SHOPPE BLACK

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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Black Owned Athleisure Brands You Should Know

1 min read

In the dynamic world of athleisure, where comfort meets style and movement fuels passion, Black owned athleisure brands are leading the charge with innovative designs, empowering messages, and a deep commitment to community.

From sleek leggings to bold tops that celebrate heritage, these brands are more than just threads and fabrics – they’re testaments to resilience, creativity, and the boundless potential of athletic spirit.

So lace up your sneakers, grab your water bottle, and get ready to discover the vibrant world of Black owned athleisure.

Black Owned Athleisure Brands

Impano Sportswear

Black Owned Athleisure Brands

JOJA

Black Owned Athleisure Brands

CultureFit  

10 Black-Owned Fitness Apparel Brands - AMN Magazine

TriPow3r

Y-Fit Wear 

Pru Apparel

Full Court 

Black Owned Athleisure Brands

Roam Loud

Roam Loud Athleisure and Activewear Promotes Unapologetic Self Love - Rhode Island Monthly

Dope Fit Chick

ICONI

Black Owned Athleisure Brands

Actively Black

Actively Black Athleisure Wear

Solely Fit

Spiked Wellness

Our Story — Spiked Spin & Wellness Co.

ZOEZI

Damihow

EleVen 

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One of the Largest Black Owned Title Insurance Companies Closes $30 Million Dollar Affordable Housing Deal and Continues to Give Back to The Community

5 mins read

It isn’t often that you hear about large businesses that genuinely care about the community in which they operate, but this case is different.

As New York City is slowly reopening while spurring affordable housing to meet the growing demand post-pandemic, National Standard Abstract (NSA) closed a $30 million real estate transaction deal to develop a new affordable housing project in Brooklyn.

NSA is a title insurance agency owned by father-son duo, Osei and Nadir Rubie, widely-renowned as industry leaders after closing over $1 billion in commercial and residential real estate transactions in less than five years.

“In our five-plus years of operation, a common question posed to us is ‘how do we engage National Standard Abstract to provide title insurance for our project or transaction?’ As an MBE NYC Certified firm, our credentials are inclusive of City-funded commercial real estate projects as well as market-rate development projects,” said Nadir Rubie, partner, National Standard Abstract.

The Deal

Vacant city-owned land situated in the Brownsville section of Brooklyn will now become a seven-story residential building with 71 units. The nearly 47,000 sq. ft. structure will include 55 studios, 14 one-bedroom, and 2 two-bedroom apartments.

The amenities include a reception desk and mailroom; a multipurpose room; offices for supportive services, tenant and bike storage in the cellar; a landscaped garden in the rear yard; and a green roof with solar panels.

Black Owned Title Insurance

Backstory

CB Emmanuel Realty LLC is a real estate development company focused on acquiring and revitalizing investment-grade properties in New York City and the surrounding metropolitan area. With a focus on dynamic urban neighborhoods, CB Emmanuel Realty LLC develops ground-up market-rate and affordable apartments through the preservation and upgrading of historic, irreplaceable assets.

In 2015, the New York City Department of Housing Preservation and Development (HPD) issued a Minority and Women-Owned Business Enterprise Building Opportunity Request for Proposals.

Two years later, CB Emmanuel Realty, LLC and Services for the Underserved received the award to jointly oversee development of the site into housing for formerly homeless individuals with disabilities.

The HPD Supportive Housing Loan Program (SHLP) has underwritten the project. This designation is pivotal in strengthening Black communities by ensuring every dollar invested continues to circulate amongst Black-owned businesses.

Black Owned Title Insurance
Osei Rubie, Christopher Bramwelll and Nadir Rubie

Giving back

Following the announcement, CB Emmanuel Realty, LLC chose National Standard Abstract who has committed a portion of every real estate transaction to support the community in which they do business.

“It is our responsibility to provide opportunities for other minority-owned firms that we know engage, inspire, and empower people of African descent in the community. National Standard Abstract (NSA) has demonstrated this philosophy in action after every transaction they complete. For that reason, we hire NSA to provide title insurance for all of our real estate transactions,” said Christopher Bramwell, managing member, CB Emmanuel Realty, LLC.

“As New Yorkers, we overcame many challenges during the COVID-19 pandemic and continue to persevere despite our new normal. I am proud that National Standard Abstract remains an integral partner during this critical time to build one community at a time. I look forward to helping with the economic resurgence through our leadership in title insurance and our philanthropic arm, the Osei Rubie Charitable Fund,” said Osei Rubie, president and founder of National Standard Abstract.

To date, via the Osei Rubie Charitable Fund,  $100,000 has been awarded in less than a year to fifteen organizations and counting that advance black culture, excellence, and generational wealth.

Tony O. Lawson


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She Created The Largest Black Woman Owned Beverage Manufacturing Business in the U.S.

1 min read

Nailah Ellis-Brown is the founder and CEO of Ellis Infinity Beverage Company, the largest Black woman-owned beverage manufacturing business in the United States.

In this interview, we discussed how the business grew from her mother’s basement and being sold out of her car, to operating out of a state-of-the-art facility and being stocked in retail locations across the country.

We also discussed some of the details of a recent investment her business received from actor, Kevin Hart.

 

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Tony O. Lawson


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Black Owned Digital Banking Platform Rewards Users For Supporting Black Businesses

1 min read

MoCaFi (Mobility Capital Finance) is a Black-owned digital banking platform that targets more than 50 million unbanked and underbanked people in the U.S.

Today, they have enrolled more than 25,000 users, raised more than $6M in seed rounds, collaborated with Fortune 100 companies, and established a presence in major U.S. cities. 

When you open a MoCaFi account, your account number and routing number are immediately available for direct depositing approved payroll and government benefits checks. You can also use their Bill Pay feature to send check payments to your landlord and opt-in to report those payments to Equifax and TransUnion.

MoCaFi also partners with Black owned businesses to offer account holders discounts on everything from grooming to organic home goods.

We caught up with their CEO, Wole Coaxum, to discuss how he plans to use these financial services to empower the Black community.

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by Tony O. Lawson

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