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Tuesday, December 12, 2017

Entrepreneur Scores $50 Million in Funding For Robotic Pizza Delivery Service That Bakes Your Order While En Route to Your House

Julia Collins, founder of Zume Pizza

Julia Collins, the co-founder and CEO of Zume Pizza, and her partner Alex Garden, have just scored a $50 million investment for their innovative company which uses robots to make ready-to-order healthy pizzas. Her company is being called the "perfect marriage of food and technology" and "a seamless blend of art and science" for the $25 billion pizza industry.

Monday, December 11, 2017

Photo of Talented Black Entrepreneur Seen Knitting on an NYC Subway Train Goes Viral -- Now His Business is Booming!

Louis Boria, founder of Brooklyn Boy Knits

An African-American man was recently spotted knitting on an NYC subway train. Seeing this was so impressive and unusual that one woman took a photo of him and shared it on social media. It turns out that the man was Louis Boria, founder of Brooklyn Boy Knits. His story has since gone viral, and his sales have exploded.

Tuesday, December 5, 2017

Oprah Signs New $70 Million Deal With Discovery Networks -- Will Continue as CEO of OWN Until 2025

Oprah Winfrey, founder of OWN

Discovery Communications has completed an agreement with Oprah Winfrey’s Harpo, Inc. to increase its ownership stake in its successful OWN: Oprah Winfrey Network joint venture.

Monday, December 4, 2017

35 Amazing Black-Owned Restaurants You Should Have Tried By Now

Black-owned restaurant in New York City

There are thousands of Black-owned restaurants across the country. Some of them serve soul food, while others serve barbecue. And others are just diners or cafes. What ever the case, these restaurants are historic and are known to help their local communities thrive.

Thursday, November 30, 2017

5 Black-Owned Companies You've Never Heard of That Make $500 Million or More A Year

Black-Owned Business Owner

There are more than 2 million businesses in the United States that are owned by African Americans, but most are small operations with very few employees. However, there are many Black-owned businesses that employ hundreds or thousands of people, and generate annual revenues of $100 million or more - some even generate billions.

Tuesday, November 28, 2017

Lavar Ball is Not "An Ungrateful Fool" -- He's a Business Mastermind Worth Millions!

Lavar Ball, founder of Big Baller Brand

President Trump tweeted that Lavar Ball is "an ungrateful fool" after he refused to thank him for helping to release his son from prison in China, and initially a lot of people agreed. But now, more and more people are starting to see how clever Lavar is.

Friday, November 24, 2017

25 Black-Owned Businesses to Support on Black Friday and Cyber Monday

Founders of Black-owned businesses
(left to right) Silas Adekunle, founder of Reach Robotics; Mahisha Dillinger, founder of CURLS, LLC; Aminah Abdul Jillil, founder of her own self-titled shoe collection; and Reben Canada, founder of Jin+Ja drinks

Every year, Americans spend billions of dollars on Black Friday and Cyber Monday, but very little of this sales revenue goes to Black and minority-owned businesses. In fact, according to federal statistics, Black-owned businesses continue to grow in numbers, but their annual revenues and number of employees continue to lag.

Monday, November 20, 2017

Meet the Black Entrepreneur Who Raised $7 Million For His Robots -- and Just Signed a Major Deal With Apple!

Silas Adekunle, CEO and founder of Reach Robotics
Silas Adekunle, CEO and founder of Reach Robotics

Silas Adekunle is the CEO and founder of Reach Robotics, a very innovative company that uses robots to intertwine gaming with education for Science, Technology, Engineering and Math (STEM). He has raised more than $7 million to fund his invention, and just recently he signed a major deal to sell his gaming robots in all 360+ Apple stores around the world.

Monday, November 13, 2017

Former DJ-Turned-Entrepreneur Finds Success With Her Homemade Peanut Butter and Jams (Music Jams, That is!)

Megan Gibson, founder of PB&Jams
Megan Gibson, founder of PB&Jams

PB&Jams is a Black-owned company in West Philadelphia, Pennsylvania whose founder, Megan Gibson, took an American favorite -- peanut butter -- and grew the idea into a successful business. Her business specializes producing many different kinds of nut butters that are inspired by her favorite music jams.

Monday, November 6, 2017

Team of Black Inventors Create Smart Jacket That Diagnoses Disease in Toddlers That Doctors Often Miss

Founders of Mama-Ope - a biomedical smart jacket

A team of Ugandan innovators have created Mama-Ope - a biomedical smart jacket that rapidly increases the accuracy and speed of diagnosing pneumonia. Pneumonia is an illness in Uganda that takes the lives of many people (especially children) every year because it is commonly misdiagnosed with malaria, asthma and tuberculosis, and therefore mistreated.

Friday, November 3, 2017

Get in Shape With These 7 Black-Owned Fitness Companies

Black couple jogging

When it comes to supporting black-owned businesses, we often think of all the retail industries, restaurants, hair care, financial services and other types of industries that are owned by blacks. But there are other industries to also keep in mind, like fitness centers.

Tuesday, October 31, 2017

Young Black Entrepreneur Finds Success Making Affordable Wheelchairs

Daniel Habanabakize, young entrepreneur from Rwanda

Daniel Habanabakize, a 24-year old entrepreneur from Rwanda, has found success making affordable high-quality wheelchairs that he sells to the locals in his community. Typically, wheelchairs are imported into the country and thus expensive, but Daniel has found a cost-effective way to make them using metals and other materials that he buys locally.

Friday, October 27, 2017

Colin Kaepernick Has Reportedly Signed a $1 Million Book Deal -- And He's Selling His Own Line of Merchandise Online

Colin Kaepernick

NFL quarterback turned civil rights activist, Colin Kaepernick, is not playing professional football right now, but he has found another way to generate revenue. He reportedly has been offered $1 million by one of Random House's imprints, One World, to publish a book.

Wednesday, October 25, 2017

Entrepreneur Crushes the "Angry Black Woman" Stereotype With Her Smiling, Happy Products

Daveia Odoi, founder of The DynaSmiles by DNT
Daveia Odoi, founder of The DynaSmiles by DNT

Daveia Odoi is the creator of “The DynaSmiles by DNT,” an original collection of happy art sold in the US, UK and Ghana that has been highlighted by Essence, Black Enterprise, and BET. Her work places happy, smiling Black women on various products including journals, cosmetic bags, laptop covers, smartphone cases, and more.

Monday, October 23, 2017

Black Woman-Owned Beauty Brand Raises $1 Million in Funding Despite Major Industry Competition and Saturation

Founders of Mented Cosmetics
K.J. Miller and Amanda E. Johnson, founders of Mented Cosmetics

The beauty industry is very competitive, and already saturated with hundreds of companies that offer various makeup products. Despite this, however, two Black female Harvard Business School grads were able to launch their own beauty brand for women of color called Mented Cosmetics. Even more, they have already managed to raise $1 million in capital for their business.

Tuesday, October 17, 2017

Derek Jeter Becomes the First Black CEO of a Major League Baseball Team -- Says He's Fine With His Players Kneeling


A group headed by 14-time MLB All-Star Derek Jeter and Florida businessman Bruce Sherman has completed its purchase of the Miami Marlins, a Major League Baseball team. Jeter, now a co-owner of the team, has also been named the team's first ever Black CEO.

Tuesday, October 10, 2017

Landlords Hate This Young Black Entrepreneur's App (But Renters Love It!)

Ofo Ezeugwu, CEO and co-founder of Whose Your Landlord
Courtesy of TheGrio.com

23-year old Ofo Ezeugwu is the CEO and co-founder of Whose Your Landlord (WYL), a free service that provides renters with landlord reviews so that they can be better informed about the properties that they want to rent. The web site exposes landlords who try to scam unaware consumers in the marketplace, and also provides community insights and reveals the best available apartment listings.

Tuesday, October 3, 2017

Last Black-Owned Bank in Chicago Gets $20 Million Deposit From the City

Staff at ISf Bank in Chicago
Staff and customers at the Illinois Service Federal Savings & Loan Association in Chicago

Illinois Service Federal Savings & Loan Association (IsfBank) is the last Black-owned bank in Chicago, and the city wants it to stay afloat. That's why the city of Chicago has just deposited $20 million into the bank to ensure the bank will be around to continue to support underserved communities.

Monday, October 2, 2017

After Waiting 8 Years, Black-Owned Company Finally Wins $700 Million Contract to Redevelop South Central LA Community

Quintin E. Primo III, CEO of Capri Investment Group
Quintin E. Primo III, CEO of Capri Investment Group

A $700 million project to redevelop a neighborhood in South Central Los Angeles has been approved by The Los Angeles Planning Commission. The proposal was made by Black-owned Capri Investment Group, headquartered in Chicago, and includes homes for low-income earners and an expanded and revitalized shopping mall.

Tuesday, September 26, 2017

Talented Black Artists Cashing in on #TakeaKnee NFL/ Donald Trump Controversy

Artwork by Art God illustrating Colin Kaepernick and Donald Trump
Artwork by Art God courtesy of DaRealIcon.com

Many Black artists are using the controversial NFL protest and President Trump's recent verbal attack on NFL players, not only to bring attention to their work, but to bring revenue to their businesses. Several have painted beautiful canvasses illustrating their perspective on the issue, and some have even taken it further than that.

Monday, September 25, 2017

This 17-Year Old Black Entrepreneur's Beauty Brand is Worth Almost $500K -- And She Has More Than 40 Different Products!

Zandra Cunningham, founder of Zandra's Beauty products
Zandra Cunningham, founder of Zandra's Beauty products
Zandra Cunningham, the founder and CEO of Zandra’s Beauty, an all-natural skincare line, started her company when she was just 9-years old. Now, at age 17, her Buffalo, New York-based company has more than 40 products and is worth almost $500,000.

Monday, September 18, 2017

Solar-Powered Food Carts Helping Poor Black Entrepreneurs to Become Street Vendors

Black street vendors in Uganda using Musana Carts

Three social entrepreneurs, Manon Lavaud, Nataliey Bitature, and Keisuke Kubota, have founded Musana Carts, a San Francisco-based company, that provides urban street vendors with a cleaner, safer and more efficient solution to their cooking, storage, and financing needs.

Friday, September 15, 2017

Black-Owned Construction Firm Scores $27 Million Convention Center Contract in a City That is Only 6% Black

Hermann Colas, founder of Colas Construction, with his executive team
Hermann Colas, founder of Colas Construction, with his executive team
Colas Construction, a Black-owned construction firm based in Portland, Oregon, has just scored the largest contract ever awarded to a minority-owned business by the city. Their contract is worth $27 million dollars, and will require the firm to serve as construction manager-general contractor for the Plaza, Entries and Interiors project at the Oregon Convention Center.

Monday, September 11, 2017

What Oprah Winfrey Taught Steve Harvey About Business -- She Told Him, "Steve, the Key To Your Success is..."

Oprah Winfrey and Steve Harvey

Steve Harvey admits that he wants to be a mogul like Oprah. "I'd love to build one of the greatest media empires of all time. Oprah's done it," he said during a recent interview with Hollywood Reporter.

Black Ownership in This Controversial Industry is Less Than 1% -- But These 3 Visionaries are Breaking Down the Barriers!

Founders of The Hood Incubator
Founders of The Hood Incubator
One of the fastest-growing industries in America today is legal marijuana used for medicinal purposes, yet very few people of color can break into the business. In fact, Black ownership in the legal industry is less than 1%. But three visionaries from California want to change this!

Thursday, September 7, 2017

8 Black Celebrities That Own Restaurants, Fast Food Chains, and Sports Bars

Venus Williams, Shaquille O'Neal, and Ludacris

Unless a restaurant bears the celebrity's name, most people would never know that it is owned by a celebrity. Here are 8 well-known black celebrities and the restaurants, fast food chains, and sports bars that they own:

Tuesday, September 5, 2017

10 Black-Owned Online Art Galleries and Collections

Corey Barksdale, founder of Corey Barksdale Fine Art Gallery
Corey Barksdale, founder of Corey Barksdale Fine Art Gallery

You don't have to travel far to visit some of the finest art galleries. These 10 Black-owned online art galleries and collections represent some of the finest art works from super talented artists across the country. Many have their own physical locations, but all of their art work can be purchased online.

Sunday, September 3, 2017

Black Inventor Creates Amazing Hair Dryer That Dries Your Hair in Half the Time


Martin McCurtis from Jackson, Mississippi has built a revolutionary machine that reduces the time to dry women's hair by more than 50%. It's called the Momentum UpFlow hair dryer, and although it's not yet available in stores, Martin has a fully functioning, slick prototype available and investors are very interested.

Thursday, August 31, 2017

Mother of Four Launches Multi-Million Dollar Curly Wig Empire

Tiffini Gatlin, founder of Latched and Hooked
Tiffini Gatlin, founder of Latched and Hooked
When you're a mother of four, you have no time to waste. Tiffini Gatlin, a native of Atlanta, is an entrepreneur that left her job as a corporate banking executive and went into the hair business. Within a year, she had built a million dollar business of her own.

Wednesday, August 30, 2017

Michael Jordan and 9 Other Black NBA Players With Multi-Million Dollar Shoe Deals

Michael Jordan during press conference for his Nike shoes

Michael Jordan retired from basketball in 2003, but he remains busy with endorsements especially for his Nike shoes. In fact, his $110 million endorsement deal with Nike is what still keeps him on the Forbes annual list of the world’s 100 highest-paid athletes.



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