Browsing: Business

     But fair housing for whom? While homeownership has been the primary means for most American families to build and pass on inter-generational wealth, Blacks rank last in their ability to achieve the wealth-building benefits of buying a home.

Mike Mayden, a former major-league baseball scout and now the Founder of A League of Our Own (ALOOO), the only Black-owned independent baseball league in the United States, is inviting Black-owned businesses to take advantage of available sponsorship opportunities. In September 2024, the 501(c)3 non-profit organization will schedule 30 games in 30 days and is looking to develop a network of boosters, financial supporters, donors, sponsors, and/or underwriters to help sustain and cultivate the future growth of the league.

     Teachers, social workers, and other public servants are among those expected to benefit from recent Biden Administration efforts to expand eligibility for federal student loan forgiveness.

     The deal involves CODI paying $380 million for the majority stake, and The Honey Pot’s existing leadership team will stay in place, retaining a significant minority stake. Despite a muted reaction from shareholders, the acquisition is a milestone for the Black-owned brand and the period care space, challenging dominant brands like Kotex, Playtex, Always, and Tampax. The brand has been vocal about de-gendering the period care space and developing better, safer products for the Black community.

     Whether discussing kitchen table economics, or yesteryear’s grievances, money – or the lack thereof – is an ongoing and dominant concern. Now is a good time to examine the policies and practices contributing to why Black wealth remains so elusive for people whose work ethic is often far larger than their paychecks.

The historic signing of this neutrality agreement shows Imola EV’s commitment to the American workforce’s right to Unionize without corporate influence or interference. Imola Automotive USA has secured land in Oklahoma, Georgia, Florida, and Arkansas where it plans to build “six manufacturing plants that will each grow to employ 7,500 employees with a total workforce of 45,000. Imola’s business culture is one where an employee’s quality of life and work balance are to be a priority. Allowing workers the opportunity to unionize is in line with Imola EV’s corporate priorities,” says its Chairman / CEO Rodney Henry.

     The rate of Black homeownership in America has never reached 50%, a level other racial and ethnic groups hit in years past. The closest the Black community has ever come to it was in early 2004 when it hit 49.7%. It has been rapidly declining in the nearly 20 years since, hitting its lowest point in early 2019 at 40.6%.

While still near historically low levels, Florida’s unemployment rate inched up to 2.9 percent in November.

During the City of Tamarac’s Dec. 13, Regular City Commission meeting, the Tamarac City Commission unanimously voted to appoint District 2 Commissioner, Morey Wright, as the City’s Vice Mayor.

Bank of America today announced United Way of Broward County and Arc Broward as the 2023 Neighborhood Builders® awardees for their work advancing economic mobility and building up underserved neighborhoods in Broward County.