New study reveals growing spending power, influence of Black women

(NNPA) – 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 […]

Iconic Ebony Magazine Moves from Chicago to Los Angeles

(NNPA) – Los Angeles has lured another Black icon away from the Windy City. The company that now owns EBONY and Jet magazines, recently announced that the editorial teams for both publications will relocate to Tinsel Town. The move marks another loss for Chicago, which was once a magnet for Black-owned media. The Chicago Tribune […]

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

(NNPA) – 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 of the competition and […]

Wells Fargo Commits $60 Billion to Increase Black Homeownership

(NNPA) – Wells Fargo & Company has set aside a staggering $60 billion to lend to at least 250,000 black homeowners by the year 2027. Metropolitan Atlanta’s second-largest bank also pledged to increase the diversity of its home lending sales team and spend another $15 million to give financial education and counseling over the next […]

Goldman Sach’s Small Business Program Alumni Create Jobs, Increase Revenue

LOS ANGELES (NNPA) — Eight hundred Southern California businesses have joined thousands of entrepreneurs across the country in an initiative to create jobs. The business owners are participants in Goldman Sachs 10,000 Small Businesses, a scholarship-based program that convenes them to learn critical business skills and create growth plans for their companies. Just one of […]

The Black Unemployment Rate is Double What Whites Experience

(NNPA) – Black workers lost ground last month, as the unemployment rate increased from 8.3 percent in September to 8.6 percent in October, according to the latest jobs report from the Labor Department. October was a bad month for Black workers, in general. Not only did the share of Black workers in the labor force […]