Showing 457 results for:
black-owned businesses
Popular topics
All results
Tyrre Burks has raised new funding that will benefit younger athletes. The Chicago, IL, native is the founder of Players Health , a platform providing support solutions for sports organizations, teams, leagues, and clubs. These solutions include insurance offerings and an athlete safety suite that encompasses education and training, injury management forms, incident reporting, compliance forms, and tools to support name, image, and likeness (NIL) deals, its website mentions. As a former college athlete who went pro in the Canadian Football League, Burks understands firsthand the importance of athlete safety. During his playing career, he endured multiple injuries, including an experience during his college freshman year when he was paralyzed on the field for 45 minutes. “My freshman year of college I was catching a low ball with my head down, and I get hit. I’m paralyzed on the turf, could not move. This happened… It’s probably the most bizarre feeling you could ever have where you...
New beginnings are on the horizon for Jay-Z’s Marcy Venture Partners. Founded in 2018 by Jay-Z, Jay Brown (former CEO of Roc Nation), and Larry Marcus (managing director at Walden VC), the venture capital firm invests in media, technology, products, and services that are culturally relevant and push boundaries, according to its LinkedIn profile. Its portfolio includes at least 24 companies, such as: Wheels (electric transportation company) Hungry Marketplace (food tech company) Savage X Fenty (lingerie brand) Spatial LABS (sLABS) (tech incubator) Madison Reed (beauty brand) Partake Foods (allergy-friendly food company) “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. The lasting impact of this relationship is not simply defined by the work we’re doing now, but by the immeasurable impact for generations of creators to come,” said Spatial LABS Founder Iddris Sandu at the time....
Lesa Milan, star of “The Real Housewives of Dubai,” credits Beyoncé as an inspiration for her fashion business success. In 2016, Milan launched her fashion brand Mina Roe, catering to pregnant women because she felt there was a lack of trendy maternity items on the market, notes WWD. “I love that Rihanna was out there with her bump, being sexy and bold because that’s what Mina Roe has always been about — celebrating your pregnancy rather than hiding it,” she told the outlet in 2022 . “You can still add that fashion twist and your own personal style to your bump. I think that’s the hole that we filled with Mina Roe.” View this post on Instagram A post shared by MINA ROE (@minaroe) Milan had ambitious goals for her brand from the start, launching it with the support of just one female employee. In an interview with radio station Hot 97, she shared how she initially reached out to entrepreneurs and celebrities, hoping they would wear Mina Roe. Ultimately, her breakthrough came through...
Kim Roxie has opened a vegan makeup store in the historic district famously known as Black Wall Street. Roxie began her entrepreneurial journey in 2004 when she opened a makeup storefront in her hometown of Houston, Texas. According to Fox 23, her mother supported the launch with a $500 investment . “She gave me $500 and I saved up the rest of the money,” Kim told the outlet. “My mom loved makeup, she loved sitting in front of the vanity getting herself together and my mom did not have an office job, she was getting herself together to work at the post office.” Although the shop closed its doors in 2018, Roxie’s journey in the cosmetics space was far from over. The closure marked not an end, but a pivot — a chance for her to realign her mission with deeper personal connections and greater purpose. She was driven by two profound health challenges that reshaped her outlook on beauty and wellness. The first was her own struggle with alopecia, an autoimmune condition that caused hair...
Kawana Jefferson is living out her dreams with three hospitality ventures under her belt. The Virginia State University alum began her journey into hospitality during her college years, taking on roles like bartending and hosting, as reported by MadameNoire. While her early experiences hinted at a career in hospitality, Jefferson ultimately pursued psychology, earning a Bachelor’s degree in the field in 2003 and a Master of Science in school psychology in 2011, her LinkedIn mentions. Jefferson spent eight years working as a school psychologist, but she also maintained an aspiration to become a businesswoman and venture into the restaurant space. “I’ve always had an entrepreneurial spirit inside of me and hospitality spoke to me. It was something that I’ve always wanted to do. It was kind of like an itch that just wouldn’t go away. So I just took the leap of faith,” she said, according to the outlet. Sweet Brooklyn Bar And Gril In 2016, Jefferson became the proud owner of Sweet...
The Michigan Black Business Alliance has opened a new hub to empower more entrepreneurs and drive economic equity. According to Crain’s Detroit Business, the organization — which focuses on closing the racial wealth gap through access to capital, networking opportunities, and advocacy — is expanding its reach. Since its inception in 2021, the alliance has grown its network from 250 to 1,800 members. “We’re still growing, and our members all have different needs,” Charity Dean, CEO of the Michigan Black Business Alliance, told the outlet. “We did a survey of our members in 2022, and some wanted a commercial kitchen and space for pop-ups. Imagine being able to try out products before you sign a lease to see if there’s a market for what you’re offering.” The Michigan Black Business Alliance has moved into a 5,000-square-foot space at Grand Park Centre at 28 W. Adams Ave. Entrepreneurs will benefit from co-working spaces, conference rooms, a wellness center, and classrooms. Furthermore,...
Former NFL player Mark Clayton sketched his vision for entrepreneurship while in business school. Clayton founded LIVV Audio, which offers high-performing headphones designed for athletes and fitness enthusiasts. The product was inspired by his experiences as an athlete. Drafted to the NFL in 2005 by the Baltimore Ravens, he signed a five-year deal valued at $8.2 million, according to Spotrac. Around 2008, he was among the many athletes sporting Beats headphones. Over the years, Clayton recalled breaking two pairs. In 2010, he was traded to the St. Louis Rams but suffered a season-ending injury. During his recovery, he turned to aquatic therapy but faced challenges using over-the-ear headphones during his sessions. “I made it to St. Louis and had a season-ending injury. And a lot of the rehab we did was in the swimming pool,” Clayton told AFROTECH™. “So, of course, I want to wear my over-ear headphones, but they would start to fall off, and then I have to take ’em off because I...
Celebrity hair colorist Kadi Lee has secured an investment from Meghan Markle. Markle became acquainted with Lee through a recommendation from Serge Normant, the stylist behind her wedding hairstyle for her 2018 marriage to Prince Harry. According to People, Markle has worked with Lee for more than four years. View this post on Instagram A post shared by Highbrow Hippie (@highbrowhippie) Markle joins a star-studded client roster that includes Julia Roberts, Gwyneth Paltrow, and Brad Pitt, Lee’s bio mentions. Based in Los Angeles, CA, Lee operates out of her salon, Highbrow Hippie, and her work has been featured in renowned publications such as Vogue, Elle, and Vanity Fair, among others. Her career, which dates back to Frederic Fekkai in Manhattan, NY, where she received training under chemist and color director Constance Hartnett, now spans more than two decades, her LinkedIn notes. She also counts Normant as her greatest mentor. “I work with some of the most visible women in the...
Maryland’s first Black family-owned wine company is expanding! As AFROTECH™ previously reported, Boyd Cru Wines is led by married couple Matthew and Jon’ll Boyd, who pursued separate career paths for over a decade before collaborating on a shared business venture in the wine industry. For over a decade, Jon’ll worked in the event planning industry, while Matthew built his career in the pharmaceutical and chemistry sectors. In the wake of COVID-19 in 2020, Jon’ll’s industry came to a standstill, leading to a greater focus on what became Boyd Cru Wines in April 2023. “I think the pivotal point for us came right about during the pandemic because that, of course for me, brought my event planning business to a very quick and fast halt as you can imagine with people not being able to gather,” Jon’ll told the Washington Business Journal. “It afforded us an opportunity to delve deeper into the wine industry, and simultaneously, I think at that time, I was seeing that there was some shifting...
Co-founders Audrey Djiya and Peter Nsaka have secured funding from Fearless Funding. TechCrunch reports that the pair became connected while attending Stanford University. Djiya attended its school of business, while Nsaka studied computer science. Although they pursued different educational journeys, they were united by a shared mission: solving the complexities surrounding international commerce. Their focus became streamlining the movement of goods across borders, addressing issues such as inefficient supply chains, inconsistent regulations, and barriers to trade. Their unique perspectives and expertise became the foundation for tackling the challenge with innovation and collaboration. For Djiya, she had taken note from her family, who were entrepreneurs. “Growing up watching family members move goods cross-border, the challenges around international commerce really stuck with me,” she told the outlet. Nsaka made his own observations while at Shopify. He took on the role in 2020...
A TikTok ban could result in the loss of substantial earnings for small businesses and social media creators. As AFROTECH™ previously reported, the China-based platform, with over 1 billion users globally and 170 million in the U.S., is at risk of being banned as a result of the intention to “protect the national security of the United States from the threat posed by foreign adversary controlled applications.” The ban is expected to go into effect on Jan. 19, 2025, depending on whether the platform is unwilling to sell the application, per ABC News. On Dec. 6, 2024, the federal appeals court denied TikTok’s push to overturn the ban. Within days, TikTok doubled down and requested an emergency injunction to allow the Supreme Court to review the decision to ban the application at the start of the upcoming year. “The Supreme Court has an established historical record of protecting Americans’ right to free speech, and we expect they will do just that on this important constitutional...
Krystal’s fourth South Carolina location opened in Orangeburg on Monday, Dec. 9, thanks to a partnership with Charlamagne Tha God — also known as Lenard McKelvey — and his wife, Jessica Gadsden-McKelvey. The couple are spearheading a five-store expansion of the quick-service chain across South Carolina, with the grand opening of the new Krystal location set for Dec. 20 — an event that will include Charlamagne Tha God himself, according to a press release. The new Krystal slider restaurant, located at 1486 Chestnut St., will be open 24 hours a day, seven days a week. For the media personality and entrepreneur, the project holds personal significance. “Orangeburg is special to us because it’s the home of South Carolina State University, my mother’s alma mater, while my wife’s father is an alumni of Claflin University,” he shared ahead of the store’s opening. “I also have an honorary degree from SCSU, where I established the Ford Family Endowed Scholarship Fund, so it’s a blessing to...
Goodr has opened a new grocery store in Atlanta, GA. The Atlanta-based company, which combines technology and logistics to combat food waste and fight food insecurity, is the brainchild of Jasmine Crowe-Houston. “[Goodr] uses technology to solve hunger — that’s our big focus. I think we are taking a radically different approach to how this country solves hunger and food waste,” Crowe-Houston told AFROTECH™ in a 2021 interview. “A lot of times people say to me, ‘How is this a business? How can this be profitable?’ But, the main thing is people have to understand that billions of dollars get spent every year on food insecurity and trying to make sure people have access to food. But, it typically only goes to the same organizations.” She added, “And what we’re trying to do is come in and kind of disrupt that and say, ‘Listen, we’re getting a lot wrong about solving hunger if we’re always going to give money to the same people. We’re going to keep on having the same results.’ Give Goodr...
Byron Allen’s $10 billion lawsuit against a major fast-food chain is heading to trial. Allen Media Group (AMG) filed the lawsuit against McDonald’s in the Superior Court of California in Los Angeles in May 2021, per Deadline. The lawsuit alleges that McDonald’s has engaged in racial discrimination by failing to allocate advertising dollars to Black-owned media companies, despite the fact that 40% of its U.S. sales come from the Black community. It claims McDonald’s refused to contract with AMG’s Entertainment Studios and Weather Group and sets Black-owned media at a disadvantage during the bidding process for advertising. Allen and other leaders of Black-owned media companies requested in a letter that McDonald’s commit 5% to 15% of its advertising budget to Black-owned media outlets. McDonald’s said at the time, “Together with our Owner/Operators, we have doubled down on our relationships with diverse-owned partners. This includes increasing our spend with diverse-owned media from...
Jay-Z is reportedly no longer affiliated with The Parent Company, which suffered significant revenue losses starting in 2022. In 2020, the rap mogul, born Shawn Carter, launched his luxury cannabis brand Monogram under The Parent Company, where he served as chief visionary officer, mentions Lawyer Monthly. Its flagship product, the OG Handrolls, was priced at $50, with the full lineup of strains primarily available at eight California-based dispensaries, including Caliva, Coastal, and Zen Garden, as well as an Arizona dispensary called Ponderosa. However, since then there appears to be trouble in paradise for both Monogram and The Parent Company. S FGATE mentions Monogram’s pricing did not fair well for cannabis consumers, especially since its products were marketed as high-end and premium. “Like many other things we’ve seen in cannabis surrounding rappers, the hype hasn’t met the reality. Monogram was supposed to be an ultra-premium product, and I don’t know anyone who tried it and...