Original article by Njera Perkins – AfroTech Supporting Black-owned businesses over the last year has become more than a trend. Now, consumers, corporations and online platforms are turning this full-fledged surge of support into a consistent lifestyle change with more intentional ways to champion these brands. Among those who have made financial and systemic pledges most recently…
Written by Dave Clark, CEO, Amazon Worldwide Consumer Amazon’s new Black Business Accelerator provides access to capital, business guidance, mentorship, and marketing support to help Black business owners succeed as sellers in Amazon’s store. Amazon is launching the Black Business Accelerator (BBA) to help build sustainable equity and growth for Black-owned businesses. The initiative—which explicitly targets barriers to…
There was an interesting moment in sports this week, one you may have missed, and it involved the Atlanta Hawks, the organization that continues to put its money where its basketball is. The Hawks announced on Thursday they were refinancing a construction loan for the Emory Sports Medicine Complex utilizing a network of Black-owned banks.…
2020 has been a crazy year. First we have the COVID19 pandemic resulting in 200,000 deaths in the US and a net loss of anywhere from 10 million-40 million jobs… a string of protests due to police brutality and were heading into election season which can be a volatile time. My heart goes out to…
Original Story: NY Times Two Black-led banks are merging in a deal that will create the nation’s largest Black-owned depository institution insured by the federal government and the first with assets of more than $1 billion. Broadway Federal Bank, a Los Angeles-based lender founded in 1946, will combine with City First Bank in Washington, which opened in…
The hashtag #BlackOutDay2020 went viral staring in early May urging black people and their allies all over America to halt their spending for a day as an act of protest. Social media personality and activist Calvin Martyr has spent the last two months promoting the campaign after raising the idea in a video that has been shared…
The #MyBlackBiz Challenege has begun and entrepreneurs are not looking back. Inspired by the “I am a Black Man” challenge of earlier in 2020, the #MyBlackBiz Challenge highlights business owners and entrepreneurs across America in hopes of showcasing the vast amount of black businesses across our country. Entrepreneurs, franchisees and business owners are asked to…