The Southern Black Girls and Women’s Consortium aims to raise $100 million in the next 10 years. By Tonya Pendleton LaTosha Brown and Margo Miller (Provided to the Grio) You already know about LaTosha Brown’s work as the co-founder of Black Voters Matter, the Black Voters Matter Fund and Black Voters Matter Capacity […]
Business
THE NEW MARKET TAX CREDIT: AN EFFECTIVE SOURCE OF EQUITY FOR BLACK BUSINESS
by Brown Hatchett & Williams LLP Part One: The How, What and Where of the New Market Tax Credit Program Equity capital can transform a business or provide the financial support needed to develop a real estate project. Low-cost equity capital is hard to come by, which is why the New Markets Tax […]
FOR THE CULTURE! Swizz Beatz & Timbaland Sell VERZUZ To Triller! Now, All The Artists Who Participated Are Stakeholders In The Video App
Photo: Timbaland’s IG by _YBF Congrats! Swizz Beatz and Timbaland are not only making moves for themselves, but for the culture as well! Deets on the superproducers selling VERZUZ to video app Triller and what them means for their pockets, as well as the pockets of the artists who have already participated inside…. History […]
US Bank commits $25M microbusiness fund for women of color business owners
By Press Release U.S. Bank chief diversity officer, Greg Cunningham (Photo provided) U.S. Bank announced details of its U.S. Bank Access Commitment, a long-term approach bringing the strengths of U.S. Bancorp Community Development Corporation (USBCDC), corporate social responsibility and its business lines, to help build wealth while redefining how the bank serves diverse […]
‘We Can Really Take Over This Space’: Independent Black-Owned Comic Book Publisher Raises Over $1 Million In Effort to Wrangle Market Share from Large Publishing Houses
By Matt Bruce (Photo: Twitter/Manuel Godoy) Manuel Godoy doesn’t like how Black creators in the comic book landscape are treated by the publishing power brokers. He feels they are snubbed, overlooked. And when large publishing companies do take notice of successful Black comics, they do so only to acquire them and […]
‘You Don’t See Them On The News:’ How Two Sisters-In-Law Launched A Nonprofit To Help Find Missing Black People
News coverage for missing persons is even more scarce in the coronavirus pandemic, according to the co-founders of the Black and Missing Foundation. BY STEPHANIE GOMULKA Natalie Wilson and Derrica Wilson Photo: Black and Missing Foundation, Inc. Tamika Huston, a 24-year-old Black woman, was reported missing in May 2004 in Spartanburg, South […]
Rihanna’s Savage X Fenty Lingerie Line Worth More Than $1 Billion
By Char Patterson Photo by Charisse Kenion on Unsplash Rihanna’s Savage X Fenty Lingerie Line Worth More Than $1 Billion Rihanna might have stepped away from music for a few years, but her businesses are certainly paying off. According to Forbes, her popular lingerie line, Savage X Fenty, is now worth $1 billion. […]
Serena Williams Furthers Efforts To Support Black Entrepreneurs
The Small Business Relief Fund was created to support small businesses significantly impacted by the public health crisis. Written By NewsOne Staff Image: NewsOne Tennis powerhouse Serena Williams is furthering her efforts to support Black entrepreneurs. In honor of Black History Month, a portion of proceeds from her jewelry company will be donated to a […]
Black Owned Company Distributes Air Purifiers that Destroys Airborne Coronavirus & Influenza
New Orleans, LA: Eagle Eye Resources (EER) is a black-owned construction company that is working diligently to restore our economy and instill a sense of normalcy in the United States. With the deployment of an air purification technology called photocatalytic oxidation (PCO), the owner, of EER, Gerald Baptiste is doing […]
Founder of Black Lives Matter Real Estate Forum, LLC Launches $25M Investment Fund
Thomas Lopez-Pierre, President and CEO of the Black Lives Matter Real Estate Forum, LLC, has launched a social impact private equity real estate fund called BLMREF Fund I, LLC and has already begun raising funds from accredited investors with an initial targeted goal of $25 million.”I have been a securities lawyer […]