New Effort Aims to Cut Large Funding Gap Between Underserved Entrepreneurs & Peers

Consider that Black entrepreneurs on average have $35,000 of capital to start a business. In comparison, white entrepreneurs have more than $100,000 of capital to do the same. Those were among new thought-provoking statistics mentioned last week by Donald R. Cravins Jr., the first Under Secretary of Commerce for Minority Business Development. He leads the Minority […]

Continue Reading
National Black Bank

Charlie Ebersol to Host Tomoroworld Theme Park to Support the National Black Bank Foundation

Television and film producer turned technology and sports entrepreneur, Charlie Ebersol, and activists Dr. Bernice A. King, Ashley D. Bell and Tishara Jones are set to create a one-day-only, custom theme park – TOMOROWORLD, in celebration of Ebersol’s 40th birthday, and to raise awareness and funds for the National Black Bank Foundation. The invite-only event will take place on January 7, 2023 at Barker Hanger […]

Continue Reading
Generational Wealth

Black Couple From Virginia Purchase Home with 90 Acres of Land to Build Generational Wealth for Their Kids

From the 1920s to today, the percentage of Black Americans and other minority landowners has dropped from 14% to less than 2% nationwide. Here’s how real estate expert Chris O’Neal and his wife, Sabrina, hope to change that. Ten years ago, less than 4 percent of minorities owned rural land, according to a report by […]

Continue Reading

Young Black Traders Who Made $5 Million in One Year to Donate $1 Million to Struggling Families

Meet 29-year-old Jehu Graham and 32-year-old Francis Kway, two young African American investors who are also the founders of Cheat Code Algo, powerful software that uses a series of indicators to predict stock market trends. During their first year in business, they generated $5 million in revenue, and now they are on a mission to give […]

Continue Reading

Ally Teams Up with Thurgood Marshall College Fund, Awarding Over $188,000 to Aspiring HBCU Entrepreneurs

Ally has teamed up with the Thurgood Marshall College Fund to award select HBCU students with funds and resources to pursue their entrepreneurial goals. As part of its Moguls in the Making competition, 60 HBCU students were placed in 15 teams of four and asked to develop a business plan that supports economic mobility in the city […]

Continue Reading

Veteran Entrepreneur Scholars Program Helping Veterans Start Their Own Businesses

A new program at William & Mary’s Raymond A Mason School of Business is taking a boot camp-style approach to help veterans become entrepreneurs. The Military Times reports the William and Mary Veterans Entrepreneurship Scholars Program was launched earlier this summer with a pilot enabled by an anonymous alumni gift. The program aims to teach veterans how […]

Continue Reading
Lori Lightfoot

Chicago Mayor Lori Lightfoot Discusses Initiative to Bring Investments to City’s Black Neighborhoods

In 2019, Chicago Mayor Lori Lightfoot announced the Invest South/West Initiative; a plan meant to spur development and investment in 10 neighborhoods on the Windy City’s South and West sides. This month, the mayor and her staff are celebrating the third anniversary of the initiative while at the same time acknowledging there’s a lot of work left to […]

Continue Reading
Derek Richardson

Veteran NBA Referee Derek Richardson Buys Private Elementary School

NBA veteran referee Derek Richardson is turning his attention toward another calling to enlighten underserved children. School named in honor of his mother: According to a press release, Richardson has purchased the K. Anthony School in Inglewood, CA. The school will be renamed in honor of his mother Dolores T. Richardson, who is described as the “most important teacher throughout his […]

Continue Reading
Salt Flats

How to Buy Black While Visiting Utah’s Salt Flats

The Bonneville Salt Flats are a vast and breathtaking landscape in northwestern Utah. The flats are a remnant of the Pleistocene epoch, and were formed when the nearby Lake Bonneville dried up. True to their name, the Bonneville Salt Flats are a natural formation made from salt pans, or areas of ground covered with salt and other minerals. Today, […]

Continue Reading
Fort Myers

Black Developers Approved to Restore Famous Black Historic Center in Fort Myers, Florida

McCollum Hall, a historical site and commercial center in Dunbar, was built in 1938 by Clifford McCollum. Within the vicinity of Fort Myers, Florida, this property has been regarded as an essential landmark for the Black community. For several decades, the place has been a centerpiece of commerce, music, and entertainment that attracted some big-name […]

Continue Reading