Black-Owned Businesses

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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Difference Maker: Boosting Black Business

Evanston Police Officer Tosha Wilson had a steady job and a good credit score but could not get a startup loan for her proposed Black-owned business. This brought about an epiphany: “There is no way that we’re the only people in this situation.” So, she started helping small Black-owned businesses raise money via a Facebook …

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Black-owned businesses should adapt to ecommerce, says Katika’s founder

Jason Coles shares his tips on how Black-owned businesses can thrive during the COVID-19 pandemic by using digital tools. Ecommerce has seen rocket ship-like growth since the start of the COVID-19 pandemic, when brick-and-mortar shops closed and consumers shifted to buying goods online. Meanwhile, COVID-19 has decimated Black-owned businesses on the whole: Over 40% went inactive during the first few months …

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Black Organizations Fight Systemic Racism by Supporting Black Businesses

Back in April, when the pandemic initially stalled business operations, reports came out that nearly 90 percent of businesses owned by people of color would not receive funding from the Small Business Administration’s Paycheck Protection Program (PPP). So some regional organizations, such as the Oakland African-American Chamber of Commerce (OAACC), have stepped in to create resiliency funds for Black-owned businesses, CBS SF Bay Area news reported …

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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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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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As nation celebrates Black Business Month, entrepreneurs launch 100-percent Black-owned equity crowdfunding platform

As the nation celebrates Black Business Month, a group of entrepreneurs has launched a 100-percent black-owned equity crowdfunding platform, The 10K Project that is setting out to fund black businesses and bridge the black wealth gap. As part of a national movement, the 10K Project allows micro investors to join for $100 and have the opportunity to …

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What Black Business Owners Need Most Right Now, According to Black Business Owners

New data tells us what Black entrepreneurs need. Here are a few things you can do to support them. BY ELIZABETH GORE The day Hello Alice launched in 2017, we committed that our primary focus would be the New Majority of business owners, which includes Black business owners. We did this because we saw the major opportunity to …

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VERIFY BLACK IS WORKING TO GET SOCIAL MEDIA PLATFORMS TO HIGHLIGHT BLACK-OWNED BUSINESSES

by Cedric ‘BIG CED’ Thornton After George Floyd was murdered, the outrage brought about calls for change internationally. Many companies are trying to be on the right side of racial justice when it comes to business. With entities like Target identifying Black-owned businesses on its site, Verify Black would be the catalyst to make this widespread across the …

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