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THE STATE OF BLACK WOMEN-OWNED BUSINESSES

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There’s no shortage of news about the evolution of women-owned businesses in the past few decades. More women are diving into entrepreneurship and earning a bigger piece of the financial pie that keeps the economy moving. According to the 2018 State of Women-Owned Business Report, commissioned by American Express, the number of women-owned businesses increased by nearly 3,000% since 1972. The report examines trends in women businesses, including black women-owned businesses, based on the 2012 Survey of Business owners and annual gross domestic product estimates.

In an exclusive interview with American Express research advisor Geri Stengel, we examine the trends in women-owned businesses and how black women have contributed to that growth:

Read full story Charlene Rhinehart here

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Johnson Publishing, once chronicled black life in Ebony and Jet, going out of business.

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Johnson Publishing, whose iconic Ebony and Jet magazines chronicled black life in America for decades, has filed for bankruptcy and plans a court-supervised sale of its assets.

The 77-year-old company, which sold Ebony and Jet almost three years ago, on Tuesday filed for Chapter 7 bankruptcy liquidation after it was unable to restructure its operations or arrange financing or a sale.

Read full story @ The Chicago Tribune

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The Women of Power Summit

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Terrell Owens, Ricky Williams Among Founding Owners of Freedom Football League

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Football fans craving pigskin in the spring will have their answer thanks to a number of former NFL players.

Former NFL running back Ricky Williams announced Thursday on ESPN’s Outside the Lines that he is one of the founders of the Freedom Football League, per Field Yates of ESPN. Williams is joined by fellow founders Terrell Owens, Simeon Rice and Mike Alstott, among others.

The league will play during the spring as to avoid competing against the NFL and collegiate football in the fall.

According to ESPN.com, there will be 10 teams when the league starts—the San Diego Warriors, Oklahoma City Power, Portland Progress, Texas Revolution, Ohio Players, Florida Strong, Birmingham Kings, St. Louis Independence, Connecticut Underground and Oakland Panthers—with the chance for eventual expansion if it succeeds.

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