Author Archives: hbcumoney

The HBCUpreneur Corner – Alabama State’s Deborah Scott Thomas and Data Solutions & Technology, Inc.

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Name: Deborah Scott Thomas

Alma Mater: Alabama State University

Business Name & Description: Data Solutions & Technology Incorporated (DST) provides a variety of services in Information Technology, Logistics and Operations, Management Support, Scientific and Technology Support, and Aviation Management. DST is ISO 9001:2008 certified and CMMI-SVC Maturity Level 3 appraised.

What year did you found your company? 1994 – DST is approaching its 20th Year Anniversary!

What was the most exciting and/or fearful moment during your HBCUpreneur career? The most exciting time was when I knew I had the confidence and expertise to start my own company. ASU provided me with the foundation that working hard with tenacity could lead to success.

The most fearful moment was the beginning of my entrepreneurial career because my livelihood rested on my shoulders.

What made you want to start your own company? I have always wanted to have a positive impact on the lives of others. My assessment of the marketplace revealed the need and opportunities for additional African American women leadership. I was very business savvy with contract identification, proposal writing and networking and knew all elements were essential in starting a consulting firm.

Who was the most influential person/people for you during your time in college? Professor Arthur Glass, my biology professor, was one of the most influential people during my studies at Alabama State University.

Another influential person was General Daniel “Chappie” James. He taught me so much about the military and I give honor to him for his military knowledge and leadership that resulted in me having a phenomenal career in the Air Force.

Also, my mother, Mrs. Mary Duncan – my rock, she was and is always there during the great times, and the stressful times with words of encouragement.

How do you handle complex problems? It depends on how you identify “complex problem,” but I evaluate the current situation, I look at how we got there and determine the best method to resolve the problem.

What is something you wish you had known prior to starting your company? Each day is never the same. Daily I speak with senior leaders to obtain updates on clients, staff, and stakeholders – all bringing excitement and challenges.

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What do you believe HBCUs can do to spur more innovation and entrepreneurship while their students are in school either as undergraduate or graduate students? To me nothing is more inspiring than to be with others who have fulfilled their dreams. If HBCUs establish practical work opportunities with corporations, I believe this would allow students to experience what is required to be a successful entrepreneur. The more students are placed in “real-world” environments; this can provide a foundation for their success.

How do you deal with rejection? I don’t! I continue to pursue opportunities and search for other options with a positive outcome.

When you have down time how you do like to spend it? Whew! That’s rare, but I like to go home to Alabama and spend time with family.

What was your most memorable HBCU memory? My most memorable memory at Alabama State University was being a part of the Student Government Association. This early time in my college career provided me with the structure and dedication to put in hard work.

I remember so vividly, ASU President Levi Watkins stopped by my desk one day and in that conversation, he informed me how he had been observing my work ethic over the previous weeks and was so impressed with how I handled myself in the office. You would never know how honored I felt for President Watkins to have that conversation with me.

In leaving is there any advice you have for budding HBCUpreneurs?

Remember you are your own brand!

Stay focused, committed and be diligent in everything you do!

HBCU Money™ Business Book Feature – In the Black: A History of African Americans on Wall Street

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The never-before-told story of five decades of African Americans on Wall Street

Here, for the first time, is the fascinating history of the African American experience on Wall Street as told by Gregory Bell, the son of the man who founded the first black-owned member firm of the New York Stock Exchange. A successful finance professional in his own right with close ties to leading figures in both the black financial and civil rights communities, Bell tells the stories of the pioneers who broke down the ancient social and political barriers to African American participation in the nation s financial industry. With the help of profiles of many important black leaders of the past fifty years including everyone from Jesse Jackson and Maynard Jackson, former mayor of Atlanta, to E. Stanley O Neal, COO and President of Merrill Lynch, and Russell Goings, founder of First Harlem Securities and cofounder of First Harlem Securities he shows how in the years following World War II the growing social, political, and financial powers of African Americans converged on Wall Street. Set to publish during Black History Month, In the Black will be warmly received by African American business readers and general readers alike.

HBCU Money™ Dozen 12/30 – 1/3

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

 

Research

Judge Rules Solar Power A Better Deal For Minnesota Than Natural Gas l Clean Technica

Electricity use drops as the UK passes ‘peak light bulb’. The timing couldn’t be better l New Scientist

Collapsing backpack uses a new type of nano-generator to charge your gadgets as you walk l New Scientist

Apple, Cisco, Dell Unhappy Over Alleged NSA Back Doors in Their Gear l CIOonline

Report: NSA intercepts computer deliveries to plant spyware l Network World

Algae Oil Poised For World Domination, Eventually l Clean Technica

Federal Reserve, Central Banks, & Financial Departments

Signs point to modest recovery l Housing Wire

Passing a course may soon be a graduation requirement for FL high school students l Council for Econ Ed 

Cities cultivate loan pools to help spur urban redevelopment l Kansas City Fed

Texas Financial Education Endowment first year grants have been announced  l Building Wealth

: measures stay at 0% l Atlanta Fed

Has college become a riskier investment? Read the cover story in our new Econ Focus magazine l Richmond Fed

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

 

HBCU Money™ Dozen 12/16 – 12/20

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

Transparent Solar Cells Could Turn Windows Into Generators l CIOonline http://trib.al/bf0t0PZ

California Blocks Another Concentrated Solar Power Project l Clean Technica http://dlvr.it/4Y2Kmm

SolarCity To Provide Solar Lighting To Schools Without Electricity l Clean Technica http://dlvr.it/4Y1Zfg

The rise of hobbyist programmers l ComputerWorld http://ow.ly/rXbqU

IBM follows Amazon’s move into China’s cloud computing market l NetworkWorld http://ow.ly/rXbSZ

Old mice, young bodies: The process of ageing has been reversed in rodents l New Scientist http://ow.ly/rXc2X

Federal Reserve, Central Banks, & Financial Departments

Regional Economic Update: #Texas economy has continued to grow at a moderate pace in recent weeks l Dallas Fed http://bit.ly/1jpmF4R

Richmond Fed’s Economic Quarterly Explores Developments in the Labor Market l Richmond Fed http://bit.ly/1l15aTX

An increasing proportion of the poorest people in the world come from #Africa. l World Bank http://wrld.bg/rTR9

Which countries are best at promoting #gender equality? Check out our heat map l World Economic Forum http://wef.ch/c31tA

Japan maintains stance, now sees recovery “as a trend” l Central Bank News http://dlvr.it/4Xxcy6

Senate passes $607B Defense bill l Floor Action http://bit.ly/1l07v1v

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ December 20, 2013

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.76 (0.0o% UNCH)

M&F Bancorp (MFBP) $2.89 (3.67% DN)

Radio One (ROIA) $3.40 (1.43% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  226.13 (0.27% UP)

Botswana Stock Exchange (BSE)  9 016.40 (0.24% UP)

Ghana Stock Exchange (GSE)  2 146.91 (78.95% UP)*

Nairobi Stock Exchange (NSE)  132.06 (N/A)

Johannesburg Stock Exchange (JSE) 44 574.25 (0.56% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 207.34 (0.55% UP)

London Stock Exchange (LSE)  3 535.63 (0.32% UP)

Tokyo Stock Exchange (TOPIX)  1 261.64 (0.11% DN)

Commodities

Gold 1 193.60 (0.68% UP)

Oil 99.04 (0.29% UP)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 2:00 PM Eastern Time Zone