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Why African Americans stay behind?

Hershe Renee · Wednesday, July 15th 2009 at 4:55PM · 153 views
First, I'd like to commend everyone in the US. We're so desparately trying to stay positive, enlight of everything that's going on in the economy. Having said that, let's get to the question at hand (and this is not an oponion, but an actual fact.) #1.... LACK OF UNITY. Defined $700,000,000 generated in America by African Americans alone. Less than 3% is spent in Black owned businesses. Solution: Turn that percentage around, and if 97% supported each others businesses, there would be no unemployment and no poverty in Black America. Ex: In almost every Black community someone of another race owns 98% of the businesses in that area. (I.E. Gas Stations, SuperMarket, Beauty Supply Stores, Cleaners, Restaurants, Auto Repair Shops, Telecommunication Outlets, Clothing Stores, City, Village, and Town Jobs, Banks, Car Dealerships just to name a few.) Even in the communities that are 95% African American. If you look back over the last couple of decades 1945 to the present, the African American community have exactly the same complaints when it comes to economic power. Fifty years from now, you'll still have the same complaints as long as this trend continues. I think the African Americans forgot that there was a time when there were only Black towns. No one was poor, all businesses were Black owned and with Black workers, each citizen of that town supported each business and each business supported each citizen. On my next blog: Reason #2.....

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Hershe Renee Hazel Crest, IL

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Comments (6)

J
Jewell Fox Wednesday, July 15th 2009 at 5:23PM

Hershe, I agree with you, somewhat! First I agree with you that we are not supportive enough of each other, but I believe there is a reason for that and my friends and I have discussed it and we all have the same reason. The reason is for whatever reason, black businesses always tend to be more expensive than other businesses in the area. I live in the Los Angeles area and would love to support black business but let's take for example food, you can buy Chinese, or Mexican for under $5.00 but the Black American food is about $10.00. The same with clothing and the super market, etc. so black businesses have to understand that the in a recession, you have to lower your prices in order to attract customers. Everyone is looking to save that dollar and will go anywhere to save it. That's my problem with black businesses. On the other hand we have to learn to help each other and give back to the community that helps us, this we do not do. So until we learn to give back, yes 50 years from now we will still be the same.

Hershe Renee Wednesday, July 15th 2009 at 5:52PM

That's so true. Here is why? 1. Inventory costs more . we don't own the factories ETC. 2. Black business have to go thru red tape for licenses. Then vendors alway's play waiting games on inventory. Other races don't have this problem they open their doors sometimes before they even have all their licenses. Inventory is credited without any hassles ETC.

Nathalie Louis Thursday, July 16th 2009 at 1:53PM

I think that maybe in black owned food businesses, the prices will be higher and in some cases, the quality is worth it. However in this specific areas of Jamaica, Queens NY there are many businesses that were once black owned. Now owned by Arab and Asian people. I don't know the reason why they sold their stores. There is one black female owned grocery store currently being threatened by neighboring stores, for helping young mothers in the community. If her store has been broken into many times when no other store has and she has been accused of false accusations just because of an increase of black people supporting her store and shopping there. I could just imagine the threats and obstacles that black business owners have been or will be subjected to. We can stick together its a matter of choice.

Hershe Renee Friday, July 17th 2009 at 11:38AM

Great point. Hispanics has shown what unity and support can do. In every positive catagory they poll ahead of us. One reason alone. THEY WORK TOGETHER. i have some shocking info. that I share later. If we don't get this point it won't matter any way it's amost to late. Thanksl

Wyteria Jacobo Friday, November 20th 2009 at 7:31AM

Hershe, girl, you are on to something here. I am happy to see you speak out about this because this is why I am a black business advocate. In fact, I formed a group Black Business Awareness to counteract this problem.

The latest stats I have on our buying power is that we have over 1 trillion dollars. No wonder advertisers love to market to us. Unfortunately, most of us don't realize it. Thus, the money bounces only once on average in the black community compared to 8 or 15 times in others. My group was formed to raise awareness of this. You should join and share your insights.

Wyteria Jacobo Friday, November 20th 2009 at 7:59AM

I forgot to add that it doesn't have to be like this. If you're reading this post and are looking for a solution, you're at the right place at the right time.

The solution to black business failure begins with the Black Business Builders Club. http://www.blackbusinessbuilders.net

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