Business

Home  /  Business

The Business of Black Beauty: Why More Black Women Aren’t Represented

By Megan Kirk Actor and comedian Chris Rock released a film in 2009 centered around Black women and the beauty industry. Taking a closer look at the relationship between Black women and their hair, the film “Good Hair” uncovered truths about the significant role Black women play in the multibillion-dollar industry. It also helped to highlight the versatility of Black hair and why Black women dominate the hair and...

Read more

A CEO at Work and at Home, Shauntae Lewis Excels as Certified Grant Writer

By Stacy M. Brown, NNPA Newswire Senior National Correspondent Shauntae E. Lewis heard the naysayers – loud and clear. “I heard ‘you won’t amount to this’ and ‘you’re not good enough,’” Lewis, a certified grant writer who owns and operates Grant Life Consulting in Florida. “My inspiration came from a sense of fear and those things that I had heard in my life – in the professional world,” Lewis recalled....

Read more

New Business Alliance Launches with $1 Million Investment Aimed To Give Black Business Owners Better Advantages

By Megan Kirk Detroit’s Black small business owners will soon see a new coalition in place to better serve their needs. Several Black entrepreneurs held a press conference to unveil a new partnership with help from TCF Bank. The Metro-Detroit Black Business Alliance will develop programs and initiatives that will help create revenue and sustainability for all Black business owners in the city. Created in the midst of the...

Read more

Executive Leadership Council Appoints Thasunda Brown Duckett as TIAA CEO

The Executive Leadership Council has released the following statements today regarding the appointment of Thasunda Brown Duckett as TIAA CEO. “On behalf of our more than 800 members, including our nearly 350 Black women executives, it is my great honor to congratulate ELC member Thasunda Brown Duckett on her historic appointment as CEO of TIAA. The Executive Leadership Council (ELC) commends TIAA’s inspired selection of a Black woman as...

Read more

Wells Fargo Makes Major Investment in Six Black-Owned Banks

By Stacy M. Brown The banking giant has selected six African American minority depository institutions (MDIs) for equity investments. Broadway Federal Bank in Los Angeles, Carver Federal Savings Bank in New York, Citizens Savings Bank & Trust in Nashville, Commonwealth National Bank in Mobile, Ala., M&F Bank in Durham, N.C., and Optus Bank in Columbia, S.C., are receiving critical equity capital, because of Well Fargo’s generous contribution. The financial...

Read more

How Can We Narrow the Black Homeownership Gap?

By Chuck Bishop, Head of Diverse Segments for Wells Fargo Home Lending Despite ongoing challenges due to the pandemic, Black Americans joined the many homebuyers looking for a space to call their own during the past year. But even against that backdrop, the homeownership gap for the Black community remains significant, and concerns remain about the overall effect the pandemic-slowed economy and historic challenges will have on long-term homeownership...

Read more