National Dashiki Day takes place on Oct. 30, 2017, where it is referenced across the internet, including 10000’s of mentions on Twitter. Facebook & Instagram.
After Waiting 8 Years, Black-Owned Company Finally Wins $700 Million Contract to Redevelop South Central LA Community
A $700 million project to redevelop a neighborhood in South Central Los Angeles has been approved by The Los Angeles Planning Commission. The proposal was made by Black-owned Capri Investment Group, headquartered in Chicago, and includes homes for low-income earners and an expanded and revitalized shopping mall.
Chairman and CEO of Capri, Quintin E. Primo III, has been waiting for approval for 8 years. After final approval from the Los Angeles City Council, he can begin his master plan which includes 961 condos and apartments, a new 400-room hotel, a 10-story office building, retail stores, and restaurants. By tripling the plaza’s size to over 3 million square feet, the new complex will provide additional retail/restaurant services and replace surface parking with new housing conveniently located near public transit.
More housing and jobs coming to South Central LA
Some initially had concerns that the new complex would hurt black residents from nearby areas with limited financial resources. However, according to Luci Ibarra, a senior city planner with the Los Angeles Department of City Planning, no one would be directly displaced by the redevelopment project because there are no homes currently at the site. In fact, the project will result in more, affordable housing and better housing choices for low-income residents.
In addition, 25 percent of all jobs created during construction and operation of the expanded plaza will be offered to local residents, resulting in more jobs, more housing, and a better place for people to live, work and enjoy a good quality of life.
The $700 million investment by Capri is the first time that amount of private commercial capital has been invested in South Los Angeles. Primo is very optimistic about the value it will add to South Central Los Angeles, adding, “While there still is a governmental and community process to be completed for this large, complex and socially impactful investment, we believe its redevelopment holds the potential to become the new City Center for South Los Angeles, a chronically underserved minority area.”
Stores and businesses that will remain and continue to operate include the 15- theater Cineplex, anchor stores Macy’s and Sears, and all other retailers at the mall. Final approval by City Council is expected to be attained later this year.
For more details about Capri Investment Group, visit www.capri.global
New Orleans, Louisiana is known as one of the culinary capitals of the United States. Food served in this amazing city reflects the local Cajun, Creole, and French roots. Visitors come from all over the world just to taste its exquisite gumbo, jambalaya, crawfish, red beans and rice, and more. And every summer, hundreds of thousands of African Americans come to New Orleans to attend the Essence Music Festival.
Here are some of the best Black-owned restaurants in New Orleans:
#1 – Ray’s On The Ave: located at 1139 St Bernard Ave, famous for fast service, gumbo and fried chicken, boiled crawfish, and live music.
#2 – Fred’s BBQ & Soul Food: located at 3336 S Claiborne Ave, serves some of the best barbecues in New Orleans, along with Mac and cheese, yams, and corn.
#3 – Heard Dat Kitchen: located at 2520 Felicity St will more than satisfy you if your craving is for Cajun/Creole, Seafood, Soul Food. Try their crawfish stuffed shrimp and the blackened catfish and green beans for starters. Good food and southern hospitality.
#4 – Bennachin Restaurant: located in the French Quarter, serves some of the best African and Soul food around. From cabbage and couscous (Yasa) to the black-eyed peas and coconut rice with plantains (Kone Ni Makondo), it’s all good here!
#5 – High Hat Cafe: located; at 4500 Freret St, specializes in southern, soul food favorites like catfish, BBQ gold shrimp, shrimp Po boy, one-eyed burger, mac & cheese, cornbread, pimento cheese grits, and slow-roasted pork. The restaurant is also dog-friendly!
#6 – McHardy’s Chicken & Fixin’: located at 1458 N Broad St, is a favorite among chicken-lovers. Customers consider their fresh, fried chicken the best in the city. Reasonable prices, too.
#7 – Catty Car Corner: located at 1340 Poydras St, has a 1980s style decor and serves cafeteria style, including breakfast. One of their specialties is grilled cheese sandwich made with gruyere, caramelized onions, and prosciutto. Customers say it is “melted high-quality cheese.” Try their pulled pork, too. The restaurant is closed for dinner but serves breakfast and lunch.
Nationwide, May 1, 2017 – To be successful, it is vital to have the courage to go for it. At a time where it was unpopular to birth and run a black owned crowdfunding site, Lynn Da, a young budding entrepreneur out of Cincinnati has taken the bull by the horn to make the impossible possible.
Founded in the year 2012, with the aim of helping members of the black community get funding for their businesses, Suffice it to say that in April, BBNomics has been able to raise over $100,000 in funding.
Speaking excitedly, Lynn, the organization’s founder said; “I am thrilled about this latest development. This particular feat will go a long way in strengthening our hearts and increase our faith for a better tomorrow for the black community, as we all work together to make it happen. Even though the journey is long and tough, this has made us believe that it is achievable.”
In recent times, BBNomics has funded some notable projects such as; Kimchi Socks (a young socks company), Bringing More Healing to the hood (a mental health clinic in Chicago) and much more. “My personal goal is for BBNomics to raise one million in funding to help entrepreneurs and organizations open their doors to the public, and I know we are almost there” Lynn added.
It is noteworthy to mention that ‘Basil Health Fund’ and ‘Buy The Block’ are some of the campaigns that BBNomics is currently spearheading. While the former focuses on raising funds for Basil Elby, the alleged mastermind of the I-85 Atlanta bridge collapse, the latter presents a platform that will allow groups and individuals to pool resources, share knowledge, vote on the property to invest and efficiently manage investments.
According to their website, anyone can start a campaign and get funding for businesses, organizations, social causes and more. For more details about BBNomics, visit – www.bbnomics.com or follow them on Facebook at https://www.facebook.com/bbeconomics/
Although you can invest in real estate even if you don’t have any experience, here are some things to avoid. Experience is not necessary, but learn as much as you can avoid top 5 mistakes to make. On your journey to wealth, use these tips to reach the very best results.
Here is some insight that will offer you a unique approach. Make sure to prepare yourself to address various issues along the way. It means you can easily make mistakes if you’re not careful. With that in mind, we created a list of errors that you can make so that you can avoid them faster and with much better results.
The lack of the investigation is not ok at all. While real estate investment seems rather easy to do, you don’t get to be very successful with it unless you know what you are doing. If you don’t research, results may slow or not be as good as you expect. So, research as much as you can on every single property you view, this type of due diligence will come in handy for sure.
If you are self-financing your investments, then you don’t have to worry about this. But if you aren’t self-financing, you may want to find a safe and reliable financial opportunity that will help you cover the investment costs. It will be a bit challenging, but with the right lender, enough capital you can get some excellent results in this situation.
Doing everything on your own:
It sounds nice at first, but the reality is that you can always delegate your tasks to other people that are just as vested as you are in the investment world. Remember, a team effort can bring even better results, so keep this in mind.
Paying too much:
The reality is that overpaying is a problem. Lots of new investors tend to pay too much on a property, and thus their chances of making real money from that will be drastically reduced. Thankfully, there are always options. In this case, you have to study the market, understand what’s wrong and make an offer based on what you find to be the market value of the property.
Thinking that expenses are low:
They can be at times, but expenses can also be very high. You have to understand what real estate investing means, and you have to take your time to study every expense. After all, expenses can quickly add up to some major costs, and you want to avoid such a thing. Take your time and track all the expenditure with the utmost attention, it’s better to be safe than sorry.
Top 5 Mistakes You Can Make While Investing in Real Estate. These are some of the common mistakes that you can make while investing in real estate. It’s paramount to focus on avoiding these problems, the better the results will be in the end!
Real Estate Investing might seem a bit complicated at first, but that’s not exactly the case. What this process does is it provides you with the means to use your money to invest in real estate properties. You do that to purchase new properties and generate income. The process is rather simple, and it allows you to acquire income on the backburner, all thanks to the money you invested.
The great thing about Real Estate Investing is that it allows you to generate revenue and profits over time. The way you do that is via price appreciation. As the price rise, you can sell the property, and then you can make a profit from that. Tax implications do differ when it comes to Real Estate Investing because each type of investment comes with its set of various taxation models.
However, you can generate a substantial income from Real Estate Investing, and all you have to do is to invest wisely in producing best results in the end. Focusing on specific properties is mandatory. It’s imperative to focus on investing in real estate as this will allow you to generate capital gains as soon as the property value invests in time.
Knowing how to invest in real estate properly can be a bit hard at first, but with the right approach you will find no problem getting the right value, and the experience can be very rewarding for sure. It’s all about taking your time, knowing what to do and in the end, this can be amazing, to say the least!
Once you enter the world of Real Estate Investment, you need always to bring in a good cash flow. Otherwise, results might not be the ones you expect. It can be rather challenging, but as long as you take your time and avoid rushing, you will find the experience to be second to none in the end. So, don’t hesitate and opt for Real Estate Investing if you want to create a new career that provides you with a stable income on the back burner.
Entering the world of Real Estate Investing is not easy, and it can bring in front a resounding, unique experience. It’s certainly something that pays off a lot, so try to keep it in mind to the best of your capabilities. Do that, and you will be quite impressed with the results. Plus, Real Estate Investing can give you a good way to deal with any potential problems, so try to make the most out of it right away, and you will not be disappointed!
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!
So, you finally decided you want to enter the property group investing world, but you aren’t sure what type of resources are worth your time? We created some critical things to focus on, a list with some of the best types of properties you should pursue when you engage in real estate crowd investing!
Most of the time, real estate group funding will work very well for the commercial properties. The reason is simple; you can purchase them and then you can rent them to businesses, which in the end means you get a monthly revenue stream. The amount will vary, but getting passive income this way is an excellent idea. Plus, when you reach a certain number of properties, it will allow you to build finances needed for other investments slowly.
Investing in real estate properties for residential use is another idea. The idea is that you can opt for single-family homes that are in excellent shape and rent them out for income. This way there will be fewer people involved in the purchase, and you will have a much better ROI when you just resell it. There won’t be any need for any repairs either, which is imperative!
Not a lot of people think that real estate crowd investing can be used for the foreclosure properties, but this can work extremely well. It can help you acquire and rehab with help from other group investors, and you can get an outstanding return on investment from it.
Investing in the construction of new homes that will be resold for profit can also be a superb idea. It’s important to try out this option as well because it can bring in quite a lot of success and it will be relatively easy to sell a new home. You do have control over the construction process, and you can make sure that the construction is finished on time, which is imperative at all times.
These are excellent sources of money for real estate crowd investing, mainly because you just purchase them for rental. Sure, the rental money will be split between every member of group investor, but you can invest in multiple properties like this, and the sums will add up. It can be a consistent income that arrives monthly, and it will also help you enter the real estate crowd investing world with ease!
In conclusion, there are many options you can focus on when you join real estate crowdfunding. You just have to pick the right one that suits your needs and follow it properly. The reality is that you can always experiment with all of them to find out which one is the best. Or you can opt for various real estate crowd investing combinations that may suit your requirements. Do that, and the experience will be an extraordinary one in the end!
Join the movement at ‘Buy The Block,’ today!
MEMBERS OF THE BLACK COMMUNITY RALLY TOGETHER TO ‘BUY BACK THE BLOCK’– ONE INVESTMENT AT A TIME
Following the successful creation of ‘Buy The Block’ as well as the passionate contribution of the community towards ensuring that the movement’s goal of raising the sum of $100,000+ is reached. Lynn is thrilled to announce the highly anticipated launch of their new one-stop online crowd investing real estate investment platform, 2017.
Even though we are not yet there, it is heart-warming to see black people across the U.S., unite as one to embrace and support this unique concept via their continued contribution. With their help, we’ve been able to raise almost $109,000+ an amount we are devoting towards the development of our website, app and buying our first block” said Lynn, CEO at ‘Buy The Block’. In the coming months, contributors will be taking advantage of some excellent features that will take everyone by storm. These unique offerings will be targeting the existing state of affairs and bringing a breath of fresh air to the industry.
Suffice it to say that ‘Buy The Block’ aim to lead sponsors and developers in a significant number of investor’s projects if not all. This major factor in their operation distinguishes them from other crowd investing platforms. While loads of their competitors only handle third-party sponsored projects and front as mediators through the provision of technology to execute funding for outsourcing deal. Buy The Block has been able to carve a niche for itself by putting their money where their mouth is and spearheading their project development with the help of their in-house Block Development Success Managers.
Doing this has helped us to reduce risks to the barest minimum and increase investors’ returns. Furthermore, through the creation of a personalized portal per investor, we furnish each of them with frequent real-time investment updates. Our process will help us to earn their confidence without hassles.” With a team of sound and highly respected professionals, Buy The Block is on a mission to change the face of crowd investing real estate. By keeping each investor informed through the provision of regular updates, the company continues to endear itself into the heart of investors.
“We have a blueprint of what works, and it will produce results. We are here to stay and lead the way by making real investing easier than ever” Lynn concluded. Buy The Block was live on Saturday, June 17th, 2017 (Juneteenth)! Visit our Facebook page for more details.
Buy The Block goal was 500 members, we now have 450+! Way to go!
Join The Movement
Real estate crowdfunding, also known as CrowdInvesting, is generating a massive amount of money for a broad range of residential properties all over the country. Simply put, regular people that want to become real estate investors need to use a dedicated platform like Buy the Block, and they can buy back the block in their local area if they so desire.
This real estate investment opportunity has proven to be a major success, and now it’s one of the best and most reliable ways to generate the funds needed to purchase real estate properties all over the globe.
But you do have to wonder, what kind of impact do you get from CrowdInvesting? Is this indeed a breakthrough in the real estate world or is it just a phase that will most likely be forgotten sooner rather than later?
The answer is, thankfully, the former. Yes, CrowdInvesting is generating the means and expertise necessary to overcome a lack of investors for various regions all over the world. Plus, companies, like Buy the Block, can allow regular people to start a new career as real estate investors in a very simple manner. The new investors just share money via the platform, and they will get a solid return on investment extremely fast.
Similar CrowdInvesting companies have already generated around $1.7 billion in CRE projects, and they gathered hundreds of millions of dollars, with Buy the Block being one of the best examples in this regard. Giving power to the people is an excellent thing in the real estate investment world at this point. Instead of trying to find an investor for various residential projects, CrowdInvesting makes the entire process simpler and easier.
Platforms, like Buy the Block, will regulate all investments and the process will be a lot faster and safer for all parties involved. Contractors will get the cash flow needed to create new buildings, and the new investors will be able to earn money and a solid return on investment without having to worry about what they get back! This is why we love real estate crowdInvesting and you should too.
Every investor can start with as little as $100, and in return, he/she will get a stellar ROI based on how much he/she invested in the first place. Some investors can offer $1000; others can opt for way less/more depending on their budget. It’s imperative to note, the fact that this type of real estate investment doesn’t come with a significant entry level, in fact, it has a great approachability, and the results are second to none due to that reason alone.
Is CrowdInvesting safe? Yes, this is one of the best real estate investment methods that you can use at this time. Not only does it allow multiple people to invest in a project that a regular corporate investor might pass on, but it also generates a lot of revenue for all individuals that are a part of this project. If you want to become a part of the CrowdInvesting wave, you should consider joining Buy the Block now; this can be your way to get into a thriving industry!
The #1 Financial Principle YOU MUST KNOW
Financial literacy is not just about knowing how to save your money.
Anybody can do that.
Financial literacy is about knowing how to USE money.
Look, we know that the average White family in the U.S. has 13 times more wealth than the average Black family1 with Whites at $144,200 compared with Blacks at $11,200.
The income of the average educated Black income is $43,300. For Whites, its, $71,300.
Do not be confused by the difference in wealth and income.
Wealth is the total sum of your assets (things you own with value i.e. houses, businesses, stocks) MINUS your total debt.
Annual Income is merely the amount of money you make in a year.
Of course, most of that wealth gap can be attributed to historical racial oppression:
The long history of Black exclusion by Whites from homeownership2, education3, and jobs4 worked to keep Black folks from generating and maintaining wealth.
But you knew the wealth gap existed before you read this.
That’s not why I’m here.
I’m here to tell you that real financial literacy is about knowing how to USE money & how to THINK with money. It’s using your money like little soldiers, sending your dollars out on a mission to recruit and capture more dollars.
Let me let you in on an often forgotten secret…
Black people save.
Black people are responsible.
Black people are tremendously intelligent.
The problem is not that we don’t know how to save money or that we only care about Jordans’.
The problem is that saving is not enough.
Saving is only one aspect of financial literacy.
It’s like you’re learning to read and write again- you finally learn where the Period goes in the sentence…Good. But there are key principles that you still need to know in order to actually become literate.
I want to share with you the # 1 key financial principle that you must know. It’s time to learn the rules of money. I’m so grateful someone shared the game with me back when I thought that if I just play by the rules, get my Master’s degree, then I’ll be alright.
Back when I didn’t understand the Rules of Money, I found myself standing in the EBT line like so many of our people. I was demoralized… I mean, I never went to jail, I got an education, a Master’s, networked, treated people nicely….
I never knew The System was not built to reward Black people for being educated and hardworking. The system was built for people who know and play well by the Rules of Money.
Like it or not.
That’s why I’m sharing this with you.
Still though, I hear too many people talking about how Black folks will never be able to overcome the wealth gap, how Whites will destroy whatever Black people build, or how there is nothing Black people can do to live better if government does not intervene. It’s infuriating to me.
The problem: These naysayers are often right.
However, this Does Not Mean that Black people should be doing NOTHING but marching.
Why? Because there ARE ways to GENERATE WEALTH for the average Black family if we understand the Rules of Money.
White folks are not stopping you from reading this. They will not stop you from investing, either.
You have tremendous Power.
If you start with the #1 financial principle, you can enhance what you know and generate wealth for yourself and our community.
The #1 financial principle I want to share with you is: LEVERAGE.
Let me ask you a question:
I want you to really imagine that debt collectors are knocking down your door, you’ve been stressing for months, your debts fall into default mode. You can’t sleep.
Let’s say your total debt is $60,000 (student loans, credit cards) & your total annual expenses are $40,000. You’re having a hard time finding work.
If you had $60,000 dollars in debt and you were given $100,000 to use any way you want, how would you spend the money?
Would you pay the $60,000 debt, then invest the rest in a business?
This decision shows a lack of understanding of financial principle #1- LEVERAGE.
If you completely pay off the debt right now, you just lost $60,000 and now only have $40,000 to work with.
$40,000 in free money sounds great don’t it? Especially to someone who couldn’t sleep only nights before because of crushing debt.
However, there is a bigger picture at work.
Financial Leverage= using a small amount of money to acquire assets that generate larger amounts of money.
You are going to purchase an ASSET. Assets are things that make you money. For example, when you purchase a stock, every year that stock will pay you just for owning it in the form of interest and dividends. This is what makes the stock valuable.
After you purchase the asset, you are going to make that asset pay off your debt for you.
Here’s What You Do With The $100K:
First, pay down your debt to the point where it falls out of default. THEN STOP. Let’s say this requires $10K.
You will keep up monthly payments so that you are slowly paying down your debt. Your monthly payments on this loan are $800.
Now you have $90K left. You are about to create a debt plan that applies LEVERAGE.
With the $90K, you go to a bank and finance a rental property. You will put 20% down on a property in a great, affordable location. The property cost $200K.
20% of 200K means that you will put down $40K to purchase the home. You’ve done your research and see that the mortgage payment plus all expenses is $950 (assuming a 3.5% interest on the mortgage).
You also know that you can rent out this property for $1950 a month.
This will create a profit of $1000 each month.
That means that you just used $40K to acquire a $200K asset. You generate $1000 each month off of the asset ($1950 rent-$950 you owe to the bank for the mortgage).
You use this $1000 a month to pay down your $800 monthly debt in credit cards/student loans. This is applying LEVERAGE.
Think about it- If it cost you $800 a month to pay down your $50K credit card and student loan debt, that means you will pay off the debt in 5.2 years.
Now how long will people be renting your house?
You will still be able to rent out your property even after your debt is paid off.
This means you have an asset consistently working for you even after it pays down your credit and student loans debts.
This is applying Leverage- you have purchased an asset that consistently generates money for you and you didn’t have to spend a lot to do it.
You spent $10K to get out of default, $40K to finance a property. You still have $50K left to invest in another property, stock, business, or seed through crowd-sourcing to your community.
If you would have paid off the $60K right away, you would only have $40K left, and no assets that are making you money. You would be in a financially worse position.
Much better than just paying down ALL your debt outright.
Right now, you’re thinking- “That’s smooth and all, but no one is about to give me $100K”.
The point is for you to get busy thinking about how you can LEVERAGE the money you do have in order to improve your future financial position.
Here’s what you can do today:
Purchase some stock– From the privacy of your own home, you can put money in the S&P 500 ETF (purchase thru Vanguard or any online trading platform). Interest is around 7%. That means that every 10.2 years, your money will double. So if you only put $1K in today AND NEVER PUT ANY MORE MONEY IN, in 10 years (on average), that $1K will turn into $2K.
However, if you put $1K in EVERY Year for 10 years consecutively, you will have $14,783. At the end of another 10 years, $43,865.18, if you continue for another 10 years, $101,073.05. This keeps on going.
In a total of 30 years, you will have generated $100K.
Keep in mind that only $30K is money you put in directly- $70K is pure earned compounded interest.
Let me put it another way:
At the end of 30 years…
you would have generated more than $100,000…
for less than $2.80 a day…
That’s using rule #1- Financial LEVERAGE in order to create large sums of money with very few dollars. Your money is working like little soldiers for you now.
Now, maybe some of you are saying- “I ain’t got 30 years to wait.”
First, you don’t need 30 years. Imagine if you could put $10K into the market instead of just $1K.
Imagine if you began crowd-sourcing to raise money directly for your business today.
Imagine doing both. Having a long-term strategy of disciplined investment in the stock market and a short-term strategy of starting your own business to generate income.
For people who think that Time is STILL a problem…
I’m sorry, but it’s not really about you.
Never invest in the market just for yourself.
If you have children, in 30 years, they may be able to use $100K to fund real estate, businesses, and invest in stocks.
Invest NOW for THEM.
The wealth gap between Blacks and Whites is staggering. This will likely remain the case.
That does not mean that you are powerless to enhance your financial future. If you understand the #1 financial principle- you can take steps to build Generational Wealth today.
We Black folks are good at doing a lot with a little.
Luckily, the rules of money DEMAND that you learn to do a lot with a little…
Sounds like you already got a leg up.
In order to develop cities all over the globe and accommodate more people, we need to put the power in front of regular people and not investors. Many billionaire investors have the resources and manpower to pull off amazing construction projects, but that doesn’t necessarily mean they should own those cities. There is another solution, and CrowdInvesting seems to be the answer here.
Instead of letting the major investors do the job here and invest massive amounts of money in this, a much better idea is to talk with the local communities. There are a lot of people that want to buy back the block they live in and who want to maybe move to a new city. Or there are plenty of smaller investors that do have some money to invest in new residential projects and urban cities, but nowhere near enough to solve the problems that might appear. And this is where CrowdInvesting can help.
By getting funds from people all over that region and maybe even from other places all over the world, CrowdInvesting allows regular investors or newcomers to the industry to get the job done and generate the cash flow needed for larger projects.
CrowdInvesting has managed to get a massive exposure in the past few years mostly thanks to media, and this did generate the money needed to fund various residential projects. But can this real estate investment strategy be suitable for developing new cities? As you can imagine, this can happen, and the resources needed for such a thing aren’t that hard to acquire, to begin with.
Maybe the greatest challenge that comes from CrowdInvesting is actually finding the right contractors that can pull this off. However, millions of small investors can generate large amounts of money, and they can even surpass regular corporate investors as well. It all comes down to finding the very best investment opportunity and asking the community to be a part of it. There will be many challenges to overcome in regards to developing urban cities via CrowdInvesting, but it can be done.
If the real estate world has shown us something, that would be the fact that urban cities can bring in some massive opportunities. It all comes down to the way you harness those opportunities and generate a good cash flow from them.
Buy the Block is a platform that allows you to perform CrowdInvesting for just about any type of property, be it commercial or residential. Thanks to the community, you get to become an investor and acquire the money you need to finance your own projects in the future. But even better, you get to help the development of new urban cities in record time. Crowdfunding and CrowdInvesting have shown time and time again that, with the right investors, every project can come to life. The real estate industry needs new investors, and CrowdInvesting offers the tools and means to bring plenty of new projects to life. Only time will tell if the results will be surprising or not, but the outcome will certainly be very well worth it. Hopefully, the crowd investment opportunities will increase in popularity and then we will be able to develop major cities without the need of major investors!
Join The Movement! Buy The Block
What does a real estate developer in Mississippi and a banker in New York City have in common? On the surface, nothing, but inside, both are gentrification fighters, having a burning desire to revitalize neighborhoods in Detroit, one house at a time.
How they got started
Two friends, Andrew Colom, 33, and David Alade, 29, left their jobs and together started a company called Century Partners. Both partners had previously thought deeply about inequities in the world and came to the conclusion that something needed to be done. While Alade initially was turned off about the idea of investing in Detroit revitalization, Colom visited Detroit and saw potential. He convinced his partner to join him.
Now the two black entrepreneurs are working hard to bring Detroit back. Their company buys abandoned homes in Detroit’s historic district and works with other African Americans in the neighborhood to invest in the rehab.
It’s a win/win situation because neighborhoods are getting revitalized which brings back value, and investors make money from their investment through rent paid after the rehab or by selling their homes back to Century Partners for cash.
More than revitalization
The goal of these two motivated entrepreneurs goes beyond gentrification. They want to see vibrant neighborhoods again with increasing values, but they also desire to create diverse neighborhoods. Building wealth in neighborhoods, one house at a time, is their approach.
Alade said they are “looking forward to seeing how it looks on the other side when home values go up and neighborhoods are vibrant again and abandonment is gone.”
For more details about their company, Century Partners, visit www.centurypartners.org
In recent times, financing business through crowdfunding has become very popular in all sectors of our economy. The talk about the term crowdfunding is no longer news; it means the collective efforts of individuals with a common interest to fund a venture organized by another entity, either an organization or an individual. This concept of crowdfunding has been in practice in areas such as relief operations after calamities, political campaigns, and scientific research among many others.
Today, the idea of crowdfunding has found its way into the business of real estate. The concept is all about, a company acquiring the funds they need by bringing in many investors to purchase small amounts of equity. This method of Real-Estate Investing has gained much attention from all and sundry that the Jumpstart Our Business Startups (JOBS) Act. With this regulation, Buy The Block is allowed to solicit funding from unaccredited investors to purchase their stocks in real estate.
Lately, individuals who are not entirely into business are fast becoming interested in crowd investing in real estate. At Buy The Block, with a little amount of money, no experience, people can afford to have a share in real properties; such as retail centers, corporate buildings, hotels and more. Buy The Block gives our community the advantage of not facing the hassles that accompany buying an entire property alone. Buy The Block investors share in the profits of the business without having to be part of the management of the estate from the comfort of their home.
In crowd investing, profit sharing timing varies. This depends on the type of property and the areas of investment. Profit sharing also depends on the policies set by Buy The Block. Some investments offer short term or quick allocation while other opportunities focus on long-term or ground up development.
With the ground-up development, the waiting period before an investor can expect their distributions will be twenty-four (24) months at most. On the other hand, the quick allocation system is cash flow intensive; this means investors can get their share of the profit as early as every month.
There are many advantages of Buy The Block crowd investing, low minimum and more transparency to start. Investors can invest in individual properties, various developments and are in charge of their selection of investments. Other advantages include community building, community development while being a part of the change needed to support your city. Also, the convenience of making these decisions from the comfort of your computer or phone. It understandable why Buy The Block crowd investing in real estate is becoming hugely popular.
For more information or to join the movement go https://buytheblock.com/.
Find Buy The Block on Facebook (facebook.com/buytheblock/),Website ( http://www.buytheblock.com/), Twitter (twitter.com/buytheblocknow) and YouTube (youtube.com/channel/UCCyowx8NEZsiXAZA6u7HeUg), watch the video (https://youtu.be/K6zLbx0pu94)
More than 100 local residents recently gathered together to celebrate the 60th anniversary of Naka’s Broiler, a Black-owned restaurant which also happens to be the first ever Black-owned business in Compton, California.
A lot has changed in 60 years
Naka’s Broiler was founded by Katherine Banks and her husband in 1956. Banks was a mother figure for many black students back then, and made sure they had a safe place to eat lunch, after which she ushered them safely back to school. It was a different era, filled with racism in the predominately white community. Even the location of the restaurant on the northwest edge was as far away from whites as they could get.
The restaurant was (and still is) across the street from Centennial School, where many black students came to eat after school. Interestingly, the school itself was also located at the far northwest edge of the city. Stanford history professor, Albert Camarillo, states it was intentional to keep black students away from Compton’s white students.
A good example for the community.
Local residents say that Banks has always been an excellent example for others as a Black entrepreneur and community leader. The celebration of the 60th anniversary of Naka’s Broiler included both teachers and students so that the students could learn about the history of the restaurant and it’s importance to the community.
The restaurant is still going strong, having been recently purchased by another local Black entrepreneur, David Fisher. Fisher says that she taught him well about the business, and that he feels like her adopted son.
Visit the restaurant at 961 W El Segundo Blvd, Compton, CA 90222 or learn more about them online at www.yelp.com/biz/nakas-broiler-compton/
The George Washington Carver Initiative was developed by our leadership team as a local initiative to assist Black Farmers within the state of Florida by encouraging individuals to shop for their Thanksgiving holiday needs at Stile’s Farmers Market located at 5920 W Oakland Park Blvd, Lauderhill, FL 33313. Stile’s Farmers Market is the only Black owned full service grocer in the State of Florida, and receives over 50% of their produce from Black or minority suppliers. The initiative has been well received and has enjoyed national attention from outlets such as The Griot (http://thegrio.com/2016/11/03/black-owned-grocery-store/), Michaelbaisden.com ,(http://michaelbaisden.com/thanksgiving-initiative-pushes-support-black-owned-grocery-store/), and hopefully now, we can receive your support as an NPHC leader. Your work in the community to provide inspiration, hope, and encouragement is greatly respected and appreciated. The importance of this initiative comes at a very critical time in our local and national community. We are requesting your support in encouraging your networks to shop at Stile’s Farmer’s Market for all their Thanksgiving needs this year in an effort to support the ONLY BLACK OWNED SUPERMARKET in the entire State of Florida, and one of the few within the entire nation.
To participate in our local initiative, we set up a Facebook invite page requesting organizations to direct their memberships to sign up for their shopping commitment this Thanksgiving holiday. Interested individuals would visit the Facebook event page at https://www.facebook.com/events/562383407290126/ and select to attend the event. We encourage churches, fraternities, sororities, restaurants, families, and individuals to commit to shopping Black this Thanksgiving!`
Why should you support The George Washington Carver Initiative
– Help to expand and improve the ONLY BLACK OWNED FULL SERVICE GROCERY STORE IN FLORIDA
– Help to improve the Black Food Ecosystem
– Help to eliminate unemployment within the Black Community
– Support Black Farmers
The Hungry Black Man
(786) 256-7363 Cell
Having successfully launched Buy Black Economics (the World’s Largest Digital Info Product Store dedicated to Black Businesses) as well as numerous other ventures, Lynn Da is excited to announce the creation of Buy The Block, an initiative that will allow individuals and groups to pool funds, share knowledge, and vote on properties in which to invest!
As the name suggests, Buy The Block is a web-based platform that is geared towards making investing in real estate easier. It presents an opportunity to invest with other connected investors and provides the added benefit of giving each investor individual ownership in the block.
Buy The Block is currently crowdfunding to take its operations to the next phase, through the development and deployment of a website, mobile app and buying the first block. To join the movement, click here: https://buytheblock.com/
With a good number of black Americans lacking access to viable real estate investment opportunities, Lynn views Buy The Block as the most logical step towards becoming better real estate investors/owners. Once adequately capitalized, the website and mobile app will empower users to start investing, having fun, and building wealth; as a vibrant and interconnected community.
“Buy The Block has been created to help my people invest. Our vision is to change investing from confusing and frustrating, to an accessible and enjoyable social experience,” said Lynn, concept developer for Buy The Block. “We want to create a new generation of connected investors who feel informed, empowered, and confident. The launch of our website and mobile app will certainly take group investing to a whole new level,” Lynn added.
Since 2010, Lynn has created an array of notable projects such as BBNomics.com (a black business crowdfunding site), 2MillionJobs.com (a black business jobs initiative), and Buy Black Economics Investment Group.
Buy The Block is the most recent social marketing concept from of the Cincinnati-based female entrepreneur. With less than a month left to raise $60,000 to $100,000 for the website and mobile app development–Lynn is confident that the community will unite to fully support this effort!
“Ultimately, by making a contribution to this campaign, you are helping Buy The Block reach the goal of creating a platform for our community to acquire and develop real estate” Lynn Da concluded.
Find Buy The Block on Facebook (facebook.com/buytheblock/), Website ( http://www.buytheblock.com/), Twitter (twitter.com/buytheblocknow) and YouTube (youtube.com/channel/UCCyowx8NEZsiXAZA6u7HeUg), watch the video (https://youtu.be/K6zLbx0pu94)
PROGRAM SHOWS BLACK ENTREPRENEURS HOW TO “BUY THE BLOCK” — MAKING REAL INVESTING EASIER THAN EVER
Paris is the capital and the most populous city of France. It is also one of the most romantic cities to visit. It has the Louvre, the Eiffel Tower, museums, fashion and restaurants. It is also home to these 7 amazing black-owned businesses:
#1 – Black Spoon: Owned by Fati Niang, this restaurant is the first food truck in Paris to offer African cuisine. Her dishes includes Yassa chicken with lemon served over steamed rice, and Tiep bou Dienn, a grouper filet served with carrots and cabbage.
#2 – Sakina M’sa: this fashion designer of Comorian origin uses recycled materials in her fashion designs. Her creations of high culture ecosystem fashions and dedication to ﬁght the social and economic exclusion of disadvantaged women earned her a Social Entrepreneurs Award in 2010 by the Kering Foundation.
#4 – Myriam Maxo: If its home decor you’re looking for, this shop uses African-inspired fabrics with abstract patterns and wax. The designer, Myriam Maxo (pictured above), offers contemporary designed furniture, decorative items and other odds and ends.
#5 – Présence Africaine: looking for a good book? This African quarterly cultural, political, and literary magazine, founded by Seneglese-born Alioune Diop in 1947, was the first imprint to publish most of the best known Francophone African writers of the 20th century. They are now both a publishing house and a bookstore.
#6 – Afrostream: this movie streaming service only features African and African-American content. It was founded by Tonjé Bakang Tonjehas who is known as “The Netflix of Africa”.
#7 – Alexis Peskine: this artist is a Parisian resident, a 2004 Fulbright Scholar who holds a B.F.A. from Howard University an M.A. and M.F.A. from the Maryland Institute College of Art (MICA). His work focuses on race and identity issues in France.
Jalen Bailey, an 8-year-old boy from Fresno, California is running his very own home-based bakery called Jalen’s Bakery where he sells everything from cookies to bread to pastries. He says his plan is to buy a house for himself and his mom, Sharhonda Mahan.
“I just love to bake”
As a natural entrepreneur and although still very young, he actually got started with baking while in pre-school when he used to helped his mom bake goods to give away to others for Christmas.
Their story, which has gone viral on social media, was recently featured in Peoplemagazine, and Baily told them: “I just love to bake. It’s fun! I want to buy a house with a pool and a big back yard and a kitchen, so me and my momma can bake and make memories.”
How he got started
His mom comments, “I used to bake sweet potato pies to get extra money for the holidays, and he was always in the kitchen, asking if he could help.” But she says her son quickly progressed to other ideas. “It got to where he could make his first peanut butter cookies all by himself,” she says. “He said, ‘Mom, I got this. I don’t need any help.'”
Making the first steps
When she realized just how serious he was, she sent him to a business workshop for kid entrepreneurs where he learned everything he needed to know about sales, marketing, and how to reach a target audience. Soon after, he obtain a business license from the city and legally formed his very own company.
Now, Bailey and his mom are taking and delivering orders everyday from local customers, but their goal is to soon be able to ship orders nationally and even internationally.
For more details about Jalen’s Bakery, visit www.jalensbakery.com
To make a donation to help him take his bakery to the next level, make an online donation at www.gofundme.com/2hvsjzas
Business expos are conventions or trade shows that provide local small businesses an opportunity to showcase their products and services. For many Black and minority-owned businesses, these events are very critical for them to network and find new customers.
Here are the top 10 Black and minority business expos across the country:
#1 – Southern California Black Business Expo: An advertising information and marketing resource that focuses on helping promote and increase the sales of black businesses to black consumers in southern California.
#2 – Indiana Black Expo Business Conference: founded in 1970 to support the accomplishments and achievements of African Americans throughout the state of Indiana. The highlight of the organization is the annual Indiana Black Expo Business Conference.
#3 – Memphis Black Expo Cultural Festival & Black Business Showcase: established in 1999 to provide an annual 5-day cultural celebration where local and national business owners can gather to showcase their products and services to consumers.
#4 – Madison Black Business Expo: supports black-owned businesses, clubs, organizations, and service providers throughout Madison, Wisconsin, by an annual community event that creates space for networking among black business owners.
#5 – Jackson Black Business Expo: provides a working network between the community and black-owned businesses in the Jackson, Mississippi, metro area.
#6 – Lexington Minority Business Expo: established in 2002 to help build business opportunities for black-owned businesses in the Lexington, Kentucky area.
#7 – Virginia Minority Business Expo: an annual trade show for Richmond, Virginia black-owned businesses that provides a central location for minority-owned businesses to showcase their product, services or innovations.
#8 – Boston Minority Business Expo: provides an annual forum for minority business owners to meet and exchange ideas as well as increase their business by networking with customers and other small businesses in the Boston area.
#9 – WRMSDC Minority Business Expo: the largest and longest running minority business expo in Northern California. The annual expo connects suppliers, buyers, and corporate representatives from across the states of California, Nevada, and beyond.
#10 – Triad Minority Business Expo: services minority-owned businesses across Winston-Salem, North Carolina, and the Southeast Region of the United States.
Black Expo America presents the 2017 New York Black Expo (place TBA) in 2017. Email firstname.lastname@example.org for more info. New York City newyorkblackexpo.com Joined November 2011
A new vodka will soon be hitting the shelves in South Africa. Distinkt Vodka, created by chemist Sibusiso Sibis, will be South Africa’s first Black-owned vodka brand.
Sibis started the company with four fellow entrepreneurs, and together they own 100% of the company. Their quality vodka is made from rich grain harvested from South African fields. It is touted as being a “product of excellence by South Africans for South Africans.”
A premium product at a fair price
Although the vodka is a premium brand, it is being sold at less than a premium price. Sibis hopes this combination will contribute toward his goal of dominating the South African vodka market with his high-quality brand.
Sibis and partners are from the South African township of Kagiso in Johannesburg’s West Rand, but Sibis is the only one that’s a chemist. As a university graduate-turned-entrepreneur, he is not only proud of their new product but also proud of the fact that their company has created something that will bring money back into the community.
Inspiration for others
Sibisi comments, “My friends and I wanted to create something that would create a legacy for our families and their next generations. We are passionate about Africans doing things for themselves. He calls it “economic emancipation” and explains that if he can do it, other South Africans can do it too!
For more details about Distinkt Vodka, follow the company on Facebook atwww.facebook.com/Distinkt-Vodka-496902690493718/
There are so many reasons why it is important to support black-owned businesses. Black-owned businesses represent just 7 percent of all small businesses in the U.S., but they create jobs and contribute to the economic strength of urban communities.
Many more people would like to support black-owned businesses by buying their products and services, but they often lack information on where exactly they are located. So, here are 7 websites and apps that will help you find and support black-owned businesses across the globe:
#1 – iZania.com: a social networking site for Black entrepreneurs, professionals, and consumers. The site includes a business directory, networking forum, online marketplace, blogs and more.
#2 – WhereYouCameFrom.biz: a local business search app with up-to-date information on black-owned businesses in the Atlanta area. The businesses are listed across categories and even ranked according to the number of referral counts received by peers.
#3 – WeBuyBlack.com: the largest online marketplace for black businesses and sellers. Black-owned vendors include clothing and accessories, jewelry, toys and games for children, health and beauty products, products for the home, and more.
#4 – Afroworld.org: is a website of global black businesses and black professionals. Their slogan is “We Help Afroworld Professionals and Consumers Connect.” The site allows consumers to search for African-American professionals and businesses by specialty or place and compare quotes, reviews, and profiles on each Afroworld professional.
#5 – BlackBusinessNetwork.com: Produced by Tag Team Marketing, this site specializes in marketing the products and services of black-owned businesses to black consumers. Business owners from all over the world can sell their products and services through the online store, and consumers can shop for products they know are made from Black-owned companies.
#6 – PurchaseBlack.com: an online marketplace to find quality products from selected Black-owned businesses. They also have a mobile app that allows customers to search black-owned products and services.
#7 – 2MillionJobs.com: an online initiative that encourages people to spend $20 every week with local and/or online Black businesses. Their goal is to create two million jobs for black workers and cut unemployment for blacks by the year 2017.
Take a moment to add your business to these sites. buyblackeconomics.com
Every year, Black Enterprise names one family-operated business as “Family Business of the Year.” This year’s prestigious award went to Nashville, Tennessee-based cupcake company, The Cupcake Collection, owned and founded by entrepreneur Mignon Francois.
The Cupcake Collection was started by Francois in her own kitchen in 2007. By 2008, she opened a boutique-style bakery in Nashville, Tennessee’s historic Germantown area. The bakery specializes in home-made cupcakes and wedding cakes. By 2015, Francois’ business reached over $930,000 in revenue, with sales expected to go over $1 million within the next couple of years.
Her cupcake collection includes yummy sweet potato, strawberry, sweet lemonade, pineapple upside down, key lime coconut, red velvet, carrot cake, and many other flavors that will make your mouth water.
Chemistry at work
Francois used the knowledge of chemistry she gained in college to come up with her baking formulas, such as the sweet potato cupcake which is one of the favorites at her bakery. But it was more than just baking knowledge that earned The Cupcake Collection the Family Business of the Year Award.
It was determination, innovation, experience, and expertise. Francois has 6 children, and all her children are involved in the business, including running the register, baking cupcakes, and creating the company’s business plan.
Every year since 1997, Black Enterprise recognizes and awards African American entrepreneurs for successful small business accomplishments. In addition to Family Business of the Year, awards are presented for Franchise Company of the Year, Techpreneur of the Year, and Teenpreneur of the Year.
To learn more about the Cupcake Collection and/or to place an online order, visit www.thecupcakecollection.com or follow them on Facebook at www.facebook.com/cupcakecollection/
Doll making has been around since the ancient civilizations of Egypt, Greece and Rome. The first usage of dolls as toys has been documented in Greece around 100 AD. The most well-known doll makers and designers in the U.S. include Mattel, Hasbro, and others. But there also many African and African American entrepreneurs that are in the business!
Here are 7 of the top Black-owned doll makers and designers:
#1 – Trinity Designs: This Texas-based doll maker began making African American dolls in 2001. Their product line includes dolls that capture the image and character of the African American sorority sister, as well as adult, collectible dolls, which can be purchased online.
#2 – Uzuri Kid Kiz: This doll maker is based in Columbus, Ohio, and has been making dolls that reflect the African American culture since 1997. The word “uzuri” means beauty and expresses the company’s belief that all kids are beautiful, no matter what color or race they are.
#3 – Queens of Africa Dolls: This Nigerian-based company makes dolls (pictured above) and doll accessories that promote the African heritage. Their dolls have both natural and braided hair and are dressed in clothing made from African colors and prints. The dolls are available worldwide, but are especially popular in Nigeria, where they are said to be easily outselling Barbie® dolls.
#4 – Tonner-One World Dolls: This company’s slogan is “We are pretty girls, and we rule the world.” Founders Trent T. Daniel and Stacey McBride-Irby (who former designed Barbie® dolls for Mattel) created a multi-cultural line of girl dolls in 2010 to fill a gap in diverse representation in the doll industry. They are based in Houston, Texas.
#5 – Double Dutch Dolls: Double Dutch Dolls designs and produces a line of multi-cultural dolls, books, and accessories for girls ages 8 and up. The dolls are African-American, Hispanic, Biracial and Multiracial. The company was founded in 2013 and is based in Marietta, Georgia.
#6 – Positively Perfect Dolls: The company was founded in 2010 by a mom and former professor as a way to encourage young girls. The dolls, which are available in local Target and Walmart stores, are designed to “encourage dreams, promote intelligence, challenge perceptions, and open hearts to all types of beauty.”
#7 – EthiDolls: This company makes authentic, collectible African-American signature dolls and accessories that embrace African heritage, culture, and history. The company was founded in 2003 by two women Ethiopian entrepreneurs from the New York City area. Their goal was to develop a line of culturally authentic and unique Signature Dolls and Accessories that teach history and celebrate cultural diversity.
Black doll enthusiasts are also encouraged to visit The National Black Doll Museum in Mansfield, Massachusetts. The museum was founded in 2012 and is the first museum in New England and the second museum in the nation dedicated to preserving the history of black dolls. For more information, visit www.nbdmhc.org
Barbecue restaurants (also known as BBQ joints, spots, pits) serving dishes like pork rib, cole slaw, potato salad and more have long been popular among African Americans, and there are many Black-owned ones located across the country. Several, however, have been around for quite a few decades and were even frequented by civil rights heroes like Martin Luther King, Jr.
#1 – Bar-B-Q Shop: Located in Memphis, Tennessee, this joint is known for its acclaimed sauces & dry seasonings top ribs, spaghetti & pork sandwiches served on Texas toast. Many say that barbecue spaghetti, one of the city’s signature dishes, got its start here.
#2 – Brenda’s Barbeque Pit: Located in Montgomery, Alabama for nearly 75 years, Brenda’s Bar-B-Que Pit is the fourth-oldest barbecue joint in the state. Since opening in 1942, the west side staple has witnessed Montgomery’s changing history, at times seeing it first-hand.
#3 – McMillan Bar-B-Que: This joint in Mobile, Alabama, was established after Hurricane Frederick destroyed the gas lines to the family’s service station in 1979. Now, however, it is run by a second generation of the family. The owners cook toothsome pork ribs over oak wood in a brick-and-plaster pit that the family built themselves.
#4 – Bunyan’s Bar-B-Q: Located in Florence, Alabama, this restaurant is known for what the Washington Post calls its “sensational mustard-based hot slaw”. It’s a cozy, retro-style pit stop for hot dogs, beans & chicken, and renowned foodist Michael Twitty has called their barbecue “edible jazz.”
#5 – Tony Morrow’s Real Pit BBQ: Located in Atlanta, Georgia, this restaurant (pictured above) is known as a brick-walled spot that plays old R&B music. The diner features cowhide-adorned seats, and a delicious menu of BBQ & Southern standards. They are specifically known for their outstanding lemon-pepper ribs and moist red velvet cupcakes.
#6 – Lannie’s Bar-B-Q Spot: Located in Selma, Alabama, this black-owned restaurant is, according to The Washington Post, “a meticulously maintained, high-ceilinged, white-walled neighborhood restaurant” that’s been around for about 75 years. It’s also known for being a local community center.
In 1910, African Americans owned nearly 20 million acres of land in the United States, most of it rural farmland. Today, they own less than 8 million acres. In Detroit, where the population is 83 percent black, black farmers want to own land and grow their own food but they have one big problem — it’s almost impossible for them to buy land!
The real problem
The problem is not that Detroit (and other cities in the state of Michigan) don’t have enough land to go around. Detroit has enough acreage to fit all of Manhattan, Boston, and San Francisco. The problem is that most of the land is controlled by speculators and investors, making it difficult for small, black farmers to purchase their own land. Detroit’s City Council is approving the purchase of prime land at below market prices, shutting out black farmers.
Malik Yakini, executive director of the Black Food Security Network, tried to purchase land to build a farm, and after two years, the most he got was a 10-year agreement to use the site. He was unsuccessful in purchasing the property.
Not enough help
The Detroit Land Bank initiative was designed to allow purchasers to buy empty plots of land next to their homes, which they could use to grow their own food. The program has sold 4,000 lots, which might seem like good progress. However, it is a drop in the bucket to the 97,000 lots that are still owned by the city. And it does not help farmers who want to purchase larger lots not next to their homes for growing larger quantities of food.
The whole deal smells like rotten tomatoes. “Food is essential to a quality life, and the fact that it is not available to black people is disheartening and crushing,” says Bianca Danzy, a student farmer at the urban farm Earthworks.
The black population wants to gain access to fresh, healthy food, but the location of many supermarkets are not providing access since one-third of Detroiters do not own a car. All they want is land so they can produce their own food and have a chance to increase their quality of life.
Local urban farming organizations to know about:
Detroit Black Community Food Security Network – www.detroitblackfoodsecurity.org
D-Town Farm – www.d-townfarm.com
Keep Growing Detroit – www.detroitagriculture.net
Detroit Food Justice Task Force – www.detroitfoodjustice.org
Southeast Michigan Producers Association (SEMPA) – www.sempafarmers.com
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
The home décor industry has gone through loads of changes in the last couple of years. Despite the recent economic downturn, its market growth has shown no signs of slowing down.
From the emergence of brands like Ballard Designs, C&B, and Anthropologie, not forgetting heaps of other global materials that have found their way into people’s homes, now the latest development in the home décor business involves the use of African prints and designs for homes. LakayDesigns.com, based in Miami, Florida, is the new pacesetter.
Owned by savvy entrepreneur Jojo, LakayDesigns.com is a first of its kind African Decor Business that is dedicated towards restoring the rich cultural heritage of African designs to homes, as well as adding the beauty of African ‘colors’ to the everyday life of African Americans.
Renowned as a provider of unique home décor services, their products which covers the; Kitchen, Bathroom, Living Room, Dining Room and Bedroom Essentials, is quickly becoming a favorite for conscious African-Americans in the USA, Caribbean and even the United Kingdom.
“After taking a careful look at what was already available in the home décor industry, I decided to produce an enviable line of product offerings that would make an impact, and which everyone could have 100% confidence in,” Jojo explains.
The company has created an innovative distribution channel by selling direct to wholesalers and retailers via their website. It is noteworthy to mention that most orders placed by 1pm are shipped on the same day.
Additionally, the LakayDesigns.com wholesale program features a low-cost system for other entrepreneurs to get involved in a fast growing business. They also have an affiliate program where affiliates can earn as high as 20%-40% commission on any sale they refer, which can add up fast.
“We’re helping to empower organizations in the community with our specialty items, which in turn generates income and pride back to the community,” says Jojo.
“I’ve had calls from all over; US, Canada and the Caribbean. Plus, the website has received requests from England, and loads of other European countries,” Jojo explains.
The company’s African print designs are available globally through the website and from authorized wholesalers. “I bought one a while back, my mom took it from me. They’re excellent material and the big pockets are very useful. Very satisfied with the purchase, now I just need to get another for myself again,” says Princess Dixon, one of their numerous satisfied customers.
Always on the cutting edge, LakayDesigns.com has a new line of Bath, Bedding, Kitchen Essentials and Home Decor that would be released and available for purchase very soon. To learn more about their line of products visit http://www.lakaydesigns.com/store.html
“Home is Home! Small batch manufacturing and distribution of African print designs for your home as well as everyday life.
LaKay Designs is a way for you to jazz up your home or business with gorgeous unique one of kind pieces. Our African print fabrics have the capacity to inspire the most intriguing conversation. Our designs set the tone for your culture.
We know YOU’RE different; you set your own standard! Show off your unique style with LaKay. LaKay means ‘Home’ in Haitian Creole. Support black business.”
To know more about Lakay Designs, visit – http://www.lakaydesigns.com/about.html
If you’ve followed BBNomics or Buy Black Economics social media networks, you know we are kicking up our efforts to raise awareness about Black Businesses. We’ve launched our first annual campaign to support businesses that support our communities. We are utilizing Crowdsourcing to find these black businesses and their customers. All throughout July customers can Nominate a Black Business that exceeded their expectations!
This contest will allow black businesses gain access to capital and garner support from our community, meanwhile rewarding all contributors with prizes for their nominations and support. Do you know of a black business that supports the community? Did you visit a black business that fulfilled your need immediately and had impeccable service? Let us know!
By appealing to our customers, we hope to grow our community of supporters and to increase business awareness, especially among our young people.
Here is your chance to win the following:
- 1st Prize Buy Black Economics Pop Up in your city and your location
- 2nd One Year Platinum Business Listing on Buy Black Economics *value* $600*
- 3rd Prize winner will receive $100 gift card from our favorite BOB.
- 4th Prize Four (2) fourth place winners will receive a $25 gift card to several BOB’s.
Each Black Business Nomination, during the month of June will enter the entrepreneur and the nominee in a drawing for a chance to win prizes. You can nominate businesses in the comment section below.
Each time you nominate a (BOB) Black Owned Business, during June, the nominee will be added to the drawing.
You may nominate people/businesses in one category, a few select categories or every category. Please provide as much of the information requested as possible so we may notify your nominee of their nomination and instruct them on next steps. We do not share with nominees who actually nominated them. You may nominate as many deserving people/businesses as you like in the same category but will have to submit a new form for each one.
You will be able to nominate businesses in any or all of the following categories:
How you’ll Enter:
- Write a compelling story about how a Black Business “Wow’d” you.
- Share the story with us via email, fb, twitter, linkedin, instagram etc..
- Tell the business you entered them in Buy Black Economics 2nd Annual Black Business Contest.
Each nomination received will be entered in a drawing, each entry earns prizes mentioned above. BBNomics & Buy Black Economics method helps us all by creating much-needed jobs, entrepreneurs and something for our community members who support these endeavors.
Want to nominate more than one business? Great! Each additional nomination will get you another entry, plus there are extra prizes at for multiple nominations. The more you nominate the more prizes you are eligible for. A thank-you from BBNomics & Buy Black Economics Team, a free spotlight of your business all year round and a custom-designed t-shirt and much more.
Remember, BBNomics uses 100% of its publicly raised funds to help speed access to capital for up and coming young black entrepreneurs. This contest-driven model allows BBNomics & Buy Black Economics supporters to win prizes while helping to build our community, one business and organization at a time.
The contest starts June 2nd, 2016 and end July 28th, 2016 at 11:59 pm eastern time, so enter now and share it with your friends and family!
- Website: https://buyblackeconomics.com/
- Twitter: @buyblkeconomics
- Intstagram: https://www.instagram.com/buyblackeconomics/
- Pinetrest: http://pinterest.com/
- Facebook: https://www.facebook.com/bbeconomics/
Rules & Guidelines:
- Contest valid ONLY at BBNomics & Buy Black Economics (and social media networks), no other site will qualify.
- No limit to the number of black businesses you can submit to enter the contest.
- Winners will be randomly selected on July 28th, 2016 and contacted via email or phone the week of August 13th, 2016
- Winner’s prizes will be mailed from BBNomics. BBNomics reserves the right to choose a new winner.
- BBNomics reserves the right not to select a winner if, in its sole discretion, no suitable entries are received.
- Employees, Family member of employees and Partners of BBNomics are ineligible to take part in the contest.
- Any prize, awards, rewards will be sent to the our contributors after the contest ends and no later than January 28, 2017.
Thank you and best of luck!
Disclaimer: (Businesses Must have at least 1 year in business, with a track record of success, and a strong outlook for 2017) and nominated by a customer. Businesses can not nominate their self.
BUY BLACK ECONOMICS
2ND ANNUAL BLACK BUSINESS CONTEST
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.
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…
When Sibongile Sambo, a 42-year old woman from South Africa, was told by South African Airways that she did not qualify for a flight attendant position because she did not meet their minimum height requirement, she decided to take matters into her own hands.
She became an entrepreneur, and started her very own airline called SRS Aviation, and until this day, her company is the only Black woman-owned and operated aviation company in Africa.
So, how did she do it?
Starting an airline is not an easy or cheap thing to do, but despite this, she was still able to get it off the ground.
First, she formed her company and gave it the name of SRS Aviation. Then, she bid and won a contract for cargo transport issued by the South African government and formed a partnership with MCC Aviation – a South African-based fixed & rotor wing charter operator. Finally, she sold her car and cashed out her mother’s pension to help her obtain an Air Operating Certificate from the South African Civil Aviation Authority (CAA). It wasn’t an easy process, but she was able to raise the needed capital and make it work!
Now, Sambo’s company offers their clients professional and personalized flight options to destinations in Africa and around the world. Their services include VIP charters, tourist charters, cargo charters, game count & capture, and helicopter services. Her customers pay anywhere from $1,000 USD to $200,000 USD per flight.
Sambo’s vision is to be the number one choice in affordable air service solutions for individuals and businesses, locally and worldwide, by providing an unparalleled air service. She also aims to uphold the highest safety standards.
When it comes to giving back to her local community, she is also very passionate about helping young people by sharing her knowledge and expertise. During a recent interview with CNN, she commented, “I’m where I am today because somebody invested in me. It’s my opportunity now to invest in other people.”
For more details about SRS Aviation, visit www.srsaviation.co.za
Watch the video below:
After a Century in Decline, Black Farmers Are Back and on the Rise
Blain Snipstal and Aleya Fraser
Farm:Black Dirt Farm Collective
Location: Preston, Maryland
Number of Years Farming: 7
Revered Elder: Harriet Tubman
About 80 miles southeast of Baltimore, Black Dirt leases 2 acres that long have been home to the Black freedom struggle. Harriet Tubman once rescued her parents and nine other people from enslavement in this place, which was one of the first stops on the Underground Railroad.
Eugene Cooke and JoVanna Johnson-Cooke
Farm: Grow Where You Are Collective
Location: Atlanta and Stone Mountain, Georgia
Number of Years Farming: 14
Revered Elder: Wangari Maathai
Collaboration is also key for the nine members of the Grow Where You Are collective, who operate a 3-acre farm and food forest in Atlanta, as well as a 5-acre farm in the nearby rural community of Stone Mountain.
Farm: Hattie Carthan Herban Farm
Location: Brooklyn, New York
Number of Years Farming: 16
Revered Elder: Hattie Carthan
Yonette Fleming’s passion for agriculture comes through in the poetic urgency of her words. So it’s surprising to learn she once tried to escape it. She was raised in Guyana, where her family cooperated with indigenous communities to grow coconuts, sugar, rice, and other crops. She took a detour into corporate America before finding her way back to the land.
Farm: Tuskegee United Leadership and Innovation Program (TULIP)
Location: Tuskegee, Alabama
Number of Years Farming: 2
Revered Elder: Booker T. Washington
The educator and activist Booker T. Washington once sent a letter to every resident of Tuskegee’s Greenwood neighborhood, encouraging them to grow home gardens in order to build self-sufficiency. Through her work with TULIP, Lindsey Lunsford is continuing his legacy.
Farm: Community Farm and Food Resource Center at Bantram’s Garden (a project of the University of Pennsylvania’s Agatston Urban Nutrition Initiative)
Location: Philadelphia, Pennsylvania
Number of Years Farming: 12
Revered Elders: Rufus and Demalda Newsome (his parents)
Before the “food justice” movement existed in the United States, Black farmers in the Mississippi Delta were cooperating to feed the community. Raised by farmers in that movement, Chris Bolden-Newsome assumed that growing food was something everybody did and was shocked to find otherwise when he moved north. He now manages a 50-bed community garden in his current home of Philadelphia, where he reconnects Black people to their agricultural heritage.
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
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.
An increase in Black-owned businesses in any local area will result in a decrease of crime, according to Karen Parker, professor of sociology and criminal justice at the University of Delaware.
Parker is also the author of the 2013 study, The African American Entrepreneur – Crime Drop Relationship: Growing African American Business Ownership and Declining Youth Violence, and she says that when we address unemployment, poverty and joblessness in urban areas, we are also addressing the crime rate.
Is she right?
It seems so because according to the finding in her study, since 2001, Black-owned businesses have increased by 60 percent (from 1.1 million businesses to 1.9 million), and the crime rate in those areas that have high volumes of Black businesses has decreased by 29 percent. Why?
Researchers point to three primary reasons for the cause-and-affect discovery.
- Black-owned business owners serve mentors and positive role models for black youth in particular
- Black-owned businesses raise morale throughout their communities
- Black-owned businesses create more local jobs and economic opportunities for African Americans that reverse poverty
Influence is more than economic
Like other business owners, black business owners are very much involved in their communities through business and social organizations, churches and schools. They support the black community by hiring black employees, bringing jobs and infusing more money into their communities.
But it is more than that! Black-owned businesses are a powerful influence to youth and others. They demonstrate that, if they can do it in spite of huge obstacles, others can do it, too. They bring not only economic advantages, but hope.
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.
It is no secret that there is a severe shortage of blacks in Silicon Valley. Although more and more minorities are graduating from college with degrees in computer science and computer engineering, many are not getting hired — even though they qualify.
Here are 6 black technology companies that support high-tech job opportunities for black youth:
#1 – Black Girls Code: this non-profit organization established in 2011 offers workshops and after-school programs to young girls of color with the goal to grow the number of black girls seeking careers in technology. The organization teaches young girls in underrepresented communities skills such as computer coding and programming languages.
#2 – New Me, Inc: this company was started in 2011 by Angela Benton, technology expert and entrepreneur. The company teaches entrepreneurs, particularly women and minorities, to identify and use their non-traditional backgrounds to create thriving businesses.
#3 – Teens Exploring Technology: this organization helps young men of color from low-income communities to learn skills that will turn them into technology leaders. The organization was established in 2010 and their programs are open to young men of color from grades 7 to 11.
#4 – NSBE, Jr: this organization helps young black students envision themselves in STEM careers (science, technology, engineering, mathematics) by providing students in grades 6–12 with fun, educational STEM activities and events. They also offer NSBE and corporate-sponsored scholarships to students entering college to major in STEM fields.
#5 – All Star Code: this non-profit organization prepares young men of color for careers in technology fields. Their programs provide mentorship, exposure to the technology industry, and intensive training in computer science. The program is located in New York City and is FREE for all accepted students and includes daily transportation and lunch.
#6 – Yes We Code: the goal of this organization is to help urban youth create promising futures in technology. The Oakland, California organization’s goal is to make 100,000 young black men to be the best computer coders in the world. The program focuses on giving technology skills to low-income youth.
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
Read more: http://www.nola.com/dining/index.ssf/2016/04/burnell_cotlon_9th_ward_grocer.html
Small businesses represent a very important aspect of our entire economy. The same is true about businesses owned by African Americans and other minorities. There are many people in America who really do want to support black businesses, but they may have no idea how to go about it.
Here are three great ways in which we can all lend support to black-owned businesses.
#1 – Look for them: it may take some homework to identify black-owned businesses because they are not as abundant in communities. Maybe you have to drive a little further, but know that by doing this, you are supporting a black-owned business.
#2 – Try something new: this is a great opportunity for consumers to mix it up and try different products and services they may end up liking even more than those they were used to purchasing from mainstream businesses. Nix the stereotyping and respect black products.
#3 – Recommend them to others: whether it’s word of mouth, social media, recommendations to friends, or actually taking the initiative to reach out to a black-owned business, do it. Whenever you have the opportunity, promote a black-owned business.
It’s not enough just to avoid discrimination
Not discriminating is, without saying, absolutely necessary. But taking positive action to reach out and include black-owned businesses in your B2C or B2B plans is an action that will make a difference. You will be not only supporting black-owned businesses but also showing them that black economy matter as well.
2 Million Jobs Movement!
When it comes to supporting black-owned businesses, we often think of all the retail industries, restaurants, hair care, financial services and other types of industries that are owned by blacks. But there are other industries to also keep in mind, like fitness centers.
Getting in shape is the goal of millions of Americans, and there are so many successful, black-owned fitness businesses that are good at it, and make it fun, too. Here are the top 7:
- KTX Fitness – these Atlanta-based fitness centers are led by Keith Thompson whose trademark is cycling to urban and hip-hop music. The centers also offer boot camps, step classes and total body workouts. Their classes also travel to places like D.C., NY, Cincinnati, and Toronto.
- Mr. Shut Up and Train – Rahman Grayson leads this Atlanta-based fitness program that offers free workout plans. Grayson offers fitness challenges as well as personal training services that are designed to push people out of their comfort zones in order to accomplish their fitness goals.
- Black Girls Run – launched in 2009 by Toni Carey and Ashley Hicks, Black Girls Run now has 69 running groups in 30 states across the United States. Their goal is to help African Americans fight obesity and stay fit.
- Brukwine – this fitness company, founded by dancers Tavia and Tamara, combines a very rigorous routine of dancing and workout. For those who want to learn Caribbean dance as a way to stay fit (Rihanna, Beyonce, Jennifer Lopez like it!), classes are currently being held in New York.
- Shaun T – is one of the most popular fitness gurus. His fitness infomercials include Insanity, T25, Hip Hop Abs, and Rockin’ Body, and he has sold 10 million DVDs. He tailors his workouts to fit every one’s style and makes it fun, too.
- Black Men Run – helps black men fight against cardiovascular disease and stroke by scheduling running/jogging events in cities across the U.S. The organization started in 2009 to develop a healthy brotherhood for African American men.
- JJ Smith – is a popular nutritionist, certified weight-loss expert, and author who shares advice about losing weight and getting healthy. She has appeared on shows such as The Steve Harvey Morning Show, The Montel Williams Show, The Jamie Foxx Show, and The Michael Baisden Show and has been featured in magazines such as Glamour, Essence, Heart and Soul, and Ladies Home Journal.
What is happening to black-owned bookstores? By 2012, 66 percent of black-owned bookstores in America disappeared. Since that time, half of the remaining bookstores have also gone away. Is it something black bookstore owners are doing wrong? Not necessarily, according to The National Endowment for the Arts.
What is happening to black stores everywhere
The fact that black-owned bookstores are closing everywhere is not necessarily a negative reflection on the owners. One of the biggest problems in America right now is that people are not reading as much anymore. The National Endowment for the Arts stated as far back as 2004 that “…literary reading in America is not only declining among all groups, but the rate of decline has accelerated, especially among the young.” If reading is on the decline, bookstores are no longer a viable business.
There are, of course, other causes for the close of black bookstores, such as a weak economy, rise in rent costs for bookstore owners, and bad business management. But the largest, most contributing factor appears to be also the most disturbing factor, and that is the lack of interest in reading books. Even web sites that feature books by African Americans and about the African American culture are suffering.
With other sources of information available now through technology, black and white bookstore owners are facing a tough business environment. Some have suggested that, instead of just books, bookstore owners need to be creative to get people in the door by selling other products they would be interested in. Others have speculated that black bookstores have added to their demise by focusing just on the black community and need to expand their products to include books of interest to a wider community.
Friday, March 25, 2016 at 6:00 PM we will take the #2MillionJobs campaign on the road to support a local black owned bookstore. #EachAndEveryFriday #SupportBlackBusiness Help us save black owned book stores!
What do you think?
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.
Let’s get our youth involved in business. We encourage you to work with our children this summer and aid them in starting their own business. Also, if you currently own and operate a business or businesses teach our children to play an active roll in your company. Please take pictures, record videos create social accounts for our children to spread the word.
Kids can learn how to prepare for the future by running their own business. It can also help build their confidence.
Give your child some food for thought when it comes to deciding on their kid business idea:
-What are their interests?
-Do they like to work alone, with other kids, adults?
-Do they like work outside (like at the pool?)
-Do they have any interests in sales?
-Is there a best friend they want to partner with?
-Can they help with your own family business?
“We must teach our children to dream with their eyes open”….Harry Edwards
Here are some tips to planning your own ‘Black Youth Entrepreneurs Expo”:
- First decide how the money will be handled, since you are working with children maybe using tokens or tickets in exchange for currency in order for people to purchase good and or services.
- Next, find a location that can host several youths at the same time, if this is your first time, try someone with a huge backyard. Make certain where the event is going to be held is accessible.
- Third, get interested parents together, choose date and time. Note* try not to make the event longer than three hours, they are children and their attention will wonder after a few hours.
- Finally, each youth with their family need to decide what to sell.
Here are some additional resources below to engage our children in their entrepreneurial endeavors.
ORGANIZE BLACK YOUTH ENTREPRENEURS EXPOS IN 2016
Business For Kids
Teaching children about business at a young age is important for the future of business as a whole. When kids are taught the specific lessons of money management and organizational skills, they can not only apply their skills towards building a business for themselves, but they can also apply the skills they have learned to their personal lives. Once your children become of age to start their own business, they can start off by building a lemonade stand and managing the money they have earned. There are also other business ideas for kids at a young age such as dog-walking or craft-making.
Business Lesson Plans
- Money Instructor: Career, Work and Business Lessons: Lessons related to career, work and business.
- Teach-Nology: Economics, Business Lesson Plans: List of lesson plans for business and economics.
- Lesson Planet: Business Lesson Plan: Lesson plan provided by Lesson Planet available and modified for a variety of age groups and grade levels.
- National Geographic: Lesson Plans: Lesson plan on locating a place to build a business.
- University of Tennessee at Knoxville: Entrepreneurship-Is It For Me?: Detailed lesson plan information on entrepreneurship.
- Consortium for Entrepreneurship Education: Entrepreneurship Presentation Matters: Information on entrepreneurship including curriculum information.
- Nebraska Entrepreneur: Creating Your Own Career: Detailed collection of lesson plans on creating your own career.
Money Management Lesson Plans
- University of Minnesota: Money Management Strategies: PDF document provided by the University of Minnesota on money management activities.
- Character Education: Personal Money Management: Link to free lesson plans for money management.
- Money Management: Lesson Plans: Various money management lesson plans.
- The Teachers Corner: Money Lesson Plans; Resource list to additional money management lessons for kids.
- Lesson Planet: Money Management Lesson Plans: Teacher-approved money management lesson plans for kids.
- Ohio State University: Manage Your Money: Study at home course for money management.
- Practical Money Skills: Lesson Plans: Lesson plans designed to teach kids about money management.
- Kids: Money: Resource to additional sources for money management information.
Business Games for Kids
- Primary Games: Lemonade Stand: Link to interactive business game that teaches kids how to run a lemonade stand.
- PBS Kids: Be Your Own Boss: Games for kids to run a dog walking business, car washing service or comic book publishing.
- Disney: Hot Shot Business: Link to educational games for kids about businesses.
- EA: Monopoly Game: Link to the online version of Monopoly.
- Teaching Kids Business: The Business Game for Kids: Online game that allows kids to build a business.
- 123 Games: Amuse Park: Game for a kid that allows them to run their own amusement park.
- World Online Games: Top 50 Business Games: Resource for online business games for kids.
- Soft 82: Business Flash Games: Collection of flash business games for kids.
Business Ideas for Kids
- Homeschool Entrepreneur: Business Ideas for Kids: Article in ideas for kids to start a business.
- Show Kids the Money: How to Start a Craft Business: Directions for starting a craft business for kids.
- eHow: How to Start a Business for Kids: Article that instructs how to start a business for kids.
- Entrepreneur: How to Start a Kid-Focused Business: Start-up guide on how to start a kid-focused business.
- Money Instructor: Kids Starting a Business: Information on how kids start a business and setting realistic goals.
- Gaebler: Ways for Kids to Make Money: Ideas for kids to make money by starting a business.
- Business News for Kids: Website dedicated to business news for kids.
- PBS: These Kids Mean Business: Article on kids who have created businesses.
- Time for Kids: Business Letter: Article on how to write a business letter for kids.
- Free Printable Business Cards: Kids Business Cards: Resource to design and purchase business cards for kids.
- Inc.: How to Teach Your Kids to Take Over the Family Business: Article on teaching kids to take over family businesses.
- Business Week: Business Courses Give Kids a Leg Up: Informational article on teaching youths the fundamentals of business.
- Smart Kids 101: Preparing the Heart and Mind of an Entrepreneur: Training course for preparing kids for business.
ORGANIZE BLACK YOUTH ENTREPRENEURS EXPOS IN 2016
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
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
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!
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
#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
#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
#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
#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
7957 N.E. 2nd Ave.
20356 NW 2nd Ave (441)
#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 here. 100 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
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
#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.
#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.
#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.
#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!
100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR
To be added to this list and others, click here [ ].
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:
- Health care and social assistance – 365,140/ 20 percent
- Other services, including repair, maintenance, personal and laundry services sectors – 358,443/ 20 percent
- Administrative Support, waste management, and remediation services – totaled 216,763/ 11 percent
- Transportation and warehousing – totaled 168,386/ 9 percent
- Professional, scientific, technical – totaled 163,761/ 9 percent
- Retail – totaled 148,181/ 7.8 percent
- Construction – a total of 125,818/ 6.6 percent
- Real estate, rental, leasing – totaled 92,655/ 4.8 percent
- 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/
It’s official; the growth in the number of businesses owned by black women is off the charts! The growth has reached 322 percent since 1997. In fact, businesses owned by African-American women represent the fastest growing group of entrepreneurs in America, according to a new study.
African-American women the fastest-growing entrepreneurs
The latest report, the 2015 State of Women-Owned Businesses Report, showed that black, women-owned businesses grew 1.5 times more than the national average for business growth between 1997 and 2015. Their skyrocketing success has resulted in:
- Generating $52.6 billion in revenue
- Employment for 300,000 people
Black women own almost half of all black-owned businesses
Black women own about 14 percent of all businesses in the U.S., or approximately 1.3 million businesses. They are also the owners of 49 percent of all the black-owned businesses in the nation. And as their businesses grow, so does their clout. In states such as Georgia (35 percent), Maryland (33 percent), and Illinois (22 percent), these entrepreneurs represent greater percentages of women-owned firms than the national average, which is 14 percent.
Given the steady growth of black-owned women businesses, it’s likely that we will continue to see these numbers grow, along with increased economic power and influence for these amazing entrepreneurs.
In America, the cosmetics industry alone rakes in about $55 billion per year, according to Statistica, an online research and data source. Forbes also reports that globally, the beauty business is at $382 billion. Most people immediately think of Estee Lauder, Revlon, and MAC, but here are 8 black-owned brands of cosmetic/ makeup products you should know about:
#1 – IMAN Cosmetics: this popular brand is owned by supermodel Iman who started her beauty products company in 1994. Designed for African American, Asian, Latina and multi-cultural women, the company markets its products in the U.S., Canada, Europe, Africa and the Caribbean. They can be purchased at Target, Walmart, Walgreens and other national retailers.
#2 – Fashion Fair: owned by Eunice W. Johnson, who created the Ebony Fashion Fair, and her husband John H. Johnson, who is the publisher of Ebony and JET magazines. The company began in 1973 and was one of the first to make cosmetics for women of color. It is considered the largest black-owned cosmetics companies in the world and sells it products at fine department stores across the U.S., Canada, and internationally.
#3 – Black Opal Beauty: specializes in foundation sticks for women of color. The company was founded in 1994 and makes products for skin care, hair care, makeup, and other beauty products for women, and men, of color. Products can be purchased online or at national retail chains such as Walmart, CVS, and Rite Aid.
#4 – Shea Moisture: has been selling natural beauty products since 1912. The company was founded by Sofi Tucker in Sierra Leone and was founded on natural ingredients like Shea butter. They make products for the face, hair, body, and bath for both women and men.
#5 – KA’OIR Cosmetics: owned by CEO Keyshia Ka’oir and features fun color lipsticks, eye shadows, nail products, and blush. Products are affordable and are shipped all across the world. Lipsticks are gluten free.
#6 – Ginger + Liz: started in 2010, this company makes nail products that are vegan friendly and toxin-free. The company was created by friends Ginger Johnson and Liz Pickett. Their products feature vibrant colors and ingredients that are free of harsh chemicals and carcinogens like toluene, formaldehyde, formaldehyde resin, camphor, and DBP.
#7 – Black Up Cosmetics: is the first luxury makeup brand created by professional make up artists for ethnic skin tones and women of color. Their products can be purchased online.
#8 – Vera Moore Cosmetics: owned by former soap opera actress turned entrepreneur, Vera Moore. Her products have been used on various TV shows including the Cosby Show and the Wendy Williams Show, and used by various celebrities and news anchor women.
Phone Number 229-787-5765
149 E Walton St, Baconton, GA 31716-7705
At the corner on East Walton Street in Baconton sits a small brick building. But it’s not just any building, it’s the first black owned pharmacy and a ribbon cutting was held Monday morning to celebrate its opening.
Dr. Teresa Mitchell, owner of Total Care Pharmacy, says this is an exciting opportunity for her. “I’m very excited to be a leader and entrepreneur in the area,” said Mitchell.
No stranger to Baconton, Dr. Mitchell has been a practicing pharmacist for over 20 years and she’s also from Mitchell County. Recently she taught the pharmacy technician program at Albany Technical College. Being an entrepreneur is something Mitchell has dreamed about for a while.
“We started back in September 2014, and for me I would say that it was a God move,” Mitchell said. “As far as the area, it was a seed that my father planted before he passed. He told me that if I ever wanted to start a business, to start it in Baconton because it was the hub, it was the center, it was going to grow.”