Business - Page 3

Howard Alum Chequan Lewis to Deliver Executive Lecture at Howard University School of Business

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By Brittany Bailer The Howard University School of Business will launch its annual Executive Lecture Series with a visit from Crunch Fitness President and Howard alum Chequan Lewis (B.A. ’05). The title of his lecture is “Legendary: Powered by Legacy.”  As president, Lewis works directly with Crunch executives and franchise partners to develop growth strategies, improve performance, and elevate the Crunch brand. He was most recently the Chief Operating Officer for Pizza Hut, where he led the operational focus of service and experience for the Pizza Hut customers and the restaurant teams serving them. He previously held other leadership roles at Pizza Hut

Morgan State University Launches Student-Managed Investment Fund

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Courtesy of Morgan State University Morgan State University, a historically Black educational institution in Baltimore, has recently launched the Student-Managed Investment Fund (SMIF), a program that provides real-world portfolio management experience to undergraduate students majoring in accounting and finance. The program allows student members to invest real money, giving them the experience needed to gain practical skills that will open the door to successful careers in finance after graduation. The SMIF was provided with $120,000 in initial funding, raised in part by Morgan State’s Graves School of Business and Management. The majority of seed funding came from students’ prior winnings

Delaware State University Launches Private Merchandise Label, Making HBCU History

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Courtesy of Delaware State University Delaware State University is breaking new ground in collegiate branding by becoming the first Historically Black College and University to distribute its own private merchandise label. Starting this week, select DSU apparel and items will be available on prominent platforms, including Amazon Marketplace and Walmart.com. This was made possible through a groundbreaking partnership with Everything Collegiate, LLC—a black-owned business based in Atlanta, Georgia. The launch of this private label marks a significant evolution in DSU’s merchandising strategy. It enables the university to control the design, quality, and variety of products that students, faculty, staff, and

HBCUs need more funding now to keep pace with digital demands

By Alcino Donadel With campus IT teams reaching Amazon-like levels of service, predictive analytics boosting student enrollment and retention, and AI yet to unlock its potential, HBCUs can no longer afford to do “more with less” in higher ed’s tech-infused environment, declares a new report from Complete College America. The nonprofit, dedicated to improving equitable college completion rates, is challenging policymakers to erase longstanding funding gaps between HBCUs and predominantly white institutions. Heavier investment, researchers argue, will help HBCUs build a digital learning infrastructure that supports the latest trends in student personalization, administrative automation and edtech solutions. “Investing in cutting-edge technology on HBCU campuses isn’t just

Apple Hosting HBCU Arts and Entertainment Accelerator Program for 50 Students

By Todd Spangler Apple is hosting 50 students from 19 historically Black colleges and universities for an immersive two-week experience as part of the Propel Center‘s arts and entertainment industry accelerator. Apple and Southern Company are the founding partners of Propel Center, launched in 2011 as a hub designed to support and advance the work of HBCUs. The organization’s 2024 Arts & Entertainment Industry Accelerator program is a year-long experience launched exclusively for HBCU students, designed to create greater diversity in the arts and entertainment industry. The Propel Center’s arts and entertainment accelerator kicks off at Tennessee State University in Nashville, Tenn., on

As holiday shopping begins, Black business owners hope shoppers don’t forget them

By Curtis Bunn April Showers (her real name), a self-described “serial entrepreneur” much of her life, looks at 2020 as a paradox. George Floyd’s murder in Minneapolis and the ensuing social justice movement across the country were “painful and exhausting. Very troubling and a moment in time we won’t forget,” she said. For a Black businesswoman, though, the subsequent impact of the protests following Floyd’s death heightened awareness of vast social inequities and inspired the #BuyBlack movement, which encouraged support of Black-owned businesses. In June 2020, Canadian fashion designer and activist Aurora James reasoned on social media that Black people represent 15% of

Black entrepreneurs and DEI efforts face complaints and lawsuits — for racial discrimination

By Char Adams Just months after the Supreme Court struck down affirmative action in higher education, conservatives have set their sights on a new target: initiatives meant to close racial disparities in business. Companies, governments and venture capitalists have been hit with complaints and in some cases federal lawsuits over the constitutionality of supporting minority- or Black-owned businesses. Ed Blum, a conservative activist who has led efforts to eradicate affirmative action in college admissions, has become part of this new fight. His group, American Alliance for Equal Rights, sued the Fearless Fund, a Black woman-run venture capitalist fund, to block the group from

Novo Nordisk will cut some U.S. insulin prices by up to 75% starting next year

Novo Nordisk will start slashing some U.S. insulin prices up to 75% next year, following a path set earlier this month by rival Eli Lilly. The Danish drugmaker said Tuesday that pre-filled pens and vials of long- and short-acting insulins will see list price reductions. They include Levemir, Novolin, NovoLog and NovoLog Mix70/30. Novo also will drop the list price of unbranded products like Insulin Aspart to match the lower price of the branded insulins. The price cuts go into effect Jan. 1. A vial of NovoLog and NovoLog Mix 70/30 will drop 75% to $72.34 from $289.36. FlexPen options will

D.C. Entrepreneur Buys Strip Mall for Black-Owned Businesses

By Angela Johnson Angel Gregorio’s specialty seasoning business, The Spice Suite, has always been about helping other Black-owned businesses. She’s hosted over 450 pop-ups for Black businesses in her Washington D.C. store. Gregorio knows first-hand how expensive it is to own commercial property in the Chocolate City. Now she’s doing her part to provide other local Black-owned businesses with an opportunity to have a brick-and-mortar space of their own. With a $1 million investment, Gregorio turned a 7,500 square foot lot in the Langdon section of Washington D.C. into a strip mall for local Black-owned businesses. And she’s calling the space Black

James Beard Foundation Shows Love to Black Restaurants and Chefs With 2023 Award Semifinalists

By Angela Johnson This week, we told you that on Yelp’s list of Top 100 Places to Eat, only five of the restaurants were Black-owned. Welp, the James Beard Awards® just announced their 2023 Restaurant and Chef Awards semifinalists and the news was much better for Black folks. The James Beard Foundation, a nonprofit organization dedicated to creating a restaurant industry where everyone can thrive, has recognized noteworthy restaurants and chefs with their highly-coveted award since 1991. This year’s standouts were chosen across 23 categories, including Outstanding Restaurant, Emerging Chef and Outstanding Bakery. Winners will be honored at the James Beard Restaurant and Chef Awards

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