Minority Business News
WASHINGTON – The economic status of African-Americans and the “crisis-level” income gap between the rich and the poor was the agenda of this year’s State of the Black Press luncheon Friday at the National Press Club in D.C. The event, sponsored by the National Newspaper Publishers Association Foundation, featured discourse among journalists and financial experts about the different factors affecting Black economics, including the crippling recession that some said wiped out gains made by middle-class Blacks during the recent recession. “The recession supposedly ended in 2009 but there are still adverse effects,” said economist Valerie Wilson, who works with the D.C.-based Economic Policy Institute. “At the rate of recovery that is taking place we will not reach pre-recession employment levels possibly until 2018.”
CHARLOTTE, NC -- Mr. Sylvia is the name that many call him; however, designer Gregory Sylvia is not a single designer at all. Founded by husband and wife duo, Gregory Sylvia is the brain child of Gregory and Terri “Sylvia” Pope. The Popes officially started sales in 2012 and has experienced a steady growth ever since. After a year and a half, company sales surpassed $350K and the couple has been busy implementing new growth strategies to continue the incline, Gregory and Terri “Sylvia” started their brand as a means to fill a gap that they noticed in the marketplace. After noticing a lack of presence of African Americans producers in the leather goods industry they felt that it could be a place where they could be successful and make an impact. Soon after, the couple went to work on their brand- developing a vision, establishing a brand name, drafting logos, designing products, etc.
In "Common Anomaly," 16-year-old Evan White gives timely practical financial advice
Evan White is a teen finance wizard. At the tender age seven, he began looking into all things business after earning his first dollar doing household chores. At age 10, he began watching Bloomberg TV and got interested in the stock market. A year later, he asked his father for a proxy online stock trading account and started investing. Now, at age 16, White teaches teens the basic and fundamental concepts about business construction and business finance in his newly published book, titled Common Anomaly. COMMON ANOMALY Business Basics and Fundamentals For Teens
If you weren’t paying attention, veteran conservative commentator Armstrong Williams is becoming a “media mogul” having purchased a trio of TV stations in transactions that were part of a number of larger TV acquisition deals brokered by Sinclair Broadcasting Inc. Much could be said about how Williams’ connection to conservative Republicans enhanced his entrance into the realm of media ownership. Over the years, Williams has become a multi-media manager and now an owner. Williams is a third-generation Republican. A Williams’ company, Howard Stirk Holdings, LLC, announced that it has completed negotiations to acquire TV stations WEYI in Flint, Mich., WWWB in Myrtle Beach, S.C. and WMMP in Charleston, S.C. The name “Howard Stirk” is taken from Williams’ mother’s maiden name, Howard, and his father’s middle name, Stirk.
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