Black Business

Why Should White Guys Have All The M&A Fun? Why More Black Businesses Should Consider Mergers & Acquisitions

Reginald F. Lewis was one of the richest African-American men in the 1980s, and the first African American to build a billion-dollar company. His bestselling book, “Why Should White Guys Have All The Fun?“, is one of my favorites. A small portion of the book briefly describes a conversation Lewis had with another Black attorney. During …

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How one Dayton entrepreneur is reinvesting in the Black community

DAYTON, OHIO (Dayton Business Journal) — Nate Dillard has a simple explanation for his entrepreneurship journey: He followed in his father’s footsteps. “When my dad left the military, he started his own IT business,” Dillard said. “That’s why I followed that legacy. My dad did it. I saw it happen. So, I did what I …

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SHOPIFY AND OPERATION HOPE TO CREATE 1 MILLION BLACK BUSINESSES IN 5 YEARS

Operation Hope, one of the leading financial education and economic empowerment groups serving African Americans, teamed up with global e-commerce powerhouse Shopify to create 1 million Black-owned businesses over the next five years. John Hope Bryant, the organization’s president and CEO, announced today the HOPE One Million New Black Business & New Black Entrepreneurship Initiative (1MBB) and …

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Accenture Launches Black Founders Development Program to Support Black Entrepreneurs

Accenture (NYSE: ACN) has launched the Black Founders Development Program, a new initiative that will invest in and support Black technology startup founders and entrepreneurs. Led by Accenture Ventures, the program will seek to help Black business owners and leaders advance and grow their technology businesses through greater, more direct access to venture capital, corporate mentorship and …

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Brooklyn’s Black-Owned Small Businesses Grow Despite Challenges

Although the pandemic threatens those gains, many entrepreneurs are pushing on and getting creative to weather the storm “My business is crippled right now,” Kim Morrison told BK Reader. However, it would be a mistake to count her out. Morrison, the owner of Unique Weddings & Tours, has weathered many storms since launching her company in 2012. …

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Where to Find Black-Owned Banks and How You Can Support Them

Since 1865, when President Abraham Lincoln established the Freedman’s Bank, this country has grappled with providing financial access to millions of disenfranchised Americans. Into the void steps a small but influential group of Black-owned banks. Black-owned does not mean “Black only” According to Kevin Cohee, Chairman and CEO of OneUnited Bank, the largest Black-owned bank …

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Journalist and Entrepreneur Franny Crooks Creates Black-Owned Business Directory Called ‘Black Rich Listings’

Black Rich Listings will provide a categorized listing of Black-owned businesses while also providing businesses with grants, business classes, vendor lists, and tutorials. New York, NY — During a time where the world is on high alert surrounding racism, cultural disparities, and social injustice, steps are being taken to highlight and support Black businesses in ways …

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The National Business League Aims to Empower 1 Million Black Businesses By 2025

Calling itself America’s oldest and largest trade group for Black businesses, the National Business League has aggressive growth plans for the future. The Washington, D.C.-based business advocacy group aims to boost its current membership from 120,000 to over one million black business owners and professionals in the next five years. It aims to achieve that …

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Johnny Bailey Explains Why The Key To Black Liberation Is Economic Power

Janice Gassam Asare Civil Rights leader John Lewis is quoted to have said “freedom is not a state; it is an act. It is not some enchanted garden perched high on a distant plateau where we can finally sit down and rest. Freedom is the continuous action we all must take, and each generation must do its …

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Oakland Black Business Fund Launches Investment Platform for Black-Owned Businesses Across the U.S.

Oakland Black Business Fund (OBBF) has launched a new Black-led investment platform to provide capital and technical assistance to Black-owned businesses. The platform includes a $10M relief fund focused on helping local Bay Area businesses impacted by COVID-19 and a $1B investment fund to support Black entrepreneurs across the country. Founded in June 2020 by Oakland community leaders Elisse Douglass and Trevor Parham, the OBBF has raised …

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