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PayPal Inc. will forgo an estimated $30 million in processing fees for roughly $1 billion in transactions as part of a settlement resolving a U.S. Justice Department probe into the company’s diversity, equity, and inclusion (DEI) initiatives. The investigation stemmed from allegations that PayPal violated federal civil rights laws through its Economic Opportunity Fund, an initiative launched in 2020 and designed to support Black and minority-owned businesses, according to a news release. Inside The PayPal-DOJ Settlement Under the settlement, PayPal agreed to launch a new Small Business Initiative that excludes eligibility criteria based on race, national origin, or other protected characteristics. The program will waive processing fees for qualifying American small businesses that are veteran-owned or operate in farming, manufacturing , or technology industries. “This Department of Justice is delivering on President Trump ‘s vow to root out illegal DEI from every corner of corporate...
Food vendors participating in Keith Lee ‘s inaugural FamiLee Day festival in May will do so at no cost, as the popular TikTok food critic and influencer has announced he’s waiving vendor fees. In a TikTok shared Tuesday, March 24, 2026, Lee said he “finally got approved.” “On what, you might ask?” he continued, explaining that the festival is now “a complete marketing platform for small businesses, local businesses, and staples of the community.” He added that “all vendor fees [are] completely waived” in what he described as a “first-of-its-kind” move — at least based on his experience. Lee said vendors will keep 100% of their sales, with the only cost being rental equipment. “Show up, sell your product, sell your food, market your business, market your social media, market where they’re going to see you at, market your location and everything, and make your money,” he said. @keith_lee125 Keith Speaks 💕 now let’s see what media talks about this 🫡 💕 @Familee Day ♬ original sound –...
Keith Lee is looking to change the festival game by introducing FamiLee Day. The viral food critic and cultural tastemaker has announced the full lineup for his inaugural FamiLee Day festival, set to take place May 16 at UNO Lakefront in New Orleans. The one-day event will bring together a curated food village, live music, and family-centered experiences designed to celebrate community while uplifting local businesses, according to an official press release. FamiLee Day Is All About Food, Culture, And Community At its core, FamiLee Day is designed to center the very elements that built Keith Lee’s platform: food, people, and trust. The event will feature a food village curated by Lee himself, highlighting independently owned restaurants such as Thistle & Rye, Velvet Grain, Salt + Sage, Iron Kettle, and Copper Root, with additional vendors expected to participate. According to the press release, the experience will be hosted by NAACP Image Award–winning comedian Kevin “KevOnStage”...
Now is a better time than ever to bet on yourself — at least according to Joel Roache. The former mechanical engineer and now full-time content creator did just that when he applied for — and went on to become the first-ever grand prize winner of — Stan’s “Dare To Dream” Challenge in 2025, taking home $120,000. Stan Store is an all-in-one, creator-focused e-commerce platform, according to its website. For his submission video sharing his dream, Roache spotlighted his company, Creative Minds, a Christian-led retreat that brings creators together for several weeks to focus on connection — an element that has been central to his journey into content creation from the very beginning. “Creation as a whole, being a creative person and trying to pursue that over standard living, is very uncommon. It’s very, very, very lonely,” Roache shared in an interview with AFROTECH™. “So I wanted to talk about the pursuit of finding people who are more similar. It’s the one thing that I think is kind...
Golden Krust Caribbean Restaurants, a family-owned Jamaican food company with more than 100 locations across the United States, has launched a 3 million Jamaican dollar agricultural recovery initiative to support small farmers in Jamaica impacted by Hurricane Melissa, according to a press release shared with AFROTECH™. The first phase of the initiative is being carried out in partnership with the American Friends of Jamaica (AFJ) and provides direct assistance to 10 farmers across Saint Elizabeth, Clarendon, Saint Catherine, Saint Mary, and Manchester. Each farmer received J$300,000 in seedlings, farming equipment, fertilizer, and essential supplies to replant and restart production after sustaining crop losses, flooding, and damage to farm infrastructure during the storm, notes the release. Golden Krust’s leadership team traveled to Jamaica as part of the rollout. They distributed supplies, assessed damage, and met with farmers who supply the ingredients used in the company’s...
With Giving Tuesday underway, a New York-based nonprofit is calling for support of Black-owned small businesses and highlighting their impact on local economies. According to a press release, the African American Small Business Foundation Inc. is using the Dec. 2 observance to raise funds that will help minority-owned businesses navigate rising costs, shifting market conditions, and limited access to capital. Currently, the organization serves as a resource center for African American entrepreneurs seeking funding, training, and business connections across New York. The foundation reports that many Black-owned businesses continue to face challenges securing loans, grants, or investment funding. To address this, it connects entrepreneurs to micro-grants and loan programs, community financial institutions, credit-building tools, and capital-readiness training intended to support growth and hiring. Training and technical assistance are another key part of the foundation’s work. Through...
The Black Business Hub in Madison, WI, is on a mission to create a “Black Renaissance” by expanding opportunities for Black-owned businesses in the area. Opened in August 2024 through the Urban League of Greater Madison (ULGM), the Hub aims to provide a home and launchpad for Black entrepreneurs , offering everything they need to succeed in one place, The Daily Cardinal reports . The Hub is a $25.5 million, 80,000-square-foot facility run by ULGM. Home to everything from coffee shops to beauty salons and office suites, it equips small business owners with the skills and resources needed to launch and grow their companies, strengthening their overall presence in the community. “We’re looking for them to get a strong start, build a strong economic base, and then go out,” Dr. Ruben L. Anthony, Jr., president and CEO of ULGM, told The Cardinal. “We’re not looking for the businesses to stay here forever.” View this post on Instagram A post shared by Urban League Greater Madison...
U.S. Bank is stepping up its presence across the Southeast, aiming to reach more businesses and broaden its lending services, including Small Business Administration (SBA) loans. According to Banking Dive, the Minneapolis-based bank, with $695 billion in assets, is actively hiring bankers in areas where it doesn’t currently operate branches. Dee O’Dell, head of business banking sales, confirmed that within six months, U.S. Bank plans to bring on at least a dozen new bankers in a couple of Southeastern states. Though they weren’t specified, possibilities include Alabama, Florida, Georgia, Louisiana, Mississippi, and South Carolina, the outlet notes. While O’Dell did not go into detail, the bank is clearly positioning itself to tap into growing business markets across the region. This expansion follows recent moves in other key markets. Banking Dive states that U.S. Bank has added multiple banker teams in cities like Charlotte, Las Vegas, and Chicago, reflecting its strategy to meet...
Apple officially opened the Apple Manufacturing Academy in Detroit, a new initiative designed to help small and mid-sized businesses adopt advanced manufacturing technologies. According to a news release, the academy is part of Apple’s larger mission to invest more than $500 billion in the U.S. economy over the next four years, continuing its commitment to American manufacturing and innovation. Developed in partnership with Michigan State University (MSU), the Detroit facility offers free programming that includes in-person workshops and consulting services. Virtual programming is scheduled to launch later in 2025, according to the release. The goal is to provide companies with tools to integrate AI, automation, and data-driven manufacturing into their operations. Training sessions cover topics such as machine learning, process optimization, and leveraging digital technologies to improve efficiency and product quality. “Automation, robotics and artificial intelligence are more...
Rep. Kathy Castor spotlighted Black-owned businesses in St. Petersburg, VA, on Juneteenth amid ongoing bureaucratic hurdles, such as limited access to capital, systemic bias , barriers to business networks, and discriminatory lending practices. Castor led a bus tour on Thursday, organized with the Pinellas Suncoast Transit Authority (PSTA), visiting local businesses, including Community Tech House, Successful Futures Tutoring Services, and Central Station Barbershop and Grooming, according to The St. Pete Catalyst. “We want to spend our Juneteenth out there telling their stories and encouraging our neighbors to support them,” Castor said. When the COVID-19 pandemic struck, exacerbating the digital divide in underserved communities , Lynn Harrell Johnson at Community Tech House repurposed her former salon into a tech hub . She now teaches coding, web development, and digital literacy, offering free laptops to those committed to using them. Johnson has a goal to hire more passionate...
Blavity Fest 2025 lit up Atlanta, GA’s Lee + White complex last weekend in celebration of Black innovation , cultural expression, and collective wealth-building. Attendees experienced inspiring panel discussions led by experts in entrepreneurship , personal branding, creative development, and financial empowerment, while hands-on workshops offered practical skills in areas including stock trading, book launching, and event planning. The event, held from May 31 to June 1, also featured networking opportunities at community meetups, a Black-owned small business market, and immersive installations designed to spark creativity and connection. The high-energy, high-stakes, and high-impact success of the 2025 Blavity Fest was no accident, as Atlanta is, for the third consecutive year, the nation’s leading hub for Black-owned businesses, as previously reported by AFROTECH™ . According to a LendingTree analysis, nearly 14,000 — or 11.3% of all businesses in the city — are Black-owned as of...
Silent churn is one of the biggest threats to small businesses , often going unnoticed until it significantly impacts revenue. Unlike active churn, where customers cancel their subscriptions or explicitly stop purchasing, silent churn happens gradually. Customers disengage, reduce usage, or stop buying without officially severing ties, leading to a slow decline in business performance. Identifying silent churn early allows owners and entrepreneurs to take proactive steps to re-engage customers before they are lost entirely. Recognizing The Early Signs Of Silent Churn Silent churn does not happen overnight. It begins with small shifts in customer behavior . If ignored, these shifts lead to long-term disengagement. One of the most common signs is a decline in customer interaction. Warning signals include: users logging in less frequently, reducing their purchases, or spending less time engaging with emails and content. A drop in feature usage or product engagement is another...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Trump’s tariffs have upended multiple industries. For bigger companies like Apple and Microsoft, or fast fashion behemoths like Zara, tariffs can be easily avoided by moving their distribution elsewhere. But for smaller businesses that don’t possess the same infrastructure, they don’t have that ability. Most Americans would agree that manufacturing should come back to the United States. Over the past decades, companies have moved their work abroad to take advantage of lower wages and the lack of unions that protect workers from abuses. In short, it’s easier to take advantage of the cheap labor offered in other countries like China, Thailand, and Vietnam. The whole system is inherently problematic, especially when we look at how workers in the United States are constantly berated and not treated properly. Moving manufacturing back to the states will also mean, unfortunately, that prices for goods...
Life can change at any given moment, and this was the case for entrepreneur Parker Barbee. In 2022, Barbee was laid off from his job just before the Christmas holiday. This moment of uncertainty led him to jumpstart his passion for a staple dessert in his family — banana pudding. KSL News reports Barbee is the founder of dessert sweet shop Parfé Diem, located in Salt Lake City, UT’s Sugar House neighborhood. According to its website, it features a variety of pudding parfait flavors, including banana, strawberry cheesecake, pistachio, and chocolate. It also offers shortbread cookies and a creative twist on the classic ice cream sandwich, using pudding as the filling. View this post on Instagram A post shared by parfé diem 😋 pudding parfaits (@parfediem) Now, just in time for the holiday season, Barbee’s venture has received a significant boost through the NAACP Powershift Entrepreneur Grant, established by investor Daymond John of “Shark Tank.” The grant is $25,000 and is funded with...
Thanks to a number of innovations in the world of business, the global workforce is seeing a massive uptick in freelancing, gig economy gains , and other small business ventures. If you’re feeling the entrepreneurial spirit, there’s never been a better time to go into business for yourself. Still, one of the hardest parts of launching your business is coming up with ideas on what to sell, what services to offer, and where to market yourself. Here’s a brief but comprehensive list of small business ideas to get you started. Maybe you’ll glance over this list and have a major eureka moment, or maybe these ideas will spark your creative drive and assist you in developing something brand new. Either way, these options are teeming with possibility. Graphic Designer If you’re interested in launching your own small business, and you have a passion for art, why not try your hand at graphic design ? There are tons of outlets available for artistic people to work directly with individual...