SHOPPE BLACK

Black Owned Proptech Startup, REZI Secures $100M to Expand Nationwide

2 mins read

REZI, a real estate technology company offering “Occupancy-as-a-Service” for rental property owners, has secured $100M in debt financing from Stratos Credit, announced on Tuesday by Sean Mitchell, CEO & Co-founder at REZI.

rezi

This funding comes at a time of rapid growth at the NYC-based company. It has expanded into several new markets across the country, including Los AngelesSan Francisco, and most recently, Austin, after securing a deal with Rastegar Property Company to lease-up over 200 vacancies across nine of the firm’s developments.

REZI will leverage this new $100M in capital to expand its offerings to more property owners in existing and new markets. The company uses innovative technology including machine learning algorithms to accurately predict rent prices, vacancy timelines, and credit losses.

It then uses those insights to guarantee leasing performance for property owners who work with them.

“Stratos has been a core strategic partner of REZI since 2017. This facility marks the next phase in our relationship and the beginning of a new and exciting time at REZI as we expand our service across the country and launch more products for property owners, investors, and renters alike” said Sean Mitchell.

Leveling the renting field for everyone

REZI leverages the latest tools in technology, analytics, and finance to get rid of the old inefficiencies to focus on empowering both tenants and property owners.

For landlords, they remove risks from the equation by guaranteeing their income and taking over every aspect of the renting process. For tenants, they offer a fast, easy, and free experience to find their next home, removing removed broker fees and replacing unnecessary bias with financial eligibility and secure background checks.

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African Ancestry, the FIRST Black Owned DNA Testing Company

1 min read

African Ancestry is the world leader in tracing maternal and paternal lineages of African descent. Founded in 2003 by Dr. Rick Kittles and Gina Paige, it is also the first Black owned DNA testing company.

With the industry’s largest and most comprehensive database of over 30,000 indigenous African DNA samples, African Ancestry determines specific countries and specific ethnic groups of origin with an unrivaled level of detail, accuracy, and confidence.

African Ancestry
Source: Africanancestry.com

In this episode, co-founder Gina Paige discusses:

  • The origin of AfricanAncestry.com
  • Taking DNA test recipients on curated “birthright trips” to Africa
  • Why she is passionate about her work
  • The many ways African Ancestry differs from other DNA tests
  • The surprising results from tracing her ancestral lineage
  • How a lack of connection to Africa impacts Black identity

-Tony O. Lawson

LISTEN TO THE FULL INTERVIEW WITH GINA PAIGE BELOW

Loclicious, a Black Owned Natural Haircare Brand Inspired by a Personal Setback

3 mins read

Loclicious is a Black owned natural haircare brand that creates all-natural haircare products for locs, loose naturals, and all hair types.

Black Owned Natural Haircare
Kabi Mickens, founder of Loclicious

In her teens and early twenties, Kabi, the founder of Loclicious, often used relaxers. As a result, she got bald spots on her scalp and could only wear her hair in certain styles to hide them.

She decided to go natural in 2008 after she got pregnant with her first child. Although she was no longer using relaxers, she realized that many of the products that claim to be for natural hair were anything but “natural”.

“As a loc’d sister, I saw that the loc community was underserved in their options. I found that the existing haircare product options were full of harmful chemicals and poor-quality ingredients that at best leave unwanted residue in locs and at worst can severely damage locs/hair.

As a result, it can be very overwhelming and stressful for women who want to start their loc or natural hair journey. I saw a need in the loc and natural hair community, so Loclicious.”

Black Owned Natural Haircare

How do Loclicious products differ from others on the market?

Loclicious Haircare promises a high-quality product for modern men and women of color. Our products are FREE from Parabens, Phthalates, Sulfates, PEGs, Mineral Oils, and other toxic chemicals. Our products are lightweight, water-based and will not leave residue that causes buildup.

Black Owned Natural Haircare

What are some business accomplishments you’re most proud of so far?

Loclicious was initially only available via our website www.loclicious.com. However, as of September 2022, Loclicous products are now also available on Amazon.com.

What advice or tips for others interested in starting a haircare business?

There is a lot to consider when starting a haircare product line. However, the first question to ask yourself is… what business model do you want to go with?

You can decide to self-manufacture products in a private label model (like we did) or you can choose to do a white-label model where you purchase premade products in bulk and brand them with your business name.  Both models have pros and cons but you should choose the model that works best for your business.

What are your future goals?

We look forward to getting our products into retailers like Walmart, Target and Sally Beauty in 2023.

 

People of Color, a Black Owned Nail Polish Brand Focused on Diversity

3 mins read

People of Color is a Black owned nail polish brand founded by Jacqueline Carrington.

She was inspired to start her business after seeing her then 3-year-old daughter return from grandma’s house with her nails painted.

Black owned nail polish

“I didn’t have anything at home to change her nail polish color and keep up with her new interest. It rekindled my interest and reminded me of when I was a kid and skipped wearing nail polish because I played basketball and never saw nail polish shown on brown hands.”

Black owned nail polish

When Jacqueline went online to search for nail polish, she was shocked to see things hadn’t changed in terms of representation.

“I wanted to create a nail polish brand that picked out colors that complemented the various shades of brown skin as the first thought, not an afterthought. As I grew deeper into our values, it became our mission to celebrate and represent people of color from all over the world by telling our stories through nail polish collections. I named the brand People of Color to literally represent us from all over the world, and figuratively because we all live in a world of color!”

Black owned nail polish

What goes into color selection?

We use the majority of our nail polish collection to tell people of color stories from all over the world. When a theme comes to mind, the stories and inspiration pertaining to the collection theme are what lead us to the chosen colors.

Each color then has a story and meaning behind it. We have done collections to celebrate the impact of Black culture in America, with a collection called For the Culture, with colors like Around the Way Girl (lime green) and Soul Glo (glowy orange).

We celebrated women of color queens with a collection called the Queen collection, with colors inspired by and named after queens Moremi, Lili’uokalani, Makeda, Rani Chennamma, and Anacaona.

We strive to tell authentic stories and will utilize our community to sometimes work with co-curators from a specific culture/background to share their stories and select colors and polish names. 

Black owned nail polish

What business skills do you wish you could master overnight?

Content creation! Oh, the time and energy it takes to curate, create, plan and schedule never-ending content! More than 3 years into running People of Color, and I still feel behind in the world of content creation and trends.

What is one fun fact we should know about you?

Surprisingly, I don’t like chocolate. I’ve never liked the taste or smell of it. That’s made it easy for my husband not to have to buy it during any celebrations or holidays. Lol.

-Tony O. Lawson

Black Owned Businesses With “Wakanda-Inspired” Products

2 mins read

One of the most anticipated films of 2022,  Marvel’s “Black Panther: Wakanda Forever” was released in theaters on November 11th.

The movie has reportedly earned $84 million at the box office so far, marking the second-highest opening day of the year.

In celebration of the second installment in the franchise, several companies have partnered with Marvel Studios to create their own Black Panther-related items.

Here are some Black owned brands with “Wakanda-inspired” products.

Bevel

Bevel’s popular double-edged safety razor is now available in a limited-edition all-black and includes a free 2 oz shave cream.

Wakanda

Bôhten

The Ututo sunglasses from  Bôhten are inspired by the rich tones of the Black Panther universe. Includes limited edition Wakanda Forever cleaning cloth and packaging.

Wakanda Forever

Actively Black

The Actively Black Wakanda collection features athleisure styles for both men and women, including performance shirts, tights, hoodies, and joggers in black, purple and gray, emblazoned with official Black Panther artwork.

BLK & Bold Coffee

This limited-edition licensed packaging from BLK & Bold delivers the same delicious quality of coffee while featuring some of your favorite Black Panther characters like Shuri, Okoye, Nakia, and M’Baku!

Wakanda Forever

A Dozen Cousins

A Dozen Cousins “Flavors of Wakanda” Variety pack is a limited edition seasoning sauce variety pack that includes Wakandan Jollof Rice, Wakandan Jerk Seasoning, Wakandan Coconut Rice and a Vibranium inspired, Stainless Steel crafted spoon.

Wakanda Forever

FUBU

Explore the new FUBU  X Marvel Black Panther collection of tees, hoodies, joggers and more. Available for a limited time.

Young King Hair Care

The Young King Wakanda Forever Wash & Style Gift Set includes a curated limited-edition collection of 5 new hair products for everyday heroes big and small.

Pear Nova

Pear Nova presents “Layovers“, luxury faux nails designed to lay over your natural nail for a long-lasting reusable, instant manicure.

-Tony O. Lawson

Black-owned companies seek to close electric transportation gaps in Chicago

8 mins read

The transition to electric vehicles is well under way, but the benefits will be slow to arrive in communities where private car ownership is still a luxury.

Long before app-based ride-hailing services such as Uber and Lyft, unlicensed cabs known as “jitneys” provided a similar service in Black neighborhoods that conventional White-owned taxi companies frequently refused to serve. Today, ride-hailing service is also low in several predominantly Black neighborhoods on Chicago’s Far South Side, corresponding with low rates of household vehicle ownership.

Hyperlocal shared ride services represent a potential alternative. In Chicago, two Black-owned companies — Jitney EV and GEST Chicago — are positioning themselves to fulfill that role, while also trying to ensure that environmental justice communities are not left behind in the transition from fossil fuel-based transportation.

“Post COVID and as a result of climate change, we have a once-in-a-lifetime investment in public infrastructure to address climate change and to address the transition away from fossil fuel production, toward clean energy, both in building and transportation. So it’s important that our community does not get left behind,” said William “Billy” Davis, general manager for Jitney EV.

Their efforts are specifically targeting the “last mile” gap between public transit stops and destinations such as grocery stores, banks and entertainment, along with providing an option for reliable transportation to and from work for residents within its service area, Davis said.

“We have, in Illinois, a transit system that is required by statute to generate 50% of its operating revenue from the fare box. So that tends to drive routes based on ridership. And it tends to punish those routes that have low ridership, even if they are in disadvantaged communities,” Davis said.

Spreading the word about EVs

As part of the Community of the Future program conducted by Chicago utility company ComEd, Jitney EV and Bronzeville Community Development Partnership launched the Dash EV pilot program in late 2017, featuring a single Innova EV Dash vehicle that could travel up to 35 mph, with a 150-mile range between charges. The ongoing COVID-19 pandemic has hampered plans for expansion beyond the initial pilot, but Jitney EV still plans to launch a full-scale operation in the future, according to Davis.

In the meantime, Jitney EV collaborates with services like GEST Chicago, viewing these operations not as competition but as another link to fill the transportation gaps that are so prevalent in environmental justice communities, Davis said.

Green Easy Safe Transportation (GEST) Carts, an advertising-supported service offering free rides in multi-passenger electric vehicles, debuted in Cincinnati in 2018 and now operates in Cincinnati, Charlotte, Denver, Detroit, Las Vegas, Scottsdale and Louisville, along with a local operation in Chicago. GEST Chicago began operations in November 2020.

GEST Chicago provides free, app-based rides on Friday and Saturday evenings and Sunday afternoons, according to its website, servicing areas in and near downtown with high pedestrian traffic. Revenue is generated from a continuous flow of sponsors.

In many instances, GEST carts represent passengers’ first experience with electric vehicles, according to Harold Shepard, GEST Chicago’s chief sales and operations officer.

“It kind of helps introduce people to electrification. And my favorite thing is,  when people get in the vehicle, they’re like, ‘Oh this is all electric?’ I’m like, ask me how much it costs to fill this thing up. … Last time I charged it, 3 dollars and 56 cents,” Shepard said.

‘We have to find a formula’

While GEST Chicago presently limits its operations to downtown and predominantly White neighborhoods on the city’s North and Near West sides, there is definitely a desire to expand into less affluent communities with higher BIPOC populations, Shepard said.

“Let’s work with nursing homes and give them rides to Mariano’s [grocery store] or give them rides to the pharmacy, something to get the vehicles out there so [people] can see them and [we can] attract some sponsors,” Shepard said.

Davis says the services can coexist with — rather than replace — existing transportation modes, but it will take time to work out.

“We have to find a formula. Transportation route mapping is going to be driven by a variety of factors — it’s difficult to predict exactly what the right model is going to look like. Suffice it to say, though, that it will be a combination of on-demand … micro transit, car sharing, electric car, electric vehicle car share, electric buses and trains.”

Legacy transportation services like taxicabs — already threatened by ride-hailing services, may also view hyperlocal services like Jitney EV or GEST Chicago as a threat. But Shepard notes their low-speed vehicles can’t go to the airport or cover long freeway distances, instead replacing the short trips that taxi drivers dislike.

“Please don’t be mad at us. We’re kind of helping you out. Instead of you guys having to be the bar-to-bar destinations, we handle that. So, you’re welcome,” Shepard said.

Critics say that to some extent, promoting personal electric vehicle ownership perpetuates car dependence and contributes to sprawl. Outer-ring suburbs and exurbs of large cities reflect the tradition of white flight and intentional segregation during the mid-20th century. These post-World War II developments were often deliberately designed with little or no available public transportation — the antithesis of a just transition and increased equity.

Hyperlocal services could be a key factor in the ultimate goal of not only eliminating gasoline vehicles, but of reducing dependence on cars in the first place, Davis said.

“There’s an economic benefit. … It increases consumer spending. It raises standards of living. It may manifest in other ways of worker productivity and satisfaction, may reduce turnover. There’s so many other variables in factor, but it has to be an economic good to take the burden of transportation off of the worker,” Davis said.

by Audrey Henderson, Energy News Network

This article first appeared on Energy News Network and is republished here under a Creative Commons license.

‘A blessing to the community’: New Black-owned grocery opens to serve small Delta town

8 mins read

WEBB — Marquitrice Mangham didn’t just want to create the grocery store her hometown desperately needed. She wanted to bolster the Delta’s long-struggling food system.

Enter Farmacy Marketplace: A neighborhood grocer that isn’t just the first store in decades to offer Webb shoppers fresh meat and produce, but also a steady marketplace for small-scale farmers to sell their crops.

Farmacy Marketplace
Credit: Eric Shelton/Mississippi Today

“A huge amount of food waste goes on in the Delta because everything is so sparsely populated,” said Mangham, who heads the nonprofit that runs the new Tallahatchie County grocery store. “No supermarket business is going to contract you to buy 20 pounds of tomatoes every couple weeks.”

But the Farmacy Marketplace can, giving the region’s struggling small-scale farmers a more reliable income and the people of Webb access to produce without driving a half-hour to the nearest grocery store.

The Mississippi Delta may be known for its fertile soil, but its major farm operations largely grow soy and corn for animal feed rather than produce the food the region’s population actually eats. There are few industries and jobs outside of agriculture. In most Delta counties, the poverty rate is between 30%-40%.

The Delta is also covered with what the U.S. Department of Agriculture calls rural food deserts: low-income tracts where a third of the population lives more than 20 miles from the nearest large grocer. Mangham hopes what she’s creating at Farmacy Marketplace will become a model for other communities.

Webb is home to just under 400 people and is 97% Black, according to the latest Census data. Before Farmacy, shoppers seeking poultry, steak, fresh fruit and veggies needed to drive 25 miles to Walmart in Clarksdale or 18 miles to SuperValu in Charleston.

Farmacy Marketplace
Credit: Eric Shelton/Mississippi Today

“It saves people money and instead of investing in gas, they are able to purchase more groceries,” said Webb Mayor Michael Plez.

The new store is in the heart of the town’s Main Street, meaning many citizens can walk to go shopping.

Clad in a green apron and wide smile, Mangham’s mother is one of the store’s workers. The community has rallied around the store, desperate for it to be successful and volunteering their time so their neighbors have a reliable place to purchase healthy food.

Credit: Eric Shelton/Mississippi Today

Mangham lives in Atlanta part-time and is regularly in Webb to manage the shop and run a 150-acre family farm. Her nonprofit, In Her Shoes, aids women experiencing homelessness in Georgia and offers farm training in Mississippi. The shop is operated under the nonprofit using USDA grant funds.

Farmacy Marketplace had its soft opening on Oct. 7 — timing that couldn’t have been better. The local Dollar General, which may not have had fresh food but plenty of essentials, burned down the week before.

Credit: Eric Shelton/Mississippi Today
The only store that provided groceries in Webb, Miss. was lost during a fire. Marquitrice Mangham decided to open Farmacy Marketplace to fulfill the need for a grocery store in the town.

Dollar General said in a statement it was still assessing the store’s future. Mangham has added more household essentials to the store’s inventory to help make up for the loss of the community’s only major retailer.

Feeding America, a national food bank organization, reported that 31% of Tallahatchie County’s Black community was food insecure in 2020, the latest data available. That rate measures access to food between finances, transportation and physical grocery stores.

The easiest food to get in Webb — before Farmacy opened — was frozen dinners or pizzas, chips and candy.

Mangham’s vision isn’t only about giving Delta communities a more reliable food system and economy, but also making them healthier with access to unprocessed, nutrient-dense foods.

Black-owned grocery
Credit: Eric Shelton/Mississippi Today

On a recent Friday afternoon, Demetrice Starks, 54, was browsing the new grocery store with her 86-year-old mother. Starks grew up in the area and now lives in Memphis. She hadn’t been to a neighborhood grocery like Farmacy in the area since she was a child. They had all closed up as people moved out.

Much of Webb’s population is aging, and it gives Starks peace of mind that her mother no longer has to drive so far to get items for supper.

“It’s a symbolism of growth and rebuilding the community,” Starks said. “It’s helping bring some type of stability.”

black owned grocery
Credit: Eric Shelton/Mississippi Today
Lonzell Wright is in and out of the shop regularly, able to easily get supplies for his burger-and-fries restaurant called Zell’s that’s down the street. When Plez, the mayor, has a taste for steak, he can just walk a few minutes to the store and buy what needs that night for dinner.
black owned grocery
Credit: Eric Shelton/Mississippi Today

“Since the day it opened it has been a blessing to the community,” said Plez.

Mangham has other goals in mind: a local poultry processing facility Delta farmers can use so the store’s poultry is coming from the community and further creating jobs. She’s busy writing proposals for more grants.

She is partnering with a nearby community college’s workforce training program so students can get retail job experience at the store, earning $10 an hour. There are three participants so far.

The store is open seven days a week. On Nov. 1, it began accepting Electronic Benefit Transfers, or EBT payments, for those on food benefits. It’s another big step that will help the community, Mangham said.

People want to shop and work where they live. It’s simple, yet not the norm across the Delta’s rural towns. People want to see the program succeed, she said.

It’s not just a grocery store; it’s the town’s quality of life.

by Sara DiNatale, Mississippi Today

This article first appeared on Mississippi Today and is republished here under a Creative Commons license.

Black-Owned Skincare Brand,Topicals Raises $10 Million

2 mins read

Topicals is a Black-owned skincare brand devoted to solving chronic skin issues such as hyperpigmentation, eczema, and psoriasis.

Topicals was founded in 2020 and has grown 675% in sales year-over-year as of November 2022.

Today, the company announced $10 million in new financing to continue the innovative production and sufficiency of the brand. The funding round was led by CAVU Consumer Partners.

The historic occasion marks Founder and CEO Olamide Olowe as the youngest Black woman ever to raise more than two million in venture-backed funding.

The funding will be used to further propel Topicals’ omnichannel growth, drive new hires, support channel expansion, and fuel brand marketing awareness.

“I love to keep the company fresh and new, with [employees] who understand beauty or maybe who don’t understand beauty but are coming in with a different point of view,” said Olowe. “We’re looking for people from different industries who can continue pushing a cultural narrative but also have experience because scaling a business is a bit formulaic.”

The company will also continue its mission of raising awareness around the connection between mental health and skin conditions.

To date, Topicals has donated more than $50,000 to support nonprofits providing mental health resources for marginalized communities. To expand this mission, Topicals is launching a 12-month accelerator program designed to provide nonprofits in the mental health space with leadership training, mentorship, and business advisory.

In addition to CAVU, Topicals has garnered an extremely diverse portfolio of investors including Gabrielle UnionKelly RowlandHannah Bronfman, Bozoma Saint John, Yvonne Orji, and Marcy Venture Partners.

Topicals has now raised a total of $15 million in outside funding to date.

-Tony O. Lawson

Want to invest in Black founders? Please fill out this short form.

 

Scotch Porter CEO Discusses Growing the Largest Black Owned Men’s Grooming Brand

1 min read

Scotch Porter is a New Jersey-based company that makes handcrafted, vegan, and all-natural men’s grooming products.

The company’s mission is “To provide healthier, multi-purpose beard, hair, and face care products that are highly effective and easy to use.” 

Within the first 12 months of operation, Scotch Porter generated more than a million dollars in sales and has been growing rapidly ever since with distribution in major retailers such as Target and Walmart.

In this interview, Calvin Quallis, Scotch Porter’s founder and CEO, shares:

  • How his entrepreneurial relatives inspired him to start Scotch Porter
  • The secrets behind his company’s growth
  • How he plans to use a recent $11 million investment
  • Some of his personal wellness practices
  • The mission behind the Scotch Porter Impact Fund
  • Advice for entrepreneurs who want to scale their businesses

 

LISTEN BELOW

Preserving The Historic Black “SANS” Neighborhood in Sag Harbor

1 min read

Sag Harbor Hills, Azurest & Ninevah Subdivisions (SANS)  is an African American beachfront community in Sag Harbor, New York.

Founded following World War II, the SANS community served primarily as a summer retreat for middle-class African American families during the post-WWII and Jim Crow era.

sans

In March of 2019, SANS was named to the New York State Register of Historic Places. SANS made its way onto the National Register of Historic Places just a few months later. In December of 2019, SANS was among those honored with a State Historic Preservation Award for Excellence in Historic Preservation Organizational Achievement.

The SANS Steering Committee was honored again in June of 2020 when Preservation Long Island presented a 2020 Project Excellence Award to SANS for their National Register Survey & Nomination.

Terri Wisdom, founder, and CEO of Harlem Network News has close familial ties to the SANS region. We caught up with her to find out more about this historic neighborhood and her work at Harlem Network News.

In this interview, Terri shares:

  • The early history of Sag Harbor’s SANS region
  • Sag Harbor’s connection to the “Amistad” movie.
  • How gentrification is affecting the area
  • The importance of preserving historic Black neighborhoods.
  • The importance and benefits of having a local media outlet in Harlem
  • The Harlem Network News initiative to bring Brittney Griner home

-Tony O. Lawson

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