Black In Business: Celebrating The Legacy Of Black Entrepreneurship

  • 📰 Forbes
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

African-Americans have played a key role in shaping the U.S. business landscape.

A

Historically, black-owned companies, like Madam C.J. Walker’s hair-care line and the businesses that formed Tulsa, Oklahoma’s Black Wall Street, were developed in direct response to racial discrimination. “These segregation patterns then created market opportunities for black entrepreneurs to step in, make money and meet the demands of the black community,” says Mehrsa Baradaran, author of.

The rate of black business creation continued to rise and fall throughout the 20th and 21st century, increasing in the ’90s, dipping during the 2008 recession and rising again post-recession. In recent years, the number of black-owned businesses has risen dramatically, with black women fueling much of that growth. In 2003, Oprah Winfrey, arguably the most notable black female entrepreneur, became the first black American billionaire.

Many of the black 2020 30 Under 30 listmakers echo a similar sentiment in candid video interviews with, but they also note the black community’s collective ability to persevere against all odds. And in an effort to level the playing field for entrepreneurs of color, a number of corporations and wealthy black business leaders have created funds to invest in minority-owned companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hi, my name is Terry Brown owner of Mz Kettles BBQ Chicken&Ribs. We’re trying to promote BBQ to the fast food drive through restaurants world wide. Such as, fried chicken, and hamburgers. This is historical movement of the first food ever cooked on earth. Look us up

TeamKanyeDaily TeamKanyeDaily Kanye is not on the list just use the picture for clickbait

Don't really have to make the picture black, you know?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Black In Business: Celebrating The Legacy Of Black EntrepreneurshipAfrican-Americans have played a key role in shaping the U.S. business landscape. Love this
Source: Forbes - 🏆 394. / 53 Read more »

How Google, Coca-Cola And Other American Companies Are Celebrating Black History Month 2020February is Black History Month, and much of corporate America is commemorating the occasion.
Source: Forbes - 🏆 394. / 53 Read more »

Historically Black University Launches Its Own CBD Line, Becoming First To Ever Do So“When you think of the rich history Southern University holds here in Louisiana, this launch only mirrors the monumental impacts this higher education institution has made in this country.” Black history month 'Black university ' , isn't that segregation?
Source: Forbes - 🏆 394. / 53 Read more »

14 Books to Read This Black History MonthFebruary is not only Black History Month, but it's also the month when many titles by Black authors are released. Here are 14 must reads this year. NBCBLK I can’t wait for white history months reading list. Why do y’all have to focus so much on skin color. NBCBLK Where are the Quan Millz books NBCBLK add Invisible Man by Ralph Ellison
Source: NBCNews - 🏆 10. / 86 Read more »