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Monday, June 20, 2016

Hillary Clinton Talks To Black Businesses -- Gains Support From U.S. Black Chambers of Commerce

Hillary Clinton With Black Business Owners

Democratic presidential candidate, Hillary Clinton, has released an exclusive video showing her support of Black business owners and entrepreneurs. The the U.S. Black Chambers, Inc. (USBC) aired the exclusive video during it’s recent annual business conference in Washington, DC.

Sunday, June 19, 2016

6 Black-Owned Barbecue Spots That Have Been Around Since the Civil Rights Era

Black-owned barbecue joint

Barbecue restaurants (also known as BBQ joints, spots, pits) serving dishes like pork rib, cole slaw, potato salad and more have long been popular among African Americans, and there are many Black-owned ones located across the country. Several, however, have been around for quite a few decades and were even frequented by civil rights heroes like Martin Luther King, Jr.

Wednesday, June 15, 2016

Both Ebony and Jet Magazines Have Been Sold Off to a Private Equity Firm

Ebony and Jet magazine covers

Ebony magazine and the digital version of Jet magazine, two of the most popular publications that have chronicled African-American life for the past 71 years, have both been sold to Clear View Group - a private equity firm based in Austin, Texas. The sales price was not disclosed, but Michael Gibson, chairman of Clear View Group, says the company will retain its Chicago headquarters and much of its staff.

Tuesday, June 14, 2016

Black College Launches Student-Run Record Label Called HBCU Records

Daytona Beach, Florida is well known for the Daytona International Speedway where the Daytona 500 NASCAR race is held every year. Students and others who love music might also know it for the college-run record label that was started there recently at Bethune-Cookman University. The label, which is called HBCU Records, is run entirely by students.

Byron Allen's Entertainment Studios Acquires

Byron Allen

Byron Allen, a comedian, television producer, and entrepreneur, who is also the founder of Entertainment Studios, Inc. has announced that his company is the new owner of the New York-based African-American focused digital news platform, TheGrio.

Monday, June 13, 2016

Young Black Entrepreneur Farmers in Detroit Finding Success, But Still Struggling Because of This!

Young Black Farmers in Detroit, Michigan area

In 1910, African Americans owned nearly 20 million acres of land in the United States, most of it rural farmland. Today, they own less than 8 million acres. In Detroit, where the population is 83 percent black, black farmers want to own land and grow their own food but they have one big problem -- it's almost impossible for them to buy land!

Wednesday, June 8, 2016

It's True -- Rapper Soulja Boy Just Signed a 5-Year $400 Million Deal

Soulja Boy

A $400 million deal is a BIG deal for anyone, including 26-year-old rapper, record producer, actor, and entrepreneur Soulja Boy. Born as DeAndre Cortez Way, Soulja Boy had his first hit in 2007 and made it to the Forbes list of Hip-Hop Cash Kings of 2010 for earning $7 million for that year. He has now sealed a deal for a cool $400 million.

Monday, June 6, 2016

10-Year Old Entrepreneur Fighting Bullies With Her New Apparel Line

The youngest person ever to debut a line at New York Fashion Week is 10-year-old Egypt (Ify) Ufele. Her grandmother taught her to sew when she was only 5, and she practiced by making clothes for her Barbie dolls. What is so fascinating about Ufele, however, is her motivation behind starting her own apparel line, called ChubiiLine -- fighting bullies!

Wednesday, June 1, 2016

5 Other Companies Owned by Bob Johnson (Founder of BET) That You Probably Don't Know About

Bob (Robert) Johnson, founder of BET

Many people know Bob (Robert) Johnson as being the founder of BET (Black Entertainment Television), which he sold to Viacom back in the year 2001. BET was and continues to be the nation’s most popular and most profitable cable television channel that targets African American viewers, and many have labeled Johnson as a "sell out" because he sold the company to a non-black media entity.

Tuesday, May 31, 2016

Meet the Man Who Negotiated Lebron James' Billion Dollar Deal With Nike

Maverick Carter and Lebron James

Everyone knows Lebron James the athelete -- Cleveland Cavaliers all-time scorer, winner of four NBA MVP Awards, two NBA Finals MVP Awards and two Olympic gold medals. But he is also a successful businessman, and one of his biggest endorsements is with Nike. There is almost always someone behind every successful person, and for Lebron James, that someone is his childhood friend-turned-business partner Maverick Carter!

Tuesday, May 24, 2016

Juice Bar/ Vegan Restaurant Owner Making Healthy Profits Serving "Green Latifah" and "Swizz Beets"

Jerri Evans, owner of Turning Natural Juice Bar and Cafe

Jerri Evans, an entrepreneur that owns Turning Natural Juice Bar and Cafe in the Washington DC area, is having huge success and is planning to open more locations. As the name of her establishment suggests, they serve fresh juices and vegan-based foods, and she's pulling it off in urban areas where mostly African Americans live!

Monday, May 23, 2016

22-Year Old CEO From Kenya Builds a Multi-Million Business In Just 6 Months

Agnes Mulewa Ng'ang'a

It may have appeared on the outside that young Agnes Mulewa Ng'ang'a had everything against her ever becoming a success business owner. Those who may have doubted her didn't know Agnes! She built a very successful business in just 6 months.

Friday, May 20, 2016

Former Black Panther Starts Urban Farm in Oakland to Give Ex-Cons a Fresh Start

From a Black Panther chairwoman in the 1970's to creating an urban farm that employs ex-cons may seem like an unlikely career path for Elaine Brown. Then again, it may be just the perfect choice for a woman who has always been an advocate for prisoners.

Monday, May 16, 2016

The World’s First African-American Rolls Royce Car Dealer

Thomas Moorehead is not only the first African American Rolls Royce car dealer but the only Rolls Royce dealership in greater Washington, D.C. He is thriving in one of the wealthiest communities in the country, but he is also one of the most humble business owners you'll ever meet who has never forgotten the people who helped him along the way.

Saturday, May 14, 2016

Former Homeless "Thug" Now Owns 2 Successful Restaurants

Darnell Fergusion, founder of Super Chef's restaurant

Darnell Ferguson, founder and owner of Super Chef's Restaurant, knew early on what he enjoyed and wanted to do. It was while attending vocational school that he realized how much he enjoyed cooking. His inspiration was watching celebrity chef, Emeril, on TV, and that's when he decided he wanted to own his own restaurant. But getting there was a lot more difficult than he ever imagined!

Tuesday, May 10, 2016

Black-Owned Car Manufacturer to Take on Major International Brands

Kwadwo Safo, CEO of Kantanka Group

Black entrepreneurs have long had success in the car industry as dealers and suppliers, but few have made it far enough to become an actual car manufacturer. But Kwadwo Safo Jr, CEO of Kantanka Group, is defying the odds! Based in Accra, Ghana, his car company is already producing more than 100 vehicles each month.

Monday, May 9, 2016

Why Some Black Entrepreneurs Hide Their "Blackness"

Black business owner hiding

An owner of a patio-installation business was successful in building his company to a $6 million enterprise over 9 years. The interesting part of this story is that the owner did it by hiding the fact that he was a black business owner. His story is just one of many by black entrepreneurs who have to hide the fact that they are black in order to succeed.

Wednesday, May 4, 2016

Damon Dash and Dr. Boyce Watkins Launch New Online "Be a Boss" Course -- Enrollment Is Open!

Damon Dash's career is legendary, as he was responsible for developing the careers of men like Jay-Z, Kanye West and the Rachel Roy fashion Line. Dr. Boyce Watkins was the only African American in the world to earn a PhD in Finance during the year 2002. Since then, he has taught Finance at major business schools for 20 years and is also the founder and CEO of Boyce Watkins Enterprises and The Watkins Media Group.

Tuesday, May 3, 2016

From Broke to Multi-Millonaire - How Daymond John Became Daymond John

Daymond John

Daymond John has become a household name by his appearance as a co-star on ABC's Shark Tank. But there is much more to know about this entrepreneur, author, fashion mogul and motivational speaker - like for instance, how he turned $40 into a $6 billion-dollar fashion enterprise.

Monday, May 2, 2016

Black-Owned Beer Brewing Company Gets Premium Placement in Walmart

Celeste Beatty, owner of Harlem Brewing Company

With 11,620 Walmart stores around the country that are getting 100,000,000 customers per week, getting a product placed in a Walmart store is a very big deal. But that is exactly what entrepreneur Celeste Beatty, owner of Harlem Brewing Company, did!

Why Prince's Death Will Generate Another $100 Million

Prince album cover

Sadly, legendary singer and songwriter, Prince, died on April 21, 2016. Best known for his Purple Rain album, the music icon had been writing music and performing since the 70's. His estate is estimated at $250 million, but it is anticipated it will generate another $100 million over the next two decades.

Friday, April 29, 2016

Tenured Harlem Teacher Takes Plunge into Entrepreneurship -- Launches Her Own Jewelry Line

Ifétayo Abdus-Salam, artist-turned-teacher-turned-entrepreneur

Like the pieces that comprise her jewelry line, Hecho en Harlem, Ifétayo Abdus-Salam is beautiful, bold, and “made in Harlem.” In fact, she was raised in the very apartment that now houses her metalwork studio - located just minutes from the legendary Apollo Theater. The artist-turned-teacher-turned-entrepreneur has come a long way from making beaded jewelry in her living room as a dreamy young girl. Like the future of Harlem, however, her path hasn’t always been clear.

Thursday, April 28, 2016

Woman Rejected by Airline Decides to Start Her Own Airline -- And Does!

Sibongile Sambo, founder of SRS Aviation

When Sibongile Sambo, a 42-year old woman from South Africa, was told by South African Airways that she did not qualify for a flight attendant position because she did not meet their minimum height requirement, she decided to take matters into her own hands.

Wednesday, April 27, 2016

Black Techies Get $1.3 Million in Funding from "Shark Tank" for Their Fitness App

Ben Young and Gregory Coleman, founders of the Sworkit app

Two African American men in their 40's recently received the largest tech startup funding in the history of the ABC television show Shark Tank. They received $1.5 million in funding for their product, an interactive fitness app called Sworkit (which stands for "simply work it"), that provides customizable and personalized video workouts.

Tuesday, April 26, 2016

Genius Black Entrepreneur Launches Her Own Version of Uber For Kids

Aireal Taylor, founder of Kidz Cab in Detroit

Entrepreneur Aireal Taylor came up with a genius idea when she launched Kidz Cab a Detroit, Michigan-based company that offers a safe and reliable transportation service for local children ages 4-16, back and forth to school and to and from various after school activities. According to her web site, the service "not only gives parents one less thing to worry about, but essentially adds just a little more time in the day."

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