The National Minority Supplier Development Council (NMSDC) received a significant boost for its black business development initiatives. The Fifth Third Foundation pledged $1.1 million to support the innovative Centers of Excellence Certificate Program (COECP) until 2026. This program empowers NMSDC-certified minority-owned businesses (MBEs) by equipping them with the tools and connections needed to compete for […]
Essence Ventures LLC, the parent company of Essence Magazine, is reportedly in negotiations to acquire digital media platform Refinery29, according to sources cited by The Wall Street Journal. This move could significantly enhance Essence’s presence in the digital space, particularly among younger female audiences. Strategic Expansion for Essence Magazine Owned by Richelieu Dennis, who also […]
New York City Mayor Eric Adams has reversed his decision to convert an abandoned luxury apartment complex in Harlem into a shelter for migrants following strong opposition from the local community. The mayor made a surprise appearance at a community meeting on Thursday in Upper Manhattan to address the concerns of residents who were unhappy […]
Approximately six in ten Black adults in the United States believe that supporting Black-owned businesses is a highly effective strategy for promoting equality, as per a Pew Research Center survey. Despite a growth in the number of Black-owned businesses in recent years, they still only represent 2.4% of all employer-firm owners in the U.S.. In […]
In the spirit of black history month, there is a growing desire within the black community and among its allies to support a wider range of Black-owned businesses. Hence, New York-based comedian Jon Laster launched Blapp, designed to simplify the process of finding Black-owned businesses and services across the United States. The Genesis of Blapp […]
