Black-owned businesses

Greenwood Launches Greenwood Invest, A Stock Trading and Investing App Built to Enable Wealth Generation For Black and Latino Communities

Retrieved on: 
Thursday, November 30, 2023

Greenwood , the digital financial platform for Black and Latino consumers and businesses, today announced Greenwood Invest, a cutting-edge stock investing and trading app that allows customers to invest in stocks and exchange-traded funds (ETFs).

Key Points: 
  • Greenwood , the digital financial platform for Black and Latino consumers and businesses, today announced Greenwood Invest, a cutting-edge stock investing and trading app that allows customers to invest in stocks and exchange-traded funds (ETFs).
  • Already the largest Black-owned neobank platform in the industry, Greenwood Invest will help strengthen Greenwood’s position as the premier destination for wealth and professional advancement in the Black and Latino communities.
  • "Greenwood Invest is the embodiment of our deep-seated vision for Black and Latino financial empowerment," said Ryan Glover, CEO and Co-founder of Greenwood.
  • Greenwood Invest can now be downloaded on both iOS and Android platforms as part of the main Greenwood app.

Google and U.S. Black Chambers, Inc. Launch Fourth Annual Black-Owned Friday to Empower Black-Owned Businesses Now and Beyond the Holidays

Retrieved on: 
Monday, November 20, 2023

WASHINGTON, Nov. 20, 2023 /PRNewswire-PRWeb/ -- Google, in collaboration with the U.S. Black Chambers, Inc. (USBC), proudly announces the launch of the fourth annual Black-owned Friday campaign. This initiative aims to drive support for Black-owned businesses nationwide, fostering economic empowerment within the Black community. This year's campaign features the talented KeKe Palmer, Emmy Award-winning Actress, and Recording Artist, in a fun-filled video that serves as an inspiring call to action for searching, shopping, and supporting Black-owned businesses 100% of the time.

Key Points: 
  • WASHINGTON, Nov. 20, 2023 /PRNewswire-PRWeb/ -- Google, in collaboration with the U.S. Black Chambers, Inc. (USBC), proudly announces the launch of the fourth annual Black-owned Friday campaign.
  • This initiative aims to drive support for Black-owned businesses nationwide, fostering economic empowerment within the Black community.
  • ByBlack is strategically designed to connect Black businesses with customers, capital, and community, emphasizing the sustained importance of supporting Black entrepreneurs.
  • From the Google Black-owned business attribute to the comprehensive ByBlack Directory, this initiative seeks to simplify the process of discovering and supporting Black-owned businesses.

Tzedek DC and Stackwell Join Forces to Launch DC Young Adult Financial Empowerment Program

Retrieved on: 
Tuesday, November 7, 2023

WASHINGTON, Nov. 7, 2023 /PRNewswire/ -- Today, Tzedek DC and Stackwell announced the launch of the DC Young Adult Financial Empowerment Program, designed to promote greater financial wellness and inclusion for residents of DC. This groundbreaking 12-month pilot program will provide financial education workshops aimed at the specific needs of young adults—like budgeting, managing debt, understanding a paycheck, building credit, and investing—and will provide each eligible participant with $100 in grant funding to start their investment journeys on the Stackwell investment platform.

Key Points: 
  • The 12-Month Pilot Program Will Provide Financial Education, Counseling Services and Seed Capital to Kickstart the Investment Process
    WASHINGTON, Nov. 7, 2023 /PRNewswire/ -- Today, Tzedek DC and Stackwell announced the launch of the DC Young Adult Financial Empowerment Program, designed to promote greater financial wellness and inclusion for residents of DC.
  • Along with a meal at each session, the program will also offer participants access to individualized free financial counseling sessions and will help program participants establish tailored financial plans and achievable goals.
  • Tzedek DC, Stackwell, and their partners are actively engaging with DC community members to remedy this shortcoming by prioritizing financial access and inclusion for young Black adults in DC.
  • For more information about the DC Young Adult Financial Empowerment Program or to register to participate, please visit the DC Young Adult Financial Empowerment Program registration page .

ONEUNITED BANK INTRODUCES WISEONE INSIGHTS, A REVOLUTIONARY AI-DRIVEN FINANCIAL WELLNESS COMPANION

Retrieved on: 
Thursday, October 26, 2023

BOSTON, Oct. 26, 2023 /PRNewswire/ -- OneUnited Bank, the nation's largest Black-owned bank, unveils WiseOne® Insights, a revolutionary financial wellness companion. This groundbreaking AI-driven tool is designed to guide, inform, and protect individuals by leveraging financial literacy. WiseOne Insights aims to improve financial wellness across the nation, while striving to close the racial wealth gap.

Key Points: 
  • BOSTON, Oct. 26, 2023 /PRNewswire/ -- OneUnited Bank, the nation's largest Black-owned bank, unveils WiseOne® Insights, a revolutionary financial wellness companion.
  • WiseOne Insights aims to improve financial wellness across the nation, while striving to close the racial wealth gap.
  • As a financial wellness companion, it literally allows individuals to make better financial decisions thus directly addressing the critical need for improved financial literacy in our society."
  • OneUnited Bank ( www.oneunited.com ) is the largest Black-owned bank in America, the first Black digital bank, a Minority Depository Institution, and a Community Development Financial Institution (CDFI).

Biden-Harris Administration Announces Significant Increase in Lending to Black-Owned Small Businesses

Retrieved on: 
Tuesday, October 24, 2023

WASHINGTON, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced new SBA data showing that SBA-backed loans to Black-owned small businesses have more than doubled under the Biden-Harris Administration, with nearly $1.5 billion in lending.

Key Points: 
  • WASHINGTON, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced new SBA data showing that SBA-backed loans to Black-owned small businesses have more than doubled under the Biden-Harris Administration, with nearly $1.5 billion in lending.
  • “Underinvestment in Black entrepreneurs and other underserved small business owners has limited our economy for decades, and, under the Biden-Harris Administration, the SBA is committed to addressing historic capital gaps to ensure all of our entrepreneurs can create jobs and produce for our economy,” said SBA Administrator Isabel Guzman.
  • The SBA backed 4,781 loans to Black-owned businesses in Fiscal Year 2023 through the agency’s signature 7(a) and 504 loan programs, well over double the number in Fiscal Year 2020 (2.78x).
  • Total loan dollars amounted to $1.45 billion, also more than doubling since the start of the Biden-Harris Administration (2.45x), while the Black share of the SBA’s lending portfolio rose from 3.5 percent to 7.6 percent.

Register to Attend Silicon Valley Accelerator Pitch Session for Black Owned Businesses

Retrieved on: 
Monday, October 23, 2023

SANTA CLARA, Calif., Oct. 23, 2023 /PRNewswire-PRWeb/ -- On Thursday the 26th of October 2023, the Accelerating Black Leadership and Entrepreneurship (ABLE) program, a Black business accelerator organized by the African Diaspora Network (ADN), will host a pitch session and graduation ceremony for the third cohort of the ABLE program in Santa Clara, California.

Key Points: 
  • The African Diaspora Network invites journalists and supporters of Black-Owned Businesses to attend the third pitch session and graduation ceremony for its accelerator program for Black entrepreneurs building innovative and impact-driven enterprises.
  • Almaz Negash, Founder and Executive Director of ADN
    Accelerating Black Leadership and Entrepreneurship (ABLE) is an enterprise accelerator program designed to strengthen, energize, and support startups and small businesses led by Black entrepreneurs in the United States.
  • ADN invites members of the press, journalists, investors, and supporters of Black-owned businesses to attend the in person ABLE pitch session and graduation ceremony by registering here , or join virtually here .
  • Other funders of ABLE include Makahama Foundation, Silicon Valley Community Foundation, California Black Freedom Fund, the County of Santa Clara, KLA Foundation, and Black Rock.

 ‘Tis the Season for Millions of Early Holiday Deals During Prime Big Deal Days

Retrieved on: 
Thursday, October 5, 2023

(NASDAQ: AMZN)—Starting October 10 at 3 a.m. EDT, Prime Big Deal Days will offer some of Amazon’s best savings of the holiday season, exclusively for Prime members, including millions of deals worldwide and even more deals than last year’s October holiday kick-off event.

Key Points: 
  • (NASDAQ: AMZN)—Starting October 10 at 3 a.m. EDT, Prime Big Deal Days will offer some of Amazon’s best savings of the holiday season, exclusively for Prime members, including millions of deals worldwide and even more deals than last year’s October holiday kick-off event.
  • Prime Big Deal Days will offer savings across top categories, including electronics, toys, home, fashion, beauty, and Amazon devices.
  • To take advantage of deals expected to sell out fast during Prime Big Deal Days, Prime members can sign up now for Invite-only deals at an exclusive deal price before the event begins.
  • Prime members can set up personalized deal alerts in advance through the Prime Big Deal Days event page on the Amazon Shopping app.

Granite Telecommunications CEO Rob Hale Honored on 2023 Channel Futures DE&I 101 List

Retrieved on: 
Thursday, September 28, 2023

QUINCY, Mass., Sept. 28, 2023 /PRNewswire-PRWeb/ -- Granite Telecommunications, a $1.85 billion provider of communications and technology solutions to multilocation businesses and government agencies, announced today that Granite's President and CEO Rob Hale is among the honorees on the 2023 Channel Futures DE&I 101 list for the second consecutive year. The list recognizes individuals from a wide spectrum of multicultural backgrounds who are driving diversity, equity and inclusion (DE&I) in technology channels through their words, actions and leadership.

Key Points: 
  • List recognizes individuals working to promote diversity, equity & inclusion in technology channels
    QUINCY, Mass., Sept. 28, 2023 /PRNewswire-PRWeb/ -- Granite Telecommunications , a $1.85 billion provider of communications and technology solutions to multilocation businesses and government agencies, announced today that Granite's President and CEO Rob Hale is among the honorees on the 2023 Channel Futures DE&I 101 list for the second consecutive year.
  • "I'm honored to be named among Channel Future's DEI 101 members.
  • At Granite, diversity, equity and inclusion are more than values - they are fundamental to who we are and how we operate," said Hale.
  • The Channel Futures DE&I 101 lists the most prominent individuals in the technology channel focused on improving their organization's performance and innovation by having the most diverse, equitable and inclusive teams and workplaces.

Megan Thee Stallion Says "Check In On Your Friends" in New PSA with Seize the Awkward

Retrieved on: 
Tuesday, September 26, 2023

NEW YORK, Sept. 26, 2023 /PRNewswire/ -- Seize the Awkward, a national campaign that inspires and prepares young adults (ages 16-24) to talk about mental health with their friends, spotlights three-time Grammy-winning superstar, entrepreneur and philanthropist Megan Thee Stallion in a new public service advertisement (PSA), "Check In On Your Friends," which launched today.

Key Points: 
  • In addition to promoting SeizeTheAwkward.org , the PSA also highlights BadBitchesHaveBadDaysToo.com , Megan's website that offers a wide array of mental health resources.
  • "Partnering with Megan Thee Stallion for our latest Seize the Awkward initiative lets young people know that they don't have to be strong all the time or suffer in silence.
  • We are grateful to Megan Thee Stallion for being open about her struggles and for normalizing mental health conversations."
  • "We are so proud to collaborate with Megan Thee Stallion to further the reach and impact of the Seize the Awkward campaign and elevate her longstanding commitment to mental health.

SBA Data Show Major Increase in Loans to Black-Owned Businesses under Biden-Harris

Retrieved on: 
Thursday, September 21, 2023

“Black businesses are helping to power a nationwide small business boom that is creating jobs, advancing equity in communities across America, and uplifting our economy,” said Administrator Guzman.

Key Points: 
  • “Black businesses are helping to power a nationwide small business boom that is creating jobs, advancing equity in communities across America, and uplifting our economy,” said Administrator Guzman.
  • “Today’s benchmark loan numbers show our work under President Biden’s Investing in America agenda making inroads to support more of America’s Black small business owners.
  • “I applaud the efforts of the Biden Administration and the SBA to help Black small business owners succeed and grow.
  • Total loan dollars ($1.3 billion) and overall share of SBA approved loans (7.5%) to Black-Owned businesses have also more than doubled since 2020.