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NV Awards 2011 in NYC: A Salute to Urban Professionals in Business

Categories: Business
NV Awards 2011 in NYC: A Salute to Urban Professionals in Business

The NV Awards is designed to put the spotlight on the best of the best in business and to let everyone who witnesses it know that anything is possible. It delivers on that design every year.

Be a part of the NV Awards 2011 on Saturday, October 29th at the Alvin Ailey theater in New York City. Be inspired, network, and join the celebration of “A Salute to Urban Professionals in Business.”

Visit the website at www.nvmagazine.comRead full post

100UrbanEntrepreneurs.Org Empowers Today’s Dreamers

Categories: Business
100UrbanEntrepreneurs.Org Empowers Today’s Dreamers

100 Urban Entrepreneurs co-founders Lucas Riggins (left) and Magnus Greaves at a pitch event in Birmingham, Alabama last year.

MAGNUS greaves and Lucas Riggins are the co-founders of 100 Urban Entrepreneurs. Their company is on a mission to provide a meaningful, long-term economic boost to urban communities throughout the United States by supporting minority entrepreneurship at its earliest stages. Participants in their Pitch Competition have a shot at $10,000 and 8-weeks of mentoring to launch your…Read full post

Top black entrepreneur, casino magnate Don Barden dies

Categories: Business, Economics
Top black entrepreneur, casino magnate Don Barden dies

Darren A. Nichols / / The Detroit News

Detroit— Don Barden, who is regarded as one of the foremost African-American entrepreneurs in the country, has died.

Barden, 67, died today after his battle with lung cancer. Barden died at the Barbara Ann Karmanos Cancer Institute, where he had been getting treatment, his attorney, Henry Baskin, told The Detroit News this morning.

With a career spanning more than 40 years in casinos, real estate development and the entertainment industry, Barden was regarded as one of the…Read full post

Blacks lose ground in big corporate boardrooms

Categories: Business
Blacks lose ground in big corporate boardrooms

By Norm Bond

White men still overwhelmingly dominate corporate boards with few overall gains for minorities and a significant loss of seats for African-American men. That’s the status according to the 2010 Alliance for Board Diversity Census, released this week. In spite of the growing diversity in America, the boards of directors of Fortune 500 companies are increasingly male and primarily white. (more…)

Minority Business Group Blasts Lottery Through Billboards

Categories: Business
Lottery+Billboard
The Connecticut lottery is more than willing to take money from minorities but does not invest in minority communities, a minority business group is claiming through billboards that have gone up in the Hartford area.

The Greater New England Minority Supplier Development Council has launched a campaign that started with two billboards in the Hartford area.

The campaign will grow unless changes are madeRead full post

Hoteliers caught in discounting trap

Categories: Business

By Dionne Rose, Business Report – Jamaica Gleaner News

Jamaican travel executives
Projections for the performance of the local tourism sector this year appears to involve more of the same despite stakeholders predicting an uptick this year on the back of small improvements seen in 2010. However, industry representatives say discounting will continue throughout the year, as the market continues to be resistant to price increases.

President of the Jamaica Hotel and Tourist Association, Wayne Cummings, is expecting the bulk…Read full post

Comcast, NBCU Sign MOU With African American Groups

Categories: Business

By John Eggerton — Broadcasting & Cable, December 17, 2010

Comcast and NBCU
Comcast and NBCU have reached a memorandum of understanding (MOU) with the NAACP, National Urban League and National Action Network (Rev. Al Sharpton) on the steps, most already outlined, it will take to promote diversity in corporate governance, employment/workforce recruitment and retention, procurement, programming, and philanthropy and community investments.

“This historic agreement is a template for how major corporations should commit to concrete ways they will…Read full post

A Digital Error! Comcast and NBCU

Categories: Business

As Comcast, the nation’s biggest cable and broadband Internet company, seeks to grow even larger by consuming NBC Universal – Black Americans need to get off the sidelines and demand to receive fair levels of participation and parity, economic inclusion, and workplace respect in this proposed $30-billion transaction. Why?

Comcast has a history of racial exclusion, and a tendency to want to remain “hands-off.” For example, during construction of the new Comcast Tower in Philadelphia, when Paul Solomon, an African American hoist operator, said that a white…Read full post

African American Company Breaks Ground for Largest Hotel in Nation’s Capital

Categories: Business, Economics

Norm Jenkins, president of Capstone Development, LLC and Board Member of the National Association of Black Hotel Owners, Operators and Developers (NABHOOD) broke ground on November 10 for the new $540 million, 1,175 room Marriott Marquis headquarters hotel. It is being developed adjacent to the Walter E. Washington Convention Center.

Marriott, Washington, DC
This is the latest feather in the cap of the fast-growing NABHOOD. Organization President Andy Ingraham said in an interview that 150 Black…Read full post

BE 100 – Nation’s Largest Black Businesses

Categories: Business
BE 100'S Cover
How familiar are you with the 100 largest Black-owned businesses in America? Known as the BE 100, this year marks the 38th annual report on these businesses by Black Enterprise magazine. There are five different categories including: Industrial/Service, Auto Dealers, Advertising Agencies, Banks, Asset Managers, Investment Banks, and Private Equity Firms.

Overall, in 2009 the BE 100 companies posted a 12.53% drop in revenues to $17.905 billion and a 5.47% decline in payroll to 67,…Read full post

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