Small businesses are extremely important. They create jobs and provide goods and services to their communities. They are over 5 million employer firms in the United States. Yet, only about 134,567 of them are black-owned. This has widespread effects because business ownership is a very common and reliable source of family wealth. In 2019 The …
Up-and-Coming Black Entrepreneurs: Robert Rhodes Read More »
Black-owned businesses are important. They create jobs and provide goods and services to their communities. But there aren’t enough of them. Fortunately, the number of black-owned businesses is growing. According to Robert Fairlie’s (a research associate at the University of California in Santa Cruz) analysis of census data, the number of Black small-business owners was …
Up-and-Coming Black Entrepreneurs: Endora Guillaume Read More »
Generational wealth is a term used by many, but truly understanding its meaning and origin is another matter. Generational wealth refers to assets a family member passes onto their heir, most commonly allocated as stocks, bonds, mutual funds, real estate, and other investments. When many individuals think of generational wealth, as it pertains to the …
Generational Wealth in the Black Culture: Past and Present Read More »
As the rate of Black women pursuing entrepreneurial endeavors continues to rise, showing appreciation, respect, and love for the women who came before is just as vital. Out of respect for February’s Black History Month, a time dedicated to commemorating the efforts of our ancestors and the descendants to come, below are a few underrepresented …
Commemorating Black Leaders in Entrepreneurial Development Read More »
February is a month of commemoration, acknowledgment, and reflection; it’s the month of honoring Black history. It is the cadence of celebration where glasses are raised to the symphony of freedom. This month of remembrance allows us to revisit the tales of our great ancestors’ struggle, passion, and fight that never ceases to inspire. It …
Black History Month at George Washington University Read More »
What must be done to recreate America’s Black Wall Streets? In the late nineteenth and early twentieth centuries, several segregated African American neighborhoods took it upon themselves to establish their own versions of the centers for commerce, industry, and entrepreneurship that white Americans had locked them out of. Because New York’s Wall Street and other …
If you were asked to provide a list of Black icons of civil rights, social justice, and activism, what figures would you name? It’s very likely that several mainstays of those categories would come up: Martin Luther King Jr., Malcolm X, Nelson Mandela, Angela Davis, etc. Maybe you’d stray slightly off the beaten path and …
Behind the Scenes: Three Black Icons You Might Not Know Read More »
Despite the fact that poverty rates have been showing clear signs of decline over the last decade, certain inequalities still persist. According to one recent study, for example, the poverty rate in the entire United States was 10.5%. To put that into perspective, that was the lowest rate since estimates were first made public in 1959. …
Where Does Poverty Come From? Breaking Things Down Read More »
