BlackOwned – Page 12

(BPRW) Wells Fargo Completes Investments in 13 Black-Owned Banks, Fulfilling $50 Million Pledge Made in 2020 | Press releases

(BPRW) Wells Fargo Completes Investments in 13 Black-Owned Banks, Fulfilling $50 Million Pledge Made in 2020 (Black PR Wire) SAN FRANCISCO–(BUSINESS WIRE)– Wells Fargo & Company (NYSE: WFC) today announced it has finalized investments in two additional African American Minority Depository Institutions (MDIs): The Harbor Bank of Maryland and Industrial Bank of Washington, D.C. By […]

Media Mogul Byron Allen Sues McDonald’s, Says The Franchise Doesn’t Advertise With Black-Owned Outlets

Media mogul Byron Allen filed a $10 billion lawsuit against McDonald’s Corp on Thursday, alleging the fast-food franchise is discriminating against Black-owned media companies such as his own. According to Bloomberg, Allen said McDonald’s spent less than 1% of its $1.6 billion ad budget with Black-owned media companies in 2019. “This is about economic inclusion of African American-owned businesses in the U.S. […]

Black Fraternity Members and HBCU Grads Create Show That Reviews Products from Black-Owned Businesses

A group of Black fraternity members and HBCU graduates have teamed up to create a show that reviews products from Black-owned businesses. The show that they have created is called The Urban Retrospect and according to the creators, its goal is to “give honest, down-to-earth feedback about Black-Owned products for use in our everyday lives.” […]

San Francisco Police Department to Lose .75 Million In Funding as Money Is Reallocated to Black-Owned Businesses

San Francisco Police Department to Lose $3.75 Million In Funding as Money Is Reallocated to Black-Owned Businesses

San Francisco Mayor London Breed has announced $3.75 Million of the San Francisco Police Department Budget will now be invested into Black-Owned Businesses according to San Francisco Chronicle. Breed made the announcement on May 5, that $3.75 million of the San Francisco Police Department’s budget will be funneled into Black-owned businesses as a result of a […]

First Black-owned 7-Eleven store opens in Nevada

History has been made in Nevada, after a year of planning a Black-owned 7-Eleven has opened in Las Vegas. The store is the first Black-owned 7-Eleven in the state. Owner Johnathan Lacy says he didn’t have a clue he was going to be the first Black owner of a 7-Eleven in Nevada until an executive […]

Black-Owned Vegan Burger Brand Get $300K Deal on ‘Shark Tank’

A trio of friends Duane “Myko” Cheers, Danita Claytor, and Jumoke Jackson co-founded Everything Legendary, a Black-owned vegan burger. The company landed a $300,000 investment deal on Shark Tank, earlier this year according to Black Business. In February, the trio pitched their business to the Sharks and signed a deal with Mark Cuban for $300,000 investment […]

Black-Owned Sauce Now On Shelves in Over 99 Schnucks Supermarkets

Reggie D. Smith founder of STL Pure Heat, started his company in 2013 and has become an instant household staple according to Black News. The Black-owned sauce has three different flavors Sweet n Spicy, Sweet and Mild, and Garlic Heat. In 2020 the sauce was named the 2nd Best in the World at the Scovie […]