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black-owned businesses

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Shaquille O'Neal's Big Chicken Restaurant Is Making Its Way To His Home State

Shaquille O’Neal’s Big Chicken is heading to his home state of New Jersey. As previously reported by AFROTECH™, the former basketball-player-turned-serial- entrepreneur became a co-owner of Big Chicken in 2018 and opened the first location in Las Vegas, NV, alongside his friend Matt Silverman and agent Perry Rogers. Since, thanks in part due to its popular menu items including chicken tenders, various chicken sandwiches, crinkle-cut French fries, and mac n’ cheese, the business has proven to be a success and has adopted a franchise model. View this post on Instagram A post shared by 312 Craves (@312craves) Big Chicken signed a 20-unit development deal in partnership with H&D Group Investments to expand to Michigan in 2023, Franchise Times reports . Prior, a 50-unit deal had been signed to open storefronts in Texas, with locations already springing up in the city of Houston and nearby Richmond. It can also be found in California and on Carnival Cruise ships. View this post on...

Samantha Dorisca

May 17, 2024

How This Mompreneur And Her Daughter Landed At A Mary J. Blige Festival After Frequently Getting 'Kicked Out' Of Other Vending Opportunities For Their Restaurant

Mary J. Blige’s Strength Of A Woman Festival (SOAW) returned for a Mother’s Day takeover in a new city this year, along with new faces and places to support. “We started doing pop-ups at bars, and it was just me and my daughter,” Chef Shelly Flash of 2 Girls & A Cookshop told AFROTECH™ during the third annual SOAW, the festival’s first time appearing in Blige’s home of New York, NY. “We used to get kicked out all the time, and it’s like we just had a mission. We were like, ‘We should share our food with the world because we’re first-gens, and a lot of times first-generation Jamaicans, we’re not represented.’ Either you’re all in the culture or you’re in this melted pot. We are always in this floating melting pot. We live in the best city in the world — that’s New York — and so what we decided to do is just keep putting out one Jamaican taco at a time.” She added, “And in Jamaica, we always say ‘Out of many, one person.’ At 2 Girls we say, ‘Out of many, one culture.’ We believe that...

Shanique Yates

May 14, 2024

Big Dave's Cheesesteaks, Founded By Derrick Hayes, Expands To Its First Out-Of-State Location Poised To Create 30 New Jobs

Big Dave’s Cheesesteaks, founded by Derrick Hayes, is crossing state lines. The restaurant, which was born from Hayes’ interest in cooking while in the kitchen with his grandfather, notes Forbes, has scaled from a 700-square-foot gas station in Dunwoody, GA, to multiple locations across Atlanta, GA, including the Mercedes-Benz Stadium. In 2023, Hayes’ had cemented a deal that pivoted the business to a franchise model allowing the restaurant to further capitalize off its success. By doing so, 10 restaurants are already set to form across central Florida as former PepsiCo executive Derek Lewis signed a franchise agreement with Hayes in January 2024, as AFROTECH™ previously reported. Now, Big Dave’s Cheesesteaks is poised for even further growth in light of its newest establishment opening at 8552 University City Blvd., Charlotte, NC 28213, its first out-of-state location, according to a press release provided to AFROTECH™. “From a humble gas station start to expanding across state...

Samantha Dorisca

May 14, 2024

Jatee Kearsley Made 'Elevated Foods' Accessible To Her Community By Opening A Pastry Shop That Also Allows Customers To Pay With EBT Cards

Jatee Kearsley refers to herself as a “generational starter.” The Queens, NY, raised pastry chef is the owner of Je T’aime Patisserie, a business located in Bed-Stuy, Brooklyn. The naming of the restaurant was intentional as her love for cooking was born in her teenage years while hosting weekly bake sales in front of a building she used to reside in. “You’re a kid and you want money. So what do you do when you want money? You do what you’re good at. And I was always good at baking cakes and cupcakes for my family,” she tells AFROTECH™ during the Strength of a Woman Festival and Summit. “I would invite my friends over and they’ll come and eat cupcakes. I’m like, ‘You know what? I’m going to make money.’ So I took a table outside and just started selling these cupcakes that I was making. Then it just elevated into a passion.” Kearsley would continue to opt for self-teaching even as she pursued culinary education, honing her skills in baking intricate pastries such as macarons and...

Samantha Dorisca

May 13, 2024

This Luxury Handbag Company Founder Not Only Turned $5K Into $2.3M In Revenue Within 4 Years But Also Received Beyoncé's Approval

Founder Wilglory Tanjong has Beyoncé’s attention. On April 7, 2024, the “Cowboy Carter” singer took to Instagram sharing two posts where she is seen wearing a Willie Nelson T-shirt, platform boots, and a jacket with a print of the American flag. She also accessorized the look with a luxury handbag designed by Tanjong and launched through the founder’s company, Anima Iris. This marks the second time Beyoncé’ has sported the brand since 2021, per CNBC. View this post on Instagram A post shared by ANIMA IRIS (@anima.iris) “ANIMA IRIS IS BEYONCÉ APPROVED… AGAIN !! Beyoncé really loves Anima Iris, no cap all facts,” Tanjong said on Instagram. “I know y’all will ask so YES, I’m releasing the bag we made just for Bey and I’m naming it the Cowboy Carter ZAZA. Available now on animairis.com…AHHH BEYONCÉ APPROVEDDD.” While Beyoncé’s interest in Anima Iris is certainly noteworthy, it is also a testament to the labor of love behind Anima Iris, which was born while Tanjong was traveling in...

Samantha Dorisca

May 13, 2024

Piersten Gaines' Pressed Roots, Which Is Backed By Naomi Osaka, Now Has Four Locations Thanks To Expansion To Houston, TX

Piersten Gaines’ Pressed Roots is now on location No. 4 and counting. Houston Chronicle reports that the blowout bar for textured hair has opened a new salon in Houston, TX. Located in the Centre at Post Oak, the new spot accommodates 50 hair stylists, the outlet details. Before having four brick-and-mortar locations in Dallas, Arlington, Plano, and now, Houston, Gaines and the Pressed Roots team did popups around the time the company’s vision first came to life in 2018, as previously reported by AFROTECH™. After having her share of poor experiences at hair salons, Gaines created the company’s business model to fill the void of access to affordable, quality styling for textured hair of all types. “We spend a lot of money, a lot of time in salons, and the level of services just do not match the money we’re spending,” Gaines told Fortune. “Our goal is to make quality hair care accessible.” Moreover, to ensure that hair health, time, and top-tier customer service are prioritized for...

Ngozi Nwanji

May 10, 2024

Jay-Z's Venture Capital Firm Is Reportedly In Talks Of A Merger That Would Result In $1B In Combined Assets

Major changes may be on the way for Jay-Z’s Marcy Venture Partners. The rapper’s venture capital firm, established in 2018, was created to build “innovative businesses and mass-market brands,” its company website mentions. Its areas of investment focus on sustainability, inclusivity, empowerment, accessibility, and health and wellness. As AFROTECH™ previously mentioned, its investment portfolio includes at least 24 companies such as Wheels, an electric transportation company; Hungry Marketplace, a food tech company; and Rihanna’s Savage X Fenty lingerie brand. MVC also participated in a $33 million funding round for premier beauty brand Madison Reed in 2022 and backed 24-year-old technologist Iddris Sandu to embolden his tech incubator, Spatial Labs. “Aligning with Marcy Venture Partners assists with our vision for elevating the youth as it relates to access and a means to true technological empowerment,” Sandu said at the time. “The lasting impact of this relationship is not simply...

Samantha Dorisca

May 9, 2024

Meet Deidre Mathis, An Entrepreneur Who Reportedly Opened The First Black-Owned Hostel In The US

When she was 32 years old, Deidre Mathis stamped herself in the history books for her work as entrepreneur. Forbes reported at the time that Mathis had been rooted in the hospitality sector, which stemmed from her experience solo traveling and residing in hostels while in Greece. “I’m a big solo traveler,” Mathis told the outlet. “I met these fabulous women, and we formed this amazing bond and continued to travel together for a year and a half, doing nothing but staying in hostels.” That’s why in 2018 her experience would push her to launch Wanderstay Hospitality Group, which is described as a Houston, TX-based multi-concept hospitality brand, according to Mathis’ LinkedIn. Mathis would support her venture with a raise of over $5,000 in 31 days from the support of Houston community. She also obtained a small business loan. This led Wanderstay Hospitality Group’s ventures to include (Wanderstay Boutique Hotel), which boasts 10 rooms, and (Wanderstay Houston Hostel), which includes 27...

Samantha Dorisca

May 6, 2024

Detroit's First Black-Led Co-Op Grocery Store Opens Its Doors To Combat Food Insecurity

A new day has begun in Detroit, MI, thanks to the leadership of the Detroit Black Community Food Sovereignty Network. For nearly a decade, the Motor City hasn’t had a full-scale Black-owned grocery store, Detroit Metro Times reports. Now, in May 2024, Detroit People’s Food Co-Op, the first Black-led co-op grocery store in Detroit, has opened its doors. As Detroit is one of the major U.S. cities that faces a significant shortage of food access, Detroit People’s Food Co-Op offers fresh, local grocery items, a deli, and a coffee bar. The outlet details that the store’s fruits and vegetables are sourced from four Black-owned farms in Michigan. In addition to providing quality food and health and wellness products, what makes the grocery store special is that anyone age 21 and over can become a member and have ownership in the co-op. On May 1, 2024, it had over 2,700 members and counting. “This is not something you’re invited to. It’s literally yours,” said Lanay Gilbert-Williams,...

Ngozi Nwanji

May 3, 2024

Kubik Reportedly Becomes First Ethiopian Company To Earn A Multi-Million-Dollar Investment In Climate And Sustainability Solutions

Ethiopian sustainable tech startup Kubik has scored a first for the country. According to a press release sent to AFROTECH™, it has raised $5.2 million in a seed round. Investors include East African venture capital firm African Renaissance Partners, Endgame Capital, and King Philanthropies. It will now further its work in using plastic waste to make affordable buildings and removing waste from the environment. “Kubik’s vision to build safe and affordable living for all speaks directly to King Philanthropies’ mission to catalyze solutions at the intersection of climate and livelihoods,” Kartick Kumar, managing director at King Philanthropies, said in a press release. “Kubik is at the forefront of innovation in Ethiopia and across the African market, and we’re proud to support the tremendous impact they’re making combatting plastic waste and providing safe, durable, and affordable housing.” The funding round makes Kubik the first Ethiopian country to earn a multi-million-dollar...

Samantha Dorisca

May 2, 2024

How Felix Brandon Lloyd's Beanstack Went From Receiving A $250K Investment From Mark Cuban To Generating $5M In Annual Revenue

Reading is one of the fundamental skills required for youth to excel academically. However, there has been a rising number of children who struggle with literacy skills. According to The Nation’s Report Card, only 33% of fourth-grade students could read at or above the basic reading level as of 2022. To be a part of keeping students motivated to read, Beanstack, formerly known as Zoobean, stepped in. Founded by husband-and-wife team Felix Brandon Lloyd and Jordan Lloyd Bookey, the edtech startup was created to not only support children’s reading growth but also grow their overall love for reading. The drive to launch the company stems from the founders’ background in education. In addition to Bookey serving as Google’s head of K-12 education outreach, Lloyd had worked in the public school system. He started out as dean of students at the SEED Public Charter School, where he was named Washington, D.C.’s “Teacher of the Year.” Then, in 2007, Lloyd was selected for Echoing Green’s...

Ngozi Nwanji

May 2, 2024

East Chop Capital Closes Second Fund Valued At $11M To Expand Minority Investors’ Access To Alternative Investments

East Chop Capital has closed its funding and will deploy capital to Black investors. According to a press release provided to AFROTECH™, the private equity firm’s founders and HBCU graduates Calvin L. Butts Jr. and Carrington Carter have closed an $11 million fund, which draws equity investments from 93 limited partnerships, including Liberty Financial Services. This brings East Chop Capital’s total raise to $15 million. As previously reported by AFROTECH™, $4 million in 2021 had been raised to support its presence in the global vacation market, which is projected to reach $132.7 billion in 2033, as reported by Future Market Insight. East Chop Capital is poised to achieve a 25% return, taking into consideration the fees or expenses involved in overseeing the fund. With additional capital at its disposal, East Chop Capital is poised to amplify its efforts in the initial round, with plans already set in motion to invest in Florida and Texas. “Fund II is about scale and pattern...

Samantha Dorisca

Apr 30, 2024

Meet The Co-Founders Behind Arbit, An AI-Powered Sneaker Resale Price-Prediction Startup That Has Raised $1M In Funding

Venita Cooper’s passion for sneaker culture has led her to become an entrepreneur -turned-tech-founder. In 2019, Cooper opened Silhouette Sneakers & Art in Tulsa, OK, after working as a K-12 educator in the Mississippi Delta through Teach for America. She was brought to Oklahoma because her parents decided to retire, Cooper told AFROTECH™ in an interview. With no entrepreneurial background, the thought of launching her own business never crossed her mind until 2018, when the idea of opening a sneaker store was presented to her. “At first I thought it was crazy ’cause I was like, ‘I’m not an entrepreneur. I’ve never done anything like that before,'” Cooper said. “One of the things that I’ve learned is that to start a business and to run a business, to me, the No. 1 skill is the ability to make good decisions consistently and quickly. I always ask investors and other founders who have successful companies, what is the characteristic that they can identify as that No. 1 characteristic...

Samantha Dorisca

Apr 29, 2024

Kevin Hart's Gran Coramino Tequila Has Donated Over $1M To Small Black And Latinx Businesses

Kevin Hart’s Gran Coramino Tequila has officially reached a new milestone. According to a press release shared with AFROTECH™, since its inception in 2022, the ultra-premium tequila company has provided more than $1 million in grant funding to over 100 Black and Latinx small-business owners and entrepreneurs through its Coramino Fund. The fund, powered by the company founded by Hart and 11th-generation tequila maker Juan Domingo Beckmann, has made giving back to the community its main priority from the very beginning, honoring its “vision to celebrate life’s hard-earned moments” by donating $1 from every bottle sold to support underrepresented entrepreneurs in the United States and Mexico. “As an entrepreneur myself, I’ve seen how early financial support can impact the long-term success of the business,” Hart said in a statement. “The Coramino Fund was created to provide support to some of the hardest working people out there — entrepreneurs and small business owners.”   View this...

Shanique Yates

Apr 24, 2024

After Being Named In Class-Action Lawsuit For Awarding Grants To Black-Owned Businesses, Hello Alice Closes Series C Funding Round

Amid the attack on venture capital investments to Black businesses, Hello Alice has come out on top. As AFROTECH™ previously reported, the fintech platform — created by Elizabeth Gore and Carolyn Rodz — that has helped small businesses through capital, had been named in a class-action lawsuit filed by America First Legal, Mitchell Law PLLC, and Ashbrook Byrne Kresge LLC in October 2023. The company was targeted for partnering with Progressive Insurance Co. to offer up to $25,000 in grants to 10 Black-owned businesses. “We were founded on the principle of equality, with the aim of ensuring that everyone — women, men, people of color, U.S. Veterans, and more — have an equal opportunity to launch their businesses and pursue the American Dream,” Hello Alice shared at the time in a statement on X, formerly known as Twitter. “From Texas to California to Florida to New York, small business owners are the most trusted voice in America and a critical engine of our economic growth. Today our...

Samantha Dorisca

Apr 24, 2024