Tag archives: economic barriers

It’s True! More African Americans Are Investing in the Stock Market

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A recent national study by Chicago-based Ariel Investments shows that more black Americans are investing in the stock market. For years, blacks stayed away from stock investments, but that trend is beginning to change.

67% of Blacks are investing

According to the study, stock market investing has grown among the black population over the years. In 1998, 57 percent of blacks were investing in stocks or stock mutual funds. By 2010, that number had grown to 60 percent, and today 67 percent of blacks invest in stocks or stock mutual funds. One reason suggested is that more employers are offering 401K programs for their employees. Since employers match 401K deposits up to various amounts, black employees consider this a very important reason to invest and grow wealth.

Investment attitudes different based on race

Investment attitudes and behaviors differ between blacks and whites. Blacks and Hispanics invest less money, and their investments are in safer yet low-returning assets, making their wealth levels about 90 percent lower than the wealth levels of median whites, even when their level of income is only 40 percent lower. This has an effect on the growth of overall wealth.

But wait, there’s more!

In addition, while blacks always considered their homes to be their “best overall investment,” that, too, is changing, falling from 61 percent in 2004 to its current level of 37 percent. How they view stock investing, however, is changing in the opposite direction. In 2004, only 28 percent of blacks felt that stocks were their best overall investment. But in the recent survey, that number increased to 41 percent.

What all of this may point to is closing the gap in wealth inequality between black and white Americans as the upward trend for more black investors in the stock market continues.

Would you like to join an investment group? Click here.
For more details about the study, visit www.arielinvestments.com/content/view/3006/1850/

 

Posted on December 6, 2017 By Staff With 1 comment

Why You Should Forget About Old School Real Estate Investing

If you want to be one step in front of your competition, you need to know what the next big thing will be or at least figure out how you can use it to turn the tides to your advantage. That’s where Real Estate Crowdinvesting comes into play.

Real estate professionals know that investing in an excellent property can give a resounding return on investment in time. The only problem comes when you don’t have enough money to make such investments. Unfortunately, if such a thing happens, you will have to wait until you accumulate the finances needed for such an acquisition.

So, you either have to wait for a long time, or you just need to go to the bank and deal with loans, something that’s not exactly a good idea. Beginning investors had to do this all the time and, as you can imagine, things like this don’t go well all the time. But it’s still clear that you can gain some amazing results with the right approach. That’s why the next big thing in the Real Estate world is Crowdinvesting! The reason is rather simple, with help from other people that also want to invest money in large properties, you get to make a name for yourself, and the value can be incredibly rewarding.

Not only will you get to make a name for yourself in the longer term, but the value on its own is second to none, and you never have to worry about any potential investment problems. While regulations are in place, Real Estate Crowdinvesting can step away from the infancy stage, but the reality is that the future is bright for this particular industry. Not only does it allow more and more people to invest in real estate, but it significantly lowers the entry point, and that’s critical, to say the least. It is clearly showing value for people that entered this area in its early stages.
And it will get even better in the longer term.

Buy The Block is leveling this playing field. It’s safe to say that this industry is here to stay. As long as more and more people enter the Real Estate Crowdinvesting world, we will be able to see more and more residential and commercial projects acquired this way. Buy The Block will put the power back into your hands and it will pay off in the end, it can bring plenty of success to the people that need it. You should totally consider joining right now, because this is the future of real estate investments, and you certainly want to be a part of it!

Join The Movement!

Posted on March 15, 2017 By Staff With 0 comments

The World’s First African-American Rolls Royce Car Dealer

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Thomas Moorehead is not only the first African-American Rolls-Royce car dealer but the only Rolls Royce dealership in greater Washington, D.C. He is thriving in one of the wealthiest communities in the country, but he is also one of the most humble business owners you’ll ever meet who has never forgotten the people who helped him along the way.

Building a ‘Sterling’ reputation

Owning a Rolls-Royce dealership was not Moorehead’s original plan. With encouragement from his parents, he started out pursuing a Ph.D. degree in teaching. He was only a few credits away from his degree when a friend offered him an opportunity to learn the automobile business from the ground up. Moorehead was very interested because he always wanted to own his own business.

Taking the risk

It was a risk, one that many people would not have the courage to do. It took him two years to learn the business, and all of his savings, but eventually he became the owner of a Buick dealership in Omaha, Nebraska. He quickly made a reputation for himself as a good businessman who treated his customers well. It led to an invitation from Rolls-Royce to join an exclusive club of just 33 dealers around the world. He accepted, opening his new Rolls Royce Motor Cars of Sterling in Washington, D.C.

Moorehead, the man

Moorehead’s goal is to deliver the best product to his customers. No hard sell from this entrepreneur. In fact, most people think he is a salesman, not the owner because he refrains from having his name on the dealership logo. He has pictures in his office taken with Presidents Obama and Clinton, but what he is most proud of is the ability to pay forward to others who have helped him achieve success. As he states it, “This is really what it’s all about, bringing other people up and giving something back.”

Thomas Moorehead is not only a successful entrepreneur but an amazing man.
For more information about Moorehead’s dealership, visit www.rrmcsterling.com
For more details about his foundation, visit www.themooreheadfoundation.org

Source

Posted on June 9, 2016 By Staff With 2 comments

Haiti becomes part of the African Union

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Haitian Ambassador to South Africa, Jacques Junior Baril says Haiti finally being part of the African Union (AU) is a place that the country earned as they paved way to other African countries to be free today.

The Caribbean state of Haiti will officially become a member of the AU come the next AU Summit which will take place next month in Lilongwe, Malawi.

Former African Union chairman, Jean Ping said: “We have attachment and links to that country. The first black Republic…that carried high the flame of liberation an freedom for black people and has paid a heavy price for so doing.

In 2012, Haiti indicated its interest to move from its observer status to member status. It will be the first time any nation with no geographic connection to the continent of Africa to join the AU.

eventTAKE YOUR BUSINESS TO HAITI WITH THE FILM BLACK FRIDAY

Join an amazing tour and see what opportunities are available to you outside of the United States. BBE and The Film Black Friday Director Ric Mathis will help you discover the opportunities that are just waiting for you. The tour will start from July 28 to July 31, 2016. The team will be filming on Haiti and interviewing participants and choosing the ones…

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Take Your Business To Haiti with The Film Black Friday

Posted on May 10, 2016 By Staff With 10 comments

Take Your Business To Haiti with The Film Black Friday

Take Your Business To Haiti

Take Your Business To Haiti Reserve your space today! http://bit.ly/haititour2016

Take Your Business To Haiti with The Film Black Friday

Join an amazing tour and see what opportunities are available to you outside of the United States. BBE and The Film Black Friday Director Ric Mathis will help you discover the opportunities that are just waiting for you. The tour will start from July 28 to July 31, 2016. The team will be filming on Haiti and interviewing participants and choosing the ones that will be featured in the next film.

Black Friday is a documentary that takes a deeper look into the spending behaviors of African-Americans in the US. Every year, 1.2 trillion dollars leave African-American communities. According to Nielsen Company’s recent survey, African-American consumers shop more often and are more aggressive patrons of media. They shop more, watch more television, buy more ethnic grooming and beauty products and read more economic magazines than any other group.

Black Friday shows the incorrect financial education of African-Americans and the economic drawbacks that continue to prevent the community from progressing and growing. Black Friday aims to improve the financial responsibility and economic awareness of African-Americans and thus, presents solutions that will help better manage the money spent by the African-American communities. The film also emphasizes the importance of leaving an ethical and economic legacy for the next generations.

Reserve your space today! http://bit.ly/haititour2016

Ric will release the next Black Friday film on Black Friday in 2016. The tour will be a great chance for businesses to connect with African-American to bring their business to Haiti to grab the opportunities that await them.

The tour will also benefit the Centre orphelinat du bon berger de l’Archaie, an orphanage  established by Pastor Valembrun Estinfil in 2008. The extreme level of poverty faced by many Haitians prevents parents from taking care of their children. To help them meet their needs and live a better life, we are accepting donations for African centered books, school supplies, clothes, sneakers cleats and other items that will make life easier and more comfortable for the children. Your donation will be given to children aged 12 months to 13 years old. We are accepting new or gently used items.

Please call 9134BUYBLK 913-428.9255 to arrange your donation or if you have questions about this trip.

Haiti’s Growing Economy

The devastating earthquake in 2010 dealt a great deal of damage to Port-au-Prince, Haiti’s capital. It also resulted in significant financial losses almost equal to the nation’s GDP. The international community has pledged around US$10 billion to support the country’s reconstruction projects. Haiti’s economy is progressively improving. There are also a lot of great opportunities that provide SMEs with their much needed strategic support, financial expertise and funds.

Haiti’s economy is growing. The country has a free-market economy that boasts a pro-business government, capital demands and low-cost labor that will only continue to improve in the future. Moreover, the Haitian government has joined forces with the international community to create more job opportunities for the young workplace by making it easier for foreign groups to invest in the country.

The proximity of the country to the United States, which is also its main trading partner, the massive support from the global community and the low-cost yet eager and motivated workforce are other factors that will contribute to Haiti’s growth. For businesses that are planning to invest in Haiti, here are the main strategic advantages of the country.

  • Pro-business government – The first on the list would be the pro-business government. Haiti’s president, Michel Martelly, has promised to create more than 500,000 jobs in the next 3 years. The Haitian government also has started to streamline steps on starting a business and loosen restrictions on foreign land ownership.
  • Strategic Location – Haiti’s strategic location is another factor that will attract businesses. The country is located between the largest economy in the world (USA) and developing economies in South America (Columbia and Brazil). The economic development throughout the region would benefit Haiti. The country is also located in the Caribbean, which provides Haiti with great maritime trade access.
  • Favorable Economic Signals – Haiti’s 8 percent GDP growth in 2012, economic incentive from billions in foreign support and free-market economy make up for favorable economic signals.
  • Growing Trade Integration – Haiti has been a member of WTO since 1996. It is also near large economies, which guarantees low costs for transporting products to international markets. The implementation of Special Economic Zones also provides exemptions on taxes and tariffs.
  • Unexploited Resource Potential – The country has abundant, unexploited mineral deposits of copper, calcium carbonate, bauxite and gold as well as a young, low-cost workforce.
  • Expedient Labor Conditions – Haiti has plenty of trainable and motivated workers.
  • Geography – The country has natural sea ports at Jacmel, Port-au-Prince, Cap-Haitien and Gonaives as well as 1,700km of coastline and topnotch unspoiled beaches.
  • Massive International Support – Over US$10 billion of foreign support has been given for reconstruction projects. More than 3000 non-government organizations are also working in the country to provide the necessary support services. The Inter-American Development Bank offered more than US$2.2 billion for development and recovery projects. United States HOPE and HELP Acts will also help in rebuilding the country’s garment industry.

If you’re thinking of doing business in Haiti, now is your best chance. Join the tour and learn how you can maximize the business opportunities in the country. You should arrive in Ft. Lauderdale, Florida on the 28th of July 2016, at least three to four hours in advance. Bring your passport and another identification form. We have to check in two hours in advance and clear all customs properly.

Reserve your space today! http://bit.ly/haititour2016

Posted on May 4, 2016 By Staff With 0 comments

Black-Owned or Nah?: Why These Entrepreneurs Don’t Reveal Their Businesses are Black-Owned

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In growing a business, most entrepreneurs adopt key strategies that help them attract and maintain consumers. For Duane Draughon, owner and operator of VizX Design Studios, hiding the fact that his business is Black-owned is the key.

Draughon avoided putting pictures of himself and his family on the company website and introduced himself to potential clients as a project manager, NOT the owner. He even brought on a white insurance representative to carry out job interviews and put together a white sales team.

“I never said I wasn’t the owner,” he told theChicago Tribune. “If asked, I would admit it.”

Draughon is among some business owners who keep hidden the fact that their businesses are Black-owned, for fear of losing clientele. Preconceived notions that the product or service is solely geared toward Blacks — and racial intolerance on the part of potential customers — could drive business into the ground.

“As soon as you say it’s Black-owned, white people will believe it’s only for Black people, and Black people will look for something wrong with it,” said Chicago tech entrepreneur James Parker.

Parker had no intention of revealing himself as a Black business owner either, until now. He even went so far as to keep his picture out of promotions for his discount date site, BestDateNight.com. Some founders use similar tactics, lessening the number of Black images in advertisements or eliminating them altogether.

Alysia Sargent, CEO of Go Dutch Today, said she “doesn’t want her brand to be Black.” She wants African-Americans to utilize her services of course, but also wants to ensure that her marketing is “very broad and multicultural.” She and two other African-American women founded the dating website and app.

“It’s kind of unfortunate, but if we want to go further and appeal to venture capitalists and angel investors, we can’t just be Black,” she added.

But aside from the factor of race, what would draw consumers to invest in Black-owned businesses over white-owned businesses?

Luke Visconti is the founder and CEO of Diversity, Inc. Magazine and attempted to answer this question in his column titled “Ask the White Guy.” In the column, readers pose questions and Visconti answers from the perspective of a white business owner.

“With all things being equal, and with the above circumstances, there are several reasons for a white businessperson to decide to do business with a black-owned business over a white-owned business,” he wrote. “It’s called ‘supplier diversity.’ Supplier diversity is not charity. It is a process by which companies improve their business. Properly implemented, supplier diversity lowers costs and increases margin and/or revenue.”

So, telling the world your business is Black-owned might not be so bad after all.

Source:

Black-Owned or Nah?: Why These Entrepreneurs Don’t Reveal Their Businesses are Black-Owned

Posted on May 2, 2016 By Staff With 0 comments

6 Black-Owned Beverage Companies — Stirring Up Wines, Teas, and Energy Drinks

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African American entrepreneurs are widening out and starting companies in all kinds of industries. They are no longer just owners of barbershops, hair salons, and restaurants. Nowadays, they are investing in bigger more global ideas like tech companies, investing firms, and global food and drink distribution.

When it comes to beverages, the most popular brands are Coca-Cola, Pepsi, Snapple, and Lipton, but there are also some brands that were created by African American business owners.

Here are 6 Black-owned beverage companies that you can find online and in local grocery stores:

#1 – SoRen Tea: a luxury lifestyle brand with a gourmet selection of blended, loose teas. Established in 2011 by African American sisters Sonnia Shields and Rena Williams, SoRen Tea is one of the first fashion-forward lines of loose leaf teas. The brand has received a tremendous amount of local and national press. In its first year of business, SoRen Tea was invested in by Oscar nominated actress Taraji P. Henson.

#2 – Ellis Island Tea: an all-natural, antioxidant-rich hibiscus tea founded in 2008 by Nailah Ellis-Brown. She got the recipe from her late great grandfather, who told her, “This recipe is to be sold, not told. Ellis Island Tea is a smooth, flavorful Jamaican blend, steeped in family tradition, brewed and bottled in Detroit, Michigan.

#3 – Jin+Ja: a revitalizing, anti-inflammatory and metabolism boosting tea brand that was started in the summer of 2009 by entrepreneur Reuben Canada (pictured above). He initially made the drinks for himself and for friends, but then realized that he had something bigger on his hands. After doing a test at a local retailer, the product kept selling out every 3 days for first three months and the rest is history!

#4 – MoFaya Energy Drinks: As the first 100% black owned beverage company in South Africa, these energy drinks use high quality ingredients to create an energizing & stimulating effect, which enhances endurance and boosts performance. They also have a product formulated for extreme hydration that contains electrolytes, minerals, and carbohydrates to promote optimal fluid replacement.

#5 – Heritage Link Brands: a delicious wine brand founded by entrepreneur Selena Cuffe after she learned there that, out of South Africa’s $3-billion wine industry, less than two percent were owned by blacks despite them representing 80% of the country’s population. Recognizing an untapped opportunity to introduce a new era of producers to the American market, the idea for Heritage Link Brands was born. Today the company serves a customer base of over 4,000 outlets, including household names from Disney to Whole Foods, and their award-winning portfolio is represented in over 40 U.S. states, South Africa, Nigeria, and literally, worldwide, on three different airlines.

#6 – Bee D’Vine: a popular brand of honey wine that was created by entrepreneur Ayele Solomon after he realized that flowering trees in Ethiopia were an ideal source of nectar and pollen that bees use to make valuable honey. This set him on a quest to better understand the art and business of creating honey wine. He evaluated production in Ethiopia and South Africa, but settled on the world-class wine region of Sonoma – not far from where he grew up – using California honey for the first varietals.

http://blog.blackbusiness.org/2016/03/black-owned-beverage-companies-wines-teas-energy-drinks.html#.VxQ5edQrK2w

Posted on April 17, 2016 By Staff With 0 comments

How 1 man single-handedly opened the only grocery store in the 9th Ward

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Burnell Cotlon is talking intently to the soft-spoken woman on the other end of the line.

“Can you hear me, Grandma? What’chu want down there?” he asks. ” Some bread, some ham and cheese?”

The woman requests a jug of Hawaiian Punch.

“I’ll drop it off to you, okay?” he confirmed. “Yes, ma’am.”

It was a quick phone call for Cotlon, but a lifeline for the woman he calls Grandma and the thousands of other residents who live in New Orleans’ Lower 9th Ward.

More than 10 years after Hurricane Katrina slammed into New Orleans and all but destroyed the Lower Ninth, Cotlon has sunk every cent of his life savings into restoring the quiet neighborhood to the family-friendly community he remembers from his childhood.

Visit him here: 

Lower 9th Ward Market 

2036 Caffin Ave

New Orleans, LA
 (504) 319-8855

Facebook

 

Read more: http://www.nola.com/dining/index.ssf/2016/04/burnell_cotlon_9th_ward_grocer.html

Posted on April 9, 2016 By Staff With 1 comment

EVERYTHING YOU NEED TO KNOW ABOUT BLACK BUSINESSES

Image of happy young businessman looking at camera at workplace in office

Where are most Black businesses located?
Black-owned businesses accounted for about 28% percent of all businesses in Washington, DC, the highest ratio in the nation. Second, was the state of Georgia, where 20% of businesses were Black-owned, and the state of Maryland, with about 19%.

The state of New York, however, has the most Black-owned firms at 204,093 but this only accounts for 10.6% of the businesses in the state. Second is the state of Georgia, third is the state of Florida, and fourth is the state of Texas with the most Black-owned businesses but not necessarily the highest ratios.

What types of businesses do African Americans own?
Well, it varies, but most offer some type of service, opposed to selling products. For instance, nearly 38% of Black businesses are in health care and social assistance, repair and maintenance, and personal and laundry services. Other categories include advertising firms, auto dealerships, consulting services, restaurants, beauty-care (barbershops/beauty salons), and more.

How many people are employed by Black businesses?
Not very many. Of the 2.5 million Black businesses, only about 107,000 of them have actual employees. Such firms employ more than 920,000 people with a total annual payroll of $23.9 billion. The other 1.9 million businesses do not have paid employees.

Who are some of the top Black-owned businesses?
There are few Black-owned firm that generate billions of dollars in annual revenue, but many that generate millions. For instance, GlobalHue, an advertising agency in Detroit, Michigan, generated more than $480 million in revenue in 2015. RLJ McLarty Landers Automotive Group, a chain of car dealerships throughout the country, generated more than $540 million in 2015. And, World Wide Technology, a global technology consulting firm and the largest Black-owned business in the country, posted revenues of more than $2 billion.

Why are there so few Black businesses?
It’s true that the numbers should be higher. African Americans make up more than 13% of the U.S. population, but only own 7% of the businesses there. The answer to this question will vary depending on whom you ask, but most agree that racism, discrimination and predatory lending are all factors because many aspiring Black business owners have been unfairly turned down by bankswhen applying for small business loans.

Another factor is that there is a lack of economic and business resources in African American communities. This leads to a lack of education on how to properly start and manage a successful business.

Are there resources available to help?
Yes, there are many programs available to assist African Americans and other minorities. Banks like Wells Fargo and Bank of America have special lending programs that make sure that African American business owners are getting the loans they need. Many non-profit organizations give grants and free training via workshops to minorities. In addition, many Black business events (conferences, workshops, etc) offer unique opportunities for African American professionals to network with key decision makers and others who can be of assistance. Finally, there are many magazines that offer weekly or monthly news and advice for Black and minority business owners.

EVERYTHING YOU NEED TO KNOW ABOUT BLACK BUSINESSES

Posted on March 10, 2016 By Staff With 1 comment

Black business owners see progress, opportunities in industries while challenges still loom

DANNY TINDELL / DOTHAN EAGLE Dr. Russ Nichols, a dentist in Enterprise, works on patient Steve Hicks during a recent appointment at Nichols' office, Fresh Wave Dental Care, earlier this month.

DANNY TINDELL / DOTHAN EAGLE
Dr. Russ Nichols, a dentist in Enterprise, works on patient Steve Hicks during a recent appointment at Nichols’ office, Fresh Wave Dental Care, earlier this month.

Jerry Hollins said it wasn’t uncommon in the 1960s for his father, a sharecropper, to jump in the back of a pickup truck for work even though the seat in the cab of the truck, beside a white driver, was empty.

Such memories of life on a farm in rural Mississippi are what Hollins said fueled his decision to join the military as an aircraft mechanic after graduating high school in 1979. His drive to be self-employed and sustain residual income led him to the ownership of his own commercial trucking line, Inheritance Transportation in Dothan, after retiring from the Army.

Black business owners see progress, opportunities in industries while challenges still loom

Read more

 

Posted on March 9, 2016 By Ras Das

100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR

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100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR

Jermaine Dupri and Killer Mike kicked off Black History Month by joining Usher and the Influencer Coalition family at Atlanta’s only Black-owned financial institution, Citizens Trust Bank. We decided to create a list of 100 businesses you too can support all year round.

A statement from Usher,  “Empowerment starts with ownership. We’re here supporting Citizens Trust Bank as a Black bank, but it also stands for the support of all the Black businesses that they support. It’s all about supporting our own,” Usher explained.

Let us take it a few steps further, by supporting as many black businesses we can find all year round. Also, remember to join our #2millionjobs campaign by supporting local or online black businesses #eachandeveryfriday. 

Visit or  2millionjobs.com for more details. 

Here is your list of 100 Black-Owned Businesses to support – LET GO! 

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BLACK OWNED BUSINESSES RUN BY CHILDREN 

#1 – Lemonade from Bee Sweet Lemonade – Today, the award-winning BeeSweet Lemonade is buzzing off the shelves of Whole Foods Market, the world’s leader in natural and organic foods, and available at a growing number of restaurants, food trailers and natural food delivery companies.

#2 – Bow ties at Mo’s Bows – Mo’s Bows is a company I started in Memphis, TN in 2011 when I was just 9 years old. I couldn’t find fun and cool bow ties, so one day I decided to use my Granny’s scrap fabric to make and sell my own. I like to wear bow ties because they make me look good and feel good. Designing a colorful bow tie is just part of my vision to make the world a fun and happier place. -Moziah

#3-  Clothing and accessories at Maya’s Ideas – I’m a 15 year old philanthropist, environmental activist, entrepreneur, eco-designer, inspirational speaker, artist, animator, coder, (I make animated short films), illustrator, and writer. I am the CEO of Maya’s Ideas, a company I started in 2008 when I was just 8 years old. I create eco-friendly clothing and accessories. My designs are sold all over the world and I have customers in Denmark, Italy, Australia and more. I love to use my creativity to give back. 10-20% of my profits go to causes local and global charities and environmental organizations.

#4 – Cookies from Mr. Cory’s Cookies – Cory has always had a dream of making the world better for everyone he knows.  That passion, combined with a love of treats and an entrepreneurial spirit, led Mr. Cory to be the owner of Mr. Cory’s Cookies at just 9 years old.  His delectable cookies are all-natural and made from high-quality ingredients – not wacky ingredients with names that you can’t pronounce. In 2009, Mr. Cory told his mother he was tired of taking the bus to school and he wanted to buy his mom a car. He crafted the idea to sell hot cocoa to raise the funds. Mr. Cory put all his spare time into selling hot cocoa at the Roman Inn in Englewood, NJ, and later in front of his home.

#5 – Gourmet popcorn from E & C Popcorn Shop – E & C Popcorn, aka Ethan and Collier Popcorn Company, is an Atlanta based online retailer of homemade “gluten-free”gourmet specialty Caramel popcorn. As a way to reward their two young sons for having a productive day at school and to teach them about business and entrepreneurship, Monique and Ben Evans along with their sons, Ethan and Collier started E & C Popcorn Company, and this families love of popcorn was born

BLACK OWNED RESTAURANTS IN MIAMI- DADE COUNTY

# 6 – Bahamian Connection Restaurant  – Bahamian Connection Restaurant was established in 1978 by Arlington Ingraham better known as Big Links from Tarpun Bay Eluthera and Bain Town, and West Street Nassau Bahamas. Bahamian Connection Restaurant is a family owned business operated by Andy, Philip, Richard and “Mike” Ingraham of Fort Lauderdale Florida
4400 NW 2nd Ave., Miami, FL 33127
Contact: 305-576-6999

#7 – Jamrock Cuisine – Bridging Jamaican eats with Chinese delicacies, this former Jamaican grocery store dishes out the best of both Caribbean and Asian worlds. The bright and casual dining room with homey furnishings and framed island prints is as cozy as the menu is exotic. Jamaican patties with coco bread, curried goat and brown stew fish please islander palates, while Chinese Jamaican dishes include pork with ham choy and chicken dun goo with mushrooms. Patrons who want to treat Chinese Jamaican cuisine as more than just a spectator sport can purchase some of the imported staples and seasonings from the family-owned marketplace.
12618 SW 88th St., Miami, FL 33186
Contact: 305-598-7625

#8- Aunt I’s Jamaican Restaurant – Aunt I’s is not only the name of the restaurant but the nick name of a real person, Inez Grant. The vision was born out of a mother’s exceptional Jamaican country-style cooking ability, a love for people and a heart for service. Inez had a yearning to open a restaurant ever since she moved to Florida from Kingston, Jamaica.
19934 NW 2nd Ave., Miami, FL 33169
Contact: 305-654-9638

#9 – Sheri Restaurant – Sheri African Restaurant is a concept that transports Nigerian home cooking to America. Southern Nigerian cuisine is a combination of traditional foods (gluten, lactose and dessert free diet) and colonial foods (sweet and savory pastries) influences. At Sheri Restaurant they specialize in authentic traditional cuisine. Their food is handcrafted from scratch with fresh and natural ingredients; they do not use artificial ingredients, butter and sugar.

16595 NW 27th Ave., Opa Locka, FL 33054
Contact: 305-622-310

#10 – Chef Creole Seafood & Catering – At Chef Creole, their menu contains an enticing array of seafood, inspired by a mixture of Bahamian/Haitian flavors and has become the standard for fresh seafood the owner “Ken Sejour” has grabbed his native Haitian cuisine by the fishtail and created Haitian seafood for the masses

Caribbean
13105 W Dixie Hwy, North Miami, FL 33161
(305) 893-4246
 
NW 54th St., Miami, FL 33127
Contact: 305-754-2223
 
1392 NW 119th St, Miami, FL 33167
(305) 769-9440200

7957 N.E. 2nd Ave.
Phone: 305.754.2298

20356 NW 2nd Ave (441)
Phone: 305.651.4761

NAIL POLISH

#11 – Adore Her Nails – Former model turned nail lacquer enthusiast, Devorne Love, created this eye-catching and affordable line that also has a fun and flirty appeal.

#12 – Polish and Company – From cosmologist and nail expert, Theresa Williamson, this brand was created for the beauty bombshell with the aesthetics of a Southern belle.

#13 – Underground Nail Queenz (UGNQ) – Created by former army brat, Jacklyn Berry, this new, chic & revolutionary nail polish brand promises to add a shimmering iridescent shade with a special touch.

#14 – Ginger + Liz – Created by Ginger Johnson and Liz Pickett, this line is heavily influenced by arts, travel, entertainment and especially the Classic Chic, Modern Luxe, Bohemian Hipster, and Rock Glam fashion driven lifestyles.

#15 – Bernadette Thompson Nail Care and Color – Created by Bernadette Thompson, a trend-setting nail artist, this line give a seasonal presentation of slick, sophisticated, fun colors that literally put the latest fashion trends on women’s finger tips.

#16 – Lisi Cosmetics – Lisa Hill, a make-up, and nail artist, created this brand that boasts a nail lacquer line with a vast selection of glitter-crazy, and delectable glimmering colors.

BLACK OWNED NAIL SALONS & SPA’S 

#17 – Symmetry MedSpa – D’Livro L. Beauchamp, MD is a Board-Certified Physician of Urgent Care Medicine. Dr. Beauchamp earned a Doctor of Medicine from Howard University College of Medicine in Washington, DC. He performed General Surgery Residency Training at Howard University Hospital in Washington, DC. Dr. Beauchamp has a special interest in aesthetic medicine and anti-aging medicine

#18 – Gigi’s Mind Body & Soul – Gigi’s was founded by Germaine Abraham-Leveen in 2009. Gigi’s strive to bring you the best current treatment methods customized to your specific skin type For the past 4 years, Gigi’s personal mission has been to provide clients with the most professional and relaxing experience. The Day Spa services all your skin care needs from head-to-toe. Gigi’s believe in providing a “personal touch” to each client that give a sense of individuality in resolving their skin care concerns.

#19 – Delord Clinical Skincare – Since the start of her esthetician career, Traci Williams, Ph.D., Integrative Esthetician, Beverly Hills Facialist, has been on the cutting edge of esthetics, as she developed the Alternative Acne Therapy and Medical Esthetician training protocols in 1990. After studying Health Science at a local university she also received her holistic nutrition degree’s through Clayton College of Natural Health.

#20 – Lady Dee’s Day Spa  – We have a unique approach to skincare which delivers the best results in a very short period of time. During your initial visit to our studio, you will be seen by a para-medical esthetician who will provide an in-depth analysis of your skin, addressing your specific concerns. Your skincare program will have two distinct stages. The first is to achieve the desired results, and the second is to maintain those results. 

#21 – AM Salon & Spa – AM Salon and Spa is owned by Toney Canty and Ana Marquez, offering you a diverse group of experienced hair stylists and the ultimate in pampering and renewal. 

#22 – Le Skintique Day Spa and Beauty Salon – Full service salon and day spa for women and men.  Skin care,  body rituals, make-overs, waxing, complete ethnic natural and synthetic hair care, men’s grooming.  Call for an appointment now and receive a free skin analysis and complimentary samples of products. 

#23 – Sanctuary MedSpa – Sanctuary MedSpa services include SmartLipo, Botox and Fillers, Laser Hair Removal, Bio-Identical Hormones, Laser Skin Treatments, Microderm and Peels, Facials, and more. 

# 24 – JoJuDa’s Salon and Day Spa – We offer a wide selection of professional services including styling, cutting, color, weaves / extensions, braids, makeup application, brow shaping, nail care, facials, massage therapy and more. 

#25 – Nailphoria Day Spa – Manicures, Pedicures, Skin Care for Men and Women, Waxing, Eyelash Enhancements, Brow and Lash Tinting, Massage, Herbal Foot Soaks with Massage, Spa Parties, Mobile Services Available for your Special Events. 

# 26 – Violet J Spa & Wellness – Violet Johnson, PhD developed a spa menu to reflect her background as a nurse midwife and psychologist and her skill as an acclaimed esthetics professional. Violet is also a leading expert in the unique issues of multi-ethnic skins, including pigmentation problems, sensitivity and acne. 

#27 – Essenza Medi Spa – Dr. Edythe Woodruff Stewart is the Medical Director for Essenza Medi Spa.  Dr. Stewart attended medical school at the University Alabama-Birmingham.  Always one devoted to the health and well-being of all people, her most recent endeavor is to heal not just the body, but to raise the self-esteem of both men and women in the Central Valley.   She has a full staff of Registered Nurses, licensed Aestheticians, and certified Massage Therapists who are all qualified to help you look and feel your best. 

#28 – 2GORJIS Spa – Kim Evans is a licensed Aesthetician, Makeup Artist, Holistic Massage Therapist, Business Woman, Nutrition Educator, Consultant and owner of  2GORJIS Integrated Health & Wellness, a private facial practice for both women and men for a decade plus.

#29 – Francine’s Salon and Day Spa  – Francine Austin is the proud owner of Francine’s Salon and Day Spa, the first African American Salon & Day Spa in Hartford County, located in Bloomfield, Connecticut for over a decade. She is a 20 year plus veteran of the cosmetology industry were she utilizes her passion to inspire others to embrace their outward appearance, but more importantly their inner beauty.

# 30 – Beautiful Spirit Salon & Spa – Bernadette Johns is a licensed beautician and cosmetologist providing the best hair care using quality products.  Offering natural hair and weaves, braids, scalp treatments, manicures, pedicures, lash extensions and facials. 

#31- Edward’s Wellness & Skin Care  – Thelma Carole Edwards is a Licensed Aesthetician (Skin Care Therapist), Certified Massage Technician (CMT), Reflexologist, and a Nationally Certified Make-Up Artist. Come enjoy the art of wellness in Skin, Body, and Spirit.

#32 – Raquel’s Signature – Racquel has been in the Beauty Industry for more than 20 years. As Master Stylist and Image Consultant her expertise ranges from Cosmetic Hair Extensions, Precision Hair Cutting, Hair Care, Hair Coloring, Relaxers, Hair Texturizing, Alopecia Or Hair Loss reconstruction, Custom Wig Making, Lash Extensions, Makeup, Brow Shaping and more. 

#33 – Flawless Wax & Spa  – We provide the ultimate spa experience while being Downtown Orlando’s premier wax and skin spa. Specializing in waxing, eyelash extensions, semi permanent makeup, and skincare.

#34  – A Visible Difference Beauty Concepts – A Visible Difference is a source of refuge, a place where you can retreat then return to your normal routine anew. The menu of services is specially created with the wilted flower (a tired woman) in mind to help rejuvenate and restore you to a striking beautiful flower. Our technicians are highly trained individuals with over 30 years combined experience. The goal is to have you, the client, leave our establishment feeling refreshed, looking beautiful and anxiously waiting to return.

#35 – Iwi Fresh Garden Day Spa – iwi fresh Garden Day Spa is located in the Castleberry Hill art district in Downtown Atlanta, GA. We offer garden fresh skincare products, made by-hand, and provide one-of-a-kind spa and salon services Tuesday thru Sunday of every week.  

#36  – Too Groovy Salon & Spa – Founded in 2003 by healthy hair care innovator, Robin D. Groover, Too Groovy Salon has transformed the hair of thousands of women from coast to coast. Our Hair Care Specialists use award winning techniques in the arts, sciences and methodology of advanced hair care to achieve optimal results.  Too Groovy Salon has won numerous awards, to include the Bronner Brothers Icon Award and the Steve Harvey Neighborhood Award for best Hair Salon.  Come and experience for yourself why so many women travel for miles to indulge themselves in the most sought after chemical-free system for silky-smooth-straight styles, and textured styling for those seeking definition, elongation and curl manageability. 

#37 –  Nubiance Spa & Salon – Indeed, Master Hairstylist and Color Specialist Vicki Pouncie proudly possess a very creative, eclectic, and classy sense of style that emanates from her heart, mind and soul, which she takes great pride in displaying to her clients via her innovative hairstyling techniques and exceptional hair color application services. 

#38 SoKai Salon & Spa – Sokai Spa Salon is an upscale salon located in the heart of the East Atlanta Village. Forever finding new ways to pamper clients, Sokai Spa Salon offers a fun, relaxing atmosphere in which clients can feel comfortable and at ease.  

#39 – Suite 20 Salon & Day Spa – We have more than 20 years of industry experience, and our licensed dieticians and stylists take pride in providing personalized services to help you look and feel your best. Kristy Gaiters, our owner, strives to provide the community with affordable and healthy services. 

Con’t 175 + more nail salon & spas, click here100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR

BLACK -OWNED HOME DECOR AND FURNITURE

#40 – Harmony Designs Furniture & Interior – located 115 SOUTH 4TH AVE  MT. VERNON NY 10550; PH: 914-699-0809

#41 – Home Beautiful Decor – located Address: 502 W Kearney St #200, Mesquite, TX 75149; PH:(972) 288-0705

#42-  Ali Sandifer Studio – located in Detriot, MI. Design is our passion and craft is our medium. Ali Sandifer is a design studio and workshop with a particular fondness for furniture. Our work is born from a simple belief that design, material, and craft must work together to achieve intelligence, beauty, and longevity.

#43 – Lakay Designs –  located in Ohio. THE  PLACE FOR ALL YOUR AFRICAN INSPIRED HOME AND BUSINESS DECOR. Home is home, and all areas of the home must be ‘home’ to the occupants. But this can only be achieved when the ambiance of the home is fascinating. Nothing however can make any home attractive except the unique decor of the home.

#44- Uhuru Furniture & Collectibles – located 832 N Broad St, Philadelphia, PA 19130; PH:(215) 546-9616 Secondhand furniture & decor, with sales supporting the African People’s Education and Defense Fund.

BLACK OWNED BANKS

#45 – 65 – (21 Black-Owned Banks) – click here for an interactive map http://blackoutcoalition.org/black-u-s-banks/

RETAIL STORES OWNED BY BLACK MEN 

#66 – Kimchi Socks – Jason V. Holmes a native of New Orleans is stirring up competition in the very low-tech industry of socks. This brother is turning his passion into a great business model, as well as giving back to the community.

#67 – Talley & Twine -was founded on two principles: legacy and lifestyle. We want to set the standard for future generations, and we want to look good doing it. The number seven on the face of our watches represents completion while giving our timepieces a distinct look that sets us apart from other brands.

# 68 –  Mechael Grey  Footwear – Superior Design comes from a concept… A concept derived from experiences in the world around us, or the truly imaginative mind. Life, travels, studies, technique, and my passion for creation is the very DNA of MICHAEL GREY FOOTWEAR. A distinctive blend of Industrial design + architecture, combined with vintage looks of years before, form my unique line.

BLACK OWNED FOOD BRANDS IN YOUR LOCAL STORE 

#69 – Freedom Paper Company  – Freedom Paper Company LLC (FPC) is a privately owned distributor of bathroom tissue and other paper products headquartered in Baltimore Maryland. The company is unique from other corporations as it is born from the foundation of grassroots movement combined with the best of corporate culture and business acumen.

#70 –  Michele’s Food – Sunday mornings at the Hoskins home began with a gathering and a tradition of delicious homemade waffles, a variety of breakfast meats and a special concoction of honey, cream and butter that was made just for the occasion.  This secret syrup recipe was created by America Washington, a former slave, and the great, great, great grandmother of the only daughter in the household, Michele Hoskins.  America Washington created the recipe in the 1800s as an alternative to molasses for her plantation owner’s family.In the early 1980’s, this family delicacy was passed down to Michele from her mother and she continued the tradition by making it for her three (3) daughters and friends. “My mother inherited that secret recipe and when I married, it was given to me.”  The pancake syrup soon became the talk of the neighborhood. Its delicate honey taste and its rich, creamy consistency brought compliments from all that tasted it and ultimately requests for more!

#71 – 2TWater –  2T Waters, LLC – is committed to introducing premium beverages that are made with the finest quality of water. We are a health conscious company that mainly focuses on health beverages. We believe our water source is one of the purest natural springs known with no artificial mineral additives or demineralization.We specialize in presenting different beverages using our water source to provide our consumers with the healthiest beverages possible.

#72 – TGIN (Thank God I’m Natural) –  When Harvard graduate, Chris-Tia Donaldson  started her first law firm job, she wore a wig to disguise the fact that her hair was naturally kinky.

BLACK-OWNED HEALTH CONSCIOUS FOODS 

FOOD/DRINKS

#73 – Khepra’s Raw Food Juice Bar – Located at 402 H Street NE in Washington DC, this award-winning juice bar/ restaurant was founded by Khepra Anu, a raw foodist who has dedicated his life to sharing his knowledge of systematic fasting and detoxification.

#74 – Karyn’s – Located at 1901 N. Halsted in Chicago, IL, this Black-owned restaurant serves cooked, conscious vegan comfort foods such as pizza, burgers, fries, meatloaf, taco salad, eggplant, and more. They also have a well-complimented vegan brunch and serve raw dishes for lunch and dinner.

#75 – The Grain Cafe – Located at 4222 W Pico Blvd in Los Angeles, CA, this restaurant appeals to vegans and vegetarians as well as meat-eaters. They serve veggie wraps as well as deluxe burgers with red berry ice tea or mint lemonade. Even their coffee is natural and organic.

 #76 –  Tassili’s Raw Reality  –  Located at 1059 Ralph David Abernathy Blvd Atlanta, Georgia is a fast casual restaurant located in Atlanta, Georgia.  They specialize in raw vegan cuisines and provide a unique variety of raw vegan entrees like spicy kale salad, kale wraps, and more.

#78 –  Land of Kush – Located at 840 N. Eutaw Street, Baltimore, MD Voted 2015 Best Vegan Crab Cake by Baltimore’s City Paper!  They are the Ultimate Vegetarian Experience!  THE LAND of KUSH inspires you to feed your spirit.  They are Vegan Soul!  Celebrate a new way of life with healthier food.

HAIRCARE

#79 – CURLS: This Black-owned company is a nationally recognized leader in the natural hair care industry for their unique formulations of certified organic ingredients. Supported by Halle Berry, Alicia Keys, Nia Long, Tia Mowry, and more.

#80 – Curl Kitchen: This Chicago-based company sells natural/ organic-based hair care products tailored to those who wish to embrace their tresses in its naturally ethnic state. Their products are for women and men with waves, curls, kinks, coils, and/or locs.

#81 – Indigofera Beauty: This Black-owned Etsy store produces a variety of all-natural, chemical-free hair care supplies that are made from plant-based ingredients and infused with essential oils. They are known locally and nationally for selling the best products for natural hair, coils, kinks and locs.

SKINCARE

#82 – Beija-Flor Naturals: This Black-owned Etsy store produces organic skin care and natural hair products. The brand is inspired by the owner’s Brazilian background and uses the best ingredients from the Amazon rain forest to the Savannahs of East Africa.

#83 – Blac Minerals: This Black-owned company sells 100% non-toxic, high quality, high performance, hand-crafted mineral makeup formulated for women of all colors. Their natural makeup products are lightweight, and blendable, helping your skin to breathe.

BLACK-OWNED HANDBAGS 

#84 – Minku – Minku is considered the Hermes of Africa when it comes to handbags. They are all handmade and can take up to 50 hours to complete and are lined with repurposed items of Yoruba ceremonial dress. The Nigerian company was started by founder Kunmi in 2011 and is a family-run business.

#85 – ZAAF – ZAAF offers handcrafted luxury leather handbags made in Ethiopia. They are crafted with the finest materials and produced in a remote Ethiopian village. The company was founded by Abai Schulze, a remarkable CEO who is under the age of 30.

#86 – Gregory Sylvia  – This handbag designer was co-founded by Gregory and Terri “Sylvia” Pope. The husband-wife team started their company in Charlotte, North Carolina and are known for their luxury, elegant handbags crafted from fine leather.

#87 – Adela Dejack – These African-inspired designer handbags are made in Kenya. Their collection of handbags, jewelry, and other accessories are inspired by African shapes, textures, and techniques. Designer Adèle Dejak had plenty of design experience in England and Italy before moving her company to Nairobi, Kenya in 2005.

#88 – Christopher Augmon – Christopher Augmon high-end luxury designer handbags are made in New York and reflect the richness of various cultures. His distinctive handbags can be found in boutiques around the United States and online at augmon.com.These designer handbags are made by many of the designers for both women and men.

BLACK- OWNED SHOE DESIGNERS 

 #89 – Artyce Design –  The vision of Artyce Footwear (named after the designer’s mom) officially came to light in 2004. Candra Palmer (Designer, Owner) brought her dream to life by creating a comfortable and stunning custom footwear collection catering to brides and those attending special events.

#90 – Samantha Shoes – Every woman needs at least one great pair of shoes. Women that wear larger shoe sizes, desire current fashion trends and are frustrated by the lack of availability. Samanta Shoes is dedicated to solving this global problem.

#91 – Amina Abdul Jillil – Born and raised in Anchorage, Alaska Aminah began as a professional dancer in Los Angeles, performing with some of the biggest names in music including Britney Spears and Janet Jackson. She’s appeared in commercials for Pepsi, Mazda and New Balance and recently performed as lead character “Crimson” in Cirque du Soleil’s BELIEVE.

#92 – Jhung Yuro  – Launched in 2005 Jhung Yuro recognized a void in the men’s luxury lifestyle footwear market and filled it with a brand that offers detail, hand craftsmanship and limited availability for its products.

#93 – Fever Shoes and Swimwear – Natischa Harvey’s first foray into the shoe business came via Bakers.  While studying political science at Clark Atlanta University she moonlighted at the store, earning $6 an hour.  She treated it as a “paid internship” and by 2004 knew enough about the industry to open her own boutique

BLACK-OWNED FIRMS THAT HELP OTHER BLACK-OWNED BUSINESSES

#94 – The Front Page Firm  – This firm, launched by PR executive Tosha Whitten Griggs (best known for her work with BET), is a full-service publicity boutique specializing in executive and talent visibility; television and film campaigns; red carpet premieres; and special events. They are known for being the go-to publicists for mainstream/urban media cross-over campaigns. Their clients include Bounce TV, the Queen Latifah Show, the Oprah Winfrey Network, and Spelman College.

#95 – Foote Communications – This firm, launched by marketing and PR veteran Neil Foote (best known for his work with the Tom Joyner Morning Show), combines traditional public relations and content management and social media for entertainers, entrepreneurs, corporations and educational institutions. His services include public relations, graphics & design, social media strategies, web site management, and more. Their clients include the Tom Joyner Morning Show, the African American Museum of Dallas, Rickey Smiley, and J. Anthony Brown.

#96 – BlackPR.com – This company, launched by marketing guru Dante Lee, offers an extensive press release distribution service to all the African American newspapers, magazines, TV and radio stations. For just $150, they can help you get your story in some of the country’s top Black publications, and they can even help you get radio and TV interviews. Their clients include the NAACP, the Tom Joyner Foundation, Tavis Smiley, Iyanla Vanzant, TV One, and BET.

#97 – HBCU Connect – Looking to hire African American college students and graduate? This company, launched by social media pioneer Will Moss, can help you do that for as little as $249. Their online career center offers various options including posting simple job listings to options for banner ad packages and employer showcase listings. Their clients include Microsoft, FedEx, United Negro College Fund, Merck, and many Historically Black Universities and Colleges (HBCUs).

#98 – PR, Etcetera – This company, launched by African American PR veteran Toni Beckham, offers several professional marketing communication services including branding, crisis communications, public relations, media training, and even technical writing/proofing. Their clients include the Bay Area Black Expo, Rainbow/PUSH Silicon Valley Project, the City of Oakland, and the National Coalition of 100 Black Women.

#99 – TaylorMade Media – This company, launched by PR expert, media coach, and best-selling author Karen Taylor Bass, creates strategic public relations, branding, and marketing campaigns for corporations, luxury brands, celebrities, athletes, and entrepreneurs. Karen has been featured on Dr. Oz, CNN, BET, NBC Today, Fox-TV, and in Essence Magazine.

#100 – BBNomics Crowdfunding Site –  Building a Platform to aid Black people in pooling their resource and gain financial independence. BBNomics is all about group reliance, real money wisdom, for our people who want to beat the odds, prove everyone wrong and become a beacon of light in the world by living life with a purpose.

The aim is making an impact by providing a platform for everyone to actively engage in fundamental principles of group economics, group-love, financial literacy, entrepreneurship, and philanthropy. It’s for our people who are serious about taking their lives — and their POWER — to the next level!

By Lynn (@lynnbbnomics) 

100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR

To be added to this list and others,  click here [ ].

 

Posted on March 9, 2016 By Staff

Most Black-Owned Businesses Fall Into One of These 9 Categories

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Between 2002 and 2015, black-owned businesses in the U.S. increased 60.5 percent, totaling 2.5 million firms, according to BlackDemographics.com. Almost half of them, or 4 out 10, operate in healthcare and social assistance, and in other services.

Top industries for black-owned businesses

Out of all the 2.5 million businesses owned by blacks in 2015, here is the breakout by industry:

  1. Health care and social assistance – 365,140/ 20 percent
  2. Other services, including repair, maintenance, personal and laundry services sectors – 358,443/ 20 percent
  3. Administrative Support, waste management, and remediation services – totaled 216,763/ 11 percent
  4. Transportation and warehousing – totaled 168,386/ 9 percent
  5. Professional, scientific, technical – totaled 163,761/ 9 percent
  6. Retail – totaled 148,181/ 7.8 percent
  7. Construction – a total of 125,818/ 6.6 percent
  8. Real estate, rental, leasing – totaled 92,655/ 4.8 percent
  9. Arts, entertainment, recreation – a total of 86,357/ 4.5 percent

The remaining 10 percent are in education services, finance, insurance, food service, information, wholesale trade, manufacturing, agriculture, utilities, other industries, and management of other companies.

To read more, visit www.blackdemographics.com/economics/black-owned-businesses/

Posted on March 8, 2016 By Staff With 0 comments

FIRST EVER BLACK-OWNED BANK — THE FOUNDER WAS ONCE A SLAVE!

Rev. William Washington Browne, founder of first black-owned bank

Rev. William Washington Browne, founder of first black-owned bank

FIRST EVER BLACK-OWNED BANK — THE FOUNDER WAS ONCE A SLAVE!

From slave to bank owner

Reverend William Washington Browne established the bank to serve the financial interests of black depositors. He wanted a bank that would serve to protect the finances of black clients to ensure their finances could not be monitored by whites.

The name of the bank came from the Grand Fountain United Order of True Reformers, a black fraternal organization established by Browne in 1849. Racial tension remained high after the Civil War, so Browne established the first black-owned bank in Richmond, Virginia, which initially operated out of his home. Two years later, the bank moved to its location several blocks away at 604-608 North Second Street.

Thrived despite the economic depression

The bank did very well. When the U.S. economic depression of 1893 hit and people were panicking and rushing to the banks to withdraw their money, Browne’s bank was one of the few that survived. In fact, it was the only bank in Richmond that was able to pay out the full value of it’s customers’ accounts and remain in full operation.

After Browne’s death in 1897, the bank continued in operation. It also expanded into other areas, such as newspaper, real estate, a retirement home and a building and loan association. It’s growth included operations in 24 states.

The downfall

However, under the new president, Reverend William Lee Taylor, the bank was mismanaged, often making unsecured loans which defaulted. The straw that broke the camel’s back was a bank embezzlement of $50,000 by the bank’s cashier. By 1910, the State Corporation Commission ordered the bank closed. But, it remains in history as the first bank owned by African Americans in the United States.

FIRST EVER BLACK-OWNED BANK — THE FOUNDER WAS ONCE A SLAVE!

Source: 
Read more by visiting www.blackpast.org/aah/true-reformers-bank-1888-1910

 

Posted on February 16, 2016 By Staff With 1 comment

7 Black-Owned Magazines That Are Still Available in Print

black_magazines_still_in_print

Magazine publishing in general is struggling, but black magazines in particular are having a tough time surviving. Publishers are constantly challenged to change in many ways that include content relevance and technology, and many black magazines have done an excellent job doing both.

Successful black magazines such as Ebony, Jet, EssenceBlack Enterprise, and Rolling Out have survived due to their resilience. But these 7 black magazines in particular have also survived and are still publishing content, not just online, but also still in print:
#1 – The Network JournalThe Network Journal, headquartered in New York City, is both an online and quarterly print magazine that publishes information for black professionals and business owners. The magazine was founded in 1993.

#2 – Heart & Soul Magazine – Headquartered in Bowie, Maryland, this magazine was founded in 1993. It publishes information that promotes physical, spiritual and mental well-being specifically for women of color and their families.

#3 – HBCU Connect Magazine – This Ohio-based magazine was founded in 1999 and is the first magazine targeting Historically Black Colleges and Universities (HBCU) audiences. It provides a social network for HBCU graduates as well as information on professional and educational opportunities.

#4 – Atlanta TribuneAtlanta Tribune has been around since 1987 and is considered Atlanta’s No. 1 business lifestyle publication. The magazine features the latest information on technology, wealth building, careers, and other business-related information for executives, professionals and entrepreneurs.

#5 – Black Business NewsBlack Business News is published by the Black Business Association (BBA), a non-profit organization headquartered in Los Angeles, California. The magazine strongly supports black business by publishing information of interest to black business owners, corporate buyers, contractors, community organizations and elected officials across the nation.

#6 – Savoy Magazine Savoy Magazine is a culterally-focused magazine that appeals to progressive, modern and sophisticated African-American consumers. Content includes news, entertainment, business, culture, sports, arts, and education for the African-American community.

#7 – Cuisine Noir Magazine – Founded in 2007, Cuisine Noir is the first food and wine lifestyle magazine for African-Americans. The magazine features the talents of African-American culinary and wine professionals across the country.

CORRECTION #8 – Upscale Magazine – This magazine, produced by Atlanta’s very own Bronner Brothers, is the ultimate lifestyle magazine addressing the needs of stylish, informed and progressive African- Americans. It has been brought to our attention, that they too are still in print, and going strong!

Source: 7 Black-Owned Magazines That Are Still Available in Print

 

Posted on February 10, 2016 By Staff With 1 comment

Muskogee, Oklahoma Black Business District You May Not Know Anything About

Bird's-eye_View_of_Business_Section,_Muskogee,_OK

Muskogee, Oklahoma Black Business District You May Not Know Anything About

Even before the city of Muskogee came into existence, the Three Forks region was rich with cultural diversity. A large African American presence has existed in the region since it became a part of the U.S. following the Louisiana Purchase.

Both free and enslaved blacks were a part of the Indian removals that brought members of the Creek and Cherokee tribes to the Indian Territory. Interviews of Cherokee and Creek freedmen indicate that those held as slaves had a surprising amount of latitude. They worked almost as tenant farmers, choosing their own home sites, earning money from skilled labor, even owning guns for hunting.

Following the Civil War, many of the now freed tribal members returned to their former homes in the bottom lands of the Three Rivers. They rebuilt their homes on land they could now claim as their own. They also built institutions such as schools, churches and farming cooperatives, like cotton gins.

The antebellum years also brought an influx of “state blacks,” those former slaves of the South seeking a better life in the Indian nations. At first, there was some mistrust between the tribal freedmen and state blacks, but over time the two groups melded together.

When the mostly black and Indian community of Creek Agency became the new railroad town of Muskogee in 1872, the population continued to be dominated by freedmen. In Muskogee’s first municipal election, there were more black voters than white.

This gradually changed when the federal court was placed in Muskogee and an influx of attorneys came to town. The Dawes Commission also brought a battalion of government workers and shifted the demographics of the city.

Still, Muskogee’s black community was vibrant and successful. Despite the injustices of segregation, which became the law at statehood in 1907, freedmen descendants built businesses, pursued quality education in their schools, established churches and organized civic clubs.

Though some black residents worked as general laborers, porters and domestics, just as many occupied skilled trades as plumbers, bricklayers, machinists, butchers, tailors and carpenters. They owned small businesses such as grocery stores, millineries, livery stables, and blacksmith shops.

There were a number of African American members of the professions as well, working as lawyers, teachers, physicians, surgeons, dentists and pharmacists. Black entrepreneurs opened funeral homes, clothing emporiums, restaurants, hotels, newspaper offices and photography studios.

The black business district clustered along Second Street and Market Street and served the black neighborhoods that bordered these corridors.

Smaller businesses could also be found within those neighborhoods where elementary schools named Langston, Dunbar, Douglass and Wheatley were built.

A Negro Business Directory published in 1942 proudly proclaimed that Muskogee and neighboring Taft had a black population of 15,000. Driven by a well-organized black businessmen’s club, the directory stated that “Muskogee Negroes enjoy a (prestige) unequaled anywhere else in America.”

Quoting a long-time Muskogee resident, the publication proclaimed, “There’s more Negro lawyers, doctors, realtors, etc., to the square foot than there is anywhere else in the world.”

The success and vibrancy of this part of Muskogee’s past should be celebrated as testimony to what a community can accomplish when it strives for the best.

Muskogee, Oklahoma Black Business District You May Not Know Anything About

Sources:

PDF file 

Source

 

Posted on February 8, 2016 By Staff With 1 comment

These young Africans are about to disrupt the way you ship from overseas to Africa

shypmate-team

Introducing Shypmate

Shypmate is a peer-to-peer delivery service that allows individuals buy products online and get it delivered through home-bound travelers, especially in Nigeria and Ghana. Shypmate’s end goal is affordable and fast international delivery.

In an exclusive interview with two members of the team (Chisom Ebinama and Perry Ogwuche) , Co-founder, Perry remarked:

shypmate-co-founder-perry-ogwuche

“We traveled to the US for college and have been there ever since. We saw the problem of trying to send stuff back home, because it was expensive to ship these items”.

The founders, — Chisom Ebinama, Kwadwo Nyarko, Perry Ogwuche and Tochukwu Okoro — who have a uniquely mix-and-match Nationality (3 from Nigeria and 1 from Ghana) and area of expertise (3 with background in Engineering and 1 in the field of Business) are based in San Mateo, California USA where they all met. In Shypmate, the founders found a struggle they all could relate with and decided to use technology to solve it.

shypmate-team

Prior to the emerging company’s official launch today 21st January, 2016, Shypmate has validated its effort with a over 100 successful transactions in Nigeria and Ghana within just 2 months of its user acceptance test.

See How Shypmate Works:

There are basically 3 steps to getting started with Shypmate and also 3 people smiling at the end of the transactions.

Website: http://www.shypmate.com/

Instagram: https://www.instagram.com/shypmate/

Twitter: https://twitter.com/Shypmate

Facebook: https://www.facebook.com/shypmate/?ref=bookmarks

Source: https://techpoint.ng/2016/01/21/shypmate-feature/

Posted on January 22, 2016 By Staff With 2 comments

Oldest Black Owned Travel Agency in the United States

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The honor of being the oldest, continuously operating, African American owned travel agency goes to Rodgers Travel Bureau, located in Philadelphia, Pennsylvania.

Rodgers Travel Bureau opened their doors in 1949. The company was started by Harold Rodgers, an African American medical student who was working as a porter for TWA at Philadelphia International Airport to help pay for medical school. He knew the business well, and when he opened his agency, he was the only black-owned travel agency in the U.S.

Business booming

Business was booming, largely due to Rodgers’ loyal black customer base. Rodgers provided a valuable service for black customers at a time when the “whites only” segregation rules made it difficult to impossible for blacks to travel. Even after desegregation, his customers remained loyal. By the late 1960’s, the company was able to open a Rodgers Travel location in Washington, D.C. that targeted affluent African Americans and was a great location to black organizations who had headquarters in D.C.

Changes — all good

In 1954, William Griffin purchased the business from Harold Rodgers and soon added partner Fred Russell to manage the business. By the 1970’s, Russell’s daughters Norma Pratt and Joanne Ussery joined the management team. When their father passed away in 1980, his two daughters took over. It was now company president Norma Pratt who took the lead to secure the company for further growth. She took advantage of SBA’s 8(a) business development program to enter into the federal government marketplace. In 1991, she bid on and received Rodgers’ first federal government contract – a $10 million per year contract servicing Scott AFB.

The company is pleased that they have not only secured a place in history but also secured the future of the company.

For more details about Rodgers Travel Bureau, visit www.rodgerstravel.com

Oldest Black Owned Travel Agency in the United States

 

Source: Blog.BlackBusiness.org

Posted on January 19, 2016 By Staff With 0 comments

Black Families in These 10 Cities Are Doing the Best Economically — But They Aren’t Exactly Rich

Black Families in These 10 Cities Are Doing the Best Economically — But They Aren’t Exactly Rich

black_family_toasting

The Atlanta Journal-Constitution recently published a survey of the top 10 U.S. cities in which African Americans are doing the best economically. The ratings were based on median household income, home ownership rate, and the percent of those self-employed.

Here are the top 10:

  1. Atlanta, GA – Median household income: $41,047. Home ownership rate: 51.5 percent. Self-employed: 17.1 percent.
  2. Raleigh, NC – Median household income: $42,285. Home ownership rate: 46.7 percent. Self-employed: 12.8 percent.
  3. Washington, DC – Median household income: $64,896. Home ownership rate: 49.2 percent. Self-employed: 15.1 percent.
  4. Charlotte, NC – Median household income: $36,522. Home ownership rate: 43.9 percent. Self-employed: 13.6 percent.
  5. Baltimore, MD – Median household income: $47,898. Home ownership rate: 46.2 percent. Self-employed: 15 percent.
  6. Virginia Beach-Norfolk, VA – Median household income: $40,677. Home ownership rate: 43.8 percent. Self-employed: 13.2 percent.
  7. Orlando, FL – Median household income: $33,982. Home ownership rate: 43.8% percent. Self-employed: 11 percent.
  8. Miami, FL – Median household income: $36,749. Home ownership rate: 44.9 percent. Self-employed: 11.2 percent.
  9. Richmond, VA – Median household income: $38,899. Home ownership rate: 47.8 percent. Self-employed: 12.7 percent.
  10. San Antonio, TX – Median household income: $41,681. Home ownership rate: 40.8 percent. Self-employed: 9.3 percent.

Source: Blog.Blackbusiness.org

Read more at www.ajc.com/gallery/news/10-cities-where-african-americans-are-doing-best-e/gCQpt/

Posted on December 18, 2015 By Staff

WATCH: BLACK PEOPLE WILL NOT CHANGE THEIR BLACK FRIDAY HABITS

OHIO RISE UP

OHIO RISE UP

 

Ohio Premier of Film About Black Wealth, Black Friday, on Black Friday in Columbus

Columbus, OH – Community leaders and activists with the Blackout Coalition are hosting a screening of the new film Black Friday at the King Arts Complex, 867 Mt. Vernon Avenue, Columbus, Ohio. Taking a stand against the American tradition of spending billions outside of the community on the day after Thanksgiving, the film event takes place on November 27, 2015 at 4:00 PM and will offer the opportunity to shop with black owned businesses instead.

Atlanta-based filmmakers, Ric Mathis and Brad Lewis, will attend the event to take part in the after-film discussion panel and call to action. Other special guests include Dr. Boyce Watkins, scholar, finance expert and political analyst; Michael Imhotep, talk show host and President of the African History Network; David Anderson, cast member of the film and founder of the Empowerment Radio Network.

The documentary, Black Friday, takes an in-depth look into the spending habits of African-Americans in America. The film chronicles the financial mis-education of many African-Americans and explores the economic pitfalls that continue to derail the progress of the community-at-large. In an effort to heighten the economic awareness and financial responsibility in the community, the film, Black Friday, presents solutions on how to better manage the 1.2 Trillion dollars that leave African-American communities annually. In addition, the film champions the importance of leaving a financial and ethical legacy for the next generation.

WATCH: BLACK PEOPLE WILL NOT CHANGE THEIR BLACK FRIDAY HABITS

The film will be followed by a discussion and call to action for African-Americans to focus on economic empowerment as the missing key to solving issues such as social injustice, mass incarceration, poverty, gentrification, joblessness, and the school to prison pipeline. Community members and organizers from cities including Cincinnati, Dayton, Columbus, Cleveland, and surrounding states are planning to attend and are encouraging others to do the same.

General admission tickets are $10 online and $12 at the door. Opportunities are available for display ads before and after the film. For tickets, vendor or business packages, and more information, visit blackoutcoalition.org.

special-guests

The Blackout Coalition is dedicated to sharing the urgency of economic empowerment for people of color throughout the African diaspora. We encourage and support black business growth and sustainability, by urging Black America to redirect their spending habits to pull the plug on the injustices all across the nation. The Blackout Coalition called for #BlackOutMonday in 2014 and there were reports nationwide showing that #BlackOutMonday was a huge success. With momentum and energy, tens of thousands geared up to continue the BLACKOUT each and every Friday. This form of protest doesn’t require the time needed to march through the streets, but it can leave a lasting impact. It’s all about choice in your daily routine. Now we take on #BlackFridayOhio as we reclaim this day as ours!

WATCH: BLACK PEOPLE WILL NOT CHANGE THEIR BLACK FRIDAY HABITS

Posted on November 22, 2015 By Staff

WHEN YOU DIE, WHAT WILL YOU LEAVE BEHIND, BILLS OR BENEFITS?

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By: James Clingman

When you die, what will you leave behind, bills or benefits?

That’s the main question posed by the upcoming documentary film by Atlanta videographer and filmmaker, Ric Mathis. The question is applicable on a personal and collective level, and one each of us should honestly answer. Mathis has captured the essence of that question, as well as the practical solutions to the frivolous Black spending phenomenon, in his upcoming film, Black Friday: What Legacy Will You Leave? He transposed all the Black Friday rhetoric into appropriate action, not only for that day, but throughout the entire year and for the rest of our lives.

Topics of discussion in the film include negative spending habits, introduction of financial literacy to our youth, and the absence of support for African-American owned businesses by Black consumers.

“Black Friday is the Noah’s Ark of Economics, if you are not up on this you risk drowning in a sea of debt,” says Mathis.

After discovering the alarming imbalance of Black spending compared to economic growth within the Black community, Mathis used his videography expertise to educate and stimulate appropriate behavioral change with his film. He lays out the deficit-based economic model by which most of our people are living, and then presents an asset-based model for which we must strive.

As I stated on Montoya Smith’s Atlanta radio show, Mental Dialogue, considering the fact that Black Friday has saturated our mental tablets to the point of becoming just another cute phrase with no substance, writing and even doing a film on the subject of Black Friday is tantamount to trying to find a new angle to sell a bag of ice.

Even though I heeded the calls for blackouts and stayed home on that day, my response has always been that blackouts would not really make a difference unless we implemented a long term strategy that directed the dollars we withdraw back to ourselves and our own businesses. It’s not just about what not to do— it’s more about what to do.

Mathis deals with my contention in a positive manner by covering the short term and the long term repercussions of our withdrawal and recycling of Black dollars in his film. It’s not just about Black Friday itself or the few days preceding and following Black Friday. Rather, it captures the various aspects of a successful economic empowering strategy, beginning with an introspective question each of us can answer, and then building a foundation of information regarding frivolous spending, economic literacy, saving, investing, business development and support, cooperative and collective economics. Mathis caps it all off with practical solutions to stop the bleeding and reverse our trade deficit with other groups in this country.

Explores the Validity of ‘Black Friday’ Protests with His Insightful Documentary

The term Black Friday did not emanate from Black people. After several iterations of the term as far back as 1961, it has been promoted as a positive reality of businesses reaping huge profits not only from Black consumers but from all consumers. Although quite apropos when it comes to the Black consumer, vis-à-vis our penchant for spending our money on everything anyone else makes, the term “Black Friday” does not have to be our reality, which is the basic message from the film. We deserve what we accept, and we must stop accepting the self-deprecating images and self-defeating characterizations attributed to Black people as it pertains to our economic interests. Our economic imperative must be rooted in the reality of our relative economic position in this country.

Many of the stories we read on social media are centered on Black athletes and entertainers who spend tremendous sums of money on material things and/or waste it in clubs on liquor and strippers. We read about robberies and murders by young people who want a certain pair of shoes or a jacket—and the latest craze—young girls are stealing hair!

Except for Black Enterprise Magazine and a few other Black-owned print media, the stories about Black entrepreneurs and others who are doing great things in the economic arena are buried, if they are in print at all. So who bears the responsibility of changing that reality? A long time ago I wrote, “The answer to media bias is ‘media by us’.” Ric Mathis has answered that call of responsibility, and I dare say obligation, to produce a video that will not only enlighten us but also move us to action—move us to take responsibility for the financial resources with which we have been blessed.

As we reflect on our answers to Black Friday’s questions, let us also ponder our economic condition and then commit to making appropriate change toward true economic empowerment for Black people.

For more information visit TheFilmBlackFriday.com.

Explores the Validity of ‘Black Friday’ Protests with His Insightful Documentary

https://atlantablackstar.com/2015/10/24/director-ric-mathis-explores-the-validity-of-black-friday-protests-with-his-insightful-documentary/

Posted on October 25, 2015 By Staff With 0 comments

The Oldest Black-Owned Business in the U.S.

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The Oldest Black-Owned Business in the U.S.
The U.S. Department of Commerce recently recognized a Columbus, Ohio business as being the oldest African-American owned business in the United States. This year, they celebrated 134 continuous years in business. Can you guess what company it is?

The company that received this honor is the E.E. Ward Moving and Storage Company in Columbus, Ohio. The company was founded in 1881 by William S. Ward and his father, John. It was originally called Ward Transfer Line. The company is a recognized leader in the relocation and transportation business.

How the company started

Original owner John Ward became very interested in transportation by helping slaves escape to freedom in the 1840’s through the Underground Railroad. The company first used horses and wagons to perform transportation jobs

What is so unique about E.E. Ward Moving and Storage Company is that they are not just the oldest, but also the oldest continually operating African American owned business in the United States. This means they have STAYED in business since their beginning in 1881.

Today, the company does residential moving, office and industrial moving, and corporate relocations. They are also an agent for North American Van Lines.

Congratulations to E. E. Ward Moving and Storage for your tremendous success!

The Oldest Black-Owned Business in the U.S.

Blog.BlackBusiness.org

Posted on October 15, 2015 By Staff

BBE INVESTMENT GROUP

BBE INVESTMENT GROUP

“Our mission at Buy Black Economic Investment Group (BBEIG) is to provide valuable educational experiences that promote and sustain interest in investment portfolios. Through the acquisition of resources, continuous education, sharing of information, and hands-on experiences, members will develop meaningful relationships with the financial community aimed at building economic stability. Managing real dollar investments, members learn about important aspects of finance and investing with a long-term perspective, while developing strong leadership skills.

The primary aspiration of BBEIG is to increase the financial knowledge and wealth of our members, building a body of interested individuals who are committed to creating economic prosperity, social integrity, and accountability for the group and facilitate rebuilding the Black community.”
BBE Investment Group, LLC, is a strategic global asset management. Our company is built around an investment approach we describe as the backbone of black communities.  Our unique investment process is focused on outcome-based results that may be aligned with your personal investment goals. BBEIG is “the Asset Manager with Black People & Community in Mind,” clearly communicating the rationale for each trading decision with you and your financial adviser.

With a minimum investment of $35 per month, you too can invest in businesses, IPO’s, stocks & much more…, but you must join us!  BBEIG is a group of fewer than 100 people who meet for investing; we meet periodically to make investment decisions as a group through a voting process, recording of minutes, or gather information and perform investment transactions as a group.

So, if we’ve piqued your interest and you’d like to get the skinny on what it takes to join/take part in an investment club/group; you’re in the right place. There is some commitment involved to join BBEIG, but if you follow these easy steps, you will be on your way to joining the largest investment group in no time!

First, register for the next webinar. We meet the 1st Monday of every month. Or visit our website to contact us http://bbeinvestmentgroup.com/. 

Posted on September 24, 2015 By Staff

TOP 5 BLACK-OWNED HANDBAG BRANDS

American women spend as much as $160 on a handbag and own an average of about 11 handbags. Ten percent of women have more than 20 bags in their closet, 20 percent spend over $200 on a handbag, 8 percent spend over $400.
black_owned_handbag_brands

Check out these black-owned hand bag brands by both African and African-American designers:

#1 – Minku: Minku is considered the Hermes of Africa when it comes to handbags. They are all handmade and can take up to 50 hours to complete and are lined with repurposed items of Yoruba ceremonial dress. The Nigerian company was started by founder Kunmi in 2011 and is a family-run business.

 

#2 – ZAAF: ZAAF offers handcrafted luxury leather handbags made in Ethiopia. They are crafted with the finest materials and produced in a remote Ethiopian village. The company was founded by Abai Schulze, a remarkable CEO who is under the age of 30.

 

#3 – Gregory Sylvia: This handbag designer was co-founded by Gregory and Terri “Sylvia” Pope. The husband-wife team started their company in Charlotte, North Carolina and are known for their luxury, elegant handbags crafted from fine leather.

 

#4 – Adela Dejack: These African-inspired designer handbags are made in Kenya. Their collection of handbags, jewelry and other accessories are inspired by African shapes, textures and techniques. Designer Adèle Dejak had plenty of design experience in England and Italy before moving her company to Nairobi, Kenya in 2005.

 

#5 – Christopher Augmon: Christopher Augmon high-end luxury designer handbags are made in New York and reflect the richness of various cultures. His distinctive handbags can be found in boutiques around the United States and online at augmon.com.These designer handbags are made by many of the designers for both women and men.

 

Source

 

Order From Lakay Home Designs

Posted on September 10, 2015 By Staff

THE #BLACKOUT #EACHANDEVERYFRIDAY ANNUAL REPORT

 bo1

bo2Congratulations!

A complete year has passed since we began #EachAndEveryFriday; a grassroots campaign boycotting and buying from Black Owned Businesses only each & every Friday.  Ending with over 80,000 black households participating, I’m proud to say that we’ve recycled over $120 million & and over a $200 million economic impact (that we can account for)! Congratulations to all who put this Cause over their conveniences. We are just steps closer to creating the economic infrastructure necessary for our culture to operate, hire, and build on its own. The following are estimates of our 1st Annual economic boycotting efforts of #EachAndEveryFriday:

 

Time Period: September 8th, 2014 – September 8th, 2015

Total Facebook participants: 87,700+

Total Official Boycott Days: 53

Minimum Amount of Participation: $20

Minimum Revenue recycled back to our Culture: $123.2 million!

Minimum Economic Impact: $200.6 million!

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In analyzing these figures, here’s some important lessons to we learned:

  1. Look how such a small dedication yielded huge results!

87,700+ (58,000+ from main BlackOut pages & 29,000+ from various affiliate groups) confirmed spending a minimum of $20 per boycott day (53 days officially). In that analysis, our online family alone has made an $200 million minimum economic impact (millions away from other cultures and millions back into our culture’s economy) in our first full year!

bo5bo6

  1. Signs of growth are already present!

There were literally over a thousand of businesses, organizations, community groups, and other entities that are beginning to receive uncounted revenue, donations, investment, client referrals and volunteer assistance from one another as well. Many are also using our leverage here to tackle larger projects to fulfill our needs for economic infrastructure by 2020!

 

 

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  1. It’s not a trend but a lifestyle!

The majority of our boycotters also patronize more than one day a week, making the “$20 per boycotter weekly participation” figure very much a minimum figure. This means that our people are putting their money where their mouth is; not just a “pro-black” trend but a lifestyle change in their spending habits and their effect on our culture’s economic cycle!

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  1. The elephant in the room is being addressed!

As of yet, we have no accurate way to determine the untold sum who participate offline. But we can estimate our potential reach and influence with the numbers we have. For example, the average black family size is about 2.74 per (us census). If we times that by the average friend group size (Dunbar’s number) is 150, each of our 87,700 also has an influential reach of 36.05 million; which is over  80% of U.S.’s black population. What this means is we already have ample amount of networking in the grass roots/social media arenas to make our economic activity grow into the international standard it deserves to be!

bo10

  1. Many are asking “What’s Next?”

Offline activities in various communities are being planned and implemented (cash mobs, specific cultural projects and protests, community gardens, community events, business mixers, etc.). There are also many partnering factions of our economic revolution who also assist in our regional activities on the ground. New campaigns are forming as well; #BBEFiveDollarChallenge is now this year’s goals to build savings towards the time to come! Many are also opening accounts with black owned banks and starting businesses and institutions with our people in mind. There are also groups working on creating a complimentary currency to employ, trade, invest, & finance our own developments.

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The vision for 2020 is to have our black dollars recycling at a minimum of 20% of discretionary income by 2020 (NOTE: If you’re already boycotting #eachandeveryfriday, you’re already more than half way there!).  At that economic recycling level, we’d have enough economic resources & capabilities to buy/sell to one another virtually any product, anytime, anywhere; all while providing employment and ownership.

 

bo12bo13

Conclusion:

Family, be of good courage!

Power is in the Love and Action for one another; not the circumstances and reaction for others! Because when the circumstances and reactions fade, those rooted in then fade right along with it! We’re creating the demand necessary to build real economic infrastructure that ….

– Gives black retailers the leverage to become black Distributors and Suppliers; hiring our people by the hundreds and thousands!

– Empowers black entrepreneurs to create new businesses and long term employment for our people!

– Engages our people to form Co-Ops and CDCs to possess Both Ownership & Accountability for our communities!

 

And we’re just getting started! So, when you see anyone talking black empowerment, tell them to put their money where their mouth is!

 

Sincerely,

Rashad H. Elliott

EVP, Black Tie Business Solutions, Inc.

 

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buyblackmove_n

 

BLACKOUT International Boycott  was such a huge success! [WATCH THIS VIDEO] http://blackoutcoalition.org/blackout-a-huge-success-black-businesses-report-an-increase-in-sales-nationwide/

The ball is rolling and it can’t be stopped! We kept the momentum going #eachandeveryfriday.

Continue to invite and share with others! Go to the website for business directories & local resourceshttp://eachandeveryfriday.com/

Join the largest Economic MOVEMENT OF OUR TIME! @buyblackeconomics.com

We must continue to fight for our rights! The only thing that people respect is our ability to alter their way of doing business. Please join & share.

SOUL CITY’S DREAM IS UNFULFILLED, BUT NOT DEAD!

 Black Community dream crushed! 

Soul City advertisementSoul City advertisement in the June 1977 issue of Black EnterpriseSoul City, a small town located one mile off U.S. 1 between Warrenton and Manson in Warren County, is a symbol of black economic aspiration fueled by the civil rights gains of the 1960s and 1970s. McKissick Enterprises, headed by civil rights activist Floyd B. McKissick (1922-91), financed the development of an African American community mainly with federal loan guarantees, grants, and contracts totaling $31 million from 1971 to 1978. With completion of the infrastructure, including a water treatment plant, hope abounded for the community’s success. However, job-creating industries did not come, and housing construction dragged. The developer also faced damaging federal audits and political opposition, eventually defaulting in 1980.

 

220px-Soul_City_entranceAlthough the federal government foreclosed on the Soul City project, the community continued to grow. In the mid-1980s the Z. Smith Reynolds Foundation gave a grant of $20,000 to renovate the historic Green Duke House and turn it into a Jobs Link Center. By the early 2000s Soul City was a 5,000-acre development with a few hundred occupants and assets that included a fire station, a janitorial supplies manufacturer, a poultry-processing plant, the Healthco Clinic, the Floyd McKissick Assisted Living Center, a Head Start preschool center, and recreational facilities.

 

  • floydFloyd McKissick  –

    Judge
  • Floyd Bixler McKissick was born in Asheville, North Carolina on March 9, 1922. He became the first African-American student at the University of North Carolina at Chapel Hill’s Law School.Wikipedia
  • Died: April 28, 1991
WE WILL CONTINUE THIS VISION!  ~MAAFA

www.myabeg.org

References:Jason Alston, “Soul City’s Dream Is Unfulfilled, but Not Dead,” Durham Herald-Sun, 30 Aug. 2003.Osha Gray Davidson, The Best of Enemies: Race and Redemption in the New South (1996).Floyd B. McKissick, Three-Fifths of a Man (1969).

Additional resources:

Articles in NC LIVE

Image Credit:

Soul City advertisement originally appeared in the June 1977 issue of Black Enterprise. Accessed via Google Books, January 2014.

Wikipedia

North Carolina History Project http://www.northcarolinahistory.org/encyclopedia/462/entry/

Posted on August 8, 2015 By Staff

WHAT IS ECONOMIC FREEDOM AND WHY IT’S IMPORTANT

man at desk

 

Economic freedom is the most essential route to greater opportunities and good standard of living for all in any society.

It is the freedom to select how to create, market, as well as use your own resources, while respecting others’ rights to reciprocate. In simple principle, economic freedom is an engine that drives success and prosperity worldwide and is the distinction between why some societies thrive while others do not.

It is the freedom to flourish and prosper within a nation without intervention from a government or financial authority. People are free to safeguard and protect their human resources, labor and personal property. The practice of economic freedom is common among capitalist states and it involves integrating various other constitutional and human rights to its operation in order to be economically free.

 

Importance of Economic Freedom

 

We cannot over emphasize the importance of economic freedom. It influences all aspect of a man’s life and his environment. When you live in a nation with a high level of economic freedom, it means you will earn higher income or pay, revenues and salaries. There is high reduction in unemployment rate, reduces hardship, brings about higher life expectancies and a conducive atmosphere to operate and live in. It brings about increase in the level of food security and security of individual life and properties.

 

How is economic freedom measured?

 

Indexes of how economic freedom is measured are found in Heritage and Fraser foundation to track economic freedom in the world. The Fraser Institute’s annual report, the Heritage Foundation’s annual report, the Economic Freedom of the World report, is produced in collaboration with Florida State University and Southern Methodist University, and also it evaluates five sub-components to gauge a nation’s degree of economic freedom.

These sub-components include the worth of the government based on income, expenditures and taxes; its legal framework and its protection of the rights to property of individuals; accessibility to money; freedom to move and trade internationally; and regulation of credit, business, and production factors – Land, Labor, Capital, and Entrepreneurship & Wealth.

How it works

 

In any economically free economy, citizens are free to do their business without interference from the government. It reduces inequalities in three prominent ways:

*It increases the rate of employment as well as enhances earnings flexibility: As economic freedom increases, there is increase in employment opportunities and a decrease in unemployment level, helps in the generation of higher revenue mobilization.

*It raises wide range of opportunities: That economic freedom brings about economic growth is essential. Growth typically brings more opportunity and a much better standard of living for everyone in any economy.

*It reduces corruption: Most people get their income from the jobs they do. However, in countries with high levels of corruption people closely related to corrupt officials could use these connections to get favors from them. These connections can help them get some benefits or unique and special treatment that others could not have access. Corruption is a bad disease and takes good things away, wastes limited sources and lowers the level of economic freedom in any society.

The impact of economic freedom on inequality is merely this: one of the most financially cost-free nations is also some of the equal. A nation cannot be referred to as economically free if it does not allow its citizens to operate in an atmosphere free from its interference and free from the introduction of some limiting economic policies.

business200x300-200x300What should we do to obtain it? 

Economic freedom, not “economic equality” must be our goal.  Equality requires measurement; it requires the party seeking equality, by default, to elevate someone else and seek his standard and his approval.  It also requires an effort to be accepted by the party to which one aspires.  It makes little sense to get into that game because every time we reach that standard it can—and will be changed to an even higher standard.

Economic freedom is the clarion call in years past and now.  Many have propagated that message and we have yet to heed it in a collective manner since we lost our minds over politics in 1965.  Economic freedom means setting our own standards, and not having to meet those set by others.  Economic freedom means the ability and willingness, and dare I say eagerness, to create jobs for our children.

Economic freedom means that we have multiple streams of income that can, of course, empower us individually and then empower us collectively.  Economic freedom means producing, manufacturing, and distributing; it means owning natural resources to whatever extent possible and vertically integrating our businesses.

Economic freedom, as Claud Anderson advocates, means aggregating our dollars and utilizing them to our own advantage rather than some else’s.  Economic freedom means what Pastor Jonathan Weaver and the Collective Empowerment Group are doing: leveraging the large number of church members and their spending capacity, and obtaining reciprocity from the marketplace.   Economic freedom means, as S.B. Fuller and Malcolm X said, “Control.”

The new black economy is the transition
from mostly a service-based economy to a
manufacturing, distribution and
retail-based economy.

Are you ready to achieve this? Join the movement @ buyblackeconomics.com  

Lynn – Creator of BuyBlackEconomics & BBNomics Crowdfunding Site. Pres. BBEIC Economic muscle & brain behind — I’m on a mission!

 

Posted on August 5, 2015 By Staff

TAKE THE 30-DAY ECONOMIC CHALLENGE

Economic Challenge

Take the 30-Day Economic Challenge

In the next 30 Days, do something that you’ve never done before

  1. Take the 30-Day Economic Challenge

    1. Get a US Passport  —  Get a US Passport (DON’T DELAY)

    2. Open an investment account

    3. Learn to code

    4. Review your finances and make some adjustments.

    5. Travel to a different country, next stop Haiti?

    6. Raise money on a crowdfunding site, preferably BBNomics

    7. Travel to Silicon Valley and ask for venture capital to start your business

    8. Take a trip to Wall Street and kick down some doors

    9. Reach out to some Black Investment groups, kick down some doors.

    10. Mentor someone

    11. Invest in gold or platinum

    12. Start a Roth IRA

    13. Write your will

“Next year at this time, you will wish you would have”… PG

 

 

Posted on November 15, 2014 By Staff

JOIN US IN PORT-AU-PRINCE, HAITI-NOVEMBER, 2014

 Economic Investment Tour in Haiti 

Re-Educate, Agitate and Organize 

Investment & Business Tour

Thursday, November 20th – 23rd, 2014

little-haiti04tr2

ENJOY 4 days and 3 nights

In the magnificent country called – HAITI!

haiti 2

INCLUDES THE FOLLOWING:

  • Airfare
  • Accommodations
  • Meals (Breakfast, Lunch and Dinner) Transportation
  • Nightlife 
  • Investments and Tours.

We must meet in Ft. Lauderdale, FL no later then the morning of 11/20/14 to join the flight.  

Please keep this mind when booking your flight from your location to (FLL). 

  • We would like you to arrive at in (FLL) Ft. Lauderdale at least 3 to 4 hours in advance. 
  • We must check in 2 hours in advance. 
  • We (ALL of us) must clear customs.
  • Make sure you have your passport and another form of identification.

Here is the details below: (Space is limited)

Air Travel Departure:

Jet Blue

Outbound Travel: Fort Lauderdale, FL (FLL) – Port-au-Prince, Haiti (PAP)

Date: Thursday, 20 November 2014

Flight: 1709

Depart: 1:11 pm

Arrive: 3:14 pm

Stops: 0

Air Travel Arrival:

Return Travel: Port-au-Prince, Haiti (PAP)-Fort Lauderdale, FL (FLL)

Date: Sunday, 23 November 2014

Flight: 1510

Depart: 9:17 am

Arrive: 11:34 am

Stops: 0

Hotel:

Estinfil Guesthouse (Bed & Breakfast)

Transportation:

To and from airport and around the city

Sites:

Tour of the site Haitian Revolution, Day at the beach Mulin Sur Mer, night, life and much more…

Meals:

Breakfast, Lunch and Dinner (included)

Tours, Lectures & Presentations:

Doing Business in Haiti, Investment Tour and more…

[media-downloader media_id=”2238″ texts=”Exporting To Haiti”]

Sponsorship:

(Taking Donations)

We are sponsoring an orphanage COBBA (Centre orphelinat du bon berger de l’Archaie). COBBA was created in 2008 by Pastor Valembrun Estinfil. Due to the extreme poverty level that many Haitians are forced to live everyday, Many parents are unable to take care their children in Haiti. We are accepting donations for clothing (boys and girls), school supplies, shoes, sneakers cleats, dolls (black), soccer balls, African centered books etc…your donation is tax deductible. The age range is 12 months to 13, New or Gently used. 

Call to arrange. 9134BUYBLK 913-428.9255 

Business in Haiti:

The devastating 2010 earthquake in Haiti caused significant damage to the nation’s capital, Port-au-Prince, and resulted in fiscal losses roughly equal to the country’s GDP. In response, the international community has rushed to Haiti’s support and pledged approximately US$10 billion for reconstruction projects. As Haiti’s economy steadily begins to improve, great opportunity exist to provide much needed capital, financial expertise and strategic support to SMEs in the country.

Haiti is now poised for growth. Haiti has a free-market economy with low-cost labor, a pro-business government, and capital demands that will continue to increase for the foreseeable future. The Haitian government, with the help of the international community, is attempting to create more jobs for its young workforce (the average age in Haiti is 21.4 years) by making it easier for foreign entities to invest in Haiti.

Furthermore, Haiti is well positioned to prosper in the coming years due in part to its proximity to the United States (its primary trading partner), the vast support from the international community, and its motivated and eager low-cost workforce. Haiti’s key strategic advantages are outlined below.

  • Pro-business government
    • President Michel Martelly is considered pro-business
    • Martelly has pledged to create over 500,000 jobs in the next three years
    • Haiti’s government has begun to streamline steps to start a business and loosen curbs on foreign ownership of land
  • Broad International Support
    • Over US$10 billion of foreign assistance has been pledged to help rebuild the country
    • Inter-American Development Bank (IDB) offered over US$2.2 billion alone for recovery and development projects
    • Over 3000 non-government organizations (NGOs) are operating in Haiti providing much needed support services
    • United States HOPE and HELP Acts will help rebuild Haiti’s diminished garment industry
  • Strategic Location
    • Located between the world’s largest economy (USA) and emerging economies in South America (Brazil and Colombia), Haiti is well-positioned to benefit from economic growth throughout the region
    • Situated within the Caribbean provides the country with prime access to maritime trade
  • Promising Economic Signals
    • Free-market economy
    • Projected 7.8% GDP growth in 2012
    • Economic stimulus from billions in foreign assistance
  • Increasing trade integration
    • Introduction of Special Economic Zones provide exemptions on tariffs and taxes
    • Close proximity to large economies ensures lower costs for transporting goods to international markets
    • WTO member since 1996
  • Untapped Resource Potential
    • Copious, untapped mineral deposits of bauxite, copper, gold and calcium carbonate
    • Young, low-cost labor – median age is 21 years
  • Advantageous Labor Conditions
    • It has one of the world’s lowest-cost workforce
    • Abundance of hard-working, trainable workers
  • Geography
    • World-class pristine beaches and 1,700km (1,100 miles) of coastline
    • Natural sea ports at Port-au-Prince, Cap-Haitien, Gonaives, and Jacmel

If you’re considering doing business in Haiti, please review this file, Doing Business in Haiti. Or download the PDF file [media-downloader media_id=”2120″ texts=”DOING BUSINESS IN HAITI “]

Note* You need a passport in order to exit and re-enter the US.

If you do not have one, your local  Post Office would be the best source to obtain one click, here.

haiti

  • Accommodations
  • Meals (Breakfast, Lunch and Dinner) Transportation
  • Nightlife
  • Investments and Tours.

ALL Balance must be paid before upon request.

Payment options:
Credit Card – Please add $49.56 to the total.
Paypal – Payments made from Paypal to Paypal WILL avoid credit card processing fees.
Bank Transfer – Payments  CAN also be deposited directly to chase account to secure your space upon request.
Or good ole fashion snail mail
We are located: 7 Woodsdale Ave Cincinnati, OH 45216
Hours of Operation: Sunday – Saturday 1:00 pm to 7:00 pm

If you have questions, please call 913-428-9255 do not send them via this form. Email lynn@bbnomics.com 

To reserve your space, please complete the questionnaire below.

Disclaimer** Deposits are Non-Refundable! No exceptions!  NO CANCELLATIONS! 

 By completing this form you are agreeing to receive an invoice via Paypal to reserve your space. 

Notice*
Please be advised that the Minister of Tourism in Haiti now requires all foreign travelers (Non-Haitian passport holders) to pay a Tourist Fee upon arrival into Haiti in the amount of US $10.00 (10.00 Euros or CAN $10.00).
The only exemptions are:
Children under the age of 5 Official or Diplomatic passport holders
This fee will be collected per traveler on arrival at bank counters provided for this purpose in the various ports and airports of entry into the country and at the level of different border crossings.

Please complete the form below ONLY to reserve your space, TODAY! Thank you!

Below is the contact person for questions and/or more information:

11-22-13 063Lynn (Linda Pierre-Smith)

Trip Coordinator (Global Outreach and Economic Developer)

General Questions: lynn@bbnomics.com

Phone: 913-428-9255 (913)-4BuyBlk
Skype: lynn.bbnomics

Posted on October 8, 2014 By Staff With 0 comments

10 BLACK BUSINESSES YOU CAN START FOR $500 OR LESS!

BOBsLong time statistics have shown that 9 out of 10 new businesses fail in their first year. Lack of planning and financial ruin is one of the most common causes. Starting small is a way to insure minimal risk in new business. The founder of Dell computers was a college dropout on a shoe-string budget who started his business out of his garage. One in three computers sold today is a Dell.

The following is a list of just some of the businesses you can start for $500 or less.

 

1. Housekeeping – Requirements/ household cleaners, mop, broom, vacuum, towels, bucket, business cards – approximate cost $150. Molly Maids is a multi-million dollar business started with a broom, a mop, and quality and reliable service. I can guarantee you that the CEO of Molly Maids doesn’t clean houses any longer.

 

2. Gardening or landscaping – Requirements/ mower, edger, blower, rake, shovel, clippers, business cards – approximate cost $450. Some education won’t hurt you here, but even without it, how much money did you make mowing the neighbors yard when you were young?

 

3. Internet sales – Requirements/ computer – approximate cost $500. It’s likely you already have a computer at home so this just might be the cheapest and easiest business to start. It has been estimated that by the year 2020, nearly all retail purchases will be done over the World Wide Web. Getting on the bandwagon now may set you up for a prosperous internet business in the near future. Look into working with “drop ship” companies to avoid up front expense and storage fees.

 

4. Mobile food service – Requirements/ business cards – approximate cost $30. With a half hour lunch break, employees at many companies have little time to leave work and order lunch. Providing a morning menu for lunchtime delivery can be helpful to these people and provide a good source of income for you. Your job? Call in the order, pick it up, and deliver it; for a fee of course. Delivering 15 lunches to one company at $3 to $5 profit apiece can add up quick. Or how about a hot dog cart at special events?

 

5. Pool service – Requirements/ pool cleaning supplies, start-up chemicals, brush, net, hose, business cards – Approximate cost $400. States with warmer climates have many homes with swimming pools needing weekly care. Service to numerous homes in the same area can net you a small fortune. Business cards on the door or mailbox lets the homeowner know you are available. It may take some time to get a solid clientele, but be patient; established pool service routes can be very valuable if and when you decide to call it quits.

 

6. Consulting service – Requirements/ know-how, business cards – Approximate cost $30. What do you know that might be of monetary value to others? Sell your smarts!

 

7. Delivery service – Requirements/ the car, scooter, or bicycle you may already have/ business cards – Approximate cost $30. A great business within large city limits. Corporations, small businesses, restaurants, etc. may be in need of delivery services. Whether it is paper documents, payrolls, food, or other items, delivery services can be a steady and profitable business.

 

8. Painter – Requirements/ brushes, rollers, edger’s, towels, tarps, business cards – Approximate cost $200. Visit local hardware stores to let them know you are available for work and will purchase paint through their stores. Their referrals may keep you busy for months at a time.

 

9. Handyman – Requirements/ basic tools, business cards – Approximate cost $500. Depending on they type of jobs you acquire in this business, a contractors license may eventually be required. Check with your local and state government offices to determine at what point you will need one.

 

10. Daycare – Requirements/ toys, educational materials, bedding, a safe and clean home, love – Approximate cost $300. This business requires patience and child care experience. If you care for more than three children at one time, it’s likely you will be required to be licensed. Check with your local and state government offices for restrictions and requirements.

Most of these business start-up ideas will require an additional two items you likely already have; an automobile and a telephone. But otherwise, they are super simple and easy to start new businesses suitable for nearly anyone wanting to become self-employed.

The key to having a successful business is to do what you would enjoy doing anyway. Make a list of the things you like to do and follow that with an extended list of ways to make money in a related business. Be creative with your business idea, there are many more options available for you than you probably realize!

 

Source

Posted on July 20, 2014 By Staff With 1 comment

DR. UMAR JOINED US AND HE WAS PHENOMENAL

Thank you Brother for the work you do!

From The Nati

DR. UMAR JOINED US AND HE WAS PHENOMENAL!

umar asili

 

Thank you to everyone who attended!

About Dr. Umar Abdullah Johnson
Umar Abdullah-Johnson is a Doctor of Clinical Psychology, Nationally Certified School Psychologist, Certified K-12 School Principal, and political scientist. He is an expert independent special education evaluator. He trains educators, principals and mental health technicians on various psycho-educational topics, including ADHD & disruptive behavior disorders. He is an outspoken opponent against the mass psychiatric drugging of Black boys in public schools, and the mass diagnosing of Black children as mildly mentally retarded and learning disabled.

DR. UMAR JOINED US AND HE WAS PHENOMENAL!

He has appeared on the Tom Joyner Morning Show, the Bev Smith Show, and countless radio and talk shows across the country, in Africa and in the Caribbean. He is also the author of a book entitled The Psycho-Academic War Against Black Boys: From Grade School to the Grave Yard. He is Founder/President of the National Movement to Save Black Boys (NMSBB), and a blood relative of Frederick Douglass, the 19th century Abolitionist & Orator. Learn more about him atwww.drumarjohnson.com

 

DR. UMAR JOINED US AND HE WAS PHENOMENAL!

 

Posted on April 20, 2014 By Staff

BLACKS WITHOUT BORDERS – VIDEO

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Blacks Without Borders – Video

Black Without Borders is an emotional story about hardship, sacrifice and great rewards. This film plunges into the lives of a group of African Americans who have come to South Africa to find the American dream. These expats have discovered that America is not the only land of opportunity. The boundaries that many of them faced in the United States don’t exist in South Africa. Everyone knows about the deplorable conditions in parts of Africa, but this film captures the wonderful lifestyle South Africa has to offer. We follow these modern day globetrotters all over the country and tour their amazing homes. From an 11,000 sq ft. house that overlooks the Indian Ocean to a 35,000 sq ft. mansion that sits on 700 acres.

Blacks Without Borders – Video

Join us in October: Africa for Africans Tour 

Resources: 

 

 

Posted on January 12, 2014 By Staff

NATURAL HAIR CARE ACT PASSES IN OREGON

Lifestyle-New_Growth_the_rise_of_the_natural_hair_care_business_t580
In a win for fairness and common sense, the state of Oregon will no longer subject people who practice African-style hair braiding (and other forms of natural hair care) to a bizarrely burdensome licensing process that’s more lengthy than what’s required for someone to fight fires or give lifesaving medical care in ambulances.

As Sightline first highlighted in our Making Sustainability Legal series, Oregon State law previously required anyone who wished to braid, cornrow, twist, lace, wrap, or weave extensions or decorative elements into hair to undergo 1500 hours of cosmetology coursework and training (compared to 130 hours to become an Emergency Medical Technician and a minimum of 385 hours to become a firefighter in some states). This was particularly unhelpful since natural hair care practitioners don’t cut, color, perm, or straighten hair, the basic skills taught in cosmetology school.

The regulations were arguably racist, since they prevented hair braiders—most of whom are African immigrants or African-American women—from earning a living without undergoing largely irrelevant training that can cost up to $17,000.

Last week HB3409B, otherwise known as the Natural Hair Care Act, cleared its final hurdle in the Oregon legislature. The bill defines natural hair care separately from barbering and hair design and lays the groundwork to create a less onerous licensing process—yet one that still requires  practitioners to have basic health and safety knowledge.

The natural hair care bill appealed to some libertarian-leaning Republicans and was also a top legislative issue for Oregon’s Commission on Black Affairs. But the policy change wouldn’t have happened without Amber Starks, whose dilemma was described this way in a story on The Oregonian’s front page last summer:

Starks, 31, decided to start her own business this year. She volunteers as a surrogate big sister to girls in foster care, and she’s seen young black women struggle with both their hair and questions about their identity. Braiding, a baby step toward chemical-free styles, seemed an obvious path to make some money and do good. She sees herself as a sort of follicular Johnny Appleseed, teaching small-town black kids and white parents of adopted children how to handle African hair.

Department of Human Services regulators liked the concept but suggested she check with the state cosmetology board. That’s when she discovered that she needed a cosmetology license to braid in Oregon—even to do the work for free.

Starks brought her catch-22 to lawmakers attention, explained how current regulations criminalize an important aspect of black culture, and tirelessly championed the natural hair care bill sponsored by Sen. Jackie Dingfelder and Rep. Alissa Keny–Guyer. She had a righteous and nearly unassailable argument on her side, and, fortunately in this case, common sense prevailed in Salem. Let’s hope that Starks will soon be able to move her business from Vancouver, WA, where touching hair without a cosmetology diploma is not a criminal act, to a more welcoming business climate in Oregon.

NATURAL HAIR CARE ACT PASSES IN OREGON

Source: http://daily.sightline.org/2013/05/29/natural-hair-care-act-passes-in-oregon/

Posted on September 29, 2013 By Staff With 0 comments

THE RISE OF THE NATURAL HAIR CARE BUSINESS

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The Rise of The Natural Hair Care Business

Over the past decade, natural hair, defined as hair that has not been processed with chemicals to become straighter, has made an impressive comeback within the Black community.

What was once a symbol of the rebellious sixties is now a fashion-forward expression of self-identity. With this shift has come an influx of products exclusively aimed at the care of natural hair. While some of these lines are distributed by well-known hair care companies, many others have been the brainchildren of Black entrepreneurs. The need for products that specifically address the concerns of naturals as opposed to other Black hair care lines comes from the differences in texture, porosity and maintenance between natural and relaxed hair. Carol’s Daughter is one company owned by a Black woman that aims to address these needs. It was founded by Lisa Price, a resident of Brooklyn, NY. According to an interview that Price had with Little Pink Book, a website that offers business advice, Carol’s Daughter grossed over 35 million dollars in 2010. Since its inception in 1993, Carol’s Daughter has been picked up by retailers Sephora and Macy’s. In addition, it has become a staple product for many women who are transitioning and those who are already natural.More and more natural hair care lines are emerging and many are owned by Black people. Some of the people in this very specific market feel that they are more comfortable using products that were engineered by someone who has first-hand experience maintaining Black hair. Others, however, feel that anyone can make a good product for non-processed Black hair as long as they study the hair’s behaviors appropriately. Gabrielle Oglesby, a recent graduate of Central Connecticut State University decided that she would rather use hair care products from a Black-owned company.

“For me, it’s very important that my natural hair care products come from black-owned businesses because for one, they know the complexities of caring for natural hair. Contrary to popular belief, natural hair care requires a lot of maintenance to ensure healthy hair and a healthy scalp. I don’t think white-owned hair care lines could ever fully address the difference in upkeep that is required for Black hair,” said Oglesby. From a business aspect, Oglesby felt that patronizing black businesses was a way to support her own. “As a people, I feel it’s important that we support black-owned businesses. We need this kind of unity to uplift our own in a White and male driven society. When one of our businesses fails, we as a people fail which is why it is imperative that we make supporting Black-owned businesses a priority,” she says.

Cytney Gueory, a receptionist and resident of Sandy Springs, GA who has been natural for about 8 years felt that the ethnic background of whoever creates her product of choice does not matter. To Gueory, it is all about the results that the product produces. “When it comes to black or other ethnicities owning the companies that I buy products from, it does not matter to me in the least. To me it’s more about what is in the products that I am using. Overall, as long as they know what they are doing and as long as they are educated in some form or fashion on African American hair, then they have earned their right to experiment on my hair. After all, even in a worse-case scenario, it is just hair,” said Gueory. Cosmetologist and owner of Salon Femi in Bloomfield, NJ, Kenya Cephas, has been doing natural hair for twenty years. Cephas said that her clients use the products that she suggests based on their individual textures and the hair porosity. “They use Jane Carter Solutions, Design Essentials Naturals and there is a newer product called Entwine. They are Black-owned companies,” said Cephas. Poka Kimble is a stylist for the salon Natural Xpressions in Atlanta, Georgia. The salon caters exclusively to clients with natural hair of all types. Kimble said that all of the products that the stylists use on their clients are owned and operated by Black business people. He went on to name Design Essentials which is owned by Cornell McBride, Ms. Jessie’s-owned by Miko and Titi Branch and Jane Carter’s Jane Carter Solutions. Although Natural Xpressions opts to use products from Black companies, Kimble recognizes that natural hair care is not by any means a Black-owned industry. “No. I don’t think that the majority [of these companies] are Black-owned. But they direct their products toward Black people,” says Kimble. Kimble’s assertion is quite accurate. One example of a natural hair care line that is not Black-owned but does cater to the demographic is Cantu. When looking at the packaging of a Cantu product- whose founder is Chris McClain- one could judge from its signature kente cloth-like band that it is specifically made for people with African hair textures. Beautiful Textures- a line for naturals- is owned by Mario J. De La Guardia who is of Cuban descent. La Guardia is also credited with inventing the first no-lye hair relaxer for Dark and Lovely in 1978. Cantu can be found in Walgreens and Walmart while Beautiful Textures is sold at Sally’s Beauty Supply stores. In addition, Jane Carter Solutions and Ms. Jessie products are now being sold at Target. The business of natural hair is growing rapidly. With the number of new hair care lines emerging to accommodate the resurgence of “The Natural” many Black entrepreneurs are finding their niche. More and more big businesses recognize that there is a market for these products and, much like the consumers that they target, they are checking for new growth.

The Rise of The Natural Hair Care Business

Inland Valley News

Posted on June 28, 2013 By Staff