Black Money Business Jobs : Why the Growth of Black Businesses is Skyrocketing

Discussion in 'Black Money Business Jobs' started by Liberty, Nov 14, 2015.

  1. Liberty

    Liberty going above and beyond PREMIUM MEMBER

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    Black entrepreneurs have seen their businesses grow in leaps and bounds over the decades. But what barriers still remain for their success?

    Each February, we celebrate Black History Month, an annual recognition of the heritage and contributions of black Americans to the nation and the world. The most prominently celebrated tend to be African-American achievement in the arts, sports, politics, education and civil rights, and rightfully so. But we would be remiss if we overlooked the accomplishments of African-American entrepreneurs during Black History Month, especially given the progress made over the past several decades.


    For a quick snapshot of that progress, let’s take a look at the Black Enterprise 100s, our annual listing of America’s largest black-owned businesses. First published in 1973, the combined annual revenues of the companies on that list was $492 million (an inflation-adjusted $2.6 billion today). Fast forward to our
    most recent BE 100s report and you'll find that the 100 largest industrial/service companies generated combined annual revenues of $19.1 billion. This does not include an additional $7.2 billion in annual revenues generated by a separate list of the 60 largest auto dealerships, nor does it include the revenues of companies on additional rankings of the largest black-owned advertising agencies, banks, asset management companies, private-equity firms and investment banks. The nation’s largest black-owned company, World Wide Technology Inc., led by CEO David L. Steward, reported $5 billion in revenues—more than 10 times that of the companies on the original “Top 100” list combined.

    Read more
    https://www.americanexpress.com/us/.../what-is-the-state-of-black-entrepreneurship/
     
  2. Liberty

    Liberty going above and beyond PREMIUM MEMBER

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  3. MS234

    MS234 Well-Known Member MEMBER

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    Any form of progress is always good imo.
     
  4. Liberty

    Liberty going above and beyond PREMIUM MEMBER

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    We need to funnel it in a way that benefits more of us.
     
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