Business and Finance

Meta: Crypto trading platform at a glance. Source: Washington City Paper
Business

What is Cryptocurrency?

Cryptocurrency is one of those buzzwords that everyone is talking about, but very few people understand. The explosion of the digital capital market over the

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Black History

CHANGING THE FACE OF CURRENCY-Maya Angelou

“Each 2022 quarter is designed to reflect the breadth and depth of accomplishments being celebrated throughout this historic coin program. Maya Angelou, featured on the reverse of this first coin in the series, used words to inspire and uplift,” Mint Deputy Director Ventris C. Gibson said in a statement.

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Business

David Morgan, MMCA

Working hard to increase Black, Indigenous and People of Color (BIPOC) Media Power. Meet David Morgan President, Multicultural Media & Correspondents Association. David is managing partner

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Business and Finance

Why Your Business Needs to be Certified as a Diverse Supplier?

According to the Billion Dollar Roundtable, 28 Fortune 500 companies spend at least $1 billion each year with diverse suppliers[1]. These are some of America’s leading corporations actively looking to spend money with diverse-owned businesses. So, what does this mean? Being certified as a diverse supplier is more important than ever.

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Business and Finance

Protecting yourself from Fraud

Franklin in Ventura Village, for some frequently asked questions (FAQ), and to discuss tips and best practices for securing a better financial future.

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Advice

TPD Pharmacy launches community wide health initiative to better serve Blacks in Walnut Park

With a desire to bring pharmacy services to a historically underserved neighborhood, Dr. Tracy M. Reed opened the TPD Pharmacy to serve the St. Louis community and beyond. A podiatrist by trade, Dr. Reed obtained her degree in Podiatric Medicine from the William M. Scholl College of Podiatric Medicine in Chicago, completed her Residency at Saint Barnabas Hospital, and has over 24 years of experience in the medical field.

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Photo Courtesy of RJI
Business and Finance

Financing multicultural media: New collaboration positions publishers of color as catalysts for equitable community development (The finale of 6 Parts)

“Trusted local information and the people and systems that gather and distribute it are critical infrastructure for communities, just like the people and systems necessary to provide housing, roads, electricity, clean air and water, healthy food, reliable broadband data networks, schools, healthcare and cultural institutions,” Nachison says.

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Photo Courtesy of RJI
Business and Finance

Financing multicultural media: New collaboration positions publishers of color as catalysts for equitable community development (Part 5)

CDFIs aren’t the only institutions that would benefit from investments in community media. Banks and other lenders, under the Community Reinvestment Act of 1977 (CRA), are required to meet the credit needs of the communities where they do business, including low- and moderate-income communities. The Act was a response to redlining — the discriminatory practice of denying loans to residents and business owners based on their race or ethnicity. Every two to five years, banks have to undergo an audit by federal banking regulators to see how well they are meeting the terms of the CRA. Banks that do not meet the requirements face heavy regulatory scrutiny and can have difficulty getting approval for mergers or expansions.

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Photo Courtesy of RJI
Business and Finance

Financing multicultural media: New collaboration positions publishers of color as catalysts for equitable community development Part 4

Dynasty Consulting, is a multicultural brand marketing firm co-founded and led by David Beckford, owner operator and advisor to more than 100 African American multi-media platforms including radio, print and OTT platforms. Since 2019, Dynasty has generated more than $1 million for its clients through general advertising, sponsored content, profit-sharing and other strategies and by leveraging their combined reach through the Dynasty Media Portal.

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Photo Courtesy of RJI
Business and Finance

Financing multicultural media: New collaboration positions publishers of color as catalysts for equitable community development Part 3

The Local Media Association (LMA) has made sustainability for publishers of color one of its four strategic pillars, building capacity through its Digital Transformation Lab, the Fund for Black Journalism, and the Word In Black collaborative. And Local Independent Online News (LION) Publishers through its Tiny News Collective is making critical support more accessible to first time founders that are underrepresented in the news landscape.

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Photo Courtesy of RJI
Business and Finance

Financing multicultural media: New collaboration positions publishers of color as catalysts for equitable community development Part 1

As part of RJI’s Inclusive Media and Economies Project, RJI, the Multicultural Media and Correspondents Association (MMCA) and Dynasty Consulting are teaming up to help publishers of color tap into community development, revitalization and reinvestment funds, and then use those investments to test new revenue strategies and build more sustainable business models.

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Photo by Associated Press
Business and Finance

Reinvestment Fund Awarded $60 Million in NMTC Allocations

A nonprofit Community Development Financial Institution (CDFI), Reinvestment Fund pursues a comprehensive approach to strengthening historically excluded neighborhoods and creating economic opportunities for their residents. Its NMTC program is a critical part of its approach, enabling it to support large, high-impact projects that prioritize what the local community actually needs or wants.

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P
Business and Finance

Are Opportunity Zones a blessing or a curse?

Opportunity Zones can truly be a blessing for marginalized communities. If we mobilize financial professionals, real estate investors and entrepreneurs, we can take advantage of the massive opportunity. We can develop a team of investors – who either come from or currently live within the zones – that understands what our neighborhoods are missing.

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Business and Finance

Expanding Mobile Phone Options a Win for Consumers

Mobile phones are everywhere. In fact, according to data from Pew Research, 97% of Americans now own a cellphone of some kind, with 85% using a ‘smartphone.’ Interestingly, the device that launched the smartphone revolution – the iPhone – was first introduced a mere 14 years ago.

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Business and Finance

Our path forward to advance equity

The past year has been one of the most tumultuous chapters in recent history for Black Americans, with numerous reminders that systemic racism brings devastating

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