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Welcome to the Black Business Directory and Blog! We help empower Black entrepreneurs by promoting relevant news, success stories, and other valuable resources that stimulate entrepreneurship in African American communities. Check out our latest posts below:

Tuesday, October 23, 2018

Meet the First African American Entrepreneur to Develop His Own 4G LTE Smart Phone

Freddie Figgers, CEO and founder of Figgers Communications, owns the first and only Black-owned telecommunications firm competing head-on with AT&T, Verizon and T-Mobile

Freddie Figgers, founder of Figgers Communications

Freddie Figgers is an inventor, computer programmer, software engineer, and entrepreneur. He is the youngest person in history to hold a FCC license, which allows him to operate his own cell phone company. (Watch his amazing story on video!)

Monday, October 22, 2018

Meet the $100 Million Woman Who Created the “Love & Hip Hop” Franchise

Mona Scott-Young, creator of Love & Hip-Hop franchise

Mona Scott-Young is one of cable television's most sought after executives. She is the CEO of multi-media entertainment company Monami Entertainment, which is best known for creating and producing VH1’s most popular docu-franchise Love & Hip Hop.

Friday, October 19, 2018

Black Mother-Daughter Entrepreneur Duo Launches Clever Solution for Hands-Free Handbags!

Rhonda and Jennifer Arthur, founders of Strap Dragons

Let’s face it, if you frequently carry a two-strapped handbag, you have undoubtedly struggled with keeping your straps from falling off your shoulder. But two African American entrepreneurs, Rhonda and her daughter, Jennifer, are experts on this irritating issue.

Thursday, October 18, 2018

7 Black-Owned Brands That Have Created Unique Products For Children

Black entrepreneurs who are the owners of companies that produce products for children

Americans spend trillions of dollars every year, and more and more Black entrepreneurs are setting up shop to get in on the action. In fact, there are more Black-owned businesses now than there ever have been. Recognizing how profitable it can be to produce products for babies and children, many have decided to take on this multi-billion dollar industry!

Tuesday, October 16, 2018

Once Homeless, This Black Entrepreneur Now Owns a $20 Million Trucking Company

Amari Ruff, founder and CEO of Sudu

34-year old Amari Ruff had a rough start growing up. As a teenager, he had to balance studies and work to help his mother make ends meet while moving between homeless shelters. But now, he owns a multi-million dollar trucking company called Sudu that connects underserved entrepreneurs to giant companies such as Walmart and UPS.

Monday, October 15, 2018

50 Cent Signs New Deal With Starz Worth $150 Million -- The Biggest Deal in Premium Cable History!

Rapper and entrepreneur 50 Cent

Rapper and producer 50 Cent has just landed a 4-year deal with Starz worth up to $150 million. His new deal with the premium cable network will include a three-series commitment through his G-Unit Film and Television company.

Tuesday, October 9, 2018

Meet the Black Billionaire Who Adobe Just Paid Another $3 Billion For His Cloud Software

Robert F. Smith, Black billionaire

Back in 2016, African-American billionaire Robert F. Smith, founder and CEO of Vista Equity Partners, made a big bet when he paid $1.8 billion for the cloud-service company, Marketo. Well, that bet has significantly paid off... because he just sold Marketo to Adobe Systems, Inc. for $4.75 billion, which has earned him a profit of just about $3 billion - the largest acquired profit from a single company in the last 20 years.



Top Black Business Conferences, Workshops, and Seminars:
Every year, many Black business conferences are held across the country that specifically cater to established or aspiring African American business owners, professionals, authors, bloggers, and more. Literally thousands of people travel to network and do business at such events. These events are usually held in cities like Atlanta, Chicago, and New York, and typically include extensive training workshops, powerful speeches, power networking sessions, grand hall expos, and more. [Find an event to attend...]



Top Black and Minority Business Grants and Funding Opportunities:
From time to time, there are Black and minority business grants available to help African American and other minority entrepreneurs. Sometimes, they grants are offered by major companies, non-profit organizations, and even government agencies. Admittedly, such opportunities can be very difficult to find as many have been discontinued. Others in the past were offered as one or two year programs and did not renew. Despite this, such opportunities are real and are more often offered through local programs compared to national. [Get funded...]



Top Black and Minority Business Organizations:
There are many non-profit Black and Minority business organizations that aim to be of assistance to African American business owners. They are very helpful resources that offer valuable assets including grants, seminars, literature, consulting, and professional networking opportunities. There are also several government agencies that aim to assist minority business owners, including Hispanics, Asians, Native Americans, and even women of all ethnic backgrounds. [Find the right organization for you...]



Top Black Business Magazines, Publications and Blogs:
Believe it or not, there are hundreds of Black business magazines - that is, business-focused magazines that target African American readers. There are also many publications that are focused on professional career development. Some are local, some are national, and some are even international. Many are even available as digital publications via your laptop, tablet or smartphone. There are also many blogs that can be very helpful and resourceful to both aspiring and established Black business owners. [Find a publication that meets your needs...]



Interesting Facts & Statistics About Black-Owned Businesses:
Black-owned businesses accounted for about 28% percent of all businesses in Washington, DC, the highest ratio in the nation. Second, was the state of Georgia, where 20% of businesses were Black-owned, and the state of Maryland, with about 19% in Illinois. The state of New York, however, has the most Black-owned firms at 204,093 but this only accounts for 10.6% of the businesses in the state. Second is the state of Georgia, third is the state of Florida, and fourth is the state of Texas with the most Black-owned businesses but not necessarily the highest ratios. [Learn more...]