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LLC Twitter and Instagram will have you believe that the only way to achieve success is through countless work hours and minimal rest and self-care time. The social media gurus would also attempt to convince you that entrepreneurship is this magical, stress-free journey toward economic freedom. That’s not the case. There are many benefits to having a side hustle, grinding until you win, and having the autonomy of business ownership. However, most successful entrepreneurs would tell you that the growth journey isn’t entirely black and white. It is also filled with gray areas, as every business, person, and idea is nuanced. And while LLC Twitter and Instagram provide some false sense of reality through meme culture, some universal truths exist that can help every aspiring business owner thrive. This is where Luke Cooper enters the chat.
Sometimes there’s a thin line between work and real life. For one John Hopkins University professor, after teaching lessons to students about redlining, or the act of refusing a loan or insurance to someone because they live in an area deemed to be a “poor financial risk,” he is experiencing housing discrimination himself. Professor Nathan Connolly teaches the history of redlining in America by day. Unfortunately, by night, his own family has become the target of housing discrimination, according to a report from The New York Times. Although the professor and his wife Dr. Shani Mott were optimistic about the value of their home increasing after conducting renovations that totaled in the amount of $35,000, on top of another $5,000 for a new tankless water heater, the couple was met with an underwhelming offer.
Loyalty Bookstore, founded by Hannah Oliver Depp, is a space where Black people, people of color, and queer people can build community through their shared love of diving into books. While Good Morning America highlighted the Black and queer bookseller’s bookstore for Black Business Month, her mission is to champion Black and diverse voices each day it opens its doors. Located in Washington, D.C. and Silver Spring, MD, Loyal Bookstore shines a light on the plethora of stories being told while also catering to local residents. "We want to make sure everyone knows there's a multiplicity of Black stories." In honor of Black Business Month, we're paying a visit to Hannah Oliver Depp, the owner of @Loyaltybooks , who is writing a new chapter for her community in Washington, D.C. ❤️📚 pic.twitter.com/S1Bwcp68AY — Good Morning America (@GMA) August 15, 2022
Talk about soaring to new heights! Caleb Smith is not your average 16-year-old. The P.G. County, MD native just made history as the youngest Glider pilot in the United States per reports from WUSA-9. It’s a dream come true for the high school student who has had a dream to work in aviation ever since a birthday trip to the airport at the age of 10. It was after that discovery flight at Bowie Freeway Airport, Smith knew that this would be the lane for him and would even periodically check to see if the vision was still intact by flying periodically with a Certified Flight Instructor (CFI) over the years.
Maryland resident Omolayo Adebayo turned a four-year-long dream of hers to help the homeless into an innovative nonprofit for the community. After Adebayo’s nonprofit — The Neighborhood Well — raised $50,000 to purchase a mobile shower, the 32-year-old rolled out the unit in October 2021, Fox 29 reports. According to Adebayo, the vision for an innovative way to help the homeless was first spurred in 2017. “It came from a dream, from God,” Omolayo Adebayo told the outlet. “It was a mobile shower, a man in front of it saying ‘Thank you’ and that was the dream.” She continued: “And that came around the time God was pushing me to start a non-profit,” she continued. “So once I had that dream, it solidified…this is what the non-profit was for.”
It’s about time the Black community got the affordable housing and spaces needed for us to grow and flourish! In a new announcement made in a press release, The Woodforest CEI-Boulos Opportunity fund shared the details for its $1.1 million equity investment in the Zero Energy North Avenue Affordable Housing project currently located in the “Black Arts District” within West Baltimore’s Penn North neighborhood. The high-impact commercial real estate Opportunity Zone fund was created by Woodforest National Bank and CEI-Boulos Capital Management to change the narrative when it comes to affordable housing. Thanks to the investment, the project to rehabilitate abandoned, historic townhouses will become the first multifamily, zero energy development in the city of Baltimore. It will also be the first mixed-use, zero energy development in the state of Maryland. “This project is a perfect example of using the OZ incentive and CRA investment to help make the vision community members had for...
Tamar Braxton is taking her talents to real estate! Recently, the songstress shared that the deal on her first real estate investment project was being finalized. Per Atlanta Black Star, the project includes a plot of land located in Atlanta where Braxton says the land is being developed into a multi-million-dollar gated community. “My heart is so full today,” said Braxton via Instagram. “The last few years I felt like I was in a tornado with the whole world watching. But today I’m on a new journey and everything is under construction (new music, new book, new candles, new TV projects, & real estate.) I have so much to be thankful for.” And “thankful” is the correct term as that the “Love and War” singer now has a $10 million investment under her wing. “Today I closed on my first real estate investment project in Atlanta. It’s a 10 million dollar subdivision project and I’m super excited about it,” she wrote in her Instagram post, which displayed an aerial shot of an...
It’s nothing like giving back to the place where it all started! For Calvin E. Tyler, that place is Morgan State University. The alumnus just donated $20 million to the HBCU making it the school’s largest private donation from a former student in its 154-year-history, according to a press release. As a Morgan State student during the 1960s, Tyler studied business administration. He ultimately switched his career goals due to financial reasons and became one of the first 10 UPS drivers on the east coast. At UPS, Tyler worked his way up through the ranks and eventually became senior vice president of operations prior to his retirement in 1998. In 2002, Tyler and his wife Tina created the “Calvin and Tina Tyler Endowed Scholarship” at Morgan State University with a vision to provide full-tuition to students. The Tylers made a $5 million commitment to the HBCU in 2016, making it the largest private donation in the school’s history at the time. Now, they’ve followed up and made history...
Meet Kristal Hansley, the first-ever Black woman to own a community solar energy company! According to Black Business , Hansley, founder of WeSolar and an advocate for the use of solar power, knows how solar energy has helped thousands of low-to-moderate income families save on their electricity expenses. She says this is what motivated her to get her company established that is “dedicated to specifically opening community solar farms in neighborhoods like Baltimore.” While she focuses on neighborhoods in Baltimore, she specifically wants to help families in underserved areas save on their utility bills. “During my time leading the Community Affairs policy at Congresswoman Eleanor Norton’s office, Maryland passed new laws to increase the use of solar energy across the state. I saw how effectively solar could reduce the cost of electricity for households, and decided to get involved in the emerging world of community solar,” Hansley told Black Enterprise . Her aim as the first Black...
Inclusivity and diversity in the cannabis sector is now being made possible with the help of one Black founder. Founder of Uplift Maryland , Kevin Ford, created a platform that offers resources and training to create space for African Americans interested in getting into the medical marijuana field. After exploring the medical market in various legalized states, he discovered the need to streamline information around the process. He also aims to break down the stigma surrounding the cannabis industry and create a community for those interested. “Being a medical patient myself, I saw a void in the market for a clear source of information. I realized how complicated it could be to navigate the registration and certification process,” Ford said, according to Because of Them We Can. “With countless stigmas surrounding cannabis, I wanted to create a community where people are supplied with education, tools, and economic resources to pursue their entrepreneurial dreams in this very...