We're Due: State of Black Business, 16th edition
The annual scientific proceeding of the Journal of Black Innovation is a time to display products, features and opportunities. One of the 50 Most Important African-Americans in Technology is Lt. Gen. Darrelll Williams, who speaks at 11 a.m. about how small firms can compete for defense purchases. Participate in person for limited seating or be part of one of the remote sites around the country including Chicago, St. Louis, Philadelphia, Brooklyn and Washington, D.C.
President and CEO of National Association for Equal Opportunity in Higher Education has embodied UMOJA or unity with a single-minded purpose of preserving and renewing historically black colleges and universities, culminating in the new FUTURES Act, with permanent federal funding for HBCUs for the first time. She won the lifetime alumni achievement award during the 150th anniversary of Howard University School of Law in 2019. With $14.3 billion of economic impact, HBCUs are the most important financial engine for black communities.
Osei Rubie is the founder and president of National Standard Abstract (NSA), a full-service title insurance agency with expertise in residential and commercial real estate transactions.
Disrupting the black experience has always been the guiding principle of Rubie, whose family of activists and entrepreneurs instilled in him the importance of representation and upward mobility within the African Diaspora. His success enables Kugichagulia or self determination.
Mark Wilson is putting jobs in overlooked communiites with call centers, demonstrating collective work and responsibility by lifting all with progress.
The longest serving African-American financial executive, leading Liberty Bank since 1972, is not resting on laurels, but expanding from New Orleans to 9 states with products designed specifically for communities without banking services, the embodiment of cooperative economics
Following the mission of her father, who began building affordable housing in Bedford Stuvesant in 1967, Ericka Keller embodies NIA or purpose by incorporating education and entrepreneurship into her developments.
The virtue of creativity blossomed when Mark Bradford took the end papers from his mother's hair salon in Leimert Park and turned it into highly sought after fine art, using the success to renew his community.
The African Methodist Episcopal Church began in our darkest hour, flourished as we gained freedom and has sustained a global witness that connects our heritage with our progress. It is a constant reminder of how faith is our foundation.
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.
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.
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
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.
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
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Have a story idea for us? Would you like to write for us?
Send us a message and let us know what you are thinking about.