Creating and supporting more Black-owned businesses is one step to reducing the racial wealth gap in the US, according to a new study. Around 70% of Americans work for small businesses that employ people in their communities. And while Black-owned businesses drive the highest percentage increases in Read More …
The next generation of billionaires will not be entrepreneurs but those who inherit multigenerational family wealth. “Billionaires have accumulated more wealth through inheritance than entrepreneurship, indicating that the great wealth transfer is gaining momentum,” according to a UBS study. By the numbers: In just the last Read More …
Even with a good product, finding seed money and investments to scale a business can be an uphill battle for Black entrepreneurs. Only 1.2% of venture capital is funding Black entrepreneurs, according to Crunchbase, which collects data on early-stage startups, with Black women founders receiving just 0.27% of funding. Read More …
After the 2020 election, phrases like “listen to Black women” were oft repeated, but not a reality for Black women in politics or business. The Women’s Right movement in America has been tied to the emancipation of Blacks and civil rights. To defeat talks of emancipation or Read More …
The 50th anniversary of hip-hop coincides with the national Black business month in August, and the former has been a driver of growth and empowerment for the latter, according to leaders in the music genre’s industry. Hip-hop is an industry with an economic impact of $16 billion and has launched Black-owned Read More …
LL COOL J rang in hip-hop’s 50th anniversary this month at the Nasdaq’s opening bell, underscoring how influential and profitable the genre has become. The bell-ringing at Nasdaq was last week, but today, August 11, is the official anniversary. An industry with an economic impact Read More …
As Women’s History Month comes to a close, Nasdaq had women leaders at Monday’s closing bell. With only 10% of Fortune 500 companies led by women, the symbolism of having some of the most innovative women at the intersection of finance, funding, and founding at Read More …
Devale and Khadeen Ellis have shared their journey transitioning careers while raising a family on social media. Devale was an NFL player with the Detroit Lions for four years, but his career was sidelined by injuries. Khadeen worked as an on-air personality for a New Read More …
2019 Update: For Black History Month, discover Beale Street‘s origins as Memphis’ Black Wall Street. Beale Street was the commercial district for black enterprise, music, and civil rights via the sanitation workers’ strike that ended with the assassination of Dr. Martin Luther King Jr. There Read More …
As life expectancy extends, the economy changes, and financial stability is tested, retiring at 60 is less the norm. The new question is what to do with the fourth quarter of life and all this experience gained? The new challenge is “transitioning for your next Read More …
The Marriott is undergoing a re-branding campaign. Newly built Marriott hotels showcase a modern, minimalist look with interiors that pay homage to their locale, but keeps the global traveler in mind. The grand opening of the Marriott Marquis at Chicago’s McCormick Place highlights this marriage Read More …
My birthday is this weekend. As usual, I’m reflecting: success, failure, and the moments in between. Too often we’re so busy waiting for the “big” moment that we neglect to honor the small milestones that facilitate the big break. Last weekend, I had a moment Read More …