Business

When Black-owned hair care company Mielle Organics was

Don’t overlook community financial institutions, says Michael Pugh of Carver Federal Savings Bank. With interest rates at a 22-year high, Michael Pugh says Black business owners crunched for cash should look to community-based financial institutions for help. “Learn more about them; we have a very different scope [regarding loan arrangements],” Pugh, the CEO of

ORLANDO, Fla. — The African American Chamber of Commerce in Central Florida is working to break down barriers for Black business owners by creating partnerships with local banks.  What You Need To Know The African American Chamber of Commerce Central Florida is working to create a road map for black business owners to succeed The group […]

Dallas entrepreneur Mark Cuban is leaving ABC’s Shark Tank after the show’s 16th season as one of the biggest supporters of aspiring Black entrepreneurs. Cuban has

A recent report from the Department of Labor revealed that just 12% of the 23% of businesses registered to receive federal are owned by Black people. This disparity has been addressed by the Biden-Harris Administration, and they’ve vowed to help close the chasm with Empower to Grow (E2G), a newly revamped training program from the […]

OF NOTE Debra Hurston The Minnesota Department of Commerce announced it has issued a charter for Arise Community Credit Union, based in Minneapolis. It is the first new state-chartered credit union in 23 years and the state’s first Black-led credit union. Arise will be a not-for-profit cooperative owned by members, with membership open within Hennepin . . .

Earlier this month, a federal court delivered yet another blow to government efforts to close the racial equity gap and better serve Black and brown communities. The latest set back came by a ruling from Judge Mark Pittman that ordered the Minority Business Development Agency (MBDA) to no longer consider race or ethnicity when deploying its […]

America, we have a problem. As the Detroit Lions’ path to Super Bowl LVIII continues, the place dubbed the “Motor City” has seen an influx of fans trekking to the downtown area, patronizing local restaurants to cheer on their NFL team.  Per

Black-owned businesses have not had equal access to financial capital compared to their white counterparts in the US. According to the Minority Business Development Agency, racial discrimination and unfair lending practices are among the reasons for this disparity. This is why grants can be especially helpful to Black business owners.

AMHERST — Black-owned business owners and supporters made a final appeal to the Town Council this week for $1.5 million of the $3.8 million in remaining American Rescue Plan Act money, though it appears that money is being directed to other purposes. Town Manager Paul Bockelman said Tuesday that the plan being pursued, as presented […]