Economic Empowerment

Bank’s new owners bring international business skills CHICAGO—The old adage of “Buy Black’ is taking on a cousin slogan according to the new owners of the Illinois Service Federal Savings and Loan (ISF Bank). The saying, Kweku Nduom said, “it’s time to Bank Black.” Nduom is one of two brothers, who along with their parents…

The number of businesses owned by Black women grew dramatically from 2007—the beginning of the Great Recession—through 2012, when it ended. But the businesses recorded the largest decline in average sales, compared with companies owned by White, Asian, Hispanic and Native American women. To reach its conclusions, the Center for Global Policy Solutions, which is…