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Making black dollars work for us | The St. Louis American

All holidays in the U.S. are highly commercialized. Christmas is the most commercialized to the tune of $475 billion, according to National Retail Federation estimates. Lost in those billions is a big portion of the $1 trillion-plus spending power of black folks. Our consumerism rarely comes with demands for accountability and respect. Some of us think about how fast our dollars literally fly out of our communities while other ethnic groups’ dollars circulate longer and benefit them more. It really smacked me in a different way when I heard Maggie Anderson speak at a program hosted by the Coalition of […]

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This Social Entrepreneur Uses Blockchain to Power a Successful Business and Feed the Hungry at the Same Time | Black Enterprise

Jasmine Crowe is the opposite of an accidental entrepreneur. She followed her passion—and her purpose—to become a social entrepreneur, founding Goodr, the food waste management solution that gets surplus food from the companies that would otherwise throw it away into the hands of the nonprofits that desperately need it. It all started when Crowe moved to Atlanta six years ago. “I was just driving through downtown and saw hundreds of people that were experiencing homelessness on the streets,” she says. “I felt really compelled that I had to do something.” So she started making meals—buying and cooking the food herself […]

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Byron Allen Strikes $290M Deal To Buy 11 Local Stations From USA Television | Deadline

Dade Hayes, Deadline yron Allen’s Entertainment Studios has acquired 11 local TV stations from USA Television for $290 million. The stations serve small to mid-sized cities (spanning markets ranked No. 79 to No. 188 in the U.S.) and have network affiliations with ABC, CBS, NBC and Fox. While the deal’s valuation is a fraction of the recent Nexstar-Tribune local TV merger, the USA pickup is the latest in a series of moves by Allen. His company is a partner in the recent takeover of the formerly Fox-run regional sports networks led by the Sinclair Broadcast Group. It also acquired four […]

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The ‘world’s smallest, portable record player’ takes off after ‘Shark Tank’ airing | CNBC

Claire Rodgers & Sophia Fraioli, CNBC Shark Tank, CNBC, Season 9. Featured Image ven at the peak of digital music streaming, vintage record players have stood the test of time amongst true music enthusiasts. Logan Riley, former creative education lead at Apple, liked to spend his Saturdays going to the record store, which ultimately sparked a product idea that would land him a spot on “Shark Tank” Season 9. Riley set out to invent the RokBlok – the “world’s smallest, portable record player.” The product eliminates the inconveniences that come with record players – large size, hefty price tag, and […]

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Black-Owned Businesses Carve Out Space In An Increasingly Gentrified D.C. | Shoppe Black

Shoppe Black, Shoppe Black | Flowers rest on top of pictures Kalief Browder at a protest after his suicide in 2015. His family reached a settlement with the city on Thursday. Credit Lucas Jackson/Reuters . Featured Image Friday night, and rapper Too Short’s “Blow the Whistle” is blaring inside of the only black-owned bar in D.C.’s predominantly white Dupont Circle neighborhood. Its patrons, drinks in hand, are enjoying various items from its Southern-influenced menu, like chicken and waffles and shrimp ‘n’ grits. But this bar wants to be known for more than just another late-night spot in a city replete […]

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