Business

Pompano Beach CRA Accepts Restaurateur Proposal for ‘Wash House’ Space

      The Pompano Beach Community Redevelopment Agency (CRA) has accepted a proposal by Palm 78 LLC to design, fund, maintain, and operate a seafood and steakhouse restaurant concept in the space known as the “Wash House.” Negotiations between the CRA and restaurant group have now commenced, with the goal of transforming the site into an anchor for the Old Town Arts and Entertainment District. […]

Business

Business, Bank Groups Sue to Stop CFPB’s Fight Against Financial Discrimination

     On September 28, two of the nation’s largest and most influential business groups filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) and its Director Rohit Chopra. The action aims to prevent the CFPB from using its existing authority to protect consumers from racial discrimination when seeking mortgages, auto loans, credit cards, bank accounts, or other financial services.  […]

Business

Tuskegee University Chemist Creates Successful Liquid Nitrogen Ice Cream Business

    An HBCU alumna in Ellenwood, Georgia has found a way to make ice cream better than it already is. As owner of the successful [N7] Kream Lab Nitrogen Ice Cream Lounge, Kelli Bain has attracted customers from far and wide. She uses one special ingredient to help her sweet treats rise above all the competition: liquid nitrogen! Unbeknownst to many, the unusual choice cuts down on freezing times and unnecessary ingredients. […]

Business

Bank Branch Closures in Black America: Key Capitol Hill committees question reasons, effects

     In recent weeks, key Capitol Hill committees held hearings with CEOs of some of the nation’s largest commercial banks. At issue for both California Congresswoman Maxine Waters, Chair of the House Financial Services Committee, and Ohio’s Senator Sherrod Brown, Chair of Senate Banking, are disturbing industry trends like growing mergers, closing bank branches, and a push towards online services that together create ‘banking deserts’ in already underserved communities. […]