entrepreneurs

L.A.County Department of Economic Opportunity Announces $25 Million Investment to Help Small Businesses

On Wednesday, May 1, the Los Angeles County Department of Economic Opportunity (DEO) held a Virtual Briefing announcing a partnership with 15 local community-based organizations to launch the Economic Mobility Initiative (EMI), a $25 million investment to support the startup and growth of local entrepreneurs, businesses, and nonprofits.

From Lena Horne to Beyoncé, Universal College of Beauty School produces stylists to the stars

Celebrity hairstylist Tiffanie Dixon grew up mingling with young Hollywood while attending Beverly Hills High School, but for lessons in glamour, fashion and style, she drove to the Crenshaw District, where she later enrolled at the historic Universal College of Beauty.  Dixon would go on to become Whitney Houston’s longtime hair stylist, graduating in the same 1991 class with Kim Kimble, whose work with stars like Beyoncé led to her own multi-season reality TV show.  For four generations, over nearly 100 years, the family-owned Universal College of Beauty has turned out star stylists and beauty gurus by teaching the art of

Goldman Sachs Financial Group Commits $10 Billion in Investment Capital to Impact One Million Black Women

The Goldman Sachs joined roundtables that focused on the barriers Black women face as entrepreneurs, and how targeted investments can work as a bridge to equality. Their compass in navigating through directive comes from Goldman’s relationships with sororities such as Delta Sigma Theta Inc., Alpha Kappa Alpha Inc., Zeta Phi Beta Inc., and Sigma Gamma Rho S Inc., and Black women’s organizations, such as the National Council of Negro Women, Black Women’s Roundtable, the National Coalition on Black Civic Participation, Power Rising, Walker’s Legacy Foundation, The Links, Inc., and the Sistahs in Business Expo.

L’Oreal USA Partners with NAACP to Launch Grant Program for Black-owned Small Businesses

As small businesses in America have been hit the hardest by the economic fallout of the pandemic and Black-owned businesses are shutting down twice as fast as others according to NBER, L’Oréal USA teamed up with the NAACP to identify the most promising Black-owned small businesses and entrepreneurs in the beauty industry that are most in need of investment.

IN MEMORIAM: Earl Graves Sr., Black Enterprise Founder Dies

“At 9:22 p.m. this evening, April 6, my father and hero, Earl Graves, Sr., the founder of Black Enterprise, passed away quietly after a long battle with Alzheimer’s,” Earl Graves Jr. wrote on Twitter. “I loved and admired this giant of a man and am blessed to be his namesake. Love you, dad.”