Jeffrey McKinney
Freelance Business Writer at Black Enterprise
Articles
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1 week ago |
blackenterprise.com | Jeffrey McKinney
June is an optimal time to appraise your savings and financial goals before 2026 arrives. That mid-year point can help you see if you are reserving or investing cash in what you have planned since January. It can assist you with identifying and adjusting any personal financial goals if needed and help you avoid any negative moves during the next six months.
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2 weeks ago |
blackenterprise.com | Jeffrey McKinney
Accumulating much-needed capital to flourish remains a massive obstacle for Black founders. Just 0.4% of start-up funding in 2024 went to Black-led firms, per this report. As such, only $730 million out of that funding, totaling $314 billion last year, reached Black business owners. The good news is that entrepreneurs can now pursue $1 million to scale their business and get it market-ready.
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4 weeks ago |
blackenterprise.com | Jeffrey McKinney
Scores of Black Americans most likely won’t find much pretty about President Donald Trump’s new budget bill, as they could be walloped financially if it becomes law. Formally called the “One, Big, Beautiful Bill,” the 2025 legislation calls for an extensive multi-trillion-dollar bundle of tax cuts and spending rollbacks that could be hideous for Black people.
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1 month ago |
blackenterprise.com | Jeffrey McKinney
A push to boost entrepreneurship in their communities, an appetite for self-employment, and a chance to perhaps bag more money are some factors why Black franchising is in demand. Per this account. the International Franchise Association (IFA) declare Black franchise ownership has risen by 40% in the last 10 years. To boot, roughly 26% of franchises are owned by people of color, versus 17% of independent businesses usually. Franchising can be fruitful for Black entrepreneurs.
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1 month ago |
blackenterprise.com | Jeffrey McKinney
New data shows that economic and market uncertainty fueled by tariffs is hurting the ability of Black Americans to save for retirement more than other groups. Some 43% of Blacks are more inclined to have accessed their employee-sponsored retirement plan benefit, compared to 27% for whites and 4% for Hispanics. Thirty-eight percent of Blacks now want to save extra money for a possible emergency, versus 23% of whites and 22% of Hispanics.
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