest minority-owned insurance company, and MBE Capital Partners (MBECP), the largest certified minority-owned asset-based lender, in funding…
By: Alexis Wagner After a hard-fought battle with stiff competition, Houston minority-owned small business, Decision Information Resources, Inc. (DIR), has won a $16 million dollar contract to provide data collection, analysis, and performance measurement support to the National Office of Job Corps in the US Department of Labor. They only had five days to bid…
Millions of new businesses are formed nationwide each year and women of color are leading the charge. The Wells Fargo Impact of Women-Owned Businesses Report found that Black women are one of the fastest-growing groups of entrepreneurs in the United States, representing 14.8% of all women-owned businesses, and Hispanic/Latina women represent 14.3% of all women-owned…
The last few years have been rocky times for the 32.5 million U.S. small businesses, according to the U.S. Small Business Administration (SBA). They have faced big challenges such as the COVID-19 pandemic, labor shortages, and rising inflation. These firms, which account for 43.5% of gross domestic product, are also facing a lending crunch. The…
By: d-mars.com News Provider PR Newswire Joe Cecala, Founder and CEO of Dream Exchange was invited to speak at the National Black Business Conference which took place in Atlanta, Georgia on August 24-26. With a resounding commitment to empowering a new generation of entrepreneurs, a historic agreement that marked the beginning of an unprecedented partnership between Dream Exchange and…
Even as minority business owners face new economic challenges, including supply chain disruptions and inflation, results from PNC’s recent Economic Outlook survey show an impressive resiliency and positive mindset among these business leaders, according to Marshalyn Odneal, national sales executive for Minority Business at PNC Bank. According to PNC’s survey, more than two-thirds (68%) of…
Black Business Month is celebrated in August — it’s a time to acknowledge and appreciate Black-owned businesses across the nation and all that they represent in the country’s continual striving for diversity and equality. Denise Moore, CEO of the Black Business Alliance in Peoria, Illinois, has this to say about the importance of Black Business…
The last few years have been rocky times for the 32.5 million U.S. small businesses, according to the U.S. Small Business Administration (SBA). They have faced big challenges such as the COVID-19 pandemic, labor shortages, and rising inflation. These firms, which account for 43.5% of gross domestic product, are also facing a lending crunch. The…
If you’ve launched a small business or dream of becoming a business owner, the task may seem daunting. The good news is, helpful resources – and funding sources – are available to support you as you plan, start and grow your business. Here are tips specifically for women and women of color business owners, that…
By d-mars.com News Provider Wells Fargo recently announced a $20 million donation to the Houston Fund for Social Justice and Economic Equity, also known as the Houston Equity Fund, to provide small business owners with new ways to grow and own more of their businesses. The Houston Equity Fund will distribute the funding in the…
By Stacy M. Brown, NNPA Newswire Senior National Correspondent Wells Fargo & Company announced equity investments in five African American Minority Depository Institutions, or MDIs, as part of a 2020 pledge to invest up to $50 million in Black-owned banks. The banking giant said it is also offering access to a dedicated relationship team that…
By Stacy M. Brown, NNPA Newswire Senior Correspondent @StacyBrownMedia Crystal Etienne is a businesswoman, wife, and mother of two children. She’s also the founder of Ruby Love, a $10 million personal care company that she built in just four years. “My dream was to always work for myself,” Etienne, a New York native, stated in an…
The tour, which will begin with a moderated conversation in Atlanta on April 29, will see the Vice President visiting several states to emphasize the administration’s commitment to creating an economy where every person can thrive.
President Joe Biden signed a bill on Wednesday approving the ban of TikTok, adding significant pressure on the platform to find a new owner.
The United States House of Representatives passed bipartisan legislation to potentially ban TikTok, the viral video-sharing platform owned by a China-based company.
Despite the increasing opportunities for female entrepreneurs, women-owned businesses remain a minority and women encounter numerous obstacles when embarking on the entrepreneurial journey.
By: d-mars.com News Provider Encouraging and supporting black entrepreneurship in Houston, or any other city, is essential for fostering diversity, innovation, and economic growth. Here are some tips for black entrepreneurs in Houston: Remember that each business journey is unique, and there is no one-size-fits-all approach to entrepreneurship. Adapt these tips to your specific business…
What Are You Doing in Your Community for Empowerment? The Houston Area Urban League, a registered 501(c)3, has been serving the Houston community since 1968. The organization’s mission is to enable Black people and other disadvantaged communities to secure economic self-reliance, parity, power, and civil rights. Through their advocacy and efforts, the organization helps address…
Houston born and bred rapper Bun B is about to “open up shop” with a location for his Trill Burgers eatery. According to Revolt, it was announced that he secured a location in the Montrose area just minutes away from Midtown. The building previously housed fast food chain James Coney Island which specialized in gourmet…