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Financial obstacles and fewer opportunities limit the development of numerous projects set up by Hispanic entrepreneurs. This has a negative impact on the national economy They’re not on the most expensive avenues, nor are they the tallest buildings in town. Yet, they’re crucial to job-creation and the American economy. Beyond the multinationals, the S&P 500 companies and the large chains, there’s an important network of small and medium-sized companies and start-ups that keep the wheels of the economy turning. At the origin of many of these businesses are Latinos, who are currently creating companies at a higher rate than other communities.…

In the vibrant tapestry of the U.S. economy, Latino-owned businesses have emerged as a dynamic and influential force. These entrepreneurs are creating businesses at over twice the rate of the general U.S. population, as their community necessitates high levels of innovation and ingenuity. New businesses owned by Latinos accounted for 36% of launches in 2023, according to a new analysis of Census Bureau data. The Breakdown You Need To Know: Latino-owned businesses are on a transformative journey, set to revolutionize the U.S. economy as they are projected to make up 29% of the population by 2050. Imagine the potential unlocked when these…

The city of Frederick, Maryland, has introduced a new grant program. Access to capital has long been a significant hurdle for minority and women-owned small businesses. To help overcome this obstacle, the city of Frederick, Maryland, has introduced a new grant program that offers $400,000 in total funding. This initiative is designed to provide much-needed capital to startups and established businesses, supporting their growth and development. Eligible businesses can apply for grants of up to $40,000. The city has announced that preference will be given to firms located within city limits and minority and women-owned businesses. This program aims to…

Nicole Wegman, founder and CEO of Ring Concierge, drew on her experience as a product developer to launch her business. What was your day job when you started Ring Concierge?When I first got the idea to start Ring Concierge, I worked as an associate buyer for Bloomingdales; prior to that, I was a product developer for Macy’s. Throughout my time there, I was exposed to many different facets of the business, including the ins and outs of product development, as well as analyzing trends and consumer behaviors and how to leverage all three to forge a successful business. When did you start Ring…

Before Deryl McKissack welcomes a new hire, she makes sure they align with the company’s three-word mantra: humble, hungry, smart. Deryl McKissack, founder and CEO of the construction management and design firm McKissack & McKissack, is keen on hiring employees who are trustworthy, team players capable of upholding her firm’s mission. McKissack & McKissack is centered on growth, diversity, and innovation. The CEO said employees at her firm have “an insatiable appetite for success,” and team members should always be looking forward to new opportunities. The businesswoman runs a multimillion-dollar empire, which BLACK ENTERPRISE previously noted boasts an iconic portfolio that includes the National…

OUR VOICES MUST BE HEARD It is with deep regret that I announce my decision to withdraw from our panel, “Black Leadership and Today’s Media Landscape,” at the 2024 National Association of Black Journalists convention in Chicago tomorrow. The invitation to presidential nominees by NABJ is a great opportunity for the conference constituencies to hear from the respective candidates on their platforms. However, for none of the Black media organizations to be offered the opportunity to interview any candidate is an insult to what NABJ stands for. Moreover, it is indicative of the treatment Black media organizations face in today’s landscape and particularly…

What’s in a name? If you’re starting a business, a lot. Your business name can help make or break your new venture – which means you’ll want to choose wisely. Having a strong company name gives your startup a strategic advantage. It can help you build a recognizable brand, stand out from the competition and get found by potential customers. Take the time to carefully research, register and protect your new business name. Here’s what you need to know. 1. What makes a great business name When creating a name for your new business, keep in mind: “Choosing a business…

Did you know that many fortune 500 companies have committed billions to supplier diversity in recent years, yet many struggle to turn those commitments into reality? Supplier diversity is not only about supporting women, minority, and veteran-owned businesses, but also about business health and sustainability by preventing supply chain disruptions, accessing new markets, improving brand reputation, and much more. In honor of Black Business Month, we’re hosting a dynamic panel conversation with business owners, supply chain executives, and strategy leaders to uncover what’s working and what’s not with supplier diversity today. Moderated by Ipsos’ Janelle James, this session will focus on everything…

The Glitter Gala fabulously supports GABWA Foundation’s scholarship and mentorship programs. The Georgia Association of Black Women Attorneys (GABWA) Foundation hosted its annual Glitter Gala in Atlanta’s Intercontinental Hotel on July 28, taking Hollywood glamour to new heights. This diverse cohort of lawyers donned their finest attire on the black carpet. Local news anchor Karyn Greer returned as the mistress of ceremonies, according to WSB-TV. This year’s theme was “Hollywood Noire: A Vintage Ebony Carpet Affair.” This ongoing effort brings out the foundation’s members to support its scholarship and mentoring programs. The event began with its silent auction, with the money raised going toward…

The Glitter Gala fabulously supports GABWA Foundation’s scholarship and mentorship programs. The Georgia Association of Black Women Attorneys (GABWA) Foundation hosted its annual Glitter Gala in Atlanta’s Intercontinental Hotel on July 28, taking Hollywood glamour to new heights. This diverse cohort of lawyers donned their finest attire on the black carpet. Local news anchor Karyn Greer returned as the mistress of ceremonies, according to WSB-TV. This year’s theme was “Hollywood Noire: A Vintage Ebony Carpet Affair.” This ongoing effort brings out the foundation’s members to support its scholarship and mentoring programs. The event began with its silent auction, with the money raised going toward…