TwitterFacebookPinterestGoogle+
  • FLORIDA | TAMPA, Fla. (FNN SPORTS) - Buccaneers Defense Ravenous in 24-17 Victory Against Panthers (Photo by Willie David / Florida National News)

FNN NEWS VIDEO COVERAGE

BLACK ENTERPRISE Publishes Rankings Of The Nation’s Largest Black-Owned Businesses

NEW YORK, (FNN NEWS) — BLACK ENTERPRISE marks 45 years of listing America’s largest black companies with the publication’s May/June 2017 issue of the BE 100s, universally recognized as the most authoritative analysis and annual ranking of the nation’s top grossing black-owned companies. The BE 100s ranks America’s largest black-owned companies, including automobile dealers, banks, asset managers, investment banks, and private equity firms.

In our 45th Annual Report on Black Business under the theme, “Evolution,” our editors found scores of BE 100 CEOs who have remodeled their companies for opportunity and expansion. In fact, scalability has been the foundation of growth for the billion-dollar revenue leaders—technology integrator World Wide Technology Inc. with $9.3 billion in revenues and workforce solution juggernaut ACT-1, which generated over $2 billion in revenues.

When BLACK ENTERPRISE first compiled its “Top 100” in 1973, combined sales for the 100 component companies totaled $473 million. Results of the 2017 report show that the Top 100 collectively grossed more than $27 billion in 2016, a $3 billion increase in revenue over the previous year.

In addition to the BE 100s listings, the package also features profiles of the chief executives of the 2017 BLACK ENTERPRISE Companies of the Year:

Company of the Year: Powers & Sons Construction Co. Inc., Gary, IN; CEO, Mamon Powers Jr.

Auto Dealer of the Year: National Automotive Management L.L.C., Hamilton, NJ; CEO, Jessie Armstead.

Financial Company of the Year: CastleOak Securities, New York, NY; CEO, David R Jones.

“The BE 100s—the nation’s largest black businesses—continue to be the standard bearers for all American enterprises, demonstrating that sustained business growth comes when ideation and innovation is wedded to execution and excellence,” says BLACK ENTERPRISE Senior SVP/Chief Content Officer Derek T. Dingle. “As such, most exhibit elasticity, capability, technological adaptability and branding power in a seesaw economic recovery and hyper-competitive business environment.”

In developing the rankings for 2017, BE Research collected surveys from hundreds of companies as well as information from government agencies, professional organizations, industry associations, business information services, entrepreneurs, and corporations. The information included total revenues for calendar year 2016; a detailed description of business activities; historical ownership data; and confirmation that the entity is at least 51% black-owned, or that blacks own at least 51% of the controlling shares if the company is publicly traded. The May/June 2017 issue of BLACK ENTERPRISE—complete BE 100s rankings, full eligibility criteria, and company overviews -—is on newsstands today.

Also included in the issue is BE‘s listing of the 50 Top Companies for Supplier Diversity. The companies singled out represent the leaders in procurement spending and partnership with minority firms. The complete report, including methodology and selection criteria, is available in the May/June 2017 issue of BLACK ENTERPRISE magazine.

BLACK ENTERPRISE is also marking the 45th anniversary of the BE 100s by socializing some of the most exciting moments with the hashtag #45DaysofBE100s. Bla

SOURCE | Black Enterprise

Leave a Reply

Your email address will not be published. Required fields are marked *

POLITICS & POWER NEWS

National Politics

An error occured during creating the thumbnail.

U.S. Congressman Darren Soto’s Bills Pass in Final Farm Bill

Washington, D.C. –  Today, the U.S. House of Representatives passed five bills introduced by Congressman Darren…

An error occured during creating the thumbnail.

Rep. Soto, Members Introduce Bipartisan Bills Preventing Virtual Currency Price Manipulation

Washington, D.C. – Today, Congressman Darren Soto (D-FL-09) along with Ted Budd (R-NC-13), introduced two pieces…

An error occured during creating the thumbnail.

Congressman Darren Soto’s Lake Nona Office Relocating to Orlando VA Medical Center

Kissimmee, FL – Starting Monday, December 3rd  2018, Congressman Darren Soto’s Lake Nona District office will be…

An error occured during creating the thumbnail.

At Capitol, Bush saluted as gentle soul, great man

WASHINGTON (AP) — The nation’s capital embraced George H.W. Bush in death Monday with solemn…

STATE & LOCAL POLITICS

An error occured during creating the thumbnail.

Orange County Mayor Jerry Demings Appoints Longtime Top FDLE Special Agent Danny Banks as Deputy County Administrator of Public Safety

ORANGE COUNTY, Fla.  – Orange County Mayor Jerry L. Demings announced Thursday the appointment of Florida Department…

An error occured during creating the thumbnail.

FDP Chair Terrie Rizzo on Republicans Plan to Stall Implementation of Amendment 4

TALLAHASSEE, Fla. - FDP Chair Terrie Rizzo released the following statement after a report that Governor-elect Ron…

An error occured during creating the thumbnail.

Governor Scott Appoints Six to the District Court of Appeal, Circuit and County Courts

TALLAHASSEE, Fla. – Today, Governor Rick Scott announced six appointments to a District Court of Appeal and multiple Circuit…

An error occured during creating the thumbnail.

Gov. Scott Statement on the Passing of Miami-Dade Police Officer Jermaine Brown

TALLAHASSEE, Fla. – Governor Rick Scott made the following statement today regarding an all-terrain vehicle crash…

SPORTS NEWS

  • Nikola Vucevic takes the ball to the net against the Philadelphia 76ers at Amway Center Wednesday, November 14, 2018. Photo: Willie David/Florida National News.
    ORLANDO Orlando’s Big Fourth Quarter Sparks 111-106 Victory at Home Against the 76ers. Photo: Willie David/Florida National News.

MORE SPORTS NEWS

An error occured during creating the thumbnail.

AutoNation Cure Bowl Awards Louisiana’s Alonzo Brown and Tulane’s John Leglue as Community Service Soldiers

ORLANDO, Fla. (OrlandoSportsFoundation.com) – As a part of the AutoNation Cure Bowl benefiting BCRF, executive director…

An error occured during creating the thumbnail.

Orlando City SC Announces Protected List For 2018 MLS Expansion Draft

ORLANDO, Fla. - Orlando City SC today announced its protected list for the 2018 MLS Expansion…

An error occured during creating the thumbnail.

Alex Morgan Named 2018 U.S. Soccer Female Player of the Year

CHICAGO – On the heels of a sensational goal scoring run this year, forward Alex Morgan…

An error occured during creating the thumbnail.

Eight Finalists Announced For 2018 Art Rooney Sportsmanship Award

The eight finalists for the 2018 ART ROONEY SPORTSMANSHIP AWARD have been named, the NFL announced today.…

An error occured during creating the thumbnail.

David Steele To Be Inducted Into Orlando Magic Hall of Fame

Orlando, FL – The Orlando Magic will induct longtime play-by-play announcer David Steele into their Hall of…

An error occured during creating the thumbnail.

Gerald McCoy Named Tampa Bay Buccaneers Nominee For Walter Payton NFL Man of the Year Award

TAMPA, Fla. - The Tampa Bay Buccaneers announced today Gerald McCoy as its nominee for the Walter Payton…

BUSINESS NEWS

MORE BUSINESS NEWS

An error occured during creating the thumbnail.

U.S. Postal Service Prepared For The Holidays

ORLANDO, FL — The U.S. Postal Service is prepared for the holiday season and will offer extended…

An error occured during creating the thumbnail.

World waits to see if Trump-Xi dinner brings trade peace

BUENOS AIRES, Argentina (AP) — When President Donald Trump sits down for dinner Saturday with…

An error occured during creating the thumbnail.

Microsoft surpasses Apple as most valuable public company

Microsoft’s big bet on cloud computing is paying off as the company has surpassed Apple…

An error occured during creating the thumbnail.

VIDEO: West Lakes Orlando Business Incubator Gets $200,000 Funding Boost from JPMorgan Chase

ORLANDO, Fla. (FNN NEWS) - LIFT Orlando, Mayor Buddy Dyer and the West Lake Business…

An error occured during creating the thumbnail.

Adam Rosen, Son of Orlando Philanthropist Harris Rosen, Dies of Brain Cancer

ORLANDO, Fla. (FNN NEWS) - Adam Michael Rosen, son of Orlando philanthropist and hotelier Harris…

An error occured during creating the thumbnail.

Trade War Escalates as China Announces Tariffs on US Imports

BEIJING (AP) — The U.S.-China trade war escalated further Tuesday, with China announcing retaliatory tax…

ENTERTAINMENT NEWS

MORE ENTERTAINMENT NEWS

An error occured during creating the thumbnail.

9 Scientific and Technical Achievements To Be Honored With Academy Awards®

LOS ANGELES, CA — The Academy of Motion Picture Arts and Sciences announced today that…

An error occured during creating the thumbnail.

Knight Foundation awards grant to Miami Film Festival as part of a $37 million investment in the arts!

MIAMI, Fla. - The Miami film scene received another tremendous boost this past Monday. As…

An error occured during creating the thumbnail.

The Golden Globes Nominations: Snubs and Surprises

LOS ANGELES, Ca. (FNN NEWS) - The 76th Golden Globe Awards will be held on…

An error occured during creating the thumbnail.

46th Annie Award Nominations Announced Animation’s Biggest Night Set for Saturday, Feb. 2, 2019 at UCLA’s Royce Hall

BURBANK, CA. - Nominations for the 46th annual Annie Awards were announced on Dec. 3, 2018…

An error occured during creating the thumbnail.

Bobby Brown Sues Showtime and BBC for $2 Million

NEW YORK, N.Y. (FNN NEWS) - Bobby Brown has often been very protective over his…

An error occured during creating the thumbnail.

Elton John Cancels Both Sold Out Florida Shows

ORLANDO, Fla. (FNN NEWS) - Elton John has canceled both sold out shows in Florida…

LIFESTYLE NEWS

MORE LIFESTYLE NEWS

An error occured during creating the thumbnail.

Join Mickey and Friends in Celebrating the Holiday Season at Mickey’s Very Merry Christmas Party at Walt Disney World Resort

LAKE BUENA VISTA, Fla. – Mickey’s Very Merry Christmas Party at Magic Kingdom Park features…

An error occured during creating the thumbnail.

Disney Chefs Bake Up Holiday Magic with Gingerbread Displays at Disney Parks and Resorts, Disney Cruise Line

LAKE BUENA VISTA, Fla. – Wide-eyed wonderment will wash over Disney guests this holiday season…

An error occured during creating the thumbnail.

OPINION: Melania Trump Dreams of a Very Red Christmas

WASHINGTON, D.C. (FNN NEWS) - First Lady Melania Trump clearly isn’t having a blue Christmas…

An error occured during creating the thumbnail.
An error occured during creating the thumbnail.

Nearly 1,200 Athletes Competed in Special Olympics Florida's State Fall Classic

ORLANDO, Fla. (FNN SPORTS) - Special Olympics Florida athletes, coaches, volunteers and fans descended on…

An error occured during creating the thumbnail.

Athletes, Coaches, Volunteers Made Celebrities at Special Olympics Florida Champions' Gala

ORLANDO, Fla. (FNN NEWS) – The red carpet rolled out for Special Olympics Florida’s Annual Champion’s…