Two men from Kentucky created a startup called “Ujamaa Deals,” that will offer customers discounts on Black-owned businesses’ products and services.
Washington D.C. ranks atop a newly released National Urban League Policy Institute study that lists the top metropolitan areas for Black-owned businesses. Los Angeles and Chicago came in at number two and three respectively when it comes to cities best suited for Black business. See also:Â Rick Perry Jeopardizes Campaign With ‘The Stumble’ See also:Â Weekend Getaway […]
A diverse group of Black businesses have made this years’ Inc. 5000 list of the fastest-growing companies. Ten companies from a variety of fields including real estate, technology and healthcare all showed significant gains, with three making Inc.’s list of 100 fastest-growing companies for 2011. The largest company on the magazine’s list, Urban Lending Solutions, […]
Black-owned banks are struggling to remain relevant and during difficult economic times, according to a report by HuffingtonPost.com The number of black-owned banks across the nation is shrinking– almost half of the banks closed in the past two decades. HuffingtonPost.com reports: Their traditional customer base — lower and middle class blacks, small business owners and […]
Community leaders from the Southern Christian Leadership Conference and local businesses in Fort Worth, Texas are unhappy with the name of a local food-mart titled “Da Hood Food Mart.” “The name is insulting to our African-American heritage and the over-saturation of these types of establishments within the economically disadvantaged communities is simply a continuation of […]
While America’s economic turmoil has impacted the entire nation, Black businesses seem to be some of the most severely affected. Today, in the U.S., there are half as many Black-owned car dealerships than there were three years ago. Automotive News details the industrywide decline. Black dealers have taken a disproportionate hit — “drastic” in the […]
A program aimed at helping jumpstart the local economies of struggling cites is pairing high-performing college graduates and business startups in cities like Detroit, New Orleans and Providence, R.I. Modeled after Teach For America, Venture For America is a two-year program that places recent college graduates into business startups. “Our concrete goal is to generate […]
