Business & Finance

BLACK ENTERPRISE Publishes Rankings Of The Nation’s Largest Black-Owned Businesses

BLACK ENTERPRISE marks 45 years of listing America’s largest black companies with the publication’s May/June 2017 issue of the BE 100s, universally recognized as the most authoritative analysis and annual ranking of the nation’s top grossing black-owned companies. TheBE 100s ranks America’s largest black-owned companies, including automobile dealers, banks, asset managers, investment banks, and private…

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Number of Minority-Owned Employer Firms Increased in 2015

Minority-owned employer firms in the United States increased by approximately 4.9 percent in 2015 to 996,248 from 949,318 in 2014, according to findings from the U.S. Census Bureau’s 2015 Annual Survey of Entrepreneurs. Payroll and employment for minority-owned employer firms in the nation also increased from 2014 to 2015 by approximately 7.0 percent ($237.5 billion…

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Auto Companies Find Success With Diversity Programs

By Bria Nicole Stone (NNPA Newswire Contributor) As tech companies struggle to recruit and hire African-Americans and other minorities, companies in another billion-dollar industry, have embraced the importance of diversity and inclusion strategies that are critical to the future success of their businesses. A recent report published by General Motors found that African Americans account…

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Black Unemployment Rate Falls For The Wrong Reason

Job Growth Slows, Black Workers Exit Labor Market in May By Freddie Allen (NNPA Newswire Managing Editor) Black workers continued to experience lackluster job growth under the Trump Administration, according to the latest jobs report from the Labor Department. Although, the share of Black workers in the population that held jobs (employment-population ratio or E-POP),…

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Job Prospects Mixed for Black Workers Last Month

By Freddie Allen (Managing Editor/NNPA Newswire) Even though Black women lost ground in the labor market last month, the unemployment rate for Black workers dipped below 8 percent for the first time since January 2017, according to the latest jobs report from the Labor Department. Not only did the unemployment (UE) rate for Black workers…

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Walker’s Legacy and the Minority Business Development Agency Sign MOU to Support Programming for Multicultural Women in Business

Walker’s Legacy and the Minority Business Development Agency (MBDA) have partnered to further support women of color in business and entrepreneurship through the signing of a joint Memorandum of Understanding (MOU) agreement.  Through the MOU, Walker’s Legacy and MBDA will create programming and resources to increase the global competitiveness and promote the business growth of…

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Campbell Urges Support For Economic Stimulus Package Before County Council

By Barney Blakeney Economic development characterizes the metropolitan Charleston community and companies locating to the area are funding initiatives that train and prepare workers. Black communities must engage them more. Towards that end, business consultants JC & Associates have proposed to Charleston County Council a 10-year, $41 million economic stimulus package principle partner Kwadjo Campbell…

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Odyssey Media’s ‘Keys to Success’ Elevates Black Women-owned Businesses

By Lauren Poteat (NNPA Newswire Contributor) In an effort to increase opportunities for Black women entrepreneurs, Odyssey Media launched “Keys to Success: Access to Capital,” a $25,000 business pitch competition and digital workshop series for women of color who own and operate small businesses. The Coca-Cola Company’s “5by20 Initiative” supported Odyssey Media in the launch…

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Sustained Protests Of Sword-wielding Merchants To Begin May 1

By Barney Blakeney Several local civil rights organizations May 1 plan to begin organized protests at the North Charleston neighborhood convenience store where a man accused March 29 of shoplifting was beaten by store operators. The March 29 assault during which the attackers repeatedly struck the accused man with a sword and held him at…

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Job Prospects Flat for Black Workers in March

By Freddie Allen (NNPA Newswire Managing Editor) The employment prospects for African Americans showed little improvement in March, according to the Labor Department’s most recent jobs report. The labor force participation rate, which is the share of Blacks who either hold jobs or are looking for work, remained unchanged from February (62.3 percent) to March.…

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