Black Owned

Feb 28 2013

Organization preaches economic development

Recycling Black Dollars (RBD) encourages members to patronize Black-owned businesses to further expand the economic power of African American merchants and the households that support them.

Aug 9 2012

Helping small businesses jump on board with new technology

Jimmy Stewart has the nation’s only Black-owned telephone company. Now he wants to help small Black businesses do the same. He is traveling the country to explain this and other technological issues that Black businesses should be aware of.

Sep 15 2011

Closures set for Nov. 7

Broadway Federal Bank will soon close its Wilshire Boulevard and Leimert Park branches as part of “a broad recapitalization plan,” according to a statement released by its parent company, Broadway Financial Corp.

“The recapitalization will strengthen the bank’s capital base and lower fixed cost, which in turn will position the company for future growth and improved profitability,” said Paul C. Hudson, chairman and CEO.

The two branches, which are the least busy of its five retail offices, are set to end operation on Nov. 7.

Coby Kindles  |   OW Contributor
Apr 28 2011

State wants to sell, but locals push to keep them

During the late 1940s, Golden State Mutual became the largest Black-owned insurance company in the western United States. It was one of the first companies to offer life insurance to this city’s African American population, and it operated for 60 years from its home office in the West Adams district until closing a few years ago.

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.

California
San Diego college students and volunteers will carry out their sixth home restoration project on Wednesday, July 10 through Sunday, July 14. as part of the “Healing our Heroes’ Homes” (H3) program created by the nonprofit Embrace. The five-day effort will take place at the home of medically retired Marine Corps Capt. Sarah Bettencourt. Bettencourt served with many different units across the country during the Global War on Terrorism and developed a rare neurological disorder in 2008. With a focus to restore the homes of disabled veteran homeowners, H3 falls in line with Embrace’s mission to mobilize college-student volunteers and community members to serve less fortunate members of civilian and veteran communities. The project for the Bettencourts’ home includes kitchen and bathroom remodeling, building ADA-compliant disability ramps, widening their driveway to ADA standards, widening doorways and landscaping.
 
District of Columbia
The 2013 Smithsonian Folklife Festival will showcase its five-year community research project on African American identity with the program “The Will to Adorn: African American Diversity, Style, and Identity.” This multicity collaboration examines the history and culture of the aesthetics of African Americans. The festival will be held June 26-30 and July 3-7, outdoors on the National Mall between Seventh and 14th streets. “Whether we realize it or not, we are all dress artists. The way we compose our look is a creative expression of our ideas about who we are and who we aspire to be,” said Diana N’Diaye, program curator. “This program explores the diversity of African American traditions of style, but also teaches young people the importance of documenting their own culture and saving that information for themselves and future generations.”