In 2008 under the chairmanship of Michael Russell, the Atlanta Business League (ABL) highlighted
black-owned businesses that have flourished for twenty-five or more by inducting them into the Business Hall of Fame.

Since the organization’s inception in 1933 as an affiliate of Booker T. Washington’s National Business League, thousands of businesses like Atlanta Life Insurance Company, Citizen’s Trust Bank, Paschal’s Concessions and Lottie Watkins Enterprises, Inc. have prospered while utilizing the ABL’s resources, connections, and guidance. More than forty of those businesses, in operation for more than 25 years, were inducted into the ABL’s Business Hall of Fame during the 75th anniversary celebration. Their pioneering entrepreneurial endeavors have paved the way for others to follow and we are proud to highlight them.

ABL now inducts black owned businesses into the Business Hall of Fame each year during the Annual Meeting.

Atlanta Life Financial Group, Inc.
CEO: William Clement
Founded: 1905

Founded in 1905, Atlanta Life Financial Group is a privately owned financial services company that helps consumers, businesses and communities build and protect wealth. Atlanta Life Financial Group consists of three operating units: Atlanta Life Insurance Company, Atlanta help individual and institutional customers manage their insurance and investment needs. More specifically, Atlanta Life Insurance Company provides group life products to Fortune 500 companies and Atlanta Life General Agency offer various brokerage services, including P&C, banking and Pre-need. Atlanta Life Investment Advisors is a registered investment advisory firm that specializes in large capitalization equity strategies both in the U.S. and non-U.S. equity markets for institutional clients.

 

 

Citizens Trust Bank
CEO: James Young
Founded: 1921

For more than three-quarters of a century, Citizens Trust Bank has been serving the metro Atlanta community with banking services. This long history, by any measure of longevity, is one of which all of Georgia should be immensely proud. Citizens Trust Bank is one of the largest African-American owned financial institutions in the nation with over 85 years of history and assets of more than $330 million. In 1919, an group of five foresighted men, also known as the “Fervent Five,” envisioned a bank that would primarily serve the black citizens of Atlanta. On August 16, 1921 the doors of Citizens Trust Company opened on Sweet Auburn Avenue led by Herman E. Perry (1873-1929), founder of the Standard Life Insurance Company of Atlanta.

 

 

 

Atlanta Daily World
CEO: William Clement
Founded: 1905

The Atlanta Daily World, then called the ATLANTA WORLD, was launched on August 5, 1928 by Founder, William Alexander Scott, II In 1932, the Atlanta Daily World, became the nation’s first Black-owned daily newspaper in the 20th century. The paper has been owned and operated by the Scott Family for 80 years. The publishers of the ATLANTA WORLD felt the need of a Southern newspaper published by Southern Negroes to be read by the Southern Negroes. It was in a sincere effort ot fill that need that the ATLANTA WORLD was issued to the Southern public. The purpose of the newspaper then was to dispense to the public wholesome information to enlighten people of current happenings and to serve as a guide and organ of expression for the community.

 

 

 

Haugabrooks Funeral Home
CEO: Marcus Wimby
Founded: 1929

Geneva Motion Haugabrooks established Haugabrooks Funeral Home in 1929. With less than $300 in cash, Mrs. Haugabrooks opened the doors at 257 Auburn Avenue with one hearse, one family car, limited employees and a shared phone line with Murphy’s Springs Print Shop. Fondly remembered as “Mama Haugabrooks,” this altruistic busy lady managed this full service mortuary with her two nephews C.H. Sherwood and L.P. Sherwood. This family owned and operated business moved to its present permanent home at 364 Auburn Avenue in1937. Presently under the leadership of CEO, Marcus Wimby, the mission of understanding given to hundreds of families the company has serviced.

 

 

 

Bronner Brothers
President/CEO: Bernard Bronner
Founded: 1947

In 1947, Nathaniel H. Bronner and his brother Arthur borrowed $200 against the family farm in south Georgia to start the Bronner Bros. Company. Today, the company has evolved and grown into one of the greatest success stories of the American spirit. Not only is the company an international leader in the beauty products industry, but also it has a standard of integrity and public service that all businesses would do well to emulate. The sons, Nathaniel, Jr., Bernard, Dale, Charles, James and the late Darrow Bronner were taught well about all facets of the company by their father. Nathaniel Bronner and the members of the family who have made Bronner Bros. what is it today have consistently nurtured and strengthened the Atlanta community and provided the tools of economic empowerment to African-American citizens throughout the country.

 

 

Busy Bee Cafe
President: Tracy Gates
Founded: 1947

Due to a commitment in 1947 of providing the best southern cuisine and service, Busy Bee Café was founded. It received national attention beginning with a featured article in Essence Magazine in 1996. This was followed by other articles and awards in Creative Loafing, Atlanta Magazine, AOL City Guide 2005, 10 Best BET Award 2008. Food and Wine 2003, Nation’s Restaurant News, Chicago Tribune, Wall Street Journal, Southern Living, Vibe Magazine, Treasures of Georgia and numerous articles in the Atlanta Journal Constitution. The most coveted achievement is receiving a Zagat Rating of 26 for food quality in 2005/2006 which it maintains today. Within the next year, an expanded Busy Bee Café will relocate to the Historic Westside Village.

 

 

 

Paschal's Restauraunt
President: James Paschal
Founded: 1947

The Year was 1947 When James and Robert Paschal entered the restaurant business at 837 West Hunter Street. Brother Robert’s fried chicken quickly became legendary. The exceptional quality of “Paschals’ Fried Chicken” consistently drew praise and increasingly large crowds of customers. The Business grew. The need for expanded community services grew. In 1959, Paschals’ Restaurant opened. One year later, James and Robert Paschal opened the La Carrousel Lounge. La Carrousel quickly became Atlanta’s “Jazz Mecca.” For more than a decade blacks and whites eagerly crowded into the night club, often sharing tables. In 1967, Paschals’ Motor opened featuring one hundred-twenty lavishly furnished rooms, meeting rooms, dining spaces, and swimming pool. The complex was not only unique to Atlanta, but to the nation.

 

 

H.J. Russell & Company
Chairman of the Board: Herman J. Russell
Founded: 1952

From his purchase of a small parcel of land at age 16 in 1946 to an entrepreneurial legacy with the construction of his $300 million dollar mixed-use complex in downtown Atlanta in 2003, business entrepreneur, civic leader and philanthropist Herman J. Russell is a man focused on his 50th anniversary motto of “strengthening American’s foundation”. A native of Atlanta, Herman J. Russell was an accomplished tradesman by the age of 12 having learned the plastering business from his father, Rogers Russell. Returning to Atlanta after college, he worked alongside his father taking over the company in 1952. Today, H.J. Russell & Company is a diversified organization that has expanded into the areas of construction, construction management, real estate development and property management. In addition, H. J. Russell & Company is ranked as the fourth largest minority Industrial/Service Company in the United States.

 

ABL Partners for Corporate Growth

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01

  • Icon 01