VP-Elect Kamala Harris statement om Small Business Saturday

Vice-Presidential Elect Kamala harris released the following statement on the importance of supporting small nusinesses on Small Business Saturday:

Small businesses need our support now more than ever before. This Small Business Saturday and throughout the holidays, please shop local and do your part to help the backbone of our communities and our economy.

Visa Launches Program Offering $10K Grants to Black Women Business Owners

In an effort to specifically support Black women-owned small businesses, Visa is extending their partnership with IFundWomen through a new series of grants and educational resources. Ten $10,000 grants will go to Black women in the U.S. to help them run and grow their businesses.

Through this program, Visa is committed to providing Black women entrepreneurs with access to the capital, coaching, and connections they need to grow their businesses during this challenging time.

The program criteria are as follows:

• Must be a Black women-owned business
• Must be located in the United States
• Must have a minimum annual revenue of $24K or more
• Must have been in business for 2+ years
• Must be a business that has a product or service in market and generating revenue
• Must be a growing business
• Must be a consumer product or service (B2C)
• Must have a compelling digital presence and supporting media

“The $10,000 is not a random number,” says Suzan Kereere, Visa’s global head of Merchant Sales and Acquiring told Forbes. “For many entrepreneurs, when they look for seed funding or funding to go from proof of concept to launch, the sweet spot is about $10,000. The $8,000 to $14,000 range is the amount of capital you need to get an ordinary small business off the ground. One of the reasons so few businesses make it into the venture capital stage is the majority will need about that much capital to get started. We’ve got to give them the kind of capacity and elasticity they need that works at the scale the majority live in.”

The deadline to apply is July 31, 2020.

For more details, visit https://ifundwomen.com/visa

USDA Gave Almost 100 Percent Of Farm Bailout To White Farmers

Last July, the Trump administration announced a major new subsidy program designed to help farmers weather America’s ongoing trade war with China. That initiative—dubbed the Market Facilitation Program (MFP)—has become the single largest source of subsidies for farmers.

While many writers have documented the struggles of farmers affected by the trade war, few have scrutinized the distributional effects of the MFP. The Environmental Working Group (EWG) has documented that the program has disproportionately helped wealthy landowners and a recent analysis by Donald Carr, a senior advisor for EWG, argues that the MFP has deepened the disadvantages of black and minority farmers.

Data obtained from a Freedom of Information Act (FOIA) request showed that the MFP has almost exclusively benefitted white men and their families, who appear to be disproportionately upper middle-class or wealthy. These payments further entrench already drastic inequalities in agriculture, along racial, ethnic, gender, and class lines.

Similar to other USDA subsidies, the MFP has overwhelmingly favored white and male producers. We recently received data from a FOIA request that show the department has funneled more than 99 percent of bailout funds to white operators.

As of today, USDA has distributed more than $8.5 billion to farm operations through the MFP. Of the approximately $8 billion distributed to operations whose owners’ race could be identified, 99.5 percent went to white business owners. Of the more than $6.8 billion distributed to operations in which the owners’ gender could be identified, more than 91 percent went to male business owners. “White farm operators” here includes white Hispanics, but they only account for about 0.1 percent of the total. In other words, non-Hispanic white operators received 99.4 percent of all MFP payments.

The racial disparities are just as stark in states with sizable non-white farmer populations. In Mississippi, for example, where 38 percent of the population is black and 14 percent of farms have a black principal operator, according to the 2017 Census of Agriculture, only 1.4 percent of the $200 million distributed to farmers through the MFP went to black operators.

Not only did almost all of the funds go to white operators, but an overwhelming share of the funds appear to have gone to upper-middle class and wealthy families. The average family that produces soybeans has a much higher income—and a lot more wealth—than the average family in the U.S. But a disproportionate share of MFP money has been paid out to families operating large-scale farms, who have even more wealth.

These disparities are the result of historical and recent discrimination. The federal government played a role in withholding farmland from, and dispossessing, farmers of color, especially black and Native American ones. And as we documented in a recent article, USDA has done little to address its atrocious civil rights record. The MFP continues to exacerbate these racial inequalities today.

[SOURCE: FARMBILLLAW.ORG]

U.S. Bank invests $1 million with the National Museum of African American History and Culture

U.S. Bank announces a $1 million investment with the Smithsonian's National Museum of African American History and Culture (NMAAHC) in Washington, D.C. With this five-year investment, U.S. Bank will join the prestigious Corporate Leadership Council, a community of engaged corporate donors whose values reflect a commitment to diversity, equity and inclusion.

“Honoring and celebrating African American culture is an important part of American history,” said Andy Cecere, Chairman, President and CEO of U.S. Bank. “At U.S. Bank, we are committed to diversity, equity and inclusion and the arts – which brings us closer together and strengthens our communities. Through this support of the National Museum, we hope these historical stories and rich cultural experiences will continue to inspire many for generations.”

The National Museum of African American History and Culture was established by Act of Congress in 2003, following decades of efforts to promote and highlight the contributions of African Americans. The Museum opened to the public on September 24, 2016, as the 19th and newest museum of the Smithsonian Institution and stands upon four pillars. One pillar – to help all Americans see how their stories, histories and cultures are shaped and informed by global influences aligns with U.S. Bank employees’ shared core value of drawing strength from diversity.

About the National Museum of African American History and Culture

Since opening Sept. 24, 2016, the National Museum of African American History and Culture has welcomed more than 6 million visitors. Occupying a prominent location next to the Washington Monument on the National Mall in Washington, D.C., the nearly 400,000-square-foot museum is the nation’s largest and most comprehensive cultural destination devoted exclusively to exploring, documenting and showcasing the African American story and its impact on American and world history. For more information about the museum, visit nmaahc.si.edu, follow @NMAAHC on Twitter, Facebook, and Instagram, or call Smithsonian information at (202) 633-1000.

About U.S. Bank

U.S. Bancorp, with 74,000 employees and $476 billion in assets as of March 31, 2019, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company. Visit U.S. Bank at usbank.com or follow on social media to stay up to date with company news.

Contact

Susan Beatty, U.S. Bank

612-303-9229; susan.beatty@usbank.com

Peggy Alford First African American Woman Nominated to Facebook Board of Directors

MENLO PARK, Calif., April 12, 2019 /PRNewswire/ -- Facebook has announced that Peggy Alford, Senior Vice President, Core Markets of PayPal Holdings, Inc., has been nominated for election to the company's board of directors at its annual meeting of stockholders to be held on May 30, 2019.

Founded in 2004, Facebook's mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them. (PRNewsfoto/Facebook, Inc.)

Mark Zuckerberg, Founder and Chairman/CEO of Facebook said: "Peggy is one of those rare people who's an expert across many different areas — from business management to finance operations to product development. I know she will have great ideas that help us address both the opportunities and challenges facing our company."

"What excites me about the opportunity to join Facebook's board is the company's drive and desire to face hard issues head-on while continuing to improve on the amazing connection experiences they have built over the years," said Peggy Alford. "I look forward to working with Mark and the other directors as the company builds new and inspiring ways to help people connect and build community."

Ms. Alford has served as Senior Vice President, Core Markets of PayPal Holdings, Inc., a digital payments company, since March 2019. From September 2017 to February 2019, Ms. Alford served as Chief Financial Officer and Head of Operations for the Chan Zuckerberg Initiative, a philanthropic organization. Ms. Alford previously held a variety of senior positions at PayPal from May 2011 to August 2017, including Vice President, Chief Financial Officer of Americas, Global Customer and Global Credit, and Senior Vice President of Human Resources, People Operations and Global Head of Cross Border Trade. From 2007 to 2011, Ms. Alford served as President and General Manager of Rent.com, an eBay Inc. company, and also served as its Chief Financial Officer from October 2005 to March 2009. From 2002 to 2005, Ms. Alford served as Marketplace Controller and Director of Accounting Policy at eBay. Ms. Alford currently serves as a member of the Board of Directors of the Macerich Company, a real estate investment trust. Ms. Alford holds a B.S. in accounting and business administration from the University of Dayton.

Facebook's current board members are: Mark Zuckerberg; Marc L. Andreessen, Andreessen Horowitz; Erskine B. Bowles, President Emeritus, University of North Carolina; Kenneth I. Chenault, Chairman and Managing Director, General Catalyst; Susan D. Desmond-Hellmann, CEO, Bill and Melinda Gates Foundation; Reed Hastings, Chairman and CEO, Netflix; Sheryl K. Sandberg, Chief Operating Officer, Facebook; Peter A. Thiel, Founders Fund; and Jeffrey D. Zients, CEO, the Cranemere Group. Mr. Bowles and Mr. Hastings, who have both served on the board since 2011, will not be nominated for re-election at the 2019 annual meeting of stockholders.

Amazon names Rosalind Brewer to board of directors

Amazon says it has named Starbucks executive Rosalind Brewer to its its all-white board, making her the second black woman to ever sit on the online retailer’s board of directors.

Brewer is currently the chief operating officer at coffee chain Starbucks. She has also been CEO of Sam’s Club, the warehouse club owned by Walmart.

Seattle-based Amazon and other big companies have been under pressure to diversify their boards, which tend to be made up of white men.

With Brewer’s addition, Amazon’s 10-person board now has four women members.

[SOURCE: MARKETWATCH]

New Nielsen Study Reveals Growing Spending Power, Influence of Black Women

A new report detailing the record-setting spending power of African American women has further buoyed the confidence of Black female entrepreneurs, who said the information proves their undeniable value to the United States and the global economy.

The report titled, “African American Women: Our Science, Her Magic,” was released by Nielsen during the Congressional Black Caucus Foundation’s annual legislative conference; it revealed that African American women’s consumer preferences and brand affinities are resonating across the mainstream culture, driving total Black spending power toward a record $1.5 trillion by 2021.

The report also noted that Black women comprise 14 percent of all females in the U.S. (“24.3 million strong”) and 52 percent of all African Americans.

With an average age of 35.1 years (versus 42.8 for non-Hispanic White women and 39.4 for all women), Black women have enjoyed steady growth in population, incomes and educational attainment.

Sixty-four percent of Black women currently enroll in college right out of high school and 23 percent over the age of 25 have a bachelor’s degree or higher, up from 18 percent in 2005.

Further, the report noted that the number of businesses majority-owned by Black women grew 67 percent between 2007 and 2012, more than all women combined.

The latest U.S. Census figures show African- American women have majority ownership in more than 1.5 million businesses with over $42 billion in sales.

“This report is helpful to show banks and brands that Black women are highly qualified to be recipients of fair lending and to be fairly represented in advertising campaigns,” said Samantha Gregory, the founder of the website richsinglemomma.com, a platform developed to help single mothers earn extra cash. “As a Black woman in technology and personal finance, who is also a business owner, those statistics are useful, when I am making a case for working with brands for my blog and business.

Read more: New Nielsen Study Reveals Growing Spending Power, Influence of Black Women

Spelman College, Rosalind Brewer graduate named COO of Starbucks

A Spelman College graduate and the former CEO of Sam's Club has been appointed as Group President and Chief Operating Officer of Starbucks Corporation.

Rosalind Brewer is a current Starbucks board member and has more than 30 years of management experience.

“Starbucks is a culture-first company focused on performance and Roz is a world class operator and executive who embodies the values of Starbucks. She has been a trusted strategic counselor to me ever since she joined our board of directors, and I deeply value her insight, business acumen, and leadership expertise. Roz is the right leader to help us realize our greatest of ambitions in this next chapter of our journey,” said Kevin Johnson, Starbucks president and ceo. “I am honored that Roz is joining Starbucks in this capacity and playing an important role with an accomplished team of senior leaders that reflects the strength and diversity of our organization.”

Brewer left Wal-Mart February 1, 2017 after being the longest serving CEO of Sam's Club. She was also the first African-American to hold the CEO position at the company.

Brewer will be based at the Starbucks Support Center in Seattle beginning Oct. 2.

[SOURCE: WTVM]

Black bussinessman is trying to trademark the N-Word

For 20 years, Curtis Bordenave said he has spotted oncoming trends and gotten out ahead of them. Most recently, that's involved efforts to profit from a racial slur.

His business, Better Moves Consulting, markets and sells clothing and other merchandise aimed at promoting unity, equality and understanding, he said.

In a roundabout way, he claims that mission is exactly why he is trying to trademark the N-word.

Bordenave of Columbus, who is African American, filed a trademark application in June with the U.S. Patent and Trademark Office for "Nigga," shortly following a U.S. Supreme Court decision that now allows trademarking disparaging language. The office accepted his application and assigned it to an examiner for review, a process Bordenave said could take up to a year.

In the meantime Business Moves Consulting is gearing up to produce products for the brand. Bordenave said it had already designed T-shirts and plans to produce soap, shaving cream, moisturizer and fingernail polish. He said a website where customers can purchase the products should be live next week, and the Nigga_brand Instagram page -- which had 16 followers as of Friday morning -- features mockups for the products.

"Our vision for the brand is not to disparage people, but to change the narrative and the meaning of the word," Bordenave said. "Products were sold with that name on it many years ago, and to say we can't change the meaning of that word is not really accurate.

"We give the word more power if we shelter it away, so that if anybody wants to just pull it out, it has a stink," he added. "We believe that we can change it."

He said the logo will be discrete on products, which will more prominently feature messages about inclusiveness and unity.

Should the brand grow to be successful, Bordenave said he wants to use funds to help African American students go to college and enable them to give back to their communities.

Read more: Local man trying to trademark N-word

How to Get Certified As a Minority-Owned Business

In 2012, the U.S. Census Bureau reported that there were 8 million minority-owned businesses in the U.S. That’s a huge number of business owners looking for opportunities to achieve the American dream and make it as a successful entrepreneur.

If you own one of those businesses, becoming certified as a minority-owned business allows you to access certain government and private-sector programs that can help support your efforts. Here are three certifications/qualifications that can help minority business owners get support for their venture.

The U.S. Department of Transportation (DOT) DBE Certification

The DOT developed the Disadvantaged Business Enterprise (DBE) Certification to assist DBE companies that wish to compete for federally assisted highway, transit, airport and highway safety contracts. Any state or local government that receives DOT funding must maintain a DBE program that conforms to DOT standards.

Eligibility standards state that you must be in a socially and economically disadvantaged group and own 51% or more of a small business. The DOT uses the definition of “presumed groups” as defined in the next section. Other individuals may prove their disadvantaged status based on the DOT standards — these are handled on a case-by-case basis and is intended for groups that have disproportionately low incomes and high unemployment rates.

Contact your state Department of Transportation to learn how to apply for DBE Certification.

The 8(a) Business Development Program

The 8(a) Business Development Program was created by the Small Business Administration (SBA) to help disadvantaged businesses compete in the marketplace. This nine-year program provides business assistance to help disadvantaged businesses succeed in government contracting and in competing for commercial business. The goal of the program is to “graduate” companies that will thrive in today’s competitive environment. Before you can apply for the program, however, you need to qualify as a socially disadvantaged individual.

Some minority groups automatically qualify as “presumed groups,” meaning they are presumed to be socially and economically disadvantaged and can apply to the program. These groups include African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans and Subcontinent Asian Americans. In addition, Alaska Native Corporations, Indian Tribes, Native Hawaiian Organizations and Community Development Corporations can also apply to the program.

Besides being in a presumed group, there are other SBA requirements that must be met by the owners of the business and the business itself. You can review the steps in the application process on the SBA website. Qualifying as a socially disadvantaged individual isn’t technically a “certification,” but the program is large enough that we wanted to include these standards in the article.

There are a number of benefits offered by the program. For instance, participants can receive sole-source contracts and can form joint ventures and teams to strengthen their position when bidding on contracts. In addition, the Mentor-Protégé Program pairs successful firms with companies new to the program. The mentors provide a range of assistance, including technical expertise, contracting help and more.

Getting a foot in the door at the SBA can help you understand the process for accessing government grants, contracts and can even open doors to understanding how to qualify for SBA loans — the gold standard when it comes to business financing for growth and expansion. Those loans can be some of the most difficult to qualify for, especially if you haven’t established a business credit score.

The National Minority Supplier Development Council’s MBE Certification

The National Minority Supplier Development Council (NMSC) is a trade group that supports certified minority business enterprises in obtaining new business opportunities and connects them to their network, which includes corporate members. Their goal is to help MBEs integrate into industry supply chains and to help corporate members meet the increasing call for supplier diversity. The council’s efforts match more than 12,000 MBEs to their impressive network of corporate members.

The council’s regional affiliates coordinate the MBE certification process, and you’ll want to start your application by contacting the affiliate closest to your company’s headquarters. You can visit NMSDC Central to learn more about applying for certification and completing the MBE Certification Application.

This is not a government-affiliated program like the 8(a) and DBE certification. There is an application fee for processing the application. The application process also includes a site visit and interview. The Council’s Certification Committee will review your application, and final approval is issued by the Council’s Board after a review of the committee’s recommendations.

In general, your business may apply for certification if the company is 51% owned and operated by minority individuals who are U.S. citizens. The minority ownership members must manage the company’s daily operations, and it must be a for-profit enterprise located in the U.S. or its trust territories.

[SOURCE: NAV.COM]

How Women of Color Are Taking the Hair Business Into Their Own Hands

Marrying tech and beauty isn’t a new concept, but most of the existing hair service apps don’t include a diverse enough range of options, nor provide the right information to help a woman with a relaxer or an afro decide if a stylist is right for her. Swivel allows salon and home styling seekers to search its directory by specific hair texture and the type of look desired. A user can read reviews and see ratings of not only the stylist’s skills, but also the overall vibe of the salon, so she knows what to expect before she books. The app is a must-download for women who are new in town, need a stylist, and want to avoid a disappointing trial and error process. It’s also appealing to those who don’t want to rely on just one stylist to meet all of their needs.

While Swivel is on a quest to make the search for a stylist less painful, Lux Beauty Club, is tackling another common hair complaint—the cost. Co-founder Victoria Flores, a former Wall Street executive affectionately describes the company as a cross between “Warby Parker and Dollar Shave Club.” Created with her long-time friend, Leslie Wilson-Namad, the goal of the service is to make high-quality human hair extensions accessible and affordable for a multi-cultural range of women. “My business partner and I have been wearing hair extensions since birth,” jokes Flores, who grew up in El Paso, Texas and now resides in New York City. After years of spending an obscene amount of money to get our hair done, we said enough is enough. There has to be a better way.”

Read more: How Women of Color Are Taking the Hair Business Into Their Own Hands

From Banks to Beauty Products The #BuyBlack Movement Is Real

It’s a trend that many are hoping won’t just turn into a passing fad.

Late last month, Essence magazine noted that after years of slow-burning idealism, #BuyBlack has seen a community-wide takeoff.

And, as the holiday season moves into full swing, the #BuyBlack campaign has led many to imagine what would happen if African Americans — the largest consumer group of color in the United States with an estimated $1.2 trillion in spending power — routinely demonstrated allegiance to the 2.6 million Black-owned businesses that exist in America.

“I think the #BuyBlack initiative is a good move for the Black community and not just because of dollars and cents,” said Walt L. Jones III, principal of the SEQ Advisory Group, a Bethesda, Maryland-based management consulting and advisory firm dedicated to helping businesses achieve the highest level of performance and efficiency. “There’s the deeper perspective of reinvesting in our own community and building up the local businesses, some that are owned by our friends, neighbors, and relatives.”

Jones continued: “Similar to the #ECStrong initiative, a community can only heal, recover, and persevere if its residents are willing to make an investment in its infrastructure.”

Read more: From Banks to Beauty Products The #BuyBlack Movement Is Real

New Documentary: "Invisible Women: Being a Black Woman in Corporate America"

Head Not The Tail Productions (HNTT Productions) is excited to announce the forthcoming screening of its important and timely documentary titled Invisible Women: Being a Black Woman in Corporate America. The film, directed by Melody Shere'a and executive produced by Monica Simmons, is a powerful and inspiring documentary that is the result of a year-long research study interviewing black professional women in the San Francisco Bay Area and New York City. Invisible Women uncovers and addresses issues around racism that profoundly affect black women in the corporate workplace. The women share respective experiences of disappointment and rejection when simply trying to earn a living and/or compete against white, Asian and women of other races for a higher step on the corporate ladder. Invisible Women will screen Wednesday, October 12, 2016 from 6 to 9 p.m. at Valley Center for the Performing Arts, a unique performance facility that exists in the Oakland Hills on the scenic campus of Holy Names University (3500 Mountain Blvd., Oakland, CA). The evening will encompass the film viewing, reception and panel discussion. Tickets are $20 through Oct. 2; $30 thereafter.

"For the production of Invisible Women, we interviewed black women of varied professional levels who generously shared their previously untold stories and feelings around race-related issues on the job," said Shere'a, HNTT Productions founder and CEO. "In conducting the research, we found the corporate practice of discrimination to be a common harsh reality faced by countless women of color. We also interviewed experts who provide employment reports and statistical data on this topic."

Shere'a, the film's director and executive producer Simmons are talented sisters. They have each personally experienced workplace race and gender discrimination throughout their corporate careers, which is how they conceived the idea to develop this documentary.

HNTT Productions partnered with non-profit organizations BlackFemaleProject.Org and Center for Talent Innovation to dig into the issues, look at the facts, explore the reality of working in corporate America as a black woman and delve into ways to improve the environment for tomorrow's young black corporate professionals.

While there is certainly lobbying at local, state and federal levels for gender equality and diversity in the workplace, women's discrimination remains a troubling issue that as yet has not been adequately addressed. Though numerous entities address the issue by hiring and promoting more women into management positions and corporate executive roles, a considerable recognition/advancement gap still exists for black women.

The playing field isn’t level and well-qualified black women are too frequently denied the opportunity to explore similar career growth opportunities as their white and other female counterparts. The facts and details you will learn from this documentary will surprise you.

About News noted in a May 2016 report that although black women only make up 12.7 percent of the female population in the country, they consistently make up over 50 percent—and sometimes much more—of the number of blacks who receive postsecondary degrees. Percentage-wise, Black women outpace white women, Latinas, Asian/Pacific Islanders and Native Americans in the education arena. However, a recent study found black women make up just 8% of private sector jobs and 1.5% of leadership roles.

Shere'a has a passion for empowering and mentoring young girls, and is a "Woman of Impact" member for Girls Inc. Alameda County. A portion of the event proceeds will be donated to the following organizations: Black Female Project, Girls Inc Alameda County, Girls Who Code and Leukemia & Lymphoma Society. To contribute directly to the fund, visit IndieGoGo crowdfunding page.

ABOUT HEAD NOT THE TAIL PRODUCTIONS (HNTTP): 
HNTT Productions, founded in 2016 by Melody Shere’a, is located in the heart of Oakland, California. The company creates, develops, produces and invests in film, television and documentary projects. The entertainment industry veteran possesses more than 10 years acting, print modeling and voice-over experience. She is a member of the Screen Actors Guild (SAG). Shere’a graduated from Cal State Hayward, where she earned her Bachelor’s degree, and later pursued an MBA in Finance at Holy Names University in Oakland.

Monica Simmons is the Executive Producer of the documentary and head of production and film development for HNTT Productions.

Shere'a, HNTT Productions CEO states, "For too long our stories have been left behind. It is HNTTP's goal is to bring forth the change needed in the entertainment industry by becoming the 'Head and Not The Tail' in this business".    HNTTProductions.com

Carnival Corporation to Donate $2 Million to the National Museum of African American History & Culture

Carnival Corporation, through its philanthropic arm, Carnival Foundation, is donating $2 million to the Smithsonian Institution's National Museum of African American History & Culture.  Eleven years in the making and built at a cost of $540 million, the museum opened Sept. 24 on the National Mall with a dedication ceremony featuring remarks by President Barack Obama and a three-day music and spoken-word festival called "Freedom Sounds: A Community Celebration." In recognition of the gift, NMAAHC has designated Carnival Corporation a Founding Donor of the museum.

"The National Museum of African American History & Culture is a celebration of the many contributions African Americans have made to the history, culture and community of the United States," said Linda Coll, executive director of Carnival Foundation. "The organizations that Carnival Corporation supports through Carnival Foundation reflect the great value the company places on diversity and inclusion in the communities that we touch, and we are honored to be a part of this new museum."

The 390,000-square-foot National Museum of African American History & Culture is located on a 5-acre site adjacent to the Washington Monument. Its 12 inaugural exhibitions feature more than 3,000 objects and cover topics ranging from military and sports history to performing arts and the western and northern migration.   

Each day of the three-day "Freedom Sounds: A Community Celebration" had a theme: Friday was "Homecoming," Saturday was "Celebration" and Sunday was "Call and Response." The events and concerts highlighted music traditions such as jazz, R&B, gospel, folk, classical, New Orleans brass band, Afro-Latin jazz and hip-hop.

Some black business owners strain to sell to black consumers

When Terina McKinney displays her leather bags and belts at events attended primarily by black women, they are often interested in her designs, and in her experience as an African-American business owner. But she seldom makes sales.

“They all ooh and ahh and ask a ton of questions, but don’t necessarily make purchases,” says McKinney, whose Jypsea Leathergoods products range from $20 to $325. Instead, her customers tend to be white or Asian women. While calls have been increasing for black consumers to support black-owned businesses with their buying power estimated at more than $1.2 trillion a year, social media campaigns with momentum like (hash)buyblack are relatively new. And McKinney’s frustration is shared by some other black business owners who say they can find it hard to sell to black consumers.

The factors can be logistical or practical, such as being located farther away or having higher prices than big chain stories, retail experts and civic leaders say. Scarcity can be a reason: It can be hard to find businesses owned by African-Americans. But other considerations might be emotional, like wanting a trendy design everyone is wearing, or the perception that national brands are better.

“There’s a myth that’s been placed on our communities for many generations: White people’s ice is colder. White businesses are superior to black businesses,” says Ron Busby, president of the U.S. Black Chambers, a national business organization for black-owned companies. “We have to change that mentality. We have to be better, conscientious consumers.”

Read More: Some black business owners strain to sell to black consumers

Google adds first black board member.

Google parent company Alphabet is adding finance chops and diversity to its board with the appointment of economist Roger Ferguson.

Ferguson is the first African American to serve on the board of Alphabet and Google, marking a major milestone in Google's effort to bring more diversity to the technology industry.

Ferguson will serve on Alphabet's audit committee. With his appointment, he receives a $1 million equity grant, according to a filing with the Securities and Exchange Commission.

[SOURCE]

EBONY & JET magazines under new ownership

CHICAGO--(BUSINESS WIRE)--The Clear View Group (CVG), today announced that it has acquired the assets of Ebony Media, the publisher of Ebony Magazine, the premiere destination for African-American cultural insight, news and perspective. The iconic brands of EBONY and JET are under new management and heading in a bold new direction and will now be known as Ebony Media. The Clear View Group is an African American led investment group that brings to bear over twenty-five years of experience creating, developing and running successful corporations.

“We are excited about the future of Ebony Media and the opportunity to position the enterprise for long term growth. Our team has a true understanding of the Ebony brand as well as its legacy, and is committed to providing its audience with premium content across all media platforms,” said Michael Gibson, CEO of Clear View Group and Chairman of Ebony Media.This acquisition will position Ebony Media for long-term growth by diversifying its revenue streams and expanding its business footprint by magnifying black culture through a wide spectrum of print, event and digital mediums.

Moving forward, Linda Johnson Rice will serve as Chairman-Emeritus and will continue to be on the board of Ebony Media. Cheryl Mayberry McKissack will lead Ebony Media as the CEO. The Clear View Group will be led by Michael Gibson, who will also serve as the Chairman of Ebony Media.

"This is the next chapter in retaining the legacy that my father, John H. Johnson, built to ensure the celebration of African-Americans," said Linda Johnson Rice.

“I am excited about the opportunity to lead these world renowned brands to the next level, expanding the editorial offerings for our readership while providing new opportunities to our valued advertising partners,” Mayberry McKissack states. “Through offerings such as our annual 'Power 100' event and issue, ground breaking covers on 'The Body Brigade', Women Up and Black Hollywood events, and expanding our digital coverage, we are already seeing tremendous gains in extending our brand’s reach well beyond paper and electrons. Our legacy is not only thriving, it’s evolving.”

There are also exciting changes in store for the editorial direction of the publications. Kyra Kyles, who previously led the digital editorial strategy and operations, is promoted to Editor-in-Chief/SVP Digital Editorial, overseeing editorial content across both print and digital platforms. Kyles, a longtime content producer who has co-created and directed award-winning, viral Webisodes, will unify print, digital and social operations in an unprecedented move to enrich the overall audience’s experience. Kierna Mayo, current EIC of Ebony, will be leaving to pursue other endeavors.

About Clear View Group

Clear View Group specializes in private equity acquisitions of U.S. based, middle market companies. By partnering with businesses with experienced and proven operating management, Clear View Group helps mid level companies to grow their profitability through proven professional financial models.

Contacts

Smith & Company
Ashley Blackwood, 917-463-3436
ablackwood@smithandcompany.com

Black presence on U.S. boards shrinks, hedge funds cited by some

African-Americans have become a shrinking presence in the boardrooms of the biggest U.S. companies in recent years, setting back a push by pension funds for greater diversity.

African-Americans, who make up about 13 percent of the U.S. population, account for 8.6 percent of the directors on the boards of the largest 200 companies by revenue in the S&P 500 in 2015, down from 9.6 percent in 2010, according to the annual Board Index study by Spencer Stuart, one of the largest executive search firms. The figure was 9 percent in 2006, the first year the firm reported the measure.

Read more: Black presence on U.S. boards shrinks, hedge funds cited by some

THE 10 BEST WORKPLACES FOR AFRICAN-AMERICANS

Essence compiled a list of the ten best workplaces for African Americans. Check out that list below and learn more about the ten companies here.

1. QUICKEN LOANS

2. Credit Acceptance

3. ULTIMATE SOFTWARE

4. ALLIANCE DATA

5. NAVY FEDERAL CREDIT UNION

6. CARMAX

7. HYATT HOTELS CORPORATION

8. QUIKTRIP CORPORATION

9. JM FAMILY ENTERPRISES INC.

ST. JUDE CHILDREN’S RESEARCH HOSPITAL

Racism stings at black-owned businesses

When Paulette Still left a career in banking to open Posy Flower Design and Event Decor, she expected to sacrifice a steady and hefty paycheck for the chance to be her own boss. She didn't expect the number of people who would challenge her entrepreneurship based strictly on her race.

After the doors of her storefront opened in 2010, a doctor buying flowers for his wife informed her that she couldn't be the owner because black people in Pittsburgh “owned wig stores and cleaning businesses.” When she switched to appointment-only hours, customers would book appointments based on the strength of her work featured online only to “turn on their heels” after seeing her in person.

“I had someone say, ‘You should have your picture on the website,'” she said. “I showed you my flowers and my work and you were excited but you met me and you weren't excited anymore.”

According to 2006 Census figures, black-owned businesses nationally have average annual sales of $74,018, compared to $439,579 in sales for white-owned firms. Black-owned businesses received 1.7 percent of $23.09 billion in Small Business Administration loans in the 2013 fiscal year, according to The Wall Street Journal.

Read more; Racism stings at black-owned businesses