“And I’m still training here / Need equity to sign a deal.” – Lilbaby
What’s wrong, guys!
We all know that Black-owned businesses can be a powerful vehicle for advancing economic empowerment and closing the racial wealth gap in the Black community.and as recently forbes As the story shows, Black businesses can also be vessels for culture and diversity, from creating spaces that resonate with Black consumers to betting on Black voices and talent. In honor of National Black Business Month, it’s worth highlighting some of these stories.
Earlier this month, we reported on how black millennials are redefining weekend brunch and black restaurateurs are meeting that demand. One key takeaway is that while these businesses he-owners serve all ethnicities, they are ruthless in creating experiences that cater to black diners. Houston is one of the hotbeds of his brunch, so check out this video featuring his two entrepreneurs who were pioneers of this trend.
For(bes) The Culture Radar also has an article on Incredible Health by staff writer Maggie McGrath. Incredible Health recently raised her $80 million at a $1.65 billion valuation and is led by a black female founder. And reporter Ariana Johnson recently spoke with Aisha Curry about venturing into the world of book publishing through her Sweet July Enterprises to provide a platform for women writers of color. .
But it’s not all gravy. Black-owned businesses make up only 2.3% of all U.S. businesses (with two or more employees than her), but he is 13.6% of America’s black population. In that light, it’s worth checking out this cover story by staff writer Will Jakowitz on the very tough business of legal cannabis. has long been touted as an initiative that could pave the way for viable entrepreneurs. The possibility seems questionable.
Finally, Gracie’s Corner, a YouTube series of super catchy children’s songs (Heyyyyy, Bingo!) with millions of views. Raquel “Rocky” Harris talks to her family behind her on her Instagram Live today at 3pm ET. (See full interview here)
Black millennials transform brunch from a humble buffet to a fashionable Instagrammable day party. Dressed up in “Sunday Fundays,” hopping restaurant-hopping for chicken and waffles, DJs playing endless mimosas and hip-hop are some of the hallmarks of the growing trend of “Black Branch.”
Dr. Iman Abuzeid takes incredible health to unicorn status in $80 million Series B. Iman Abuzeid launched Incredible Health, a startup that hires nurses, in 2017 as a way to help healthcare workers find full-time employment. Five years later, she led her own company to her $1.65 billion valuation, making her one of the few black female founders at the helm of a unicorn company.
Weed vs. Greed: How America Failed to Legalize Pot. Thanks to over-regulation and over-taxation, the U.S. government has blown away the easiest revenue opportunity ever: legalized drugs. “What does legalization do for small business owners like me?” asks Amber Senter, his CEO of MAKR, which makes potables and other products. “It’s killing us.”
Ayesha Curry adds book publishing to Sweet July brand through new partnership. Curry said forbes She recently signed a deal with upstart book publisher Zando to publish the book under the Sweet July Books imprint, or publishing trade name. She said she emphasizes providing a platform for writers of color in an industry where her 76% of the publishing staff, reviewers and literary staff are white.
“[I]It’s probably not a good idea to overlook female CEOs or black CEOs. Because they bring tremendous value to your business. And you overlook it at your own expense. “
—Iman Abu ZeidCo-founder and CEO of Incredible Health
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