On Aug. 17 in Atlanta, Marcus Garvey’s birthday, Black Innovation Magazine made perhaps the most important black industry announcement of the last century, unveiling Mathematical Modeling Inc.’s (MMI) quantum-scale DynaKrypt’s Veil features a 13.5 million-bit protected encryption solution developed by professors at historically black universities. We reveal that MMI will receive the Roy L. Clay Sr. Technology Pinnacle Award at the Innovation&Equity23 presentation on January 15th.
The 93-year-old Clay is a Silicon Valley Engineering Council Hall of Famer who began writing supercomputers for the Atomic Energy Commission in 1958 and computer development for Hewlett-Packard in 1965.
On August 1st, the first day of our 19th Annual Black Innovation Magazine National Black Business This month, we also noted that New York City Chief Technology Officer Matt Fraser was selected as a Clay Pinnacle honoree . Fraser grew up in Brooklyn, New York, where he opened the Joint Security Operations Center, the front line of U.S. cyber defense.
In my 50 years as a journalist, I have learned that these innovators are not unique. For example, my brother has been a computer programmer for 50 years.
In 2004, my autistic brother, who experienced a tragedy, promoted a month-long campaign, a psychosocial intervention for African American business leaders in American democracy and its economy. basic role. He died in police custody because he was automatically considered a threat during an ambulance call. I just finished loading the dice: The State of Black Business, first edition we picked August, his birthday month, 31 ways 31 days, it’s a structured effort to get people to visit a different industry every day black businesses. The goal is to deliver on our 10-year plan: Economic Strategy for African Americans in 11 years, after months of meetings with predominantly black institutions.
Frederick Douglass wrote: “Our freedom is tied to our business ownership.” His docker colleague Isaac Myers felt this way so much that After the passage of the 13th Amendment, Baltimore’s black dockworkers were organized into a cooperative that controlled the shipyards where they worked. Miles did the same for black dockworkers on the Atlantic coast, creating a political force that brought the 14th Amendment to enforce the contracts of free men who became farmers and business owners.
The 14th Amendment does more. It also brings the United States full confidence and credit in its public debt, the bottom line on which our financial markets depend. This happened because of black businessmen.
But in 2020, the 244th year of the United States, only 1.7% of federal contracts went to African-American-owned small businesses; 0.7% of R&D spending went to historical Black colleges and universities; 0.1% of business loans go to black companies; African-American employment has declined over the past year in most major industries, except for low-wage jobs at risk from the pandemic.
Data from our following 18 State of Black Business reports point the way towards achieving the “Promised Land” foreseen by Dr. Martin Luther King Jr. in his final speech go ahead. In my opening remarks to the Negro Chamber of Commerce in July, I pointed out that our advocacy has produced the best year ever for African Americans economically in 2021. Two years ago, we found that, according to the U.S. Small Business Administration, only one-thousandth of Paycheck Protection Program loans went to black companies. Legislative changes raise that amount from $550 million to $16 billion in 2021. HBCU received $6 billion, compared with a previous high of $220 million.
Our work with members of the National Black State Legislature Caucus, to whom I introduced Our10Plan in 2015, has been particularly effective. Senator James Sanders, Chairman of the Senate Banking Committee of New York; Steven Bradford, Chairman of the California Legislative Black Caucus, unveiled this year’s report on May 15, Down But Not Out: The State of Black Business, 19th edition . Bradford mentioned the return of Bruce Beach, near Los Angeles, to the Black family who originally owned it and the first reparations working group. New York Gov. Kathy Hochul also brought a collaborative spirit to her budget deliberations with the state’s black leadership.
Down But Not Out Fastest Feature – Growing African American Industrial Sector, Spirits, Now Includes 300 Distillers, Winemakers and Vintners. The cover of the report is Thomas T. Thomas, the recipient of three Wine Enthusiast top scores.
We also identified BlackBio100, a roster of black life science experts that includes M&B Sciences in geospatial epidemiology and clinical trial leaders who just acquired Clara Health in San Francisco. Our detailed state and local programs place life sciences as an industrial backbone to revitalize our communities. As chairman of the Brownsville Central Brooklyn Economic Development Corporation, which has the densest public housing in the world, I think B’ville Hub is the engine that drives Downstate Medical and Medgar Evers College to research companies like Global Blood Therapeutics, which Pfizer just bought Its sickle cell drug.
Historic preservation is also critical to renewing African American communities. In the 1980s, I chaired the committee in Richmond, Virginia’s Jackson Ward Historic District, which is still thriving as a black business district. In 2017, Rick Moss and I completed the 6,000-site California African American Trail to Freedom, becoming guardians of the outstanding African American legacy in the Golden State.
This weekend’s visit to Azurest, Ninevah, and Sag Harbour Hill on Long Island, NY is the most successful African American community in history and includes all the elements King foresaw. Developed by a black female architect in 1947, the 120-acre enclave marks its 75th anniversary, the private beachfront home of the Earl Graves, Johnnie Cochran and Ron Brown families. It’s near an 1839 church that used to be a subway station. Churches, cemeteries and communities are on the National Register of Historic Places.
However, when we went out to start the Central Brooklyn EDC Capital Drive, we found that these affluent neighborhoods were facing gentrification we were in Brownsville. Our answers are seeding the industry with businesses such as mathematical modeling; Figgers Communications, a rare domestic smartphone built by a 32-year-old genius on his fourth model; M&B Science; and HireUS, which is a recruiting company created by recent Roy Clay Pinnacle winner and Black Titan Investments.
When I spoke to black chambers of commerce and trade associations across the country in August, I kept pointing out that 90 federal agencies had already developed their first equity action plans. I’ve also been pointing to the National Small Business Credit Program and the National Institute of Standards and Technology’s Hollings Manufacturing Expansion Partnership, which have planted the seeds for these industrial anchors to meet local and current needs and improve supply chains and Reduce inflation.
The end of the month includes our #DrinkBlack showcase for Black winemakers, winemakers and vintners in Auckland on August 27th and Bridgetown, Barbados on August 31st A preview of the Afro-Caribbean Trade and Investment Forum held, the first of its kind a joint event between the African Union and the Caribbean Community.
All the way back to Revolutionary War privateer Paul Caffey, who later became a shipyard, trade with the African continent and islands was seen as a natural evolution of African-American business. During the 19th Annual Black Innovation Magazine National Black Business Month, we honor their wisdom by fulfilling their wildest dreams.
Afterword
Imitation is the most sincere form of flattery, But as the FBI just pointed out in a Florida indictment, African Americans are being targeted by misinformation, often from foreign intelligence sources. Since 2004 we have only one official source and one set of events. Only the 19th Annual Black Innovation Magazine National Black Business Month is the true and trusted source for the most complete information about African Americans in the economy. We’ve seen over the past two years that an online post by an entity claiming to be “celebrated” should show consumers that it doesn’t represent us. Our mission is based on scientific data. Some of these counterfeiters have also been fined billions of dollars for discrimination, sued by their black employees and local governments, and are part of our testimony before the House Judiciary Antitrust Subcommittee and the House Financial Services Equity Subcommittee. We do not allow corporate sponsorships, so please take any such offers with a grain of salt.
