We're Due: State of Black Business, 16th edition

16th National Black Business Month

Aug. 1 Why 31 ways 31 days

Dr. Moses: "Anemic" economy tied to invisible transactions

SAN FRANCISCO--Although comparable to India and Russia in volume, the African-American economy is "anemic and lacks muscle because  we don't record our transactions," explained Dr. Charles Moses, dean of business at University of San Francisco during the opening program of National Black Business Month.

"When you see the millions of trades on exchanges, they're making a record of transactions which is intended to engender trust," said Moses. "Because we don't track the hundreds of thousands of economic interactions between ourselves each day, we think nothing's happening."

National Black Business Month has been designed to create a regimen of trust which can transform black communities globally.  31Ways 31Days encourages visiting at least one black business each day as guided by this site.  The 16 annual State of Black Business reports give a baseline of information to shape policy and investment.  The Journal of Black Innovation identifies promising ventures in a scholarly peer reviewed publication. blackmoney.com is a newspaper of record for Africa, the Caribbean and the Americas.

Say Grace and Wipe Yo' Hands: BlackRestaurant.NET Guide to America's Black Restaurants aggregates more than 1,000 food businesses to visit.  The new Black Contractors Exchange connects job creators with needed capital and contracts.

Moses gave several examples of how trust is essential for economies.  He noted Senegalese merchants who began selling goods on a Harlem street who now own most of the buildings on the street because they coordinated their activities although they started with no capital.

After the end of aparthead, a small South African tribe whose land includes 25 percent of the known supply of platinum sent a young person to Harvard Business School to determinee how to capture the value.   After receiving no royalties under apartheid, they now are among the wealthiest people on the planet.

An extended report on the discussion is in the August Journal of Black Innovation, which also includes the 19th annual 50 Most Important African-Americans in Technology.

Dr. Charles Moses and contractor Carl Gordon during a C-Level Conversation on Economic Empowerment
Dr. Charles Moses and contractor Carl Gordon during a C-Level Conversation on Economic Empowerment

A new vision for health care

Dignity Health and Catholic Health initiatives join forces

Hunters Point Brewing Co. hosts Black Contractors Exchange

Nation's largest black-owned brewery

Cestra Butner acquired Speakeasy Brewery at 1195 Evans, where the Black Contractors Exchange heard from The Honorable Shamann Walton and Dr. James McCray, executive director of Tabernacle Community Development Corp.

The Food That Freed Us--Black Food Days Aug. 28-31

By the 1600s, Africans discovered that their culinary skills were a ticket to freedom.  In Road to Ratification: How 27 States Faced the Most Challenging Issue in American History, these early entrepreneurs were the precursors to black churches, lodges and the Underground Railroad.  For four days, we mark four centuries of black food:  WEDNESDAY: brewers, distillers and vintners THURSDAY: grocery manufacturers FRIDAY restaurants SATURDAY festival food including the granddaddy of them all -- the West Indian Day Parade through Brooklyn

C-Level conversation on black economic empowerment globally

The Most Important Thing We Can Do Now is What We Did Then

We've been here before. Outmatched and outnumbered. But the black freedom struggle has been powered by black owned businesses and workers who insisted on value for their labor.  The link between San Francisco and South Africa has been an important catalyst for personal and political freedom.  Now it's time to change the inequitable distribution of wealth by aligning the intellectual capital of the Bay Area with the resource wealth and organizational energy of the African continent just as happened with the demise of apartheid.  In both places, we've faced an economic backlash, but we have weathered the storm.  Success means taking the mantle created 100 years ago with Dr. W.E.B. DuBois' first Pan African Congress and the movement of Marcus Garvey to use what we have to get what we want through such strategies as Africapitalism.  Receive the latest State of Black Business and Silicon Ceiling reports with your yearly subscription to the Journal of Black Innovation

Be There in Person or Online

We can join our minds and hearts to further 31 Ways 31 Days across the Diaspora with our opening Innovation&Equity19 Symposium. Show you're right by signing up today.

August edition of the fourth volume of the Journal of Black Innovation includes the 19th 50 Most

Aug. 1 50 most important african-americans in technology

Do you know Issac Vaughn or Essye Miller?

How about James DeBardelaben or Dr. Sandra Johnson?

Vaughn, one of the key figures in Silicon Valley for two decades, came to the C-Level Conversation on Black Economic Empowerment to praise the 50 Most Important African-Americans in Technology in the August issue of the fourth volume of the Journal of Black Innovation.

Senior Vice President of Zenefits, Vaughn was an associate and partner at Wilson Sonsini law firm for more than a decade before coming into operational roles as a top executive.  "Though most of that time, I have rarely seen anyone who looked like me  so I feel an obligation to reach back and create more opportunities," said Vaughn.

The call to the scientific proceedings for the 50 Most on Jan. 15 in San Francisco is the opportunity to transfer the knowledge of someone like Vaughn who participated in some of the most successful technology compaanies or get the insights of officials who shape technology policy.  To be part of the transformation, subscribe to the Journal of Black Innovation.  See Vaughn featured on the next episode of Money on the Table on KMTP.

Learn More

The 50 Most Important African-Americans in Technology was created in 1999 at the request of Silicon Valley Engineering Hall of Fame members Dr. Frank Greene and Roy Clay Sr.


Aug. 2 the largest free trade zone

Prosperity requires the entire Diaspora working together

During a C-Level Conversation, we heard Kganki Matabane, CEO of the Black Business Council of South Africa note that 25 years after the end of apartheid, black South Africans control five percent of the businesses and hold less than a third of management jobs with low participation in government contracting..

Last week, the Tony Elumelu Foundation gathered thousands of entrepreneurs from 54 countries to change that paradigm.  Also, Ghana and Cote d'Ivore teamed to maximize their return on their 70 percent share of the cocoa trade, for which only five percent goes to the growers.

The return of the Congressional Black Caucus to Ghana this week with Speaker Nancy Pelosi was welcomed by Ghanian President Nana Akufo-Addo as part of a new relationship of trade between Africa and America which must be driven by African-American innovation and relationships.   Our day two focus is building those relationships, often with those who have migrated from the continent in recent decades.   Growing the number of manufacturers in Africa and the number of firms with employees in the United States are two parts of the same solution.

African Union

The secretariat of the new Continental Free Trade Agreement, which became effective in July 2019, is located in Ghana. The Permanent Representative of the African Union in Washington is Dr. Arikana Chihombori-Quao, who also founded the African Diaspora Health Network and holds seminars in Africa House near Nashville, TN, where she has practiced medicine.


aug. 3 demand results from politics

Power must produce tangible broad-based gains

NBBM Co-founders Frederick E. Jordan Sr., PE and John William Templeton applied the findings of We're Due: 16th edition  to present a plan to revive the black population in their home base of San Francisco--called BounceBank Black SF.   They noted that only 1,000 of 144,000 new jobs created in the city in the past 12 years went to African-Americans.

Next week, Templeton is in dialogue with a group of decision-makers in Los Angeles where the black population exceeds 1 million, but is not sharing in the area prosperity.  For each of 18 states and 10 metropolitan areas with more than 1 million blacks, We're Due gives policy makers a guidepost for achieving Our10Plan by 2020.   The objective is to raise the share of GDP received by African-Americans from six percent to 10 percent.  The strategy is to change conditions city by city, state by state using best practices for economic development.

Ten Key Factors for Black Business Success

Since 2004, we're used the Ten Key Factors for Black Business Success to rate states on their friendliness to black-owned firms.  See where your state ranks in We're Due: State of Black Business, 16th edition.

global blood therapeutics goes public with $250 M Raise

New quarterly report

SOUTH SAN FRANCISCO, Calif., Aug. 07, 2019 (GLOBE NEWSWIRE) -- Global Blood Therapeutics, Inc. (GBT) (NASDAQ: GBT) today reported recent business progress and financial results for the second quarter ended June 30, 2019.

“We accomplished several significant milestones in the second quarter of this year, including the simultaneous presentation and publication of additional data from the HOPE Study demonstrating voxelotor’s ability to address the molecular basis of sickle cell disease (SCD) by reducing hemolytic anemia. These data support our goal of providing the sickle cell community with a potential new medicine that we believe could address the chronic damage and multi-organ dysfunction that all patients experience,” said Ted W. Love, M.D., president and chief executive officer of GBT. “We are still on track for the potential acceptance of our New Drug Application for voxelotor in the second half of this year, in addition to the initiation of our post-approval transcranial Doppler (TCD) flow velocity confirmatory trial in the fourth quarter of 2019. In parallel, we are continuing our commercial preparations to ensure voxelotor is available to patients living with SCD across the country at the time of potential approval.”

Corporate highlights include:

  • Raised approximately $197.8 million in net proceeds, after deducting underwriting costs and commissions and estimated offering expenses, from an underwritten public offering in June 2019 and related exercise of the over-allotment option in July 2019.
  • Awarded more than $200,000 in grants to five nonprofit organizations through the company’s new Access to Excellent Care for Sickle Cell Patients Pilot Program (ACCEL). The program provides grant funding to support novel projects aimed at improving access to high-quality healthcare for individuals with SCD in the United States.
  • Launched two SCD awareness campaigns, Sickle Cell Speaks, a national patient-focused campaign that aims to break down stigmas associated with the disease, and SCD Silent Damage, which seeks to help healthcare professionals increase their understanding of SCD and the resulting cascade of clinical complications leading to high levels of morbidity and mortality in patients.

Money on The Table on KMTP

The new episode of Money on the Table recognizes the 60th anniversary of Roy Clay's groundbreaking paper to define computer programming and the 75th anniversary of the San Francisco Sun Reporter.

The 15th annual National Black Business Month

Capitalizing the Diaspora on Aug. 1 launched the 15th annual National Black Business Month, designed to create a plan for economic self-sufficiency in the United States, Caribbean, Latin America and Africa with an economic reset aggregating the capital for meeting the right of development during the International Decade for People of African Descent. Join us Aug. 17 at Liberty Hall for Capital for Economic Development on Marcus Garvey's birthday.

15th National Black Business Month

Capitalizing the Diaspora

On the 50th anniversary of his selection as national chairman of the Congress of Racial Equality, we have a living history discussion with Wil T. Ussery.  He picketed a 49ers-Redskins game in 1960; volunteered in the Birmingham children's crusade and brought the strategies to the United San Francisco Freedom Movement, which achieved 375 employer agreements as the most successful economic civil rights campaign of the 1960s, helped elect Carl Stokes as mayor of Cleveland, develop the Harlem Community Development Corp., create the mobilization movement for five African liberation movements in 1969 and co-founded the Black Child Development Institute.  Other participants include Dr. Dikko Umaru Radda, director-general of the Small and Medium Enterprises Development Agency of Nigeria.

Opportunity from Disaster

The 15th State of Black Business report, Opportunity from Disaster, views the impact of climate change on the Caribbean, Atlantic and Gulf states and Africa as the opportunity for economic transformation by leveraging recovery spending in an effective new paradigm for African-American business.

It's About the Details

31 Ways 31 Days drills down to the nuts and bolts of reversing the declines of manufacturing in Africa and of black firms with employees in the United States by channeling public, institutional and private assets in every local community.  It is an engine for progress at the neighborhood level.  For instance, the New York metropolitan area has more than $100 billion in yearly African-American income alone.

31 Ways 31 Days in August

Every day of August is a new opportunity to support black-owned businesses.  Use our daily guidance to change the paradigm in your community and reach out to that industry sector.

Journal of Black Innovation

The Journal of Black Innovation is a six times yearly scholarly chronicle of the most compelling research and entrepreneurship that drives the future geared to customer and investor awareness of overlooked overachievers.

JBE CEO Jerry Ellison on building manufacturing success

National Black Business Month announces a plan to grow the number of African-American firms with employees by creating state and metropolitan area plans that provide the capital for innovators like Jerry Ellison to create jobs.

Attend Aug. 17 on Capital for Economic Development

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17th National Black Business Month

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