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America’s Long History Of Opposition To Black Business Growth

AFRICANGLOBE - In the days of Jim Crow, it was unimaginable that a Black-owned business would be able to compete in the marketplace against established whites. The risk of being able to overcome such an impediment was too high. Many Blacks are unaware of the Battle of Tulsa, the Elaine Arkansas Massacre and other violent racial attacks designed to destroy Black economic success. However, those memories are implanted in the psyches of many African Americans.

America Has Over Two Million Black-Owned Businesses

AFRICANGLOBE - According to the United States Census Bureau, there are more than 2 million businesses in the country that are owned by African Americans. That statistic dispels a lot of rumors that African Americans are not successful in business. On the contrary, Black-owned businesses are a huge asset to the U.S. economy. But wait there’s more!

11 Black-Owned Businesses That You Should Support

AFRICANGLOBE - It’s always important to think about what (and who) you support—and it’s always a great time to shop at and support Black-owned businesses. When people need new cosmetics, apparel, or décor, they tend to shop at big-box retailers; few people shop at Black-owned businesses. Here’s a short list of some of our favorite businesses!

Six Interesting Facts About Black-Owned Businesses

AFRICANGLOBE - Black-owned businesses accounted for about 28% percent of all businesses in Washington, DC, the highest ratio in the nation. Second, was the state of Georgia, where 20% of businesses were Black-owned, and the state of Maryland, with about 19% in Illinois.

10 Ways To Support Black-Owned Businesses

AFRICANGLOBE - Research has found that if higher-income Black consumers spent at least $1 out of every $10 with Black-owned businesses, it would generate one million jobs for African Americans. Knowing how much of an impact supporting Black business can make, how do we go about supporting them?

5 Black-Owned Companies You’ve Never Heard Of That Make $500 Million...

AFRICANGLOBE - There are many Black-owned businesses that employ hundreds or thousands of people, and generate annual revenues of $100 million or more - some even generate billions. Here are 5 of them that you probably never heard of:

Lowe’s Stops Black Delivery Driver To Satisfy Customer’s Demand

AFRICANGLOBE - A Lowe’s Home Improvement store in Danville, Virginia, stopped an employee from making a delivery to a customer who demanded that the store not send a Black man for the job, according to reports.

Black-Owned Businesses Are Being Forced Out Of Detroit

AFRICANGLOBE - With shouts of "legal gentrification" and "equal should be equal," several Black Detroit businesses owners spoke to a crowd of around 30 people in downtown Detroit Tuesday.

Texas Black Business: Time To Go “Back To The Future”

AFRICANGLOBE - Did you know that the FIRST Black chamber of commerce was started in Dallas, Texas in 1926? Keep in mind this was only five years after Tulsa’s Black Wall Street was firebombed into oblivion for simply being successful in business. Nine years later, in 1935, Houston’s Black business community gave birth to the nation’s second Black chamber, the Houston Citizen’s Chamber of Commerce (now the Greater Houston Black Chamber).

South Africa To Boost Black-Owned Businesses With Fresh Rules

AFRICANGLOBE - South Africa introduced new ownership regulations to encourage large companies to support and invest in small, Black-owned businesses instead of issuing them shares, according to Trade and Industry Minister Rob Davies.

Baltimore Leads Comparable Cities In Black-Owned Businesses

AFRICANGLOBE - In Baltimore, 35 percent of businesses are Black-owned, which is unusual for its size. I looked at the percentage of businesses that are Black-owned for the 20 U.S. cities with populations between 450,000 and 650,000. The data come from the Census’s Survey of Business Owners, which hasn’t been updated since 2007. (Data for 2012 is scheduled to be released later this year.)

Top 10 Best Cities For Black-Owned Businesses — Most Are In...

AFRICANGLOBE - NerdWallet.com, an online personal finance provider, recently rated the best cities in the country for Black-owned businesses. The ratings were based on more than 100 U.S. metropolitan areas with populations over 100,000 and included economic indicators such as median income for Blacks, percent of Black-owned businesses, and cost of living.

Business Exchange: Are Blacks Losing Momentum?

AFRICANGLOBE - Blacks made significant strides in legislation and economics over the past 40 years. Washington, D.C., and Atlanta, Georgia are prime examples of Blacks’ successes circa 1970s, '80s and 90s. The cities were seats of power in government and politics. Black mayors and legislators in these cities spawn the nation’s two wealthiest majority-Black counties.

5 Ways To Support Black-Owned Businesses

AFRICANGLOBE - Black-owned businesses need your support. In 2011, it was reported that by 2015, Black buying power in the U.S. could reach $1.1 trillion. But that money doesn't always go back to the Black community. If that's one of your priorities, giving back to Black-owned businesses is a great way support Black entrepreneurs.

How Black-Owned Businesses Help Reduce Youth Violence

AFRICANGLOBE - According to a new study published in Urban Affairs Review, the growth of Black-owned businesses was strongly linked to a reduction in Black youth violence between 1990 to 2000.

Detroit: Shining The Spotlight On Black-Owned Businesses

AFRICANGLOBE - From looking at national media coverage, who would suspect that of Detroit's 50,000 businesses, 32,000 are Black-owned? That's a whopping 64 percent, according to 2007 U.S. Census figures, the most recent available.