Joseph Wallace

Recent Articles

Building the ‘Buy Black’ movement in Minnesota

Local entrepreneurs discuss challenges, offer solutions
 
News Analysis

By Charles Hallman

Staff Writer

 

The idea for the recent MSR multi-part Black business series first came last year during a conversation with Twin Cities Black Film Festival Founder-Director Natalie Morrow. She decried the seemingly low support from Blacks for such annual events as hers. MSR Editor-in-Chief Vickie Evans Nash later agreed with Morrow’s assertion and assigned me to investigate and report on how true or not true it is. Over the course of several months, after causal and on-record conversations with several local Black business owners, we produced the series beginning in late September. Rather than ask about how financially successful these business persons are, the MSR instead inquired why they chose to start their own businesses, any unforeseen obstacles they may have faced and overcome, new challenges they currently face, and what advice and tips they might offer to anyone who might be thinking of becoming a business owner. Continue Reading →

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Family-owned Black business sees employee satisfaction as key to success

Local packaging company rebounds, expands following economic crisis
 
By Charles Hallman

Staff Writer

 

Eighth in a series
 
Joseph Wallace last week told the MSR that his business, Independent Packing Services, Inc. (IPSI), is “doing six figures” in annual revenues. Wallace is president of IPSI, one of several local Black-owned businesses that employ many workers, in his case “just under 50 employees.”

He believes it is the only Black-owned packaging and crating firm in the nation, but he quickly points out, “I don’t necessarily look at [it] as being a minority business or a trailblazer. I would look at it as the type of product we deliver in this

region; we’re definitely at the top of the food chain of delivering heavy industrial design and packaging to our clients. I’m very proud of my ethnicity, but that’s not how I think in terms of my business.”

IPSI is a transport packaging firm started by his father in 1976, who according to Wallace “has been in business for himself since the age of 26. “We design and manufacture transport packaging — customized crating for anything from fine artwork to heavy electronics to heavy industrial equipment” — for major commercial customers in the medical, government, transportation and industrial industry, explains the three-year president. Continue Reading →

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