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☆ Black women are the fastest-growing group of entrepreneurs in the U.S.—meet 3 who grew their side hustles into successful businesses
▼ + stars: | 2024-02-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Black women make up less than 10% of the U.S. population, but they've emerged as the fastest-growing group of entrepreneurs, new research from GoDaddy has found. The number of Black women-owned businesses in the U.S. was trending upward even before the Covid-19 pandemic, which accelerated entrepreneurship overall. Between 2017 and 2020, the number of Black women-owned businesses increased by nearly 20%, far exceeding the growth of women-owned businesses and Black-owned businesses overall, the Brookings Institution reports. Ofodu's decision to leave Instagram reflects a larger trend of Black women ditching corporate jobs and flocking to entrepreneurship for more freedom, fulfillment and flexibility in their careers. "When I go to industry events, I'm still one of the few Black people or women in the room," says Frelow, 53.

Persons: they've, we're, Joy Ofodu, Instagram, Brianna Doe, Doe, Jessica Juniper, Alexis Rivera Scott, Rivera Scott, Leslie Frelow, Frelow, hasn't, I'm Organizations: Brookings Institution, Universal Service Administrative Company, Federal Communications Commission, Association of African Locations: U.S, Instagram, Phoenix, Boise, Washington ,, Maryland

Black students are far less likely to have access to high school personal finance classes. But high schools with a majority of Black students are less likely to have a guaranteed personal finance course in their high schools. The student debt gapBlack borrowers are disproportionately burdened by student loan debt. Student debt can be daunting, but there are scholarships out there for Black students. 4. Credit discriminationRedlining is a well-known form of credit discrimination , but the issue goes beyond mortgages.

Persons: —, Tiffany Aliche, Pell, Biden, There's, Homeownership, doesn't, Aliche Organizations: Service, Finance, The Institute, College, NPR, National Bureau of Economic Research, Housing, Federal Reserve, Civil, Equal, The Association of African American Financial Locations: Brookings, Zillow

[1/2] Mayor of Lisbon Carlos Moedas speaks during the opening ceremony of Web Summit, Europe's largest technology conference, in Lisbon, Portugal, November 1, 2021. REUTERS/Pedro NunesLISBON, July 1 (Reuters) - The mayor of Lisbon has been accused of "boycotting" Portugal's first memorial to victims of slavery, a long-delayed project in a country still struggling to confront its role in the transatlantic slave trade. The mayor's office did not immediately reply to a request for comment. According to DJASS, the mayor's office said in April DGCP and EMEL had not given their approval, meaning the memorial had be located elsewhere. DJASS said the mayor's office was dealing with the memorial in a "negligent and disrespectful way" and accused it of adopting a strategy of boycotting the project.

Persons: Lisbon Carlos Moedas, Pedro Nunes LISBON, DJASS, Carlos Moedas, Moedas, EMEL, Catarina Demony, Giles Elgood Organizations: Web, REUTERS, Portugal's Association of African, Campo das, Directorate, Cultural Heritage, Thomson Locations: Lisbon, Portugal, Campo, Brazil, DGCP

☆ Only 1% of US wineries are Black-owned. These entrepreneurs want to change that
▼ + stars: | 2023-06-19 | by ( Jeremy Harlan | ) edition.cnn.com time to read: +8 min

It’s a problem that the guests at the Black on Black dinner, and many others, hope to change. “What we’re trying to do is change what leadership looks like and bring more people into the wine industry. Ikimi Dubose-Woodson leads The Roots Fund, a non-profit working to create opportunities for minorities to have successful careers in the wine industry. “The amount of money and wealth that’s generated in the wine and spirits industry is never talked about,” said Burston. Connection and communicationA lack of communication between the predominantly White-owned wine industry and minority communities has also slowed diversity efforts, several dinner guests agreed.

Persons: Channing Frye, CJ McCollum, Carmelo Anthony, Chris Paul, Dwyane Wade, Damian Jones, Marcus Samuelsson, “, Alicia Towns Franken, ” Franken, Franken, Jeremy Harlan, CNN Franken, George Floyd, Breonna Taylor, ”, Ikimi Dubose, Woodson, “ It’s, ” Dubose, Donae Burston, Burston, I’m, Dubose, Nathan Lefebvre, Frye, Jay, we’ve, ’, ” Frye, Amir Shafii, you’re Organizations: Aspen, Colorado CNN, NBA, Wine Co, Association of African, CNN, Wine, Roots Fund, Fund, Blacks, La, Cleveland Cavaliers Locations: Colorado, Caribbean, Chicago, Aspen , Colorado, Holstein

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