SHOPPE BLACK

Former Athlete Moved to Rwanda to Launch a Sports Apparel Business

1 min read

Allen Simms is the founder of Impano Sports, a company that provides African inspired quality sports apparel designed specifically for athletes, runners, and the active lifestyle community.

Before the big move, Allen was an award-winning athlete at the University of Southern California and a coach at Cornell University.

In this interview, we discussed why he decided to move to Rwanda and what it has been like living and operating a business in East Africa.

We also discussed the sports academy he started to identify and coach young talented athletes to elite level.

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Tony O. Lawson


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Chadwick Boseman dies at age 43 after fight with cancer

1 min read

Actor Chadwick Boseman has died of cancer at the age of 43. His representative says Boseman died Friday in Los Angeles after a four-year battle with colon cancer.

He was best known for his superb portrayals of Black icons such as Jackie Robinson, James Brown and Thurgood Marshall as well as his portrayal of the superhero Black Panther.

Boseman’s death was also confirmed on his official Twitter account.

Our thoughts and prayers go out to his family and loved ones. May he rest in Power.

Black Inventor Creates The World’s First Self Growing Farming System to Combat Food Scarcity and Land Shortage

1 min read

Darral Addison is a Black inventor with degrees in chemistry and physics. He is also the CEO and founder of Torpedopot™, a company that makes the world’s first self-growing planters.

Torpedopot™ optimizes the conditions in which plants can achieve their full potential and is scientifically designed to grow your plants for you!

In this interview, we discuss how his patented products can address issues such as food scarcity, land shortage, and help individuals grow healthier plants doing less of what we’ve been taught to do.

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Tony O. Lawson

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

3 mins read

Two Black-Led banks, City First in Washington, DC and Broadway Financial Corporation in Los Angeles, CA announced today that they have entered into a transformational Merger of Equals agreement to create the largest Black-Led bank in the nation with more than $1 billion in combined assets under management and approximately $850 million in total depository institution assets.

Combining the two institutions will increase their collective commercial lending capacity for investments in multifamily affordable housing, small businesses, and nonprofit development in financially underserved urban areas while creating a national platform for impact investors.

Brian E. Argrett, chief executive of City First, will be chief executive of the combined company, which will use City First as its banking brand but keep the publicly traded Broadway Financial Corporation as its bank holding company. Wayne-Kent A. Bradshaw, Broadway’s chief executive, will be the chairman of the combined company.

black owned banks
Brian E. Argrett

Broadway and City First are Community Development Financial Institutions (CDFIs), and have a longstanding history of advancing economic and social equity through the provision of capital in low- to moderate-income communities. The combined institution will maintain its CDFI status, requiring it to deploy at least 60% of its lending into low- to moderate-income communities

Wayne-Kent A. Bradshaw

Since the beginning of 2015, City First Bank and Broadway Federal Bank have collectively deployed over $1.1 billion combined in loans and investments in their communities

“Given the compounding factors of a global pandemic, unprecedented unemployment and social unrest resulting from centuries of inequities, the work of CDFIs has never been more urgent and necessary,” said Brian E. Argrett.“As part of this historic merger, we are demonstrating that thriving urban neighborhoods are viable markets that require a dedicated focus, long-term commitment and critical access to capital.”

“The new combined institution will strengthen our position and will help drive both sustainable economic growth and societal returns,” said Mr. Bradshaw. “We envision building stronger profitability and creating a multiplier effect of capital availability for our customers and for the communities we serve.”

The new institution will maintain bi-coastal headquarters and will continue to serve and expand in the banks’ current geographic areas, with a desire to scale to other high-potential urban markets.

Shares of Broadway Financial were up 17 percent on Wednesday afternoon. The transaction, which is expected to close early next year, will leave Broadway stockholders with 52.5 percent ownership of the new company and City First shareholders with 47.5 percent ownership.

Tony O. Lawson

Related: Black Banks That Are Still Operating In 2020


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Black Owned Credit Building App Raises $2.3M

3 mins read

Today, Esusu, a platform that aims to dismantle barriers to housing, announced the closing of $2.3 million in seed extension bringing total capital raised to $4 million.

Humble Beginnings

The name Esusu is a Yoruba word that describes informal savings in traditional African societies.

Co-founder Abbey Wemimo came up with the idea for the app when his family, led a single mom of three, struggled to afford his education. His relatives had to pool their resources to afford his education, and his mother contributed much of the money.

Abbey Wemimo

The Platform

Esusu’s rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores. This enables tenants to build credit while property owners can encourage on-time payments. Esusu currently operates in over 30 states and covers over 200,000 rental units.

“Esusu’s vision to use data to eliminate the racial wealth gap is driven by the role that credit and housing play in financial stability and wealth accumulation in the United States. Our fundamental belief is that where you come from, the color of your skin or your financial identity shouldn’t determine where you end up in life. We are privileged to join forces with world-class investors to address these systemic issues through the innovative use of data,” said Esusu Co-Founders, Abbey Wemimo and Samir Goel.

Currently, less than 1% of rental payments are reported into the credit bureaus despite being the largest expense for most Americans. According to HUD and Urban Institute, rental data is one of the strongest predictors of a tenant’s credit risk.

Esusu’s model presents a profitable solution for property managers to help keep renters in their homes while equipping financial institutions with the data to underwrite renters with limited credit history.

We are experiencing the greatest public health crisis in a century, the worst economic collapse since the Great Depression, and accelerating income inequality. Concomitantly, we are dealing with systemic racism that stifles the promise of America. “At Esusu we have a unique opportunity to challenge the status quo by using our platform to dismantle barriers to housing for working families and over the longer horizon, eliminate the racial wealth gap,” continued Abbey Wemimo and Samir Goel.

Tony O. Lawson


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Meet The Owner of One of LA’s Most Popular Black Owned Luxury Shoe Cleaning Businesses

5 mins read

Sole Hue is a Black owned luxury shoe cleaning brand based in North Hollywood, CA. This business has become one of the biggest boutique sneaker cleaning services in the LA and the Hollywood area.

Cortini Grange caught up with Sole Hue’s founder, Drew Green to find out more about Sole Hue.

Sole Hue founder, Drew Green

Where did the idea for SoleHue originate?

SoleHue originated in my hometown, Woodbridge, VA when I was a freshman in high school.

Jordan releases in my neighborhood were a big deal on Saturday’s, but my mom couldn’t always afford to buy me new Jordan’s. So, I started charging to clean my friend’s shoes after school. As the semesters went on, I started getting more and more shoe cleaning orders. And, my business mindset grew into an actual company.

The current pandemic has caused a lot of small businesses to take big blows. What has kept SoleHue thriving and what pivots have you made to continue growing during this time?

For SoleHue, our biggest “Big Blows” have come in a more positive light, than negative. We have been able to successfully execute creative marketing techniques that allow us to target a genuine audience, unique to our brand.

It has been rewarding to build professional relationships with clientele that actually needs our services. This pandemic has also allowed me to live, bicoastal, between Los Angeles and Virginia. I appreciate the time to travel back home and connect with the core of SoleHue.

The support I receive back home is different. This has promoted the consistent strengthening of our values. In Addition, this pandemic has brought SoleHue the opportunities to collaborate with like brands who have also needed help staying creative since face-to-face interactions have been halted due to stay-at-home orders.

It’s been a lot of fun finding artful ways to overcome creative blocks. We have some things in the works with Sneakertopia. I can’t wait to share that.

Luxury sneakers have been a part of Black culture for nearly four decades. From Adidas in the 80’s to the rise of Jordan’s in the 90’s and the current Yeezy craze that’s eclipsed in the billion-dollar net worth mark in record time. Now, we even have a “stock exchange” for buying and seeking kicks (StockX). Where do you see sneaker culture going in the future?

I definitely see technology influencing our sneaker world for decades to come! We already see tech designs that include auto-lacing and fitness tracking.

I believe the ability to try on shoes without actually “trying them on” is coming, as well as more advanced tracking capabilities.

Black Owned Luxury Shoe Cleaning

Outside of the SoleHue brand, what is Drew Green engaged in? What brings you joy in the moments when you aren’t working?

Aside from SoleHue, I spend my time using my platform to influence the youth in my community.

I started mentoring a few young adults, I show them the ropes of business and personal success. And, the things that ultimately bring me the most happiness are working to break generational curses while building generational wealth and educating my family on financial literacy through love and by leading by example. These things are very important to me.

I am honored to be a part of such a platform. Thank you for highlighting myself and my business on Shoppe Black.

Black Owned Luxury Shoe Cleaning

Contributed by Cortini Grange

Cortni lives by the personal motto, “wealth, is the ability to fully experience life”. As such, Cortni wears many hats: he is a father, servant leader, social entrepreneur, spiritualist, and a proud Jamaican (which requires a three job minimum to maintain active status).

Cortni infuses his principles, belief, and life experiences into all he does. When Cortni is not doing 1,000 things, you can catch him dancing to Stevie Wonder or Bob Marley in the kitchen with his son Jameson Mosiah, deepening his knowledge of African Spiritual Science, back on his family’s farm in Linstead, Jamaica, or upholding his car freestyle championship belt at all costs.

 

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Black Owned Brewery Celebrates Two years of Crafting Beer and Community

4 mins read

Hard to get more Northwest than coffee, bicycling and craft brews. That just so happens to be the special recipe behind Washington state’s first and only Black-owned brewery.

Metier Brewing in Woodinville just celebrated its two-year anniversary this summer. Owner Rodney Hines and co-founder Todd Herriott made it more than just about beer.

Black owned brewery
Rodney Hines

“All about building community and offering a welcoming gathering space for families, friends, and those who appreciate well-crafted beer,” Hines said. As soon as you walk through the door you’ll see the purpose written on the wall: “Our Mission is to brew damn good beer and build a stronger community to inspire bigger dreams for all.”

It’s a family-friendly, pet-friendly, and bike-friendly brewery located in the heart of Woodinville’s wine district.

Metier is french and poetically means “one’s calling, one’s destiny.” The team behind Metier Brewing Co. is symbolic of their diversity mission.

Herriott owns a premium bicycle shop with the same name on Capitol Hill and Hines left a corporate job in the coffee world to dive into craft beer full-time. “I’m a home brewer…and no one should ever taste any of that,” Hines joked.

“This has been a dream of mine for a long time. Where everyone can feel welcomed. It took me over 50 years, but here we are!”

They hired a brewmaster and have quickly found success in brewing up some popular beers.“We’ve already won awards for our beer, so it says we’re delivering on that so we’ve got the product. We’ve got damn good beer and that’s allowed us to focus on the other part of our mission,” Hines said.

Black owned brewery

Hines says there are only about 65 Black-owned breweries that they know about across the nation.

“That is not to say that folks of color don’t like beer. I think that’s to say that folks of color don’t always see themselves welcomed into all spaces,” Hines said. “It feels like an inviting space for everyone, and there’s intention behind that.”

“That’s out of about 8,000 and there are even fewer female-owned breweries,” he said.

The business is brewing craft beers but the passion for community is evident on the walls. Tap Room Manager Bailey Kroeger says it was their commitment to diversity and caring about people that attracted her to work with the brewery.

“It’s been nice to work at a company that actually cares about me,” Kroeger said.

Fundraising efforts and partnerships with other local businesses are celebrated throughout the taproom and most recently Metier Brewing teamed up with another local brewer to release “Say It Loud: Stout and Proud” to benefit Urban League of Metropolitan Seattle.

 

Source: NBC King 5

Related: Black Owned Beer brands


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Chicago Teens Transform Liquor Store Into Fresh Food Market

6 mins read

A liquor store on the West Side of Chicago is being transformed into a pop-up food market after Austin area teens were given the chance to come up with solutions to their neighborhood’s challenges.

Much of Austin is considered to be a food desert. The pop-up market will be opened at 423 N. Laramie Ave., and within a half-mile radius around that site, there are 12 liquor stores but only two markets where people can buy fresh food.

The Austin Harvest food mart pop-up was brought to life by neighborhood teens who recognized the food scarcity in the area and decided to take matters into their own hands.

The market held a soft opening Wednesday where the teens offered produce, fresh-cut flowers, and refreshments.

The market will officially launch Monday and run for 12 weeks. It will be open 3-6 p.m. Mondays, Wednesdays and Fridays at the site of a former liquor store, 423 N. Laramie Ave.

The project was funded by former Chicago Bears linebacker Sam Acho and other Chicago athletes, as well as By the Hand Kids Club. But it was the teens themselves who envisioned the food mart and brought the idea to fruition.

Young West Siders had their hands in every part of development, from designing the space to crafting a business plan to managing the pop-up.

“We’ve been behind the scenes completely, as well,” said Azariah Baker, one of the teens who created Austin Harvest. “We’ve discussed how we want to show our market, where we wanted our market to be, what we sell, what we look like. This is who runs it.”

chicago
Azariah Baker

The teens started working on the pop-up after the protests for George Floyd in June. By the Hand hosted a series of listening circles to give young people a platform to voice their frustrations around the systemic racism they see in their neighborhood, and to talk about how the civil unrest had impacted them.

There, they discussed how the food scarcity in the neighborhood was part of a legacy of city neglect and racism on the West Side that worsened when some of the few grocery stores in the area had to shut their doors temporarily after being looted.

Keith Cankson

“Food is a basic necessity. But it’s also a basic necessity we don’t have access to,” Baker said.

Realizing the young people were serious about creating a plan for addressing the food desert in Austin, the Chicago athletes raised $500,000 to tear down the liquor store so the teens could develop a neighborhood food resource. Meanwhile, By the Hand worked with architects and placemaking firms to help the kids figure out what the store would look like.

The Hatchery Chicago also chipped in to give the teens entrepreneurship training so they could learn how to implement their business plans.

Baker said the Austin Harvest is giving the teens meaningful jobs where they learn about marketing, customer service and management. Their work has resulted in internship offers.

“The amount of opportunities that we are creating for ourselves is incredible,” Baker said.

Keith Cankson said creating Austin Harvest has shown him how much of an impact young people can have on improving the local economy and promoting health in the neighborhood.

“This is my first job,” Cankson said. “And also, all the trainings that we get, it’s really building us so we can be entrepreneurs later on. That means we can do so much more. We don’t have to just be bound to this one thing.”

The teens turned their idea into a reality in just two months, but they see the project as ongoing. After their 12-week pop-up fresh market, their goal is to acquire a brick-and-mortar building and develop it into a full grocery store to satisfy their neighborhood’s dire need for food throughout the year.

Baker said their model is proof that when given adequate resources, residents in under-resourced neighborhoods can create innovative solutions to address their challenges. She hopes to see similar projects across the city following their lead.

“We’re popping up with the question as to why our community doesn’t look as great as everybody else’s,” Baker said. “This took us two months to do. We are the blueprint. So think about how much you can build off of this over time.”

 

Source: Block Club Chicago

Black Female Fishing Team Earns Historic Win In First Tournament

3 mins read

The Ebony Anglers, a Black female fishing team, took first place in the King Mackerel division of Carteret Community College Foundation’s Spanish Mackerel & Dolphin Tournament in Morehead City on the weekend of July 17-18.

The competitive women’s fishing team, established and based in the Triangle area, reeled in a 48 lb. King Mackerel, earning them a coveted citation from the North Carolina Wildlife Resources Commission. The award recognizes anglers for their outstanding recreational catches of fish most commonly caught in North Carolina.

The Ebony Anglers (l-r) Bobbiette Palmer, Gia Peebles, Tiana Davis, 48-lb King Mackerel, Glenda Turner, Lesleigh Mausi, and their boat driver at the tournament’s weigh-in.

The Ebony Anglers is a team of five professional Black women who embrace the sport of competitive fishing while balancing family, motherhood, and business. The team’s inception was the idea of Durham, NC salon owner and proprietor Gia Peebles when she and her husband witnessed the annual Big Rock Fishing Tournament in Beaufort, NC this past June.

“When I saw women of all ages coming from their fishing boats with fish and winning prizes, I noticed that there were no women of color competing,” says Peebles. “I said to myself, ‘We can do this. I already know accomplished women who are leaders and know how to win in other aspects of their lives. We can do this.’”

The women she had in mind, all of which are business owners from the Triangle area, were educator and festival owner Lesleigh Mausi, nail tech entrepreneur Glenda Turner, digital marketing specialist & editorial model Bobbiette Palmer, and Gourmet Catering Company owner Tiana Davis. Each woman accepted the call, and the Ebony Anglers was born.

Black Female Fishing Team
Holding the 48-lb King Mackerel are (l-r) Peebles, Mausi, tournament official, Palmer, and Turner.

In addition to embracing the sport of fishing, the Ebony Anglers honor a deep commitment to youth and cultural engagement through their annual mentoring and leadership programs. Black Girls Fish (BGF) and Black Boys Boat (BBB) are two educational initiatives of the Ebony Anglers.

The mission of both educational programs is to share with (and develop in) young girls and boys an appreciation and agility for fishing (and boating) as an outdoor sporting lifestyle; to educate youth in the fundamentals of fishing (and boating), both as a sport and as a lifestyle; and to empower youth with life skills that promote self-sufficiency, physical and intellectual fortitude, and sound leadership values.

The Ebony Anglers will now move on to compete in qualifying events throughout 2021, leading up to their ultimate goal: to compete in the Big Rock Blue Marlin Fishing Tournament in June 2021.

 

Source: Spectacular Mag

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Black Owned VC Firm in London Is Raising £100 Million to Invest in Black Founders

1 min read

Recent reports have found that less than 1% of venture capital is invested in Black businesses in the US and the number for the UK is no better.

London based, Impact X Capital Partners is a Black owned venture capital firm that is raising £100 Million ($131 million) to support underrepresented entrepreneurs within the entertainment, media, tech, health, and digital industries.

We spoke with Ezechi Britton. Founding Member, Principal & CTO in Residence at Impact X Capital about several topics including:

  • The need for diversity in the tech industry
  • The importance of investing in Black founders
  • How entrepreneurs can position themselves to be attractive to investors

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Tony O. Lawson


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