Money Matters

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…

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 …

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 …

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…

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…

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…

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…

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…

Lisa Collins, Publisher It was billed as a way those 55 and older, severely disabled, or victims of a wildfire or natural disaster could move without being hit with a prohibitive property tax bill.  Sounds good, doesn’t it?  Better yet, was the assertion that a portion of the revenues raised from Prop 19 would provi…