By Megan Sayles, AFRO Business Writer, msayles@afro.com The Harbor Bank of Maryland (Harbor Bank), headquartered in Baltimore, opened its doors back in 1982 with $2.1 million in assets. After more than 40 years, the institution stands today as a pillar in the Greater Baltimore Black community with nearly $321 million in assets. The institution was
By JPMorgan Chase & Co. Thinking about starting a business? Here are 5 things to consider More people are choosing to become entrepreneurs and chart a path of their own in the pandemic. In fact, one million more new business applications were filed in 2021 than in 2020 – the highest total on record- according
By AFRO Staff In honor of National Financial Capability month, the AFRO reached out to staff members for tips and tricks on how to maintain personal funds. Read the excerpts below for suggestions on achieving success when it comes to managing your money. Finance advice for different age groups Bonnie Deanes Bonnie Deanes, AFRO Finance
By Tashi McQueen, AFRO Political Writer, tmcqueen@afro.com According to the Prison Policy Initiative, Black Americans bear the brunt of the burden for mass incarceration. Americans see more arrests per capita than any other country and too many are incarcerated because they simply can’t make bail while awaiting trial. Maryland is one of 12 states where
By Mylika Scatliffe, AFRO Women’s Health Writer Marie Crest is like many other Black people in the United States. She is 36-years-old. She’s a mother of two sons with a third on the way. Crest works full time as an account consultant specialist for a national payroll company, but somehow, she receives regular collection phone
By Ralph E. Moore Jr., The Moore Report Wealth and its distribution in the United States is a fascinating study. From wealth gained during centuries of free slave labor to debates over minimum wage law, there’s a lot to discuss and fairness has nothing to do it. The poet Nikki Giovanni once said in her
By Catherine Pugh, Special to the AFRO “Train up a child in the way he should go and when he is old, he will not depart from it.” —Proverbs 22:6 Almost every day on an Urban One (formerly Radio One) media platform, you can hear a disc jockey ask listeners to patronize Black businesses. It
By Tashi McQueen, AFRO Political Writer, tmcuqeen@afro.com On April 17, Rep. Kweisi Mfume (D-Md.-07), U.S. Sens. Ben Cardin (D-Md.) and Chris Van Hollen (D-Md.) gathered to present a $1,750,000 check to the Juanita Jackson Mitchell Legal Center project for the restoration of the well-known legal office of Juanita Jackson Mitchell. Mitchell was the first African-American
By Megan Sayles, AFRO Business Writer, msayles@afro.com Reshonda Young is a Waterloo, Iowa native and entrepreneur on a mission to open the state’s first Black-owned bank. The Bank of Jabez, which is set to open this year, will be a community development financial institution (CDFI) and will work to prepare and empower people to create
By Leonardo Blair, Senior Features Reporter, The Christian Post In the last 34 years that he has operated his 800-member Friendship Baptist Church in Baltimore, Maryland, the Rev. Alvin Gwynn Sr. says his average monthly energy bill has hovered around “maybe $1,200.” About two months ago, however, Gwynn claimed in an interview with The Christian