Economy

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REPORT: Black Women Are Fastest Growing Group of Female Entrepreneurs

A new report from Nielsen puts numbers to Black women’s consumer, entrepreneurial and advocacy power in the 21st century.

Black tower with white antennae in front of gray and blue sky surrounded by brown and beige buildings behind brown sidewalk with pedestrian in green jacket

City of Chicago Deposits $20 Million With Only Remaining Local Black-Owned Bank

Illinois Service Federal Savings and Loan Association was founded during the Great Depression.

A street is flooded during the passing of Hurricane Irma on September 6, 2017, in Fajardo, Puerto Rico.

READ: Why Puerto Rico's Fiscal Crisis and Hurricane Irma Are a Catastrophic Combination

The author believes Irma was the final factor in the “perfect storm” that has been brewing on the bankrupt island.

Clear glass containers holding green marijuana flowers on grey metal shelf in front of white wall

This Black-Led 'Hood Incubator' Aims to Cultivate More Marijuana Entrepreneurs of Color

The Hood Incubator blends organizing tactics with legal and educational support and business connections to develop pathways for Black and Brown people who are typically frozen out of the growing legal weed economy.

Blue book

WATCH LIVE: Trump Administration Breaks Down 2018 Budget Proposal

How will it impact you?

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New Website IDs Corporations Profiting From the Abuse of Communities of Color

BackersOfHate.org documents Wells Fargo, Goldman Sachs, Uber and more companies’ ties to the Trump Administration and policies that negatively impact poor people of color.

Brown hands exchange green dollar bills with Brown person in pink shirt behind grey counter with grey-brown scale, black cash register and clear container of off-white garlic cloves

UN Report: Puerto Rico Debt-Fighting Measures Must Not Impact Human Rights

“The population in Puerto Rico cannot be held hostage to past irresponsible borrowing and lending.”

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READ: Killer Mike on How to Bring More Black People Into Medical Marijuana Boom

State-level marijuana legality reforms often don’t help African Americans who are frozen out of dispensary ownership. The rapper partners with scholar Erik Nielson for a new Rolling Stone essay that breaks down how to fix the disparity.

Split image of (on left) a comic cover with two smiling Black women against crowd in brown-floored and -walled room; (right) Black woman with blonde dreadlocks in blue denim and white cropped t-shirt, holding brown and white coffee cup

This Pioneering Comic Shop Owner Gets Her Own Marvel Cover

Ariell Johnson, the founder of Philadelphia’s Amalgam Comics & Coffeehouse, is the only Black woman to own a comics shop on the East Coast.

Black woman on phone against dark street and line of police in black riot gear

New Report Confirms That Black Millennials Rule the Internet

A new Nielsen report says that Black millennials are closing digital literacy gaps, empowering social movements and promoting entrepreneurship—all while innovativing via digital media platforms.

Black woman in black shirt, pants and jacket on tan brown chair

Black Female Tech Entrepreneur Raises $7 Million for Renewable Energy Startup

Jessica O. Matthews, CEO of Uncharted Play, is killing it in the tech world.

Colorlines screen shot of the report, "The Price Tag of Being Young: Climate Change and Millennials’ Economic Future," taken on August 25, 2016.

ICYMI: Climate Change Is Seriously Impacting the Financial Future of Millennials

Per usual, Black and Latinx people will be hit even worse in their wallets.  

Ava DuVernay in black dress with teal background

Ava DuVernay is First Black Woman to Direct a $100 Million Film

The “Selma” director is one of only three women to direct a live-action film with a sky-high budget.

A line of protestors hold up signs calling for immigration reform

POLL: Anti-Immigrant Sentiment Driven by Racism, Not Economic Concerns

It also found that where immigrants hail from has a big influence on how White Americans perceive them.

READ: A Brilliant Breakdown of Baltimore's Segregation

The new issue of Baltimore City Paper paints the picture of Baltimore’s deep and multifaceted segregation. 

Bedford-Stuyvesant rowhomes in multiple colors with White car parked in front

READ: This Article Proposes a Novel Strategy to Address Market Bias Against Black Homeowners

“It doesn’t matter if you’re a White homeowner or a Black homeowner,” legal scholar Dorothy Brown told The Washington Post. “If you’re in a neighborhood that’s 10 percent Black, that home isn’t going to appreciate the same way it would if you picked it up and moved it to an all-White neighborhood.”

Bernie Sanders Calls For Release of Puerto Rican Political Prisoner, Debt Crisis Resolution

During his remarks at the University of Puerto Rico, the presidential candidate called Puerto Rico’s ongoing debt issues a “terrible human and economic crisis.”

PRINCE Act Introduced in Minnesota Legislature

The act, an acronym for ”Personal Rights in Names Can Endure,” seeks to restrict the use of a person’s name and likeness after their death.

Puerto Rico Fails to Pay $422 Million in Bond Debts Owed Today

Puerto Rico governor Alejandro Garcia Padilla: “We would have preferred to have had a legal framework to restructure our debts in an orderly manner.”

Despite the Tubman Hype, Andrew Jackson Will Stay on the $20 Bill

After multiple reports that freedom fighter Harriet Tubman would ”replace” president and slave master Andrew Jackson on the $20 bill, Treasury Secretary Jacob Lew announced that he’ll stay there—just on the back.