“At the moment Blacks are a distant third to Asians and Hispanics in every measure of entrepreneurial progress, including success rates and revenue growth, even though just 40 years ago we were first by a wide margin.” ~ Maggie Anderson, Our Black Year
What happened? 40+ years ago we had options. Slowly but surely we started to lose our unity. When non-Black businesses began to use us in their advertisements we felt we had to endorse them. When they started to promote Blacks to managerial and CEO positions we jumped at the opportunity. They offered us more money and exceptional benefits that Black owned companies couldn’t afford. By all means, do what’s best for your family. But if you knew then what we know now, would you have continued to invest your time & money in the Black community?
The more we fled from our companies, the more it hurt us. We weren’t looking at the bigger picture. We became dependent on these other businesses with “more to offer,” “better deals,” and “lower prices.” In this current revolutionary era, we are trying to find our way back to independence. We’re trying to figure out ways to keep more dollars circulating through our communities.
Currently there are only 5 Black owned grocery stores in America. FIVE!! 50 states. 35,000 cities and towns. Yet only 5 Black owned grocery stores remain. Also, I’ve seen way too many barber shops and beauty salons in my hometown. I know that some of you are passionate about styling hair but let’s be honest, most of you are in it for the money.
I hope this list will inspire at least one of you to venture out of the norm and try your hand at something new. If that just so happens to be a grocery store, please let me know. We need you!
1. Grocery Stores (obviously)
Only 5!A co-op would be nice to have in our communities.
There was a company called Unlimited Energy Solar Solutions that was owned by a Black woman but currently they are out of business. WDC is a company that was founded by Mark Davis; http://www.wdcsolar.com/. America’s first and only Black owned solar panel installation company. Only 2
10.Cable Companies& Electronics
There is one cable company (that I could find! Wilco Electronic Systems in Philadelphia.If that really is the only one, we have some work to do.And where are our electronic brands like Sony, Dell, LG, Phillips, etc.Don’t we use these brands enough to know how to make them better?
One cell phone.It’s a lot easier to find apps just not that easy for Android users.There are currently no phone companies.
Name one Black hospital…I’ll wait.And to be clear I said owned, not founded.
13. Directors and Movie Production Companies
Black Americans attend movies 10% more often than the general population.But most of the movies we watch don’t always portray us or our history in a way that we like. We’ve seen more slave history movies than anything else.They constantly make movies about the exact same people (MLK, Malcolm X, Nelson Mandela).There is finally a Marcus Garvey biopic coming out and I am so excited to see Birth of a Nation.We still need more whether they are short films or not.