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Where Have All the Black-Owned Businesses Gone?

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
126,752
85,884
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Democrats have shooed them everyone.....

https://www.theatlantic.com/business/archive/2017/05/black-owned-businesses-decline-rate/524283/

...The last 30 years also have brought the wholesale collapse of black-owned independent businesses and financial institutions that once anchored black communities across the country. In 1985, 60 black-owned banks were providing financial services to their communities; today, just 23 remain. In 11 states where black-owned banks had headquarters in 1994, not a single one is still in business. Of the 50 black-owned insurance companies that operated during the 1980s, today just two remain.

Over the same period, tens of thousands of black-owned retail establishments and local service companies also have disappeared, having gone out of business or been acquired by larger companies. Reflecting these developments, working-age black Americans have become far less likely to be their own boss than in the 1990s. The per-capita number of black employers, for example, declined by some 12 percent just between 1997 and 2014.
 
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