Black Business Survival Further Threatened by Ravages of COVID-19
Wate: "A study by the University of California Santa Cruz, found in April, 40 percent of black-owned businesses had to close, compared to 17 percent of white-owned businesses."…
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COVID-19: Harlem Small Businesses Struggle, as Black Communities Suffer
Reuters: "Though Black Americans make up 22% of New York City residents, they account for only 2.1% of business owners." Photo: Twitter Harlem's Sylvia's Restaurant, run by Tren'ness…
Black Hair Company “Kinkistry” is Breaking Stereotypes in Beauty Industry
Angela Fité is Founder and CEO and created Kinkistry to provide alternative hair styling options for women of color who have embarked upon their natural hair journey. Photo:…
Beyoncé and NAACP Partnering to Help Black Businesses
Daily Mail: "The fund - providing grants in the amount of $10,000 - 'will be offered to Black-owned small businesses in select cities to help sustain businesses during…
CEO: Wall Street Discounted Me Because of My Black Skin
Brown: "I founded Brown Capital Management in Baltimore, which now employs predominantly African-American professionals...no amount of wealth, education or prestige has distracted me from the discrimination, prejudice and…
Congress Pressured to Fund Black Businesses Struggling from COVID-19
Politico: "One widely cited economic analysis showed that Black-owned businesses were slammed the most by Covid-19, with the number of owners plunging by 41 percent from February to…
Blackout Day Protests Encourages Economic Support for Black Businesses
USA Today: "Tuesday, July 7, has been designated Blackout Day, a call to action and “day of solidarity in America where not one Black person in America spends…
Black Businesses See Sales Surge Amid Racism Reckoning
According to Google, searches for “Black-owned businesses near me” reached an all-time high last month in the U.S. Photo: YouTube Black businesses are seeing a business boost as…
ESSENCE Magazine: We Are Talking Steps to Address Workplace Allegations
ESSENCE: "ESSENCE is in the process of hiring law firms and other independent external experts to assess and review the company’s policies and practices and conduct comprehensive employee…
MBDA Awards $10M in Grants to Support Minority-Owned Businesses
The U.S. Department of Commerce, Minority Business Development Agency (MBDA) announced the deployment of $10 million in CARES Act funding to the network of MBDA Business Centers and…