Finance


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Bank of America Offers Zero Down-Payment Mortgages to Black, Latino Borrowers

Stacy M. Brown/NNPA Newswire Bank of America announced a new zero down payment, zero closing cost mortgage solution for first-time homebuyers, which will be available in designated markets, including certain African American and Hispanic neighborhoods in Charlotte, Dallas, Detroit, Los Angeles, and Miami. According…
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Cal Black Chamber of Commerce’s Biz Summit 2022 Offers Opportunities to Bid on Contracts

Antonio‌ ‌Ray‌ ‌Harvey‌ ‌|‌ ‌California‌ ‌Black‌ ‌Media‌ The California Black Chamber of Commerce Foundation Inc. (CALBCCF) is offering “game-changing opportunities” for mini micro, micro, and small business proprietors of the state at the Economic Business and Roundtable Statewide Summit 2022. Under the theme, “Pi…
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California Cities are Pilot Testing Guaranteed Basic Income Programs

Manny Otiko | California Black Media Guaranteed basic income isn’t a new idea. Dr. Martin Luther King Jr talked about the idea of low-income people receiving regular checks from the government in the 1960s. It was brought up again during the 2020 presidential campaign when Democratic candidate Andrew Yang, a techn…
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The SBA Partners with Operation Hope to Empower Black Businesses

Staff The Small Business Administration has partnered with Operation Hope for a Strategic Alliance Memorandum (SAM) geared toward the development of entrepreneurial potential within the Black community. “Our work together will help advance President Biden’s vision for an economy that works for all Americans and is …
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Plan to Phase Out Sales of Gas-Powered Cars in 2035 Has a Long Road Ahead

Solomon O. Smith | California Black Media   California has announced a new policy that will phase out the sale of gas-operated vehicles in 2035, thirteen years from now. But that ambitious effort to protect the environment leaves some unanswered questions. The order was formalized into policy by the California Air …
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Jay-Z, Will Smith Invest in Program to Help Renters Purchase Homes

  Stacy Brown, NNPA Newswire       Landis Technologies, a Pennsylvania-based company that has provides consulting, implementation, and ongoing support services for Microsoft technologies, announced they are raising $165 million from a group of investors that includes superstars Jay-Z and Will Smith.      …
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Byron Allen Secures Winning Bid for the Black News Channel

D.T. Carson Launched in 2020 by TV exec Bob Brillante and former congressman J.C. Watts— and funded by Jacksonville Jaguars owner Shahid Khan—the Black News Channel was dedicated to covering the unique perspectives, challenges and successes …
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Who’s the Richest of Them All?

Staff       With a reported net worth of $6.7 billion, Robert F. Smith repeats as the United States’ richest black man according to Forbes’ 36th annual ranking of the world’s billionaires. Smith—you’ll remember— paid off the entire student loan debt of the Morehouse College graduating class of 396 students in 2019…
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Jay-Z Makes A Giant Move in Cannabis Industry

It is often said that Jay-Z does nothing small. Proof of that is his latest business move in the Cannabis market. The billionaire rap mogul and his cannabis company, The Parent Company, have acquired the Coastal Dispensary for a reported $56.2 million, with the additional option of equity in other stores bumping the…
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Issa Rae Partners with AMEX’s & the U.S. Black Chambers ByBlack Initiative

Staff American Express—in a joint campaign with the U.S. Black Chambers (USBC)— has announced the expansion of ByBlack with the first national certification program exclusively for Black-ownership designation. First created as a directory of Black-owned businesses, ByBlack provides businesses an approved accreditati…
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Shark Tank’s Daymond John Joins Lowe’s In Offering Small Businesses Once-In-A-Lifetime Shot

Daymond John, star of ABC’s Shark Tank, is once again teaming up with Lowe’s Home Improvement stores for it’s “Making It” program, which offers businesses a once-in-a-lifetime shot to pitch their product to top Lowe’s executives. The product pitching competition strives to provide diverse entrepreneurs the opportuni…
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Final Round: Cal Small Businesses Can Apply for Up to $25,000 in New COVID Grants

Antonio Ray Harvey | California Black Media Lendistry, a Black-led-and-operated Community Development Financial Institution (CDFI), will be accepting applications April 28 through May 4 for a fifth round of funding in the California Small Business COVID-19 Relief Grant Program. Late last year, the state selected the…


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