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Courtesy of Black Information Network A father-son duo has made history after launching the first-ever Black-owned athletic supply company, Black Enterprise reports. Oronde Booker and his 14-year-old son Kendall are the founders of Book Dawg Sports, an Atlanta-based sporting goods company. After years of supporting Kendall at sports practices and games, Oronde noticed that all of the equipment used by teams was developed by four major companies, none of which were Black-owned. The father was inspired to create a company with his son that could join the ranks of other major suppliers of athletic products. “When thinking about sports, it’s likely

Black Pearl Global Investments – a Black-owned asset management firm focused on reducing health disparities across the globe – has entered into an agreement to acquire Florida-based contact lens manufacturer Hydrogel Vision Corp. (HVC). As a result of the acquisition, HVC will be known as Black Pearl Vision, becoming the only Black-owned and woman-owned contact lens manufacturer in the world. The deal is expected to close by mid-September. “It’s exciting to celebrate this milestone as we close out National Black Business Month,” said Dr. Shante Williams, CEO of Black Pearl

By Stacy M. Brown, NNPA Newswire Senior National Correspondent Isiah Thomas played basketball with the tenacity not often seen in today’s game. Whenever a team outscored his Detroit Pistons, it only meant a negative mark in the loss column, but never total defeat for Thomas. An NCAA champion at Indiana, and a two-time NBA champ with the Pistons, much like basketball, Thomas has followed up his on-court success with an almost peerless triumph in the business world. He told the National Newspaper Publishers Association’s live morning show, “Let It Be Known,”

A campaign that aims to enhance the digital capacity of 1 million Black-owned businesses and grow their revenue by engaging customers through technology is being introduced in Tuskegee at the 122nd anniversary of the National Business League (NBL). A historic announcement will be made Aug. 22 and 23 concerning a project the NBL is spearheading in partnership with sponsor American Express. The goal is to transition 1 million Black-owned businesses into the digital economy by 2028. The five-year campaign, the Black Economic Freedom Movement, will kick off in January 2023 to relaunch the NBL with local

NBA veteran point guard, entrepreneur, and philanthropist, Russell Westbrook, has formally entered the digital media sector by launching Russell Westbrook Enterprises, new digital media division, RW Digital. The division has architected specific programmatic solutions that enables brands to more efficiently reach diverse audiences and amplify owned and operated minority publishers. Since ascending, Westbrook's business portfolio has grown to touch multiple verticals including Venture Capital, Fashion, Real-Estate, Insurance and now Digital Advertising. With the driving force of resourceful betterment for his community being the focal point, Westbrook has intentionally expanded his

America continues to plod the course toward a clean energy nation – albeit glacially. Though hampered by an aging infrastructure and other factors, widespread clean energy – or power that does not, in its generation and consumption, add pollution or contribute to climate change – appears to be a certainty. Unfortunately, this particular scenario could lead to yet another great divide for African Americans. As the world slowly moves toward increased clean energy generation, a gap is widening and hindering African Americans positioning themselves to benefit from the

BasBlue, a nonprofit space dedicated to creating pathways and opportunities for women, opened its doors in October 2021. Today, it is a community of nearly 700 women, 60% of whom live in the City of Detroit. Now, BasBlue is launching its next chapter: The BasBlue Foundation. The Foundation’s initial goal is to raise $2 million before the end of 2023 to support fellowships and opportunities that empower women and girls by providing tools and resources to support their education, careers and increase their access to capital. Thanks to

United States Bankruptcy Court Approves $11 Million Sale of 'Black News Channel' Assets to Allen Media Group Byron Allen's Allen Media Group (AMG) is proud to announce that the Northern District of Florida, Tallahassee Division of the United States Bankruptcy Court, (Case No. 4:22-bk-40087-KKS) issued an order approving the sale of "substantially all of" Black News Channel (BNC) "assets free and clear of all liens, claims, encumbrances and interests" to AMG's networks division. AMG is acquiring BNC out of bankruptcy for $11 million from billionaire Shahid Khan, owner of the NFL's Jacksonville Jaguars franchise. Khan invested over $100 million into BNC. AMG's acquisition of BNC will add 300 million linear and digital

Courtesy of Black Information Network The nation's first African American female Secretary of State is joining the Denver Broncos as a minority owner of the team, CBS Sports reports. On Monday (July 11), the Broncos announced the addition of Condoleezza Rice to its ownership group. Rice joins the ranks of Mellody Hobson, who became the first Black female NFL owner with her addition to the Broncos last month. "A highly respected public servant, accomplished academic, and corporate leader, Secretary Rice is well known as a passionate and knowledgeable football fan who has worked to make the sport stronger and

By Hiram Jackson Fresh off of the Juneteenth and the Fourth of July independence celebrations, most Americans are getting back to business and addressing the sometimes arduous challenges of everyday life. In particular, financial challenges are a fact that is becoming more difficult and even taxing for many Americans, particularly Black Americans. Historically, Blacks have suffered severe economic and wealth disparities coupled with the educational and social inequities that have been an ongoing reality for centuries in our daily living. True, these issues were exacerbated by the pandemic, but even before the pandemic, we were