Monthly Archives: September 2016

U.S. Small Business Administration and Milken Institute Partner to Increase Minority Lending

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More than other segments, African American-owned small business are experiencing a lack of access to credit. Based on the 2010 Census, small businesses have accounted for the largest driver of job growth in the United States and the largest segment in aggregate, with 99.7% of U.S. employer firms defined as small businesses. The African American segment has also contributed to the small business growth in the United States at an astonishing rate. From 2002-2007, black-owned businesses increased at triple the national rate, 60.5% versus 18%, respectively.

Without access to credit, businesses face an increased likelihood of failure, which trickles down to the broader community by paralyzing economic growth and development. Currently, there are many organizations tasked by the U.S. Small Business Administration (SBA), the U.S. Treasury, and other government agencies to provide capital and related resources to underserved small businesses, but the shortcomings of these programs are apparent.

On Monday, September 26, 2016, SBA and the Milken Institute announced the Partnership for Lending in Underserved Markets (PLUM) initiative. This trailblazing program is designed to develop and test initiatives that will provide capital to minority owned-businesses more effectively, throughout the United States.

The PLUM Task Force launch was held at the Reginald F. Lewis …read more      

How Non-Techies Can Break Into the Tech World

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You are attracted to all of the potential hype, money, and allure of Silicon Valley—and you want in. However, you do not know how to code or may have never worked in tech before.

So, how do you become part of the tech world? Startup Grind offers some good advice.

Startup Grind is a global community for entrepreneurs. This community expands over 85 countries and includes 400,000 entrepreneurs. Breaking into the technology scene, they advise that it “remains a feat, slowly and deliberately accomplished.”

Investor Semil Shah of Haystack Ventures offers specifics for making it in the tech space:

  • Follow your interests.
  • Help every good person you meet; and not just follow-up help, go above and beyond what they expect.
  • Make diligence, listening, and doing what you say you’re going to do habitual.

Other Great Advice From Startup Grind

Look for cross-functional relation programs. That phrase is a mouthful, but it simply refers to programs companies, such as Microsoft, LinkedIn, Box, and Visa, that offer college students and recent grads the chance to intern in different departments throughout their companies. The great thing about these opportunities is that they are tailored to those who are not seeking engineering roles at tech companies.

You …read more      

This Organization of Black Men Helps You Go To College For Free

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free money

The 100 Black Men of Chicago, the windy city’s preeminent mentoring organization for young, African American men and women, will host its fourteenth annual College Scholarship Fair at the UIC Pavilion on Saturday, October 8, from 9:00 a.m. to 2:00 p.m.

More than 5,000 high school seniors, juniors, and sophomores from the Chicago area—including downstate Illinois, Indiana, Michigan, Wisconsin, and Missouri—will meet with recruiters from more than 250 colleges and universities. At the College Scholarship Fair, recruiters are prepared to make instant admissions decisions and offer scholarships.

Over the previous 13 years of the College Scholarship Fair’s history, millions of dollars in scholarship money has been offered to students, making college possible and more manageable for many. Additionally, community-based organizations and corporate partners conduct educational workshops at the fair to help students better understand and navigate the college admissions process.

“The College Scholarship Fair provides a counter-narrative to the negative headlines about youth in our community,” said Carl Tutt, president of the board of the 100 Black Men of Chicago, in a statement. “We know that education is key to reducing violence; however, for many of our African American students, financial ability is a barrier to higher education. The 100 …read more      

Millionaire Shawn Saunders Talks Bahamian Pride and Success

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Entrepreneur, author, founder, CEO, and self-made millionaire Shawn Saunders is obviously a lot of great things. At the core of all this greatness lies a proud Bahamian who migrated to the U.S. with a level of determination that has since proven to be abundantly fruitful.

Black Enterprise caught up with the Saunders, who is the founding president and CEO of Global Business Management (GBM) Solutions, owner and director of Berma Research Group, founder of the nonprofit Empower to Prosper, L.L.C., and author of The Covenant of Peace, to find out how her Bahamian heritage has played a significant part in her success.

Black Enterprise: How does your Bahamian descent influence your career as an entrepreneur?

Saunders: Coming from a family of entrepreneurs and professionals, it was expected that I pursue higher education, training, and eventually ownership of a business. The level of accountability made it almost impossible to settle for anything less. My relatives and neighbors were self-employed individuals that created a future from the resources of our environment, implementing the basic principle of “moving in 3-D”: desire, determination, and discipline. As a money coach, I teach people these core values to foster self-confidence (behavioral and psychological) in the daily management of …read more      

Student no longer at Tennessee school after disrupting Black Lives Matter … – Reuters

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A student is no longer enrolled at a Tennessee university after attending a Black Lives Matter protest on campus wearing a gorilla mask and handing out bananas, a university official said on Friday. The student, identified by the Eastern Tennessee
Police: Student admits he wore gorilla mask to taunt Black Lives Matter protesters. Now he’s charged with civil
Black Lives Matter rally crasher no longer enrolled at ETSU, attorney issues statementWCYB
Tennessee student arrested at Black Lives Matter protestOrlando Sentinel (subscription)
all 13 news articles

…read more      

60 Second With Joiee: Get A Sneak Peek of Norma Kamali’s Spring 2017 Collection

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Designer Norma Kamali’s team gave us a sneak peek of her Spring Summer 2017 collection. Kamali is best known for designing clothes that celebrates every aspect of a woman’s life. After our recent trip to the showroom, we realized two things. First, we need a vacation, stat. You have to have somewhere to wear those elegant and sexy swimsuits, right? Second, the one-piece swimsuits are everything. When we laid eyes on her tropical parrot print suit, we suddenly had the urge to lay on the beach with a exotic drink in our hand. We’re not the only ones enamored with Norma Kamali — celebs like Beyoncé and Whitney Houston have been photographed wearing her line. Though we couldn’t stop swooning over the swimwear, there was so much more to the collection. Let’s not forget everyday wear. There’s a big selection of styles for the modern woman. From trench coats in pale pinks to animal prints, that are making a huge comeback in Fall and will carry through to Spring. Every aspect of this collection brings style to women on the go. Norma Kamali Spring/Summer 2017 hits stores in February 2017. But if you’re feeling ancy, you can find similar styles …read more      

WATCH: P.Diddy Talks to us About His Fourth and Most Exciting New Fragrance 

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Puffy, P. Diddy, Sean Combs and Sean John all came together as one, for the launch of the music mogul’s fourth men’s fragrance, the eponymous Sean John! The debut took place in New York City at Macy’s on 34th Street, and the crowd went wild to get a whiff of the new scent. ESSENCE was on hand to chat with Diddy about this exciting new launch and get the scoop on why it’s so special. Check out the video above! …read more      

Civil Rights activist Walter Fore, Jr. passes away at 77 – WSET

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LYNCHBURG, Va. (WSET) —Civil rights activist Walter Fore Jr. passed away at the age of 77 at his Lynchburg home Friday morning. Fore lived with his wife Julia in Lynchburg and they had seven children. He was hired by the Glay Morgan Pipe Company …
Lynchburg civil rights leader Walter Fore Jr. dies at 77Lynchburg News and Advance

all 23 news articles

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LOOK: Janet Jackson Spotted With Growing Baby Bump

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When it was first announced back in April that Janet Jackson was putting her world tour on hold to pursue starting a family, many fans were left disappointed that they wouldn’t get to see the icon in concert anytime soon. However when it was finally revealed in May that Janet was indeed pregnant and obviously had to postpone things, disappointment turned to excitement pretty quickly. She has been virtually MIA since the pregnancy news broke, but was finally spotted recently wearing a beautiful pregnancy glow.

Known to stay out of the public eye when she doesn’t have anything to promote, Janet Jackson made a rare public appearance recently that finally gave fans a glimpse of how she looks in all of her lovely pregnant splendor. Entertainment Tonight has the exclusive details of Janet’s baby bump and where she was headed when she was captured by the paparazzi.

Via Entertainment Tonight:

[In photos] taken Tuesday afternoon, when she was spotted out and about in London with a visible baby bump. Jackson, who is rarely photographed in public, was seen leaving the baby furniture store Back In Action wearing sneakers, dark sweatpants, a black sweater and a matching scarf and headband.

An …read more      

Watch: Laila Ali Stands By All Lives Matter Because Of Sponsors?

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31st Annual Salute To Women In Sports - Arrivals

Laila Ali apparently doesn’t have the same beliefs as her iconic father Muhammad Ali.

The boxer stopped by Huffington Post Live earlier this week and revealed her opinion on the Black Lives Matter Movement. Laila discussed why she won’t publicly support the movement online, saying she doesn’t believe an Instagram post or tweet can really change anything. Ali explained to host Jacques Morel, “By me not posting, it doesn’t mean that black lives don’t matter. To me, it’s obvious that black lives matter. And then… I’m like, what is posting going to do? What is speaking out going to do?”

She continued to explain that she believes she may lose endorsement deals and fans if she speaks out for Black lives, telling Morel, “Yes, black lives matter. Yes, white lives matter, asian lives matter. All lives matter. And that’s kind of what my focus is. But it’s hard because, you know, you’ve got sponsors and you’ve got this and you’ve got that. And you don’t want to step on anybody’s toes. And you’re trying to be politically correct, but at the same time trying to uplift your people.”

Just like Venus Williams, Laila Ali is proof that you <a target="_blank" href="" …read more