Top Black Business Stories for the week of June 22nd to June 28th

Top Stories Reparations: Evanston, Illinois is developing a Home Buyer Assistance Benefit as First Reparations Program (Evanston Roundtable).  The city has set aside $10 million from marijuana sales.  It will make $25,000 home buyer assistant grants to any Black resident of Evanston between 1919 and 1969 and their descendants. How Don Peebles Became One of … Read more

Top Black Business stories for the week of June 15th to June 21st

Robert F Smith said large corporations should use 2% of their income to help minority communities (Forbes) Quaker Oats drops racist Aunt Jemima brand (USA Today).  J & J will stop selling skin lightening creams (Reuters).  The history of Black business management (Quartz)  — Really good and interesting Black history and Bourbon (Forbes) – Recommended … Read more

Top Black Business and Economic Stories for June 8th to 14th

Top Five Stories 15% Pledge calls on retailers to dedicate shelf space to black-owned businesses (CNN) Black Businesses drop by 41% because of lockdown (Bloomberg) Byron Allen and Comcast reach a deal to broadcast channels (Philadelphia Inquirer) Black Owned gun stores, range and gun associations (Minority Report). Black owned wineries and distilleries (Wine Enthusiast) California … Read more

Top Black Economic and Business Stories May 31st to June 7th

Protest Related Black professionals must deal with White collegues during protests (Wall Street Journal -Pay Wall) Michael Jordan Pledges to Donate $100 Million (Sporting News). Jordan to donate $100 Million to support anti-racism(CNBC) San Francisco Mayor London breed proposes redirecting police budget to help African Americans through social programs (KTUV TV) Walmart donates $100 Million … Read more

Top Black Business and Economic Stories for Week of May 10th to 17th

DJIA                                            23,679 Unemployment (U-3,U-6)           14.7, 22.8              US Covid-19 Growth Rate           ~1.0% COVID-19 Covid-19 hits Black Community Hard in Philadelphia Area (WHYY)CNBC on health disparities by race (CNBC)Racial resentment to beliefs about Covid-19 … Read more

Top Black Business and Economic Stories for the Week of May 24th to May 31st

Protest Related Minneapolis has some of the worst inequality in the US. (Washington Post) UC Berkeley News has a piece about ignoring the advice of the Kerner Commission called “The Road Not Taken: 50 Years After the Kerner Commission.” Here is the Kerner Commission Report Executive Summary and the Kerner Commission Report. In 1968, The Kerner Commission Got It Right, … Read more

US National Black Income Estimated at $1.2 to $1.4 Trillion Dollars in 2018

Black people are a significant part of the US Economy. We are essential workers in many employment categories such as nurses, bus-drivers, government workers, teachers and warehouse workers. We are also highly visible as sports figures and entertainers. Blacks work in a wide verity of jobs and geographies. Together, we earn an estimated $1.3 Trillion … Read more