Since the 19th Century, African-American-owned banks have played a vital role in the economic development of our communities. Between 1888 and 1934, there were more than 130 U.S. banks owned by African-Americans, which is believed to have been the force behind the explosion of African-American businesses, which grew from 4,000 in 1867 to approximately 50,000 […]
Los Angeles (NBCNews)–Magic Johnson had some advice from up and coming business owners at a conference in Los Angeles designed to bring together investors and business owners from the inner city. NBC Los Angeles reports: “What you could do is rub elbows with them. Trade information. Tell them what you’re doing, what your business is, […]
As the black owner of a hair salon with such celebrity clientele as Angela Bassett, Paula Patton, Phylicia Rashad, Diana Ross and others, Daisy Curbeon managed a staff of six hair stylists for more than 10 years. A former runway model, she had worked her way up from sweeping beauty shop floors to styling for […]
In an effort to promote the financial enrichment of the black community, Empowerment Experiment founder Maggie Anderson hosted a packed event at Kandi Burruss’ TAGS Boutique in Atlanta. With the support of distinguished African American sponsors, the cognac tasting and networking event underscored the need for black consumers to support black products.
From BVonMoney.com: BP is getting criticism from civil rights leaders about African Americans being left out of the highly profitable oil clean up process. According to a recent investigation by the NAACP, minority contractors are not being given an opportunity to make money by cleaning up the spill that has destroyed the livelihoods of so […]
From CNN.com: Billionaire businessman Bob Johnson has chosen Liberia for his latest venture, the country’s first top class hotel.
