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This Black-Owned Cafe is Redefining the Culture for People in Richmond, Virginia | Black Enterprise

A little black girl walks into a coffee shop and stops when she sees a black woman by the counter. With excitement and curiosity in her eyes, the little girl asks, “Do you own this?” Kelli Lemon, the owner of the Urban Hang Suite RVA social cafe, bends down as she looks at the little girl in her eyes and says, “Yes, what do you want to own?” A powerful voice in the Richmond community. Lemon is exuding black excellence through her work and is bringing others on the journey with her. She’s a highly-respected community leader, radio personality, and […]

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This Black-Owned Tea Brand Is Headed To New York Stock Exchange | Black Enterprise

Vanessa Braxton, the owner of Black Momma Vodka, originally started out distilling vodka and then moved into the tea industry. Braxton expanded her empire by opening storefronts. Now, to fuel further expansion, Braxton plans to list her company on the New York Stock Exchange. Braxton plans to take advantage of a provision that President Barack Obama signed into law via the Jumpstart Our Business Startups (JOBS) Act in 2012. The intention of the JOBS Act was to encourage the funding of small businesses in the United States by easing many of the securities regulations that make it tough for smaller […]

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Father and Son’s Financial Literacy Curriculum Teaches Black Youth to Invest in the Stock Market | Black Enterprise

A financial literacy curriculum designed by a father-son duo is helping students at one high school learn how to invest in the stock market. Virginia esquire Kevon L. Chisolm and his 11-year-old son, Kamari Chisolm, announced the launch of Black Wallstreeter Consultation Services back in March to aid people, particularly young people, with increasing their wealth. “By working with a team of like-minded people, a club can help relieve the stress of trying to improve your financial situation alone,” Chisolm said at the time. “Anyone over the age of 8 is encouraged to attend the seminars.” Now, their in-depth curriculum […]

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Meet 7 Black Women Entrepreneurs Who Run Successful Businesses You Need To Know About | Essence

From assistance with collecting child support payments to jewelry that relieves hot flashes, these Black-owned brands provide invaluable services. Day 2 of the ESSENCE + New Voices Entrepreneur Summit and Target Holiday Market featured a dynamic panel discussion moderated by ESSENCE UnBossed ESSENCE Podcast host Marquita Harris, who spoke with several successful women entrepreneurs—FLR-PLN CEO Adia Dightman; Don’t Get Mad, Get Paid CEO Simone Spence; Royelles founder Mukami Kinothi Kimotho; Fria founder Sheilisa McNeal Burgess; PowerHandz CEO Danyel Surrency Jones, Well-Kept Beauty founder Sheena Franklin and Adorned by Chi creator Jacque Aye—during the New Voices panel, An Entrepreneur’s Journey: Building […]

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Former Pittsburgh Pirates First Baseman Owns the Third Largest Black-Owned Car Dealership | Black Enterprise

As leader at a top black-owned car dealership for the past decade or so, Dorian Boyland is not your ordinary auto dealer. Most dealerships are judged by how many vehicles they sell or how much revenue they produce. The Boyland Auto Group CEO, however, judges himself based on how much profit he can generate from each sale. During his 34 years in business, Boyland has owned and operated 22 dealerships in six states before selling several dealerships and making preparations for retirement.The former first baseman for the Pittsburgh Pirates currently scores with six dealerships in Oregon, Florida, and Wisconsin. Boyland […]

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This D.C.-Based Summit is Bringing Creatives of Color to the Forefront | Black Enterprise

Real-life connections and face-to-face interactions are coveted opportunities for many millennials in today’s digital world. Instead of merely scrolling through everyone else’s highlight reel on social media, studies show that millennials are investing in experiential activities. Launched in 2018, the Foreground Summit provides creatives and founders of color with a safe space to network, develop their skills, and learn how to connect with brands and foster partnerships. Beyond inspiration, the summit promises to offer a diverse group of entrepreneurs tangible takeaways that can be immediately applied to creative work. The upcoming two-day summit, which kicks off Tuesday in Washington, D.C., […]

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From Living in a Shelter after Hurricane Katrina to Launching a Successful Bow Tie Company | Shoppe Black

Oakland, CA based designer, Rashima Sonson is the owner of SONSON®, a bow tie brand that offers unique bow ties made of African wax print fabric, lamb leather, pearls, and Swarovski stones. In 2005, her life drastically changed from the devastating effects of Hurricane Katrina. After being displaced to Philadelphia and living in a shelter, Rashima had to start her life from the bottom. She continued to push forward with her goal of creating her fashion brand. Now, she is shifting the gears on the traditional bow tie by adding a bit of lagniappe to its style and showing customers […]

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Black Women Entrepreneurs to Purchase Fashion Fair Beauty Line From Johnson Publishing For $1.85 Million | Black News

New Orleans, LA — According to published reports, New Orleans native Desirée Glapion Rogers and her business partner, Cheryl Mayberry McKissack will purchase the iconic Fashion Fair beauty line from Johnson Publishing Company; the former publisher of Ebony and Jet magazines for $1.85 million. On Thursday, November 7, 2019, a bankruptcy judge approved the sale of Fashion Fair to Winnetka, Ill.-based FFair Acquisition LLC, a holding company formed for the acquisition. Founded in 1973 as the first makeup line created for women of color, Fashion Fair was once considered the largest Black-owned cosmetics company in the world. At its peak […]

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Black Owned Esports Company Raises $50 Million | Shoppe Black

PlayVS, a Black owned Esports company which develops software used to operate high school esports competitions, announced recently that it had completed a $50 million Series C funding round. The round was led by New Enterprise Associates, which also headed up the company’s $15 million Series A in summer 2018. Other investors in the round include Battery Ventures; CAA cofounder Michael Ovitz; early-stage venture fund Sapphire Sport; Michael Zeisser, former head of U.S. investments for Alibaba; Dennis Phelps of private equity firm IVP; and 01 Advisors, a fund run by former Twitter executives Dick Costolo and Adam Bain. Shoppe Black, […]

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