Connect with us

Business

Jasmine Jones Named To 2019 Forbes 30 Under 30

THE SEATTLE MEDIUM — 2019 begins a high note for Washingtonian Jasmine Jones.

Published

on

By The Seattle Medium

2019 begins a high note for Washingtonian Jasmine Jones, whose impressive career trajectory and social activism has landed her a coveted spot in the 2019 Forbes Under 30 list in the Retail and Ecommerce category.

Jones, who is the Co-founder and Chief Operating Officer of Cherry Blossom Intimates, was inspired by her grandmother’s struggle to find appropriate intimate wear, post her mastectomy, to found the groundbreaking, first-of-its-kind breast health facility and bra boutique in Prince George’s County, Maryland, which specifically caters to the intricate needs of women in the throes of battling breast cancer, as well as its survivors. Cherry Blossom Intimates offers custom color-matched breast prosthetics made using post-mastectomy 3-D chest wall scans; breast forms, mastectomy bras and a host of other post-surgical supplies for breast cancer survivors, as well as a choice array of bras in sizes A through Q cup.

Cherry Blossom Intimates’ location was not chosen by chance, seeing as the Washington, D.C. area has the highest breast cancer and breast cancer mortality rates in the country. A 2016 District of Columbia Department of Health report revealing breast cancer is the second most commonly diagnosed cancer in the city, with Ward 8, whose population is 92% African American, having the highest incidences. In addition to carefully positioning Cherry Blossom Intimates in an area where its services are needed the most, Ms. Jones further made sure that the store provides in-house medical billing for clients who are unsure how to navigate the insurance process, all while upholding the founders’ core values of empowering survivors and bringing joy to the post-breast cancer bra shopping experience.

In addition to her entrepreneurial ventures, Ms. Jones was named Miss District of Columbia USA 2016, and is the founder of The Global Literacy Initiative, an organization that facilitates partnerships between corporations, communities and library systems, to ensure that all children have access to their local library and have books readily available in their homes.

Her advocacy work, however, has also reached the Capitol Hill, as Ms. Jones has passionately campaigned for better healthcare for breast cancer patients, specifically in their choice of post-mastectomy prosthetics, meeting with more than 20 state congressional offices to advocate the passing of bi-partisan legislation that will ensure that Medicare coverage includes custom breast prosthetics. The passage of such legislation will impact all women across the nation and will ensure that after a mastectomy, a woman has a choice in the color, shape and size of her prosthetic breast.

In 2019, Ms. Jones is expected to touch all 7 continents, seeing as she is invited to speak in venues, conferences and events around the globe about Cherry Blossom Intimates; female entrepreneurship; the customer relationship experience; and creative retailing.

This article originally appeared in The Seattle Medium

Bay Area

Vice Mayor: Business Group Wants to Buy Coliseum, Attract WNBA Team

The group will provide additional details of its effort at a news conference at 11:00 a.m. Friday at a site to be determined.

Published

on

Oakland Vice Mayor Rebecca Kaplan.

Oakland Vice Mayor Rebecca Kaplan said a local business group has made serious inroads to buy the city’s 50% stake in the Oakland Coliseum complex and to bring a WNBA team to the city.
Kaplan’s office shared a news release Monday about the effort by the African American Sports and Entertainment Group.

Kaplan said the group is in negotiations with the Oakland-Alameda Joint Powers Authority, has submitted a formal proposal to WNBA officials, and has submitted a term sheet to the city, which the City Council’s rules committee recently voted to advance to the full council for a vote.

The group will provide additional details of its effort at a news conference at 11:00 a.m. Friday at a site to be determined.

“I am pleased that there is such great interest in doing an important development at the Oakland Coliseum that will provide jobs, revenue and community positivity,” Kaplan said. “My goal is to help this process move forward before the summer recess.”

Kaplan said the group has the backing of more than 30 community groups of faith-based institutions, labor organizations, civic leaders, and job development organizations. She did not name the groups

Continue Reading

Business

Go Fund Geoffrey’s

Whether it was Paul Mooney, Faye Carroll, Sugar Pie or Jay-Z performing or whether it was Congresswoman Barbara Lee, Mayor Elihu Harris, or Kamala Harris along with many of the Bay area’s elected officials they too have come to bask in the limelight of Geoffrey’s Inner Circle.

Published

on

Geoffrey's Inner Circle

For more than 30 years Geoffrey Pete ‘s business, Geoffrey’s Inner Circle, has been a cultural hub because of its full-service restaurant, live entertainment, nightclub parties, jazz music and community special occasion events. Faith-based organizations have also rented the spacious facilities for services and concerts. Their full-service restaurant, bar and live entertainment business along with their tenants and multilevel event rental spaces have been severely interrupted and devastated by the COVID 19 lockdowns and restrictions.

Whether it was Paul Mooney, Faye Carroll, Sugar Pie or Jay-Z performing or whether it was Congresswoman Barbara Lee, Mayor Elihu Harris, or Kamala Harris along with many of the Bay area’s elected officials they too have come to bask in the limelight of Geoffrey’s Inner Circle. Now those lights are dimmed due to the economic conditions that have descended on high intensity people-contact businesses.

Thanks to a group of customers and supporters a Go Fund Me page has been opened for the public to contribute to support Geoffrey’s Inner Circle https://gofund.me/b2541419.

The Post newspaper has notified the Oakland African American Chamber of Commerce that regular articles concerning the needs of Geoffrey’s and other Black-owned Businesses will be published weekly.

Continue Reading

Business

Some Upbeat News for Black Businesses Still Reeling From Pandemic Losses

During a news briefing hosted by Ethnic Media Services last month, speakers discussed how small businesses in California and around the country can emerge from this crisis, catch the wave of what seems to be a gathering economic boom, or continue to tread water to stay afloat. 

Happy black waitress with face mask and gloves holding open sign while reopening during coronavirus epidemic./Shutterstock

Next week, after more than a year, California is expected to lift the majority of its COVID-19 related restrictions and reopen its economy at almost-full capacity. 

But as the state prepares for a long-anticipated comeback, many Black business-owners say enterprises across the state that African Americans own face an uphill road to recovery. 

“It’s a state of disrepair. They need significant support,” said Tara Lynn Gray, director of the California Office of the Small Business Advocate.  

Black-owned business operators who are struggling will need all the financial support available to them, Gray told California Black Media (CBM) at a luncheon hosted by the California Black Chamber of Commerce in Sacramento.

(Black businesses) have been disproportionately affected by COVID-19,” Gray said. “Fortunately, the governor has stepped up and provided $2.5 billion dollars in relief funds to all small businesses with priority to the disadvantaged communities of color.”

In February 2020, there were 1 million Black-owned businesses in operation around the United States, according to a University of California at Santa Cruz report.

About six weeks later, after the onset of the global COVID-19 pandemic, the number of Black business owners had dropped to 440,000, a 41%, reduction. Many of them had to shut down their businesses for good. 

During the same time, only 17% of white proprietors had to shut down their businesses, UC Santa Cruz research shows. Overall, nearly 4 million minority-owned U.S. firms, whose annual sales total close to $700 billion, shuttered because of COVID-19.

But despite the grim statistics, a number of small business advocates say there is financial help available both at the state and federal levels for most business-owners. 

During a news briefing hosted by Ethnic Media Services last month, speakers discussed how small businesses in California and around the country can emerge from this crisis, catch the wave of what seems to be a gathering economic boom, or continue to tread water to stay afloat. 

The main objective of the briefing was helping small businesses, particularly minority owned ones, connect to various sources of funding created to help them recover from the pandemic. 

The key is to apply for the money, said Everett Sands, CEO of Lendistry, a leading, Black-led Community Development Financial Institution (CDFI) and Community Development Entity (CDE) that is also a small business and commercial real estate lender. 

“Let’s make an assumption. If you are allowed to open, and you can open, then therefore you should be able to receive some type of revenue,” Sands said. “What we’ve learned about the pandemic is that most opportunities are coming a second time. If you look at the Paycheck Protection Program (PPP), it came a third time. But it is important for businesses to apply.”

The Paycheck Protection Program (PPP) is a federal revenue replacement program designed to sustain small business jobs during the ongoing public health and economic crisis. May 31 was the last day for small business owners operating in low-income neighborhoods to apply for the third round of PPP loans.

In California, Lendistry helped thousands of small businesses secure loans and grants during the pandemic. Funded by the State of California through the California Office of the Small Business Advocate, Lendistry, was the state-contracted administrator of the program that administered six rounds of grant funding for non-profits and underserved businesses.

Sands was one of the guest speakers along with U.S. Congressman Ro Khanna (D-CA-17), a member of the Congressional Small Business Caucus, and Virginia Ali. Ali owns the nationally renowned restaurant and Black-owned small business Ben’s Chili Bowl in Wash., D.C.

Sands said before the virus surfaced, minority businesses were already in a “financially precarious position” with strained resources. Small businesses had limited access to capital, he said, and they lacked the infrastructure to apply for loans or contracts and many of them couldn’t self-finance in the long term.

But on the cusp of the state and U.S. economies reopening, Sands says it is not too late for businesses to get their financial footing. 

“As a result of the American Rescue Plan, most states received roughly $1 billion to help these small businesses increase their revenues” he said.

Of California’s 4.1 million small businesses, 1.2 million (29%) are minority-owned.  ZIPPIA, an online career support company, calculated that 10,287 Black-owned businesses operate in California. According to the June 2020 report by ZIPPIA, titled the “Most Supportive States for Black Businesses,” California ranked No. 4 before the pandemic. Based on data compiled by the United States Census’ Annual Business Survey, California’s Black businesses employ roughly 81,530 people. 

Gray said restaurants, barbershops, nail salons, hair salons, hospitality, and personal grooming services have been “inexplicably hurt” due to social-distancing restrictions in the state.

Those businesses, owned by many African Americans, were not deemed as essential when a shelter-in-place order was mandated. Now those are the businesses that Newsom intends to help, Gray stated.

“Our governor had a tough choice to make,” Gray said. “You close things down to make sure people are safe. Public health is a serious issue. I applaud him for doing that. Yes, there are consequences to our small businesses. But in the end, look at us now. We have the lowest positivity rate in the nation. Also, it looks like our economy is coming back.”

A survey conducted by H&R Block found that out of 3,000 small businesses, 53% of Black business operators saw their revenues cut in half due to the pandemic as compared to 37% of White owners. 

Black-owned small businesses continue to experience disproportionate difficulties, with 35% of Black entrepreneurs reporting that business conditions are worsening. Many say they may not survive the next three months.

While the reopening of the economy signals progress, Sands is encouraging Black businesses to pay attention to Small Business Administration programs (SBA) that include loans, a restaurant relief fund and venture capital investments.

To apply for federal small business funding, Sands says, a company only has to show the sole business’ gross revenue. Applicants won’t be excluded if the proprietor has been a borrower on a defaulted student loan or has a criminal history.

“For amounts less than $150,000, most of the red tape or the bureaucratic process of a loan has been cleared away,” Sands said. 

Khanna said more funding is expected to be distributed through the Saving Our Street Act, which would allocate loans of up to $250,000 to businesses with fewer than 10 employees.

Distribution of the money will be based on the racial and gender diversity of the business owners, he said, and it should help the economy get stronger and financially stabilize the country.

“In this next quarter, we’re going to have a pretty good recovery,” he said. “Consumer spending is at 10% growth. I think small businesses are going to come back strong. The problem is a lot of businesses that have had to close may not be able to reopen. And that’s where we have to focus: assisting with debt forgiveness and capital for those businesses that would not survive.”

 

Continue Reading

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Trending