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As the country’s self-proclaimed oldest and largest trade group for Black businesses, the National Business League has announced new optimistic growth plans for the future that include building up one million Black businesses by the year 2025, according to Black Enterprise . After celebrating their 120th anniversary recently, the D.C.-based business advocacy group — founded by famous American educator Booker T. Washington — has recognized the importance of uplifting Black-led businesses during this time, Stupid Dope reports and is actively working to expand their reach. “Booker T. Washington’s vision is more relevant today than it was 120 years ago, as a new generation of unapologetic Black leadership takes the helm,” said NBL President and CEO Ken L. Harris, Ph.D., in a press statement . “The revolution won’t be televised; it shall be digitized.” According to Black Enterprise , the organization has developed a plan that includes taking their membership drive from 120,000 people to...
Economic solidarity within the Black community has always been touted as the answer to our liberation. Alongside banking Black and buying Black, today’s social media campaign, Blackout Day 2020, is another movement that aims to fight against economic injustice. Created by Calvin Martyr, founder of the Blackout Coalition , Blackout Day 2020 is a call for Black people to boycott spending their money for a full 24 hours in order to show the impact of our spending power. In the event that making a purchase is unavoidable—gas, toilet paper, groceries, etc.—supporters are urged to buy from a Black-owned business. “We need economic solidarity in America amongst all black people unequivocally,” the main Blackout Day site reads . “In order to break free from the chains of financial servility, we will organize days, weeks, months, and years if necessary when not one black person in America will spend a dollar outside of our community.” However, anti-capitalists have argued to replace, not...
As part of the union of companies creating funds to assist Black businesses impacted by COVID-19, Comerica Bank is making a move to pledge $1 million over the next four years to the National Business League. According to a press release , the Dallas-based bank’s commitment is a part of a national partnership called the Black Capital Access Program, an “initiative to support Black businesses across the country.” Comerica Bank is proud to announce its $1 million commitment to the @NBL1900 as part of a national partnership that will launch the Black Capital Access Program that will help support Black-owned small businesses. https://t.co/klKf8kQM2B #ComericaCares #RaisingExpectations pic.twitter.com/ouHPbgq4nL — Comerica Bank (@ComericaBank) June 19, 2020 The new program — described as being a “one-stop online platform for Black-owned businesses” — is set to pilot over the next three months and will touch its five primary markets in Texas, Arizona, California, Florida, and Michigan, the...
The National Business League is ready to go digital and lead the charge in helping Black businesses transition into the online business sector. The COVID-19 outbreak has forced many businesses to develop new online savvy models, and NBL is following suit. The NBL has raised $1.8 million from several national tech firms to create a digital platform for Black businesses’ digital needs. Black Enterprise reports that top investors were Computech CXL, a business enterprise technology firm and — MPS Group, a manufacturing firm. Chairman of MPS Group, Charlie Williams feels honored to invest in a historic company that continues Booker T. Washington’s legacy. “It is an honor to help launch the National Business Leagues 120-year-old legacy founded by Booker T. Washington into the technology age, as the nation’s premier digital solutions provider for black businesses throughout the globe,” Williams told Black Enterprise. According to Black Enterprise, the NBL has a new website and mobile...
Self-driving cars used to be something only found in sci-fi and superhero movies, but they’re quickly becoming a reality. Waymo, the self-driving car company owned by Alphabet, has announced it is opening a factory in Detroit. Waymo is partnering with American Axle & Manufacturing to repurpose an existing facility that will house the production of the company’s L4 autonomous vehicles. The factory is set to open later this year. “We wanted this facility to benefit from a location in southeast Michigan — the heart of the American automotive industry — and its strong talent base,” Waymo said in a blog post. The factory is set to bring more than 400 jobs to the Motor City, giving it the economic push that it needs. Detroit filed for bankruptcy more than five years ago, as it suffered from more than $18 billion of debt, according to NPR. The city has since climb itself out of an economic hole and more tech companies have set its eyes on Detroit as they look to expand. Twitter and Google...