WHY

BLACK

BUSINESS

MATTERS

Black Business supports economic development, empowerment and revitalization in the Black Community.

  • Black business creates jobs, promotes self sufficiency and helps stabilize local economies.

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  • Black businesses can end the cycle of generational poverty and create more sustainable Black communities.

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  • The black community spends 1.3 trillion dollars a year as consumers and black businesses see only 2% of these receipts.

  • In white communities, each dollar is spent with 8 to 12 white businesses before it leave the community after circulating for an average of 17 days.  In the black community, the dollar only stays an average of 6 hours and seldom circulates past the first owner.

Here are 10 quotes, extracted from For New York, that will make you reflect on the invaluable role small and independent businesses — and the people behind them

— play in each of our lives.

“These are establishments that are often the character of a neighborhood, a community. The relationships created between customers and those that work in independent business frequently go beyond just purchases — it becomes familial.” - Rembert Browne (culture critic at large - New York Magazine).

 

“Most independent businesses are run by people - not by boards, not by stockholders, not by algorithms. And so you get a different kind of care and quality in their product because their work is a reflection of themselves. Instead of focusing on the next market they’re expanding into or the next round of funding they’re raising, they’re focusing on the details and being the best they can be.” - Erica Cerulo and Claire Mazur (co-founders - Of a Kind).

 

“You want to shop and live near places that actually mean things to people; places that have a real effect on communities. You can feel when someone really cares about the neighborhood they’re running a business in.” - Sandeep Salter (co-founder - Picture Room and Goods for the Study)

 

“Independent businesses give cities their shape, texture, color, and taste...often literally.” - Hasan Minhaj (comedian, correspondent - The Daily Show).

 

“Independent business is the fabric, man.” - DJ Clark Kent (DJ).

 

“They’re the ones that are actually of, and not just in, a community.” - Nigel Sylvester (pro BMX rider).

 

“Authenticity and hustle - that’s why you should support independent businesses.” - Yu Ming Wu (co-founder - Sneakernews, Sneaker Con, partner - Stadium Goods).

 

“Independent businesses are the lifeline of every community.” - Wilson Tang (owner, Nom Wah Tea Parlor and Fung Tu).

 

“Because that’s where the flavor’s at.” - Dao-Yi Chow and Maxwell Osborne (founders and creative directors - Public School).

 

“They’re authentic, they’re original, and they care.” - Helena Barquet and Fabiana Faria (co-founders - Coming Soon New York).

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