Did you know the Black dollar circulates within the Black community for only 6 hours! This means after getting paid on a Friday, blacks are only able to hold on to a dollar for 6 hours before having to spend it outside the black community. The Asian dollar circulates in the Asian community for 28 days, in the Jewish community it takes 20 days, In the white community, it takes 17 days. How can we live in the land of the free and not be able to support our own community for more than 6 hours? How can other nationalities come into the US and obtain private banks, and shopping plazas geared solely to their own culture? Hire their own race, pay their own race, empower their own race. Why don’t we support our fellow black businesses? I believe our oppression has also been the reason for our ignorance. I feel we use oppression to receive and request discounts from our own kind.
We judge black businesses before we step foot through the door. We often try to low ball the few black businesses we do own, and when we can’t get over, we don’t support. Has the 400 years of being oppressed and used subconsciously taught us to oppress and use our own kind? We support other high-end name brands with no question or expectation. Over the years I’ve come to learn that this is an overcompensation. Because we’ve been seen as less than and not equal to for years, we’ve chosen to show our worth by buying the brands that weren’t meant for us to have. Wearing them like a badge of honor, forgetting that the money we’ve spent doesn’t go back into our community.
Supporting black-owned businesses is not ONLY great for the black community but “America as a whole”. There are many great benefits that can come from supporting blacks businesses that I bet you weren’t aware of. Just by supporting one to two black businesses a week, it can CLOSE THE RACIAL WEALTH GAP IN AMERICA. For those unaware, the racial wealth gap in America got introduced during the Jim Crow-era. The biggest culprit was job discrimination against blacks. By separating and preventing blacks from obtaining higher paying jobs, Home Ownership became nearly unobtainable. With blacks not being able to afford home ownership this prevented us from being able to build long term wealth for future generations
By supporting your local black-owned businesses you also ultimately strengthen your own local economy. Successful small businesses help the communities that surround them thrive. With 80 percent of the US economy being black consumer spending, think about the amount of power blacks can generate across the country if we support more of our black-owned businesses.
We can ultimately start to “buy back our blocks and neighborhoods”. Along with buying our neighborhoods it also celebrates our black culture, employs blacks and holds many of the other companies accountable for their inappropriate, racial marketing. When you support black own businesses you make a choice to speak with your dollar. You have the power to stop supporting the chains and their bad practices, by hitting them where it hurts in the pocket.
If you’re wondering where you can get started http://www.supportblackowned.com is a black-owned business directory dedicated to getting you in touch with black-owned businesses
Here are some black-owned businesses run by great people that I know personally. Please feel free to reach out and support our own.
Gervenchicosmetics.bigcartel.com founded by “Mari” she provides custom and personalized design Ghana Waist Beads. Her waist beads give women just the right amount of elegance and confidence to be proud of the skin they are in year round.