Topics Under Tag: "Entrepreneurs of color"

manufacturing renaissance

In Chicago, Boosting Entrepreneurial Opportunities While Saving Manufacturing Jobs

Anne Field | February 5, 2019

In greater Chicago, most owners of manufacturing companies are not only white, but also are retirement-age and lack a succession plan. Their kids don’t want to take over or they lack the skills to do so. The likeliest fate for those businesses is to be bought by private equity firms that fire the employees, sell […]

Women-Owned Businesses Surge, Led by Black and Latina Owners

Locavesting Staff | September 1, 2018

Women are creating more businesses than their male counterparts, and African American and Latina women are driving that trend. However, women, especially non-white women, still lag in  revenue and job creation. Those are some of the top line findings from the 2018 State of Women-Owned Businesses Report, an annual report commissioned by American Express and […]

Richelieu Dennis

From Sundial and Unilever, an M&A Trend We’d Like to See More of

Jay Coen Gilbert | January 14, 2018

It’s been a busy few months for Richelieu Dennis, the founder of Sundial Brands. After selling Sundial, the personal-care products company he founded, to Unilever in late November, he kicked off 2018 by buying Essence, the storied black culture magazine, from Time Inc., returning the magazine to black ownership. “I’m very focused on giving back, investing and […]

barriers to capital

Innovators Face Challenges in Breaking Down Barriers to Capital for Underserved Entrepreneurs

Sarah Trent | June 2, 2017

In just a few short years, MORTAR, a small business incubator in Cincinnati, has made impressive strides in helping longtime residents in fast-gentrifying neighborhoods start businesses and grow in tandem with their neighborhoods’ fortunes. Since 2014, the incubator has expanded from its original location in Over-the-Rhine to include three other Cincinnati neighborhood programs as well […]

Black business owners

A New Accelerator Sets Black Business Owners up for Success

Sarah Trent | March 30, 2017

The wealth disparity between Black and White Americans is widely documented—Black households across the country average about one tenth the median net worth of White households. In Washington, D.C., that gap is more like a chasm: White households have a net worth 81 times greater than the District’s Black households. The reasons for the national […]