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t is a well known fact of the Black Business News (BBN) that small businesses are the backbone of our economy. They are central to our identity as a nation. Small and minority businesses will continue to be an important part of our economy. It was this fact that the BBN has followed the work done by the National Minority Development Supplier Council (NMDSC) with its 2015 Conference, which takes place in San Diego, October 18-22, 2015. At the NMDSC Conference, reportedly more than 6,000 corporations and stakeholders reportedly committed to diversity will be on hand to promote diversity and provide a forum to exchange commerce. This is what many describe as the "super bowl" of supplier Pubisher/Chief Executive Officer diversity conferences. The BBN applauds those companies that have a demonstrated history of diversity, especially as it relates to African American businesses. However, we still have a watchful eye on those companies that haven't demonstrated good-faith not only with their supplier chain management, but also with their governing board. With more than 40 years history in the supplier diversity space, I would like to share some of the key ideas on successful programs. One is to have an unwavering leadership to supplier diversity that starts at the top with the CEOs and other top management. Second is have measurable goals and results that can be validated and audited. Third and lastly, have it mandated that in all new and existing business engagements that there be active practices and procedures of sourcing and identifying business opportunities for the under-services and under-represented segments of the population. The BBN takes this to heart by our involvement with the California Department of Insurance at the 4th Annual Insurance Diversity Summit in November of 2015. In California alone, we pay more than $260 billion a year in premiums to a host of insurance carriers with little oversight or accountability. Similar to the public utility companies, we're requesting a voice for Tier 1 (direct contractor) opportunities for minority-owned business enterprises (MBEs). For our readers and supporters, we are about to change all these, and we want you to stay tune. Small and minority business procurement has a direct and positive economic impact on the communities where corporations do business, as diverse suppliers tend to hire more Black, Latino and other underrepresented employees than their white, male counterparts. The Black Business News wants to help corporations build brand loyalty in our communities of color. With the buying and purchasing power of Blacks estimated at the trillion-dollar mark, it is our responsibility as a publication to show corporations that we as Black people, in particular Black businesses, we have value. This was one of the themes of the 20th anniversary "Million Man March" which is highlighted in this issue. Also, please find the article of Oprah Whitney's investment in Weight Watchers, as well as the profile piece on Proctor & Gamble. Both of these articles deal with not only branding, but also capital to executive corporate strategies. A formidable force in business success is access to capital. In Los Angeles, the Black Business Association (BBA) in partnership with the Business Resource Group, will be hosting the 2015 Financial Lending Pavilion on the 13th of November at the Hawthorne Memorial Center. A high point of this half-day lending pavilion will be the keynote addresses of U.S. Congresswoman Maxine Waters, as well as SBA Los Angeles District Director Victor Parker. Some of the nation's lending financial institutions will be matched with pre-qualified minority companies during this the Match-Making Session, coordinated by the Business Resource Group. For further information, please contact the BBA office at 323-291-9334.
Earl “Skip” Cooper, II
Black Business News Group P.O. Box 43159 Los Angeles, CA 90043 USA 323-291-7819 Fax: 323-298-5064
www.blackbusinessnews.net PUBLISHER/EDITOR-IN-CHIEF Earl “Skip” Cooper, II
ASSOCIATE EDITORS Sarah Harris Dean L. Jones Steven Turner
ENTREPRENEUR EDITOR Kim Anthony
ENTERTAINMENT EDITOR Linda Ware
PRODUCTION MANAGER Narishima Osei
CONTRIBUTING WRITERS Dean Jones Linda Ware Ralph D. Sutton Veronica Hendrix Giavanna Foster LaSandra Stratton
GRAPHIC DESIGN Sarah Harris Phallu Morgan
STORY EDITORS Wanda Flagg Jennifer Marie Hamilton
PHOTOGRAPHY Ian Foxx Sabir Narishima Osei
CONTENT ADMINISTRATOR La Sandra Stratton
LAYOUT/TYPESETTING Lion Communications Copyright © 2015 by Black Business News All Rights Reserved. The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.
ABOUT THE BLACK BUSINESS NEWS GROUP… The mission of The Black Business News is to inspire and inform public and private sector industry representatives on the importance of smart small business growth. As a versatile source of socioeconomic development activity news, the publications of the Black Business News Group impart current local, national and international industry and social trends and news affecting small businesses across the United States of America (USA), providing guides to greater access to financial capital, management efficiencies, business education, mentorship opportunities and social media networks. The goals of the Black Business News Group include: •
promoting USA-based black-owned business enterprises to a world wide audience.
offering business growth enhancing information on education, exhibitioning, international trading, technology, industry trends, and more.
exploring major public and private sec-e tor contracting methods to educate black-owned and operated enterprises..
providing an affirmative influence forr emerging entrepreneurs by sharing innovative design and creative cultural content that exposes them to the history of black enterprises and urges them participate in the USA’s future.
advocating and promoting on behalf of black-owned businesses by promoting the need for expanding an economic foundation that supports an unfettered and self-sustained urban society with USA job creation and economic opportunibl business b i t i where blacks work, live and operate viable enterprises.
2015-2016 Black Business Association Events
Procurement Exchange Summit
Annual Awards Dinner
Salute to Black Women Black Business News Group Publications Black Business News
Black Business News International Black Business News Travel Africa
Black Business News…October 2015 Government 8-----President Obama Defends 'Black Lives Matter' Movement 10----TPP Leveling the playing field for American workers & businesses. 13----USA Trade Online is Now FREE! 20----Spotlight on the 29 Black Women of the White House
78----New Obama Administration Report on “CONVERSION THERAPY” 79----Arizona State University Offers Free MBA
International 85----USTDA Launches Procurement Training in Ethiopia 86----Global Development’s Forum Focuses on Africa’s Private Sector 88----Mauritius Submarine Cable Project 88----Rwanda to Host 'Drone Airport' 89----Drone Journalism in Kenyan 90----Africa International Business Forum Atlanta 91----ShopAfrica53, an SMS-Based Shopping Service for Africa
Entertainment E i 24----BBN Show Biz Buzz
Business 29----NASA is Offering Startups Over 1,000 Patents for 'Free' 30----Corporations are Catering to the Black Consumer 31----HP PUSHes includes Minority Participation in Financial Services Opportunity 32----Million Man March Anniversary 39----HOLIDAY RED ALERT! 41----MBDA Business Centers Grant Opp Now Open 44----Shoe Crazy Wine 62----Oprah Takes 10% Stake in Weight Watchers
CommunityPublic Interest 76----Join the First Lady's Reach Higher
3------Publisher's Message 50----BBN Biz Notes 68----Take a Look! 96----Shopping Gallery 118---Books to Consider... 120---Calendar 122---Resources
BUY BLACK!! THIS HOLIDAY SEASONPAGE 96 AND THROUGHOUT THE
5 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
President Obama Defends 'Black Lives Matter' Movement By Gregory Korte
President Barack Obama speaking to law enforcement officials. (BRENDAN SMIALOWSKI, AFP/Getty Images)
resident Obama told law enforcement officials recently that the Black Lives Matter movement has highlighted a point too long ignored: "There is a specific problem that is happening in the African-American community that is not happening in other communities, and that is a legitimate issue that we've got to address."
"The African-American community is not just making this up. It's not something that's just being politicized. It's real," Obama said. "We as a society, particularly given our history. have to take this seriously." Black Lives Matter, a social media-driven movement borne of a series of police shootings of African-American men and youths,
has provoked a backlash from some police officers and others who have responded with a refrain of "All Lives Matter." But Obama called that discussion a "trap." "I think everybody understands all lives matter. Everybody wants strong, effective law enforcement. Everybody wants their kids to be safe when they're walking to
8 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
school. Nobody wants to see police officers who are doing their job, fairly, hurt. Everybody understands it's a dangerous job," he said. Obama's remarks came at the end of a White House panel moderated
by Bill Keller, the former New York Times editor now overseeing a criminal justice news organization called The Marshall Project. With him on the panel were Los Angeles Police Chief Charlie Beck and U.S. Attorney John Walsh of Colorado for an event attended by other police chiefs and Justice Department officials. But the president also said that the discussion of criminal justice needs to be broader than police and prosecutors. "We can't put the entire onus of the problem on law enforcement," he said. "I think there's been a healthy debate about policecommunity relations, and some of the episodes we've seen across the country. But we as a society, if
we're not investing in opportunities for poorer kids, and then we expect police and and prosecutors to keep them out of sight and out of mind, that's a failed strategy." Obama is in the midst of a national tour to push for an overhaul to the criminal justice system. He spoke about prescription painkillers and heroin abuse Wednesday in Charleston, W.Va., and will speak to the International Association of Chiefs of Police in Chicago soon. www.usatoday.com/story/news/ politics/2015/10/22/speakingpolice-obama-defends-black-livesmatter-movement/74368552/%20 VIDEO: https://policingtheusa. wordpress.com/obama-must-domore
9 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
The Trans-Pacific Partnership Leveling the playing field for American workers & American businesses. From: https://ustr.gov/tpp
What is the TPP? The Trans-Pacific Partnership (TPP) writes the rules for global trade—rules that will help increase Made-in-America exports, grow the American economy, support well-paying American jobs, and strengthen the American middle class. Nations in the partnership are: -Australia -Canada -Japan -Malaysia -Mexico -Peru -United States -Vietnam -Chile -Brunei -Singapore -New Zealand
Made in America TPP will make it easier for American entrepreneurs, farmers, and small business owners to sell Made-In-America products
abroad by eliminating more than 18,000 taxes & other trade barriers on American products across the 11 other countries in the TPP— barriers that put American products at an unfair disadvantage today.
Global Leadership The rules of the road are up for grabs in Asia. If we don't pass this agreement and write those rules, competitors will set weak rules of the road, threatening American jobs and workers while undermining U.S. leadership in Asia.
TPP Bolsters U.S. Leadership TPP is a platform for engagement and growth in the Asia-Pacific Region. It solidifies relationships with our allies and firmly establishes the United States as a leader in the Pacific.
• Upgrading the North American Free Trade Agreement (NAFTA) • Standing Up for Human Rights • Promoting Development • Strengthening Good Governance • Ensuring Fair Competition with State-owned Enterprises • Promoting Digital Trade
TPP Supports U.S. Jobs & Growth TPP levels the playing field for American workers & American businesses, leading to more Madein-America exports and more higher-paying American jobs here at home.
TPP Promotes U.S. Values TPP advances our values, helping to build a global trading system that will allow our workers to effectively compete in the modern economy.
10 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
TPP Will Break Down Barriers to Exporting Faced by Small Businesses
dministrator Maria Contreras-Sweet, head of the U.S. Small Business Administration, issued a statement yesterday on the conclusion of Trans-Pacific Partnership (TPP) negotiations. "The United States completed negotiations with the 11 other members of the Trans-Pacific Partnership (TPP). This 21st century agreement will strengthen America's position in the global economy and enhance the ability of
President Obama in TPP Meeting with national leaders.
President Obama in TPP Meeting with national leaders.
America's small businesses to reach customers in the Asia-Pacific region with their Made-in-America goods. TPP is the first trade deal to ensure small businesses stand to gain from global trade by dedicating a chapter specifically to breaking down the barriers to exporting faced by small businesses. The U.S Small Business Administration is committed to opening doors to global markets for our small and
growing businesses." View Online: https://www.sba. gov/content/statement-sbaadministrator-tpp-agreement
11 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Thanks, President Obama
he Obama Administration's announcement about increasing the ceiling of overall refugee admissions for FY2016 to 85,000 is a move in the right direction! United African Organization (http://uniteafricans.org) and other refugee advocates have been pushing for such an increase to welcome more refugees fleeing from war-torn countries. We are pleased to note the increase in the regional ceiling for
refugee admissions from Africa. The continent is home to a third of the world's refugee population. The United States of America has been a source of hope for African refugees in search of durable solutions to forced displacement and exile from home countries. For nearly a decade now, the number of overall refugee admissions has not reflected a fair inclusion of African refugees. The FY2016 Presidential Determination, which sets the regional ceiling for Africa at
29.4% of the total ceiling, is a clear demonstration of US commitment to a more equitable and inclusive refugee resettlement through the US Refugee Admissions Program. We thank President Obama for his leadership and support to ensure that African refugee resettlement remains a top priority for the US Refugee Admissions Program! ď ƒ
USA Trade Online is Now FREE! By Henock Kebede, International Trade Macro Analysis Branch Survey Statistician
eginning Oct. 15, the newly redesigned USA Trade Online (https://usatrade. census.gov) became free for all users to access. In addition, current users will find many new data fields and functions. The change will make this Census Bureau-provided data tool an even more powerful instrument for accessing and viewing U.S. international trade data. In honor of the second World Statistics Day, now is the time to explore the rich variety of statistics available in USA Trade Online and learn how they support this year’s World Statistics Day theme of “Better Data. Better Lives”.
How does this affect my existing account? If you currently have an active individual account that expires after Oct. 15, then the transition will be transparent to you and your access will continue uninterrupted. Any USA Trade Online account with an annual subscription expiring after Oct. 15 will receive a refund for any remaining balance. Because USA Trade Online will be free to access, multi-user site license holders will need to make the following changes: • Accounts: Create a single individual account to share among your users, or each person in your organization may create their own account. Stay tuned for further instructions by visiting the USA Trade Online website. • Saved reports: Any saved reports on a site license account will be transitioned to the new individual account.
We are excited about being able to provide all international trade data without cost. Please be sure to visit the USA Trade Online website frequently for updates and news about this transition. You
can also contact us at 1-800-5490595, option #4, if you have any questions. http://globalreach.blogs.census. gov/2015/10/20/usa-trade-onlineis-now-free
13 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Economic Benefits of the Bipartisan Budget Agreement in the Short Term and the Long Term By Jason Furman, Chairman of the Council of Economic Advisers
he two-year bipartisan budget a g r e e m e n t announced recently is a major step forward for our economy. As our strong domestic economic momentum continues to face headwinds from slowing growth abroad, it is critical to avoid the self-inflicted wounds of past episodes of fiscal brinksmanship. Instead this agreement strengthens both short- and longrun growth, setting the stage for more, higher-paid jobs. Today’s budget agreement includes $80 billion in sequester cap relief over the next two years, plus $31 billion in additional funding. The agreement is frontloaded, with $50 billion of that sequester cap relief and roughly $16 billion of additional funding coming this fiscal year, constituting nearly 90% of the discretionary sequester relief for 2016 proposed in the President’s Budget (www. The whitehouse.gov/omb/budget). sequester relief is paid for over ten years by a mix of spending reforms, stronger tax compliance measures for large partnerships like hedge funds and private equity firms, and other measures. In addition, the bill would provide up-front premium relief in Medicare Part B paid for over several years, avoiding a roughly 50% increase in Part B
THREE MAJOR ECONOMIC IMPACTS OF TODAY’S BUDGET AGREEMENT 1. The direct effect of the agreement will result in an estimated 340,000 additional jobs in 2016 and a total of 500,000 job-years added in 2016 and 2017, based on analysis of recent estimates from the Congressional Budget Office (CBO). Under this agreement, federal budget authority will rise by $111 billion over the next two years, directly boosting output and supporting aggregate demand. Although the economic recovery has made substantial progress, there is still some slack, and as a result analysts including CBO estimate that avoiding unnecessary austerity will result in a faster pace of job creation and GDP growth. Analysis based on CBO’s recent estimates released in August suggests that the sequester relief in this
agreement will add an expected 340,000 jobs and increase the size of our economy by 0.3% in 2016. Over the next two years, these estimates suggest that the sequester relief in this agreement would add 500,000 job-years in total. These estimates are based on an analysis of CBO’s prior estimates of the economic impact of full relief from the sequester in 2016 and 2017, assuming a constant ratio of economic impact to sequester relief in a given calendar year. They include the effects of the agreement relative to current law, which would raise discretionary outlays by about 0.2% of GDP in each of the next two years. The estimates omit any aggregate demand effect of avoiding the Medicare Part B premium hike and potential mandatory and revenue offsets. 2. The indirect effect of
14 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
increased certainty and confidence could further boost job creation and economic growth above the estimates based only on the direct effect. By raising the debt limit, ensuring that the Social Security Disability Insurance program provides full benefits to workers, and putting Congress in position to complete a budget, this legislation will continue our domestic momentum and reduce the recent policy uncertainty that threatened to weigh on economic growth. Several years ago, when Congress forced fiscal crisis after fiscal crisis, the costs to our economy were clear. Consumer and business confidence fell to record
lows, and fiscal policy uncertainty cost 900,000 jobs, according to a Macroeconomic Advisers estimate. Conversely, the turn away from manufactured crises since 2013 helped contribute to accelerating job growth and a stronger recovery, and this agreement will extend that positive trend. 3. The legislation also makes possible greater investment in measures to increase our long-run growth and bolster middle-class incomes. The lower pace of global productivity and investment growth across the developed world is one of the most important challenges economic policymakers face in the post-crisis era. Our private sector is
fulfilling its end of the bargain, with private investment in research and development growing at the fastest pace since 2007, while public R&D investment has declined as a share of the economy. This agreement will help bring public investment back to the table, facilitating investments in productivity-enhancing areas like education (including important investments in pre-school, K-12 education, and job training) and public R&D. Productivity is one of the key drivers of middle-class incomes, and it is critical to target public investments that promote persistent growth (www.whitehouse. gov/sites/default/files/docs/2015_erp_ chapter_1.pdf).
15 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
THE WHITE HOUSE PRESIDENTIAL PROCLAMATION MINORITY ENTERPRISE DEVELOPMENT WEEK, 2015 America is at its best when all our people have the tools and resources they need to pursue their dreams and meet their full potential. Entrepreneurs help spur innovation and prosperity, and ensuring that minority-owned businesses remain strong and vibrant is vital to driving our Nation's progress. During Minority Enterprise Development Week, we recognize the crucial role they play in our economy, and we recommit to upholding one of our founding ideals: that all people -- regardless of what they look like or where they come from -- can reach for their piece of the American dream and contribute to our country's success. Minority-owned firms comprise over one-fifth of our Nation's businesses and add $1 trillion in output to our economy each year. My Administration is committed to supporting these engines of growth, which is why we have cut taxes 18 times for America's small businesses -- of which roughly 15 percent are minority-owned. Many minority enterprises also depend on exports as an important source of revenue, and I am pursuing a trade agenda that will allow our businesses to be at the center of today's global economy -- further enabling them to expand their horizons while strengthening our middle class. And in an effort to equip the business community with the most relevant information needed to navigate bureaucracy, we launched www.Business.USA.gov, where firms can find services to help them hire more people and grow their enterprise. For over two centuries, America has advanced thanks to the grit and inherent ingenuity of our people. Throughout Minority Enterprise Development Week, let us rededicate ourselves to continuing this legacy by empowering all our citizens to utilize their unique talents and abilities and by working to ensure our minority-owned enterprises have every chance to flourish and succeed. NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim October 18 through October 24, 2015, as Minority Enterprise Development Week. I call upon all Americans to celebrate this week with appropriate programs, ceremonies, and activities to recognize the many contributions of our Nation's minority enterprises. IN WITNESS WHEREOF, I have hereunto set my hand this fifteenth day of October, in the year of our Lord two thousand fifteen, and of the Independence of the United States of America the two hundred and fortieth.
MBDA 2015 National MED Week Award Winners
he U.S. Department of Commerce Minority Business Development Agency (MBDA) announced the 2015 National Minority Enterprise Development (MED) Week Award winners – 14 organizations, businesses, and individuals who demonstrate leadership and commitment in advancing the minority business community. For more than 30 years, MBDA has led the MED Week Celebration. This year, MBDA is honored to continue the MED Week tradition in partnership with the National Minority Supplier Development Council, Inc. (NMSDC). The awards are designed to celebrate and recognize outstanding achievements of minority entrepreneurs based on the challenges the business has overcome, total revenue, jobs created and the economic impact the business has had on their community. MBDA also recognizes individuals and organizations that have demonstrated leadership and commitment to the advancement of the minority business community. The following are the 2015 National Minority Enterprise Development Award winners: Abe Venable Legacy Award for Lifetime Achievement is presented to Ms. Della Clark, President of The Enterprise Center for more than 25 years of continuously expanding a portfolio of programs centered on economic development and business acceleration for minorities and disadvantaged urban communities. Ronald H. Brown Leadership Award is being presented to The Honorable John Lewis, U.S. Representative for the 5th Congressional District of Georgia.
Champions of Minority Business Development: Advocate of the Year Award is being presented to Mr. Jimmy Ferguson, Owner and Operator of J-C's McDs, LTD. Distinguished Supplier Diversity Award is
presented to Ms. Monetta Stephens, Manager of Supplier Diversity, Toyota Motor Sales, USA, Inc. Access to Capital Award is being presented to Mr. Rodney S. Sampson, Founder/CEO of Opportunity Hub, Kingonomics, and the Legacy Opportunity Fund.
Minority-Owned Firms: Minority Construction Firm of the Year is Weeminuche Construction - Ute Mountain Ute Tribe. Minority Export Firm of the Year is Shine Electronics Co., Inc. Minority Manufacturing Firm of the Year is Production Products Manufacturing and Sales Co, Inc. Minority Energy Firm of the Year is FCI Management. Minority Technology Firm of the Year is CrossComm, Inc. Minority Health Products and Services Firm of the Year is Nurses Etc. Minority Marketing and Communications Firm of the Year is Burrell Communication Group. Minority Professional Services Firm of the Year is Acro Service Corporation. Minority Business Enterprise of the Year is Ideal Systems Solutions, Inc. About the Minority Business Development Agency (MBDA)MBDA, www.mbda.gov, is the only Federal agency solely dedicated to the growth and global competitiveness of U.S. minority-owned businesses. Our programs and services better equip minority-owned firms to create jobs, build scale and capacity, increase revenues and expand regionally, nationally and internationally. Services are provided through a network of MBDA Business Centers. After 45 years of service, MBDA continues to be a dedicated strategic partner to all U.S. minority-owned businesses, committed to providing programs and services that provide greater access to capital, contracts and markets. Follow us on Twitter @usmbda About the National Minority Enterprise Development Week (MED Week). Since 1983, every president has issued a Presidential Proclamation designating a National Minority Enterprise Development Week to recognize the contributions of the minority business community to the U.S. economy. For more than 30 years, MBDA has led the National MED Week program to convene business leaders, honor outstanding MBEs and advocates, promote business opportunities, and report industry trends.
17 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
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Essence Magazine Spotlights the 29 Black Women of the White House By Keyauna Chantel
First Lady Michelle Obama
araji P. Henson isn’t the only black woman serving power in November 2015’s issue of Essence. Next month’s issue of the magazine also features 29 incredible black women who contribute to the success of President Obama, First Lady Michelle Obama and the Obama administration. The ladies who gathered for a photo shoot in the Eisenhower Executive Office Building include young staffers 23 year old Jordan Metoyer, Assistant to the Deputy Director and Senior Advisor to the Office of Management & Budget Director, 27 year old Desiree Barnes, Press Assistant and Senior Wrangler and 27 year old Chynna Clayton, Michelle Obama’s Special Assistant and Trip Director. They all share a
common trait, says Clayton, “The White House is composed of people who are passionate about the country.” Check out the complete list of these 29 remarkable women on the Chattertainment website. http://chattertainment.com/ essence-magazine-spotlightsthe-29-black-women-of-the-whitehouse http://kinkycurlycoilyme.com/29black-women-of-the-white-houseyou-have-to-see-how-many-havenatural-hair http://yourblackworld. net/2015/10/16/essence-magazineto-feature-29-african-americanwomen-of-the-white-house www.makers.com/blog/womenwhite-house-success-secrets
20 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Let Us Help You Grow Your Business to New Heights. To take your business to the next level, itâ€™s essential that you choose the right financial partner. At East West Bank, we offer all the products and services you expect from a big bank with the high level of personal attention you expect from a local bank. Our bankers have over 40 years of experience helping minority businesses reach their financial goals. We look forward to working closely with you to customize a financial solution tailored to your unique situation. For more information about East West Bank and our solutions for businesses, please call: 1.626.768.6729 www.eastwestbank.com
Equal Housing Lender
Use Your Senses to Spot a Gas Leak To help keep your community safe and secure, use your senses of sight, hearing or smell to alert you to any of the following signs of a natural gas leak. LOOK
WHAT TO DO IF YOU SUSPECT A GAS LEAK • Remain calm • Don’t light a match, candle or cigarette • Don’t turn electrical appliances or lights on or off or use any device that could cause a spark • Natural gas leaking from a plastic pipe can create static electricity which can ignite the gas • Immediately evacuate the area, and from a safe location, call 800-427-2200, 24 hours a day, seven days a week; or call 911
© 2014 Southern California Gas Company. All rights reserved.
• A damaged connection to a gas appliance • Dirt or water being blown in the air • Dead or dying vegetation (in an otherwise moist area) over or near gas pipeline areas • A ﬁre or explosion near a pipeline • Exposed pipeline after an earthquake, ﬁre, ﬂood or other disaster
LISTEN • An unusual sound, such as a hissing, whistling or roaring sound near a gas line or appliance
SMELL • The distinctive odor* of natural gas *Some people may not be able to smell the odor because they have a diminished sense of smell, olfactory fatigue (normal, temporary inability to distinguish an odor after prolonged exposure to it) or because the odor is being masked or hidden by other odors that are present, such as cooking, damp, musty or chemical odors. In addition, certain conditions in pipe and soil can cause odor fade – the loss of odorant so that it is not detectable by smell.
BBN Show Biz Buzz By Linda Ware
HBO Orders Comedy Show Starring Issa Rae
nsecure, the YouTube star's comedy pilot, has been picked up to series at the pay cabler. The halfhour comedy starring Issa Rae examines the friendship of two modern-day AfricanAmerican women and their uncomfortable experiences and racy Issa tribulations. Rae and Rae Larry Wilmore cocreated the project and they wrote the pilot t o g e t h e r. She will coexecutive produce, while he will serve as a consultant. Yvonne Orji Wilmore is now behind the desk on Comedy Central's The Nightly Show. Also in the cast are: Yvonne Orji and Jay Ellis. Rae is known for her award-winning web series, The Misadventures of Awkward Black Girl, which has helped her amass 200,000 subscribers and 20 million views on YouTube.
Nferno Procuctions Film "Zodiac Sign"
eady for release in October from Nferno Productions, Zodiac Sign follows beautiful elementary school principal, Diana Malone (Caryn Ward Ross), a childless divorcee going five years strong without a man in her life. Diana is the only unwed woman left in her crew, and her best friends, Victoria (Tammy Townsend) and Tasha (Tanjareen Thomas), are determined to help her change that. The women consult the laws of the zodiac to find bachelors whose astrological signs are most compatible with Diana’s complicated Capricorn. Diana agrees to date a few men from the zodiac-approved dating pool, and soon discovers that nothing is as it seems on her quest to find Mr. Right Sign..
24 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Morgan Freeman Hosts "The Story Of God"
olden Globe a n d A c a d e m y Award-winning actor Morgan Freeman is the host and one of the executive producers of the global series, "The Story of God", a National Geographic production. The series is scheduled to be aired in 2016. The star once described the series as a "passion project for us for many years." The production is filming in Egypt now, Egypt's Tourism Minister Hisham Zaazou is due to meet the American movie star at the site of the Giza pyramids and the Sphinx to "support" and "promote" cultural tourism, the ministry said. Freeman's agenda in Egypt includes a Nile cruise and a visit to Luxor, which hosts the Valley of Kings and is home to the ruins of Ancient Egyptian temples and monuments which constitute one third of global antiquities.
stars Wesley Snipes as the pit boss Mr. Johnson for a high-stakes game, where an organization of wealthy individuals gamble on the ability of former military operative turned security expert Philip Winchester ("Strike Back," "Fringe") to stop some of the biggest crimes imaginable from playing out.
Lionel Ritchie Performs in South Africa in 2016
rammy Award-winning star Lionel Richie is set to perform in the country with his All The Hits All Night Long tour in March 2016. He will perform at five shows in four cities - Durban, Port Elizabeth, Cape Town and Johannesburg. Lionel Richie has sold over 100 million albums
worldwide and has had enormous success as a solo artist and as lead vocalist with the Commodores. He is well-known for his hit songs, All Night Long (All Night), Penny Lover, Stuck On You and Hello. see page 26
Wesley Snipes is "Mr. Johnson" on "The Player"
est known for his action role as a vampire slayer in the "Blade" films, actor Wesley Snipes is now moving from big screen to small in the new drama "The Player." He calls the new role a "tasty" acting challenge because he gets to do accents and wear disguises. From the executive producers of "The Blacklist," the action-packed Las Vegas-set thriller The Player. The series which airs on Thursday eventins on NBC, co-
Wesley Snipes as Mr. Johnson
25 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
BBN Show Biz Buzz His tour has sold out across the globe in Europe, Australia, New Zealand, Asia, United States and the Middle East. http://allafrica.com/stories/201510201206. html
Lupita Nyong'o Day Declared in Harlem
ew York Congressman Charles Rangel and Harlem Arts Alliance Chairman Voza Rivers named October 20th Lupita Nyong'o Day in Harlem, N.Y. The Oscar winner, who is currently starring in Eclipsed at the Public Theater, was present at the ceremony, which took place at a local restaurant. "My heart is swollen with the love and welcome I just received from the Harlem community," Nyong'o wrote on Instagram after the ceremony. So why Nyong'o? Rivers told HuffPost that the actress embodies both the African and American spirits of Harlem and that her influence on Black communities everywhere is commendable. "Harlem is a place where many Black artists who speak to the world through their art came from," aspiring actor Michael Oloyede told HuffPost. "I couldn't think of a better
place where Lupita Nyong'o Day in New York City was proclaimed." www.essence.com/2015/10/22/lupitanyongo-day-harlem-october-20
Usher Remembers Trayvon Martin and Other Victims of Racial Injustice in New Interactive Video
sher has released a new video that's more of an interactive visual experience than your average music video. "Chains," which is available to watch exclusively on TIDAL, begins
America today. Usher sings, "I've had enough running…we're running from chains…don't act like you're saving us." Usher will perform Chains for the first time at the TIDAL X 1020 Amplified by HTC concert (www. essence.com/2015/10/01/beyonceprince-jay-z-headline-tidal-charityconcert) in New York City. Proceeds
from the concert will benefit groups that promote social change. Families of the victims from the video will be flown in for the performance. Usher will donate proceeds to a Donor Advised Fund administered by Harry Belafonte's social justice organization, Sankofa.org. www.essence.com/2015/10/15/usherchains-police-brutality-face-recognitiontrayvon-martin
Misty Copeland to Produce New Dance Drama Series on Fox
with an eerie, solemn instrumental. You are instructed to set up your camera; it's about to be an immersive experience. Once your camera is set up, you are advised, "Don't look away." If you look away or even turn your head slightly, the video will stop. It only operates through facial recognition. Watch it at http://chains. tidal.com. The song, featuring Nas and Bibi Bourelli, tackles the experience of what it is like to be Black in
26 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
isty Copeland, the first Black Principal Ballerina at the American Ballet Theater, is set to produce a dance drama for Fox. With the help of writer Tracy Oliver, the drama will follow a young, hip and diverse group of aspiring dancers as they compete for places in a top ballet company, reports Deadline. Oliver and Copeland will executive produce the show. http://www.essence.com/2015/10/21/mistycopeland-produce-new-dance-dramaseries-fox
Obamas Celebrate 23rd Wedding Anniversary
resident Barack Obama and First Lady Michelle Obama, who were married October 3rd, 1992 at Trinity Church in Chicago, celebrated
their anniversary Saturday. First lady Michelle Obama says that in her years with the President she's learned to choose her battles. "What I've come to find is, you don't sweat the small stuff," she told Ellen DeGeneres in March. "The journey that we've taken together, the fun we've had, the challenges we've faced, the two beautiful children that we're raising -- I kind of give him a pass now when he leaves his socks on the floor or tells that story for the one hundredth time and wants us to laugh at it as if we first heard it." So sweet!
Happy Anniversary to the first couple! www.essence.com/2015/10/04/happyanniversary-president-obama-and-firstlady-michelle-obama-celebrate-23-years
Quote of Note “Thirty years ago, there were 500,000 people behind bars in America. Today, there are 2.2 million. The United States is home to 5 percent of the world’s population, but 25 percent of the world’s prisoners. Every year, we spend $80 billion to keep people locked up.”
27 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
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From Robotics to Analytics, Why NASA is Offering Startups Over 1,000 Patents for 'Free' By Liam Tung
services," NASA chief technologist David Miller said in a statement. NASA has outlined what appear to be fairly reasonable rules. For example, applicants must intend to commercialize NASA's technology, and once the company starts selling a product they'll need to pay a standard net royalty fee to NASA. "This money goes first to the inventor and then to maintaining the agency's technology transfer activities and technology advancement," NASA notes. Also, NASA is only offering non-exclusive licenses, so the technology can be used by any firm for commercial purposes, though NASA said it is willing to consider exclusivity if the startup wishes to negotiate. NASA's program follows the launch of Google's patent giveaway (www.zdnet.com/article/ program google-holds-patent-giveaway-forstartups-to-ward-off-trolls), in which
S space agency NASA is offering startups a license to 15 categories of patented NASA technologies for free. The move follows Google's offer earlier this year of 'free' patents to select startups - and it could be just as valuable given the 1,200 patented technologies available for license under NASA's new Technology Transfer Program (http://technology.
NASA hopes the program will make life easier for cash-strapped startups short on intellectual property, which would effectively be repurposing NASA's existing patents for new commercial products or services. The program is aimed at American
startups and offers access to patents covering everything from electronics, communications, and software, to materials, coatings, sensors, and aeronautics technology. The agency has also launched a new searchable database to help developers discover relevant patents. Examples of software patents available include its aeronautics collision avoidance software, or its Real-Time Sonic Boom Display or its system for clock synchronization in distributed systems. "The Startup NASA initiative leverages the results of our cuttingedge research and development so entrepreneurs can take that research - and some risks - to create new products and new
it offered startups free access to two patent families on the condition they join the anti-patent troll LOT Network. The LOT Network aims to reduce the risk of patents falling in the hands of a 'patent assertion entity' (PAE) by ensuring that if one member sells a patent to a PAE, all other LOT members automatically gain a license to that patent. The same happens if a LOT member is acquired by a PAE or becomes a PAE itself. For NASA's patents, the agency said it and others have already vetted the technology available to startups for technical and commercial viability. Startups may also gain access to NASA's technical personal and facilities. www.zdnet.com/article/from-roboticsto-analytics-why-nasa-is-offeringstartups-over-1000-patents-forfree/?tag=nl.e232&s_cid=e232&ttag=e 232&ftag=TRE6a12a91
29 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Why Procter & Gamble, McDonald’s & Ford are Catering to the Black Consumer By Linda Bell
eorge Jefferson from the 1970’s sitcom “The Jeffersons” would be proud – more Black Americans are “movin’ on up” and “getting a piece of the pie.” Nielsen says the size and influence of the Black population is growing faster than non-Hispanic Whites across all income segments above $60,000. The largest jump occurred in the number of households earning over $200,000, with an increase of 138%. Black Americans are not only seeing gains in income, but also education. Nielsen says the percentage of Black high school graduates enrolled in college jumped last year to 70.9%, exceeding that of Whites and Hispanics. The population is young and growing in numbers, with almost a third under 18 and moving into their prime earning years Andrew McCaskill, Senior Vice President of Global Communications at Nielsen, says his organization decided to take a long overdue and overlooked story on the economics of Blacks in this country. “We hope these findings serve as a road map for businesses interested in using the insights to build and sustain deeper, more meaningful and authentic connections with African-American consumers. And businesses would be wise to do so as this segment’s purchasing power and influence on the mainstream continues to grow. “ he said. There's a lot of money at stake here. Nielsen estimates the buying power of African-Americans will reach $1.3 trillion by 2017. This
makes the importance of businesses connecting with Black consumers critical. "As all the data suggests, the demographics of America are changing," says Monique Nelson, Chair and CEO at UWG; a multicultural advertising agency. “However, there are still a significant amount of companies who are not tapping into this segment as an influential group of consumers." Nelson says access to education and opportunity are the key to increasing socio-economic status across all communities. She says that's why it's important for companies to focus on programs that empower consumers. Nelson calls it a "balance between "community and commerce." McDonald's (MCD), Procter and Gamble (PG) and Ford (F) are among the companies that are reaching out to the Black population with “community and commerce.” “We engage in multicultural marketing because we understand our consumers’ desire to be engaged in ways that are relevant and meaningful to them,” says Kristen J. Wells, Manager, Brand PR & Reputation at McDonald's USA. McDonald’s has created a platform dubbed “365Black;” which celebrates the pride, heritage and achievements of African-Americans throughout the year with Twitter (TWTR) campaigns, scholarships and partnerships on events such as the Essence Festival. Ford is also a sponsor of the Essence Festival and has been since 2010. The automaker collaborates on community
events such as the celebrity Steve Harvey Mentorship weekend and supports historically Black colleges through scholarships and community challenges. “The AfricanAmerican consumer is an integral and influential part of the consumer dynamic,” says Shawn Thompson, manager, Ford Multicultural Marketing. “Ford knows and understands firsthand the positive impact of culturally relevant and authentic partnerships.” My Black is Beautiful is a community-building program created almost a decade ago at Procter & Gamble to spark a broader dialogue about Black beauty. “One of our recent successful initiatives is the Imagine a Future program, which launched in 2012 in collaboration with the United Negro College Fund and Black Girls Rock!, to empower young women to imagine a future where every black girl believes her black is beautiful,” says Laura Brinker, Communications
…the buying power of Afric anAmericans wil l reach $1.3 trilli on by 2017. Manager at Procter & Gamble. Nielsen's Andrew McCaskill says it is important for broadcasters, marketers and politicians and everyone with a stake in audience measurement, behavior and consumption to take note of the power of the Black consumer. www.foxbusiness.com/industries/2015/10/12/ why-procter-gamble-mcdonalds-ford-arechasing-black-consumer
30 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
HP PUSHes forward with Minority Participation in Financial Services Opportunity
ecently, Hewlett Packard launched a $15 Billion debt offering, the sixth largest bond offering of the year. Most significantly, five minority firms participated in the debt offering: Blaylock Beal; MFR Securities; Loop Capital; Ramirez and Co., and Williams Capital. Rev. Jesse Jackson said, “These firms were founded decades ago by minority entrepreneurs. Their success was built with sharp minds, hard work which earned them strategic key relationships with institutions.” Rainbow PUSH Coalition’s PUSHTech2020 initiative has fueled minority participation in corporate debt offerings of tech companies. Following Rev. Jackson’s appearance at the HP shareholder meeting in March of 2014, PUSHTech2020 convened several networking events with minority firms and HP, and opened up new avenues of access and opportunity. Rev. Jackson, “HP leaders responded positively and proactively. They took the time to meet with and learn the value that minority firms could bring to the marketplace, and HP built a winwin formula. They embraced the premise that “there is no talent deficit, there’s an opportunity
deficit. They are to be commended.” Why is minority participation in HP’s debt offering so significant? Rainbow PUSH’s research of 45 debt offerings issued by tech firms (Ebay, HP, Oracle, Apple, Google) from 2010-13, minority firms were included in just five. HP had conducted twenty offerings during this period. To its credit, Microsoft included minority firms in all 14 of its debt offerings!) Since the PUSHTech2020 latest “push” begun 18 months ago, the tide is turning: • Apple has included minorityowned firms in its two debt offerings conducted this year; • Microsoft had four minority firms in its February $11 Billion debt offering; • Qualcomm included three minority firms in their $10M debt offering in May; • Intel followed suit by involving minority firms in its $7Billion offering in July. • Etsy included minority owned investment banks in its recent IPO. In prior years, minority investment banking firms participated in the IPO’s of both Google and Facebook, and sights are set on ensuring minority inclusion in the projected IPO’s of Square, Uber,
and other “unicorns” that are on the horizon. HP also recently announced the appointment of two African Americans to each (four total) of the Boards of the two new companies (HP-E and Hewlett Packard). HP is taking concrete, measurable action to make diversity and inclusion bedrock of the company. That’s good news, and just last week, Apple appointed an African American, James Bell, to its Board of Directors. Prior to 2014, Rainbow PUSH research showed that there were just 3 African Americans out of 189 total Board members of 20 tech companies. Since its PUSH, eight (8) African Americans now sit on tech boards. That’s real progress and change.” Rev. Jackson: “Diversity and inclusion is not limited to the workforce. There is also an access to capital, “business dimension”– supplier diversity and procurement opportunities, access to capital for minority start-ups and companies, and inclusion of minority financial services firms in debt offerings, IPO’s and other transactions. PUSHTech2020 is changing the flow of the river. We hope that other Silicon Valley technology companies will follow open up new business opportunities for minority firms. It’s good business; when there is inclusion, there is growth and when there is growth, everybody wins.” www.rainbowpush.org
31 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Spirit of Family Reunion Marks Million Man March Anniversary By Jesse J. Holland
lack men and women joyously returned to the National Mall on Saturday for the 20th anniversary of the Million Man March, calling for changes in policing and in black communities amid an atmosphere almost like a family reunion. Waving flags, carrying signs and listening to speeches and songs, people mingled as they wove their way through security barricades and around loudspeakers and souvenir vendors at the U.S. Capitol and down the Mall on a sunny, breezy day. For some, it was a return to Washington after the Million Man March on Oct. 16, 1995, and a chance to expose their children to the same positive experience the first march represented to them. "This is a very special moment for me. Twenty years ago, I was by myself," said Joey Davis, 47, of Detroit, who was setting up chairs for his family near the Capitol's reflecting pool. "And 20 years later, I come back with my wife and five children. And so I like to think that over the last 20 years I've been doing my part in keeping the promise of the spirit of the original Million Man March." Nation of Islam leader Louis Farrakhan, who spearheaded the original march, called the anniversary gathering the "Justice or Else" march. Farrakhan called
for more responsibility in the black community for inner-city killings and for the government to investigate recent high-profile killings of unarmed African-American men and women. "There must come a time when we say enough is enough," the 82-year-old Farrakhan said. Attention has been focused on the deaths of unarmed black men since the shootings of 17-year-old Trayvon Martin in 2012 in Florida and 18-year-old Michael Brown in 2014 in Ferguson, Missouri. Deaths of unarmed black males at the hands of law enforcement officers have inspired protests under the "Black Lives Matter" moniker around the country. Members of their families and the family of Sandra Bland, an AfricanAmerican woman found hanged in a Texas jail after a traffic stop, spoke from the main stage. The original march brought hundreds of thousands to Washington to pledge to improve their lives, their families and their communities.
Women, whites and other minorities were not invited to the original march, but organizers welcomed all on Saturday. President Barack Obama, who attended the first Million Man March, was in California on Saturday. Saturday's march brought out young and old, including some veterans of the 1963 March on Washington. Nate Smith of Oakland, California, who was on the Mall for Martin Luther King's "I Have A Dream" speech and the 1995 Million Man March, returned once again for Saturday's proceedings. "It's something that I need to do," the 70-year-old man said. "It's like a pilgrimage for me, and something I think all black people need to do." Rev. Jamal Bryant of the Empowerment Temple AME Church in Baltimore, who helped organize the anniversary march, estimated there were almost 1 million attendees Saturday. Farrakhan refused to guess how many people filled the Mall from the Capitol to the Lincoln Memorial.
32 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Welcome to More.
Open the door to a hotel you don’t just visit. You own it. www.maguzz.com Life has improved in some ways for African-American men since the original march, but not in others. For example: • The unemployment rate for African-American men in October 1995 was 8.1%, according to the Bureau of Labor Statistics. In September 2015 it was 8.9%. • In 1995, 73.4% of AfricanAmerican men had high school degrees. In 2004, 84.3% did, according to the Census Bureau. • Law enforcement agencies made 3.5 million arrests of blacks in 1994, which was 30.9% of all arrests, the FBI said. (By comparison, they made 7.6 million arrests of whites that year, which was 66% of all arrests.) By 2013, the latest available data, African-American arrests had decreased to 2.5 million, 28% of all arrests.
Choice Hotels® is committed to achieving more diversity in hospitality with exclusive incentive programs designed to reduce up front costs and provide more support to minority hotel developers. And our commitment doesn’t stop there. Choice Hotels promotes and pursues diversity at all levels, ranging from our workforce to our hotel guests, from our suppliers to entrepreneurs looking to create wealth. Like you. Open the door to hotel ownership opportunities with Choice Hotels. Because you’re not in business for less. You’re in it for more. www.choicehotelsdevelopment.com/#&panel1-2
33 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Faison Wealth & Retirement Regina Faison Wealth Manager/Registered Principal 3070 Bristol Street Suite 500 949-200-8212 714-329-7184 firstname.lastname@example.org www.faisonwealth.com
Protecting Your Loved Ones with Life Insurance How much life insurance do you need? Your life insurance needs will depend on a number of factors, including the size of your family, the nature of your financial obligations, your career stage, and your goals. For example, when you're young, you may not have a great need for life insurance. However, as you take on more responsibilities and your family grows, your need for life insurance increases. Your life insurance needs will depend on a number of factors, including whether you're married, the size of your family, the nature of your financial obligations, your career stage, and your goals.
Here are some questions that can help you start thinking about the amount of life insurance you need: • What immediate financial expenses (e.g., debt repayment, funeral expenses) would your family face upon your death? • How much of your salary is devoted to current expenses and future needs? • How long would your dependents need support if you were to die tomorrow? • How much money would you want to leave for special situations upon your death, such as funding your children's education, gifts to charities, or an inheritance for your children? • What other assets or insurance policies do you have?
Types of life insurance policies The two basic types of life insurance are term life and permanent (cash value) life. Term policies provide life insurance protection for a specific period of time. If you die during the coverage period, your beneficiary receives the policy's death benefit. If you live to the end of the term, the policy simply terminates, unless it automatically renews for a new period. Term policies are typically available for periods of 1 to 30 years and may, in some cases, be renewed until you reach age 95. With guaranteed level term insurance, a popular type, both the premium and the amount of coverage remain level for a specific period of time. Permanent insurance policies offer protection for your entire life, regardless of your health, provided you pay
the premium to keep the policy in force. As you pay your premiums, a portion of each payment is placed in the cash-value account. During the early years of the policy, the cash-value contribution is a large portion of each premium payment. As you get older, and the true cost of your insurance increases, the portion of your premium payment devoted to the cash value decreases. The cash value continues to grow--tax deferred--as long as the policy is in force. You can borrow against the cash value, but unpaid policy loans will reduce the death benefit that your beneficiary will receive. If you surrender the policy before you die (i.e., cancel your coverage), you'll be entitled to receive the cash value, minus any loans and surrender charges. Many different types of cash-value life insurance are available, including: • Whole life: You generally make level (equal) premium payments for life. The death benefit and cash value are predetermined and guaranteed (subject to the claims-paying ability of the issuing insurance company). Your only action after purchase of the policy is to pay the fixed premium. • Universal life: You may pay premiums at any time, in any amount (subject to certain limits), as long as the policy expenses and the cost of insurance coverage are met. The amount of insurance coverage can be changed, and the cash value will grow at a declared interest rate, which may vary over time. • Indexed universal life: This is a form of universal life insurance with excess interest credited to cash values. But unlike universal life insurance, the amount of interest credited is tied to the performance of an equity index, such as the S&P 500. • Variable life: As with whole life, you pay a level premium for life. However, the death benefit and cash value fluctuate depending on the performance of investments in what are known as subaccounts. A subaccount is a pool of investor September 18, 2015 Page 1 of 2, see disclaimer on final page
34 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
A note about variable life and variable universal life insurance Variable life and variable universal life insurance policies are offered by prospectus, which you can obtain from your financial professional or the insurance company. The prospectus contains detailed information about investment objectives, risks, charges, and expenses. You should read the prospectus and consider this information carefully before purchasing a variable life or variable universal life insurance policy.
funds professionally managed to pursue a stated investment objective. You select the subaccounts in which the cash value should be invested. • Variable universal life: A combination of universal and variable life. You may pay premiums at any time, in any amount (subject to limits), as long as policy expenses and the cost of insurance coverage are met. The amount of insurance coverage can be changed, and the cash value goes up or down based on the performance of investments in the subaccounts. With so many types of life insurance available, you're sure to find a policy that meets your needs and your budget.
Choosing and changing your beneficiaries When you purchase life insurance, you must name a primary beneficiary to receive the proceeds of your insurance policy. Your beneficiary may be a person, corporation, or other legal entity. You may name multiple beneficiaries and specify what percentage of the net death benefit each is to receive. If you name your minor child as a beneficiary, you should also designate an adult as the child's guardian in your will.
What type of insurance is right for you? Before deciding whether to buy term or permanent life insurance, consider the policy cost and potential savings that may be available. Also keep in mind that your insurance needs will likely change as your family, job, health, and financial picture change, so you'll want to build some flexibility into the decision-making process. In any case, here are some common reasons for buying life insurance and which type of insurance may best fit the need.
Mortgage or long-term debt: For most people, the home is one of the most valuable assets and also the source of the largest debt. An untimely death may remove a primary source of income used to pay the mortgage. Term insurance can replace the lost income by providing life insurance for the length of the mortgage. If you die before the mortgage is paid off, the term life insurance pays your beneficiary an amount sufficient to pay the outstanding mortgage balance owed. Family protection: Your income not only pays for day-to-day expenses, but also provides a source for future costs such as college education expenses and retirement income. Term life insurance of 20 years or longer can take care of immediate cash needs as well as provide income for your survivor's future needs. Another alternative is cash value life insurance, such as universal life or variable life insurance. The cash value accumulation of these policies can be used to fund future income needs for college or retirement, even if you don't die. Small business needs: Small business owners need life insurance to protect their business interest. As a business owner, you need to consider what happens to your business should you die unexpectedly. Life insurance can provide cash needed to buy a deceased partner's or shareholder's interest from his or her estate. Life insurance can also be used to compensate for the unexpected death of a key employee.
Review your coverage Once you purchase a life insurance policy, make sure to periodically review your coverage; over time your needs will change. An insurance agent or financial professional can help you with your review.
IMPORTANT DISCLOSURES Regina L. Faison Senior Financial Advisor Faison Wealth & Retirement Services C/O Woodbury Financial Services 3070 Bristol Suite 500 Costa Mesa, CA 92626 Office Direct -949-200-8212 * Efax - 949-556-9806 * Regina cell - 714-329-7184 Customer Service Email- email@example.com Ph# - 949-939-1194 Website - http://faisonwealth.com "Helping businesses and individuals achieve their life goals" Securities, and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Advisor. Woodbury Financial Services P.O. Box 64284*St. Paul, MN 55164*-800-800-2638 Faison Wealth and Retirement Services and Woodbury Financial are not affiliated entities.
Page 2 of 2 Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2015
35 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
re you a Small Business interested in selling your product or services to Metro or to Prime Contractors that do business with Metro? Would you like to learn how to win contracts as a Prime Contractor through SB Prime, Metro's exciting set-aside initiative? If so, we invite you to come grow with us and learn about Metro Connect. Start now and register for a How to Do Business with Metro Workshop. Metro staff will show you how to take advantage of the vast array of products, services and transportation related opportunities projected over the coming weeks, months and year. As an added bonus, Metro's procurement staff will host informal interviews with firms before the workshop, starting at 9:00 a.m. Tuesday, November 10, 2015 8:30 a.m.: Registration 9:00 a.m. - 9:30 a.m.: One-on-One with Contract Administrators and Continental Breakfast 9:30 a.m. - 11:00 a.m.: Program
Metro Headquarters 3rd Floor, Board Room, One Gateway Plaza, Los Angeles, CA 90012
Topics: Highway Project Update, Procurement Update, Certification Update, Small Business Prime Update, LA SAFE/511 Next Generation Update To learn more about how Metro Connect's Small and Disadvantaged Business Certifications can help open the door to contracting opportunities with Metro visit Metro Vendor Portal. For further questions, please contact Marisela Villar at VillarM@metro.net or via phone at 213.922.2235.
36 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
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MBDA Business Centers Grant Opp Now Open 29 new centers will be approved for 2016
GRANT OPPORTUNITY (www.grants.gov/web/grants/view-opportunity.html?oppId=279485) MBDA-OBD-2016-2004577 MBDA Business Centers (29) Department of Commerce The synopsis for this grant opportunity is detailed below, following this paragraph. This synopsis contains all of the updates to this document that have been posted as of 10/5/2015. If updates have been made to the opportunity synopsis, update information is provided below the synopsis. If you would like to receive notifications of changes to the grant opportunity go to send me change notification emails (http://apply07.grants.gov/search/email.do?oppNumber=MBDA-OBD-20162004577&agencycode=DOC). The only thing you need to provide for this service is your email address. No other information is requested. Document Type: Funding Opportunity Number: Funding Opportunity Title: Opportunity Category: Funding Instrument Type: Category of Funding Activity:
Category Explanation: Expected Number of Awards: CFDA Number(s): Cost Sharing or Matching Requirement:
Grants Notice MBDA-OBD-2016-2004577 MBDA Business Centers (29) Discretionary Cooperative Agreement Environment Natural Resources Science and Technology and other Research and Development
Posted: 10/5/2015 Created: 10/5/2015 Org Closing Date: 12/3/2015 Closing Date: 12/3/2015 Archive Date: 01/02/2016 Est. Funding: $10,227,450 Award Ceiling: $337,875 Award Floor: $285,400
29 11.805 -- MBDA Business Center Yes
For information on this and other grant opportunities visit: www.mbda.gov and www.grants.gov.
41 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Partnership Forming to Enhance Cultural Tourism along African American Trail By Jason Johnson
rom the ports that once brought slaves into the country to the streets where civil rights activists protested for equality, a new initiative is aimed at helping Mobile and its citizens highlight, preserve and even benefit from the area’s rich African American heritage. Recently, the Mobile Bay
Convention and Visitors Bureau (MBCVB) announced a plan to partner with local communities to focus on cultural tourism, mirroring efforts in historic Southern cities like Savannah, Atlanta and Charleston. While there is already some organization along the Dora Franklin Finley African American Heritage Trail (www.maaht.org/
dora.php), a new committee is in the process of drawing up plans to enhance cultural tourism by further developing those and other historic areas of Mobile, possibly adding more. “We need to make sure we tell the complete story of Mobile. When you look at cultural tourism, that typically focuses on your African American and multicultural history,” said Al Hutchinson, MBCVB president. “That’s a story that needs to be told and if we’re going to complete the story, we need to focus on how we can improve that.” Aside from the desire to tell a complete history, Hutchinson said cultural tourism stops have become
and preserve Africatown. “ T h i s community has had a lot of promises from politicians over the years, but this time it’s starting from the inside out, and we’re trying to get other people e former AfricaTown Welcome Center on Bay Bridge Road. to come aboard,” Womack told “a business enterprise in a number Lagniappe. “With us being put on of communities.” He mentioned the National Register of Historic cities like Savannah, but also ones Places, that sort of verified us and closer to home like Montgomery, gave us what we needed to say, Birmingham and Selma, which ‘what we’re trying to do is for real have created a network of stops and not just some pipe dream.’” along a “Civil Rights Trail” (www. In March, the Mobile City Council nps.gov/semo/index.htm) with approved $50,000 for a feasibility Alabama’s Tourism Department. study to determine the best ways The Port City has a large number to redesign the neighborhood. The of historical places but with the local results and suggestions initiative still in its early stages, the from that study are committee has only identified three expected sometime soon, main focuses, Hutchinson said. and Hutchinson said Announcing the long-range plans those will likely help “lead of the initiative on Oct. 12, Hutchinson the charge” of making said the Cultural Tourism Africatown a cultural Enhancement Committee aims tourism destination. to make improvements to the Hutchinson said the existing African American Heritage preliminary ideas include Trail, find a way to market Historic increased signage Africatown and develop a new directing people to the civil rights memorial somewhere community and a much anticipated in the city of Mobile. new welcome center. He also said So far, a committee of stakeholders there’s even been talks of a replica involved in business, education and of the Clotilde (https://en.wikipedia. previous local historic preservation org/wiki/Clotilde_(slave_ship). has been established. Joe Womack City Councilman Levon Manzie represents Africatown on the sponsored the agenda item to spark committee. the feasibility study, and recently According to Womack, the District 2 County Commissioner current African American Heritage Merceria Ludgood said the work Trail only “touches” the historically was needed in a community that significant parts of Africatown. He has had separate initiatives in the said including the community in same vein, but never something this and other recent restoration this comprehensive. efforts is another step forward in a “I wouldn’t call it fragmented, but 25-year effort to properly revitalize we’ve been working on parallel
tracks, and this gives us an opportunity to pull it all together through the MCVB, which I think is the appropriate home for this effort,” Ludgood said. “This is the first time I’ve seen the full presentation and mission statement, but it’s certainly something that needs to be expanded.” Even though the MCVB is leading the task, Hutchinson said the direction will be determined by the people by way of the committee. Womack said they seem to be on the right, at least as far as Africatown is concerned. He said there’s several people in the community that want something “they can be proud of.” He also stated there are descendants from the original Africatown community members in Mobile that have artifacts they like to give the public access to, if there was a proper and secure place to display them.
Womack said he’s confident in the Hutchinson and MBCVB, and thinks the local government’s appetite increased hotel nights will keep the stakeholders involved in the initiative. “Our approach is to make sure that whatever we do as a community, the city gets something out of it,” Womack said. “That’s the key. If we can fill up some hotels on the weekend, the city is going to continue to support it.” http://lagniappemobile.com/partnershipforming-enhance-cultural-tourism-alongafrican-american-trail
43 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Shoe Crazy Wine From http://officialblackwallstreet.com/ black-owned-wine-spirit-brands
hoe Crazy Wine offers a complex Cabernet Sauvignon, smooth Chardonnay, full bodied Red Blend, and a Classic Sauvignon Blanc. You can purchase their varietals online or in-stores. Price Range: $20.28 – $26.70 Purchase: Online + In-Stores
Welcome to Shoe Crazy Wine Shoe Crazy Wine offers delectable recent vintages for your enjoyment and pleasure. Looking for the perfect gift? Slip on those heels and take a bottle to the party. Kick off your shoes and enjoy with a movie or book. Sip by candle light with that special someone. Indulge your senses. Shoe Crazy Wine brings you an amazing and
(http://officialblackwallstreet.com/item/sociologie-wine) 44 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
decadent collection. We believe a great wine is like a pair of fabulous shoes...To be enjoyed over and over again!!! In 2006, founder Gwen Hurt was given a wine making kit for Christmas. She made and bottled over 120 bottles of Chianti. While trying to decide what to name her creation, daughter Brittny said "name it something you love." Gwen says, "I loved and was passionate
about shoes, and now this new love." The name “Shoe Crazy Wine” was born. “While it wasn’t necessarily the most drinkable wine..It made one heck of a Bologneise Sauce for Pasta!!” She was hooked on wine and it’s intricacies ever since. From Technology to Vintner: In 2013, Shoe Crazy Wine, LLC was founded by Gwen after a series of challenging events in her life, that happened within days of each other. The first was being downsized by the company in which she had spent 17 years and days later a car accident that would take almost a year to fully recover. During her physical therapy and rehabilitation, Gwen made the decision to fight back the depression and pain and start a company that she could be proud of and most importantly passionate about. Thus the SCW story is truly a case of the tried and true cliche "Everything Happens for a Reason" and sometimes two things happen for a reason. SCW launched very quietly in Virginia as a private label Vintner. The wine is made from superior grapes in optimum conditions. They create signature and proprietary blends that are beautifully balanced wines. From vineyard to bottle nothing is taken for granted. Shoe Crazy wines truly please the palate. SCWs mission is to deliver the ultimate wine drinking experience by never forgetting our customers are everything. www.shoecrazywine.com/
45 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
RIO 2016 OLYMPIC OPPORTUNITIES Stay Current through the Olympic Newsletter: http://www.export.gov/brazil/games/eg_ br_080260.asp Current tenders can be found at: http://portaldesuprimentos.rio2016.com/en/ status/of/the/bids For information on the Games visit http://export.gov/ brazil/games/index. asp www.export.gov/ brazil/games/eg_ br_080260.asp
Black Business Association is joining forces with AT&T, Sprint, T-Mobile, and a number of other businesses and community organizations to help promote safe driving through
Sell Your Products & Services on
It Can Wait. http://itcanwait.com 49 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
BBN Biz Notes By Black Business News Staff
Oregon Will Become Second State to Offer Free Community College
ore than 10,000 students are expected to benefit from a last-minute bill passed by legislators this week that makes Oregon only the second state (after Tennessee) to offer free community college. The idea is that a lot of needy students who might like to attend community college are currently failing to apply for federal grants that could pay for much of their education. Legislative testimony cited state estimates that it costs about $14,000 a year in social services and indirect costs to support each of the 70,000 Oregonians between the ages of 18
and 24 who are unemployed and have no education beyond high school. "A lifetime of food stamps is much more expensive than the annual community college tuition of $3,000." In Tennessee, more than 80% of the students that took part last year in that state's new program got full or partial grant (not loan) funding from federal Pell grants. The state then paid the balance.
Facebook's TechPrep Aims To Get More Minorities into Tech Careers
any young people in the African-American and Hispanic communities believe they have great potential for careers in computer programming, but their parents often don't know how to help them achieve these goals, according to research from McKinsey & Co. Based on those findings, Facebook has teamed up with the analyst firm to launch an
initiative called TechPrep (https:// techprep.fb.com). Available in both English and Spanish, the TechPrep site offers videos, links and resources for both parents and young people interested in learning more about careers in computer science and engineering. There has been a growing recognition among tech firms that they need to do more to increase the diversity of their workforces, especially as the population of the U.S. has become increasingly diverse. Facebook, Google, Apple and Intel are among the companies that have started issuing regular diversity reports and launching new programs to encourage more women and minorities to explore computing careers. In launching TechPrep, Facebook cited research that found that 50% of African-American and 42% of Hispanic learners believe they would be good at working with computers. www.cio-today.com/article/index. php?story_id=11100A95YM06
50 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
First African-American Nominated for Premier Corporate Court by Tom Hals
elaware Governor Jack Markell nominated the first African-American to the state's Court of Chancery, one
of the country's premier venues for shareholder disputes. Markell nominated Tamika MontgomeryReeves to become vice chancellor, succeeding Donald Parsons, whose term expires on Oct. 22. Montgomery-Reeves must be confirmed by Delaware's senate, which will consider her nomination on Oct. 28. If confirmed, Montgomery-Reeves will be the first woman on the five-judge court since 1994, when Carolyn Berger was elevated to the state's Supreme Court. Montgomery-Reeves is a partner at Wilson Sonsini Goodrich & Rosati in Wilmington, Delaware,
where she focuses on corporate governance and corporate litigation. She was part of the Wilson Sonsini team that represented Chevron Corp in a key 2013 case in which the Court of Chancery upheld the use of corporate bylaws to force shareholders to sue in Delaware courts. “Tamika Montgomery-Reeves has the intellectual ability and strong work ethic necessary to serve on Delaware’s Court of Chancery,” said Markell in a statement. “She also has substantial experience practicing corporate law and clerking for the Court of Chancery." Prior to joining Wilson Sonsini, Montgomery-Reeves practiced securities law at Weil, Gotshal & Manges in New York. She also served as a law clerk for William Chandler, the former chancellor, or chief judge, on the Court of Chancery. Judges are appointed for 12year terms on the non-jury Court of Chancery, which is favored by business for its relatively quick proceedings and protections from liability for corporate directors. www.reuters.com/article/2015/10/13/ us-delaware-court-nomineeidUSKCN0S72VC20151013
SAVE THE DATE! Join the U.S. Commercial Service and the District Export Council of Southern California for Discover Global Markets: Pacific Rim Consumers, a dynamic 2-day conference focused on consumer markets throughout Asia and the Pacific region. Find out what consumers are buying, and how to sell to them!
What to expect:
• • • • •
In-depth market intelligence targeting major consumer markets in the Pacific Rim Country and industry sessions led by industry specialists and executives Practical “how to” sessions on global branding, international marketing, fulfillment, distribution, and protecting your Intellectual Property Rights (IPR) Financing for generating maximum revenue and profits “Meet the buyer” sessions and networking with senior business leaders
Private consultations with U.S. commercial diplomats: Opportunity to meet with in-country commercial diplomats and specialists to gain customized market entry advice for your company. Featuring 18+ markets, including: x • • • x x
Australia/New Zealand Burma Canada Central America Chile China
• • • • • •
Colombia Costa Rica Hong Kong Japan Malaysia Mexico
• • • • • •
October 29-30, 2015
Hilton Orange County/ Costa Mesa 3050 Bristol St. Costa Mesa, CA
For more information: Daniel Lew 213-200-7172 Daniel.Lew@trade.gov Jim Mayfield 949-660-8681 Jim.Mayfield@trade.gov
Panama Peru Singapore South Korea Taiwan Thailand
A few of our featured industries, plus a lot more! 9 9 9 9 9
Cosmetics, Beauty & Personal Care Consumer Brands Fashion, Apparel & Accessories Franchising Action Sports/Outdoor Lifestyle
9 9 9 9 9
Entertainment & Digital Media Nutritional Supplements Food, Beverages, Wine Recreational Vehicles, Automotive Travel & Tourism
www.export.gov/DiscoverGlobalMarkets/PacRimConsumers U.S. Department of Commerce
International Trade Administration
U.S. Commercial Service
52 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
BUSINESS FORUM SERIES
PACIFIC RIM CONSUMERS Get valuable exposure among U.S. exporters of products and services at an international business forum organized by the U.S. Commercial Service (the export promotion arm of the U.S. Department of Commerce’s International Trade Administration) and the District Export Council of Southern California.
Become a Sponsor Now! Event Dates October 29–30, 2015 Location Hilton Orange County/Costa Mesa 3050 Bristol Street Costa Mesa, CA 92626 (714) 540-7000
Conference Overview DISCOVER GLOBAL MARKETS: Pacific Rim Consumers participants will gain access to upto-date market intelligence about consumer markets throughout the Pacific Rim region.
For More Information Daniel Lew (213) 200-7172
The program will feature international business leaders, U.S. commercial diplomats, industry specialists, and seasoned export advisors from more than 20 Pacific Rim markets—from Seoul to Santiago!
firstname.lastname@example.org Jim Mayfield (949) 660-8681
Benefits of Becoming a Sponsor
As a sponsor, your organization will receive valuable exposure prior to and during the event. The conference will be promoted heavily nationwide and your organization will be recognized according to your selected level of participation:
Logo on Program Guide, E-mail Promotions, and Website
Special Recognition at Forums
List and Contact Information of All Forum Attendees (to be Distributed Immediately Following Event)
Promotional Space at Forums Forum Tickets Advertisements in Forum Program Guides Optional Reserved Forum Table (luncheons)
Seats at Head Table (program/luncheon)
Digital Media Promotion
U.S. Commercial Service—Connecting you to global markets.
53 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
growth.” Featured events in 2015 include: • Startup Open, a global competition to identify and recognize new and promising startups. It is open to any entrepreneur who has just started or is about to start a new venture. • Startup Nations Summit: Startupsavvy policymakers and program leaders gather in Monterrey, Mexico to explore policy ideas and programs to help accelerate new and young firm formation. • One in a Million: The Kauffman Foundation’s inaugural pitch competition, providing startup owners who have previously presented at a 1 Million Cups (www.1millioncups.com) program around the country, the chance to pitch their ideas to seasoned entrepreneurs. Five finalists will compete in a live-streamed event on Nov. 18 for a grand prize of $10,000.
he Ewing Marion Kauffman Foundation announces that the 2015 Global Entrepreneurship Week (GEW) will be its largest celebration of entrepreneurship yet, with events in 160 countries. From November 16-22, roughly 10 million people will take part in the eighth annual celebration, recognizing and supporting entrepreneurs from around the world. This year’s Global Entrepreneurship Week features several themes meant to provide innovators the tools, resources and advice to launch new businesses. Throughout the week, GEW partners around the world will help entrepreneurs of all levels start and scale new ventures through events, activities and competitions that introduce participants to potential collaborators, mentors and even investors. While the activities will vary greatly in size and scope, many will touch on trends in the following areas: • Investors: On Nov. 17, GEW will highlight the role that early-stage investors play in developing robust entrepreneurial ecosystems through partner events that enhance the connections between business angels, venture capitalists and individual investors with entrepreneurs and policymakers.
• Youth: On Nov. 19, GEW will spotlight partner activities, such as the DECA Idea Challenge (www.gew.co/challenge), to inspire the next generation of entrepreneurs and help them acquire and sharpen the skills needed to launch and grow a startup. • Cities: On Nov. 20, GEW will explore the efforts by policymakers around the world to support the development of local entrepreneurs, ensuring they have access to the resources necessary to help them launch startups. The first-ever Startup Nations Awards will recognize local and national policymakers alike, as well as ground-breaking intellectual work in the field. "As more and more countries turn to their entrepreneurs to drive innovation and economic growth, they need to focus on developing their local and national startup ecosystems,” said Jonathan Ortmans, president of Global Entrepreneurship Week. “GEW provides a jolt of energy that strengthens those connections and helps foster an entrepreneurial culture necessary for sustained
Launched in 2008 by the Kauffman Foundation, Global Entrepreneurship Week has quickly grown to include more than 25,000 events, activities and competitions. To learn more about all of the Global Entrepreneurship Week events and see a list of participating countries and supporting organizations, visit www.gew.co. www.kauffman.org/newsroom/2015/10/ global-entrepreneurshipweek-2015-tops-160-countrymark?utm_source=newsletter&utm_ medium=email&utm_ campaign=ideasatwork10_22_15&_cld ee=bGlvbi5jb21tQGhvdG1haWwuY29t
54 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Have you registered for the U.S.-Africa Business Summit? November 2-5, 2015 | Addis Ababa, Ethiopia www.summit.africacncl.org #AfricaBizSummit Why You Should Attend the Summit If you are looking to enter the African market or expand your business on the continent, you won't want to miss the the U.S.-Africa Summit. This November, more than 1,000 private sector and government representatives from Africa, the United States, Europe, Asia and the Middle East will convene with the common goal of networking and expanding their knowledge on investment opportunities. How will the 2015 Summit be different? The 10th Biennial U.S.-Africa Business Summit will be held in Africa for the first time since 2007. Addis Ababa, Ethiopia, home of the African Union and growing international business hub, will provide the ideal setting for building new partnerships and expanding your business. What is the best way to take advantage of the networking opportunities? Daily beverage breaks, luncheons and two evening events are included with your registration fee. In addition, we will be launching an app in September which will allow you to find and schedule meetings with potential business partners and investors. Gain Insight from the Experts We have invited experts in agribusiness, energy, finance, health, security, infrastructure, trade facilitation and capacity building, working in diverse African economies, to provide their pragmatic insight on what you need to achieve your business goals. The Corporate Council on Africa 1100 17th Street NW, Suite 1000, Washington, DC 20036 Tel: (202) 835-1115 Fax: (202 835-1117
55 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
OR ANY SPECIAL
Oprah Winfrey Takes 10% Stake in Weight Watchers By Sara Germano and Nathalie Tadena
prah Winfrey has come to the rescue of Weight Watchers International Inc. (http://quotes.wsj.com/WTW), buying a 10% stake and joining the board of the struggling weight-loss company. The news sent Weight Watcher’s battered share price surging. The 61-year-old billionaire, who over the years has chronicled her weight issues on her eponymous talk show and magazine, will for the first time become a member of Weight Watchers and appear in its advertising. “I believe in the program so much I decided to invest in the company and partner in its evolution,” Ms. Winfrey said in a news release. Weight Watcher’s stock more than doubled on the news, closing at $13.92 in New York. Even with that gain, the stock is still down about 44% so far this year, as Weight Watchers has struggled with dwindling membership and a $2 billion debt load. Ms. Winfrey’s endorsement and investment comes at a crucial time for the 52-year-old business. Revenue has fallen for six consecutive quarters. Earlier this year, the company said it would cut $100 million in costs and expand its efforts to reach the millennial generation, which increasingly turns to apps and other gadgets that track calories. Ms. Winfrey is among the most powerful celebrities for influencing consumers’ purchase behavior, according to data from the Marketing
Arm, an Omnicom Group -owned firm that ranks celebrity perception based on online polls. Ms. Winfrey ranks No. 4 out of 3,786 celebrities for influence, behind only Kate Middleton, Bill Gates and Taylor Swift. “She’s one of the very few that drives the needle for brands,” said Matt Delzell, managing director of the Marketing Arm’s celebritytalent acquisition group. Her appeal is strongest among women over the age of 40 in nonurban markets, said Allen Adamson, a branding expert and former chairman for North America at WPP PLC’s Landor Associates. “To some extent, what’s most important is to get the brand back on the radar,” he said. “If they can win Oprah’s core following that would be a good situation, and then tomorrow they can figure out how to go for younger consumers.” Weight Watchers has long used stars like Sarah Ferguson, the Duchess of York, and singeractress Jennifer Hudson to promote the program, but it recently moved away from celebrity marketing to emphasize everyday individuals and healthy choices. Advertising initiatives this year included a “lose 10 pounds on us” plan and a Super Bowl commercial prompting viewers to take back control of their eating habits. The company has also acquired mobile and social fitness apps, including Weilos, a social platform which encourages users to share selfies of their weight-loss progress, and Wello, a fitness coaching
website. Both acquisitions come as Weight Watchers faces competition from unlikely rivals, like Under Armour Inc., which has tagged $710 million since 2013 to purchase several fitness apps. On how the two sides came together, Weight Watchers spokeswoman Stacie Sherer said, “We approached her initially and the conversation grew from there to create a partnership. Obviously a deal like this doesn’t come together overnight. But once we reached a meeting of the minds, the team worked very quickly to get it documented and announced.” It is the first time that Ms. Winfrey will serve on the board of a public company, according to her spokeswoman. The businesswoman also runs her private company Harpo Inc., which owns 50% of OWN: The Oprah Winfrey Network, a cable channel in partnership with
62 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Discovery Communications Inc., and publishes her magazine with Hearst Corp. Ms. Winfrey—who also received stock options that could increase her 10% stake to 15%—will likely become the largest individual investor in Weight Watchers.
The company is controlled by Artal Luxembourg SA, the investment arm of a European family. The fund bought the business from H.J. Heinz in 1999, took it public a few years later and still held 51.5% of the stock as of June 30. It isn’t the first time Ms. Winfrey has been involved with a diet or weight-loss brand. In 1988, she showed off her 67-pound weight loss by treating her viewers to a twirl in her size 10 Calvin Klein jeans. She repeatedly mentioned her prescription liquid-diet, the Optifast Program. That day, a million people tried to telephone Optifast, and
sales of nonprescription liquid diets soared. But by 1990, Ms. Winfrey had regained much of the weight and denounced liquid diets on the air, hurting the sales of some liquid-diet products. Ms. Winfrey is widely credited with sparking a second running participation boom in the U.S. after she ran the 1994 Marine Corps Marathon. “Over the years she has been asked to partner on a number of ideas and has always turned down those opportunities until now,” a spokeswoman for Ms. Winfrey, Nicole Nichols, wrote in an email. “What made Weight Watchers different is that the mission of the brand is in perfect alignment with her own ideas.” Ms. Nichols said there were no current plans for O Magazine or her television network to feature Weight Watchers, “but that could change down the road.” She added that Ms. Winfrey joined the Weight Watchers program two months ago and has been using the company’s mobile app and working with a personal weight-loss coach. Ms. Winfrey is paying $43 million for 6.4 million shares, a price based on Friday’s closing price of $6.79, according to a regulatory filing. In addition, Ms. Winfrey received vested options to buy an additional 3.5 million shares at Friday’s price. Weight Watchers said it would book a $14 million charge for the options award. Based on Monday’s gains in Weight Watcher’s stock, Ms. Winfrey is already sitting on a paper profit of about $75 million for her shares and option award. She has agreed to hold on to her shares for a minimum of two years, according to the filing. www.wsj.com/articles/oprahwinfrey-taking-10-stake-in-weightwatchers-1445251920
63 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
65 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Small Business Investment Companies (SBIC)
favorable rates through the federal government. •And the national economy benefits as the small businesses financed by SBICs continue to create jobs and generate tax revenues.
Where can I learn more? Visit the SBIC Program pages ( w w w. s b a . g o v / c o n t e n t / s b i c program-overview-0), including the FAQ, for more information about the SBIC Program. Still have questions? Email askSBIC@sba. gov.
id you know that the Small Business Investment Company (SBIC) program has been helping high-growth small businesses get financing since 1958? That's right – for more than 50 years, SBICs have facilitated the flow of long-term capital to America’s businesses. There are thousands of small business success stories, but here are a few you probably recognize: Costco, Apple and Staples – just to name a few.
funds (the SBICs) that finance small businesses.
How does it work?
What are the perks?
SBA doesn't finance businesses directly. For the SBIC program, the Small Business Administration (SBA) partners with private investors to capitalize professionally-managed investment
•Small businesses can receive equity capital, long-term loans and expert management assistance. •Investment managers can add to their own private investment capital with funds borrowed at
MOBILE BLACK BUSINESS DIRECTORY
Download the App Add your Business Information Be found by new & old clients
DO IT TODAY! http://aroundthewayapp.com
http://trayvonmartinfoundation.org 66 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Spotlight on Supplier Diversity:
Success of the AfricanAmerican Businesses
By P. Yvette Thomas, Writer, Black Business News
he National Minority Supplier Diversity Council (NMSDC) Conference and Business Opportunity Fair (www.nmsdc.org/ is the nation’s premier forum on minority supplier development. For four days, more than 6,000 corporate CEOs, procurement executives and supplier diversity professionals from the top multinational companies, as well as leading Asian, Black, Hispanic and Native American business owners and international
Management (CMAA), Green Supply Chain Management (SEMS), ISO TS/AS, ISO 14001:2004; and Sales and Marketing, he and his team have been successful in leveraging their corporate diversity certifications to
organizations convened in San Diego, California. BBN interviewed Andre Bryant, President & Managing Partner at BridgePort Solutions Group, LLC (www.bridgeport.solutions). Since 2004, the BridgePort has been providing advanced Global Sourcing and Supply Chain Solutions to corporate customers and their global suppliers. 75% of their business is with the automotive industry, and 25% in manufacturing. Because of Bryant's certifications in Lean Management, Six Sigma Methodologies, Project Management (PMI), Business Analysis (IIBA), Construction
secure important corporate clients such as GM, Ford, Eaton and Meritor. BridgePort's commitment to diversity includes partnering with the local community colleges to hire service-disabled veterans; and 70% of their workforce is comprised of women. As an emerging global competitor, BridgePort recently expanded their facilities in Mexico, and has operations in Detroit and Ohio. Bryant's professional achievements include, former host of "The Bottom Line TV Show” a local production of the Cleveland, OH Chapter of the National Black
MBA Assn. That focuses on the professional, business, social, and leadership development of its members and the broader Northeast Ohio community. Further he is involved in and/or actively supports E-City, Student Entrepreneur Program, Mind Body Spirit Connected – Health & Wellness Organization Advisory Board of Scranton Road Ministries CDC, Youth Jobs Partnership Program Cleveland Contemporary Dance Theater – Board CoChairman Mothers Against Drunk Driving (MADD) Ohio Statewide Board.
67 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Business • Stationery/Greeting Cards - Send handwritten notes as easily as email. Visit the website for more details and subscribing guidelines.
Take a Look! by LaSandra Stratton
heck out what these firms and organizations have to offer for your personal interests, personal wealth building, and business expansion opportunities.
ooking for office space for a new venture or to open a branch in a distant city. Need a site to hold a business meeting. Try LiquidSpace, a new app on IOS and Android devices.
To use LiquidSpace, • start by describing your physical needs such as team size, type of event, locations of interest, potential start or move-in dates. • When a list of options is presented you may browse the offerings with no obligations. If you identify a likely site than you get to contact the site management directly to ask questions about the property. • When you decide just reserve your space online. If you have a space that would work as an office or meeting space, create a free listing in the LiquidSpace datase. Earn some additional income for your business.
igital handwriting is real handwriting without the pen – no robots, all software. • Not a font - Our patented technology captures up to 25 glyphs per character and
selects each glyph based on the surrounding letters to mimic the natural variations of handwriting. • Scalable and affordable Handwriting is costly and timeconsuming. Eliminate the hassle of handwritten communications and save time and money with digital handwriting. • Flexible and easy to use Integrate digital handwriting technology into your application using our API. Output images in various file formats and resolutions to fit your business needs. Digital handwriting can add value to every type of business. • CRM - Increase customer LTV with the personal touch of handwriting. • Direct Marketing - Boost open rates and ROI of your direct mail campaigns. • Digital - Insert handwriting into email, social media and mobile apps. • E-Commerce - Create upsell opportunities by personalizing online gifting. • Wedding/Baby Registries Differentiate your registry with a thank you note application.
he World Public Library Association is the world’s largest aggregator of eBooks. Founded in 1996, the World Public Library Association is a global coordinated effort to preserve and disseminate historical books, classic works of literature, serials, bibliographies, dictionaries, encyclopedias, and other heritage works in a number of languages and countries around the world. World Public Library is a IRC 501(c)(4) Organization, organized Not for profit, but operated exclusively for the promotion of social welfare. Our mission is to serve and aid the public, students, and educators, by providing the world's most complete collection of electronic books, documents, and articles online, as well as offer a variety of services and resources that support and strengthen the instructional programs of education, elementary through post-baccalaureate studies. Access to the complete holdings of the World Public Library is open to the general public for personal use. Upon payment of an annual dues of $8.95 for membership, Patrons will receive an eLibrary Card allowing them unlimited access to our complete holdings. There are no other costs or fees to individuals for unlimited access. The payment of a nominal dues are needed to defray operating expense, in strict compliance with US IRC Rev. Rule
68 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
67-109, 1967-1 C.B.136. The World Public Library Association makes its governing documents, trademark-copyright policy, and financial statements available to the public. Please send all requests to info@WorldLibrary.net. The World Public Library Association and its branches are NOT affiliated with any governmental agency or department.
eLibrary Card As a member of the World Public Library, you will be able to access all +3,000,000 digital eBooks to read online or download and save for later. All of the eBooks are portable PDF file formatted, and all Audio eBooks are portable MP3 file formatted. These formats have been specially designed to be cross platform compatible with all PCs, Laptops,
PDAs, Kindle DX, Kindle 3 iPad/ iPods, eReaders, or Smartphones.
Variety of Collections Our eBook collection and eDocuments include: 21st Century, Action Adventure, Biography, Classics, Drama, Education, Elizabethans, Esoteric, Fiction, Folklore, Children's, Gothic Tales, History, Liberal Arts, Mystery, NonFiction, Poetry, Political Science, Pulp Fiction, Religion, Renaissance Thinkers, Science, Science Fiction, Western, Europa, Eastern, Professional.
Self-Publishing Opportunity Self-publishing is a public service provided to authors at no cost. If your goal is to get published the Author's Community SelfPublishing Press can help you reach your publishing goals.
Noah's Archive Project All of man’s most profound thoughts and insights have been carefully preserved in written
artifacts throughout the ages. This initiative is to preserve and save a master repository of the World’s Knowledge - create and archive the World’s most diverse repository of the written knowledge by striving to acquire a digital facsimile of every artifact of knowledge that has ever been written and keep it safe in an on-line perpetual access model for the entire world to access via the World Wide Web. In recent years, countless museums and libraries have been destroyed by war, civil strife and natural disaster resulting in the loss of approximately 5,000,000 one-of-a-kind books, manuscripts, and scrolls that have been loss this century, never to be seen again. Unless such an Arc of knowledge is created we could be in danger of losing millions more irreplaceable objects. Submitted by LaSandra Stratton, Chief Content Administrator of the Black Business News.
69 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
74 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
75 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Join the First Lady. Encourage Students to Forge Their Futures & Reach Higher
initiative is the First Lady's effort to inspire every student in America to take charge of their future by completing their education past high school, whether at a professional training program, a community college, or a four-year college or university. In today's economy, a high school diploma just isn't enough. Students have to reach higher, which is why
the First Lady is working to rally the country around the President's "North Star" goal — that by 2020, America will once again have the highest proportion of college graduates in the world (www. whitehouse.gov/photos-and-video/ video/2014/02/11/reaching-northstar-2020).
Expanding Opportunity The Reach Higher initiative will help make sure all students understand what they need to
complete their education, including: • Exposing students to college and career opportunities • Understanding financial aid eligibility that can make college affordability a reality • Encouraging academic planning and summer learning opportunities • Supporting high school counselors who can help more kids get into college. Reach Higher program partners
76 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Hi Everyone, I'm Jay Pharaoh,
'm joining FLOTUS -- yes, THE First Lady of the United States, Michelle Obama -- to kick off #BetterMakeRoom, a campaign for her Reach Higher initiative. Because, listen up adults, kids these days are ready to make their debut and make their mark on the world. I mean, let's be honest, at 17 I wasn't sure what I wanted to do. But I knew I wanted to do something creative, I wanted to make people laugh. Tidewater Community College gave me the boost I needed to put me on a path to where I am today. Now don't just sit back. There's something every one of you can do -- right now -- to help make education a reality for more people. Here's what that is: Show your support for young folks on your social media channels using #BetterMakeRoom. Tell them what you wish someone would have told you when you were 14. Consider it a pep talk in 140 characters. Tell them to go visit BetterMakeRoom.org and let them know their voice should be heard. This generation is eager to make their own mark on the world and we need to make sure they get the education they need to help them do just that. And together, we can tell the world: You better make room. Because these young people are going to do big things. Let's inspire these kids to dream even bigger, reach even higher. Watch out world!
include these projects and many others. Work with the program that fits your action profile.
Program Partners Better Make Room (www. whitehouse.gov/photos-andvideo/video/2015/10/19/first-ladyannounces-better-make-roominitiative) is about creating a space for all the great things you’ll do next. It’s about staking a claim, forging a path and lighting the way for others just like you. And it’s a lot more fun to get there together. Take the next step: Get a better education, have a better career,
imagine a better future and live a better life. You’re about to arrive—and the world Better Make Room. Better Make Room is a collaboration between Civic Nation, a nonprofit 501(c)(3) organization that promotes sensible government policies, and the U.S. Department of Education. Together, with our partners and a determined generation, we believe we will change the future of education in America.
Up Next (www.whatsupnext.us) was created by a team of education experts, in collaboration with Huge (www.hugeinc.com), a digital and design firm, and Civic Nation. Up Next sends you simple text messages whenever you need that extra push to get important grownup things done. Begin to receive the messages that will help make a difference in your life by siging up. Provide your phone number (and some other basic info) to customize your messages, based on what’s going on with you right now. Watch out world!
77 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
New U.S. – Pakistan Partnership to Advance Girls Education By Office of Rep. Ted Lieu, lieu.house.gov
ongressman Ted W. Lieu (D | Los Angeles County) issued the following statement regarding the White House’s announcement that the United States and Pakistan have pledged a new partnership to further adolescent girls’ education in Pakistan. The Government of Pakistan, as announced by Prime Minister Sharif in Oslo in July, will double spending for education in Pakistan, from two to four percent of gross domestic product (GDP) by 2018 and increase girls’ enrollment in school. In addition, the United States, through the U.S. Agency for International Development (USAID), is committing $70 million and will work jointly with the Government of Pakistan and other
partners to help educate and empower more than 200,000 additional adolescent girls across Pakistan. “The White H o u s e ’ s announcement of Mariam Safdar and First Lady Michelle Obama at the a new partnership education partnership announcement. between the United States and Pakistan to advance adolescent girls’ education is fantastic news. heels of a productive visit by Prime The simple fact is that nations – Minister Sharif to the United States. large, small and everywhere in Pakistan is a strategic partner of the between – thrive when educational United States and I look forward to and economic opportunities for continued work with my colleagues women and girls abound. This in Congress on ways to strengthen announcement comes on the the bonds between us.”
New Obama Administration Report on “CONVERSION THERAPY” By Office of Rep. Ted Lieu, lieu.house.gov
ongressman Ted W. Lieu (D | Los Angeles County) issued the following statement on the release of a report from the Substance Abuse and Mental Health Services Administration (SAMHSA) on socalled “conversion therapy.” This practice, which purports to change a person’s sexual orientation or gender identity, has been discredited by the mainstream medical community and today’s SAMSHA report (www. samhsa.gov/newsroom/pressannouncements/201510150630) categorizes conversion therapies
as “harmful” and “not appropriate therapeutic practices.” "Today's report from the Substance Abuse and Mental Health Services Administration makes it clear that so-called ‘conversion therapy’ is psychological child abuse - plain and simple. I commend the Obama Administration for the report and for calling for an end to this fake, dangerous practice in all 50 states. Being gay, lesbian, bisexual or transgender is not some mental
state that needs conversion; rather being LGBT is to be human. That's why I have introduced the Therapeutic Fraud Prevention Act in Congress and I look forward to working with my colleagues - Democrats and Republicans alike - to pass a law that prevents fraudulent practitioners from using the ridiculous methods of conversion therapy to harm LGBT Americans."
78 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Arizona State University Offers Free MBA By Abby Jackson
rizona State University (www.asu.edu) ranked No. 1 on the US News & World Report's 2015 Most Innovative Schools list, besting secondplace Stanford for that award. It seems the university is putting that innovation into action with a recent announcement that it will be the first school to offer its full-time MBA program completely free of charge, as first reported by Poets & Quants. Though it would come at a financial loss — more than $20 million annually — the school believes it is an important and necessary investment that will grow an entrepreneurial community of graduates who otherwise wouldn't be able to attend the school. “If someone has a great start-up idea, and they know they would be more successful in their venture if they had the skills and networking that an MBA would give them, they might be concerned about spending the money because it takes away from the capital needed for the start-up venture,” Amy Hillman, dean of the W.P. Carey School of Business at Arizona State University, said in a statement. Currently, tuition for the full-time MBA program at the W.P. Carey School of Business is $54,000 for instate residents, $87,000 for out-of state residents, and $90,000 for international students. The funding for the free MBA — dubbed the "Forward Focus” MBA program — will largely come from the endowment from William Polk Carey, a real-estate investor who donated a $50 million naming gift to the business school in 2003.
US News & World report ranks the W.P. Carey School of Business as the 30th best business school in the US. The average GMAT score at Carey is 673 out of a total 800. Its ranking is expected to improve as a result of the free MBA offering, as the school will likely see an uptick in applications, and the acceptance rate will go down. Acceptance rate is a factor of business-school ranking as an indicator of selectivity. www.businessinsider.com/arizona-state-university-is-nowoffering-a-free-mba-2015-10
79 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
African Stock Exchanges • Bolsa de Valores of Cape Verde - www.bvc.cv (in Portuguese) • Bond Exchange of South Africa - www.bondexchange. co.za • Botswana Stock Exchange www.bse.co.bw • Bourse Regionale des Valeurs Mobilieres - UEMOA (Abidjan, Ivory Coast) - www.brvm.org • Casablanca Stock Exchange (Morocco) - www.casablancabourse.com/bourseweb/index. aspx • Dar es Salaam Stock Exchange (Tanzania) - www. dse.co.tz • Douala Stock Exchange (Cameroon) - www.douala-stockexchange.com/index_us.php • The Egyptian Exchange - www.
• • •
• • •
egx.com.eg/English/homepage. aspx Ethiopia Commodity Exchange - www.ecx.com.et Ghana Stock Exchange - www. gse.com.gh Johannesburg Stock Exchange (South Africa) - www. jse.co.za/Home.aspx Khartoum Stock Exchange (Sudan, in Arabic) - www.kse. com.sd Libyan Stock Market - www. lsm.ly/_layouts/membership/ login.aspx?ReturnUrl=%2fEnglis h%2fPages%2fdefault.aspx Lusaka Stock Exchange (Zambia) - www.luse.co.zm Nairobi Stock Exchange (Kenya) - www.luse.co.zm Malawi Stock Exchange - www. mse.co.mw
• Mozambique Stock Exchange (in Portuguese) - www. bolsadevalores.co.mz • Namibian Stock Exchange www.nsx.com.na • Nigerian Stock Exchange www.nse.com.ng/Pages/default. aspx • Stock Exchange of Mauritius www.stockexchangeofmauritius. com • Swaziland Stock Exchange www.ssx.org.sz • Tunisia Stock Exchange - www. bvmt.com.tn • Uganda Securities Exchange www.use.or.ug Read the lastest issue of The Exchange Magazine www.nse.co.ke/media-center/ecommunique/exchange-magazine/ category/50-free-version.html
82 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Facebook will deliver 'internet from space' to Africa By Adam Oxford for African Enterprise
acebook founder Mark Zuckerberg says the social-media firm's internet. org initiative will begin delivering broadband services to rural communities in Africa via a satellite that will launch next year. Together with satellite operator Eutelsat Communications, Facebook has reserved the entire broadband capacity of Spacecom's AMOS-6, which will be launched into a geostationary orbit in 2016. According to a statement released by Eutelsat, AMOS-6 is capable of "community and direct-to-user internet access using affordable, off-the-shelf customer equipment".
It is not yet clear whether or not Facebook intends to launch full ISP services of its own or simply give limited access to its internet.org services. No local spokesperson was available for comment. But writing on his blog Zuckerberg said: "We're going to work with local partners across these regions to help communities begin accessing internet services provided through satellite." According to the most recent statistics from the International Telecommunications Union, Africa remains the least connected continent with internet penetration at just 19% - compared with the
international average of 60%. Eutelsat argues that satellite broadband will help to reach people living out of range of fixed-line and cell coverage, and says that AMOS6 is designed for high-throughput data transmissions, which will bring down the cost of satellite connectivity compared with current solutions. A new company is being established by Eutelsat to oversee its African strategy and role in the venture. www.zdnet.com/article/zuckerberg-saysfacebook-will-deliver-internet-from-spaceto-africa/?tag=nl.e232&s_cid=e232&ttag=e 232&ftag=TRE6a12a91
83 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Download the Zambia-USA Chamber of Commerce App from the
Apple App Store or
Google Play Store Search: "Zambia USA Chamber"
Find links to the chamber website and facebook page, and embassies; access business resources; receive breaking news; view relevant video presentations; communicate via Twitter, smartphone and e-mail.
84 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
USTDA Launches Best-Value Procurement Training in Ethiopia By Collins Mwai
he U.S. Trade and Development Agency (www.ustda.gov) kicked off the first phase of its Procurement Assistance Program in Ethiopia under the Agency's Global Procurement Initiative: Understanding Best Value (GPI). USTDA is providing 50 Ethiopian government officials with access to world class procurement experts, including leaders from the George Washington University's Government Procurement Law Program and technical specialists in life-cycle cost analysis, through a three-day workshop on Obtaining Value in Public Procurement. "We strongly believe that increasing the efficiency, fairness, and transparency of the expenditure of public resources is critical to sustainable development and
the reduction of poverty. Efficient public procurement systems are essential to the achievement of the development objectives of the Government of Ethiopia," Director General Tsegaye Abebe of Ethiopia's Public Procurement and Property Administration Agency (FPPA) stated at the workshop's opening ceremony. "I would like to applaud USTDA for initiating this partnership arrangement with the Government of Ethiopia in the area of public procurement, which has become increasingly important for the country's development endeavor." In July a Memorandum of Understanding (MOU) was signed with the FPPA to formalize cooperation under the GPI. The partnership was announced during
President Obama's recent visit to Ethiopia. A second phase of assistance is planned for the spring of 2016, when USTDA will sponsor a group of senior Ethiopian procurement officials for follow-on training in the United States. The goal of the GPI is to provide partner countries like Ethiopia with the access, opportunity and support they need to structure sound infrastructure tenders that can foster sustainable economic growth.
About USTDA: The U.S. Trade and Development Agency (USTDA) helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies.
85 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Initiative for Global Development’s Forum Focuses on Africa’s Private Sector
rom October 19-21, delegates from Africa’s top businesses and global CEOs convened in Washington, DC for the Frontier 100 Forum. The forum is sponsored biannually by the Initiative for Global Development (IGD); a U.S.based not for profit organization that focuses on engaging the networks of leading global businesses from the U.S., Africa, and other regions to promote economic growth and alleviate poverty in Africa through strategic business investments. The theme of this year’s forum was “African Business in the World-Class Space”, which focused on the rising influence of homegrown African businesses and their increasing importance to regional and global economies. As African businesses continue to forge paths towards sustained economic growth continentwide, it’s
no wonder that nine of the world’s 15 fastest growing economies are in Africa. Highlighting this trend in more depth, panel discussions during the forum examined the comparative advantages of African companies, prospects for foreign investment and technological advancement and the evolving nature of the African business landscape. The forum also highlighted the need for a strong commitment from non-African Businesses to undertake the necessary steps toward investment transformation across the continent. These include prioritizing private sector collaboration, and promoting engagement in financing innovation mechanisms in Africa. In addition, forum participants focused on broadening the spectrum of job opportunities for youth and women
graduates in Africa. African-bred businesses now reportedly account for 80% of jobs in African nations, and represent the potential to be dynamic economic engines across the continent. While this trend is promising, African business leaders are faced with a myriad of challenges including nonenabling business environments, which may lack proper regulations, have inadequate access to financing or struggle to produce a large and sufficiently skilled workforce. The ability to develop innovative solutions for growth in the face these challenges is critical if we are to see these upward trends continue. www.igdleaders.org
86 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
GHANA—2016 CULTURAL HOME GOING & BUSINESS OPPORTUNITY TOUR Come join me on a magnificent journey through the amazing lands of West Africa. Experience Ghana in all of its splendor - from the mélange of its traditional and modern history, to the diversity of its culture and languages, to the warmth and hospitality of the Ghanaian people.
$3,500* USD June 18—30, 2016 Dominique DePirma
13 Days and 9 Nights with Airfare *Double Occ.
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CULTURAL EXPERIENCE AWAITS YOU Experience Accra’s colonial and contemporary architecture See the colorful harbor below the Cape Coast Castle Follow the path that the slaves took from the dungeons to the “door of no return” Participate in a African Naming Ceremony Learn about the mighty Ashanti Kingdom Shop for authentic arts and crafts
Host –Front Page 102.3 KJLH African Focus Cultural Ambassador
BUSINESS OPPORTUNITIES xSolar Energy xWaste management xAgriculture and farming xOil and gas xICT xFood production xTransport services xReal estate xTourism xParticipate in 2 Business
Opportunity Workshops Cape Coast Slave Castle
Relax at an ocean front resort
Visit www.africanfocus.org Email: email@example.com
Mauritius Submarine Cable Project
Rwanda to Host World's First 'Drone Airport' By Collins Mwai
USTDA Trade Lead: October 20, 2015
he Government of Mauritius has expressed a commitment to affordable, ultrahighspeed internet connections for its inhabitants and businesses. In order to supplement the island's existing 17,077 Mbps of international connectivity, improve network resiliency, and provide route diversity, the government intends to build a third submarine fibre optic cable serving Mauritius and the Island of Rodrigues. The additional bandwidth provided by the cable would support high valueadded ICT activities such as data hos hosting, disaster recovery centers, cloud computing services, and financial and accounting outsourcing activities. These types of industries would align with the Government of Mauritius' goal of transforming to a service-based economy by 2020. Mauritius' Ministry of Technology, Communication, and Innovation established a Steering Committee of public and private stakeholders to lead the development of the submarine cable project. The Steering Committee is soliciting Expressions of Interest to gauge the interest of potential investors that could provide capital for the project. The Steering Committee anticipates the total investment required for the 2,000 km cable will be between $70 million and $100 million. Link for more information: Ministry of Technology, Communication, and Innovation of the Government of Mauritius (http://mtci.govmu.org/English/Documents/safe/ Third%20Submarine%20Cable.pdf)
Proposal Deadline: Monday, November 9, 2015 by
he government has moved to set up a regulatory framework for remotely piloted aircraft, popularly referred to as 'drones,' following investor interest to establish the world's first drone airport (drone port) in the country beginning next year. Last month, Norman Foster, a renowned British architect, expressed interest by his firm, Foster + Partners, alongside business partners to build the world's first drone port in the country to facilitate transport of urgent medical supplies and electronic parts to remote parts of the region using drones. http://allafrica.com/stories/201510080215.html
1:00 UTC+04:00 Point of Contact: The Permanent Secretary Ministry of Technology, Communication and Innovation Level 4, New Government House Port Louis Republic of Mauritius Email: firstname.lastname@example.org or email@example.com About USTDA: The U.S. Trade and Development Agency (USTDA) helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. Learn more at: www.ustda.gov.
88 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Drone Journalism Takes Off to Give Kenyans a New View By Matthew G. Thomas
he pilot African SkyCAM project funded by the Africa News Innovation Challenge is using these unmanned aerial vehicles (UAVs) in Kenya, and a follow-up initiative, africanDRONE, is planned to agree safe community standards for 'drone journalism' across Africa. Filming from a high vantage point helps bring a sense of scale to stories that might otherwise be unavailable to journalists in developing countries, says Dickens Olewe, African SkyCAM's founder. "Many African media cannot afford to buy or hire helicopters to cover fast-moving stories," says Olewe, also a journalist at Kenyan newspaper The Star. "UAVs aid storytelling from a new perspective." African SkyCAM sprang from Olewe's observations of how traditional news media covered disasters such as flooding. Journalists would row boats into flooded areas, he says, "risking life and equipment". The low cost of drones and digital cameras now potentially allows journalists to cover such events
with little risk to themselves or their equipment. Olewe says many African newsrooms must rely on military or police vehicles for aerial reporting, which can compromise editorial independence.
Public concerns Ben Kreimer, a member of the Drone Journalism Lab at the University of NebraskaLincoln, United States, who has collaborated with African SkyCAM, tells SciDev.Net: "The main barriers [for drone journalism] are public trust, misconceptions about what a drone is and a lack of legislation, or clear legislation. But these are barriers everywhere. "When most people think of drones, they think of military and surveillance aircraft, not a remote control quadcopter, which looks like a flying iPod that I can set on my hand." He adds: "When I speak to someone for the first time, I generally refer to my UAV as a flying camera." By collaborating with conservationists and putting
examples of the African SkyCAM project's work on a website, Olewe hopes people will see the value of drone journalism.
Fearing blanket ban Kenya currently lacks regulation on civilian drone use, allowing anyone to operate them, says Olewe. He thinks this situation could threaten projects such as African SkyCAM, since "some hobbyist might end up ruining the space for everyone". Despite the lack of regulation they still need approval to use the air space. And Olewe tells SciDev.Net that the Kenyan government has stopped two drone projects already (one focused on rhino conservation and another one on transport) that "were controversial because their planned area of operation was near military barracks". "I am concerned that, with no guidelines, the government might impose a blanket ban after an incident," he says.
See an African SkyCam video on a Kenyan wildlife sanctuary. www.youtube.com/ watch?feature=player_ embedded&v=uH1gHrKIcyw Later this year, Olewe is due to begin a fellowship at Stanford University, United States, to develop a drone journalism association called africanDRONE. Olewe says the community will aim to agree on standards for safety, operations, training and engagement with governments across Africa. In the short term, Olewe plans to bring drone journalism to Mozambique and Namibia. http://allafrica.com/ stories/201408201710.html
89 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Africa International Business Forum Atlanta Powered by: African Leadership Magazine
Wednesday November 11, 2015 at 9:00 AM WAT -toThursday November 12, 2015 at 4:00 PM WAT The Westin Atlanta Perimeter North 7 Concourse Parkway NW, Atlanta, GA 30328 As several leading African companies and their US counterparts register for the upcoming 3rd US - Africa International Business Forum, billed for 11 - 12 November 2015, at the Westin Perimeter North, Atlanta Georgia, we invite you to take advantage of the early bird opportunity and register TODAY! This forum shall offer unrivaled networking opportunities, buyer-seller meets, oneon-one session with US officials on export import financing opportunities between the US and Africa, exhibitions, presentations from leading US and African business leaders, senior African states and regional government officials and Governors on investment opportunities in their domains, and lots more. To participate at this business forum, please register today at: https://events.r20.constantcontact.com/register/eventReg?oeidk=a07ebgmdr1w4fdc0 83c&oseq=&c=20d48d30-cdcc-11e3-8eed-d4ae52806b34&ch=21e6e790-cdcc-11e38f00-d4ae52806b34. For more information on how to participate at this business forum as a panelist, speaker, exhibiting company or sponsor, please contact Simon on +234 902 990 3000 or firstname.lastname@example.org. we look forward toseeing you in Atlanta. The Team African Leadership Magazine email@example.com +234 902 990 3000
90 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
ShopAfrica53, An SMSBased Shopping Service for Africa By TechLoy Reporter
hopAfrica53.com is a Ghanabased shopping service that allows merchants to promote their products and customers to shop and pay via SMS from their mobile phones. Founded by Ghanaian software entrepreneur, Herman Chinery-Hesse, the company uses a new payment processing system, African Liberty Card (http://simply-theatre.com), that allow customers to load a set amount of money in form of recharge cards into their mobile phones, and use it to shop for products via SMS. Products are delivered to customers anywhere in the world through international c o u r i e r companies such as DHL and Fedex. Through its logistics partner, Ghana-based BKB Logistics, customers can track their orders from date of placement to delivery date. Chinery-Hesse clients are mainly SMBs. To attract them, he stopped doing annual contracts and instead earns a small percentage of every completed project. All this is the beginning of a new strategy. “In order to change Africa, you need to change most Africans. You need to go after the base of the pyramid,” he says. “At least the part where small businesses dwell.” ShopAfrica53, which is sort of like an eBay whose objective is to “serve as intermediary for small enterprise.” A site is specifically designed for each country that allows merchants to promote products and customers to buy them. All transactions are made by
SMS. Due to the lack of a developed banking network, Chinery-Hesse had to create a new credit system, African Liberty Card – scratch cards he produces and distributes himself. They allow customers to instantly load a set amount of money onto their mobile phone. ShopAfrica53’s third pillar is logistics. The service is entirely run by traditional couriers (DHL, Fedex, etc.). “They know how to find a package in the bush and get it Toulouse,” he said. “I have no reason to worry about it.” The cost of these operations is financed by “the difference in salaries between Africa and Europe or the United States.” He recognizes that a certain amount of time is needed for his project to become a major force. Perhaps five years, but “it will be more effective than any type of aid would be in that time-frame. I don’t know of any country that developed through aid. We’ll do it better and, what’s more, we’ll do it with dignity.” http://techloy.com/2012/01/24/shopafrica53-an-sms-basedshopping-service-for-africa http://thenextweb.com/entrepreneur/2012/01/24/africas-billgates-launches-shopafrica53-a-continental-enterprise
91 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Returning to Africa? African Repatriation is an invaluable online resource for any African national who is thinking about returning to Africa. Our industry articles and specialist editorials provide the latest sector information. Why not find out for yourself and become a part of our growing community today? www.africanrepatriation. com
Career Opportunities in Africa Search and apply online for the latest vacancies in Africa with African Talent. We provide candidates and employers with the tools and resources needed in today’s competitive job market. For employers, we offer numerous options to feature your jobs in Africa and for candidates, reviewing the most recent job vacancies in Africa is a fast, easy process. Uploading your CV is simple and takes just a few moments. www.africantalent.com 92 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Thursday Blues at Uncle Darrow‛s High Noon-2pm Every Thursday
Come by for lunch and relax to blues & jazz from our house band! 2560 S. Lincoln Blvd. Marina del Rey North East corner of Washington & Lincoln
“LA Times Magazine favorite cajun food”
www.uncledarrows.com 93 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Tell the US Government that North Africa is Africa Too!
oin with and support the United Africa Organization’s campaign to petition the U.S. Department of State to include the whole African continent under its Bureau of African Affairs.
Why? The State Department’s Bureau of African Affairs, led by Assistant Secretary Johnnie Carson, currently excludes Algeria, Egypt, Libya, Morocco, Tunisia and Western Sahara from its agenda. Instead, the aforementioned countries are grouped with the Bureau of Near Eastern Affairs, together with Iran, Iraq, Israel and others. This artificial distinction between North Africa and the rest of Africa
negatively impacts US foreign policy relations throughout the entire continent of Africa. We unequivocally reject the argument that North African countries are outside the scope of African affairs. North Africa is geographically and historically part of the African continent, and all fifty-three (53) independent African states, including North African countries, are represented in the African Union (AU). It would be far more productive for the State Department to engage with the entire continent of Africa, including North Africa, under its Bureau of African Affairs. We are one Africa, from the Cape to Cairo, indivisible and bound together! Therefore, no square inch of African
land should be excluded from African affairs.
Sign The Petition!!! Go to www.change.org/petitions/ one-africa-tell-us-state-departmentthat-north-africa-is-part-of-africa and sign the online petition to support this important proposition. Next tell everyone you know to sign.
Cultural Interiors West &
Cordially Invited Cultural Interiors West 5573 West Pico Blvd. Los Angeles, CA 90019 Experience our exciting array of products from Cards to Cupcakes, African Masks, Asian Teacups, Healthy Herbal Teas, Gourd Purses, Candles, to Furniture
Artwear Handpainted Handbags, Skirts, Tees, Accessories, Calendars, Wall Hangings & More! http://gbabysworld.blogspot.com Gbabyartwear@hotmail.com or Gbabyart345@gmail.com Find Gbaby Products at the “Collective” http://www.atthecollective.com 280 Elizabeth Street, Atlanta, GA
Hope to see you soon!!! In the meantime visit us on Facebook www.facebook.com/pages/CulturalInteriors-West/140688362658236
Locations: Downtown Culver City: 9537 Culver Blvd. 310-202-5453 City of Compton: 2600 E. Alondra Blvd. 310-638-7871 www.honeyskettle.com Open Sunday-Thursday 11am-10pm Friday-Saturday 11am-11pm
100 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Baron's Painting & Decorating Service Baron Williams
30 Years of Experience in the Greater Los Angeles Area Specializing in Exterior and Interior Painting, Tiling, Linoleum Flooring, & Wall Paper
"I will paint any one story building or house for $2,500 satisfaction guaranteed."
Krispy Kruchy Chicken is in the Baldwin Hills Crenshaw Plaza, Los Angeles. Krispy Krunchy Chicken is a cajun-style chicken (bone-in and tenders), served fresh, never frozen and fried in zero trans fat oil. Their menu also includes signature dishes of Traditional Wings; Krispy Wings; Cajun Sweet & Sour Wings; Cajun Tenders; Red Beans and Rice; Jambalaya; Boudin Bites (Cajun rice balls); Krispy Shrimp and Honey Butter Biscuits. For additional information, please call Krispy Kruchy at 1-323-293-3332 or visit www. krispykrunchy.com. 102 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
103 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819 1-78 17819 19
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This magnificent handcrafted concert grand is a "Best of" in terms of sound, new technology, beauty, and construction. Massively well-built to withstand the rigors of intense concert performances without compromise, the SHADD Concert Grand is a coveted treasure for pianists and collectors. With a rich voluminous sound that performs true to all genres of music, this phenomenal instrument has a rare diversified ability to play from the softest whisper with pure clear sound to a major roar with a bass section exuding an abundance of power and resounding singing sensations.
Try all 3 flavors!
In your local grocery store or shop online for syrups, recipes, and books. Learn about our special projects and join the recipe contest.
MICHELE FOODS, INC. 1-708-331-7316 www.michelefoods.com
107 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Bernahu Asfaw & Getahun Asfaw
1041 S. Fairfax Avenue, Los Angeles, CA 90019 323-938-8827 or 323-938-8806 • Fax: 323-932-6047 firstname.lastname@example.org • www.messob.com
Open 7 days a week • 11am - 11pm
Parker House Sausage (www.parkerhousesausage. com) was started by Chicago entrepreneur, Judge H. Parker who came to Chicago from Montgomery County, Tennessee with little more than the conviction that there was a potential market for homemade sausage products prepared according to his motherâ€™s recipes. By 1919 Judge Parker began selling his unique blend of herbs and spices mixed with flavorful, savory sausage from a horse drawn cart on a retail basis. Recognized as one of the oldest family owned businesses in the U.S. In 2014 Parker House expanded its product line to include chicken products including breakfast sausage, hot links, and smoked sausage.
ZIMBABWE GALLERY 1-484-459-6625 email@example.com www.shonasculpture.com @ZimbabweGallery www.facebook.com/Zimbabwe Gallery
PHIPPS PLAZA 3500 Peachtree Road, Atlanta, GA 30326
GREENBRIAR MALL 2841 Greenbriar Pkwy SW, Atlanta, GA 30331
SHOP ONLINE! //shop.parkerhousesausage.com
We invite you to browse through our store and shop with confidence. Need a dinner idea. Go to the Recipe Page on our website. Thanks for visiting!
The Economic Turn Around in the USA is in Our Hands •Buy Products Made or Assembled in the USA •Hire One New Employee •Eat an Extra Meal Out Each Week •Start/Grow a Business to Generate Wealth & Jobs
Buy Black Save Black Invest Black 111 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Eso Won Books African American Books 4327 Degnan Boulevard Leimert Park, Los Angeles
Give the Gift of Books and Music G Come see our unsurpassed collection of books, music, videos, children’s books, and games!
www.esowonbookstore.com //esowon.booksense.com for Calendar of Events
114 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
New Location Leimert Park Village 3347 W. 43rd Street Los Angeles, CA 90008 1-323-299-6383 www.zambezibazaar.com shop@ zambezibazaar.com
115 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Books to Consider
Books to Consider... Between the World & Me by Ta-Nehisi Coates
n a profound work that pivots from the biggest questions about American history and ideals to the most intimate concerns of a father for his son, TaNehisi Coates offers a powerful new framework for
world through a series of revelatory experiences, from Howard University to Civil War battlefields, from the South Side of Chicago to Paris, from his childhood home to the living rooms of mothers w h o s e children’s lives were taken as American plunder. Beautifully woven from personal narrative, reimagined history, and fresh, emotionally charged reportage, Between the World and Me clearly illuminates the past, bracingly confronts our present, and offers a transcendent vision for a way forward. www.amazon.com/Between-World-Me-Ta-NehisiCoates/dp/0812993543
Femme Noir: Ta-Nehis Coates understanding our nation’s history and current crisis. Americans have built an empire on the idea of “race,” a falsehood that damages us all but falls most heavily on the bodies of black women and men—bodies exploited through slavery and segregation, and, today, threatened, locked up, and murdered out of all proportion. What is it like to inhabit a black body and find a way to live within it? And how can we all honestly reckon with this fraught history and free ourselves from its burden? Between the World and Me isTa-Nehisi Coates’s attempt to answer these questions in a letter to his adolescent son. Coates shares with his son—and readers—the story of his awakening to the truth about his place in the
Bad Girls of Film by Karen Burroughs Hannsberry
hat could be more unsettling than the steely look on Gene Tierneys face as she watches her young brother-in-law drown in Leave Her to Heaven? Or Barbara Stanwycks voice in Double Indemnity as she coolly tells her lover that it is straight down the line for both of us in their plot to murder her Karen Burroughs Hannsberr
118 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
husband. Though often thought of as primarily male vehicles, films noirs offered some of the most complex female roles of any movies of the 1940s and 1950s. Stars such as Stanwyck, Tierney and Crawford produced some of their finest performances in noir, while such lesser known actresses as Peggie Castle, Hope Emerson and Helen Walker made a lasting impression on moviegoers with their roles in the genre. These six women and 43 others who were most frequently featured in films noirs are profiled here, focusing primarily on their work in the genre and its impact on their careers. A filmography of all noir appearances is provided for each actress.
a marinade for collard greens that will eliminate the need for fat back, or cutting down on preparation or cooking time for a family favorite. Featuring 150 recipes, Home Plate Cooking celebrates home cooked southern meals in a way southern recipes have never been presented before. "I started challenging myself six or seven years ago to prepare tasty cuisine that reflected my heritage and influence but to alter it so that people could eat it more than once a week and not have to worry about suffering from high blood pressure in every bite," Woods said. In Home Plate Cooking, Woods shares recipes for delicacies such as: • Cheddar Grits Soufflé • New Southern Chicken & Dumplings • Carrot Apple Slaw • Cheddar Cornbread • Okra & Tomatoes • Bourbon-Baked Ham • New Orleans Barbecued Shrimp • Pecan Sandies • Upside-Down Apple Cake www.amazon.com/Home-Plate-Cooking-Everyday-Southern/dp/ B000F6Z4O6/ref=sr_1_1?ie=UTF8&s=books&qid=1199469201& sr=1-1
www.amazon.com/Femme-Noir-Bad-Girls-Film/ dp/0786404299/ref=sr_1_1?s=books&ie=UTF8&qid= 1446343147&sr=1-1&keywords=karen+hansberry
Home Plate: Everyday Southern Cuisine with a Fresh Twist by Chef Marvin Woods
othing says the South more than its unique food and various cooking styles. Southern recipes are cherished heirlooms passed down from generation to generation and Home Plate Cooking shows how to prepare the same recipes your grandmother used to make, while sharing fresh versions of the same food. That could mean preparing 119 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Week (GEW) will be its largest celebration of entrepreneurship yet, with events in 160 countries. From November 1622, roughly 10 million people will take part in the eighth annual celebration, recognizing and supporting entrepreneurs from around the world. w w w. g e w. co.
12th Annual Procurement Exchange Summit Taking place at the LA Hotel Downtown, the Summit offers opportunities for matchmaking, learning through workshops and attending the awards luncheon. One-On-One networking sessions with financial institution representatives and technical service providers will provide attendees with financial services information that will help them secure a business loan. For particiation information visit www.bbala.org.
18th-24th MED Week October 18 through October 24, 2015, has been proclaimed as Minority Enterprise Development Week. All Americans should celebrate this week with appropriate programs, ceremonies, and activities to recognize the many contributions of our Nation's minority enterprises. For detailed event information visit www.mbda.gov.
November 2nd-5th US-Africa Business Summit 2015 More than 1,000 private sector and government representatives from
Africa, the United States, Europe, Asia and the Middle East will convene in Addis Ababa, Ethiopia with the common goal of networking and expanding their knowledge on investment opportunities. For particiation information visit The Corporate Council on Africa website at www.summit.africacncl.org or #AfricaBizSummit.
16th-22nd Global Entrepreneurship Week 2015 Global Entrepreneurship
Fe b r u a r y 2016 26th BBA Annual Awards Dinner Taking place at the LA Hotel Downtown, the awards dinner will highlight the achievements of African American entrepreneurs and the government agencies and corporate entities that provide positive supports for African American businesses. For particiation information visit www.bbala.org.
March 26th BBA Salute to Black Women Taking place at the LA Hotel Downtown, the business conference, vendor faire and awards luncheon will be presented using the theme "Working to Form a More Perfect Union." For particiation information visit www.bbala.org.
120 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819
Resources Media/Information Africa Interactive Multimedia Press/Content Agency in Africa www.africa-interactive.com Africa World Press Books www.africaworldpressbooks.com African Trade Magazine www.africantrademagazine.com African Vibes Magazine www.africanvibes.com The Africapitalist www.tonyelumelufoundation.org/ africapitalisminstitute/africapitalist-magazine The African World www.theafricanworld.tv Africast TV www.africast.tv Afritorial www.afritorial.com www.facebook.com/Afritorial AllAfrica http://allafrica.com Black Wall Street Times http://bwstimes.com Black Business News Group www.blackbusinessnews.net BlackPast.org www.blackpost.org Black Press USA www.blackpressusa.com BridesNoir www.bridesnoir.com The Chocolate Voice www.thechocolatevoice.com CuisineNoir www.cuisinenoirmag.com DiasporaVoice www.blogtalkradio.com/diasporavoice Publish Africa http://wow.gm/publishafrica Rock Me Africa //rockmeafrica.com YouTube Educational Channels http://teacherswithapps.com/197-educational-youtube-channels-know World Library www.worldlibrary.org
http://africaleadership.org The African Union www.au.int/en Black Business Association www.bbala.org CauseCast www.causecast.com www.causecastfornonprofits.com Pan African Film Festival www.paff.org United African Organization http://uniteafricans.org Zambia-USA Chamber of Commerce www.zambiausachamber.org
Investment/Development Africa Reports www.africareports.com African Development Bank www.afdb.org African Export-Import Bank //afreximbank.com/afrexim/en AfrigadgetTV www.afrigadget.com Disrupt Africa http://disrupt-africa.com/ The Exchange Magazine www.nse.co.ke Silicon Harlem http://event.siliconharlem.net Ventures www.ventures-africa.com
U.S. Government Commerce Department www.doc.gov International Trade Administration http://trade.gov Minority Business Development Agency www.mbda.gov Power Africa www.usaid.gov/powerafrica Small Business Administration www.sba.gov State Department www.dos.gov Trade Africa www.usaid.gov/tradeafrica White House www.whitehouse.gov
Organizations Africa Leadership Forum 122 October 2015 Black Business News www.blackbbusinessnews.net 1-323-291-7819