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Black Business

Indianapolis-born actor Mike Epps has announced new plans to open an entertainment venue in downtown Detroit featuring Black-owned spirit and wine brands.  The instability of our economy has forced many people to look for new innovative ways to increase their income and help others. As a result, celebrity entrepreneurship is rising, and comedian Mike Epps’ latest business venture exemplifies that.  One Mike Detroit is a multi-faceted entertainment venue designed to celebrate the people of Detroit. According to Detroit News, the site will host live music, stand-up comedy, spoken word, and a VR experience.  The

Black-owned real estate tech company, REZI, has secured $100 million in debt financing from Stratos Credit.  REZI’s $100M Investment   The announcement comes at a time of rapid growth for the platform, which has continuously shaken the status quo. The company, founded in 2016 by Sean Mitchell, has shaken the real estate space by creating space for the next generation of renters. The additional funding will go towards helping the company expand its services to more property owners and new markets.  “Stratos has been a core strategic partner of REZI since 2017,” said

Black founder Jim Gibbs decided to launch parking payment app Meter Feeder after facing challenges breaking into the software engineering sector.  Who is Jim Gibbs?  Jim Gibbs, co-founder and CEO of the digital parking app, Meter Feeder, has built an impressive portfolio in software engineering over the years. Despite his entrepreneurial journey being a lot harder than most, Gibbs has always believed in the success of his business model.   Jim Gibbs, a New York native, decided to move to Pittsburgh to attend Carnegie Mellon University as a computer science major. Due

Financial giant Wells Fargo recently announced that it would be investing $355,000 in a new diversity program, The Inclusivity Project. The Inclusivity Project The Inclusivity Project was first launched in 2021 and has since been run by the Northern California Small Business Development Centers (NorCal SBDC). Initially designed to support Black and African American businesses seriously impacted by the COVID-19 pandemic, the project has since become a community open to all business types and stages. The project offers free advice, mentoring, workshops, and networking, as well as access to exclusive

A former orphanage for Black children in Nova Scotia, known for its historic institutional abuse, has reopened as Kinney Place, a community hub for Black businesses.  The Orphanage With A Dark Past  The Nova Scotia Home for Colored Children, established in the 1920s to ‘meet the needs of disadvantaged Black youth,’ became a symbol of prominent struggle amongst the Black community. After closing in the 1980s, hundreds of former residents began to disclose the neglect and abuse they had faced during their time in the orphanage. A public inquiry also revealed

Two Black business trading groups have teamed up to unveil a new tool to help measure corporations’ support for Black-owned businesses.  The National Business League and the National Black Chamber of Commerce, founded in the 1900s, have launched the Black Business Equity and Inclusion Score Card to hold both public and private sectors to account.  The score cards aim to hold companies accountable for any past pledges to support Black businesses and underrepresented founders. Black Lives Matter Promises Since the killing of George Floyd in 2020, all eyes have been on the

As Africa’s tech ecosystem grows, the demand for talent is soaring. For young Africans, digital skills have become ever-more important and attractive. In 2021, according to the Africa Developer Ecosystem Report (pdf), Africa’s developer community grew by 3.8%, bringing the total number of developers on the continent to 716,000. The average local developer in Africa is seven years younger than their global counterpart and has up to three years of experience. The pandemic drove increased adoption of remote work around the world, leading to international companies recruiting African developers at

Non-profit organisation, National Business League (NBL), is ramping up their efforts to empower Black entrepreneurs by unveiling new plans to digitize 1 million Black-owned businesses by 2028. The National Business League, founded by Booker. T Washington in 1900, is one of the largest non-profit organizations in the US that directly empowers the Black community. After over ten decades, the organization is still committed to championing invest and advancement of Black-owned businesses for centuries. Their motto which is: ‘The revolution won’t be televised; it shall be digitized’ is a symbol of

Businesses in the US and Canada can now self-identify as Black-owned on Tripadvisor. The world’s largest travel guidance company decided to launch the new feature after research showed that 77% of Black-owned businesses and 63% of Hispanic/Latinx-owned businesses actively use their platform.   Tripadvisor aims to use the data gathered on its users to help make accommodation providers and restaurants-owners feel safe and welcomed on the platform.  Now more than ever, it is crucial that POC-led businesses get the recognition they deserve to help amplify their voice and make their businesses

Black-owned professional network, Black British City Group (BBCG), has launched its flagship City Booster program, designed to help support the growth of Black founders.  Through BBCG’s City Booster program, Black entrepreneurs not only be eligible for grants of up to £3,000 but will also have access to coaching opportunities and skill-based workshops to help them elevate and grow.  The City Booster program run by BBCG aims to provide mentorship, skills-based workshops, and financial support to Black founders. In addition, the program, which spans nine months, will give Black entrepreneurs exclusive

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