Minority Biz - Small Business Tips and News for Minority Owned, Black Owned, and Women Owned Businesses

Citizens Trust Bank has had something to celebrate in its 95th year: continued relevance. As a gift of sorts for its nearly century-long existence as an institution in the black community, the community gave back to the bank with nearly $1 million in deposits – in just five days last July. The major influx of […]...

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Paul Ryan Elliott, 31, took on his dream and created his own Vodka distillery and brand. As the CEO and Founder of loft & bear Vodka, he has won 11 awards and now has his vodka in Whole Foods, Target and Vons. The post Paul Elliott Creates Award-Winning loft & bear Vodka appeared first on Los Angeles Sentinel....

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NFL Tennessee Titans linebacker Derrick Morgan seeks to tackle major issues facing minority and women-owned business, including capital access. A graduate of the University of Miami’s executive MBA program, Morgan partnered with veteran angel investor Rodney Sampson to start Opportunity Ecosystem to develop inclusive startup technology ecosystems...

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Jay Z is launching a new venture capital fund according to a news report from Axios. Reportedly, Jay Z (Shawn Carter), will partner with the venture capital firm Sherpa Capital, which has invested in companies like Uber, Airbnb, and Slack. He also will partner with Jay Brown, a longtime business partner and president of Roc Nation. The...

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Since the launch of Entrepreneurs of Colors Fund last year, JPMorgan Chase has awarded $2.75 million to nearly 30 minority-owned small businesses, to start up and expand in the Detroit area. More than two-thirds of the loans are supporting neighborhood businesses, creating approximately 79 jobs, and 45% are supporting minority women-owned...

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Compared to national figures, procurement with California’s minority businesses better mirrored the state’s demographics but was still low The post New Report: Top CA Banks Do Little Contracting with Firms Owned by Minorities, Women appeared first on Los Angeles Sentinel....

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Tuesday, 06 December 2016 15:11

BeautyLynk startup wins MassChallenge prize

You don't have to be a celebrity to have at-home glam services on-call, at your convenience. Boston-based startup BeautyLynk, an online platform connecting local beauty professionals with customers, was awarded $50,000 in prize money as a 2016 Gold winner in the MassChallenge accelerator program....

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The racial and gender makeup of investment boards is tied directly to the investment decisions they make, especially when it comes to funding companies led by people of color or female founders, according to a new study released by the U.S. Small Business Administration.SBA Administrator Maria Contreras-Sweet highlighted the importance of the...

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Michael Elliot, a Hollywood screenwriter-turned-entrepreneur who wrote Brown Sugar and Just Wright, saw a need for a nail shop that caters to entrepreneurs, athletes, mechanics, and men who take proper care of their appearance and hygiene. So he created a first-of-its-kind environment that was welcoming to all men. Oversized leather chairs,...

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While the City of Flint, Michigan has made national headlines due to its poisoned water crisis, one local company is drawing positive attention to the community. GoodBoy Clothing recently was awarded $20,000 from AT&T, as the choice winner of its Agility Challenge competition.GoodBoy Clothing is a lifestyle streetwear brand that specializes in...

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