Business

Dedrick “Teddy” Withers’ vision – making Memphis an International World Trade Center – was glorious in its magnitude. A great pyramid was to be the headquarters of African nations trading and purchasing goods with American businesses. In 1974, Withers became the youngest person (22) elected to the Tennessee House of...
“Some dreams grab us by the heart when we are young, and they never let go,” said Evelyn Thorpe Hibbler, owner of the successful private school, 1st Class Montessori Preschool. “That’s kind of what happened to me. After 40 years of teaching and developing three- and four-year-olds who speak several...
Three years ago, Megan Mottley was on a mission to raise money for her teenage daughter to attend a mission trip to Japan. Her made-from-scratch cookies quickly went viral on social media and shortly after the success of three fundraisers, Goodness Gracious Luxe Cookies, was created. What started as a fundraiser...
by Dena L. Owens, Special to The New Tri-State Defender “Grow or die,” says Richard Smith referring to future economic growth in Memphis. Smith, president and CEO of FedEx Logistics and board chairman for the Greater Memphis Chamber, revealed plans to identify and support 75 black entrepreneurs wanting to grow their...
Johnson Publishing Company (JPC), the Black-owned media enterprise that had once been a vanguard of African American culture and is responsible for launching EBONY and JET magazines, has filed for Chapter 7 bankruptcy on Tuesday in U.S. Bankruptcy Court in Chicago. The end of the company marks the demise of...
For small business owner Charles Hill, Trudy Morrison – Operation Hope financial counselor with First Tennessee Bank – is a point of reference for understanding where he is today. “I met Ms. Morrison when I was enrolled in a training program for entrepreneurs at Advance Memphis,” said Hill, owner of...
If you watch closely the mourning of Nipsey Hussle, you will notice that it feels a bit different than that of other rappers who departed too soon. He didn’t just connect with people through music, but through a business ethic and dedication to positive change that is a very...
As a housemaid, Wardell Seals Jr.’s mother made $8.22 per week and funneled that into taking care of her six children. His father sharecropped land in Winona, Miss. – the same land his father worked. Family lore said the Seals had worked the same land from the time slavery was...
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By JOSEPH PISANI and GARY GERARD HAMILTON The Associated Press NEW YORK (AP) — Papa John's is getting "Shaq-ified." The pizza chain said Friday that basketball Hall of Famer Shaquille O'Neal will be its new pitchman, appearing in TV commercials and promoting Papa John's in other ways. The company hopes O'Neal...
by Mackenzie Lampner, Special to The New Tri-State Defender Economist Joseph Schumpeter suggests that, “the public finances are one of the best starting points for an investigation of society, especially ... of its political life.” What, then, do we learn about our own community when we examine our local municipal...