News

Aug 26, 2021

Icons & Phenoms celebrated by CRBR, colleagues and community

The Columbia Regional Business Report celebrated the 2021 Icons & Phenoms Wednesday at a luncheon at the DoubleTree by Hilton Columbia. Colleagues and friends joined the 24 honorees to recognize their many contributions to the Midlands community.

Aug 25, 2021

North Charleston’s Black-owned businesses seek more support amid city’s growth

Whitfield, who is African American, is well aware of the historical disadvantages that have long affected Black-owned businesses. He said he feels his company sends the message that minority-owned companies can do the work if given the opportunity.

Aug 24, 2021

Corporate America’s $50 billion promise

After the murder of George Floyd ignited nationwide protests, corporate America acknowledged it could no longer stay silent and promised to take an active role in confronting systemic racism. From Silicon Valley to Wall Street, companies proclaimed “Black lives matter.” JPMorgan Chase CEO Jamie Dimon adopted the posture of former NFL quarterback Colin Kaepernick’s protests....

Jul 20, 2021

Business Report honors the 2021 class of Icons & Phenoms

Each year, the Business Report and its sponsors and partners recognize the Icons & Phenoms during a special event and awards ceremony. Profiles of the individual honorees also are published in a special print section of the Business Report. In their third year, the awards recognize the success and community involvement of 24 area leaders. This year's class includes 12 established figures who have been getting things done in the Midlands for decades and 12 up-and-coming movers and shakers already having a significant impact.

May 26, 2021

LISC’s Black Economic Development Fund hits $250 million goal, makes first catalytic investments in Black-led banks, real estate developers

NEW YORK, May 26, 2021 /PRNewswire/ -- The Black Economic Development Fund (BEDF), managed by the Local Initiatives Support Corporation (LISC), has reached its $250 million goal for capital to invest in Black-led banks, anchor institutions, businesses, and real estate developers, and is now rolling out its first investments.

May 24, 2021

Citi Partners with Black-owned Banks to Help Close Wealth Gap

Citi’s work with Minority Depository Institutions like Optus Bank helps to expand banking and capital access to communities of color.

Mar 18, 2021

Optus Bank Helps Underserved SMBs and Communities Through Inclusive Credit and Lending Products

Just because someone has money doesn’t mean that they know how to use it to maximize their financial well being. Many people, regardless of wealth, don’t have the knowledge or skills necessary to manage their finances.

Mar 9, 2021

For the smallest businesses, an exclusive chance to line up for PPP loans

Over the last two weeks, the Small Business Administration has been limiting Paycheck Protection Program loan applications to businesses with fewer than 20 employees. The idea was to help the smallest businesses apply before the program expires at the end of the month. How has the process has been going?

Mar 8, 2021

Black-owned banks, online challengers compete for customers of color

As challenger banks seek to acquire more customers of color, Black-owned banks say the value they provide to traditionally underserved communities goes beyond what the online upstarts can offer. These more traditional, minority-owned banks "take a broader role in people's lives and a broader role in communities," Kevin Cohee, owner, chairman and CEO of OneUnited Bank....

Feb 15, 2021

How Optus Bank is helping small businesses succeed

Norman Mills stood outside Royal Automotive Techs, the auto repair shop he co-owns in Columbia, South Carolina, while a photographer asked him to look at the camera and pose naturally. Instantly, Mills flashed a contagious smile.