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Black-Owned Corporations in America: Power, Innovation, and Legacy

Discover the top Black-owned corporations in America, from World Wide Technology to Byron Allen’s media empire, and learn how these billion-dollar businesses are shaping industries and inspiring Black entrepreneurship.

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Last Updated on September 26, 2025 by Daily News Staff

Black-owned corporations

When people think of Black-owned businesses in America, many picture small shops, restaurants, or startups. While these enterprises are vital to communities, a lesser-known truth is that several Black-owned corporations have grown into billion-dollar powerhouses — shaping industries from technology to media, food service to finance. These companies prove that Black entrepreneurship is not only thriving but also redefining the American corporate landscape.

World Wide Technology (WWT): A $20 Billion Tech Titan

Founded by David Steward in 1990, World Wide Technology is the largest Black-owned business in America, with revenues topping $20 billion. WWT provides cutting-edge IT services — including cloud computing, cybersecurity, and AI solutions — to Fortune 500 companies and government agencies. Steward, who grew up in segregated Missouri, now ranks among the wealthiest Black billionaires, with a net worth exceeding $7 billion. His quiet leadership and philanthropic efforts inspire countless entrepreneurs.

Byron Allen & Allen Media Group: A Billion-Dollar Media Empire

Comedian-turned-mogul Byron Allen built one of the largest Black-owned media companies in the world. Through Allen Media Group (Entertainment Studios), he owns 12 television networks, 43 local TV stations, and The Weather Channel. His empire generates well over $1 billion annually, making him one of the most powerful media owners in the U.S.

Allen is also a fearless advocate for diversity in advertising and media ownership. By pushing major corporations to spend more with minority-owned outlets, he has positioned himself not only as a media giant but as a champion for economic inclusion.

Bridgewater Interiors: Driving Detroit’s Future

In the heart of Detroit, Bridgewater Interiors, founded by Ron Hall Sr. and now led by Ron Hall Jr., is a billion-dollar automotive seating supplier. The company partners with industry giants like Ford and General Motors, pioneering just-in-time manufacturing. Beyond profits, Bridgewater champions supplier diversity and community growth, proving that Black-owned corporations can thrive at the core of America’s auto industry.

ActOne Group: Workforce Innovation at Scale

Launched in 1978 by Janice Bryant Howroyd with just $1,500, ActOne has grown into a global workforce solutions leader, generating over $1 billion in annual revenue. Howroyd made history as the first African-American woman to build and run a billion-dollar business. Today, ActOne operates in more than 19 countries, placing millions of workers while advocating for inclusion in staffing and leadership pipelines.

Modular Assembly Innovations: Powering U.S. Automakers

Founded by Billy Vickers in 2006, Modular Assembly Innovations (MAI) is another billion-dollar auto supplier. The company specializes in modular sub-assemblies and delivers to major automakers across the country. Known for his athlete-to-CEO journey, Vickers emphasizes efficiency and employee growth, making MAI one of the fastest-growing Black-owned companies in manufacturing.

Coca-Cola Beverages Florida: Independent and Thriving

In 2015, Troy Taylor founded Coca-Cola Beverages Florida, the only independent Coca-Cola bottler in the U.S. The company quickly grew to generate more than $1 billion in revenue, employing thousands across Florida. Taylor’s leadership shows how Black ownership can succeed in legacy industries where minority participation has historically been rare.

Thompson Hospitality: Feeding America

From running Bob’s Big Boy restaurants to managing corporate and university dining halls, Warren Thompson has built Thompson Hospitality into a food-service empire worth nearly $800 million. It is now one of the largest minority-owned food service providers in the U.S., serving hospitals, universities, and government institutions nationwide.

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Urban One: A Media Empire for Black Voices

Founded by Cathy Hughes in 1980, Urban One (formerly Radio One) is the largest Black-owned broadcasting company in the U.S., with revenues approaching $500 million. Hughes was the first African-American woman to take a company public on the U.S. stock exchange. Today, Urban One spans radio, TV, and digital, amplifying Black culture and shaping political discourse.

Hightowers Petroleum: Energy with Impact

Led by Stephen Hightower, Hightowers Petroleum distributes fuel and energy solutions to major corporations and government agencies, generating nearly $450 million annually. What began as a regional operation has grown into one of the country’s most respected minority-owned energy providers, with a focus on sustainability and efficiency.

Why These Companies Matter

These corporations represent more than financial success:

Representation: They prove that Black entrepreneurs can thrive at the billion-dollar level in industries historically closed to them. Opportunity: Collectively, they employ tens of thousands of people, many in communities of color. Mentorship & Legacy: Leaders like Byron Allen, Cathy Hughes, Janice Bryant Howroyd, and David Steward actively mentor and fund the next generation of Black entrepreneurs. Innovation: From tech to automotive to media, these companies are pushing boundaries, reshaping industries, and challenging stereotypes.

The Bigger Picture

According to the U.S. Census Bureau, there are over 3 million Black-owned businesses in America, though most are small. Yet, the billion-dollar giants show what’s possible when resilience, innovation, and opportunity come together.

From the boardrooms of tech giants to the distribution centers feeding the nation — and even the studios behind The Weather Channel — Black-owned corporations are not just participating in the economy. They are leading it

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  • Byron Allen’s Media Group Sells 10 TV Stations for $171M – YouTube

    Covers Byron Allen’s media deals and the expansion of his empire.

  • Top 10 Largest Black-Owned Businesses – YouTube

    Visual overview of the biggest Black-owned companies and their impact on the U.S. economy.

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When your local reflecting pool or pond turns green with algae, don’t reach for chemicals – nature has better solutions

When ponds and reflecting pools turn green with algae, chemical “quick fixes” often fail. Here’s how nature-based solutions like Daphnia and aquatic plants can restore water quality longer-term.

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A man using an underwater vacuum stands knee-deep in the Reflecting Pool with the Washington Monument in the background.
A National Park Service employee uses a vacuum to clean the Lincoln Memorial Reflecting Pool on June 20, 2026. AP Photo/Mark Schiefelbein

Eric Palkovacs, University of California, Santa Cruz

When the Lincoln Memorial Reflecting Pool turned green with algae just days after a US$15 million renovation, the U.S. government scrambled for chemicals and expensive technical solutions to fix the iconic landmark.

Trying to kill algae with chemicals is a common response when community ponds or other water features go green. But as a scientist who studies freshwater ecology, I can tell you there are better solutions that cost far less, last longer and carry less risk of harm to pets and wildlife.

Rather than battling against nature, these alternatives work with nature for long-term solutions. https://www.youtube.com/embed/nkqBQ1r0Kto?wmode=transparent&start=0 If you need to treat a slimy, green, algae-filled body of water, you shouldn’t drain and refill the water, which resets the entire ecosystem. Instead, one solution is quite simple and relies on nature, not chemicals.

What went wrong on the National Mall

The algal bloom that turned the Reflecting Pool a vibrant green shouldn’t have been a surprise.

The pool is big, more than a third of a mile long and around 165 feet wide. But it’s shallow, meaning it warms up quickly in the sun. When it was repainted “American flag blue” during the renovations in spring 2026, the new color darkened the pool, and darker colors absorb more heat.

On top of those conditions, the pool was refilled with water from the nutrient-rich tidal basin of the Potomac River. The combination of warm water and nutrients created prime conditions for algae to bloom, turning the water pea soup green.

A tube into the Reflecting Pool, with the Jefferson Memorial in the background, puts out white bubbles.
In addition to hydrogen peroxide and vacuums, the government ordered nanobubble ozone technology to break up the algae. The nanobubbler contract was for $1.7 million. AP Photo/Jacquelyn Martin

As the national conversation over the Reflecting Pool shifts to political finger-pointing, an important environmental question deserves careful scrutiny: What is the best approach to maintain water quality in a case like this, whether for a national monument or a community water feature or pond?

Trying to chemically or mechanically remove algae can damage the structure of a water feature and may harm species in the water that could actually help solve the problem.

Importantly, chemical and mechanical solutions are only temporary fixes. When the Reflecting Pool is drained and filled again, there’s a good chance that algae will bloom again.

Natural algae control

Limnologists – scientists like me who study inland water bodies – have spent many decades learning why lakes and ponds turn green and how to clear them up.

Often, nutrient-rich waters fueled by fertilizer runoff from farm fields or sewage from cities are the sources that stimulate algal growth.

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However, natural ponds also host grazing zooplankton, which eat algae. For example, a type of zooplankton called Daphnia, known as water fleas because of the way these tiny crustaceans swim, can control algae by consuming it before it becomes a pea soup nuisance. Thus, a thriving Daphnia population can help maintain good water quality in a lake, pond or community water feature, even when nutrient levels spike.

A close-up image of a see-through water creature with eggs inside.
Daphnia are a genus of hundreds of species of tiny, see-through crustaceans that happen to be voracious algae eaters. A female Daphnia magna’s eggs are visible in this magnified image. Hajime Watanabe, PLoS Genetics, March 2011, CC BY

In addition to being highly effective grazers, Daphnia have another superpower – they can evolve rapidly. Urban waterbodies are often harsh environments with a variety of challenges, including high temperatures, low levels of dissolved oxygen, and pollutants. Daphnia can adapt to tough conditions, making these creatures an ideal source of algae control in many urban ponds.

Rooted aquatic plants are also useful for algae control in ponds because they absorb nutrients. Thus, shallow ponds with thick beds of aquatic plants can often resist algal blooms when nutrient levels rise.

Why draining might not be the best solution

One downside to draining and refilling a pond or urban water feature to try to clean it is that doing so resets the aquatic ecosystem, erasing the signature of any past evolution that has taken place.

Imagine Daphnia in a shallow pond that experiences periodic heat waves throughout the summer. Through repeated exposure to high temperatures, natural selection favors heat-resistant genotypes that can thrive in an urban pond.

Daphnia and other grazing zooplankton can also evolve resistance to some types of cyanobacteria, also known as blue-green algae, which produce compounds that are toxic to people and pets. Daphnia that evolve resistance to those toxins can help control harmful cyanobacterial blooms.

If a Daphnia population that evolved to tolerate warm temperatures, low oxygen levels or cyanotoxins is removed, the new population likely won’t be ready to handle those local challenges. This evolutionarily naive population will perform poorly in its new environment, reducing its effectiveness at controlling algal blooms.

As a result, traditional mechanical and chemical approaches may actually work against the goal of minimizing algae in ponds and other water features.

Nature-based solutions

The use of Daphnia to control algal blooms is just one example of solving environmental challenges with nature-based solutions.

Growing urban forests to provide cooling and improve air quality to help reduce the need for more energy-intensive air conditioning is another example. Maintaining urban wetlands can help reduce flooding, protect property and recharge groundwater more effectively and for less money than building and maintaining levees. Coastal marshes similarly reduce erosion, buffer storm surges and support fisheries.

All these urban ecosystems protect biodiversity and support human health and well-being.

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From national landmarks to city parks and backyard ponds, projects of all sizes can take advantage of nature-based solutions. While each specific project is unique, some general principles apply.

Ecosystems are most resilient when they are diverse and connected. So, it is beneficial to use a variety of species and genotypes and provide corridors that support the movement of organisms and their beneficial genes.

Urban climates are changing rapidly, so it helps to use species and genotypes that will thrive under future conditions, including rising temperatures.

Not every solution has to be engineered

The hubbub over the Reflecting Pool holds a mirror up to assumptions about how to solve pressing environmental challenges. The idea of just engineering one’s way out of any environmental crisis has limits.

Understanding ecology and nature’s mechanisms of ecosystem resilience can achieve sustainable solutions that benefit both nature and people.

Eric Palkovacs, Professor of Ecology and Evolutionary Biology, University of California, Santa Cruz

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Terminal Island: The Untold Story of Los Angeles Harbor’s Forgotten Community and Industrial Giant

Discover the remarkable history of Terminal Island in Los Angeles Harbor—from its thriving Japanese American fishing village to World War II shipbuilding and today’s global shipping hub.

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Terminal Island in the background, and Mormon Island in the foreground, sometime before 1942. Image Credit: U.S. National Archives and Records Administration
Terminal Island in the background, and Mormon Island in the foreground, sometime before 1942. Image Credit: U.S. National Archives and Records Administration

Whenever I think about Terminal Island, my mind immediately goes back to childhood trips with my parents to San Pedro’s Fisherman’s Wharf. Those visits were some of my favorite family outings. We’d walk along the waterfront while my parents picked up fresh crab, shrimp, fish, and occasionally shellfish. The smells of the ocean, the sound of fishing boats, and the towering presence of the Vincent Thomas Bridge left a lasting impression on me long before I understood the incredible history hidden just beyond the docks.

As a child, I simply saw ships, cranes, and bridges. It wasn’t until years later that I learned Terminal Island had once been home to one of Southern California’s most vibrant immigrant communities—and that much of it disappeared almost overnight during World War II.

Today, Terminal Island stands at the crossroads of history, commerce, and remembrance.

From Sandbar to Strategic Harbor

Terminal Island wasn’t always an island as we know it today. Originally a marshy stretch of land in San Pedro Bay, it was reshaped through decades of dredging and engineering projects that transformed Los Angeles Harbor into one of the world’s busiest ports.

As railroads arrived in the late 1800s, the island became a gateway for commerce. Warehouses, rail terminals, and docks expanded rapidly, laying the foundation for the economic powerhouse that would eventually emerge.

The Village That Built an Industry

In the early 1900s, Japanese immigrants established a thriving fishing village along Fish Harbor.

Families built homes, schools, churches, markets, and businesses while creating a close-knit community unlike any other in Southern California. Many residents came from Japan’s Wakayama Prefecture, bringing generations of fishing knowledge with them.

Their expertise helped build California’s tuna fishing industry into one of the largest in the nation. Long before canned tuna became a pantry staple across America, many of the fishermen of Terminal Island were helping shape the industry that made it possible.

The community even developed its own distinctive blend of Japanese and English known as “Terminal Island lingo,” reflecting the unique culture that flourished there.

A Community Lost

Everything changed after the attack on Pearl Harbor on December 7, 1941.

Within weeks, Terminal Island became the first Japanese American community in the United States to be forcibly removed.

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Residents were given little time to leave their homes.

Many men were arrested first under suspicion simply because of their ancestry. Families were separated. Businesses were abandoned. Eventually, nearly every house in the village was demolished.

For many residents, there was nothing to return to after the war.

Today, the story of Terminal Island serves as a powerful reminder of how fear and prejudice can overwhelm constitutional rights during times of national crisis.

Building Victory

As one community disappeared, another chapter began.

Terminal Island became one of America’s great wartime industrial centers.

Shipyards worked around the clock constructing destroyers, cargo ships, and support vessels for the Allied war effort. Thousands of workers—including many African Americans who had migrated west seeking defense jobs—helped build and repair ships that crossed the Pacific.

The island became a symbol of American industrial strength, contributing directly to victory during World War II.

The Bridge That Became an Icon

In 1963, the opening of the Vincent Thomas Bridge forever changed the harbor skyline.

The graceful green suspension bridge connected San Pedro with Terminal Island, replacing ferry service and improving access to the growing port.

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For many Southern Californians—including myself—the bridge became more than just a transportation link. It was a landmark that signaled you were entering one of the hardest-working waterfronts in America.

Every crossing offered sweeping views of ships arriving from around the world, reminding visitors that Los Angeles Harbor is one of the nation’s most important economic engines.

Terminal Island Today

Modern Terminal Island bears little resemblance to the fishing village that once stood there.

Today it is home to massive container terminals, rail yards, ship repair facilities, Coast Guard operations, federal facilities, and the Federal Correctional Institution. Together with the neighboring Port of Long Beach, the Port of Los Angeles moves millions of cargo containers every year, supporting jobs and businesses across the United States.

The island remains essential to global trade while quietly preserving memories of the people who first called it home.

Remembering the Whole Story

Terminal Island is more than an industrial center.

It represents the American dream of immigrants who built thriving businesses through hard work.

It reminds us of the injustice experienced by Japanese American families during World War II.

It showcases the extraordinary industrial effort that helped win a global conflict.

And it demonstrates how one small piece of land helped shape the economy of Southern California and the nation.

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The next time you cross the Vincent Thomas Bridge or see the towering cranes along the harbor, remember that beneath today’s shipping terminals lies a story of resilience, sacrifice, innovation, and hope.

Sometimes the most important history isn’t found in famous landmarks—it lives in the places we pass every day without realizing what came before.

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From Hand Signals to Smart Crosswalks: The Evolution of the Modern Pedestrian Signal

Discover the history of the modern pedestrian signal, from Garrett A. Morgan’s groundbreaking traffic signal to today’s smart, accessible crosswalks.

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Last Updated on July 12, 2026 by Daily News Staff

The Evolution of the Modern Pedestrian Signal

Every day, millions of people rely on pedestrian signals to cross busy street safely. A glowing white walking figure, an orange-red hand, and a countdown timer have become familiar sights around the world. While these signals may seem like simple pieces of infrastructure, they are the result of more than a century of innovation, engineering, and public safety improvements.

The modern pedestrian signal did not appear overnight. Instead, it evolved through the contributions of inventors, engineers, city planners, and transportation officials who continually refined traffic control systems as cities grew and automobiles became more common.

The Early Days of Traffic Control

Before electric traffic signals, intersections were controlled by police officers, railway-style semaphores, or even hand signals. As horse-drawn wagons gave way to automobiles in the early 1900s, traffic congestion and accidents increased dramatically, creating an urgent need for better traffic management.

One of the earliest electric traffic lights was installed in Cleveland, Ohio, in 1914. It used red and green lights and was manually operated. While it improved vehicle movement, pedestrians still had to judge for themselves when it was safe to cross.

How the Modern Pedestrian Signal Changed the Way We Cross Streets

Garrett A. Morgan’s Breakthrough

One of the most important milestones came in 1923 when inventor and entrepreneur Garrett Augustus Morgan received U.S. Patent No. 1,475,024 for an improved traffic signal.

Morgan’s design introduced a third position in addition to “Stop” and “Go.” This intermediate phase temporarily stopped traffic in every direction before allowing vehicles to proceed. The brief pause reduced confusion at intersections and provided additional time for pedestrians to cross safely.

Morgan reportedly developed his design after witnessing a serious traffic accident. His invention demonstrated how thoughtful engineering could improve public safety while making increasingly busy streets more efficient.

Although Morgan did not invent the illuminated “WALK” and “DON’T WALK” pedestrian signal used today, his three-position signal became a foundational step in the evolution of modern traffic control.

The Birth of Dedicated Pedestrian Signals

As cities expanded after World War II, pedestrian safety became an even greater concern. More people were walking in increasingly crowded downtown districts, and separating pedestrian movements from vehicle traffic became a priority.

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During the early 1950s, several American cities began experimenting with dedicated pedestrian signals. New York City became one of the first major municipalities to install illuminated “WALK” and “DON’T WALK” signs at busy intersections.

These early systems gave pedestrians their own designated crossing phase, reducing conflicts with turning vehicles and improving safety at some of the nation’s busiest intersections.

Standardization Across America

By the 1960s and 1970s, traffic engineers recognized the importance of creating consistent traffic control devices nationwide.

The Manual on Uniform Traffic Control Devices (MUTCD) established national standards for traffic signs, pavement markings, and pedestrian signals. Standardized designs helped ensure that pedestrians could understand crossing signals regardless of where they traveled in the United States.

Eventually, words gave way to internationally recognized symbols—a walking person to indicate it was safe to cross and an upraised hand to indicate pedestrians should wait. These symbols transcended language barriers and improved accessibility for visitors and non-English speakers.

The Countdown Era

One of the most significant modern improvements arrived with pedestrian countdown timers.

Rather than simply flashing a warning, countdown displays show exactly how many seconds remain before the crossing phase ends. Research has shown that countdown timers help pedestrians make better crossing decisions and improve compliance with traffic signals.

Today, countdown timers have become standard equipment at intersections across much of the United States.

Accessibility Takes Center Stage

Modern pedestrian signals are designed to serve everyone.

Accessible Pedestrian Signals (APS) now provide audible tones, spoken messages, vibrating push buttons, and locator sounds that assist pedestrians who are blind or have low vision. These features allow more people to navigate intersections independently and safely.

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The continued development of accessible technology reflects a broader commitment to making transportation systems inclusive for all users.

The Future of Pedestrian Safety

Pedestrian signals continue to evolve.

Many cities now use smart traffic systems that detect pedestrians waiting to cross, automatically adjust signal timing based on traffic conditions, and prioritize people walking during busy periods.

Researchers are exploring artificial intelligence, connected vehicle technology, and sensor-based systems capable of communicating directly with autonomous vehicles. Future pedestrian crossings may adapt in real time to weather conditions, crowd sizes, emergency vehicles, and even the needs of older adults or individuals with disabilities.

A Legacy Built by Many Innovators

The pedestrian signal we know today is the product of more than a century of collaboration and innovation.

Early traffic engineers created the first electric traffic lights. Garrett A. Morgan improved intersection safety with his groundbreaking three-position traffic signal. Transportation agencies standardized traffic control devices, while engineers continued refining pedestrian technology through countdown timers, accessible features, and intelligent traffic systems.

Every safe crossing today reflects the work of countless inventors, planners, researchers, and public officials dedicated to protecting lives.

As cities continue to grow and transportation technology advances, the humble pedestrian signal remains one of the most effective—and often overlooked—public safety innovations ever developed.

At STM Daily News, we celebrate the inventors, engineers, and visionaries whose everyday innovations quietly improve life for millions of people. Sometimes the most important inventions aren’t the ones that grab headlines—they’re the ones we depend on every single day without giving them a second thought.

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