Lately, Adenah Beyoh has been everywhere in the news (AdenahBeyoh.Com). It really proves that real estate is one of the best ways to get rich.

Top Stories

• Lately, Adenah Beyoh has been everywhere in the news (AdenahBeyoh.Com).  Bayoh cuts ribbon on IHOP location in downtown Newark (ROI-NJ). Weequahic HS Alum, Business Owner Making Her Mark In Newark (Patch)
• Bias, disrespect, and demotions: Black employees say Amazon has a race problem (Vox)
• The Bull Market in Stocks Has Blown Past Many Black Americans (Bloomberg). Although younger Black people are getting more involved in stocks, overall stock ownership is down. Ariel-Schwab Black Investor Survey.
• How This Black Woman Is Killing It In The Casino World (Forbes) Melonie Johnson is the first Black woman to run a casino in Atlantic City.
• Black moms facing the toughest childcare crunch: How policy can help (Brookings)
• Black owned QCS Logistics cashes out for an estimated $15 million (3x revenue) to Dropoff inc.(Nola.com) — Why the sale of this New Orleans East business is bittersweet for the Burns family. QCS grew from one-car outfit into regional service making 1,000 deliveries daily
• Employers Want More Diversity. They May Need to Open Offices in New Places. (Wall Street Journal) – Geographic discrimination is at the core of the “Black Wealth Gap.” Here’s another example. It’s difficult to recruit a diverse workforce in an all-White suburb.  We keep reporting these “Duh? Really” stories, but it’s really just racism and White people running away from Black people.
• Alabama’s aging Black farmers uncertain about future as they struggle to create lines of succession (Gadsden Times)
• Black Bodega in Bronx celebrates grand opening and brings jobs to a struggling community (AMNY)

Stories 

Coronavirus / Covid-19 / Paycheck Protection Program (PPP)

• Black businesses failing at sobering 40 percent rate during pandemic (News4SA)
• Biden Changes PPP Rules to Help the Self-Employed (New York Times). The changes are made tweaks PPP loans to help increase funds for those who share a small percentage smallest of the relief money, which includes women and Black women. small businesses (mLive)
• Black Owned cosmetic company, Mented, survives pandemic (NBC Philadelphia)

Jobs / Workers / Unemployment / Gig Economy

• Fed and Treasury chart path back to “full employment” (Marketplace)
• Unemployment Crisis Hits Black Older Workers Hard (AARP)

Inequality / Systemic Racism / Economic Justice

• Sexism in economics has implications far beyond academia (Fortune)
• How Can Economic Justice Help Us Achieve Racial Justice? (Global Citizen)
• Report examines challenges of Black professionals in corporate America (Philadelphia Tribune)
• Study: Companies need to do better at addressing Black attrition in workplace (Business Report)
• These 15 charts show the inequalities Black Americans still face (Business Insider) – Updated with covid-19 information
• Uneven Covid Recovery Is Widening Racial Wealth Gap. Why Black Americans Investing in the Market Is at a Low Point. (Barron’s)
• My View: Making credit options more accessible to Black business owners critical (Phoenix Business Journal) — Black-owned small businesses are closing at nearly twice the rate of the industry placing a spotlight on the lack of access to credit.

Black Business

Black Business General / Interesting Businesses Stories

• Black female small business owners reveal their top advice, lessons learned (Yahoo News)
• Black businesses making a difference in their communities and thriving despite COVID-19 (CBS News)
• To this baker, promoting Black food businesses is more than just lip service (Washington Post)
• Black-Owned Food Businesses Can Use Navy Yard Kitchen Space Rent-Free Under a New Program (DC Eater) — Uber Eats is actually putting their controversial commissions to good use with a sponsorship at Sandlot Southeast
• Focus on Black-owned Businesses: Akron’s Tea Lady is third of five generations of entrepreneurs (Akron Beacon Journal)
• In Gentrifying Atlanta, Black-Owned Food Businesses Are Banding Together to Survive—and Thrive (Yahoo Life)
• Providing support for Black-owned businesses during Black History Month (KGW)
• Top Black-Owned Products to Know (Consumer Affairs)
• 90 Gifts From Black-Owned Businesses to Give This Year (Vogue)
• How a Food Business Incubator Is Building Black Economic Strength in Minnesota (Civil Eats)
• Three ways business can empower the Black family (Fortune)

Black Business Specific

• Buy Black Trend Sees Staying Power With Corporate America Buy-In (Business of Fashion)
• Brothers Offer Food Delivery Service from Black-Owned Restaurants (People) — Black and Mobile, founded by David Cabello and launched in 2019, serves customers in Atlanta, Baltimore, Detroit and Philadelphia
• 5 Black-owned Brockton businesses you can support amid COVID and this Black History Month (The Enterprise) – Featuring Brockton restaurants and Brockton Beer Company
• Focus on Black-owned businesses: Tallmadge woman capitalizes on charcuterie hobby (Akron Beacon Journal) – Home catering business featuring beautiful platters
• Black owned QCS Logistics cashes out for an estimated $15 million (3x revenue) to Dropoff inc.(Nola.com) — Why the sale of this New Orleans East business is bittersweet for the Burns family. QCS grew from one-car outfit into regional service making 1,000 deliveries daily
• Company Is One Of The Fastest Growing Businesses In The Country (Shoppe Black)

Big Business / Corporate

• JPMorgan reveals the latest part of its $30 billion commitment to support Black and brown communities (Business Insider). This investment is the largest racial commitment by a corporation and it will address the closures of Black businesses and affordable housing.
• DoorDash Establishes Grant Program For Women- And BIPOC-Owned Restaurants Disproportionately Affected By Covid (Forbes). This program will provide financial support and educational resources to Black businesses and others.
• Louisville part of national push to support Black-owned businesses (Louisville Business First) — The program represents a $7.5 million investment into Black-owned businesses across the country.
• LIT Brooklyn founder, Denequa Williams Clarke, Chats Business with the Hosts of Black Girl Podcast (Yahoo Finance)
• Vimeo and Mailchimp Shine a Light on Black-Owned Businesses (Muse)
• Jennifer Hudson Teams Up With Mastercard To Lead Initiative For Black Women Entrepreneurs (News One)
• The First Is Always Last: The Scarcity Of Black CEOs In Corporate America (Forbes)

Discrimination

• Bias, disrespect, and demotions: Black employees say Amazon has a race problem (Vox)
• What’s Keeping Black Workers From Moving Up the Corporate Ladder? (Wall Street Journal)

Reparations / Affirmative Action / Diversity / Inclusion

• Employers Want More Diversity. They May Need to Open Offices in New Places. (Wall Street Journal) – Geographic discrimination is at the core of the “Black Wealth Gap.” Here’s another example. It’s difficult to recruit a diverse workforce in an all-White suburb.  We keep reporting these “Duh? Really” stories, but it’s really just racism and White people running away from Black people.
• Amid Black History Month Drops, Brands Discuss Diversity Efforts Beyond Product (WWD)
• Has Black Lives Matter really helped African brands? (Vogue Business)
• HP Inc’s Chief Diversity Officer (Diginomica)
• As agencies drag their feet on diversity, some Black creatives take matters into their own hands (MM&M)
• ‘Slavery ended over 130 years ago’: Former NFL player Herschel Walker says Black Americans shouldn’t get reparations (Business Insider)
• What companies can do to speed up board diversity (Vox)
• How To Level The Financial Playing Field For Women- And Minority-Owned Businesses (Forbes)
• Google’s program for Black college students suffered disorganization and culture clashes, former participants say (CNBC)
• Some ex-participants criticized a key Google scheme for Black students, saying it is riddled with issues (Business Insider)
• At Disney, Black cast members are leading efforts for more diversity, inclusion (Atlanta Voice) – If you want to understand race in the corporate world, look at Disney.

Economics

Black Economics

• The Black Woman Economist Who Pioneered a Federal Jobs Guarantee (INET)  — Institute for new economic thinking.  Sadie Alexander.
• Whatever Happened to ‘Black Capitalism’: keynote speaker examines the past to find solutions for the present (The Sunflower) – Dr. Robert E Weems Jr. is a well known Black business historian.
• These 15 charts show the inequalities Black Americans still face (Business Insider) – Updated with covid-19 information
• The student debt forgiveness debate highlights the racial gap in what borrowers owe (CNBC)
• The Bull Market in Stocks Has Blown Past Many Black Americans (Bloomberg). Although younger Black people are getting more involved in stocks, overall stock ownership is down. Ariel-Schwab Black Investor Survey.
• Sexism in economics has implications far beyond academia (Fortune)
• How Can Economic Justice Help Us Achieve Racial Justice? (Global Citizen)

Straight up Econ / The Economy

• What Makes Bitcoin Special? An Economist Explains (Foundation for Economic Education)

Co-Ops / Employee Owned / Cooperative Economics (Ujamaa)

• South Mississippi business leaders starting Black-owned co-op (WLOX) – A co-working and event space. That’s a tough business.

Industry Stories

Sports / Media / Entertainment

• OWN’s Newest Reality Series ‘Belle Collective’ Puts Black Female Entrepreneurs on the Map (Cheatsheet) – Black Women in Jackson, MS
• Colin Kaepernick Targets a Socially-Driven Billion-Dollar Company With New SPAC (Black Economics UK)
• Inside Chris Webber’s Mission to Help Black Entrepreneurs (Sports Illustrated)

Marketing / Advertising / Sales / Consumer Behavior

• How This Black Woman Is Killing It In The Casino World (Forbes) Melonie Johnson is the first Black woman to run a casino in Atlantic City.

Alcohol / Marijuana / CBD / Gambling

• While much of the country is at a standstill, the cannabis industry is hiring (Inlander). 
• Black Brewers Make Their Mark In Craft Brewing Industry (Forbes)
• Black-owned Lehigh Valley distiller Russell Fletcher looks to grow in Pa. and beyond (The Morning Call)
• Urban One teams with Colonial Downs owner on $517 million casino resort in Richmond (Richmond Times Dispatch)
• Trotwood wine cellar grows from childhood hobby (Dayton Daily News)

Beauty / Fashion / Retail

• Nailed it: From Harlem to Hollywood, celebrity nail tech wants to inspire more Black people to join the field (NY Daily News)
• Major Retail Chains Are Committing To Partnering With Black Designers (Forbes)
• SheaMoisture And BROWN GIRL Jane Expand Their Support Of Black-Women Owned Businesses (Hello Bueatiful)

Technology / Apps / Innovation

• This Google Maps feature highlights which San Antonio businesses are black-owned (My SA)
• Bank of America Helps Fuel Black Innovation with Launch of the Center for Black Entrepreneurship In Partnership with Morehouse College, Spelman College and the Black Economic Foundation, Alliance, (Press Release) — The Initiative is Powered by a Two-Year $10 Million Grant

Finance / Investing / Venture Capital

• 6 Black Financial Pros to Follow in 2021 (NerdWallet)
• 8 Black financial advisors specializing in best practices and wealth management (Manchester Link) – New Hampshire
• Black and LatinX female founders received record funding last year, but still got less than 1% of total venture funds (Business Insider)
• More banks are key to minority business growth [column] (Lancaster Online)
• Banks redouble efforts to aid Black-owned businesses (American Banker)
• Ariel Investments, a Black-Owned Mutual Fund Secures $200 Million To Fund ‘Project Black’ Initiative (InvestingPort)
• Chicago-based Ariel Investments launches ‘Project Black’ to grow minority-owned businesses with $200 million from JPMorgan Chase (Chicago Tribune)
• Analysis: For Black founders, venture funding remains elusive despite new funds (Reuters) – a review of VC investing in Black firms.
• For Black-owned businesses, venture capital still elusive (CS Monitor)
• Black History Month: Blacks face challenges rising in financial and banking fields (Sun Sentinel)
• New OP neobank raises $5M, aims to bolster Black financial livelihood (Kansas City Business Journal)

Real Estate / Finance / Development / Housing / Segregation

• The Promise Of briefs: Report shows Black homeownership far short of national rate; Small business grant program launched (Triangle Business Journal)
• South Florida by the numbers: Black achievement in real estate and business (Real Deal)
• Over-The-Rhine: Is this a model for urban renewal or a warning sign? (BBC News)
• PREIT Launches Initiative to “Support Black-Owned Business and Brands 365” (Press Release) – PREIT – Real Estate Investment Trust owns a bunch of small shopping malls in Black areas and is spotlighting Black business at their malls. Everyone is making money off Black people.
• PREIT.COM  — Website has a list of properties and locations
• Rapid development risks erasing Black homeownership legacy in Charlotte  (Greensboro News Record)
• Mapping Charlottesville plots a history of racial discrimination through Charlottesville property deeds (Daily Cavalier) – University of Virginia

Politics / Government / State and Local

• Black legislators to push for more government contracts for ethnic minority-owned businesses (Minneapolis Business Journal) — A group of Minnesota Black legislators want 15% of all government contracts to go to businesses owned by entrepreneurs of color.
• Remarks by President Biden on Helping Small Businesses (White House)

Education / Healthcare

• MU medical students visit black businesses to talk about COVID-19 vaccine (KRCG)
• The student debt forgiveness debate highlights the racial gap in what borrowers owe(CNBC)
• Student Loan Debt by Race (Education Data) – We can’t find much on the history of EducationData.Org so please double check the data.
• Urban Insititue also has an education data explorer here.
• The source for much of the data is the National Center for Education Statistics

Farming / Agriculture / Food

• Black-Owned Farms Are Holding on by a Thread (Eater)
• Alabama’s aging Black farmers uncertain about future as they struggle to create lines of succession (Gadsden Times)
• Black Bodega in Bronx celebrates grand opening and brings jobs to a struggling community (AMNY)

People and Careers

Career / Professions / Entrepreneurship / Businesses You Can Start

• The new face of entrepreneurship (OZY)
• Focus on Black-owned businesses: Tallmadge woman capitalizes on charcuterie hobby (Akron Beacon Journal) – Home catering business featuring beautiful platters
• Entrepreneurship is the key to building Black wealth in America. 4 cities are leading the way in supporting business owners. (Business Insider)

People / Motivation / Leadership / Success Stories / Ideas

• Lately, Adenah Beyoh has been everywhere in the news (AdenahBeyoh.Com)
• Meet the New Jersey woman who owns over $200 million in real estate and several restaurants (Black Enterprise)
• Bayoh cuts ribbon on IHOP location in downtown Newark (ROI-NJ)
• Weequahic HS Alum, Business Owner Making Her Mark In Newark (Patch)
• Crystal Turner-Moffatt Leads from Center Stage as the Safety Diva (EHS Daily Advisor) – A great career if you can cut it.
• 25 Black businesspeople who helped shape America (KAKE)
• Meet 10 More Black Women Entrepreneurs Preparing To Win Big For Their Businesses (Essence)
• Black owned QCS Logistics cashes out for an estimated $15 million (3x revenue) to Dropoff inc.(Nola.com) — Why the sale of this New Orleans East business is bittersweet for the Burns family. QCS grew from one-car outfit into regional service making 1,000 deliveries daily

All Other

Caribbean / Africa / International

• Africa’s economy could grow 10% by taking women more seriously (Quartz Africa)

Travel / History

• Black Broadway in DC: A New Book Explores the Undeniable Influence of U Street’s History (Washingtonian) — Bustling nightlife, thriving Black-owned businesses, and brilliant minds.
• Historically Black Neighborhood Slowly Rebuilds Its Entrepreneurial Community (Spectrum News) – Corey Purdie wants to help revamp Broad Street
• Black business owners fight to restore culture in Portland’s historic Albina neighborhood (Denver Channel) – Albina was once hub for African Americans until gentrification.
• Thaddeus Tate, one of Charlotte’s most prominent Black businessmen of the early 1900s (WCNC)
• A century before civil rights, Black oystermen in Suffolk forged economic independence (Virginian-Pilot)

Opinion

• Black businesses support raising the minimum wage. Why doesn’t the rest of Corporate America? (CNBC)

Other

• Black moms facing the toughest childcare crunch: How policy can help (Brookings)