Instagram launches labels for Black-owned businesses

The new initiative is part of Instagram’s recently formed equity team’s ongoing investment in creating more economic opportunity for Black-owned businesses. Instagram is making it easier for people to discover Black-owned businesses directly on its platform. This week, the popular social media giant with over 1 billion monthly users launched a “Black-owned” label for companies on its app. The new initiative is part of Instagram’s recently formed … Continue reading Instagram launches labels for Black-owned businesses

IPSY Provides Update To Its $5M Investment Into Black-Owned Beauty Brands

Essence.com HERE’S HOW THE ‘BEAUTY AMPLIFIED’ PROGRAM HAS HELPED THESE BUSINESS OWNERS. Black beauty business has all eyes on its market due to the monetized value our community brings in. Last year, we saw a well-needed boost of support from Black-owned brands and this summer IPSY – the largest beauty subscription service, made a commitment that the brand would invest $5M into the development and amplification of … Continue reading IPSY Provides Update To Its $5M Investment Into Black-Owned Beauty Brands

Pharrell Williams launches Black ambition non-profit initiative

“With Black Ambition, the goal is to help strengthen the pipeline of talented entrepreneurs and close the opportunity and wealth gaps derived from limited access to capital and resources,” Pharrell Williams said. Pharrell Williams has announced Black Ambition, a non-profit initiative that aims to provide a bridge to success for Black and Latino entrepreneurs who are launching tech, design, healthcare, and consumer products/services start-up. Speaking at a … Continue reading Pharrell Williams launches Black ambition non-profit initiative

Two Black-Led Banks Merge to Form a $1 Billion Lender

A merger announced Wednesday will create the nation’s largest Black-controlled bank and the first with assets of more than $1 billion. Broadway Federal Bank, a Los Angeles-based commercial lender founded in 1946, will combine with City First Bank in Washington, which opened in 1998. Brian E. Argrett, chief executive of City First, will be chief executive of the combined company, which will use City First … Continue reading Two Black-Led Banks Merge to Form a $1 Billion Lender

A black female-owned company was flooded with hate speech and 1-star reviews after it was featured in a Target commercial

A black female-owned feminine hygiene company was bombarded with negative reviews and online abuse after it was featured in a Target commercial, but its founder says the experience has “turned out to be a really beautiful thing.”The ad showcases The Honey Pot Company and has been running since early February, but it got thousands of one- and two-star reviews over the weekend from people complaining it was … Continue reading A black female-owned company was flooded with hate speech and 1-star reviews after it was featured in a Target commercial