Tag

Black Owned Businesses

All articles tagged with #black owned businesses

business1 month ago•3 min saved

Target wraps up DEI boycott as it hits its $2B pledge milestone

Leaders of a yearlong boycott over Target's diversity initiatives say they're ending the protest after Target reaffirmed its plan to invest $2 billion in Black-owned businesses, completing a long-standing commitment. The retailer says no policies were reversed despite conversations with leadership, and CEO Michael Fiddelke is framing the moment as a reputational reset. Analysts say the boycott had limited impact on sales, which were already under pressure, while Target emphasizes growth for diverse communities and the broader consumer base.

via Axios|

#black-owned-businesses #boycott #business

business2 years ago•2 min saved

"Empowering Black-Owned Businesses: Success Stories and Strategies"

Despite the growth in the number of Black-owned businesses in the U.S., they still represent a small percentage of all employer-firm owners, with a disproportionate impact on employment and economic development in Black communities. While most Black-owned businesses have small payrolls, some generate billion-dollar revenues and employ thousands of workers. World Wide Technology, led by David Steward, tops the list with $17 billion in revenue and 10,000 employees, highlighting the potential of Black-owned businesses to contribute to the economy and address racial inequality.

via USA TODAY|

#black-owned-businesses #business #economic-impact

business2 years ago•5 min saved

The Impact of Hip-Hop: From Financial Empowerment to Cultural Milestones

The 50th anniversary of hip-hop coincides with national Black business month, highlighting how hip-hop has driven growth and empowerment for Black-owned businesses. With an economic impact of $16 billion, hip-hop has launched businesses in music, film, fashion, and advertising, allowing Black creatives to create brands and engage in collective economics. Rappers turned entrepreneurs have built generational wealth and invested in their communities. Despite a history of violence and racism against Black businesses, hip-hop has opened doors for Black brands and fostered financial empowerment. REVOLT, a media company, is partnering with Earn Your Leisure to bridge the gap between finance and the hip-hop community, making financial literacy a focal point. The influence of hip-hop on Black businesses is rooted in the idea of collective economics and nurturing the community for business to thrive.

via Yahoo Finance|

#black-owned-businesses #business #collective-economics

business2 years ago•2 min saved

Boosting Black-Owned Businesses: African American Chamber of Commerce, Lucille's Fine Southern Foods, SCORE, State Fair, and Major Retailers Collaborate

The African American Chamber of Commerce in Albuquerque is supporting Black-owned businesses, particularly focusing on Black women entrepreneurs, during National Black Business Month. The chamber provides assistance with business plans, webpages, accounting, and funding, and encourages ongoing support for Black businesses beyond August.

via KOB 4|

#african-american-chamber-of-commerce #albuquerque #black-owned-businesses

business2 years ago•4 min saved

"Black-owned brands thrive with $14 billion in revenue from major retailers"

Major retailers such as Nordstrom, Macy's, Sephora, Ulta Beauty, and others have generated $14 billion in revenue for Black-owned businesses since May 2020 through their partnership with the nonprofit organization Fifteen Percent Pledge. The pledge asks companies to dedicate 15% of their shelf space to Black-owned brands, aiming to reflect the Black community's 15% representation in the U.S. population. The initiative has led to increased exposure and sales for Black-owned brands, with over 625 businesses benefiting from the partnerships. Despite pushback against diversity, equity, and inclusion initiatives, the success of the pledge demonstrates the economic benefits of supporting Black entrepreneurs.

via CNBC|

#black-owned-businesses #business #diversity-and-inclusion

culture2 years ago•1 min saved

Juneteenth: Celebrations, History, and Legal Recognition

Hundreds of people gathered in Leimert Park for the Leimert Park Village Juneteenth Festival, one of the oldest Juneteenth events in the country. The festival featured Black-owned vendors showcasing art, food, and music performances by special guests including Jasmine Sullivan, Too $hort and Wale. This year, the Los Angeles City County declared Juneteenth a permanent paid holiday for city employees. The festival celebrates Black culture and businesses, and is a place where some businesses have their record-sale day.

via KTLA Los Angeles|

#black-owned-businesses #celebration #culture

culture2 years ago•5 min saved

Brooklyn's Juneteenth Festival: History, Music, and Celebration

The Black-Owned Brooklyn Juneteenth Food Festival at the Weeksville Heritage Center in Brooklyn brought together 28 Black food vendors and a community of people passionate about delicious dishes and their history. The festival celebrated Juneteenth, the emancipation of enslaved African Americans, and Weeksville, a town of free Black people founded in 1827. The event fostered a sense of community at a time when many Black families have been leaving New York City.

via The New York Times|

#black-owned-businesses #brooklyn #culture

culture2 years ago•6 min saved

The Significance and Struggle of Juneteenth Celebrations.

Thousands of people gathered at North Portland’s Lillis-Albina Park for the 51st annual Juneteenth Oregon celebration, featuring food, live music, kids activities, and dozens of vendors. The two-day festival attracts many Black-owned businesses and traveling headliners. Juneteenth represents freedom and the need for communication, and festival-goers shared their thoughts on what the holiday means to them.

via OregonLive|

#black-owned-businesses #celebration #community

entertainment2 years ago•1 min saved

Bag Designer Sonique Stands Up for Jennifer Hudson After Thrift Store Controversy.

Sonique, the designer of a luxury bag gifted to Jennifer Hudson, defends the singer after the bag was found in a thrift store. Sonique explains that Hudson's team paid for the bag in 2014 and gifted it to her to celebrate her career accomplishments. Sonique wants to use this opportunity to highlight Black-owned businesses and urges people to cut Hudson some slack.

via TMZ|

#black-owned-businesses #entertainment #jennifer-hudson

politics2 years ago•3 min saved

Controversies Surrounding Travel to Florida

Florida Governor Ron DeSantis criticized the NAACP's travel advisory warning Black Americans against visiting Florida as a "political stunt" and a "total farce." He touted Florida's low crime rates, high number of Black-owned businesses, and Black education outcomes. DeSantis also pointed out that Florida is the number one state for net in-migration and tourism. He accused left-wing groups of colluding with legacy media to manufacture a narrative and claimed that they are failing at their job of being conscientious citizens.

via Fox News|

#black-owned-businesses #florida #naacp

music3 years ago•1 min saved

Lauryn Hill and Megan Thee Stallion to Headline 2023 Essence Festival.

The 2023 Essence Festival will celebrate 50 years of hip-hop with femcee headliners including Lauryn Hill and Megan Thee Stallion. The four-day event will feature live performances, activations, and Black-owned businesses to support. The festival aims to honor the contributions of hip-hop to global culture and highlight the importance of Black economic inclusion.

via Girls United|

#black-owned-businesses #essence-festival #hip-hop