WebOct 14, 2024 · Updated Oct 14, 2024 Fact checked Share To be considered a Black-owned bank, a financial institution must serve minority communities and be at least 51% Black-owned, according to the Urban Institute. Today, there are 42 Black-owned banks in the US. These institutions are working diligently to provide financial services to underserved … WebAug 6, 2024 · As CNBC reported this week, the couple co-founded Black-owned drive-in movie theater Newark Moonlight Cinema, during the height of the pandemic in 2024. And still, they thrived. Despite the health crisis that swept the country, the New Jersey business owners had reasons to smile. The business hosted more than 20,000 cars during its first …
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