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The tech industry isn’t exempt from the phrase, “There’s enough room for everybody to win.” According to a Dice report, over 375,000 tech jobs were posted in October 2022 and were up by 25% from the previous year period (January 2021-October 2021). One of the U.S. cities creating an influx of opportunities in the tech sector is Detroit, MI. Last year, the “Motor City” ranked No. 1 on the list of top 100 emerging startup ecosystems in the world, per a report by Startup Genome.
Our history when it comes to Historically Black Colleges and Universities (HBCUs) is unmatched! The Pensole Lewis College of Business and Design (PLC) is the latest institution to make huge waves as it has officially drafted proposed legislation to become the nation’s first-ever re-opened HBCU. Originally known as The Lewis College of Business in 1928, it first operated as a secretarial school for Black women prior to relocating to Detroit in 1939 and became a critical economic source for the city’s Black community. Stemming from royalty, PLC is a dream school-made reality thanks to Dr. D’Wayne Edwards, the founder of the PENSOLE Design Academy in Portland, OR. He is also stockholder of the previously closed Detroit-based HBCU, Lewis College of Business. Now, through a partnership with the College for Creative Studies (CCS), PLC will reopen its doors in March 2022 with a mission to serve as a home for aspiring Black creatives, business leaders, designers and engineers. It will also...
Talk about money moves! PR Newswire reports that Byron Allen’s Allen Media Broadcasting (Allen Media) has purchased ABC affiliate WJRT-TV located in Flint, MI for $70 million in cash. Once the deal is closed Allen Media, founded by Allen in 1993, will own and operate 24 local television stations in 20 markets. They will also own and operate 12 television networks which include The Weather Channel and the free-streaming service, Local Now. The close of the Gray/Meredith transaction is reportedly anticipated to take place in the third or fourth quarter of this year (2021). “We are delighted to win the process to add this wonderful local television station and its great employees to the fast-growing Allen Media Group family,” said Allen , Founder, Chairman, and CEO of Allen Media in an official press release. “Over the past year-and-a-half, we’ve invested close to $1 billion to acquire best-in-class, top-tier, broadcast network affiliates and we plan to invest approximately ten billion...
MassMutual is linking up with Michigan’s only Black-owned bank to work toward closing the racial wealth gap! According to the news release , First Independence Bank (FIB) is the only Black-owned bank in Michigan and through the new strategic alliance with MassMutual Great Lakes (MMGL), they’ve committed to helping the underserved reshape how they view money. “At MassMutual Great Lakes, we believe every individual, small business owner, and corporation deserves the right to financial services and strategies designed to create stability,” said MassMutual Great Lakes Manuel Amezcua in an official news release. “Our commitment is to develop meaningful relationships that reshape the financial well-being and success of a diverse group of individuals and institutions in the communities we serve.” Since its launch in 1970, FIB has served the dreams and financial needs of Black Americans and is one of only 155 minority depository institutions, according to Black Enterprise, in the nation and...
She’s not new to this, she’s true to this! Founder and CEO of The Mane Choice, Courtney Adeleye is a natural go-getter. Born and raised in Detroit, Michigan — which she calls her foundation — is the place where she learned “if one door doesn’t open, there’s always another opportunity.” The wife and mother of three built her hair brand from the ground up through her own curiosity and specialized knowledge base. She joins AfroTech’s Black Tech Green Money podcast host Will Lucas to discuss the home-based-hobby that’s now grown into a multi-million dollar business, how she’s using her own insight to help others, and gives advice for people like herself who are trying to scale their own businesses within the beauty industry. As a graduate of the University of Michigan and a registered nurse by trade, she used her background and expertise in science to hone in on the ingredients and products that would produce the best results to help many other women improve their own hair health. “I...
Two Michigan natives are making history with the state’s first Black-owned brewery. Jamaal Ewing and Terry Rostic — who’ve deemed themselves as “craft beer heads” will open Black Calder Brewing Co. — on Black Friday. The craft beer heads will release their Black IPA (7% alcohol by volume), in the Grand Rapids area, reports the Detroit Free Press. The Black IPA will be sold exclusively out of Broad Leaf Local Beer in Kentwood and they have plans to collaborate with other Michigan breweries in the coming months. During its “start-up phase,” Black Calder will contract with Grand Rapids-based Brewery Vivant and Broad Leaf Local Beer with plans of opening a physical location in Grand Rapids in 2021. “Black Calder Brewing Company was established to make great beer and provide a platform for innovation, art, culture, and inclusion in the craft beer industry,” said Rostic in a news release. “We appreciate the significance of being recognized as Michigan’s first Black-owned brewery. It’s...