Part of the
At one time, the state of Georgia was known as one of the easiest states for a Black man in which to get lynched. Between 1915 to 1970 a wave of Black Americans left the deep South to find new opportunities in cities like Los Angeles, San Francisco, Detroit and Chicago. A new story in the New York Times is reporting that Black folks from up North are moving back
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Two men from Kentucky created startup called “Ujamaa Deals,” that will offer deals to Black-owned businesses across the nation.
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Washington D.C. ranks atop a newly released National Urban League Policy Institute study that lists the top metropolitan areas for Black-owned businesses.
Los Angeles and Chicago came in at number two and three respectively when it comes to cities best suited for Black business.
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Read More“We found that cities with strong diversity supplier policies
Black-owned banks are struggling to remain relevant and during difficult economic times, according to a report by HuffingtonPost.com
The number of black-owned banks across the nation is shrinking– almost half of the banks closed in the past two decades.
HuffingtonPost.com reports:
Read MoreTheir traditional customer base — lower and middle class blacks, small business owners and churches — has been disproportionately affected by high unemployment, leaving customers with less money to deposit and, in turn,
Community leaders from the Southern Christian Leadership Conference and local businesses in Fort Worth, Texas are unhappy with the name of a local food-mart titled “Da Hood Food Mart.”
“The name is insulting to our African-American heritage and the over-saturation of these types of establishments within the economically disadvantaged communities is simply a continuation of the exploitation of the poor,” the Rev. Kyev Tatum, president of the SCLC,
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While America’s economic turmoil has impacted the entire nation, Black businesses seem to be some of the most severely affected. Today, in the U.S., there are half as many Black-owned car dealerships than there were three years ago.
Automotive News details the industrywide decline.
Read MoreBlack dealers have taken a disproportionate hit — “drastic” in the words of one minority dealer spokeswoman — in the past three years. There are 261 black-owned
A program aimed at helping jumpstart the local economies of struggling cites is pairing high-performing college graduates and business startups in cities like Detroit, New Orleans and Providence, R.I.
Modeled after Teach For America, Venture For America is a two-year program that places recent college graduates into business startups.
“Our concrete goal is to generate 100,000 U.S. jobs by 2025,” VFA president Andrew Yang told the Boston Herald.
Read More“The primary driver
As Black Businesses and Contractors, in Cincinnati, are struggling for inclusion in taxpayer-funded contruction projects like Cincinnati Public Schools, the problem has grown nation-wide.
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A couple from Chicago gave most of their business in 2009 to African-American stores.
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