LIFE CONVOS: WHY IS IT SO DIFFICULT FOR BLACK OWNED BUSINESSES TO LEVERAGE COMMUNITY SUPPORT?


Social media conversations are the way we communicate to help share news and controversial issues.  One of the main issues discussed is the topic of Black owned businesses and lack of support.
The argument has been made that business is business and it should not any correlated with race, but it does.



Today the Instagram account with over 85K followers shared this post from user https://www.instagram.com/jalendevon/:


An IG follower @devyn_keaer commented this: A lot of dem niggas is hoes. Black products are more expensive becauss they dont have the connects, the resources have due to racism, living in poorer neighborhoods, and all the banks give higher interest rates to niggas than jews, whites, or whoever tf else lives in this country. I mean. We change all that if we all got black banks..... But niggas dont wanna do that either. #selfh8

This a debate that has caused more division then support amongst the Black business community.  It is interesting to see how as Black Americans we all have a different idea of what we feel has held us back.  Some don't feel like they have been personally because of individual choices whilst some are repeating the same lives of the generations that have come before them.  We decided to crunch some numbers on the number of Black owned companies in the US.

"There are about 8 million minority-owned businesses in the United States, according to a 2012 survey by the Census Bureau. Of these, about 2.5 million are owned by African-Americans. African-American-owned firms account for about 10 percent of the approximately 27 million in total of U.S businesses."  

Who was the first Black business owner?

 Berry Gordy (b. 1929), founder and first owner of Motown Records. Madam C.J. Walker, the first black female millionaire and "grassroots saleswoman". Mary T. Washington (1906–2005) first African-American woman to become a Certified Public Accountant.  

Financial support is one issue and the access to funding is another.  This is America and why should the skin color of the CEO make a difference on the product or service being sold?

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