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Entrepreneurship Archives - Institute of the Black World 21st Century

Black Businesswoman

New study explores wealth habits of well-to-do Black Americans

By News & Current Affairs

The report finds affluent Black/African Americans, investing in the businesses of people they know, and attaining wealth through entrepreneurship. By Jeffrey McKinney, Black Enterprise —  When it comes to their finances, affluent Black/African Americans focus on backing family members, investing in the businesses of people they know, and attaining wealth through entrepreneurship. At the same time, eliminating debt and inadequately preparing and saving for retirement are ongoing obstacles for this…

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Andrea Harris

Andrea Harris and the Fight for Minority Business

By Dr. Julianne Malveaux

By Dr. Julianne Malveaux —  Andrea Harris was not well-known, but she should have been.  She was the co-founder of the North Carolina Institute of  Minority Business Development, an advocate for social and economic justice, a champion for historically Black colleges and universities, and a Bennett Belle (Class of 1970) who passionately loved her college.  After a brief illness and a stroke, she made her transition on May 20.  The…

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Tulsa Organizations Announce Campaign to Memorialize Tulsa Race Massacre

Tulsa Organizations Announce Campaign to Memorialize Tulsa Race Massacre

By News & Current Affairs, Reparations

TULSA, Okla. — The Black Wall Street Memorial committee and Tulsa Community Remembrance Coalition are launching the “10,000 Brick Campaign” throughout May to build a memorial to Black Wall Street in honor of those lynched during the 1921 Race Massacre. Beginning May 1, the month-long campaign will allow individuals to personally take part in building this powerful space and to raise funds for these important organizations. Individuals are encouraged to purchase one of…

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Earl Graves Sr.

Earl Graves Sr., founder of Black Enterprise, passes away at 85

By News & Current Affairs

Black Enterprise Founder Earl Graves Sr. has passed away at age 85, after a long battle with Alzheimer’s. By Derek T. Dingle, Black Enterprise — Black Enterprise Founder and Publisher Earl G. Graves, Sr., the quintessential entrepreneur who created a vehicle of information and advocacy that has inspired four generations of African Americans to build wealth through entrepreneurship, career advancement and money management, has died. According to his son, Black…

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Lanaisha Edwards

‘This was supposed to be reparations’ Why is LA’s cannabis industry devastating black entrepreneurs?

By News & Current Affairs, Reparations

Black merchants affected by the war on drugs are denied licenses and thrown into debt as white owners thrive. By Sam Levin, The Guardian — A Los Angeles government program set up to provide cannabis licenses to people harmed by the war on drugs has been plagued by delays, scandal and bureaucratic blunders, costing some intended beneficiaries hundreds of thousands of dollars in losses. Black entrepreneurs and activists across LA told…

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Houston rappers are putting their money in the only African American bank in Houston Unity Bank in third ward.

Nipsey, And Others, Dispel Thug Image of Black Males

By Commentaries/Opinions

By Earl Ofari Hutchinson, The Hutchinson Report — There are two stories that regularly make the rounds about men like Nipsey Hussle. The one story that should be routinely told, pointed to, and held up for all is the colossal refutation of the gangster and thug image much of the public holds of men such as Nipsey. Yet, this never gets more than passing mention. It took the massive media…

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Nipsey Hustle

Why Are There Still Nipsey Hussle Murders Taking Place in Black America in 2019?

By Commentaries/Opinions

Nipsey Hussle (August 15, 1985 – March 31, 2019) By Bashir Muhammad Akinyele — As I read and watched the reports on the murder of our brother Nipsey Hussle this past Sunday in the media, I thought about how South Central, Los Angeles’ African American community loss a good Black man. He was a brother of many gifts. He was a father. He was husband. He was a friend. But he was also a Hip Hop artist, entrepreneur, and…

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Africa

Nigeria’s Tech Startups Defy the Odds

By Commentaries/Opinions

Without the startup ecosystems of the West, Nigerian entrepreneurs are building their nation, innovation by innovation. By Emily Feng, OZY — Any entrepreneur in Nigeria faces high operating costs brought on by the country’s unstable power supply, shaky internet and a fluctuating currency. Undaunted, Nigeria’s tech startups have proliferated, kick-starting a young but thriving tech scene that has earned Lagos’ colonial-era Yaba neighborhood — where many have their offices — the nickname…

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