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Entrepreneurs Gather to Network, Inspire, Engage and Educate Each Other

Donteacia Seymour, President and CEO of the Founders Brunch sent out a call to all entrepreneurs, Founders and CEOs of small businesses to attend a unique networking event. One attendance pre-requisite asked participates to complete an application detailing how the Founders Brunch could expand their business. “Entrepreneurs are the new American superhero, and everyone wants to be one. What most don’t know i ...

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Have Hip-Hop and Wall Street Destroyed Soul Music?

By Harry C. Alford NNPA News Wire Columnist Black people have always had a strong affinity for music. Soon after our forefathers were let off the slave ships and sold to plantations we started singing. Much of that was developed in the “Mother Land.” During a visit to Kenya, I went to a music event. One of our hosts told us that the entertainment was from the Congo. I started to hear some similarity with Af ...

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Lender Discrimination May Be Pushing Black Churches Into Bankruptcy

Lender Discrimination May Be Pushing Black Churches Into Bankruptcy Predominantly African American congregations make up one-fifth of U.S. religious congregations but three-fifths of church Chapter 11 filings. by Patrick Clark (Bloomberg) A long line of research shows that black consumers pay higher rates for credit, includingmortgages and car loans. A new study suggests the same kind of financial discrimin ...

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Florida’s Black Media Celebrates Contributions to State’s Four Million Plus Minority Population

Orlando, Florida—The Florida Association of Black Owned Media, Inc. outlined an aggressive agenda for 2016. FABOM celebrates its ten year anniversary on December 22. The state’s oldest and largest African American media organization consists of the state’s most influential African American media reaching over 4 million Floridians each week. While “Majority” newspapers are struggling with dwindling subscript ...

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Five Things to Do With an Unexpected Inheritance

By Nathaniel Sillin Unexpected money from a friend or relative can be a great surprise or a potentially difficult money lesson. How you plan for unexpected money issues overall can be a key to how well you'll handle a sudden windfall. Many people don't do so well. A recent study from Ohio State University suggests that adults who inherit money are saving only about half of what they receive. Researcher Jay ...

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Janice L. Mathis Named Executive Director of the National Council of Negro Women

The National Council of Negro Women (NCNW) has appointed Janice L. Mathis as the Executive Director of the 80-year old non-profit organization. Before relocating to Washington, D.C., Ms. Mathis will serve out the year as Vice President of the Citizenship Education Fund (CEF), a position she has held since 2000. “Janice Mathis, with her broad-based experience as a lawyer, negotiator, advocate, administrator ...

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RushCard Faces Class Action Lawsuits

By Samara Lynn, blackenterprise.org Russell Simmons tells HipHop DX that the RushCard debacle was devastating There have been several class action lawsuits filed against UniRush, LLC—the company that manages Russell Simmons’ RushCard prepaid card service. In October, a tech glitch left many RushCard users unable to access their funds. In a hurricane of posts across Twitter and Facebook users complained of n ...

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Don’t Let the Last-Minute Holiday Rush Crush Your Budget

By Nathaniel Sillin For all the planning we do during the holidays, the last couple of weeks before the big parties and family gatherings can trip up the best of budgets. Perhaps what's needed is some last-minute tricks to keep overspending to a minimum. Here are a few ideas to get you through. Track your spending. If you're close to the upper end of your budget and you're not quite sure what's happened, go ...

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How new equity crowdfunding rules will benefit black entrepreneurs

According to a 2006 study, African-Americans are 79% more likely to be interested in entrepreneurship than whites. Yet African-American–owned businesses have lower annual revenues, profits, and payrolls and fail at higher rates than white-owned businesses. The Securities and Exchange Commission (SEC) recently passed new rules on equity crowdfunding that have the potential to change all that. According to th ...

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What Happened to Black Business Loans?

By Harry C. Alford NNPA News Wire Columnist During the 2000 Presidential Election, President George W. Bush made a written pledge to the National Black Chamber of Commerce® (NBCC). He claimed that he would focus on the doors leading to increasing capital access for minority businesses. To our astonishment, he delivered on that pledge while Candidate Al Gore refused to make such a pledge. That pledge began e ...

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