Showing 514 results for:
black-owned businesses
Popular topics
All results
It appears a four-year partnership between Buy From a Black Woman and H&M has come to an end. According to a press release, the nonprofit, founded by Nikki Porcher in 2016, has partnered with H&M since International Women’s Day in 2021. Together, they have supported 30 Black women through accelerator programs and helped over 15 founders obtain their Minority Business Enterprise (MBE) certification within two years. On its own, Buy from A Black Women has hosted over 100 workshops and trainings, awarded 45 business grants, and provided 20 relief fund stipends to Black women business owners. Between 2022 and 2023, Buy From a Black Woman was able to drive more than $2.7 million in revenue towards Black woman founders. In 2023, Buy From a Black Woman and H&M hosted the The Inspire Tour, which was the brainchild of Porcher since 2019, and it reached various cities including Philadelphia, PA ; Charlotte, NC ; Houston, TX ; Los Angeles, CA; and Atlanta, GA. The aim was to amplify...
Los Angeles, CA-based venture capital firm Slauson & Co. has announced a new cohort of its Friends & Family program. According to its website, the Friends & Family program benefits founders of emerging category-defining businesses across various sectors, including artificial intelligence (AI) , consumer technology, health and wellness, and fintech . The initiative offers essential capital, connections, and community support to help the founders advance business operations, attract investment, and connect with like-minded individuals in its early stages. On Wednesday, March 19, 2025, the firm announced 10 founders selected from over 800 applications, including Ballin AI, which provides AI-powered scouting and recruiting tools for athletes and athletic departments worldwide, and Coblr, a streamlined platform that connects fashion repair shops, brands, and consumers to unlock the $700 billion circular fashion market. “I couldn’t be more excited to learn from, and grow alongside, this...
The Rhode Island Black Business Association (RIBBA) is among several organizations impacted by President Donald Trump’s termination of diversity, equity, and inclusion (DEI) initiatives across various sectors. According to The Brown Daily Herald, every January, RIBBA, a Providence, RI -based nonprofit dedicated to closing the racial wealth gap through business development programs for small business owners , requests funding packages from its larger company partners, typically ranging from $7,500 to $100,000. However, some partners have indicated that their funding pool has been reduced this year, with many delaying their funding decisions until April and offering reduced financial packages. “This trend aligns with broader shifts in corporate giving and budget constraints that many nonprofits are experiencing nationwide,” RIBBA President and CEO Lisa Ranglin said in an email to The Herald. According to WPRI Channel 12, Ranglin stated that following Trump’s rollbacks of DEI...
Kevin Hart is aligning himself with an initiative to support Black founders using artificial intelligence (AI). The AI Illumination Grant has been launched by the Fifteen Percent Pledge, a nonprofit advocacy organization founded by Aurora James. The initiative challenges retailers and corporations to allocate 15% of their shelf space to Black-owned brands. As AFROTECH™ previously reported, 29 retailers have committed to this pledge, benefiting 800 Black-owned brands . The Fifteen Percent Pledge is scaling its efforts to support Black entrepreneurs with the aid of Kevin Hart’s Hartbeat Ventures and Andreessen Horowitz’s (A16z) Cultural Leadership Fund. Eligible members of the Fifteen Percent Pledge’s Business Equity Community are invited to apply for a chance to gain insights on leveraging AI and compete for a share of a $35,000 grant pool—$20,000 for the winner and $15,000 for the runner-up. “It is specifically focused on ensuring that the Black founders that are a part of the 15%...
If you are creating impact as a founder and leader or are a corporate catalyst interested in joining a board, look no further than AFROTECH’s Board Readiness Summit. From 10 a.m. ET to noon ET on March 25, 2025, this virtual event will deliver exclusive insights and strategies to empower you with the tools and confidence to secure a board seat. Landing a post whether for a nonprofit, which is often a good starting point, or for-profit, will require experience and skills such as strategic planning and development, leadership, collaboration and more, Forbes notes. Learn From Nancy Twine To position you for success, discussions will be led by industry leaders, starting with former Goldman Sachs VP Nancy Twine, who launched Briogeo Hair Care in 2013 and turned it into a $100 million business within nearly a decade, according to Forbes. She also made history as the youngest Black woman to launch products at Sephora. The brand went on to land placement at Ulta Beauty. What’s more, Twine...
Entrepreneur Kiara Imani Williams claims she was dropped from Target on short notice. Williams is an attorney with a decade of experience in entertainment law, a writer, and the co-founder of the card game LikeU, which is designed to spark conversations among family and friends. LikeU made its way onto Target shelves during a period when many companies were pledging to support diverse brands as a result of George Floyd being murdered at the hands of police brutality. Williams believed Target’s commitment was genuine and would endure, but has been mistaken. “LikeU cards were born out of the conversations that emerged after George Floyd’s murder—a time when so many people were searching for ways to connect, to listen, and to understand,” Williams said in an email interview with AFROTECH™. “Target made a pledge to support diverse communities at that moment, and it was that commitment that made me believe they were the right fit. But since then, like many other organizations, they’ve...
Detroit, MI, native Eminem is joining a list of individuals, such as former NBA players Grant Hill and Chris Webber, to bring a WNBA team to the city, according to Sportico. The 15-time Grammy Award-winning rapper — born Marshall Mathers — is part of a group led by Tom Gores and the Detroit Pistons. “This is an exciting opportunity to welcome the WNBA back to Detroit and bring additional investment and economic activity into the city,” Gores said previously, per AFROTECH™. “For the WNBA, this is home, and our bid represents an unprecedented opportunity for the league to come full circle and effect a long-hoped-for Detroit homecoming. No city is more prepared to embrace the team as a community asset that drives unity and common ground.” According to Sportico, the franchise would play at Little Caesars Arena, which cost $863 million to build and is home to the Pistons and Red Wings. As AFROTECH™ previously reported, Michigan’s largest city had a WNBA team called the Detroit Shock from...
Junior Bridgeman has passed away at 71 years old, leaving behind a lasting legacy. The former NBA Milwaukee Bucks player who became a prominent businessman died on March 11, 2025, following a medical emergency. He had collapsed during a luncheon at the Galt House Hotel in Louisville, KY, for the Lincoln Heritage Council of the Boy Scouts of America, according to WDRB. His exact cause of death has not been confirmed, but various Louisville television stations reported that he was seen holding his chest at a point during the event, per ESPN. “We express our heartfelt condolences to Junior’s wife, Doris, their children, Eden, Justin and Ryan, the Bucks organization, and his many friends and admirers in the basketball community,” NBA Commissioner Adam Silver said in a statement, notes ESPN. Bridgeman was a well respected figure for his accomplishments on and off the court. In fact, his jersey was retired at Fiserv Forum, the Milwaukee Bucks’ home arena in Wisconsin, in 1988 to honor his...
Flo Rida made history when he purchased a shopping plaza to champion local businesses. As AFROTECH™ previously told you, Flo Rida—born Tramar Lacel Dillard—purchased the Cloverleaf Plaza shopping center in Miami Gardens in 2023 alongside his business manager, Lee “Freezy” Prince. The fully leased property was secured in a $10 million deal . This investment came on the heels of Flo Rida’s legal victory against Celsius over a breach of contract, which resulted in an $82.6 million award, per CBS News. “You might own a house and things like that, but growing up just looking at highrises and things like that, the first thing is not to think that you can own it,” Flo Rida told the Miami Herald. “Maybe you have a spot there, but you won’t really own it. So to actually own our own plaza is just phenomenal.” The plaza is home to several businesses, including Cloverleaf Beauty Supply, Creole Kitchen, Boost Mobile, Top Notch Cigars & Smoke Shop, and Flowers by Grace, a staple for three decades...
Calaxy wants creators to become more independent. As AFROTECH™ previously reported, Calaxy is the brainchild of tech entrepreneur Solo Ceesay and NBA star Spencer Dinwiddie. It serves as a social marketplace where users can create more meaningful experiences to engage their fans. With the added benefit of direct-to-consumer monetization, Calaxy eliminates the need to rely solely on brand and advertising deals. In 2022, Calaxy raised $26 million in a funding round led by The HBAR Foundation and Animoca Brands, with participation from Polygon. A portion of the funding was dedicated to expanding into the Web3 space. Calaxy has since developed “Worlds, ” allowing creators on the decentralized social marketplace to customize no-code apps. These apps enable creators to set up shops to sell subscriptions and digital experiences directly to fans and customers, otherwise known as the “population.” Additionally, creators can access wallets that store cryptocurrencies and NFTs, according to...
Tallahassee, FL, is a growing hub for Black businesses, but there is still room for improvement. A survey released by LendingTree reveals that the city has surpassed the national average for Black-owned businesses, notes WUSF. Out of Tallahassee’s 7,828 businesses, 549 are Black-owned. Nationally, 3.3% of businesses are Black-owned as of 2022, which is a 22.2% year-over-year increase. “We found that 7% of businesses in Tallahassee are Black-owned, and that puts Tallahassee tied for 14th among the 50 biggest metros in the country,” Matt Schulz, the chief credit analyst for Lending Tree , remarked, according to the outlet. While Tallahassee’s statistics appear hopeful, considering the area’s Black population, there is still much work to be done. “When you contrast that to the fact that about 32% of the population of the city is Black, there’s a lot of room for growth,” said Schulz. Xclusive VIP Fashions Founder Kenneth Barber commented: “To that point, it becomes a growing pain.”...
Founder Erica Plybeah responded to an inconvenience with an innovative solution that improves the quality of life for patients needing medical transport. Established in 2017, she launched MedHaul to provide safe and reliable non-emergency medical transportation to individuals, regardless of their needs, per her LinkedIn. The company was inspired by her personal challenges in finding dependable transportation for her grandmother’s medical appointments in Memphis, TN, according to its website. Her grandmother has type-2 diabetes with a double-leg amputation. Living in an underserved area also limited access to transportation, and Plybeah wanted to lower this barrier for others, which motivated her to establish MedHaul, a company that works alongside healthcare facilities, research facilities, and community organizations to ensure people have access to medical transportation. Its technology is also helpful for healthcare providers to book medical transportation appointments that can...
Andrea Wallace has reportedly secured funding for an entertainment marketplace. In 2018, Wallace, a professional DJ with a business degree from Grand Valley State University, founded and launched Opnr, an “all-in-one data-powered” solution designed to simplify the booking process for musical talent. According to the company website, it provides concert organizers with data and analytics to help them book the right talent for local events. It also helps musicians showcase their work through an electronic press kit generator that serves as a resume, and through its FAN-CLAIM™ software, they can connect with their local fanbase. According to MLive , Opnr has been used by nearly 12,000 musicians and 800 organizers. “We’ve got pretty good traction,” Wallace said of the company, which is headquartered in Grand Rapids, MI, according to the outlet. Even so, it has not been easy to gain support in funding. “There are plenty of people in Grand Rapids who are super helpful,” Wallace mentioned,...
Nipsey Hussle’s mantra , “The marathon continues,” lives on through his older brother, Blacc Sam, who has opened a restaurant near the late rapper’s Marathon Clothing store in Los Angeles, CA . Blacc Sam — born Samiel Asghedom — is the permanent administrator of his brother’s estate. In an interview with CBS News Los Angeles, he said Marathon Burger, which had its grand opening on March 1, 2025, reflects Nipsey Hussle’s dedication to uplifting the community around him. “I think [the] Marathon brand, created by Hussle, was kind of like to inspire and to just motivate, and it just means to keep going,” he said. “It’s not a race, it’s a pace, do it on your own. …Anything that we can continue doing in that spirit is always a blessing.” Marathon Burger, located on Melrose Avenue, serves its famous Wagyu beef burgers and wings. The restaurant also offers vegan-friendly options such as a plant-based burger, a portobello mushroom burger, and a grilled vegetable salad. View this post on...
Master P is a multifaceted rapper, record producer, record executive, actor, entrepreneur — and now president of basketball operations. On Feb. 26, 2026, Louisiana’s University of New Orleans (UNO) Privateers announced that the local legend, born Percy Miller, was joining them in this new role. As a former college basketball player, Miller, 54, has spent the past two decades coaching the sport. During that time, his Amateur Athletic Union team, “P. Miller’s Ballers,” won three national championships, and he coached future NBA players Demar Derozan , Brandon Jennings, Lance Stephenson, and Jalen Suggs, the news release notes. “As a kid growing up in New Orleans, I can honestly say that basketball changed and saved my life,” Miller said. Despite his significant success in the music industry, Miller said he finds the most fulfillment in coaching the next generation of basketball players and giving back to his community. He asserted that UNO used to have one of the best basketball...