As a Black-owned company, we'd like to take this time to feature eight publicly-traded Black-owned companies to keep an eye on in 2023.  These companies are well known to many, and new to others.  We are inspired by our community and those who strive for greatness around us.  We will continue to look for more ways to spotlight Black companies in other arenas as well.

RLJ Lodging Trust

  • website:
  • stock ticker is RLJ
  • RLJ is a real estate investment trust
  • sector is hospitality
  • portfolio consists of 103 hotels in 23 states
  • Their business is focused on urban communities and densely-populated cities. They see high demand from high levels of tourism, corporate events, and vacationers
    • became publicly traded on the NYSE in 2011
    • Robert Johnson is the founder and chairman of the company, Leslie D. Hale is the standing CEO

      Urban One

      • website:
      • publicly traded on NASDAQ under ticker UONEK
      • specialize in representing Black culture
      • 20 million unique website visitors, 200 million app streams, 82% of Black America reached, 40 million video streams
      • owns the brands TV One, Radio One, Reach Media, One Digital, One Solution, and Cleo TV
      • Cathy Hughes is the founder, leading the company for more than 40 years
        • founded in 1979, in Silver Springs, Maryland
        • reported $111.5 million revenue for 2021, an increase of 20.3% from 2020

          Ping Identity Holding

          • website:
          • founded by Andre Durand in 2002
          • specialize in identity protection services
          • publicly traded on the NYSE under the ticker PING
          • specialize in identity data management, intelligent access controls, and multi-factor authentication
          • they have a trademarked intelligent identity platform
          • used by 13 of the largest banks, 5 of the largest retailers, and 7 of the largest healthcare companies

              Carver Bancorp

              • website:
              • founded in 1948
              • traded on NASDAQ under stock ticker CARV
              • a holding company for Carver Federal Savings Bank.
              • first branch opened in Harlem in 1949
              • a CDFI (community development financial institution)
                • focus primarily on business development efforts and personal lending for poor communities in the US. 
                • they process business loans without bias and offer personal loans to those who may be blocked out by other institutions.

                Broadway Financial Corp

                • website:
                • founded in 1946 in Los Angeles
                • a CDFI (community development financial institution) 
                • started by offering loans to Black people who were denied by other institutions
                • On April 1, 2021, the bank merged with City First Bank and became the largest Black-owned financial institution in the United States.

                  Axon Therapeutics

                  • website:
                  • a biopharmaceutical company focused on novel treatments for central nervous system conditions.
                  • traded on NASDAQ under the ticker AXSM

                    American Shared Hospital Services

                    • website:
                    • they provide equipment to hospitals and medical centers.
                    • founded in 1980 and incorporated in 1983.
                    • trades on the NYSE under the ticker AMS

                      Citizens Bancshares Corporation

                      • publicly traded under the stock ticker CZBS.
                      • announced 100 year anniversary in 2021
                      • founded by five black businessmen
                      • founded in Atlanta and headed by Heman E. Perry
                      • focused on the importance of equality in financial services, homeownership, fiscal responsibility, and thriftiness

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