Today's News Bytes: 241 Cosmetics And Brown Venture Group

Twins From War Torn Region Come To US And Start Successful Beauty Brand Company

Learn how Feven and Helena Yohannes, the founders of 241 Cosmetics are changing the game in cosmetics.  The twin visionaires have developed a line of "hypoallergenic, cruelty-free, paraben-free lipsticks and lip glosses, eyeshadows, and eyeliners."  According to ShoppeBlack.

The ambitious twin sisters, who were once political refugees, are now successful owners of a cosmetic company.  How did these 2 sisters leave a war torn region in Africa to become the successful business owners of 241 Cosmetics? 

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Discover How The High Tech Dream Exchange Looks To Become The 1st Black-Owned Stock Exchange

Dream Exchange to become the first Black-controlled stock exchange uniquely focused on increasing participation in public capital markets across all diverse sectors of society.

Dream Exchange Selects MEMX To Provide Proven Exchange Technology for New Exchange

Dream Exchange announced that they have reached an agreement for MEMX to provide services and technology for Dream Exchange. Dream Exchange, once fully established, will operate a unique set of exchanges that span all corporate capitalization sizes, forming an effective bridge for small and mid-cap companies to access public capital markets. The Dream Exchange is establishing a National Market System (NMS) Exchange and plans to operate a Venture Exchange pursuant to proposed legislation under the Main Street Growth Act (HR 5795, SB 3097).

 

Joe Cecala, Founder and CEO of Dream Exchange said, "Our agreement with MEMX is a significant milestone that will enhance the simplicity and efficiency of our future exchange operations and will allow us to concentrate on execution while collaborating on our plans to expand access to public market capital. We believe that the future of exchange technology and public market capital formation are joining forces through the foresight of the MEMX and the Dream Exchange leadership."

"From the outset, we were inspired by Dream Exchange's unique mission and we are pleased to provide our exchange technology services to them. Their selection of MEMX as an exchange technology provider is a strong endorsement of our architecture and operations and we look forward to working with them to achieve their goals," said MEMX CEO Jonathan Kellner.

Get The Scoop On How Business Leader Phil Andrews Brings 100 Black Men Of America Inc. To Eastern NY

100 Black Men of America, Inc. Grants
100 Black Men of Eastern New York, Inc.
Charter Membership

Photo Above: (L to Right) Thomas W. Dortch, Jr., Chairman of 100 Black Men of America, Inc., Phil Andrews, Founding President of 100 Black Men of Eastern New York, Inc., Hon. William B. Wise, Trustee Village of Westbury, and Member of the 100 Black Men of Eastern New York, Inc.

New York, New York — 100 Black Men of America, Inc. grants 100 Black Men of Eastern New York, Inc. Charter Membership in New York. The 100 Black Men of Eastern New York, Inc. was incorporated on December 27th, 2021 in New York State. The organizers have a long history of community engagement in Downstate, New York. area, and it's founder Phil Andrews, was selected by the New York District Office of the United States Small Business Administration as the 2019 Small Business Champion for 14 Counties in Downstate, New York.

100 Black Men of America, Inc. grants new chapter charter to 100 Black Men of Eastern New York, Inc. on December 10th, 2022 in Atlanta, Georgia.

100 Black Men of Eastern New York’s mission is to serve the African American Community in Eastern New York in the areas of Education, Health and Wellness, Advocacy, Mentoring, and Community Development, Leadership Development, and Economic Empowerment.

Founding President: The Founding President of the 100 Black Men of Eastern New York, Inc. Phil Andrews, has appeared on WABC Here and Now, NBC’s Positively Black, and was featured in Black Enterprise Magazine as a BE Modern Man. He has served as a Past President of a local chapter of 100 Black Men of America, Inc. as a two-term president.

He is also the Founding President of the African American Small Business Foundation, Inc. which supports the programs and activities of the Long Island African American Chamber of Commerce, Inc.  The foundation is a 501 c 3 tax-exempt organization.

United States Black Chambers, Inc. Names New York State's Largest Black Chamber LIAACC Spoke of the Month August 2022

The Long Island African American Chamber Of Commerce (LIAACC) Is Named Spoke Of The Month By US Black Chambers, Inc.

United States Black Chambers, Inc. names New York State's largest black chamber LIAACC, Spoke of the Month August 2022. The Long Island African American Chamber of Commerce, Inc. serves the four counties of Kings, Queens, Nassau and Suffolk.

The USBC Community Economic Development Corporation (USBC CEDC), providing services to the U.S. Black Chambers, Inc. and Long Island African American Chamber of Commerce, Inc. was awarded $5 million from the U.S. Small Business Administration’s (SBA) Community Navigator Pilot Program.

The grant, awarded to 51 applicants nationally, is part of a $100 million initiative to help reduce the barriers that underrepresented and underserved entrepreneurs face in accessing the programs and services that they need.

Checkout How Dr. Cameka Smith Helps Raise $1.5M in Funding for Black Woman-Owned Businesses

DR. CAMEKA SMITH MAKES HISTORY, RAISES $1.5 MILLION IN FUNDING FOR BLACK WOMAN-OWNED BUSINESSES

Dr. Cameka Smith, CEO and Founder of The BOSS Network, an online community of professional and entrepreneurial women who support each other through digital content, programs, and event-based networking, continues to support the success of Black women entrepreneurs as it celebrates its 14th anniversary.

In addition, she has partnered with Sage, the global market leader for technology that provides small and medium businesses with the visibility, flexibility, and efficiency to manage finances, operations, and people, for the launch of the Sage “Invest in Progress” Grant Program, a $1.5 million dollar commitment to Black woman-owned businesses for over three years.

As Black business ownership continues to grow in the U.S., Black women entrepreneurs are experiencing an increasing rise despite a challenging economic forecast.

Smith launched the organization to promote and encourage the small business spirit and career development of women of color. Under Smith’s leadership, The BOSS Network (which stands for “Bringing Out Successful Sisters”) has become one of the fastest-growing women’s communities.

Do Blacks Need New Insights And Tools To Empower Them For Economic Growth?

Systemic Financial Racism Requires Greater Insights And Smart Tools To Build Black Wealth

Photo Credit Christina at Upsplash

By Kamau Austin, Publisher Scoop Publications

In June, 2022 a compelling meme circulated on Facebook alluding to the 400-year head start whites have over Blacks in the US economic system.  It was ironic in that it was being shared in a Black group on a social media platform with a leaning towards conservative "pull yourself up by your own bootstraps" types.  Even Black conservatives, like others in the society, too often regurgitate the usual ole tropes about Blacks.

This Meme On Social Media ignited negative tropes about Black people. 

For instance the following are some stereotypical tropes perpetuated by Black conservatives or financial coaches about the lack of Black financial success:

• Blacks can't achieve financial literacy because we're trying to achieve acceptance with consumerism.
• Blacks don't achieve wealth because we don't understand investments and buy real estate.
• Blacks aren't knowledgeable or disciplined in terms of credit. 

These tropes, while having some truthful claims about some Blacks, puts the onus of the present inequality in wealth concentration between whites and Blacks squarely on clueless or undisciplined African Americans.  These stereotypes side step the fact Blacks, in the past and presently, are fighting systemic economic racism, marginalized business ownership, and industry isolation.

It should be obvious individuals can't beat systems by themselves so financial literacy should evolve beyond just having insights on getting a mortgage, Debt to Income (DTI) ratios, and investing in stocks and bonds.  Financial literacy for Blacks should also extend to new technical tools, political, social, and economic advocacy to gain more economic empowerment and collective wealth creation.

Timothy Griggs, a Black real estate investor and mortgage broker is extremely concerned about Blacks and other financially marginalized people getting access to wealth building knowledge and systems.  He's been inspired to help people have technical access to manage their credit and finances.

Griggs, an African American, is a pioneer among a growing number of techno-preneurs looking to harness the communication prowess of digital media and platforms to help put Blacks and wealth seekers on the road to affluence.  He has developed The Good Stewart (TGS) financial system to help those seeking more control and also to understand the ways to improve their credit score and overall wealth.

Timothy Griggs Developed The TGS financial App To Help Manage Credit

His tech innovation is a timely tool for those looking to drive insightfully on the road to financial success. But why is credit, wealth creation, and financial disparities such an important focus for entrepreneurs like Timothy Griggs?

Let's review a small synopsis of systemic racism in the past and moreover - present times that contributes to the lack of Black wealth. Let's touch on some solutions beyond the typical ones floated to develop more Black economic development...

Learn How Timothy Griggs Developed The TGS App To Demystify And Manage Your Credit Score

Innovative App De-Mystifies Debt-To-Income Ratios Helping To Enhance Your Credit Scores

By Kamau Austin

Timothy Griggs, an accomplished entrepreneur in mortgages and real estate, is troubled with how debt hinders or marginalizes even his potential high income clients looking to buy real estate.  According to an Oct 2019 article Of Make It On CNBC "Real estate is still the best investment you can make today, millionaires say...".  Timothy is moved to create a tech solution to current credit and wealth creation problems.

Griggs is the Founder of The Good Steward, financial system (TGS), a mobile app that helps subscribers keep on top of their financial affairs.  He is a mortgage broker with over 20 years experience and real estate investor.  And his tech innovation is a timely tool for those looking to drive insightfully on the road to financial success.

Griggs often alludes to the fact that whether you are looking to buy your 1st home or rental properties you have to watch your debt-to-income ratio (DTI).  Of course developing a good debt-to-income ratio is essential to utilizing a viable credit score and therefore geared towards buttressing financial success for most of us in the process.

However, understanding the protocols and algorithms on credit scores and debt-to-income ratio calculations is a mystery to many people. Nevertheless, app visionary Timothy Griggs, looks to demystify and harness the protocols and algorithms that inform debt-to-income ratios, credit scores, and ultimately mortgage/loan approvals to empower you towards your financial goals.

However, before we can truly appreciate what Timothy Griggs, and his TGS app, brings to the table let's take a look at how debt can hurt or help you.