The Federal Trade Commission has voted to ban noncompete agreements, which could increase worker pay by $300 billion and lead to 8,500 more new businesses each year, but legal challenges from the US Chamber of Commerce and the Business Roundtable may delay its implementation.
Category: BUSINESS
Civil Rights Attorney Ben Crump leads class action against Geico, alleging discriminatory practices
A class action lawsuit has been filed against Geico by minority business owners alleging contractual breaches and unjust enrichment, claiming the insurance giant systematically deprived minority Geico Field Representatives of critical business opportunities.
As some lawmakers look to regulate AI fakes, free speech concerns remain
FKA twigs urged Congress to ban unauthorized use of AI to replicate her image or voice, as generative AI has been used to create songs and explicit images of popular artists, infringing on their rights and revenue.
Maryland Congress members hold hearing at Bowie State University to advocate for Black entrepreneurs
Maryland lawmakers held a field hearing at Bowie State University to discuss the impact of racial discrimination on small business owners and the need for targeted federal business programs to address it.
Prince George’s County Council gives business owners a say in juvenile curfew zones
Prince George’s County Council has passed a resolution allowing local business owners to request curfew zones for juveniles under 17, with the Juvenile Curfew Bill expected to be voted on at the end of May.
Industry veterans team up to create mechanical HVAC company
Gina Merritt and Michael Karnes have founded NREUV Contracting and Mechanical, a D.C.-based company specializing in designing and installing HVAC systems for new and existing construction properties, with the goal of creating opportunities for Black and Brown communities and supporting minority subcontractors.
Greater Baltimore Committee to unveil regional economic opportunity strategy at 69th annual meeting
The Greater Baltimore Committee (GBC) will unveil its 10-year economic opportunity plan at its 69th Annual Meeting on May 23 at Tradepoint Atlantic in Sparrows Point, which is designed to achieve a globally competitive and equitable economy in the region.
PRESS ROOM: Macy’s honors historically Black-founded fraternities of The Divine Nine® with exclusive new collection
Macy’s has developed an exclusive menswear collection inspired by the signature colors of the five historically Black-founded fraternities of the National Pan-Hellenic Council, with all pieces available by July 2024.
Mayor Bowser celebrates D.C. Small Business Week
Mayor Muriel Bowser and the Department of Small and Local Business Development (DSLBD) are celebrating D.C. Small Business Week with a host of free events and summits open to the District’s more than 70,000 small business owners, including the Robust Retail Citywide Grants and a networking gathering for Certified Business Enterprises.
Restaurant workers deserve a livable wage, too
Restaurant Opportunities Center – DC is pushing for a minimum wage hike for tipped workers across the country, with several states currently considering legislation to do the same, while the National Restaurant Association is fighting against the increase.
UpSurge report demonstrates strength and opportunities in local tech ecosystem
UpSurge Baltimore’s 2024 Tech Ecosystem Report revealed that local companies in the Baltimore MSA raised $782 million in venture capital in 2023, up 12.3 percent from the seven-year average, and that 90% of the investment went to healthcare and information technology.
Vessels travel through temporary channel as wreckage from Key Bridge collapse is cleared
Nineteen vessels have traveled through the 38-foot-deep Fort McHenry Limited Access Channel since it opened on April 25, carrying cargo such as sugar, cement, fertilizer and lumber, while efforts continue to clear a permanent 50-foot channel and remove the Dali ship.