Editorial credit: Leonard Zhukovsky / Shutterstock.com Despite a gradual slowdown in investment opportunities for Black businesses, Daymond John is determined to rewrite the narrative through Black Entrepreneurs Day. John, CEO of FUBU and co-star of ABC’s “Shark Tank,” started Black Entrepreneurs Day in 2020 to celebrate innovation and enterprise in the Black community. Black Entrepreneurs Day, […]
By: Linda Nwoke The U.S. Department of Labor (DOL) is the country’s federal agency in charge of protecting and promoting the welfare of job seekers, workers, and retired workers. The agency provides opportunities across various industries. There are about six major sectors in the economy. As of the end of March 2023, there were more […]
By Pearl Phillip “Grim” is how one restaurant owner describes New York’s restaurant industry today. The Covid-19 pandemic may be officially over. But restaurants continue to feel the impact. The restaurant industry is integral to New York City’s social and economic DNA. From intimate, family-owned restaurants and food carts to four-star world-famous establishments, New York […]
With inflation high and the market flailing, it can be challenging to figure out the best things to do with your money. “During economic downturns, it can be tempting to sell off your investment and keep cash reserves — but this is rarely a good idea,” said Thomas Kralow, a self-made millionaire and founder of University Grade Trading […]
(ThyBlackMan.com) I know that I am entering a space that few men have gone before, but I’m going to do it anyway: I will opine on the nature of women’s fashion (or lack thereof). It is Women’s History Month, which is a time for all of us, particularly Black men, to think about those wonderful […]
Precious Williams. Photo courtesy: Precious Williams By Pearl Phillip From being an unwanted child, homeless, and on the verge of suicide, Precious Williams is now a confident woman showing others how to be their best authentic selves as the CEO of Perfect Pitches by Precious, a company that helps clients solve their pitching, presentation, and […]
Black entrepreneurs who expanded during COVID now face the challenge of labor shortages, supply chain delays and inflation.
By Tracy Jan, Washington Post The rib joint and whiskey bar that Terri Evans opened in the South Loop of Chicago with her 401(k) savings drew mostly tourists and convention-goers — until the coronavirus pandemic and stay-at-home orders swept the country beginning March 2020. Evans worried about keeping her 12 full-time employees on the payroll. […]
The number of Black small-business owners was 28% higher in the third quarter of 2021 than it was pre-pandemic.
By Sharon Lurye, US News The city of Pittsburgh has historically struggled to lift up Black businesses, having the lowest rate of Black business ownership of any large city in the U.S. But around 2020, things started to change. In a normal year, the local Urban Redevelopment Authority gives out around 30-50 loans. In 2020, […]