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News

Black small business owners brace for impact of President Trump’s tariffs

President Donald Trump‘s Wednesday announcement of soaring reciprocal tariffs on U.S. imports has resulted in a slump in global markets and serious concerns among investors and consumers alike. The concerns are particularly felt by Black small businesses. “I’m concerned as to whether we’ll be able to survive this,” said Gladys Harrison, owner of Big Mama’s Kitchen & Catering in Omaha, Nebraska. Harrison told theGrio that despite opening the soul food eatery’s doors during the 2007 financial crisis and enduring the […]

todayApril 3, 2025 1

Economy

Black Founder of Innovative AI-Powered Loan Packaging Tool Revolutionizes Access to Capital for Small Businesses

In a groundbreaking move set to change the financial landscape for small business owners, Cynthia Nevels, the visionary behind Integrality, LLC, a Black woman-owned firm, has unveiled her latest innovation: an AI-powered digital loan packaging tool. This pioneering solution, designed to streamline the loan application process, aims to unlock $1 million in capital for small businesses, with a particular focus on empowering women-owned enterprises. To date her Black woman-owned accelerator, Start.Pivot.Grow., has awarded $52,000 in small grants and helped small […]

todayApril 11, 2024

News

Biden takes credit for Black small business boom in America

President Joe Biden is taking credit for what the Biden-Harris administration says has been a boom for Black-owned small businesses, which have seen the fastest-growing pace in over 30 years. “I’m here to celebrate the progress we’re making support Black small businesses here and around the country,” Biden said on Wednesday during his trip to Milwaukee, Wisconsin, to highlight the administration’s billions of dollars of investments in Black entrepreneurship. The president added, “When Black small businesses grow…the community benefits, everyone […]

todayDecember 21, 2023 1